CrowdStrike Holdings (CRWD)
NASDAQ:CRWD
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CrowdStrike Holdings
(NASDAQ:CRWD)
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Rating:69Neutral
Price Target:
$429.00
▲(11.18% Upside)
Action:ReiteratedDate:03/04/26
The score is led by strong financial quality in cash generation and balance sheet strength, reinforced by upbeat guidance and ARR momentum from the latest earnings call. These positives are tempered by weak technical trend signals (below key moving averages with negative MACD) and an unfavorable valuation signal from a negative P/E and no dividend yield support.
Positive Factors
Strong recurring ARR scale
CrowdStrike's $5.25B ARR at ~24% growth reflects a large, subscription-based revenue base that provides durable revenue visibility and predictable renewal streams. Scale reduces per-customer sales/marketing intensity, enabling sustained investment in product and go-to-market for multi-year growth.
Negative Factors
Uneven GAAP profitability
Despite top-line scale and strong non-GAAP metrics, recurring GAAP losses and negative EBITDA in FY2026 show earnings volatility. Persistent GAAP losses can constrain returns on equity, complicate investor assessment, and make sustained margin improvement dependent on execution versus accounting adjustments.
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Positive Factors
Negative Factors
Strong recurring ARR scale
CrowdStrike's $5.25B ARR at ~24% growth reflects a large, subscription-based revenue base that provides durable revenue visibility and predictable renewal streams. Scale reduces per-customer sales/marketing intensity, enabling sustained investment in product and go-to-market for multi-year growth.
Read all positive factors
CrowdStrike Holdings (CRWD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$97.86B
Dividend YieldN/A
Average Volume (3M)4.63M
Price to Earnings (P/E)―
Beta (1Y)1.80
Revenue Growth22.05%
EPS Growth-341.24%
CountryUS
Employees10,118
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)1.12
Shares Outstanding253,614,090
10 Day Avg. Volume3,521,494
30 Day Avg. Volume4,628,836
Financial Highlights & Ratios
PEG Ratio-0.95
Price to Book (P/B)25.18
Price to Sales (P/S)23.17
P/FCF Ratio85.09
Enterprise Value/Market Cap0.97
Enterprise Value/Revenue19.78
Enterprise Value/Gross Profit26.42
Enterprise Value/Ebitda852.26
Forecast
1Y Price Target
$484.33Price Target Upside25.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering36
EPS Forecast (FY)4.86
Revenue Forecast (FY)$5.90B
CrowdStrike Holdings Business Overview & Revenue Model
Company Description
CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protec...
How the Company Makes Money
CrowdStrike generates revenue primarily through a subscription-based model, where customers pay for access to its Falcon platform and its suite of cybersecurity services. The company offers various subscription tiers based on the level of protecti...
CrowdStrike Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyCrowdStrike Holdings Earnings Call Summary
Earnings Call Date:Mar 03, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jun 09, 2026
Earnings Call Sentiment Positive
The call presents strong, broad-based operational momentum: record quarterly and annual ARR growth, milestone scale (crossing $5.25B ARR), accelerating net new ARR (Q4 +47% YoY), improving margins and record free cash flow and operating income. Product and go-to-market successes — notably Falcon Flex adoption, Next-Gen SIEM/cloud/identity expansion, endpoint acceleration driven by AI, partner marketplace traction with AWS and Microsoft, and early traction for AIDR — underpin the growth thesis. Manageable near-term negatives include integration costs and limited immediate contribution from recent acquisitions, accounting changes that boost non-GAAP metrics, seasonal second-quarter weakness, and ongoing market/competitive risks from rapid AI/LLM evolution. Overall the positive operational and financial momentum significantly outweighs these manageable near-term headwinds.Positive Updates
Record Net New ARR and FY Milestone
Q4 net new ARR of $330.7M (reported as $331M), up 47% year-over-year; FY '26 net new ARR of $1.01B, up 25% year-over-year — the first year delivering over $1B of net new ARR.
Negative Updates
Acquisition Integration Costs and Limited Near-Term Organic Contribution
Recent acquisitions (SGNL and Seraphic) are expected to contribute only $5M–$8M of acquired net new ARR in Q1 and minimal organic contribution for the remainder of FY '27 as CrowdStrike prioritizes native integration; integration-related operating expenses are expected to be $74M–$80M in FY '27.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Net New ARR and FY Milestone
Q4 net new ARR of $330.7M (reported as $331M), up 47% year-over-year; FY '26 net new ARR of $1.01B, up 25% year-over-year — the first year delivering over $1B of net new ARR.
