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CrowdStrike (CRWD)

Market Price (4/4/2026): $398.55 | Market Cap: $100.7 Bil
Sector: Information Technology | Industry: Systems Software

CrowdStrike (CRWD)

Market Price (4/4/2026): $398.55
Market Cap: $100.7 Bil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%

Low stock price volatility
Vol 12M is 45%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Autonomous Technologies, Cybersecurity, and Cloud Computing. Show more.

Weak multi-year price returns
2Y Excs Rtn is -0.8%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -293 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.1%

Expensive valuation multiples
P/SPrice/Sales ratio is 21x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 63x

Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.1%

Key risks
CRWD key risks include [1] its high stock valuation, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%
1 Low stock price volatility
Vol 12M is 45%
2 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, Autonomous Technologies, Cybersecurity, and Cloud Computing. Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -0.8%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -293 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -6.1%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 21x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 63x
6 Significant share based compensation
SBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.1%
8 Key risks
CRWD key risks include [1] its high stock valuation, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

CrowdStrike (CRWD) stock has lost about 15% since 12/31/2025 because of the following key factors:

1. Market Re-evaluation of High-Valuation Growth Stocks.

CrowdStrike's stock, trading at elevated earnings and cash flow multiples, experienced a market re-rating with investors becoming more cautious about high-growth technology companies, leading to an approximate 16.09% decline since December 31, 2025.

2. Uncertainty from AI Disruption.

Fears surrounding the disruptive potential of Artificial Intelligence in the cybersecurity industry contributed to the re-evaluation of CrowdStrike's stock. This broader market sentiment reflected concerns about how rapidly evolving AI technologies might reshape the competitive landscape, impacting long-term growth expectations for even leading cybersecurity platforms.

Show more

Stock Movement Drivers

Fundamental Drivers

The -14.9% change in CRWD stock from 12/31/2025 to 4/3/2026 was primarily driven by a -18.8% change in the company's P/S Multiple.
(LTM values as of)123120254032026Change
Stock Price ($)468.76399.12-14.9%
Change Contribution By: 
Total Revenues ($ Mil)4,5654,8125.4%
P/S Multiple25.821.0-18.8%
Shares Outstanding (Mil)251253-0.5%
Cumulative Contribution-14.9%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/3/2026
ReturnCorrelation
CRWD-14.9% 
Market (SPY)-5.4%28.4%
Sector (XLK)-5.5%42.2%

Fundamental Drivers

The -18.6% change in CRWD stock from 9/30/2025 to 4/3/2026 was primarily driven by a -25.8% change in the company's P/S Multiple.
(LTM values as of)93020254032026Change
Stock Price ($)490.38399.12-18.6%
Change Contribution By: 
Total Revenues ($ Mil)4,3414,81210.8%
P/S Multiple28.221.0-25.8%
Shares Outstanding (Mil)250253-1.1%
Cumulative Contribution-18.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/3/2026
ReturnCorrelation
CRWD-18.6% 
Market (SPY)-2.9%43.4%
Sector (XLK)-3.4%53.7%

Fundamental Drivers

The 13.2% change in CRWD stock from 3/31/2025 to 4/3/2026 was primarily driven by a 21.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120254032026Change
Stock Price ($)352.58399.1213.2%
Change Contribution By: 
Total Revenues ($ Mil)3,9544,81221.7%
P/S Multiple22.021.0-4.9%
Shares Outstanding (Mil)247253-2.2%
Cumulative Contribution13.2%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/3/2026
ReturnCorrelation
CRWD13.2% 
Market (SPY)16.3%58.2%
Sector (XLK)32.3%64.6%

Fundamental Drivers

The 190.8% change in CRWD stock from 3/31/2023 to 4/3/2026 was primarily driven by a 114.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120234032026Change
Stock Price ($)137.26399.12190.8%
Change Contribution By: 
Total Revenues ($ Mil)2,2414,812114.7%
P/S Multiple14.421.045.5%
Shares Outstanding (Mil)235253-6.9%
Cumulative Contribution190.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/3/2026
ReturnCorrelation
CRWD190.8% 
Market (SPY)63.3%53.0%
Sector (XLK)83.6%59.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CRWD Return-3%-49%142%34%37%-16%86%
Peers Return66%-44%75%12%-1%-17%49%
S&P 500 Return27%-19%24%23%16%-4%75%

