Stock Analysis on Net
Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD) 

Common-Size Balance Sheet: Assets

CrowdStrike Holdings Inc., common-size consolidated balance sheet: assets

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Jan 31, 2026 Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021
Cash and cash equivalents 47.17 49.68 50.78 48.85 55.18 70.21
Short-term investments 0.00 0.00 1.50 4.97 0.00 0.00
Accounts receivable, net of allowance for credit losses 12.28 12.97 12.84 12.46 10.17 8.75
Deferred contract acquisition costs, current 4.04 3.99 3.71 3.72 3.50 2.96
Prepaid expenses and other current assets 3.42 3.61 2.76 2.42 2.19 1.96
Current assets 66.92% 70.26% 71.58% 72.42% 71.05% 83.89%
Strategic investments 0.69 0.83 0.85 0.94 0.65 0.09
Property and equipment, net 8.81 9.06 9.33 9.79 7.20 6.11
Operating lease right-of-use assets 0.63 0.49 0.73 0.79 0.88 1.34
Deferred contract acquisition costs, noncurrent 5.91 5.76 5.05 5.18 5.32 4.31
Goodwill 12.30 10.49 9.60 8.57 11.51 3.06
Intangible assets, net 1.23 1.53 1.72 1.73 2.69 0.57
Other long-term assets 3.51 1.58 1.14 0.58 0.70 0.63
Long-term assets 33.08% 29.74% 28.42% 27.58% 28.95% 16.11%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2026-01-31), 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31).

The composition of assets has shifted considerably over the analyzed period. A notable trend is the decreasing proportion of cash and cash equivalents relative to total assets, declining from 70.21% in 2021 to 47.17% in 2026. Simultaneously, long-term assets have increased as a percentage of total assets, rising from 16.11% in 2021 to 33.08% in 2026. This suggests a strategic move away from highly liquid assets towards investments in longer-term initiatives.

Liquidity and Current Assets
Current assets, while still representing the majority of total assets, have experienced a general decline as a percentage of the whole, moving from 83.89% in 2021 to 66.92% in 2026. This decrease correlates with the reduction in cash and cash equivalents. Accounts receivable has shown a consistent, albeit moderate, increase, growing from 8.75% to 12.28% of total assets. Deferred contract acquisition costs, both current and noncurrent, have also increased over the period, indicating growing investment in future revenue streams. Prepaid expenses and other current assets show a more erratic pattern, with a notable increase in later years.
Long-Term Investments and Intangibles
Strategic investments have increased from 0.09% to 0.69% of total assets, though remaining a relatively small portion. Property and equipment, net, has demonstrated a consistent increase, rising from 6.11% to 8.81%. Goodwill has experienced significant fluctuation, peaking at 11.51% in 2022 before settling at 12.30% in 2026. Intangible assets, net, initially increased but have since decreased, ending at 1.23% in 2026. Other long-term assets show a substantial increase in the later years of the period, growing from 0.63% to 3.51%.
Operating Leases
Operating lease right-of-use assets have generally decreased as a percentage of total assets, from 1.34% in 2021 to 0.63% in 2026, suggesting a potential shift in the company’s approach to asset ownership versus leasing.
Overall Asset Composition
The overall trend indicates a transition from a highly liquid asset base to a more diversified asset structure with a greater emphasis on long-term investments, property and equipment, and intangible assets. This shift suggests a strategic focus on growth and expansion, potentially through acquisitions (as evidenced by the goodwill fluctuations) and internal development of capabilities.

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