CrowdStrike Holdings Inc., net profit margin, long-term trends, calculation

	Net profit margin	=	100	×	Net income (loss) attributable to CrowdStrike¹	÷	Revenue¹
Jan 31, 2025	-0.49%	=	100	×	(19,271)	÷	3,953,624)
Jan 31, 2024	2.92%	=	100	×	89,327)	÷	3,055,555)
Jan 31, 2023	-8.18%	=	100	×	(183,245)	÷	2,241,236)
Jan 31, 2022	-16.18%	=	100	×	(234,802)	÷	1,451,594)
Jan 31, 2021	-10.59%	=	100	×	(92,629)	÷	874,438)
Jan 31, 2020	-29.45%	=	100	×	(141,779)	÷	481,413)

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).

¹ US$ in thousands

The net profit margin exhibited significant fluctuations between 2020 and 2025. Initially negative, the metric demonstrated improvement over the period, though recent performance indicates a potential reversal of this trend.

Overall Trend: From 2020 to 2024, the net profit margin generally moved towards profitability. However, the most recent year, 2025, shows a return to a negative margin, suggesting potential challenges in maintaining profitability despite continued revenue growth.
Initial Period (2020-2022): The net profit margin was negative throughout the 2020-2022 period, ranging from -29.45% to -16.18%. The magnitude of the loss decreased from 2020 to 2021, but increased again in 2022. This suggests that while the company was growing revenue, it was not yet able to translate that growth into net income.
Transition to Profitability (2023-2024): A notable shift occurred in 2023, with the net profit margin turning positive at 2.92%. This improvement continued into 2024, indicating successful implementation of strategies to control costs or increase pricing power. However, the margin remained relatively low, suggesting limited profitability.
Recent Performance (2025): In 2025, the net profit margin declined to -0.49%, representing a significant decrease from the 2.92% achieved in 2024. This indicates a potential weakening of profitability, despite a substantial increase in revenue. Further investigation would be required to determine the underlying causes of this decline.

The relationship between revenue and net income suggests that while revenue growth has been consistent, achieving sustained profitability remains a challenge. The recent decline in net profit margin warrants close monitoring to assess its impact on the company’s long-term financial health.

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CrowdStrike Holdings Inc., net profit margin, long-term trends, comparison to competitors

	CrowdStrike Holdings Inc.	Accenture PLC	Adobe Inc.	AppLovin Corp.	Cadence Design Systems Inc.	Datadog Inc.	International Business Machines Corp.	Intuit Inc.	Microsoft Corp.	Oracle Corp.	Palantir Technologies Inc.	Palo Alto Networks Inc.	Salesforce Inc.	ServiceNow Inc.	Synopsys Inc.	Workday Inc.
Jan 31, 2025	-0.49%	11.02%	—	—	—	—	—	20.55%	36.15%	21.68%	—	12.30%	16.35%	—	18.89%	6.23%
Jan 31, 2024	2.92%	11.19%	25.85%	33.55%	22.74%	6.85%	9.60%	18.19%	35.96%	19.76%	16.13%	32.11%	11.87%	12.97%	36.94%	19.02%
Jan 31, 2023	-8.18%	10.72%	27.97%	10.87%	25.46%	2.28%	12.13%	16.59%	34.15%	17.02%	9.43%	6.38%	0.66%	19.30%	21.05%	-5.90%
Jan 31, 2022	-16.18%	11.17%	27.01%	-6.84%	23.84%	-2.99%	2.71%	16.23%	36.69%	15.83%	-19.61%	-4.85%	5.45%	4.49%	19.38%	0.57%
Jan 31, 2021	-10.59%	11.69%	30.55%	1.27%	23.29%	-2.02%	10.01%	21.41%	36.45%	33.96%	-33.75%	-11.72%	19.16%	3.90%	18.02%	-6.54%
Jan 31, 2020	-29.45%	11.52%	40.88%	—	22.02%	-4.07%	7.59%	23.78%	30.96%	25.94%	-106.75%	-7.83%	0.74%	2.62%	18.03%	-13.25%