At a glance
Crowdstrike Holdings Inc is worth $247.60B. Revenue grew 21.7% to $4.81B in fiscal 2026, at a loss; over 5 years it has grown 40.6% a year. It pays no dividend. The stock returned +78.1% over the past year with dividends reinvested and +29.3% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 50.0% in the 2020 crash (S&P 500: 33.7%) and 42.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 1 month and 19 months after the lows.
The business in plain English
Founded in 2011, CrowdStrike sells cybersecurity software that helps organizations stop hackers. Its core product, the Falcon platform, is sold as software as a service (SaaS): customers pay a subscription and use it over the internet. A single small program, which the company calls a sensor, runs on each endpoint (a laptop, desktop or server) and each cloud workload (an application running in a cloud data center). It sends security data to CrowdStrike's cloud, where artificial intelligence (AI) and human experts spot and block attacks.
As of its annual report filed March 5, 2026, CrowdStrike offered 33 cloud modules on Falcon. They cover areas such as endpoint and cloud security, identity protection, managed security services, threat intelligence, log management and protection for AI systems. Customers subscribe to the modules they need, and CrowdStrike records that revenue gradually over each subscription's term. Growth comes from winning new customers, keeping existing ones and selling them extra modules. Customers include government organizations, and resellers and other partners also sell the platform.
In the fiscal year ended January 31, 2026, revenue was $4.81 billion, up 21.7% from the prior year. The United States produced 66.8% of that revenue; Europe, the Middle East and Africa 16.3%; Asia Pacific 10.3%; and other regions 6.6%.
Price history
The interactive chart needs JavaScript.
CRWD +78.1% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By geography
| United States | $3.22B | 66.8% |
| Europe, Middle East, and Africa | $782.7M | 16.3% |
| Asia Pacific | $495.7M | 10.3% |
| Other | $317.0M | 6.6% |
Latest results
- In Q2 FY2027 (ended Jul 31, 2026), revenue was $1.47B, up 25.8% from a year earlier, and net income was $5.3M.
- For fiscal 2026, revenue was $4.81B (+21.7% year over year; +40.6% a year from FY2021 to FY2026) with a -3.4% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +40.6% good |
|---|---|
| Operating margin | -6.1% weak |
| Free cash flow margin | 27.2% good |
| Return on equity (FY2026) | -3.7% weak |
| Return on assets (FY2026) | -1.5% weak |
| Net cash (cash minus debt) | $4.27B good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $874.4M | $-92.6M | $303.8M |
| FY2022 | $1.45B | $-234.8M | $462.6M |
| FY2023 | $2.24B | $-183.2M | $706.0M |
| FY2024 | $3.06B | $72.2M | $989.7M |
| FY2025 | $3.95B | $-15.2M | $1.13B |
| FY2026 | $4.81B | $-162.5M | $1.31B |
Valuation snapshot
| Market value | $247.60B |
|---|---|
| P/E ratio | — |
| Dividend yield | None |
Rank among 1514 US companies
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| CRWD price data to Nov 2, 2026 | +106.3% | +78.1% | +74.3% | +29.3% | — |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +106.3% |
| 2025 | +37.0% |
| 2024 | +34.0% |
| 2023 | +142.5% |
| 2022 | -48.6% |
| 2021 | -3.3% |
| 2020 | +324.7% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 22.1% over that stretch · deepest drop along the way 50%, back to its old high 1.1 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 22.9% over that stretch · deepest drop along the way 42.7%, back to its old high 18.9 months after the low |
Insider activity
Form 4 filings from 2025-11-03 to 2026-11-03 (25 read): 0 open-market purchases and 366 sales ($320.7M), 361 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Sep 24, 2026 | Burt W. Podbere CHIEF FINANCIAL OFFICER | sell (plan) | $30.0M |
| Sep 24, 2026 | Burt W. Podbere CHIEF FINANCIAL OFFICER | sell (plan) | $19.2M |
| Sep 24, 2026 | Burt W. Podbere CHIEF FINANCIAL OFFICER | sell (plan) | $18.1M |
| Sep 30, 2026 | Michael Sentonas PRESIDENT | sell (plan) | $16.4M |
| Sep 24, 2026 | Burt W. Podbere CHIEF FINANCIAL OFFICER | sell (plan) | $16.3M |
Who owns it
Large shareholders (13G filings)
| Vanguard Capital Management | 7.27% | Mar 31, 2026 |
ETFs with the most weight in CRWD
| CIBR First Trust NASDAQ Cybersecurity ETF | 7.63% |
| BUG Global X Cybersecurity ETF | 7.15% |
| HACK Amplify Cybersecurity ETF | 5.6% |
| WCBR WisdomTree Cybersecurity Fund | 5.53% |
| TXS Texas Capital Texas Equity Index ETF | 5.11% |
| XDAT Franklin Exponential Data ETF | 4.74% |
| SPAM Themes Cybersecurity ETF | 4.67% |
| PSWD Xtrackers Cybersecurity Select Equity ETF | 4.53% |
What could go wrong
- Fallout from the July 19 Incident. CrowdStrike says an event it calls the July 19 Incident has hurt its sales, customer and partner relationships, reputation and financial results, and the company expects that damage to continue.
