CrowdStrike Holdings Inc. (NASDAQ:CRWD)

The financial data of property, plant, and equipment over the reported periods exhibits significant growth and notable shifts in asset composition and depreciation expenses.

Data center and other computer equipment

This asset category shows a strong upward trajectory, increasing steadily from $87.2 million in 2020 to $755.7 million in 2025. The growth is particularly pronounced from 2022 onward, suggesting an expansion of computing capacity or infrastructure investments.

Capitalized internal-use software and website development costs

These costs have exhibited consistent and substantial growth, rising from $30.4 million in 2020 to $266.0 million in 2025. The acceleration in capitalized costs indicates an increased focus on software development and digital capabilities, potentially supporting product development or operational enhancements.

Leasehold improvements

Growth in leasehold improvements is moderate but steady, increasing from $13.2 million in 2020 to $42.2 million in 2025. This suggests ongoing investment in physical workspace enhancements or facility modifications.

Purchased software

Purchased software assets show a gradual increase from $2.6 million in 2020 to $15.9 million in 2025, reflecting steady acquisitions of external software solutions.

Furniture and equipment

This category has exhibited mild growth, moving from $4.8 million in 2020 to $10.5 million in 2025, indicating incremental expansions or refreshes of office or operational equipment.

Construction in progress

The construction in progress figure displays notable volatility and high levels, increasing markedly from $47.6 million in 2020 to a peak of $259.0 million in 2023, then decreasing to $190.8 million in 2024 before rising again to $220.1 million in 2025. This pattern suggests large-scale projects underway with fluctuating capitalization phases, pointing to ongoing infrastructure or facility expansions.

Property and equipment, gross

The gross property and equipment balance shows robust growth, nearly quintupling from $185.7 million in 2020 to $1.31 billion in 2025. This reflects the cumulative effect of capital expenditures across all categories, underpinning significant asset base expansion.

Accumulated depreciation and amortization

Accumulated depreciation and amortization have increased substantially in absolute terms, from negative $49.7 million in 2020 to negative $521.8 million in 2025. This steady increase corresponds with the growth in fixed assets and indicates ongoing systematic expensing of asset costs over their useful lives.

Property and equipment, net

The net book value of property and equipment has increased consistently across the periods reported, from $136.1 million in 2020 to $788.6 million in 2025. The growth in net assets confirms that additions to fixed assets have outpaced depreciation expenses, supporting asset base expansion and likely capacity or capability growth within the company.

Overall, the data reflects a strategy of sustained capital investment in physical and software assets, driving expansion of infrastructure and technological capabilities. The rising accumulated depreciation aligns with this growth and indicates effective asset utilization over time. The fluctuation in construction in progress highlights ongoing large-scale projects contributing to future capacity.

Average Age Ratio

The average age ratio exhibits some fluctuations over the observed periods. It started at 26.74% in 2020, increased to a peak of 35.29% in 2024, and further rose to 39.82% by 2025. This upward trend indicates that, on average, the property, plant, and equipment are aging, suggesting a growing portion of assets closer to the end of their service life.

Estimated Total Useful Life

The estimated total useful life of the assets shows variability between 7 and 9 years across the years. It began at 8 years in 2020, decreased to 7 years in 2021 and 2022, increased to 9 years in 2023, and settled back between 7 and 8 years by 2025. These changes may reflect adjustments in asset lifecycle expectations or revisions in asset management strategy.

Estimated Age, Time Elapsed Since Purchase

The estimated age of the assets has remained relatively stable after initial changes. It was 2 years in the first two periods (2020 and 2021) and then rose to 3 years from 2022 onward, maintaining that level through 2025. This constancy indicates consistent acquisition or replacement cycles in recent years.

Estimated Remaining Life

The estimated remaining life of the assets fluctuated moderately during the period. Starting at 6 years in 2020, it dropped to 4 years in 2021, then increased slightly to 5 years in 2022, rose again to 6 years in 2023, and declined to between 4 and 5 years by 2025. This pattern reflects adjustments in asset longevity estimates, possibly influenced by maintenance, technological obsolescence, or revised asset usage forecasts.

Property and Equipment, Gross

The gross value of property and equipment has shown a consistent and substantial increase over the analyzed period. Starting at $185,742 thousand in January 2020, it rose steadily each year, reaching $1,310,394 thousand by January 2025. This indicates significant investments or acquisitions in property and equipment over the years, with particularly notable growth beyond 2021.

Accumulated Depreciation and Amortization

Accumulated depreciation and amortization also increased significantly, from $49,664 thousand in January 2020 to $521,754 thousand in January 2025. The growth in accumulated depreciation corresponds with asset growth and suggests that a sizable portion of assets is aging or being systematically expensed over time. The increase appears more pronounced in the later years, reflecting either higher asset bases or accelerated depreciation schedules.

