Published
{
"ticker": "CRWD",
"cik": "0001535527",
"company": "CrowdStrike Holdings, Inc.",
"business_type": "software",
"schema_template": "standard technology/software: subscription and professional services revenue, cost of revenue and gross profit, operating expenses and operating income, net income and per-share amounts; balance sheet cash, deferred revenue, debt, assets and equity; operating cash flow, capital investment and free cash flow, plus annual recurring revenue as the subscription business's headline operating metric",
"reporting_currency": "USD",
"converted_to_usd": false,
"units": "actual dollars (not thousands); share counts are actual shares; per-share amounts are actual dollars per share",
"units_notes_seen": {
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"FY2026 10-K consolidated statements of operations": "(in thousands, except per share data)",
"FY2026 10-K consolidated statements of cash flows": "(in thousands)",
"FY2026 10-K consolidated statements of stockholders' equity": "(in thousands)",
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"Q2 FY2027 10-Q condensed consolidated statements of cash flows": "(in thousands)",
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"Q2 FY2027 earnings release GAAP to non-GAAP reconciliations (free cash flow)": "(in thousands, except percentages)"
},
"adjustments": {
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{
"split": "four-for-one split of Class A common stock, effected as a stock dividend after the close of trading on July 1, 2026 to holders of record on June 25, 2026",
"effect_on_this_record": "All share counts and per-share amounts in this record are stated on the post-split basis. The Q2 FY2027 10-Q already presents every period it prints on that basis. The FY2026 10-K was filed before the split and prints pre-split amounts, so the fiscal 2026, 2025 and 2024 share counts have been multiplied by four and the per-share amounts divided by four here."
}
],
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"derivation": "derived by adding the six months ended July 31, 2026 to fiscal 2026 and deducting the six months ended July 31, 2025; the interim periods come from the quarterly report for the quarter ended July 31, 2026 (accession 0001535527-26-000031) and fiscal 2026 from the annual report for the year ended January 31, 2026 (accession 0001535527-26-000010)",
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},
"notes": [
"Every figure here comes from two filings: CrowdStrike's annual report on Form 10-K for the fiscal year ended January 31, 2026 (accession 0001535527-26-000010, filed March 5, 2026) and its quarterly report on Form 10-Q for the quarter ended July 31, 2026 (accession 0001535527-26-000031, filed August 27, 2026). The three-month cash flow figures are the only exception and are noted separately below. CrowdStrike's fiscal year ends January 31, so fiscal 2026 is the year ended January 31, 2026 and the quarter ended July 31, 2026 is the second quarter of fiscal 2027.",
"Periods reported: the three fiscal years the 10-K's statements of operations and cash flows present (fiscal 2026, 2025 and 2024); the two balance sheet dates it presents (January 31, 2026 and January 31, 2025); and, from the 10-Q, the three months ended July 31, 2026 and July 31, 2025, the six months ended each of those dates, and the balance sheet at July 31, 2026. Fiscal 2024 therefore carries an income statement and a cash flow statement but no balance sheet, because the 10-K does not present one at January 31, 2024.",
"Schema: a standard technology/software template. CrowdStrike sells subscriptions to a cloud security platform plus professional services, so revenue and cost of revenue are split between those two streams, and annual recurring revenue - the company's own headline operating metric, defined as the annualized value of its customer subscription contracts as of the measurement date - is carried alongside the statements.",
"Line-item naming follows the statements: `operating_income` is the filing's \"Loss from operations\"; `net_income` is consolidated net income including the non-controlling interest in the CrowdStrike Falcon Funds; and `net_income_attributable_to_common_stockholders` is the filing's \"Net income (loss) attributable to CrowdStrike\", which is the amount earnings per share is struck on. For the six months ended July 31, 2026 those two differ by $18.2 million of income attributable to the non-controlling interest, which is why net income of $51.3 million becomes $33.1 million attributable to CrowdStrike.",
