CrowdStrike (CRWD)
Market Price (8/28/2026): $227.5 | Market Cap: $231.9 BilInvestor Relations Sector: Information Technology | Industry: Systems Software
CrowdStrike (CRWD)
Market Price (8/28/2026): $227.5Market Cap: $231.9 BilSector: Information TechnologyIndustry: Systems Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% Low stock price volatilityVol 12M is 49% Megatrend and thematic driversMegatrends include Artificial Intelligence, Autonomous Technologies, Cybersecurity, and Cloud Computing. Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -199 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.9% Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 1,634x Stock price has recently run up significantly6M Rtn6 month market price return is 108% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.3% Key risksCRWD key risks include [1] its high stock valuation, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28% |
| Low stock price volatilityVol 12M is 49% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Autonomous Technologies, Cybersecurity, and Cloud Computing. Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -199 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.9% |
| Expensive valuation multiplesP/EBITPrice/EBIT or Price/(Operating Income) ratio is 1,634x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 108% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 23% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 84% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.3% |
| Key risksCRWD key risks include [1] its high stock valuation, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 8/27/2026
CrowdStrike (CRWD) stock has gained about 105% since 4/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2027 Performance and Raised Full-Year Guidance.
CrowdStrike (CRWD) shares surged by approximately 20% on August 27, 2026, following the release of its fiscal second quarter 2027 results (ended July 31, 2026), which CEO George Kurtz described as the company's best quarter ever. The company reported revenue of $1.47 billion, a 26% year-over-year increase, surpassing analyst estimates of $1.44 billion by $30 million. Adjusted earnings per share (EPS) reached $0.31, beating the $0.29 consensus estimate by $0.02. Crucially, annual recurring revenue (ARR) grew 25% to $5.84 billion, and net new ARR hit a record $333 million, representing a 51% year-over-year acceleration in growth and significantly exceeding expectations of $284-$286 million. CrowdStrike also increased its full-year fiscal 2027 revenue guidance to a range of $5.99 billion to $6.01 billion, exceeding Wall Street estimates, and lifted its full-year net new ARR growth outlook by 630 basis points to 34% year-over-year growth at the midpoint.
2. Robust Demand in the AI-Driven Cybersecurity Market.
A core driver of CrowdStrike's stock surge was the escalating demand for artificial intelligence (AI)-driven cybersecurity solutions. CEO George Kurtz emphasized that "every enterprise will run on AI, and securing it is the largest market opportunity in our history." The cybersecurity landscape in 2026 is characterized by increasingly automated and AI-enhanced threats, necessitating advanced, proactive defense mechanisms. This trend is projected to boost global end-user spending on information security to $240 billion in 2026, a 12.5% increase from 2025. CrowdStrike's Falcon platform, particularly its Falcon Flex offering, was highlighted as a significant growth engine, with ending ARR from Falcon Flex accounts exceeding $2.29 billion and accelerating growth to 101% year-over-year. The company's recent Q1 fiscal 2027 earnings (ended April 30, 2026), reported on June 3, 2026, also noted the "Mythos" inflection point, where frontier AI models increased the urgency of securing AI systems, and AI security products like AI Detection and Response (AI DR) were rapidly scaling.
Show more
CrowdStrike (CRWD) stock has gained about 105% since 4/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2027 Performance and Raised Full-Year Guidance.
CrowdStrike (CRWD) shares surged by approximately 20% on August 27, 2026, following the release of its fiscal second quarter 2027 results (ended July 31, 2026), which CEO George Kurtz described as the company's best quarter ever. The company reported revenue of $1.47 billion, a 26% year-over-year increase, surpassing analyst estimates of $1.44 billion by $30 million. Adjusted earnings per share (EPS) reached $0.31, beating the $0.29 consensus estimate by $0.02. Crucially, annual recurring revenue (ARR) grew 25% to $5.84 billion, and net new ARR hit a record $333 million, representing a 51% year-over-year acceleration in growth and significantly exceeding expectations of $284-$286 million. CrowdStrike also increased its full-year fiscal 2027 revenue guidance to a range of $5.99 billion to $6.01 billion, exceeding Wall Street estimates, and lifted its full-year net new ARR growth outlook by 630 basis points to 34% year-over-year growth at the midpoint.
2. Robust Demand in the AI-Driven Cybersecurity Market.
A core driver of CrowdStrike's stock surge was the escalating demand for artificial intelligence (AI)-driven cybersecurity solutions. CEO George Kurtz emphasized that "every enterprise will run on AI, and securing it is the largest market opportunity in our history." The cybersecurity landscape in 2026 is characterized by increasingly automated and AI-enhanced threats, necessitating advanced, proactive defense mechanisms. This trend is projected to boost global end-user spending on information security to $240 billion in 2026, a 12.5% increase from 2025. CrowdStrike's Falcon platform, particularly its Falcon Flex offering, was highlighted as a significant growth engine, with ending ARR from Falcon Flex accounts exceeding $2.29 billion and accelerating growth to 101% year-over-year. The company's recent Q1 fiscal 2027 earnings (ended April 30, 2026), reported on June 3, 2026, also noted the "Mythos" inflection point, where frontier AI models increased the urgency of securing AI systems, and AI security products like AI Detection and Response (AI DR) were rapidly scaling.
Show more
Updated on 8/27/2026
CrowdStrike (CRWD) stock has gained about 105% since 4/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2027 Performance and Raised Full-Year Guidance.
CrowdStrike (CRWD) shares surged by approximately 20% on August 27, 2026, following the release of its fiscal second quarter 2027 results (ended July 31, 2026), which CEO George Kurtz described as the company's best quarter ever. The company reported revenue of $1.47 billion, a 26% year-over-year increase, surpassing analyst estimates of $1.44 billion by $30 million. Adjusted earnings per share (EPS) reached $0.31, beating the $0.29 consensus estimate by $0.02. Crucially, annual recurring revenue (ARR) grew 25% to $5.84 billion, and net new ARR hit a record $333 million, representing a 51% year-over-year acceleration in growth and significantly exceeding expectations of $284-$286 million. CrowdStrike also increased its full-year fiscal 2027 revenue guidance to a range of $5.99 billion to $6.01 billion, exceeding Wall Street estimates, and lifted its full-year net new ARR growth outlook by 630 basis points to 34% year-over-year growth at the midpoint.
2. Robust Demand in the AI-Driven Cybersecurity Market.
A core driver of CrowdStrike's stock surge was the escalating demand for artificial intelligence (AI)-driven cybersecurity solutions. CEO George Kurtz emphasized that "every enterprise will run on AI, and securing it is the largest market opportunity in our history." The cybersecurity landscape in 2026 is characterized by increasingly automated and AI-enhanced threats, necessitating advanced, proactive defense mechanisms. This trend is projected to boost global end-user spending on information security to $240 billion in 2026, a 12.5% increase from 2025. CrowdStrike's Falcon platform, particularly its Falcon Flex offering, was highlighted as a significant growth engine, with ending ARR from Falcon Flex accounts exceeding $2.29 billion and accelerating growth to 101% year-over-year. The company's recent Q1 fiscal 2027 earnings (ended April 30, 2026), reported on June 3, 2026, also noted the "Mythos" inflection point, where frontier AI models increased the urgency of securing AI systems, and AI security products like AI Detection and Response (AI DR) were rapidly scaling.