Read all positive updates
Company Guidance
CrowdStrike guided Q1 FY27 ARR of $5.502–$5.504 billion (≈24% YoY), implying net new ARR of $249–$251 million (≈29–30% YoY), total revenue of $1.360–$1.364 billion (≈23–24% YoY), non‑GAAP operating income of $308–$310 million, non‑GAAP net income attributable of $275–$277 million and diluted non‑GAAP EPS of $1.06–$1.07 (using a 21.0% tax rate and ~259M diluted shares); for full FY27 they guided ARR of $6.466–$6.516 billion (23–24% YoY), net new ARR of $1.213–$1.264 billion (20–25% YoY), total revenue of $5.868–$5.928 billion (22–23% growth), non‑GAAP operating income of $1.422–$1.462 billion, non‑GAAP net income of $1.241–$1.271 billion and non‑GAAP EPS of $4.78–$4.90 (21.0% tax rate, ~260M shares); additional assumptions include Q1 free cash flow margin ~33% and ≥30% for the year, FCF seasonal mix 43% H1/57% H2 (Q2 seasonally lowest), capex 7–8% of revenue (front‑loaded), interest income $160–$170 million, partner rebates ≈0.8% of revenue, a change in sales commission amortization to 5 years boosting FY27 non‑GAAP operating income by $85–$95 million, incremental acquisition‑related operating expenses of $74–$80 million (SGNL, Seraphic, Onum, Pangea), SGNL+Seraphic estimated to add $5–$8 million of acquired ARR in Q1, and approximately $950 million remaining on the share repurchase authorization after ~144k shares bought.CrowdStrike Holdings Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
78
Positive
Cash Flow
86
Very Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.81B | 3.95B | 3.06B | 2.24B | 1.45B |
| Gross Profit | 3.59B | 2.96B | 2.30B | 1.64B | 1.07B |
| EBITDA | 119.92M | 294.80M | 293.83M | -40.75M | -65.98M |
| Net Income | -162.50M | -19.27M | 89.33M | -183.25M | -234.80M |
Balance Sheet | |||||
| Total Assets | 11.09B | 8.70B | 6.65B | 5.03B | 3.62B |
| Cash, Cash Equivalents and Short-Term Investments | 5.23B | 4.32B | 3.47B | 2.71B | 2.00B |
| Total Debt | 820.08M | 788.90M | 792.87M | 783.62M | 774.72M |
| Total Liabilities | 6.61B | 5.38B | 4.31B | 3.54B | 2.58B |
| Stockholders Equity | 4.43B | 3.28B | 2.30B | 1.46B | 1.03B |
Cash Flow | |||||
| Free Cash Flow | 1.31B | 1.07B | 929.10M | 674.57M | 441.10M |
| Operating Cash Flow | 1.61B | 1.38B | 1.17B | 941.01M | 574.78M |
| Investing Cash Flow | -764.48M | -536.59M | -340.65M | -556.66M | -564.52M |
| Financing Cash Flow | 132.45M | 107.21M | 93.16M | 77.44M | 72.53M |
CrowdStrike Holdings Technical Analysis
Negative
385.86
Price Trends
421.49
Negative
463.01
Negative
466.54
Negative
Market Momentum
-3.05
Positive
38.33
Neutral
9.18
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRWD, the sentiment is Negative. The current price of 385.86 is below the 20-day moving average (MA) of 415.51, below the 50-day MA of 421.49, and below the 200-day MA of 466.54, indicating a bearish trend. The MACD of -3.05 indicates Positive momentum. The RSI at 38.33 is Neutral, neither overbought nor oversold. The STOCH value of 9.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CRWD.
CrowdStrike Holdings Risk Analysis
CrowdStrike Holdings disclosed 59 risk factors in its most recent earnings report. CrowdStrike Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CrowdStrike Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $125.03B | 71.18 | 15.49% | ― | 15.30% | -60.71% | |
72 Outperform | $58.37B | 31.84 | 123.64% | ― | 14.78% | 22.52% | |
69 Neutral | $97.86B | -686.05 | -4.68% | ― | 22.05% | -341.24% | |
66 Neutral | $22.42B | -232.70 | -3.48% | ― | 23.24% | -8.83% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $4.55B | -10.24 | -29.84% | ― | 24.09% | -34.25% | |
57 Neutral | $76.73B | -671.68 | -7.48% | ― | 28.06% | -7.44% |
* Technology Sector Average
CRWD
CrowdStrike Holdings
385.86
19.30
5.27%
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CrowdStrike Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
CrowdStrike Grants CEO New Performance-Based Equity Award
Positive
Dec 29, 2025
On December 22, 2025, CrowdStrike’s independent directors approved a new performance-based equity award for President and CEO George Kurtz under the company’s 2019 Equity Incentive Plan, granting a target of 300,000 performance stock u...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.