Monthly Win Rates [3]
CRWD Win Rate67%33%83%67%50%50% 
Peers Win Rate69%33%63%57%53%25% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CRWD Max Drawdown-18%-51%-10%-15%-10%-25% 
Peers Max Drawdown-10%-48%-10%-17%-18%-23% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: PANW, MSFT, S, ZS, FTNT. See CRWD Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/2/2026 (YTD)

How Low Can It Go

Unique KeyEventCRWDS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-67.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven209.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven381 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-50.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven100.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven35 days148 days

Compare to PANW, MSFT, S, ZS, FTNT

In The Past

CrowdStrike's stock fell -67.7% during the 2022 Inflation Shock from a high on 11/9/2021. A -67.7% loss requires a 209.5% gain to breakeven.

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About CrowdStrike (CRWD)

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 protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners. It serves customers worldwide. The company was incorporated in 2011 and is based in Austin, Texas.

AI Analysis | Feedback

Here are 1-3 brief analogies for CrowdStrike:

  • Salesforce.com for cybersecurity
  • A modern, enterprise-focused Symantec

AI Analysis | Feedback

  • CrowdStrike Falcon Platform: A comprehensive, cloud-delivered security platform that provides protection across endpoints, cloud workloads, identity, and data.
  • Threat Intelligence: Services offering insights into current and emerging cyber threats and adversaries.
  • Managed Security Services: Outsourced services providing expert monitoring, management, and response to security incidents.
  • IT Operations Management: Tools and services designed to streamline and optimize the management of IT infrastructure and operations.
  • Threat Hunting: Proactive services dedicated to searching for and detecting advanced, hidden threats within an organization's environment.
  • Zero Trust Identity Protection: Services implementing security principles to verify every user and device attempting to access resources, regardless of their location.
  • Log Management: Services for collecting, storing, and analyzing security and operational log data to enhance visibility and aid in threat detection.

AI Analysis | Feedback

CrowdStrike (CRWD) Major Customers

CrowdStrike Holdings, Inc. operates primarily on a business-to-business (B2B) model, providing its cloud-delivered cybersecurity solutions and services to a diverse range of companies and organizations worldwide.

Due to the sensitive nature of cybersecurity and common industry practices, CrowdStrike does not publicly disclose the specific names of its individual major customers. Furthermore, the company has consistently stated in its SEC filings that no single customer accounted for 10% or more of its total revenue in recent fiscal years, indicating a broad and diversified customer base rather than reliance on a few named major clients.

However, CrowdStrike's customer base spans various industries and organizational sizes. Its key customer categories, representing the types of organizations that utilize its Falcon platform and modules, include:

  • Large Enterprises: Global corporations and multinational organizations across various sectors, requiring comprehensive protection for extensive and complex IT environments, including endpoints, cloud workloads, identity, and data.
  • Small and Medium-sized Businesses (SMBs): Businesses that need enterprise-grade cybersecurity capabilities to defend against sophisticated threats, often without the extensive in-house security teams of larger corporations.
  • Government Agencies: Federal, state, and local government entities that leverage CrowdStrike's solutions for advanced threat detection, prevention, and response to protect critical infrastructure and sensitive data.
  • Financial Services: Banks, investment firms, and other financial institutions that face high volumes of cyberattacks and operate under strict regulatory compliance requirements.
  • Healthcare Organizations: Hospitals, clinics, pharmaceutical companies, and other healthcare providers safeguarding patient data (PHI) and critical operational systems from breaches and ransomware.
  • Technology Companies: Software providers, cloud service providers, and other firms within the technology sector that require robust security to protect their intellectual property, customer data, and SaaS platforms.

AI Analysis | Feedback

  • Amazon (AMZN)

AI Analysis | Feedback

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George Kurtz, CEO and Founder

George Kurtz is the co-founder and CEO of CrowdStrike. An internationally recognized security expert, author, entrepreneur, and speaker, he has over 30 years of experience in the security space. Prior to co-founding CrowdStrike, Mr. Kurtz founded and served as CEO of Foundstone, a worldwide security products and services company that was acquired by McAfee in October 2004. He subsequently held roles at McAfee, a $2.5 billion security company, including Worldwide Chief Technology Officer, General Manager, and EVP of Enterprise.