3. Stock Split and Positive Analyst Sentiment.
CrowdStrike's four-for-one stock split, which became effective on July 2, 2026, increased the accessibility of its shares to a broader range of investors, contributing to positive market sentiment and trading activity. Prior to the split, on June 29, 2026, Wells Fargo analyst Michael Turrin significantly raised his price target for CRWD from $500 to $900 (pre-split), an 80% increase, explicitly citing the burgeoning AI-security spending wave as a key factor. This positive analyst endorsement, alongside the stock split, helped fuel investor interest and buying momentum during the period. Following the strong fiscal Q2 2027 results, several investment firms, including TD Cowen, Stifel, and Morningstar, further raised their price targets for CrowdStrike's stock, with Morningstar analysts noting the business was "firing on all cylinders" due to "AI-induced cyber demand."
Show less
CrowdStrike (CRWD) stock has gained about 105% since 4/30/2026 because of the following key factors:
1. Exceptional Fiscal Q2 2027 Performance and Raised Full-Year Guidance.
CrowdStrike (CRWD) shares surged by approximately 20% on August 27, 2026, following the release of its fiscal second quarter 2027 results (ended July 31, 2026), which CEO George Kurtz described as the company's best quarter ever. The company reported revenue of $1.47 billion, a 26% year-over-year increase, surpassing analyst estimates of $1.44 billion by $30 million. Adjusted earnings per share (EPS) reached $0.31, beating the $0.29 consensus estimate by $0.02. Crucially, annual recurring revenue (ARR) grew 25% to $5.84 billion, and net new ARR hit a record $333 million, representing a 51% year-over-year acceleration in growth and significantly exceeding expectations of $284-$286 million. CrowdStrike also increased its full-year fiscal 2027 revenue guidance to a range of $5.99 billion to $6.01 billion, exceeding Wall Street estimates, and lifted its full-year net new ARR growth outlook by 630 basis points to 34% year-over-year growth at the midpoint.
2. Robust Demand in the AI-Driven Cybersecurity Market.
A core driver of CrowdStrike's stock surge was the escalating demand for artificial intelligence (AI)-driven cybersecurity solutions. CEO George Kurtz emphasized that "every enterprise will run on AI, and securing it is the largest market opportunity in our history." The cybersecurity landscape in 2026 is characterized by increasingly automated and AI-enhanced threats, necessitating advanced, proactive defense mechanisms. This trend is projected to boost global end-user spending on information security to $240 billion in 2026, a 12.5% increase from 2025. CrowdStrike's Falcon platform, particularly its Falcon Flex offering, was highlighted as a significant growth engine, with ending ARR from Falcon Flex accounts exceeding $2.29 billion and accelerating growth to 101% year-over-year. The company's recent Q1 fiscal 2027 earnings (ended April 30, 2026), reported on June 3, 2026, also noted the "Mythos" inflection point, where frontier AI models increased the urgency of securing AI systems, and AI security products like AI Detection and Response (AI DR) were rapidly scaling.
3. Stock Split and Positive Analyst Sentiment.
CrowdStrike's four-for-one stock split, which became effective on July 2, 2026, increased the accessibility of its shares to a broader range of investors, contributing to positive market sentiment and trading activity. Prior to the split, on June 29, 2026, Wells Fargo analyst Michael Turrin significantly raised his price target for CRWD from $500 to $900 (pre-split), an 80% increase, explicitly citing the burgeoning AI-security spending wave as a key factor. This positive analyst endorsement, alongside the stock split, helped fuel investor interest and buying momentum during the period. Following the strong fiscal Q2 2027 results, several investment firms, including TD Cowen, Stifel, and Morningstar, further raised their price targets for CrowdStrike's stock, with Morningstar analysts noting the business was "firing on all cylinders" due to "AI-induced cyber demand."
Show less
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Stock Movement Drivers
Fundamental Drivers
The 104.6% change in CRWD stock from 4/30/2026 to 8/27/2026 was primarily driven by a 84.1% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8272026 | Change |
|---|---|---|---|
| Stock Price ($) | 111.44 | 227.96 | 104.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,812 | 5,396 | 12.1% |
| P/S Multiple | 23.4 | 43.1 | 84.1% |
| Shares Outstanding (Mil) | 1,010 | 1,019 | -0.9% |
| Cumulative Contribution | 104.6% |
Market Drivers
4/30/2026 to 8/27/2026| Return | Correlation | |
|---|---|---|
| CRWD | 104.6% | |
| Market (SPY) | 7.3% | 39.6% |
| Sector (XLK) | 18.3% | 45.0% |
Fundamental Drivers
The 106.6% change in CRWD stock from 1/31/2026 to 8/27/2026 was primarily driven by a 77.2% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8272026 | Change |
|---|---|---|---|
| Stock Price ($) | 110.35 | 227.96 | 106.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,565 | 5,396 | 18.2% |
| P/S Multiple | 24.3 | 43.1 | 77.2% |
| Shares Outstanding (Mil) | 1,005 | 1,019 | -1.4% |
| Cumulative Contribution | 106.6% |
Market Drivers
1/31/2026 to 8/27/2026| Return | Correlation | |
|---|---|---|
| CRWD | 106.6% | |
| Market (SPY) | 11.7% | 34.4% |
| Sector (XLK) | 31.3% | 43.2% |
Fundamental Drivers
The 100.6% change in CRWD stock from 7/31/2025 to 8/27/2026 was primarily driven by a 57.7% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8272026 | Change |
|---|---|---|---|
| Stock Price ($) | 113.64 | 227.96 | 100.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,136 | 5,396 | 30.5% |
| P/S Multiple | 27.3 | 43.1 | 57.7% |
| Shares Outstanding (Mil) | 994 | 1,019 | -2.5% |
| Cumulative Contribution | 100.6% |
Market Drivers
7/31/2025 to 8/27/2026| Return | Correlation | |
|---|---|---|
| CRWD | 100.6% | |
| Market (SPY) | 23.0% | 39.6% |
| Sector (XLK) | 44.2% | 48.3% |
Fundamental Drivers
The 464.0% change in CRWD stock from 7/31/2023 to 8/27/2026 was primarily driven by a 175.6% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8272026 | Change |
|---|---|---|---|
| Stock Price ($) | 40.42 | 227.96 | 464.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,446 | 5,396 | 120.6% |
| P/S Multiple | 15.6 | 43.1 | 175.6% |
| Shares Outstanding (Mil) | 946 | 1,019 | -7.2% |
| Cumulative Contribution | 464.0% |
Market Drivers
7/31/2023 to 8/27/2026| Return | Correlation | |
|---|---|---|
| CRWD | 464.0% | |
| Market (SPY) | 74.4% | 50.9% |
| Sector (XLK) | 115.5% | 57.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CRWD Return | -3% | -49% | 142% | 34% | 37% | 61% | 257% |
| Peers Return | 66% | -44% | 75% | 12% | -1% | 40% | 150% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| CRWD Win Rate | 67% | 33% | 83% | 67% | 50% | 62% | |
| Peers Win Rate | 69% | 33% | 63% | 57% | 53% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CRWD Max Drawdown | -34% | -58% | -15% | -44% | -32% | -27% | |
| Peers Max Drawdown | -19% | -49% | -30% | -31% | -32% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[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 8/27/2026 (YTD)
How Low Can It Go
| Event | CRWD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.4% | -18.8% |
| % Gain to Breakeven | 45.7% | 23.1% |
| Time to Breakeven | 74 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -41.8% | -7.8% |
| % Gain to Breakeven | 71.9% | 8.5% |
| Time to Breakeven | 136 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.7% | -24.5% |
| % Gain to Breakeven | 44.3% | 32.4% |
| Time to Breakeven | 91 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.0% | -33.7% |
| % Gain to Breakeven | 100.0% | 50.9% |
| Time to Breakeven | 35 days | 140 days |
In The Past
CrowdStrike's stock fell -31.4% during the 2025 US Tariff Shock. Such a loss loss requires a 45.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | CRWD | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -31.4% | -18.8% |
| % Gain to Breakeven | 45.7% | 23.1% |
| Time to Breakeven | 74 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -41.8% | -7.8% |
| % Gain to Breakeven | 71.9% | 8.5% |
| Time to Breakeven | 136 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.7% | -24.5% |
| % Gain to Breakeven | 44.3% | 32.4% |
| Time to Breakeven | 91 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.0% | -33.7% |
| % Gain to Breakeven | 100.0% | 50.9% |
| Time to Breakeven | 35 days | 140 days |
In The Past
CrowdStrike's stock fell -31.4% during the 2025 US Tariff Shock. Such a loss loss requires a 45.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About CrowdStrike (CRWD)
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CrowdStrike Holdings, Inc. (CRWD) is a leading cybersecurity company specializing in cloud-delivered protection for modern enterprises. It provides comprehensive security across an organization's critical digital assets, including endpoints (such as laptops and servers), cloud workloads, user identities, and sensitive data. The company's innovative approach focuses on a unified, cloud-native platform designed to prevent, detect, and respond to sophisticated cyber threats.
