Income Statement
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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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Operating Profit Margin since 2020
- Return on Assets (ROA) since 2020
- Debt to Equity since 2020
- Price to Earnings (P/E) since 2020
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CrowdStrike Holdings Inc., consolidated income statement
US$ in thousands
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).
The financial data reveals significant growth in revenue components, with subscription revenue increasing steadily from approximately 436 million USD in 2020 to over 3.7 billion USD projected for 2025. Professional services revenue also exhibits growth, albeit at a slower pace, rising from about 45 million USD in 2020 to nearly 192 million USD in 2025. Total revenue reflects this upward trajectory, expanding from around 481 million USD in 2020 to nearly 4 billion USD in 2025.
Cost of revenue similarly increases over the years, doubling approximately from 142 million USD in 2020 to over 991 million USD in 2025, driven largely by rising subscription and professional services costs. Despite this, gross profit shows strong growth, climbing from roughly 340 million USD in 2020 to an anticipated 2.96 billion USD in 2025, indicating a consistent capability to scale revenue faster than cost of revenue.
Operating expenses exhibit significant upward movement as well, expanding from approximately 486 million USD in 2020 to over 3 billion USD in 2025. All components of operating expenses—sales and marketing, research and development, and general and administrative expenses—increase markedly. Sales and marketing expenses grow from about 267 million USD in 2020 to more than 1.5 billion USD in 2025, reflecting heavy investment in market expansion. Research and development expenses nearly triple from 130 million USD in 2020 to approximately 1.08 billion USD in 2025, indicating sustained focus on innovation and product development. General and administrative costs also expand steadily, reaching nearly 482 million USD in 2025.
Losses from operations demonstrate fluctuating trends. Initial operating losses of around 146 million USD in 2020 improve to approximately 92 million USD in 2021 but worsen to about 190 million USD in 2023. Notably, the 2024 figure indicates a near breakeven operating loss of 2 million USD, followed by a return to a more substantial loss of approximately 120 million USD in 2025.
Interest expense remains relatively stable, with minor increases from less than 1 million USD in 2020 to about 26 million USD in 2025. Interest income, however, shows a substantial increase from negligible amounts in earlier years to a forecasted 196 million USD in 2025, substantially offsetting interest expenses and positively influencing net income.
Other income is relatively modest and stable throughout the period, contributing minimal fluctuations to overall profitability.
Income before income taxes displays negative figures initially, with losses in excess of 139 million USD in 2020, improving to a positive income of approximately 123 million USD in 2024, before declining again to 55 million USD in 2025. Provisions for income taxes vary but remain comparatively small relative to operating activities, ranging between 2 million and 71 million USD.
Net income follows a volatile path, showing losses from 141 million USD in 2020 to a peak loss of approximately 234 million USD in 2022. The data reveals a turnaround in 2024, with a net income gain of about 90 million USD, followed by a slight projected loss of around 17 million USD in 2025. Net income attributable to non-controlling interests remains minor and negative, indicating that the majority of net results belong to the company.
In conclusion, the data shows robust revenue growth supported by increasing investment in sales, marketing, and research and development. While gross profits expand significantly, operating losses persist with some volatility. The emergence of substantial interest income contributes positively to net income, leading to improved profitability in the mid-term before a slight setback in the latest projection. Overall, the company demonstrates an aggressive growth and investment strategy with intermittent profitability fluctuations.
- Revenue Trends
- Consistent and strong growth in subscription and professional services revenue, driving total revenue close to 4 billion USD by 2025.
- Cost and Gross Profit
- Cost of revenue rises proportionally but gross profit expands markedly, indicating efficient scaling of operations.
- Operating Expenses
- Significant increases across sales and marketing, research and development, and general administration, highlighting substantial reinvestment in growth and innovation.
- Profitability Measures
- Operating losses fluctuate with improvement near breakeven in 2024; continued high operating costs temper profit realization.
- Interest and Other Income
- Interest income rises sharply, offsetting expenses and aiding net income; other income remains minimal.
- Net Income
- Initial losses transitioning to a net income peak in 2024 followed by a minor loss projection in 2025, reflecting volatility amid growth investments.