Burt Podbere, Chief Financial Officer

Burt Podbere serves as the Chief Financial Officer at CrowdStrike, having joined in 2015. He has been instrumental in guiding the company's financial strategy through significant growth, including successfully leading its Initial Public Offering (IPO) in 2019. Mr. Podbere has a distinguished track record of guiding businesses through critical financial milestones, including multiple successful acquisitions and public offerings. Before joining CrowdStrike, he served as CFO at OpenDNS (acquired by Cisco) and Amobee (acquired by Singtel). He also held a CFO position at Net Optics, Inc.

Michael Sentonas, President

Michael Sentonas is the President of CrowdStrike, overseeing product and go-to-market functions. He previously served as the Chief Technology Officer (CTO) and Vice President of Technology Strategy at CrowdStrike. With over 20 years of experience in cybersecurity, Mr. Sentonas held multiple executive roles at McAfee (formerly Intel Security), including Chief Technology Officer – Security Connected and Chief Technology and Strategy Officer for Asia Pacific, prior to joining CrowdStrike in 2016.

Daniel Bernard, Chief Business Officer

Daniel Bernard was appointed Chief Business Officer at CrowdStrike in January 2023. In this role, he is responsible for driving revenue from the company's global channel and accelerating momentum in its partner ecosystem and SMB go-to-market strategy. Mr. Bernard previously served as Chief Marketing Officer at SentinelOne, bringing extensive experience with high-growth, disruptive cloud, and SaaS businesses to CrowdStrike.

Raj Rajamani, Chief Product Officer, DICE

Raj Rajamani joined CrowdStrike as Chief Product Officer, DICE (Data, Identity, Cloud, Endpoint) in January 2023. He is responsible for product strategy, management, and delivery across CrowdStrike's core platform offerings, including XDR, EDR, cloud security, identity threat protection, and data protection. Prior to CrowdStrike, Mr. Rajamani was the Chief Product Officer at SentinelOne and has held key product and technology leadership roles at McAfee, Marketo, and Cylance.

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AI Analysis | Feedback

The key risks to CrowdStrike's business are:

1. Operational and Reputational Damage from Service Disruptions

CrowdStrike faces significant risk from service interruptions or software vulnerabilities, which can lead to widespread operational and reputational damage. A notable instance occurred on July 19, 2024, when a routine update to its Falcon software caused a global IT outage, affecting millions of Windows devices and leading to substantial disruption and financial losses for businesses worldwide. This incident highlighted vulnerabilities in interconnected digital systems, exposed clients to security weaknesses during downtime, and increased regulatory scrutiny on cybersecurity providers and third-party IT risk management. Such events can result in regulatory non-compliance risks, potential legal and financial repercussions, and a loss of customer trust.

2. Intense Competition in the Cybersecurity Market

CrowdStrike operates in a highly dynamic and competitive cybersecurity landscape, facing significant competition from both established technology giants (such as Microsoft, Palo Alto Networks, and Cisco) and specialized security firms. The market is characterized by rapid innovation and evolving threat landscapes, demanding continuous adaptation. This intense competition can exert pressure on CrowdStrike's pricing, market share, and profitability, particularly if the company is unable to continually enhance its offerings and attract and retain customers.

3. High Valuation and Macroeconomic Sensitivity

CrowdStrike's stock currently trades at a premium valuation, which exposes it to significant downside risk if growth expectations are not met or if broader macroeconomic conditions deteriorate. The company makes substantial investments in research and development and aggressively expands its sales force to capture market share, which can put pressure on near-term margins. A high valuation makes the company's stock particularly sensitive to any perceived slowdown in its impressive growth trajectory or negative shifts in market sentiment due to economic uncertainties, potentially leading to delayed purchasing decisions and elongated sales cycles.