"Stock split: CrowdStrike effected a four-for-one split of its Class A common stock as a stock dividend after the close of trading on July 1, 2026, to holders of record on June 25, 2026. The 10-Q states every share and per-share amount it prints on the post-split basis, including the year-ago comparatives. The 10-K was filed before the split and prints pre-split amounts, so the fiscal 2026, 2025 and 2024 weighted-average share counts here are the reported counts multiplied by four and the per-share amounts are the reported amounts divided by four. As reported pre-split, diluted earnings per share was $(0.65) for fiscal 2026, $(0.06) for fiscal 2025 and $0.30 for fiscal 2024, on weighted-average diluted counts of 250.6 million, 244.8 million and 243.6 million shares. Every share count and per-share figure in this record is on the post-split basis.",
"Revision of prior periods: during the fourth quarter of fiscal 2026 CrowdStrike identified an immaterial error in the timing of stock-based compensation expense recognition on certain awards granted in fiscal 2022 and 2023, and revised its previously issued statements. The fiscal 2025 and fiscal 2024 columns used here are the revised figures presented in the fiscal 2026 10-K; the cumulative $29.3 million effect on fiscal 2023 and 2022 was recorded as an adjustment to accumulated deficit and additional paid-in capital at February 1, 2023. The 10-Q likewise revised the three and six months ended July 31, 2025, and the figures used here for those periods are the revised ones - for the quarter, gross profit rose by $1.7 million and net loss narrowed by $7.5 million against what was originally filed, moving diluted loss per share from $(0.08) to $(0.07) on a post-split basis. The revision had no effect on cash flows.",
"Free cash flow is CrowdStrike's own measure: net cash provided by operating activities less purchases of property and equipment, less capitalized internal-use software and website development costs, and less purchases of and proceeds from deferred compensation investments, net. The `capex` line in each period is the total of those three deductions and each component is reported individually beside it, so free cash flow equals operating cash flow plus `capex` exactly. The bulk of `capex` is genuine capital investment - property and equipment plus capitalized software - with the deferred compensation investment flows, which relate to securities held in a trust that funds the company's deferred compensation plan, accounting for under three percent of it in every period shown, and under two percent in every period other than the quarter ended July 31, 2025.",
"The company publishes free cash flow only for interim periods. The annual free cash flow figures for fiscal 2026, 2025 and 2024 are calculated here by applying that same definition to the cash flow statements in the 10-K; the 10-K itself does not print a free cash flow line.",
"The 10-Q's cash flow statement presents six-month columns only, so the three-month cash flow figures for the quarters ended July 31, 2026 and July 31, 2025 are taken from the results tables in CrowdStrike's second-quarter fiscal 2027 earnings release, furnished as Exhibit 99.1 to the Form 8-K of August 26, 2026 (accession 0001535527-26-000029). Each quarter carries that accession in its `cash_flow_source_accession` field.",
"The 10-Q presents a balance sheet at July 31, 2026 and at January 31, 2026 but not at July 31, 2025, so the quarter ended July 31, 2025 carries only the equity balances at that date, which the condensed consolidated statements of stockholders' equity do print. Total assets and total liabilities are not available for that date from these filings and are left out rather than estimated.",
"Total debt is the carrying amount of CrowdStrike's 3.00% Senior Notes due February 2029, $750.0 million in principal, shown net of unamortized discount and issuance costs. The company has no other borrowings, so total debt equals the long-term debt line on the balance sheet in every period.",
"The six-month columns the 10-Q prints are held in `year_to_date`, with the year-ago six months nested inside it, rather than in the quarterly list, so that no entry in `quarterly` is anything other than a discrete three-month period. `trailing_twelve_months` covers August 1, 2025 through July 31, 2026 and is derived by adding the six months ended July 31, 2026 to fiscal 2026 and deducting the six months ended July 31, 2025; it carries no per-share amounts, because a weighted-average share count cannot be added and subtracted that way.",
"Effective in fiscal 2027, CrowdStrike lengthened the estimated period of benefit for sales commissions capitalized on initial contracts and upsells from four years to five. The company states this change in estimate reduced sales commission expense by $25.5 million in the quarter ended July 31, 2026 and by $53.4 million in the six months then ended, which flatters the year-over-year comparison of sales and marketing expense and of operating income for those periods.",
"CrowdStrike pays no dividend; `dividends_paid` is zero in every period. Share repurchases began in the first quarter of fiscal 2027 under a program authorized in June 2025 and increased to $1.5 billion in April 2026: $175.6 million of stock was repurchased in the six months ended July 31, 2026, all of it in the first quarter, with none in the quarter ended July 31, 2026."