At the heart of CrowdStrike's offering is its Falcon platform, which leverages artificial intelligence and machine learning to deliver extended detection and response (XDR) capabilities. This platform is augmented by various cloud modules providing specialized services like proactive threat intelligence, managed security services, IT operations management, and advanced threat hunting. Additionally, CrowdStrike offers Zero Trust identity protection and robust log management solutions, ensuring a holistic security posture for its clients.
CrowdStrike primarily serves a global customer base, ranging from large enterprises to smaller organizations, across diverse industries. The company generates revenue through subscriptions to its Falcon platform and individual cloud modules. Sales are conducted via its direct sales force, which strategically partners with a network of channel partners to expand its reach and deliver its security solutions worldwide.
```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.
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- Amazon (AMZN)
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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.
```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.
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Here are 3-5 expected drivers of future revenue growth for CrowdStrike (CRWD) over the next 2-3 years:
- 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.
- 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.
- 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.
- 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.
- 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.
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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.
Peer Outperformance in Systems Software
CRWD has outperformed 93% of its 68 Systems Software peers over 5Y. Systems Software ranks 12th of 12 industries in Information Technology by median 5Y return. The sector’s gains have largely come from elsewhere.
Share of Systems Software constituents that CRWD has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
88%
of 86 industry peers · 115.8% return
3Y
99%
of 75 industry peers · 533.1% return
5Y
93%
of 68 industry peers · 223.0% return
No Systems Software peer with a comparable growth profile has beaten CRWD by more than 20pp over 5Y.
Median price return by industry across the Information Technology sector, ranked by 5Y. Systems Software is CRWD's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 62.1% | 179.4% | 326.9% | TTMI 783% · FLEX 739% · JBL 412% |
| Semiconductor Materials & Equipment | 27 | 144.2% | 79.6% | 105.7% | AEHR 1103% · AXTI 617% · KLAC 463% |
| Technology Distributors | 9 | 26.2% | 58.8% | 70.3% | CLMB 349% · AVT 152% · SNX 116% |
| Electronic Components | 26 | 57.0% | 56.4% | 55.0% | CLS 3234% · BELFA 1316% · LPTH 518% |
| Communications Equipment | 36 | 28.2% | 100.3% | 40.0% | AAOI 1452% · LITE 1000% · ANET 763% |
| Semiconductors | 54 | 33.1% | 33.2% | 26.2% | POET 1911% · MU 1196% · NVDA 911% |
| Technology Hardware, Storage & Peripherals | 21 | 31.6% | 76.9% | 20.8% | STX 1039% · SMCI 976% · DELL 965% |
| Internet Services & Infrastructure | 6 | 22.4% | 40.3% | 15.0% | DOCN 103% · VRSN 40% · GDDY 31% |
| Electronic Equipment & Instruments | 27 | -7.6% | 7.8% | -7.0% | PI 181% · ACFN 139% · OSIS 114% |
| IT Consulting & Other Services | 28 | -23.9% | -6.7% | -20.2% | CHRN 545558% · APLD 1011% · TSSI 666% |
| Application Software | 123 | -18.5% | -10.0% | -43.4% | VIDA 269900% · INLX 5007% · PLTR 623% |
| Systems Software ← | 69 | -9.5% | 21.7% | -52.3% | QNC 702% · PAYS 422% · PANW 398% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 207.63 |
| Mkt Cap | 179.5 |
| Rev LTM | 6,462 |
| Op Inc LTM | 450 |
| FCF LTM | 2,320 |
| FCF 3Y Avg | 1,732 |
| CFO LTM | 2,706 |
| CFO 3Y Avg | 2,075 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 20.4% |
| Rev Chg 3Y Avg | 22.4% |
| Rev Chg Q | 25.5% |
| QoQ Delta Rev Chg LTM | 5.8% |
| Op Inc Chg LTM | 14.1% |
| Op Inc Chg 3Y Avg | 17.0% |
| Op Mgn LTM | 3.7% |
| Op Mgn 3Y Avg | 3.4% |
| QoQ Delta Op Mgn LTM | 0.7% |
| CFO/Rev LTM | 38.6% |
| CFO/Rev 3Y Avg | 37.3% |
| FCF/Rev LTM | 28.1% |
| FCF/Rev 3Y Avg | 27.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 179.5 |
| P/S | 14.1 |
| P/Op Inc | -0.4 |
| P/EBIT | 35.1 |
| P/E | 43.9 |
| P/CFO | 55.0 |
| Total Yield | 0.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.2% |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 23.7% |
| 3M Rtn | 34.6% |
| 6M Rtn | 93.3% |
| 12M Rtn | 68.2% |
| 3Y Rtn | 127.0% |
| 1M Excs Rtn | 16.6% |
| 3M Excs Rtn | 32.3% |
| 6M Excs Rtn | 81.4% |
| 12M Excs Rtn | 53.5% |
| 3Y Excs Rtn | 52.1% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $227.96 | |
| Market Cap ($ Bil) | 57.8 | |
| First Trading Date | 06/12/2019 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $195.27 | $140.08 |
| DMA Trend | up | up |
| Distance from DMA | 16.7% | 62.7% |
| 3M | 1YR | |
| Volatility | 69.2% | 53.0% |
| Downside Capture | 174.67 | 156.59 |
| Upside Capture | 302.69 | 213.22 |
| Correlation (SPY) | 47.9% | 40.7% |
CRWD Betas & Captures as of 7/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.61 | 1.67 | 1.56 | 1.29 | 1.47 | 1.58 |
| Up Beta | 1.76 | 2.63 | 1.65 | 0.67 | 1.00 | 1.49 |
| Down Beta | 0.58 | 0.90 | 1.23 | 1.42 | 1.21 | 1.47 |
| Up Capture | 187% | 198% | 347% | 247% | 291% | 1043% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 9 | 20 | 36 | 74 | 136 | 412 |
| Down Capture | 178% | 139% | 53% | 96% | 134% | 109% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 13 | 23 | 27 | 52 | 116 | 341 |
[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 | |
|---|---|---|---|---|
| CRWD | 119.0% | 52.9% | 1.66 | - |
| Sector ETF (XLK) | 44.2% | 26.2% | 1.36 | 48.1% |
| Equity (SPY) | 20.6% | 12.8% | 1.19 | 39.2% |
| Gold (GLD) | 35.6% | 28.8% | 1.05 | 4.2% |
| Commodities (DBC) | 40.3% | 20.3% | 1.55 | 6.4% |
| Real Estate (VNQ) | 11.0% | 13.7% | 0.52 | -10.3% |