AI Analysis | Feedback

The aggressive expansion and integration of comprehensive security solutions by major technology platforms, most notably Microsoft, leveraging their existing operating system, cloud infrastructure, and identity management dominance to offer deeply integrated and potentially cost-effective alternatives to standalone cybersecurity vendors like CrowdStrike.

AI Analysis | Feedback

CrowdStrike (CRWD) operates within the global cybersecurity market, offering cloud-delivered protection across endpoints, cloud workloads, identity, and data, along with various security services.

The company has estimated its total addressable market (TAM) to be approximately $149 billion in 2026. This market is projected to expand significantly, reaching an estimated $325 billion by 2030.

These market size estimates encompass CrowdStrike's various offerings, including data protection, threat intelligence, identity protection, cloud security, observability, managed services, IT operations, and endpoint security.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for CrowdStrike (CRWD) over the next 2-3 years:
  1. Expansion of the Falcon Platform and Module Adoption: CrowdStrike's strategy centers on enhancing and expanding its cloud-native Falcon platform to encompass a broader range of cybersecurity needs, including cloud security, identity protection, and data protection. The company aims to drive revenue growth by increasing the adoption of multiple modules within its existing customer base, encouraging platform consolidation and replacing legacy security tools. As of April 30, 2025, 48% of customers utilized six or more modules, an increase from the previous year, demonstrating a trend towards deeper platform adoption.
  2. AI-driven Innovation and Solutions: Artificial intelligence (AI) and machine learning (ML) are core to CrowdStrike's innovation strategy, enhancing threat detection, response, and proactive threat hunting capabilities. The company views the "AI revolution" as a generational growth opportunity, leveraging AI within its entire platform and introducing AI-powered features like Charlotte AI to automate security operations. This focus on AI is expected to drive elevated demand for the Falcon platform and accelerate business growth.
  3. Growth of the Falcon Flex Subscription Model: The Falcon Flex subscription model is a significant driver of Annual Recurring Revenue (ARR) growth. This model allows customers to commit upfront and then dynamically adjust spending and adopt new modules without extensive procurement friction. This flexibility has led to deeper platform usage, larger deals, and a substantial increase in ARR from Flex accounts, which grew over 120% year-over-year in fiscal year 2026.
  4. Geographical Expansion: CrowdStrike is actively pursuing geographical expansion, particularly targeting international markets in regions such as Europe, the Middle East, and Asia-Pacific. This strategy aims to broaden the company's global footprint, reach underserved customers, and capitalize on the increasing demand for advanced cybersecurity solutions worldwide.
  5. Strategic Acquisitions and New Product/Service Launches: CrowdStrike utilizes strategic acquisitions to integrate advanced security capabilities and expand its offerings. Recent acquisitions, such as SGNL.ai (identity security) and Seraphic Security (browser runtime security), are examples of how the company is broadening its service portfolio. The launch of new products and services, like Falcon ID for stronger multi-factor authentication, also contributes to revenue growth by expanding the platform's capabilities and addressing evolving threat landscapes.

AI Analysis | Feedback

Share Repurchases

  • CrowdStrike's board of directors authorized a share repurchase program of up to $1 billion of its common stock on June 3, 2025.
  • Between November 1, 2025, and March 2, 2026, the company repurchased 143,801 shares for $50.6 million under this program.
  • As of March 3, 2026, $949.4 million remained available for future repurchases under the authorization.

Share Issuance

  • CrowdStrike had a net common equity issued/repurchased of $104 million for the fiscal year ending January 31, 2025.
  • The company reported a net common equity issued/repurchased of $85 million for the fiscal year ending January 31, 2024.
  • In the fiscal year ending January 31, 2023, the net common equity issued/repurchased was $68 million.

Outbound Investments

  • CrowdStrike completed the acquisition of SecureCircle in November 2021, expanding its Zero Trust security capabilities to data.
  • Around November 2024, CrowdStrike announced its intent to acquire Adaptive Shield for approximately $300 million, aimed at enhancing identity-based protection across the cloud ecosystem.
  • In February 2026, CrowdStrike acquired identity-security startup SGNL for $740 million.

