Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
CrowdStrike Holdings Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30).
Revenue exhibits a consistent and aggressive upward trajectory over the analyzed period, growing from 178.08 million USD in April 2020 to 1.39 billion USD by April 2026. This growth is primarily driven by subscription revenue, which maintains a strong correlation with total revenue growth, while professional services revenue grows at a significantly slower pace, reflecting a business model heavily weighted toward recurring subscription streams.
- Revenue Composition and Growth
- Subscription revenue increased from 162.22 million USD to 1.32 billion USD, representing the vast majority of total income. Professional services revenue, while increasing from 15.86 million USD to 64.78 million USD, constitutes a diminishing percentage of total revenue over time, indicating an increasing reliance on the scalability of the subscription platform.
- Gross Profitability
- Gross profit demonstrates steady growth, rising from 131.18 million USD to 1.04 billion USD. The cost of revenue has scaled in tandem with growth, but the expansion of gross profit suggests a high-margin core product. The ability to maintain substantial gross profits despite increasing costs of revenue indicates strong pricing power and operational efficiency at the delivery level.
- Operating Expense Trends
- Total operating expenses have scaled significantly, increasing from 153.76 million USD to 1.07 billion USD. Sales and marketing expenses remain the largest expenditure, showing a sharp increase to support market expansion. Research and development costs also grew substantially, from 40.58 million USD to 408.33 million USD, signaling a sustained commitment to product innovation. General and administrative expenses grew more moderately but still contributed to the overall increase in the cost base.
- Operating Income Volatility
- Income from operations remained negative for the majority of the early period, reflecting heavy investment in growth. A transition toward operational profitability was observed between October 2023 and July 2024, where positive operating income was achieved. However, a significant reversal occurred between October 2024 and July 2025, with operating losses peaking at 118.71 million USD in January 2025, before returning to a positive position in January 2026.
- Net Income and Non-Operating Factors
- Net income is characterized by extreme volatility. Early losses were consistent, followed by a period of profitability in 2024. A sharp downturn occurred in early 2025, with net losses reaching 105.05 million USD in January 2025. Interest income provided a significant buffer during later periods, growing from negligible amounts to peak at 52.20 million USD in October 2024, which partially offset operational losses. Net income attributable to the company recovered to 27.77 million USD by April 2026.
AI Ask an analyst for more