- A missed attack or software flaw. Customers pay CrowdStrike to stop breaches. If its software misses an attack, or has bugs or security holes, its brand and sales could suffer. It has faced warranty and product-defect claims in the past.
- Hackers target the security company itself. As a cybersecurity provider, CrowdStrike has been a target of cyberattacks and expects to remain one. A breach of its own systems, or those of its service providers, could badly damage trust in its products.
- Growth relies on renewals and add-ons. Revenue depends on customers renewing subscriptions and adding modules. Because subscription revenue is recorded over time, a slowdown in new sales may not show up in results right away.
- Tough competition and pressure on prices. CrowdStrike could lose market share to rivals. Price competition could also shrink its gross margin, the share of revenue left after direct costs, which was 74.7% in the fiscal year ended January 31, 2026.
- Still not consistently profitable. CrowdStrike has a history of losses. It earned a profit in fiscal 2024 but posted a net loss of $162.5 million on $4.81 billion of revenue in the fiscal year ended January 31, 2026.
Recent events
- Quarterly results released
- Bylaws or fiscal year changed; Shareholder vote results
- Quarterly results released; Other company announcement
- Executive or board change; Investor presentation or announcement
- Other company announcement
- Quarterly results released
- Executive or board change; Investor presentation or announcement
- Quarterly results released
For income and retirement investors
CrowdStrike pays no dividend, and its annual report says it does not plan to pay one in the foreseeable future, so returns depend on the share price. For someone living off portfolio income, the stock provides no regular payments; any cash would have to come from selling shares. It has a share repurchase program, yet shares outstanding rose 2.7% between May 29, 2025 and August 20, 2026. It does generate cash: free cash flow (cash left after running the business and paying for equipment) was $1.31 billion in the fiscal year ended January 31, 2026.
In the 2020 COVID crash, the stock fell 50% but recovered within about a month. In the 2022 bear market (a market drop of 20% or more), it fell 42.7% and took about 19 months to regain its earlier peak. As of October 27, 2026, its deepest fall since its shares began trading was 67.7%. Single stocks carry more risk than diversified funds.
Questions investors ask
How does CrowdStrike make money?
CrowdStrike makes money by selling subscriptions to its Falcon cybersecurity platform. Customers install a small program, called a sensor, on laptops, servers and cloud systems. They then pay for the modules they want, such as endpoint protection, identity protection, threat intelligence or log management. As of its annual report filed March 5, 2026, it offered 33 modules. Revenue was $4.81 billion in the fiscal year ended January 31, 2026, with 66.8% coming from the United States.
Does CrowdStrike pay a dividend?
No. CrowdStrike does not pay a dividend, and its annual report says it does not intend to pay one in the foreseeable future. Shareholders earn a return only if the share price rises. That may not suit investors who depend on dividend income. The company has a share repurchase program, but shares outstanding rose 2.7% between May 29, 2025 and August 20, 2026.
Is CrowdStrike profitable?
Not consistently. CrowdStrike posted a net loss of $162.5 million on revenue of $4.81 billion in the fiscal year ended January 31, 2026. It earned a profit of $72.2 million in fiscal 2024 (the year ended January 31, 2024) and $5.3 million in the quarter ended July 31, 2026. The business does produce cash: free cash flow, meaning cash from operations minus spending on equipment, was $1.31 billion in fiscal 2026, or 27.2% of revenue.
How volatile is CrowdStrike stock?
Very volatile. In the year to October 27, 2026, its volatility, a measure of how widely the price swings, was 55.3%. Its beta was 1.6, meaning it tended to move about 1.6 times as much as the broad market. It lost 48.6% in 2022, then gained 142.5% in 2023. Its deepest drop since its shares began trading was 67.7%. Over the five years to October 27, 2026, its share price rose 30.9% a year on average.
Which ETFs hold CrowdStrike stock?
At least 219 exchange-traded funds (ETFs) hold CrowdStrike. It carries the most weight in cybersecurity funds, including First Trust NASDAQ Cybersecurity ETF (CIBR) at 7.63% of assets, Global X Cybersecurity ETF (BUG) at 7.15%, Amplify Cybersecurity ETF (HACK) at 5.6% and WisdomTree Cybersecurity Fund (WCBR) at 5.53%. Those weights shift as prices move. A fund like these spreads money across many companies, though all in one industry.