CrowdStrike Holdings Inc. (NASDAQ:CRWD)

Common equity (market value) and total equity exhibit a similar trajectory over the analyzed periods. Both metrics saw a substantial increase from January 31, 2020, to January 31, 2022, with common equity rising from approximately 10.97 billion US dollars to around 43.77 billion US dollars, and total equity showing a corresponding rise from approximately 10.97 billion US dollars to about 43.78 billion US dollars. However, a noticeable decline occurs in the following year, January 31, 2023, where common equity drops to approximately 28.70 billion US dollars, and total equity decreases similarly to around 28.72 billion US dollars.

Subsequently, equity levels surged again by January 31, 2024, peaking at approximately 79.74 billion US dollars for common equity and 79.77 billion US dollars for total equity, representing the highest values across the periods. By January 31, 2025, there is a slight reduction in equity values, with common equity at about 76.56 billion US dollars and total equity at roughly 76.60 billion US dollars, indicating a marginal decrease from the previous year but maintaining a significantly higher level than the earliest periods.

The total equity and debt show a gradual upward movement over the timeframe, starting at approximately 10.97 billion US dollars in January 31, 2020, and rising steadily to about 44.52 billion US dollars by January 31, 2022. A slight reduction is observed in January 31, 2023, down to approximately 29.46 billion US dollars, followed by a resurgence to a peak of roughly 80.51 billion US dollars by January 31, 2024. By January 31, 2025, it decreases modestly to around 77.34 billion US dollars, mirroring the trend seen in equity values.

Enterprise value follows a trend generally consistent with the equity figures, climbing significantly from approximately 10.06 billion US dollars in January 31, 2020, reaching about 42.52 billion US dollars by January 31, 2022. A marked decline to approximately 26.76 billion US dollars occurs by January 31, 2023. Following this, the enterprise value experiences a significant increase to approximately 77.04 billion US dollars by January 31, 2024. In the latest period, January 31, 2025, enterprise value decreases somewhat to around 73.02 billion US dollars.

The financial data shows a pattern of strong growth in equity, equity plus debt, and enterprise value from 2020 to early 2022, followed by a notable contraction in 2023 across all measures. This contraction is then succeeded by a robust rebound reaching peak values in 2024, with a slight easing in 2025. The fluctuations may reflect changes in market conditions, valuation adjustments, or operational factors affecting the company’s capitalization and enterprise valuation. The large increases in equity and enterprise value relative to the starting point indicate a growth phase interrupted by a transient period of decline but consolidated by subsequent recovery.