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.
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Price to FCFE (P/FCFE)
- Selected Financial Data since 2020
- Net Profit Margin since 2020
- Return on Equity (ROE) since 2020
- Current Ratio since 2020
- Debt to Equity since 2020
- Total Asset Turnover since 2020
- Price to Book Value (P/BV) since 2020
- Analysis of Debt
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CrowdStrike Holdings Inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 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), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
- Revenue and Subscription Trends
- Revenue exhibited a steady and consistent upward trend from approximately $96 million in April 2019 to over $1.23 billion by April 2025. Subscription revenue, a significant portion of total revenue, increased progressively from about $86 million to nearly $1.17 billion within the same timeframe. This growth suggests a strong and expanding recurring revenue base.
- Professional Services Revenue
- Professional services revenue showed moderate growth overall, rising from around $10 million to approximately $66 million between early 2019 and late 2025. However, the growth rate was slower compared to subscriptions, reflecting either a lesser focus or more variability in this revenue stream.
- Cost of Revenue and Gross Profit
- The cost of revenue increased substantially over the period, from about $29 million to nearly $308 million. Despite rising costs, gross profit showed strong growth, increasing from $67 million to approximately $926 million. This indicates improving gross margins and operational efficiencies accompanying revenue growth.
- Operating Expenses
- Operating expenses rose considerably from $93 million to nearly $1 billion during the period. Sales and marketing expenses accounted for a substantial proportion, increasing from approximately $57 million to nearly $481 million, indicating continued investment in growth and market expansion. Research and development expenses rose sharply from $24 million to about $348 million, reflecting sustained commitment to innovation. General and administrative expenses also increased steadily, albeit at a slower pace, from $12 million to around $167 million.
- Operating Income and Profitability
- Operating income showed volatility, initially negative throughout most periods but improved significantly towards the end, turning positive in the 2023–2024 period before declining somewhat again. Despite substantial revenue growth, operating profitability has been challenged by high operating expenses but shows signs of intermittent operating leverage.
- Interest and Other Income
- Interest expense remained relatively low and stable throughout the period, while interest income increased markedly from the 2021 fiscal year onward, indicating increased cash or investment balances. Other income and expenses exhibited fluctuations without a clear trend, contributing marginally to net income variability.
- Net Income and Tax Provision
- Net income was negative for many quarters, reflecting significant investment and growth expenses, but demonstrated improvement starting around 2023, with positive net income achieved intermittently. The provision for income taxes showed substantial increases and variability, corresponding with net income variations and possibly differing tax strategies or effects of non-recurring items.
- Overall Financial Performance
- The data reveals a business focused on rapid revenue growth largely driven by recurring subscription revenue, with aggressive reinvestment into sales, marketing, and research. While profitability has been constrained historically by elevated operating costs, recent periods indicate improvements in operating and net income, suggesting progress toward sustainable profitability. The strong revenue growth alongside increasing gross profit margins demonstrates successful scaling of the core business.