Capital Expenditures

  • CrowdStrike's capital expenditures amounted to -$370.9 million for the fiscal year ending January 31, 2026.
  • For the trailing twelve months ended October 2025, capital expenditures were -$356.05 million.
  • Management anticipates capital expenditures to be 7%-8% of revenue in fiscal 2027, with a primary focus on scaling its cloud architecture for high-speed data processing and real-time analytics.

Better Bets vs. CrowdStrike (CRWD)

Latest Trefis Analyses

Trade Ideas

Select ideas related to CRWD.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PANW_3312026_Insider_Buying_GTE_1Mil_EBITp+DE_V203312026PANWPalo Alto NetworksInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		0.0%0.0%0.0%
ALKT_3312026_Insider_Buying_45D_2Buy_200K03312026ALKTAlkami TechnologyInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days		0.0%0.0%0.0%
DBX_3272026_Dip_Buyer_FCFYield03272026DBXDropboxDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		2.6%2.6%0.0%
DLB_3272026_Dip_Buyer_FCFYield03272026DLBDolby LaboratoriesDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		3.5%3.5%0.0%
PTC_3272026_Dip_Buyer_FCFYield03272026PTCPTCDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		3.5%3.5%0.0%
CRWD_11302022_Dip_Buyer_High_CFO_Margins_ExInd_DE11302022CRWDCrowdStrikeDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		36.1%101.4%-19.5%

Recent Active Movers

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Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Peers to compare with:

Financials

CRWDPANWMSFTSZSFTNTMedian
NameCrowdStr.Palo Alt.MicrosoftSentinel.Zscaler Fortinet  
Mkt Price399.12163.21373.4613.33138.5682.53150.88
Mkt Cap100.8114.92,775.24.522.161.381.1
Rev LTM4,8129,893305,4531,0013,0016,8005,806
Op Inc LTM-2931,422142,559-309-1442,085639
FCF LTM1,2413,56677,412528742,2261,734
FCF 3Y Avg1,0793,14071,629-106901,9451,512
CFO LTM1,6123,974160,506771,1142,5912,101
CFO 3Y Avg1,3873,382129,579148832,2611,824

Growth & Margins

CRWDPANWMSFTSZSFTNTMedian
NameCrowdStr.Palo Alt.MicrosoftSentinel.Zscaler Fortinet  
Rev Chg LTM21.7%15.4%16.7%21.9%23.9%14.2%19.2%
Rev Chg 3Y Avg29.1%17.2%14.4%33.8%30.8%15.5%23.2%
Rev Chg Q23.3%14.9%16.7%20.2%25.9%14.8%18.5%
QoQ Delta Rev Chg LTM5.4%3.5%4.0%4.8%5.9%3.7%4.4%
Op Mgn LTM-6.1%14.4%46.7%-30.9%-4.8%30.7%4.8%
Op Mgn 3Y Avg-3.2%11.1%45.3%-43.6%-6.4%28.1%3.9%
QoQ Delta Op Mgn LTM2.4%1.1%0.4%1.5%-0.1%-0.4%0.8%
CFO/Rev LTM33.5%40.2%52.5%7.7%37.1%38.1%37.6%
CFO/Rev 3Y Avg35.5%39.0%48.5%0.3%36.0%37.5%36.7%
FCF/Rev LTM25.8%36.0%25.3%5.2%29.1%32.7%27.5%
FCF/Rev 3Y Avg27.7%36.4%27.2%-2.7%28.1%32.3%27.9%

Valuation

CRWDPANWMSFTSZSFTNTMedian
NameCrowdStr.Palo Alt.MicrosoftSentinel.Zscaler Fortinet  
Mkt Cap100.8114.92,775.24.522.161.381.1
P/S21.011.69.14.57.49.09.0
P/EBIT-1,018.661.618.6-14.4-963.826.62.1
P/E-620.489.623.3-9.9-327.233.16.7
P/CFO62.528.917.358.319.923.726.3
Total Yield-0.2%1.1%5.2%-10.1%-0.3%3.0%0.5%
Dividend Yield0.0%0.0%0.9%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg1.3%2.8%2.3%0.0%2.2%3.4%2.2%
D/E0.00.00.00.00.10.00.0
Net D/E-0.0-0.0-0.0-0.1-0.1-0.0-0.0

