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
3 months ended:
Jan 31, 2026
Oct 31, 2025
Jul 31, 2025
Apr 30, 2025
Jan 31, 2025
Oct 31, 2024
Jul 31, 2024
Apr 30, 2024
Jan 31, 2024
Oct 31, 2023
Jul 31, 2023
Apr 30, 2023
Jan 31, 2023
Oct 31, 2022
Jul 31, 2022
Apr 30, 2022
Jan 31, 2022
Oct 31, 2021
Jul 31, 2021
Apr 30, 2021
Jan 31, 2021
Oct 31, 2020
Jul 31, 2020
Apr 30, 2020
Subscription
1,242,265)
1,168,705)
1,102,945)
1,050,768)
1,008,316)
962,735)
918,257)
872,172)
795,947)
733,463)
689,972)
651,175)
598,263)
547,376)
506,199)
459,822)
405,443)
357,030)
315,836)
281,228)
244,662)
213,530)
184,256)
162,222)
Professional services
63,110)
65,539)
66,007)
52,666)
50,222)
47,443)
45,615)
48,864)
49,388)
52,551)
41,654)
41,405)
39,104)
33,506)
28,954)
28,012)
25,567)
23,021)
21,854)
21,615)
20,267)
18,930)
14,715)
15,856)
Revenue
1,305,375)
1,234,244)
1,168,952)
1,103,434)
1,058,538)
1,010,178)
963,872)
921,036)
845,335)
786,014)
731,626)
692,580)
637,367)
580,882)
535,153)
487,834)
431,010)
380,051)
337,690)
302,843)
264,929)
232,460)
198,971)
178,078)
Subscription
(261,986)
(257,915)
(253,640)
(242,374)
(229,641)
(216,301)
(199,910)
(189,657)
(175,509)
(159,830)
(153,306)
(142,100)
(149,426)
(134,229)
(120,087)
(107,942)
(95,544)
(85,464)
(75,993)
(64,903)
(54,348)
(49,583)
(44,037)
(37,244)
Professional services
(49,712)
(49,890)
(56,643)
(46,769)
(44,349)
(38,786)
(37,491)
(35,346)
(33,063)
(35,174)
(29,611)
(27,130)
(26,178)
(23,999)
(20,480)
(18,890)
(17,076)
(16,200)
(14,439)
(13,602)
(12,384)
(11,944)
(10,354)
(9,651)
Cost of revenue
(311,698)
(307,805)
(310,283)
(289,143)
(273,990)
(255,087)
(237,401)
(225,003)
(208,572)
(195,004)
(182,917)
(169,230)
(175,604)
(158,228)
(140,567)
(126,832)
(112,620)
(101,664)
(90,432)
(78,505)
(66,732)
(61,527)
(54,391)
(46,895)
Gross profit
993,677)
926,439)
858,669)
814,291)
784,548)
755,091)
726,471)
696,033)
636,763)
591,010)
548,709)
523,350)
461,763)
422,654)
394,586)
361,002)
318,390)
278,387)
247,258)
224,338)
198,197)
170,933)
144,580)
131,183)
Sales and marketing
(463,581)
(481,032)
(447,024)
(439,617)
(409,504)
(408,267)
(355,471)
(350,114)
(290,357)
(286,186)
(282,916)
(281,107)
(246,439)
(239,672)
(224,766)
(193,532)
(162,594)
(164,960)
(153,861)
(135,131)
(112,449)
(105,602)
(95,127)
(88,138)
Research and development
(356,409)
(347,564)
(346,668)
(334,129)
(315,142)
(275,602)
(250,908)
(235,249)
(213,998)
(196,072)
(179,362)
(179,065)
(191,845)
(155,256)
(137,864)
(123,399)
(105,018)
(97,630)
(90,455)
(78,180)
(66,070)
(57,539)
(50,483)
(40,578)
General and administrative
(159,901)
(167,286)
(177,956)
(165,201)
(145,203)
(126,945)
(106,434)
(103,734)
(102,737)
(105,589)
(101,804)
(82,634)
(84,979)
(84,148)
(80,263)
(67,954)
(74,312)
(56,061)
(50,345)
(42,374)
(35,481)
(31,951)
(28,961)
(25,043)
Operating expenses
(979,891)
(995,882)
(971,648)
(938,947)
(869,849)
(810,814)
(712,813)
(689,097)
(607,092)
(587,847)
(564,082)
(542,806)
(523,263)
(479,076)
(442,893)
(384,885)
(341,924)
(318,651)
(294,661)
(255,685)
(214,000)
(195,092)
(174,571)
(153,759)
Income (loss) from operations
13,786)
(69,443)
(112,979)
(124,656)
(85,301)
(55,723)
13,658)
6,936)
29,671)
3,163)
(15,373)
(19,456)
(61,500)
(56,422)
(48,307)
(23,883)
(23,534)
(40,264)
(47,403)
(31,347)
(15,803)
(24,159)
(29,991)
(22,576)
Interest expense
(7,552)
(6,931)
(6,823)
(6,715)
(6,664)
(6,587)
(6,549)
(6,511)
(6,422)
(6,503)
(6,444)
(6,387)
(6,352)
(6,334)
(6,335)
(6,298)
(6,302)
(6,403)
(6,296)
(6,230)
(1,049)
(193)
(174)
(143)
Interest income
47,856)
50,883)
50,850)
45,380)
46,597)
52,201)
51,526)
45,850)
41,685)
40,086)
36,638)
30,521)
27,016)
16,245)
7,727)
1,507)
2,769)
1,019)
—)
—)
—)
—)
—)
—)
Other income (expense), net
3,750)
2,223)
(2,722)
(3,896)
(1,095)
(429)
(1,031)
7,656)
3,616)
(474)
(1,734)
230)
(2,782)
750)
3,380)
1,705)
(1,090)
(329)
619)
4,768)
682)
272)
732)
4,533)
Income (loss) before provision for income taxes
57,840)
(23,268)
(71,674)
(89,887)
(46,463)
(10,538)
57,604)
53,931)
68,550)
36,272)
13,087)
4,908)
(43,618)
(45,761)
(43,535)
(26,969)
(28,157)
(45,977)
(53,080)