| Bitcoin (BTCUSD) | -29.7% | 43.6% | -0.69 | 29.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CRWD | |
|---|---|---|---|---|
| CRWD | 31.2% | 52.0% | 0.71 | - |
| Sector ETF (XLK) | 20.6% | 25.9% | 0.71 | 58.2% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 53.7% |
| Gold (GLD) | 20.5% | 18.7% | 0.89 | 7.0% |
| Commodities (DBC) | 11.0% | 19.6% | 0.44 | 12.4% |
| Real Estate (VNQ) | 2.2% | 18.9% | 0.01 | 25.7% |
| Bitcoin (BTCUSD) | 11.0% | 52.7% | 0.39 | 27.6% |
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 | |
|---|---|---|---|---|
| CRWD | 31.7% | 56.3% | 0.91 | - |
| Sector ETF (XLK) | 24.5% | 25.0% | 0.89 | 51.7% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 44.6% |
| Gold (GLD) | 12.6% | 16.3% | 0.64 | 8.9% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 14.5% |
| Real Estate (VNQ) | 5.0% | 20.7% | 0.20 | 23.9% |
| Bitcoin (BTCUSD) | 63.6% | 66.1% | 1.03 | 24.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2026 | -3.8% | -13.4% | 6.7% |
| 3/3/2026 | 4.2% | 11.5% | 0.5% |
| 12/2/2025 | 1.5% | 0.3% | -11.6% |
| 8/27/2025 | 4.6% | -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% |
| 8/28/2024 | 2.8% | -2.9% | 8.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 16 |
| # Negative | 11 | 13 | 8 |
| Median Positive | 6.0% | 11.5% | 8.4% |
| Median Negative | -5.5% | -5.6% | -9.9% |
| Max Positive | 13.6% | 25.9% | 41.3% |
| Max Negative | -14.7% | -17.5% | -24.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 6/3/2026 | -3.8% | -13.4% | 6.7% |
| 3/3/2026 | 4.2% | 11.5% | 0.5% |
| 12/2/2025 | 1.5% | 0.3% | -11.6% |
| 8/27/2025 | 4.6% | -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% |
| 8/28/2024 | 2.8% | -2.9% | 8.2% |
| 6/4/2024 | 12.0% | 25.9% | 27.5% |
| 3/5/2024 | 10.8% | 10.7% | 3.9% |
| 11/28/2023 | 10.4% | 12.5% | 20.6% |
| 8/30/2023 | 9.3% | 11.7% | 12.2% |
| 5/31/2023 | -1.6% | -6.8% | -8.3% |
| 3/7/2023 | 3.2% | 2.5% | 2.3% |
| 11/29/2022 | -14.7% | -17.5% | -24.2% |
| 8/30/2022 | -5.5% | -11.0% | -14.3% |
| 6/2/2022 | -6.8% | -0.3% | 7.5% |
| 3/9/2022 | 12.5% | 11.7% | 27.8% |
| 12/1/2021 | 3.9% | 3.8% | 1.6% |
| 8/31/2021 | -3.9% | -5.6% | -12.5% |
| 6/3/2021 | -4.2% | 5.8% | 16.9% |
| 3/16/2021 | 6.0% | -2.9% | 8.6% |
| 12/2/2020 | 13.6% | 17.2% | 41.3% |
| 9/2/2020 | -9.0% | -9.0% | -1.5% |
| SUMMARY STATS | |||
| # Positive | 13 | 11 | 16 |
| # Negative | 11 | 13 | 8 |
| Median Positive | 6.0% | 11.5% | 8.4% |
| Median Negative | -5.5% | -5.6% | -9.9% |
| Max Positive | 13.6% | 25.9% | 41.3% |
| Max Negative | -14.7% | -17.5% | -24.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 08/27/2026 | 10-Q |
| 04/30/2026 | 06/04/2026 | 10-Q |
| 01/31/2026 | 03/05/2026 | 10-K |
| 10/31/2025 | 12/03/2025 | 10-Q |
| 07/31/2025 | 08/28/2025 | 10-Q |
| 04/30/2025 | 06/04/2025 | 10-Q |
| 01/31/2025 | 03/10/2025 | 10-K |
| 10/31/2024 | 11/27/2024 | 10-Q |
| 07/31/2024 | 08/29/2024 | 10-Q |
| 04/30/2024 | 06/05/2024 | 10-Q |
| 01/31/2024 | 03/07/2024 | 10-K |
| 10/31/2023 | 11/29/2023 | 10-Q |
| 07/31/2023 | 08/31/2023 | 10-Q |
| 04/30/2023 | 06/01/2023 | 10-Q |
| 01/31/2023 | 03/09/2023 | 10-K |
| 10/31/2022 | 11/30/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 08/27/2026 | 10-Q |
| 04/30/2026 | 06/04/2026 | 10-Q |
| 01/31/2026 | 03/05/2026 | 10-K |
| 10/31/2025 | 12/03/2025 | 10-Q |
| 07/31/2025 | 08/28/2025 | 10-Q |
| 04/30/2025 | 06/04/2025 | 10-Q |
| 01/31/2025 | 03/10/2025 | 10-K |
| 10/31/2024 | 11/27/2024 | 10-Q |
| 07/31/2024 | 08/29/2024 | 10-Q |
| 04/30/2024 | 06/05/2024 | 10-Q |
| 01/31/2024 | 03/07/2024 | 10-K |
| 10/31/2023 | 11/29/2023 | 10-Q |
| 07/31/2023 | 08/31/2023 | 10-Q |
| 04/30/2023 | 06/01/2023 | 10-Q |
| 01/31/2023 | 03/09/2023 | 10-K |
| 10/31/2022 | 11/30/2022 | 10-Q |
| 07/31/2022 | 08/31/2022 | 10-Q |
| 04/30/2022 | 06/03/2022 | 10-Q |
| 01/31/2022 | 03/16/2022 | 10-K |
| 10/31/2021 | 12/02/2021 | 10-Q |
| 07/31/2021 | 09/01/2021 | 10-Q |
| 04/30/2021 | 06/04/2021 | 10-Q |
| 01/31/2021 | 03/18/2021 | 10-K |
| 10/31/2020 | 12/03/2020 | 10-Q |
| 07/31/2020 | 09/03/2020 | 10-Q |
| 04/30/2020 | 06/03/2020 | 10-Q |
| 01/31/2020 | 03/23/2020 | 10-K |
| 10/31/2019 | 12/06/2019 | 10-Q |
Recent Forward Guidance
Updated 7/8/2026Latest: Q1 2027 Earnings Reported 6/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2027 Annual recurring revenue | 5.79 Bil | 5.79 Bil | 5.79 Bil | 5.3% | Higher New | Guidance: 5.50 Bil for Q1 2027 | |
| Q2 2027 Total revenue | 1.44 Bil | 1.44 Bil | 1.44 Bil | 5.7% | Higher New | Guidance: 1.36 Bil for Q1 2027 | |
| Q2 2027 Non-GAAP income from operations | 345.60 Mil | 347.35 Mil | 349.10 Mil | 12.3% | Higher New | Guidance: 309.20 Mil for Q1 2027 | |
| Q2 2027 Non-GAAP net income attributable to CrowdStrike | 300.70 Mil | 302.05 Mil | 303.40 Mil | 9.4% | Higher New | Guidance: 276.15 Mil for Q1 2027 | |
| Q2 2027 Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | 1.16 | 1.17 | 1.17 | 9.4% | Higher New | Guidance: 1.06 for Q1 2027 | |
| 2027 Annual recurring revenue | 6.53 Bil | 6.54 Bil | 6.56 Bil | 0.8% | Raised | Guidance: 6.49 Bil for 2027 | |
| 2027 Total revenue | 5.91 Bil | 5.94 Bil | 5.96 Bil | 0.7% | Raised | Guidance: 5.90 Bil for 2027 | |
| 2027 Non-GAAP income from operations | 1.45 Bil | 1.47 Bil | 1.48 Bil | 1.7% | Raised | Guidance: 1.44 Bil for 2027 | |
| 2027 Non-GAAP net income attributable to CrowdStrike | 1.26 Bil | 1.27 Bil | 1.29 Bil | 1.4% | Raised | Guidance: 1.26 Bil for 2027 | |
| 2027 Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | 4.88 | 4.92 | 4.96 | 1.7% | Raised | Guidance: 4.84 for 2027 | |
Prior: Q4 2026 Earnings Reported 3/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Annual recurring revenue | 5.50 Bil | 5.50 Bil | 5.50 Bil | ||||
| Q1 2027 Total revenue | 1.36 Bil | 1.36 Bil | 1.36 Bil | ||||
| Q1 2027 Non-GAAP income from operations | 308.00 Mil | 309.20 Mil | 310.40 Mil | ||||
| Q1 2027 Non-GAAP net income attributable to CrowdStrike | 275.20 Mil | 276.15 Mil | 277.10 Mil | ||||
| Q1 2027 Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | 1.06 | 1.06 | 1.07 | ||||