Returns

CRWDPANWMSFTSZSFTNTMedian
NameCrowdStr.Palo Alt.MicrosoftSentinel.Zscaler Fortinet  
1M Rtn-2.1%2.9%-7.8%-1.2%-11.3%-0.3%-1.6%
3M Rtn-12.0%-9.0%-20.9%-8.9%-37.2%6.0%-10.5%
6M Rtn-18.5%-21.2%-27.5%-25.7%-54.6%-3.8%-23.5%
12M Rtn14.9%-1.2%0.9%-25.6%-27.9%-7.7%-4.5%
3Y Rtn191.6%66.1%33.1%-21.0%25.4%25.1%29.3%
1M Excs Rtn2.1%7.1%-3.7%3.0%-7.1%3.9%2.5%
3M Excs Rtn-11.0%-7.6%-18.8%-7.3%-34.6%7.8%-9.3%
6M Excs Rtn-18.3%-19.2%-25.9%-21.6%-52.6%-1.2%-20.4%
12M Excs Rtn-6.7%-21.6%-18.4%-45.2%-47.9%-31.5%-26.5%
3Y Excs Rtn144.5%5.4%-26.9%-75.7%-40.1%-37.3%-32.1%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Subscription3,761 2,1121,360805
Professional services192 1309270
Single Segment 3,056   
Total3,9543,0562,2411,452874


Price Behavior

Price Behavior
Market Price$399.12 
Market Cap ($ Bil)100.8 
First Trading Date06/12/2019 
Distance from 52W High-28.4% 
   50 Days200 Days
DMA Price$413.47$463.74
DMA Trenddowndown
Distance from DMA-3.5%-13.9%
 3M1YR
Volatility52.0%44.9%
Downside Capture0.841.02
Upside Capture113.60140.69
Correlation (SPY)27.5%57.4%
CRWD Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.191.121.151.461.381.59
Up Beta-3.830.531.041.391.551.46
Down Beta0.141.471.031.201.031.47
Up Capture132%92%90%144%174%838%
Bmk +ve Days7162765139424
Stock +ve Days15243366132409
Down Capture5%122%144%158%129%110%
Bmk -ve Days12233358110323
Stock -ve Days7183060119341

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CRWD
CRWD8.1%45.3%0.30-
Sector ETF (XLK)31.5%27.0%0.9964.8%
Equity (SPY)16.1%19.0%0.6758.6%
Gold (GLD)50.5%28.0%1.464.2%
Commodities (DBC)16.2%17.7%0.7723.4%
Real Estate (VNQ)3.6%16.5%0.0427.9%
Bitcoin (BTCUSD)-21.5%44.0%-0.4236.9%

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Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CRWD
CRWD17.1%50.1%0.50-
Sector ETF (XLK)16.3%24.7%0.5958.7%
Equity (SPY)11.6%17.0%0.5353.7%
Gold (GLD)21.7%17.8%1.006.6%
Commodities (DBC)11.6%18.8%0.5112.2%
Real Estate (VNQ)3.3%18.8%0.0829.4%
Bitcoin (BTCUSD)3.9%56.5%0.2927.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CRWD
CRWD21.1%55.9%0.73-
Sector ETF (XLK)21.4%24.3%0.8152.2%
Equity (SPY)14.0%17.9%0.6745.2%
Gold (GLD)14.0%15.9%0.739.0%
Commodities (DBC)8.4%17.6%0.4015.3%
Real Estate (VNQ)5.2%20.7%0.2226.3%
Bitcoin (BTCUSD)66.2%66.8%1.0625.2%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity7.6 Mil
Short Interest: % Change Since 22820267.4%
Average Daily Volume4.4 Mil
Days-to-Cover Short Interest1.7 days
Basic Shares Quantity252.6 Mil
Short % of Basic Shares3.0%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/3/20264.2%11.5%0.5%
12/2/20251.5%0.3%-11.6%
8/27/20254.6%-2.4%13.9%
6/3/2025-5.8%-4.3%3.4%
3/4/2025-6.3%-15.5%-4.8%
11/26/2024-4.6%-0.0%-2.6%
8/28/20242.8%-2.9%8.2%
6/4/202412.0%25.9%27.5%
...
SUMMARY STATS   
# Positive141216
# Negative10128
Median Positive6.2%11.1%10.1%
Median Negative-5.6%-5.0%-9.9%
Max Positive13.6%25.9%41.3%
Max Negative-14.7%-17.5%-24.2%