(32,809)
(16,170)
(24,080)
(29,433)
(18,186)
Provision for income taxes
3,621)
(10,720)
(5,971)
(21,106)
(46,268)
(6,281)
(10,914)
(7,667)
(13,609)
(9,603)
(4,611)
(4,409)
(5,314)
(8,870)
(4,778)
(3,440)
(13,582)
(4,473)
(4,238)
(50,062)
(2,832)
(451)
(441)
(1,036)
Net income (loss)
61,461)
(33,988)
(77,645)
(110,993)
(92,731)
(16,819)
46,690)
46,264)
54,941)
26,669)
8,476)
499)
(48,932)
(54,631)
(48,313)
(30,409)
(41,739)
(50,450)
(57,318)
(82,871)
(19,002)
(24,531)
(29,874)
(19,222)
Net (income) loss attributable to non-controlling interest
The income statement reveals a period of substantial growth followed by increased volatility and, ultimately, a return to strong profitability. Revenue demonstrates a consistent upward trajectory throughout the observed period, increasing from $178.078 million in April 2020 to $1,305.375 million in January 2026. However, profitability metrics exhibit more fluctuation, particularly in the earlier years of the observation window.
Revenue Growth
Revenue growth accelerated from approximately 11% quarter-over-quarter in the initial periods to exceeding 20% in several quarters between October 2021 and January 2023. While growth rates moderated in later periods, revenue continued to increase consistently. The final reported value for July 2025 shows revenue at $1,305.375 million.
Gross Profit
Gross profit mirrored the revenue trend, increasing from $131.183 million in April 2020 to $993.677 million in January 2026. However, the rate of gross profit growth was not always consistent with revenue growth, indicating potential fluctuations in the cost of revenue. The gross profit margin, while generally healthy, experienced compression in certain quarters, particularly between April 2021 and January 2023.
Operating Expenses
Operating expenses, encompassing sales and marketing, research and development, and general and administrative costs, increased significantly over the period. Sales and marketing expenses consistently represented the largest portion of operating expenses. While these investments fueled revenue growth, they also contributed to substantial operating losses in the earlier periods. A notable increase in operating expenses is observed between October 2021 and January 2024, before stabilizing and showing a slight decrease in the final reported periods.
Profitability
The company experienced operating losses in the initial years, peaking at a loss of $82.871 million in April 2021. Operating performance improved significantly from late 2022, transitioning to operating income of $36.272 million in January 2026. Net income followed a similar pattern, with substantial net losses in the earlier periods, culminating in a net loss of $85.049 million in April 2021, before achieving consistent net income in later periods, reaching $61.461 million in January 2026. The provision for income taxes fluctuated, reflecting the company’s profitability and tax position.
Cost of Revenue
Cost of revenue increased steadily alongside revenue, starting at $46.895 million in April 2020 and reaching $311.698 million in January 2026. The cost of revenue as a percentage of revenue generally decreased over time, suggesting improved operational efficiency, although there were periods of fluctuation. Professional services costs also increased, but at a slower rate than subscription costs.
Subscription vs. Professional Services
Subscription revenue consistently comprised the vast majority of total revenue, demonstrating strong growth throughout the period. Professional services revenue also increased, but at a slower pace. The contribution of professional services to overall revenue remained relatively stable, typically representing around 10-15% of total revenue.
In summary, the financial performance demonstrates a transition from a high-growth, investment-intensive phase characterized by operating losses to a more mature phase of sustained revenue growth and increasing profitability. The company’s ability to manage operating expenses and improve gross margins was crucial in achieving this turnaround.
