CrowdStrike Holdings, Inc.

How has the stock done?

Change in closing price from the first day shown, or with Price the closing price itself. Prices: Yahoo Finance, to Nov 12, 2026. Dashed lines: the days the company released earnings (its SEC 8-K filings); EPS estimates: Yahoo Finance. The stock's move after a release runs from the last close before its day to the close the day after (or five days after), so a release before the open counts like one after the close.

Is the business growing?

In the fiscal year to Jan 2026, Subscription was 95% and Professional services was 5% of revenue.

In the fiscal year to Jan 2026, United States was 67% and Europe, Middle East, and Africa was 16% of revenue.

Quarters: CrowdStrike Holdings, Inc.'s SEC filings, named by the month they end. Fiscal years: CrowdStrike Holdings, Inc.'s annual reports to the SEC.

How it makes money

The company loses $3.4 for every $100 of revenue. Operating expenses exceed all of gross profit.

Each margin is that line of the income statement divided by revenue. Fiscal year: CrowdStrike Holdings, Inc.'s annual reports to the SEC; quarters: SEC filings.

Growth and margins together

Rule of 40 score 55.6 (growth 25.8% + FCF margin 29.8%): strong, clears the 40 line. Stock pay is 22.8% of revenue; counted as a cost, it brings the FCF margin down to 7.0%.

CrowdStrike Holdings trades at 42.8× revenue on 25.8% growth. PLTR grows fastest of its peers, 95.9%, and costs 55.3×.

Growth: revenue in the quarter ended Jul 2026 against the quarter ended Jul 2025. FCF margin: operating cash flow minus capex, over revenue, for the 4 quarters ended Jul 2026. From SEC filings.

Customers and suppliers

In its latest annual report CrowdStrike Holdings buys from Amazon. It sells through the platforms of Amazon, Alphabet, Microsoft.

Their suppliers

e.l.f. Beauty ELFto Amazon

United Parcel Service UPSto Amazon

Applied Optoelectronics AAOIto Amazon

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Suppliers

Amazon AMZN

 

CRWDCrowdStrike Holdings

Partners

AAccelCo-invests in Falcon FundsAssociated entities committed up to $10.0 million to Original Falcon Fund and $50.0 million to Falcon Fund II; collectively own 50% of sharing percentage

Pearson Vue PSOProvides proctored CrowdStrike certification examinations

Platforms

Amazon AMZNCrowdStrike Holdings sells through it · Distributes Falcon through AWS MarketplaceAlphabet GOOGLCrowdStrike Holdings sells through it · Distributes CrowdStrike through Google MarketplaceMicrosoft MSFTCrowdStrike Holdings sells through it · Offers Falcon Go through Microsoft Marketplace

Changes since the previous annual report (10-K filed Mar 10, 2025)

Alphabet GOOGLNamed for the first time, as a platform it sells throughMicrosoft MSFTNamed for the first time, as a platform it sells through

Only the companies CrowdStrike Holdings names in its 10-K filed Mar 5, 2026 (SEC). The supply chain joins the latest annual reports of the companies on it and the 8-Ks they filed since: a link shows when either side's report names the other, so it grows as more reports are read. Platforms: an app store, a console maker or a marketplace one company sells through and pays a share or a fee; not supply, so not on the chain. Hover a name for the filing's own words.

Is it expensive?

EV/revenue of 42.8x, above the peer median of 22.9x.

EV/revenue above the peer median of 22.9x: pricier than its peers.

Compared on enterprise value (market cap plus debt minus cash) per $1 of revenue: for companies that reinvest what they earn or borrow to grow (software, AI data centers), P/E can mislead.

What analysts expect

The average analyst price target is $250, 9% above the current price; 77% of 53 analysts rate it a buy; earnings beat estimates in 2 of the last 4 quarters.

Buy or Strong Buy: 41 analysts (77%). Sell or Strong Sell: 1.

