Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

$24.99

Common-Size Balance Sheet: Assets

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

Microsoft Excel
Jan 31, 2025 Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Cash and cash equivalents
Short-term investments
Accounts receivable, net of allowance for credit losses
Deferred contract acquisition costs, current
Prepaid expenses and other current assets
Current assets
Strategic investments
Property and equipment, net
Operating lease right-of-use assets
Deferred contract acquisition costs, noncurrent
Goodwill
Intangible assets, net
Other long-term assets
Long-term assets
Total assets

Based on: 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), 10-K (reporting date: 2020-01-31).


Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets exhibited a substantial increase from 18.85% in 2020 to a peak of 70.21% in 2021, followed by a gradual decrease in the subsequent years, stabilizing around 49-51% from 2023 onwards. This indicates an initial accumulation of liquid assets which later adjusted to a more balanced composition.
Short-term Investments
The data for short-term investments is incomplete, but available figures show a significant holding of 46.07% of total assets in 2020. This decreased sharply in later years, reaching single-digit percentages by 2023 and 2024, suggesting a reduction in short-term investment focus.
Accounts Receivable, Net
Accounts receivable as a percentage of total assets decreased from 11.74% in 2020 to 8.75% in 2021, then showed a steady increase to approximately 13% by 2025. This pattern may reflect operational growth and increasing credit sales.
Deferred Contract Acquisition Costs (Current)
Current deferred contract acquisition costs remained relatively stable, fluctuating slightly between 2.96% and 3.99%, showing moderate consistency in contract-related asset capitalization.
Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets declined from 3.67% in 2020 to a low of 1.96% in 2021, then progressively increased to 3.61% by 2025, indicating a recovery or increase in prepaid items or miscellaneous current assets over time.
Current Assets
The proportion of current assets relative to total assets remained high but showed a declining trend from 83.4% in 2020 to approximately 70% by 2025, suggesting a moderate shift toward noncurrent asset allocation.
Strategic Investments
Strategic investments increased marginally from 0.07% in 2020 to around 0.9% in the early 2020s, maintaining a stable level thereafter, which indicates a small but consistent allocation to longer-term investment strategies.
Property and Equipment, Net
Property and equipment experienced a decrease from 9.69% in 2020 to a low of 6.11% in 2021, followed by a rebound to near 9% in subsequent years. This pattern suggests an initial reduction in physical assets with later reinvestment or asset acquisition.
Operating Lease Right-of-Use Assets
This asset category appears from 2021 onwards, starting at 1.34% and declining steadily to 0.49% in 2025, reflecting potentially decreasing lease obligations or lease-related assets over time.
Deferred Contract Acquisition Costs (Noncurrent)
Noncurrent deferred contract acquisition costs showed a slight decline from 5.07% in 2020 to around 5% in later years, with a moderate uptick to 5.76% by 2025, indicating some cycles in long-term contract cost capitalizations.
Goodwill
Goodwill increased markedly from 0.55% in 2020 to 11.51% in 2022, then declined slightly before rising again to 10.49% in 2025. This suggests the occurrence of acquisitions or business combinations primarily between 2020 and 2022, with some adjustments thereafter.
Intangible Assets, Net
Intangible assets as a percentage of total assets rose from negligible levels in 2020 to a peak of 2.69% in 2022, then declined slightly to around 1.5% by 2025, reflecting asset amortization or impairment following initial recognition.
Other Long-Term Assets
Other long-term assets decreased from 1.19% in 2020 to 0.58% by 2023, followed by an increase to 1.58% in 2025, indicating fluctuations in miscellaneous long-term asset holdings.
Long-Term Assets
The total long-term assets percentage increased significantly from 16.6% in 2020 to just under 29% by 2025, evidencing a gradual strategic shift toward increased investment in long-term assets, including goodwill, property and equipment, and deferred acquisition costs.
Overall Asset Composition
The overall asset structure shifted over the analyzed period with a move from predominantly current assets in 2020 (over 83%) to a more balanced asset mix with increased long-term asset presence approaching 30% by 2025. This reflects an evolving asset management strategy involving cash liquidity management, investment in fixed and intangible assets, and intangible capital investments through acquisitions.