Average Age Ratio

The average age ratio, expressed as a percentage, demonstrates some fluctuation across the periods. It rose from 26.74% in January 2020 to a peak of 35.29% in January 2024, with a slight drop to 30.52% in January 2023 before increasing again. By January 2025, the average age ratio reached 39.82%. This suggests that, on average, the property and equipment are aging, which may indicate that a growing portion of the asset base consists of older assets, despite ongoing acquisitions. The fluctuations could also imply variations in asset replacement or retirement policies during specific years.

Property and equipment, gross

The gross value of property and equipment exhibited a consistent and substantial upward trend over the observed periods. Starting at approximately 185.7 million USD in early 2020, the value increased markedly each year, reaching over 1.31 billion USD by early 2025. This indicates significant capital investment and asset accumulation over the five-year timeframe.

Depreciation and amortization expense of property and equipment

Depreciation and amortization expenses have also risen steadily, reflecting the growing asset base. Expenses increased from 23.0 million USD in early 2020 to 188.0 million USD by early 2025. The rate of increase in depreciation suggests both expansion in asset values and possibly a shift in the composition or aging profile of the asset portfolio that affects the expense recognition.

Estimated total useful life

The estimated useful life of property and equipment fluctuated slightly during the period, ranging between 7 and 9 years. There was a decrease from 8 years in 2020 to 7 years in 2021 and 2022, followed by an increase to 9 years in 2023, then a return to 8 and 7 years in 2024 and 2025 respectively. This variation in useful life assumptions may impact depreciation patterns and expense recognition across different periods.

Overall analysis

The data reflects a pattern of significant asset growth paired with increasing depreciation expenses, consistent with the company expanding and updating its fixed assets. The changes in estimated useful life suggest management periodically reassesses asset longevity, which could influence depreciation methods and financial results. The increasing gross asset values, alongside rising depreciation costs, point to ongoing investments in property and equipment, which might be aligned with strategic growth initiatives or operational scaling.

Accumulated Depreciation and Amortization

There is a consistent and significant increase in accumulated depreciation and amortization over the observed period. Starting at 49.7 million USD in January 2020, the balance nearly doubles by January 2021, reaching 88.5 million USD. It continues to rise sharply each year, more than tripling by January 2024 to approximately 338.3 million USD, and further increasing to over 521.7 million USD by January 2025. This trend indicates ongoing additions to depreciable assets and/or substantial depreciation charges being recognized annually.

Depreciation and Amortization Expense of Property and Equipment

The depreciation and amortization expense exhibits a strong upward trajectory throughout the years. Expenses rise from 23.0 million USD in January 2020 to 38.7 million USD in January 2021, then increase steadily each year to 54.4 million USD in January 2022 and 77.2 million USD in January 2023. A more pronounced increase is observed in the last two years, with expenses climbing to 126.8 million USD in January 2024 and 188.0 million USD in January 2025. This suggests accelerated asset acquisition and/or increased utilization leading to higher periodic expense recognition.

Time Elapsed Since Purchase

The time elapsed since purchase remains relatively stable over the years, increasing from 2 years in 2020 and 2021 to 3 years from 2022 onward. This steady duration indicates a consistent average age of the assets being depreciated, which may imply that asset replacement or disposal cycles have yet to significantly affect the average asset age.

Overall Insights

The data reflects a robust expansion in property and equipment assets subject to depreciation, supported by the continual rise in both accumulated depreciation and annual depreciation expense. The sustained increase in depreciation expense, especially the sharp growth seen in the latest periods, likely corresponds with aggressive capital investment or asset additions. The stable average age of assets suggests a relatively consistent asset base age without large disposals or write-offs. Together, these trends imply ongoing investment and growth in property, plant, and equipment, accompanied by corresponding periodic depreciation charges aligning with asset acquisition patterns.

Property and Equipment, Net

The net value of property and equipment shows a consistent and substantial upward trend over the reported periods. Beginning at $136,078 thousand in January 2020, it rose steadily each year to reach $788,640 thousand by January 2025. This represents an increase of nearly sixfold over five years, indicating significant investment and capitalization in long-term tangible assets.

Depreciation and Amortization Expense

The depreciation and amortization expense of property and equipment also exhibits a marked increase over time, rising from $23,000 thousand in January 2020 to $188,000 thousand in January 2025. The escalation suggests growing charges against earnings, consistent with the increasing asset base. The increments are sizable, particularly between 2023 and 2025, reflecting accelerated expense recognition likely aligned with asset additions and the amortization timeline.

Estimated Remaining Life of Assets

The estimated remaining life in years shows some variability but generally remains around 4 to 6 years. The life span was at 6 years in 2020, decreased to 4 years by 2021, and fluctuated slightly before settling again at 4 years in 2025. These fluctuations could indicate changes in asset composition, possibly with newer assets having shorter useful lives, or updated management estimates in depreciation schedules.

Summary

Overall, the data reveals strong growth in the value of property and equipment, underscoring continued capital expenditure and expansion of fixed assets. The corresponding upward movement in depreciation expense aligns with this growth, evidencing higher allocation of costs associated with property and equipment. The relative stability with minor variation in the estimated remaining life suggests ongoing adjustment to asset valuation assumptions, ensuring depreciation expenses accurately reflect asset usage patterns.