| 2027 Annual recurring revenue | 6.47 Bil | 6.49 Bil | 6.52 Bil | ||||
| 2027 Total revenue | 5.87 Bil | 5.90 Bil | 5.93 Bil | ||||
| 2027 Non-GAAP income from operations | 1.42 Bil | 1.44 Bil | 1.46 Bil | ||||
| 2027 Non-GAAP net income attributable to CrowdStrike | 1.24 Bil | 1.26 Bil | 1.27 Bil | ||||
| 2027 Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | 4.78 | 4.84 | 4.9 | ||||
Q3 2026 Earnings Reported 12/2/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Total revenue | 1.29 Bil | 1.29 Bil | 1.30 Bil | 6.8% | Higher New | Guidance: 1.21 Bil for Q3 2026 | |
| Q4 2026 Non-GAAP income from operations | 315.40 Mil | 317.40 Mil | 319.40 Mil | 22.5% | Higher New | Guidance: 259.00 Mil for Q3 2026 | |
| Q4 2026 Non-GAAP net income attributable to CrowdStrike | 282.10 Mil | 284.35 Mil | 286.60 Mil | 18.3% | Higher New | Guidance: 240.45 Mil for Q3 2026 | |
| Q4 2026 Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | 1.09 | 1.1 | 1.11 | 17.0% | Higher New | Guidance: 0.94 for Q3 2026 | |
| 2026 Total revenue | 4.80 Bil | 4.80 Bil | 4.81 Bil | 0.5% | Raised | Guidance: 4.78 Bil for 2026 | |
| 2026 Non-GAAP income from operations | 1.04 Bil | 1.04 Bil | 1.04 Bil | 1.8% | Raised | Guidance: 1.02 Bil for 2026 | |
| 2026 Non-GAAP net income attributable to CrowdStrike | 949.60 Mil | 951.80 Mil | 954.00 Mil | 1.4% | Raised | Guidance: 938.20 Mil for 2026 | |
| 2026 Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | 3.7 | 3.71 | 3.72 | 1.4% | Raised | Guidance: 3.66 for 2026 | |
| 2027 Net new ARR growth | 20.0% | ||||||
Insider Activity
Updated 8/27/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8272026 | 188.52 | 10,000 | 1,885,231 | 1,484,811,139 | Form |
| 2 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8272026 | 187.22 | 10,000 | 1,872,216 | 1,476,433,111 | Form |
| 3 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8252026 | 191.07 | 7,025 | 1,342,239 | 1,508,666,316 | Form |
| 4 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8252026 | 190.32 | 10,000 | 1,903,246 | 1,504,709,588 | Form |
| 5 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8202026 | 201.46 | 10,000 | 2,014,610 | 1,596,783,793 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8272026 | 188.52 | 10,000 | 1,885,231 | 1,484,811,139 | Form |
| 2 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8272026 | 187.22 | 10,000 | 1,872,216 | 1,476,433,111 | Form |
| 3 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8252026 | 191.07 | 7,025 | 1,342,239 | 1,508,666,316 | Form |
| 4 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8252026 | 190.32 | 10,000 | 1,903,246 | 1,504,709,588 | Form |
| 5 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8202026 | 201.46 | 10,000 | 2,014,610 | 1,596,783,793 | Form |
| 6 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8202026 | 212.16 | 10,000 | 2,121,605 | 1,683,709,751 | Form |
| 7 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8182026 | 214.89 | 10,000 | 2,148,922 | 1,707,537,162 | Form |
| 8 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8182026 | 219.51 | 10,000 | 2,195,132 | 1,746,451,293 | Form |
| 9 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8142026 | 224.44 | 10,000 | 2,244,386 | 1,787,881,945 | Form |
| 10 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8142026 | 221.74 | 10,000 | 2,217,353 | 1,768,565,133 | Form |
| 11 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8122026 | 222.28 | 10,000 | 2,222,808 | 1,775,138,980 | Form |
| 12 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8122026 | 224.31 | 10,000 | 2,243,108 | 1,793,593,667 | Form |
| 13 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8102026 | 212.68 | 10,000 | 2,126,849 | 1,702,759,118 | Form |
| 14 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8102026 | 205.61 | 10,000 | 2,056,084 | 1,648,161,097 | Form |
| 15 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8062026 | 212.89 | 10,000 | 2,128,926 | 1,708,679,691 | Form |
| 16 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8062026 | 210.10 | 10,000 | 2,101,043 | 1,688,401,986 | Form |
| 17 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 8062026 | 210.05 | 20,000 | 4,200,998 | 603,880,262 | Form | |
| 18 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8042026 | 196.84 | 37,525 | 7,386,464 | 1,583,787,662 | Form |
| 19 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 8042026 | 194.35 | 7,622 | 1,481,305 | 135,423,779 | Form |
| 20 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8032026 | 188.84 | 10,000 | 1,888,449 | 1,526,536,050 | Form |
| 21 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8032026 | 182.23 | 10,000 | 1,822,280 | 1,474,870,474 | Form |
| 22 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7302026 | 180.44 | 10,000 | 1,804,420 | 1,462,219,784 | Form |
| 23 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7302026 | 180.74 | 10,000 | 1,807,388 | 1,466,432,433 | Form |
| 24 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7282026 | 183.41 | 10,000 | 1,834,129 | 1,489,963,080 | Form |
| 25 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7282026 | 183.31 | 10,000 | 1,833,065 | 1,490,931,613 | Form |
| 26 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7242026 | 184.41 | 7,466 | 1,376,684 | 1,501,711,783 | Form |
| 27 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7242026 | 188.12 | 10,000 | 1,881,198 | 1,533,843,425 | Form |
| 28 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7222026 | 192.67 | 10,000 | 1,926,727 | 1,572,892,276 | Form |
| 29 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7212026 | 203.35 | 10,000 | 2,033,506 | 1,662,094,717 | Form |
| 30 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7212026 | 205.17 | 10,000 | 2,051,732 | 1,679,044,000 | Form |
| 31 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7172026 | 203.73 | 10,000 | 2,037,270 | 1,669,245,975 | Form |
| 32 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7172026 | 208.77 | 10,000 | 2,087,660 | 1,712,621,460 | Form |