],
"uncertainties": [
"CrowdStrike's own free cash flow reconciliation for the six months ended July 31, 2025 deducts $2.934 million of purchases of and proceeds from deferred compensation investments, net, while the cash flow statement for the same period shows purchases of $2.770 million against proceeds of $0.164 million, a net $2.606 million - a difference of $0.3 million. The reconciliation figure is used here so that free cash flow for that period matches the $563.0 million CrowdStrike published. The equivalent figures for the six months ended July 31, 2026 agree exactly.",
"Annual free cash flow for fiscal 2026, 2025 and 2024 is calculated rather than quoted, because CrowdStrike does not publish an annual free cash flow figure in its 10-K. The calculation applies the company's own stated definition to the 10-K's cash flow statement.",
"The annual per-share amounts are the amounts the 10-K prints divided by four, which preserves the filing's rounding to the cent before the split was applied. Struck instead as net income attributable to CrowdStrike over the restated diluted share count, they would be $(0.1621) for fiscal 2026, $(0.0156) for fiscal 2025 and $0.0741 for fiscal 2024, against the $(0.1625), $(0.0150) and $0.0750 reported here.",
"Diluted earnings per share for the quarter ended July 31, 2026 is the $0.01 the filing prints. Net income attributable to CrowdStrike of $5.3 million over 1,044.5 million weighted-average diluted shares is nearer $0.005; the difference is the filing's rounding to the cent at a very small per-share amount, not a discrepancy in the underlying figures.",
"The 10-Q prints three-month and six-month columns only, so no first-quarter figures are reported here. A first quarter could be obtained by differencing, but the filings in front of this record do not present one, and the first-quarter balance sheet and cash flow statement are not recoverable from them at all.",
"Fiscal 2024 carries no balance sheet: the 10-K's balance sheets cover January 31, 2026 and January 31, 2025 only.",
"The quarter ended July 31, 2025 carries equity balances but no total assets or total liabilities, because these filings present no balance sheet at that date."
],
"headline": {
"period": "Q2 FY2027",
"period_end_words": "July 31, 2026",
"metrics": [
{
"label": "Revenue",
"format": "usd",
"value": 1470897000,
"text": "$1.47 billion",
"exact": "$1,470,897,000",
"compact": "$1.47B",
"abs": "$1.47 billion",
"prior_value": 1168952000,
"prior": "$1.17 billion",
"priorabs": "$1.17 billion",
"yoy": "up 25.8%",
"source": {
"array": "quarterly",
"field": "income_statement.total_revenue",
"index": 0,
"period_label": "Q2 FY2027",
"period_end": "2026-07-31",
"period_start": "2026-05-01",
"span_days": 91,
"source_accession": "0001535527-26-000031",
"prior_index": 1,
"prior_period_label": "Q2 FY2026",
"prior_period_end": "2025-07-31",
"prior_period_start": "2025-05-01",
"prior_span_days": 91,
"prior_source_accession": "0001535527-26-000031",
"gap_days": 365
}
},
{
"label": "Net income",
"format": "usd",
"value": 5306000,
"text": "$5.31 million",
"exact": "$5,306,000",
"compact": "$5.31M",
"abs": "$5.31 million",
"prior_value": -70153000,
"prior": "-$70.15 million",
"priorabs": "$70.15 million",
"yoy": "swung from -$70.15 million",
"source": {
"array": "quarterly",
"field": "income_statement.net_income_attributable_to_common_stockholders",
"index": 0,
"period_label": "Q2 FY2027",
"period_end": "2026-07-31",
"period_start": "2026-05-01",
"span_days": 91,
"source_accession": "0001535527-26-000031",
"prior_index": 1,
"prior_period_label": "Q2 FY2026",
"prior_period_end": "2025-07-31",
"prior_period_start": "2025-05-01",
"prior_span_days": 91,
"prior_source_accession": "0001535527-26-000031",
"gap_days": 365
}
},
{
"label": "Diluted EPS",
"format": "eps",
"value": 0.01,
"text": "$0.01",
"exact": "$0.01",
"compact": "$0.01",
"abs": "$0.01",
"prior_value": -0.07,
"prior": "-$0.07",
"priorabs": "$0.07",
"yoy": "swung from -$0.07",
"source": {
"array": "quarterly",
"field": "income_statement.diluted_eps",
"index": 0,
"period_label": "Q2 FY2027",
"period_end": "2026-07-31",
"period_start": "2026-05-01",
"span_days": 91,
"source_accession": "0001535527-26-000031",
"prior_index": 1,
"prior_period_label": "Q2 FY2026",
"prior_period_end": "2025-07-31",
"prior_period_start": "2025-05-01",
"prior_span_days": 91,
"prior_source_accession": "0001535527-26-000031",
"gap_days": 365
}
},
{
"label": "Annual recurring revenue",
