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: 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).
- Subscription Revenue
- Subscription revenue demonstrated a consistent and significant upward trend from April 2019 through July 2025, increasing from $85,990 thousand to $1,102,945 thousand. This growth reflects a steady expansion in recurring revenue streams over the examined period.
- Professional Services Revenue
- Professional services revenue showed overall growth but with more volatility compared to subscription revenue. Starting at $10,087 thousand in April 2019, it rose to a peak of $66,007 thousand by July 2025, with some fluctuations in intermediate quarters indicating variability in service demand or delivery.
- Total Revenue
- Total revenue followed a strong upward trajectory from $96,077 thousand in April 2019 to $1,168,952 thousand in July 2025, driven primarily by subscription revenue gains and supplemented by professional services.
- Cost of Revenue
- The cost of revenue increased steadily from $29,273 thousand in April 2019 to $310,283 thousand in July 2025. Both subscription and professional services components of the cost rose correspondingly, although subscription-related costs grew at a faster absolute pace, reflecting the expanding scale of subscription services.
- Gross Profit
- Gross profit exhibited a strong and continuous increase from $66,804 thousand to $858,669 thousand across the time frame. The gross margin improvement indicates effective management of direct costs relative to the revenue growth, supporting scalability in operations.
- Operating Expenses
- Operating expenses, comprising sales and marketing, research and development, and general and administrative costs, increased substantially over the period. Sales and marketing expenses rose from $56,843 thousand to $447,024 thousand, research and development from $23,875 thousand to $346,668 thousand, and general and administrative costs from $11,861 thousand to $177,956 thousand, reflecting significant investment in growth, product development, and administrative support.
- Income (Loss) from Operations
- Operating income/loss displayed considerable fluctuation, starting with a negative $25,775 thousand in April 2019, worsening to a low point in early 2022, then showing partial recovery in mid-2023 and 2024, with a brief period of positive operating income before reverting to losses again in 2025. This volatility depicts challenges in balancing growth investments with operating profitability.
- Interest Expense and Income
- Interest expense remained relatively stable at a low level, generally under $7,000 thousand, while interest income began appearing in late 2021 and grew markedly, reaching over $50,000 thousand by mid-2025, contributing positively to the financial results.
- Other Income (Expense), Net
- Other income and expenses fluctuated without a clear trend, showing episodic gains and losses that had minor impact on overall profitability compared to other financial components.
- Income (Loss) Before Income Taxes
- This metric mirrored the operating income trend with significant losses early on, nearing breakeven and turning positive briefly in mid-2023 and 2024, but returning to losses toward the end of the period analyzed.
- Provision for Income Taxes
- Tax provisions fluctuated over the quarters, with spikes corresponding to periods of operating profitability or accounting adjustments. High tax provisions in some quarters contributed to net income volatility.
- Net Income (Loss)
- Net income reflected persistent net losses throughout most of the period with significant volatility. Losses deepened during 2021 and early 2022, then improved in mid-2023 and 2024, achieving positive net income in a few quarters, before turning negative again by mid-2025. This pattern indicates ongoing challenges in achieving sustained profitability amidst rapid growth and investment.
- Net Income (Loss) Attributable to CrowdStrike
- Attributable net income closely followed the overall net income trend, with consistent net losses dominating the data set, punctuated by brief periods of positive earnings in 2023 and 2024.