| 33 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7152026 | 205.36 | 10,000 | 2,053,623 | 1,686,752,032 | Form |
| 34 | Oleary, Denis | charitable remainder trust UAD 6/22/26 | Sell | 7152026 | 187.87 | 14,500 | 2,724,115 | 6,575,450 | Form | |
| 35 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7152026 | 186.90 | 10,000 | 1,868,992 | 1,536,973,704 | Form |
| 36 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7132026 | 189.84 | 10,000 | 1,898,422 | 1,563,073,959 | Form |
| 37 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7132026 | 195.78 | 10,000 | 1,957,829 | 1,613,944,629 | Form |
| 38 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7092026 | 189.57 | 10,000 | 1,895,670 | 1,564,599,460 | Form |
| 39 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7092026 | 196.90 | 10,000 | 1,968,983 | 1,627,078,104 | Form |
| 40 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7072026 | 201.92 | 10,000 | 2,019,231 | 1,670,619,801 | Form |
| 41 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7072026 | 195.67 | 10,000 | 1,956,658 | 1,620,806,106 | Form |
| 42 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7022026 | 774.49 | 2,500 | 1,936,216 | 1,605,809,483 | Form |
| 43 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 7022026 | 774.45 | 5,000 | 3,872,226 | 556,524,091 | Form | |
| 44 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7012026 | 759.25 | 2,382 | 1,808,533 | 1,576,116,114 | Form |
| 45 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7012026 | 738.82 | 130 | 96,047 | 1,535,457,258 | Form |
| 46 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 7012026 | 743.31 | 2,500 | 1,858,282 | 1,544,890,535 | Form |
| 47 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6292026 | 695.55 | 1,720 | 1,196,344 | 1,447,357,801 | Form |
| 48 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6292026 | 687.14 | 780 | 535,971 | 1,431,046,239 | Form |
| 49 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6292026 | 680.21 | 2,500 | 1,700,527 | 1,417,141,308 | Form |
| 50 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6252026 | 680.59 | 1,027 | 698,967 | 1,419,634,534 | Form |
| 51 | Saha, Anurag | CHIEF ACCOUNTING OFFICER | Direct | Sell | 6252026 | 680.49 | 1,497 | 1,018,694 | 36,217,719 | Form |
| 52 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6252026 | 673.72 | 1,473 | 992,389 | 1,405,993,595 | Form |
| 53 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6252026 | 681.40 | 2,500 | 1,703,493 | 1,423,020,106 | Form |
| 54 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6232026 | 687.70 | 2,722 | 1,871,918 | 1,437,901,465 | Form |
| 55 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6232026 | 685.26 | 18,483 | 12,665,570 | 1,434,655,538 | Form |
| 56 | Saha, Anurag | CHIEF ACCOUNTING OFFICER | Direct | Sell | 6232026 | 684.86 | 1,721 | 1,178,644 | 37,475,539 | Form |
| 57 | Sentonas, Michael | PRESIDENT | Direct | Sell | 6232026 | 684.86 | 12,216 | 8,366,250 | 261,000,831 | Form |
| 58 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 6232026 | 692.04 | 8,398 | 5,811,720 | 121,874,489 | Form |
| 59 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6222026 | 682.40 | 1,313 | 895,993 | 1,441,293,569 | Form |
| 60 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6222026 | 673.75 | 1,187 | 799,745 | 1,423,913,334 | Form |
| 61 | Flower, Johanna | Direct | Sell | 6222026 | 0.00 | 402 | Form | |||
| 62 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6222026 | 683.40 | 2,500 | 1,708,511 | 1,445,120,531 | Form |
| 63 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6172026 | 683.71 | 1,888 | 1,290,836 | 1,447,466,566 | Form |
| 64 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6172026 | 677.65 | 612 | 414,722 | 1,435,927,747 | Form |
| 65 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6172026 | 688.92 | 2,500 | 1,722,298 | 1,460,226,605 | Form |
| 66 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6152026 | 688.09 | 2,500 | 1,720,222 | 1,460,187,253 | Form |
| 67 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6152026 | 691.46 | 1,097 | 758,536 | 1,469,077,885 | Form |
| 68 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6152026 | 670.14 | 1,403 | 940,203 | 1,424,503,360 | Form |
| 69 | Watzinger, Gerhard | Clavius Capital LLC | Sell | 6152026 | 685.24 | 2,500 | 1,713,100 | 22,195,609 | Form | |
| 70 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6112026 | 651.68 | 2,500 | 1,629,211 | 1,386,191,843 | Form |
| 71 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6112026 | 657.51 | 171 | 112,434 | 1,400,182,508 | Form |
| 72 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6112026 | 639.79 | 2,329 | 1,490,062 | 1,362,547,853 | Form |
| 73 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6092026 | 652.90 | 40 | 26,116 | 1,393,603,298 | Form |
| 74 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6092026 | 663.95 | 2,460 | 1,633,314 | 1,415,553,078 | Form |
| 75 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6092026 | 687.07 | 2,500 | 1,717,663 | 1,466,555,409 | Form |
| 76 | Oleary, Denis | charitable remainder trust UAD 3/15/22 | Sell | 6092026 | 685.57 | 7,250 | 4,970,370 | 8,454,429 | Form | |
| 77 | Oleary, Denis | Hohnco, LLC | Sell | 6092026 | 685.61 | 6,000 | 4,113,654 | 3,301,893 | Form | |
| 78 | Oleary, Denis | Ryderco, LLC | Sell | 6092026 | 685.56 | 6,000 | 4,113,389 | 5,084,835 | Form | |
| 79 | Watzinger, Gerhard | Clavius Capital LLC | Sell | 6092026 | 700.00 | 7,500 | 5,250,000 | 24,423,700 | Form | |
| 80 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6052026 | 712.28 | 1,220 | 868,977 | 1,522,149,973 | Form |
| 81 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6052026 | 689.24 | 1,280 | 882,231 | 1,473,768,865 | Form |
| 82 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6052026 | 751.24 | 2,500 | 1,878,097 | 1,607,291,940 | Form |
| 83 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6032026 | 762.44 | 1,916 | 1,460,829 | 1,633,156,233 | Form |