"format": "usd",
"value": 5841421000,
"text": "$5.84 billion",
"exact": "$5,841,421,000",
"compact": "$5.84B",
"abs": "$5.84 billion",
"prior_value": 4656682000,
"prior": "$4.66 billion",
"priorabs": "$4.66 billion",
"yoy": "up 25.4%",
"source": {
"array": "quarterly",
"field": "key_metrics.annual_recurring_revenue",
"index": 0,
"period_label": "Q2 FY2027",
"period_end": "2026-07-31",
"period_start": "2026-05-01",
"span_days": 91,
"source_accession": "0001535527-26-000031",
"prior_index": 1,
"prior_period_label": "Q2 FY2026",
"prior_period_end": "2025-07-31",
"prior_period_start": "2025-05-01",
"prior_span_days": 91,
"prior_source_accession": "0001535527-26-000031",
"gap_days": 365
}
},
{
"label": "Free cash flow",
"format": "usd",
"value": 377407000,
"text": "$377.41 million",
"exact": "$377,407,000",
"compact": "$377.41M",
"abs": "$377.41 million",
"prior_value": 283616000,
"prior": "$283.62 million",
"priorabs": "$283.62 million",
"yoy": "up 33.1%",
"source": {
"array": "quarterly",
"field": "cash_flow.free_cash_flow",
"index": 0,
"period_label": "Q2 FY2027",
"period_end": "2026-07-31",
"period_start": "2026-05-01",
"span_days": 91,
"source_accession": "0001535527-26-000029",
"prior_index": 1,
"prior_period_label": "Q2 FY2026",
"prior_period_end": "2025-07-31",
"prior_period_start": "2025-05-01",
"prior_span_days": 91,
"prior_source_accession": "0001535527-26-000029",
"gap_days": 365
}
}
],
"summary": "CrowdStrike Holdings reported $1.47 billion in revenue for Q2 FY2027, the quarter ended July 31, 2026, up 25.8% from a year earlier, and swung to net income of $5.31 million after a net loss of $70.15 million in the same quarter last year. Annual recurring revenue stood at $5.84 billion at the end of the quarter, up 25.4%, and free cash flow was $377.41 million, up 33.1%. The profit was slim and did not come from the operating line, where CrowdStrike was still losing money this quarter; interest income on its cash and investments more than covered that operating loss, leaving $0.01 per diluted share against a loss of $0.07 a share a year earlier. The operating loss narrowed on two items each larger than the profit itself: lower sales commission expense from a change in accounting estimate effective this fiscal year, which extended the period of benefit for commissions, and the absence of restructuring charges under the Strategic Plan that the year-ago quarter carried.",
"qa": [
{
"q": "How much revenue did CrowdStrike report in Q2 FY2027?",
"a": "CrowdStrike reported $1.47 billion in revenue for Q2 FY2027, the quarter ended July 31, 2026. That is up 25.8% from $1.17 billion in the same quarter a year earlier."
},
{
"q": "Is CrowdStrike profitable?",
"a": "CrowdStrike reported net income of $5.31 million, or $0.01 per diluted share, in Q2 FY2027, the quarter ended July 31, 2026, after a net loss of $70.15 million in the same quarter a year earlier. The profit was narrow, and CrowdStrike was still running a loss at the operating line in the quarter: interest income on its cash and investments covered that operating loss and is what left net income above zero. Two items bigger than the profit drove the narrowing of that operating loss: a change in accounting estimate that lengthened the period over which sales commissions are expensed, and the absence of the restructuring charges the year-ago quarter carried."
},
{
"q": "What is CrowdStrike's annual recurring revenue?",
"a": "CrowdStrike ended the quarter on July 31, 2026 with annual recurring revenue of $5.84 billion, up 25.4% from $4.66 billion a year earlier. Annual recurring revenue is the key operating measure CrowdStrike uses to track its subscription base, which supplies the large majority of its revenue."
},
{
"q": "How much free cash flow does CrowdStrike generate?",
"a": "CrowdStrike generated free cash flow of $377.41 million in Q2 FY2027, the quarter ended July 31, 2026, up 33.1% from $283.62 million a year earlier."
}
]
},
"company_details": {
"Name": "CrowdStrike Holdings, Inc.",
"Ticker": "CRWD",
"CIK": "0001535527",
"Exchange": "Nasdaq",
"State": "Texas",
"Incorporation": "Delaware",
"SIC": "7372",
"Office": "Technology",
"Industry": "Services-Prepackaged Software"
},
"next_filing": {
"predicted_date": "2026-11-25",
"predicted_type": "10-Q"
},
"fiscal_period": {
"fiscal_year": 2027,
"fiscal_period": "Q2",
"tag": "FY27Q2",
"period_end": "2026-07-31",
"form": "10-Q",
"accession": "0001535527-26-000031",
"fiscal_year_end": "0131",
"source": "facts"
}
}