SEC Filings

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Report DateFiling DateFiling
01/31/202603/05/202610-K
10/31/202512/03/202510-Q
07/31/202508/28/202510-Q
04/30/202506/04/202510-Q
01/31/202503/10/202510-K
10/31/202411/27/202410-Q
07/31/202408/29/202410-Q
04/30/202406/05/202410-Q
01/31/202403/07/202410-K
10/31/202311/29/202310-Q
07/31/202308/31/202310-Q
04/30/202306/01/202310-Q
01/31/202303/09/202310-K
10/31/202211/30/202210-Q
07/31/202208/31/202210-Q
04/30/202206/03/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2026 Earnings Reported 3/3/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Annual recurring revenue5.50 Bil5.50 Bil5.50 Bil   
Q1 2027 Revenue1.36 Bil1.36 Bil1.36 Bil5.2% Higher NewGuidance: 1.29 Bil for Q4 2026
Q1 2027 Operating Income308.00 Mil309.20 Mil310.40 Mil-2.6% Lower NewGuidance: 317.40 Mil for Q4 2026
Q1 2027 Net Income275.20 Mil276.15 Mil277.10 Mil-2.9% Lower NewGuidance: 284.35 Mil for Q4 2026
Q1 2027 EPS1.061.061.07-3.2% Lower NewGuidance: 1.1 for Q4 2026
2027 Annual recurring revenue6.47 Bil6.49 Bil6.52 Bil   
2027 Revenue5.87 Bil5.90 Bil5.93 Bil22.8% Higher NewActual: 4.80 Bil for 2026
2027 Operating Income1.42 Bil1.44 Bil1.46 Bil38.9% Higher NewActual: 1.04 Bil for 2026
2027 Net Income1.24 Bil1.26 Bil1.27 Bil32.0% Higher NewActual: 951.80 Mil for 2026
2027 EPS4.784.844.930.4% Higher NewActual: 3.71 for 2026
2027 Net new ARR growth 20.0% 0 AffirmedGuidance: 20.0% for 2027

Prior: Q3 2026 Earnings Reported 12/2/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2026 Revenue1.29 Bil1.29 Bil1.30 Bil6.8% Higher NewGuidance: 1.21 Bil for Q3 2026
Q4 2026 Non-GAAP income from operations315.40 Mil317.40 Mil319.40 Mil22.6% Higher NewGuidance: 259.00 Mil for Q3 2026
Q4 2026 Net Income282.10 Mil284.35 Mil286.60 Mil18.3% Higher NewGuidance: 240.45 Mil for Q3 2026
Q4 2026 EPS1.091.11.1117.0% Higher NewGuidance: 0.94 for Q3 2026
2026 Revenue4.80 Bil4.80 Bil4.81 Bil0.5% RaisedGuidance: 4.78 Bil for 2026
2026 Non-GAAP income from operations1.04 Bil1.04 Bil1.04 Bil1.8% RaisedGuidance: 1.02 Bil for 2026
2026 Net Income949.60 Mil951.80 Mil954.00 Mil1.4% RaisedGuidance: 938.20 Mil for 2026
2026 EPS3.73.713.721.4% RaisedGuidance: 3.66 for 2026
2027 Net new ARR growth 20.0%    

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Saha, AnuragCHIEF ACCOUNTING OFFICERDirectSell12292025476.83836398,63020,849,869Form
2Saha, AnuragCHIEF ACCOUNTING OFFICERDirectSell12232025479.781,530734,06321,379,956Form
3Sentonas, MichaelPRESIDENTDirectSell12232025479.7811,4615,498,759164,399,016Form
4Kurtz, GeorgePRESIDENT AND CEODirectSell12232025481.3817,5508,448,2781,006,347,267Form
5Podbere, Burt WCHIEF FINANCIAL OFFICERDirectSell12232025483.3310,5165,082,69986,571,184Form

Industry Resources

External Quote Links


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