Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
CrowdStrike (CRWD) delivered strong FY2026 revenue growth with gross profit rising 21.2% to $3.59B, but net losses deepened sharply to -$162.5M as operating expenses surged, while operating cash flow remained robust at $1.61B.
Cost of Revenue
$1.22B
+23.10% YoY
EPS (Diluted)
-$0.65
-983.33% YoY
Operating Income
-$293.29M
-151.97% YoY
Source: SEC XBRL
CrowdStrike Holdings (CRWD) reported FY2026 revenue of $1.22B, up 23.1% year over year. Operating cash flow was $1.61B, up 16.7% year over year.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Sep 2026 | 0.31 | 0.30 | Beat +3.8% |
| Jun 2026 | 0.28 | 0.27 | Beat +1.0% |
| Mar 2026 | 0.28 | 0.28 | Miss -0.4% |
| Dec 2025 | 0.24 | 0.24 | Beat +0.0% |
Compiled by AI from this SEC filing
Gross profit grew 21.2% year-over-year to $3.59B in FY2026, up from $2.96B in FY2025, reflecting continued scaling of CrowdStrike's cloud-native Falcon platform and strong subscription revenue retention. Gross margin remained healthy despite a 23.1% rise in cost of revenue to $1.22B.
Source: 10-K Income Statement
Operating loss widened significantly to -$293.3M in FY2026 from -$116.4M in FY2025, a deterioration of 152%, driven primarily by a 28.7% surge in R&D spending to $1.38B as the company continued to invest heavily in platform innovation and new module development.
Source: 10-K Income Statement
Despite GAAP losses, CrowdStrike generated $1.61B in operating cash flow in FY2026, up 16.7% from $1.38B in FY2025, underscoring the strength of its subscription-based business model and deferred revenue dynamics that support cash generation ahead of GAAP income recognition.
Source: 10-K Cash Flow Statement
Total assets grew 27.4% to $11.09B, with cash and equivalents of $5.23B providing substantial liquidity. The current ratio of 1.77 indicates the company can comfortably cover near-term obligations, and long-term debt remained essentially flat at $745.5M.
Source: 10-K Balance Sheet
Net loss expanded dramatically to -$162.5M in FY2026 from -$12.6M in FY2025, a 1,193% deterioration, with basic and diluted EPS falling to -$0.65 from -$0.06, reflecting elevated operating expenses and potentially higher non-operating costs during the fiscal year.
Source: 10-K Income Statement
Compiled by AI from this SEC filing · 3 high, 2 medium, 0 low
R&D expenses alone grew 28.7% to $1.38B in FY2026, contributing to a 152% widening of operating losses. If CrowdStrike cannot achieve operating leverage as it scales, sustained GAAP losses could pressure investor sentiment and limit financial flexibility over time.
Source: 10-K Income Statement
CrowdStrike's subscription model depends heavily on high renewal rates and upsell of additional Falcon modules. Any deterioration in net revenue retention—particularly following high-profile incidents such as the July 2024 sensor update outage—could materially impact future revenue and cash flow.
Source: 10-K Income Statement / Balance Sheet
The July 2024 Falcon sensor update caused widespread IT outages for customers globally, exposing CrowdStrike to potential litigation, customer churn, and reputational damage. Legal and remediation costs associated with such incidents could materially affect future financial results.
Source: 10-K (Inferred from FY2026 period context)
CrowdStrike's debt-to-equity ratio stands at 1.49, meaning total liabilities of $6.61B significantly exceed stockholders' equity of $4.43B. While long-term debt is modest at $745.5M, the overall leverage profile warrants monitoring, especially in a rising interest rate environment.
Source: 10-K Balance Sheet
ROE of -3.67% and ROA of -1.47% reflect that the company is not yet generating positive returns on its asset base or shareholder capital on a GAAP basis. Continued investment cycles without a clear path to GAAP profitability may concern value-oriented investors.
Source: 10-K Key Ratios
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Cost of Revenue $B | 1.22 $B | 0.99 $B | +23.10% |
Gross Profit $B | 3.59 $B | 2.96 $B | +21.25% |
Operating Income $M | -293.29 $M | -116.40 $M | -151.97% |
Net Income $M | -162.50 $M | -12.57 $M | -1193.19% |
EPS (Basic) $ | -0.65 $ | -0.06 $ | -983.33% |
EPS (Diluted) $ | -0.65 $ | -0.06 $ | -983.33% |
R&D Expense $B | 1.38 $B | 1.08 $B | +28.75% |
Answers draw on this SEC filing and the data on this page
CrowdStrike returned to a narrow net profit in Q2 FY2027 as subscription revenue grew 27% and ARR climbed 25% to $5.8 billion, though the July 19 Incident continues to create sales headwinds.
In Q1 FY2027, CrowdStrike grew revenue 26% YoY to $1.4B, returned to $27.8M of net income attributable to CrowdStrike, and expanded gross margin to 75%, although it remained operating-loss-making and continues to face material July 19 Incident-related commercial and legal risks. Source: 10-Q Item 2 MD&A, pp.40-44.
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