| 84 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6032026 | 753.82 | 624 | 470,386 | 1,616,151,417 | Form |
| 85 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 6032026 | 776.62 | 1,809 | 1,404,909 | 551,755,619 | Form | |
| 86 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 6032026 | 758.20 | 3,191 | 2,419,423 | 540,040,946 | Form | |
| 87 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 6032026 | 765.06 | 2,460 | 1,882,053 | 1,640,723,660 | Form |
| 88 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5292026 | 722.63 | 1,967 | 1,421,423 | 1,551,513,183 | Form |
| 89 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5292026 | 700.93 | 533 | 373,596 | 1,506,293,843 | Form |
| 90 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5292026 | 670.42 | 1,660 | 1,112,895 | 1,441,079,690 | Form |
| 91 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5292026 | 651.75 | 840 | 547,471 | 1,402,034,917 | Form |
| 92 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5292026 | 647.08 | 2,500 | 1,617,694 | 1,392,525,188 | Form |
| 93 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5272026 | 676.87 | 39 | 26,398 | 1,458,331,306 | Form |
| 94 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5272026 | 670.41 | 2,461 | 1,649,890 | 1,444,448,511 | Form |
| 95 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5272026 | 665.96 | 2,500 | 1,664,896 | 1,436,486,618 | Form |
| 96 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5222026 | 654.00 | 559 | 365,586 | 1,412,326,886 | Form |
| 97 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5222026 | 647.42 | 1,941 | 1,256,633 | 1,398,469,781 | Form |
| 98 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 5222026 | 649.34 | 2,817 | 1,829,181 | 464,571,616 | Form | |
| 99 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 5222026 | 638.85 | 11,754 | 7,509,101 | 458,872,286 | Form | |
| 100 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5222026 | 638.30 | 2,500 | 1,595,761 | 1,380,028,138 | Form |
| 101 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5202026 | 631.37 | 160 | 101,018 | 1,366,603,433 | Form |
| 102 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5202026 | 621.25 | 2,340 | 1,453,729 | 1,344,812,393 | Form |
| 103 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 5202026 | 628.65 | 5,429 | 3,412,930 | 458,930,075 | Form | |
| 104 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5202026 | 609.95 | 2,500 | 1,524,886 | 1,321,784,777 | Form |
| 105 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5182026 | 587.51 | 2,500 | 1,468,786 | 1,274,625,017 | Form |
| 106 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5152026 | 578.63 | 1,928 | 1,115,594 | 1,256,792,144 | Form |
| 107 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 5152026 | 580.03 | 10,000 | 5,800,313 | 426,587,475 | Form | |
| 108 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5152026 | 560.78 | 572 | 320,765 | 1,219,103,652 | Form |
| 109 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5152026 | 555.14 | 2,500 | 1,387,841 | 1,207,156,698 | Form |
| 110 | Sentonas, Michael | PRESIDENT | Direct | Sell | 5132026 | 550.00 | 10,000 | 5,500,000 | 216,286,400 | Form |
| 111 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5132026 | 551.10 | 19 | 10,471 | 1,199,756,824 | Form |
| 112 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5132026 | 543.94 | 2,481 | 1,349,524 | 1,184,187,553 | Form |
| 113 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5132026 | 533.48 | 2,500 | 1,333,705 | 1,162,735,625 | Form |
| 114 | Sentonas, Michael | PRESIDENT | Direct | Sell | 5112026 | 535.00 | 40,000 | 21,400,000 | 215,737,680 | Form |
| 115 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5112026 | 520.74 | 1,902 | 990,449 | 1,136,267,547 | Form |
| 116 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 5112026 | 526.62 | 17,527 | 9,230,016 | 392,569,808 | Form | |
| 117 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5112026 | 499.32 | 598 | 298,594 | 1,090,478,356 | Form |
| 118 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5112026 | 499.06 | 2,500 | 1,247,651 | 1,090,208,790 | Form |
| 119 | Sentonas, Michael | PRESIDENT | Direct | Sell | 5112026 | 500.00 | 5,000 | 2,500,000 | 221,624,018 | Form |
| 120 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5072026 | 466.93 | 2,500 | 1,167,335 | 1,021,194,554 | Form |
| 121 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5072026 | 475.72 | 2,500 | 1,189,289 | 1,041,590,192 | Form |
| 122 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 5052026 | 457.22 | 1,933 | 883,799 | 82,740,635 | Form |
| 123 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5052026 | 468.56 | 2,882 | 1,350,402 | 1,027,102,720 | Form |
| 124 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5052026 | 462.30 | 6,569 | 3,036,834 | 1,014,699,050 | Form |
| 125 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5052026 | 454.24 | 2,500 | 1,135,600 | 999,997,413 | Form |
| 126 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5012026 | 443.49 | 2,500 | 1,108,723 | 977,438,372 | Form |
| 127 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 5012026 | 449.63 | 2,500 | 1,124,070 | 992,092,086 | Form |
| 128 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 4292026 | 455.42 | 2,500 | 1,138,562 | 1,006,020,892 | Form |
| 129 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 4292026 | 454.03 | 2,500 | 1,135,086 | 1,004,084,719 | Form |
| 130 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 4272026 | 449.46 | 582 | 261,586 | 995,093,902 | Form |
| 131 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 4272026 | 443.23 | 1,918 | 850,114 | 981,556,208 | Form |
| 132 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 4272026 | 446.56 | 2,500 | 1,116,389 | 989,778,563 | Form |
| 133 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 4232026 | 465.62 | 839 | 390,651 | 1,033,187,920 | Form |
| 134 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 4232026 | 460.13 | 1,661 | 764,270 | 1,021,394,090 | Form |