Over the past year the average of the analysts' latest price targets went from $128.85 to $254.39 (+97%), while CRWD went from $132.45 to $229.87 (+74%). In the past three months targets were raised 56 times and never cut. 10 upgrades and 1 downgrade over the year; the latest: Deutsche Bank moved it to Buy from Hold on Nov 2, 2026.

The day after each of these reports the stock moved +4.0% (Oct 2025, in line); +5.9% (Jan 2026, in line); −6.5% (Apr 2026, beat); +23.0% (Jul 2026, beat).

For the quarter ending Oct 2026 (CrowdStrike Holdings reports on Dec 1, 2026), analysts expect adjusted earnings of $0.31 a share, 30% more than the $0.24 of a year earlier, and revenue of $1.5B, up 24% on a year earlier. For the fiscal year ending Jan 2027, they expect adjusted earnings of $1.26 a share, and revenue of $6.0B, up 25% on the year before.

Targets, ratings and earnings estimates: Yahoo Finance. Rating and target changes: Yahoo Finance's list of upgrades and downgrades. The average target on each day is the average of every listed firm's latest target set in the 180 days before it, so it counts fewer analysts than the average target above, and the band is the middle half of those targets (a quarter of the firms are above it, a quarter below); a target set before a stock split is divided by the split. Expected figures: the average of the analysts' estimates (Yahoo Finance). Their EPS is adjusted, as analysts estimate it, so it is set against the adjusted EPS Yahoo reports for the same quarters, not the GAAP EPS of the growth and valuation sections; revenue against the SEC filings. No change is given against a quarter whose reported EPS was more than 50% off its own estimate (often a one-off gain or charge), nor against a year that counts one. Each estimate is pinned to its fiscal period by the report date or the period's end, and one that cannot be is left out.

Where the cash goes

Generated $1.6B in free cash flow over the year, of which $180M went back to shareholders (dividends plus buybacks), leaving $1.4B in the company.

Free cash flow: operating cash flow minus capital spending on property, plant and equipment, from SEC filings, for the last 4 quarters and by quarter.

Financial health

Current ratio 1.8, no pressure to repay short-term debt; debt-to-equity 0.2, debt is very low and the balance sheet is solid.

Latest fiscal year balance sheet. Source: Yahoo Finance.

Who holds it

In the filings of 2 members of Congress and 10 funds whose copy leaves CRWD out (on the exchange, not in the app yet): Jia Investment Alliance, Nancy Pelosi, Board of Trustees of The Leland Stanford Junior University, Mirae Asset Global Investments, Swiss National Bank, Norges Bank and 6 more.

What did the funds Hunch tracks do?

Of the 83 funds whose 13F filings Hunch reads, 15 held CRWD at the end of their latest quarter (for most, Q2 2026). Over that quarter 6 added shares, 7 cut, 2 bought new and 2 sold all. The largest of them is Norges Bank, 3.67M shares worth $2.8B at Jun 30, 2026, 1.2% more than at Dec 31, 2025.

From the 13F filings of the 83 funds Hunch tracks, not of every institution: each fund's shares of CRWD at its latest quarter end against the quarter before, as filed (long positions only, options left out), the quarter before put on the latest quarter's share count across a split. A fund files 45 days after its quarter ends, so some have a newer quarter than others. Value is at the quarter end. ARK Investment Management filed its Q2 2026 13F after the 4-for-1 split of Jul 2, 2026 and valued its shares at the price after the split; its Value here is put back on the quarter-end price (times 4), the shares as filed. Norges Bank filed its 13F for Q1 2026 confidentially, with no holdings made public, so its row compares Q2 2026 with Q4 2025.

Are insiders buying or selling?

Officers and directors sold $806M of CRWD on the open market in the 12 months to Nov 11, 2026; none bought. 80% of the sales were made under 10b5-1 plans, set up in advance. The largest was George Kurtz (President and CEO; director), who sold $365M in 2009 sales.