| 135 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 4232026 | 450.58 | 2,500 | 1,126,439 | 1,000,941,468 | Form |
| 136 | Saha, Anurag | CHIEF ACCOUNTING OFFICER | Direct | Sell | 4202026 | 428.78 | 3,157 | 1,353,658 | 24,171,186 | Form |
| 137 | Saha, Anurag | CHIEF ACCOUNTING OFFICER | Direct | Sell | 3242026 | 411.06 | 1,138 | 467,786 | 17,506,223 | Form |
| 138 | Sentonas, Michael | PRESIDENT | Direct | Sell | 3242026 | 411.06 | 19,367 | 7,960,999 | 167,278,401 | Form |
| 139 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 3242026 | 411.88 | 31,915 | 13,145,098 | 890,651,949 | Form |
| 140 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 3242026 | 410.45 | 15,918 | 6,533,559 | 80,252,615 | Form |
| 141 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 2052026 | 415.78 | 7,871 | 3,272,586 | 70,521,306 | Form |
| 142 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 2052026 | 413.01 | 28,853 | 11,916,487 | 848,688,637 | Form |
| 143 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 2032026 | 438.33 | 1,630 | 714,472 | 77,795,956 | Form |
| 144 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 2032026 | 438.60 | 6,777 | 2,972,389 | 913,933,855 | Form |
| 145 | Flower, Johanna | Direct | Sell | 1162026 | 461.94 | 3,000 | 1,385,820 | 35,145,319 | Form | |
| 146 | Saha, Anurag | CHIEF ACCOUNTING OFFICER | Direct | Sell | 12292025 | 476.83 | 836 | 398,630 | 20,849,869 | Form |
| 147 | Saha, Anurag | CHIEF ACCOUNTING OFFICER | Direct | Sell | 12232025 | 479.78 | 1,530 | 734,063 | 21,379,956 | Form |
| 148 | Sentonas, Michael | PRESIDENT | Direct | Sell | 12232025 | 479.78 | 11,461 | 5,498,759 | 164,399,016 | Form |
| 149 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 12232025 | 481.38 | 17,550 | 8,448,278 | 1,006,347,267 | Form |
| 150 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 12232025 | 483.33 | 10,516 | 5,082,699 | 86,571,184 | Form |
| 151 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 12122025 | 526.91 | 44 | 23,184 | 402,024,760 | Form | |
| 152 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 12112025 | 527.51 | 1,879 | 991,193 | 402,504,880 | Form | |
| 153 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 12092025 | 525.45 | 550 | 288,999 | 401,922,027 | Form | |
| 154 | Oleary, Denis | Hohnco, LLC | Sell | 12082025 | 515.44 | 3,875 | 1,997,314 | 5,574,954 | Form | |
| 155 | Oleary, Denis | Ryderco, LLC | Sell | 12082025 | 515.44 | 3,875 | 1,997,315 | 6,915,606 | Form | |
| 156 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 11042025 | 550.20 | 5,000 | 2,751,010 | 421,155,494 | Form | |
| 157 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 11042025 | 549.89 | 6,975 | 3,835,496 | 1,159,217,346 | Form |
| 158 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 11042025 | 550.41 | 1,957 | 1,077,161 | 120,247,345 | Form |
| 159 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 10282025 | 528.77 | 5,000 | 2,643,869 | 407,396,967 | Form | |
| 160 | Flower, Johanna | Direct | Sell | 10172025 | 490.98 | 2,347 | 1,152,341 | 38,815,783 | Form | |
| 161 | Sentonas, Michael | PRESIDENT | Direct | Sell | 10102025 | 515.00 | 10,000 | 5,150,000 | 182,369,740 | Form |
| 162 | Sentonas, Michael | PRESIDENT | Direct | Sell | 10102025 | 505.00 | 15,000 | 7,575,000 | 183,878,580 | Form |
| 163 | Sentonas, Michael | PRESIDENT | Direct | Sell | 10032025 | 500.00 | 20,000 | 10,000,000 | 189,558,000 | Form |
| 164 | Saha, Anurag | CHIEF ACCOUNTING OFFICER | Direct | Sell | 9242025 | 482.41 | 1,762 | 850,006 | 17,972,185 | Form |
| 165 | Saha, Anurag | CHIEF ACCOUNTING OFFICER | Direct | Sell | 9242025 | 495.68 | 2,234 | 1,107,360 | 19,340,132 | Form |
| 166 | Sentonas, Michael | PRESIDENT | Direct | Sell | 9242025 | 495.69 | 11,561 | 5,730,625 | 197,836,193 | Form |
| 167 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 9242025 | 495.67 | 10,706 | 5,306,599 | 109,256,662 | Form |
| 168 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 9242025 | 494.53 | 17,830 | 8,817,414 | 1,045,952,507 | Form |
| 169 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 9082025 | 410.32 | 6,250 | 2,564,478 | 315,332,682 | Form | |
| 170 | Podbere, Burt W | CHIEF FINANCIAL OFFICER | Direct | Sell | 8062025 | 455.47 | 11,883 | 5,412,308 | 105,271,960 | Form |
| 171 | Kurtz, George | PRESIDENT AND CEO | Direct | Sell | 8062025 | 450.47 | 42,267 | 19,039,813 | 960,791,413 | Form |
| 172 | Gandhi, Sameer K | Potomac Investments L.P. - Fund 1 | Sell | 8052025 | 447.09 | 6,250 | 2,794,301 | 346,386,459 | Form |
Investor Activity (13F)
Updated Aug 28, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Once Capital Management, LLC | $19.9 Mil | 5.3% | 22 | Hold | 13F |
| Strategy Capital LLC | $55.7 Mil | 4.6% | 11 | Hold | 13F |
| FFG Partners, LLC | $9.1 Mil | 3.6% | 35 | Hold | 13F |
| Ithaka Group LLC | $14.3 Mil | 3.0% | 38 | Hold | 13F |
| Jia Investment Alliance PTE. LTD. | $20.9 Mil | 2.2% | 24 | Hold | 13F |
| First Washington CORP | $5.7 Mil | 1.6% | 50 | Hold | 13F |
| Valiant Capital Management, L.P. | $17.4 Mil | 1.4% | 28 | TRIM -8.6% | 13F |
| Crosslink Capital Inc | $8.9 Mil | 0.9% | 21 | ADD +32.2% | 13F |
| Hancock Prospecting Pty Ltd | $16.1 Mil | 0.5% | 36 | New | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Strategy Capital LLC | $55.7 Mil | 4.6% | 11 | Hold | 13F |
| Jia Investment Alliance PTE. LTD. | $20.9 Mil | 2.2% | 24 | Hold | 13F |
| Once Capital Management, LLC | $19.9 Mil | 5.3% | 22 | Hold | 13F |
| Valiant Capital Management, L.P. | $17.4 Mil | 1.4% | 28 | TRIM -8.6% | 13F |
| Hancock Prospecting Pty Ltd | $16.1 Mil | 0.5% | 36 | New | 13F |
| Ithaka Group LLC | $14.3 Mil | 3.0% | 38 | Hold | 13F |
| FFG Partners, LLC | $9.1 Mil | 3.6% | 35 | Hold | 13F |
| Crosslink Capital Inc | $8.9 Mil | 0.9% | 21 | ADD +32.2% | 13F |
| First Washington CORP | $5.7 Mil | 1.6% | 50 | Hold | 13F |
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| FinViz |
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