Recent News
June 3, 2026 — CrowdStrike reported fiscal results and announced a four-for-one stock split with split-adjusted trading expected to begin July 2, 2026. June 16–17, 2026 — the company expanded Falcon AI’s gateway ecosystem and detailed new AI- and cloud-focused innovations with AWS, and announced Project QuiltWorks expansion to harden frontier-AI attack surfaces. July 15, 2026 — CrowdStrike appointed AJ Shipley as Chief Product Officer. July 22, 2026 — CrowdStrike and Cerebras announced a strategic partnership to power Falcon AIDR.
Technical Analysis
ADX / DI+/DI-: ADX at 34.86 indicates a strong directional trend. DI+ shows a peak-and-reversal (bearish) while DI- sits at 16.63 and remains increasing (bearish). Together, a strong ADX with a falling DI+ and rising DI- signals sellers gaining control and raises downside risk versus the present valuation.
MACD: MACD at 6.17 sits below its signal line at 8.29 and displays a peak-and-reversal, indicating bearish momentum; no bullish MACD cross recently materialized, reinforcing short-term downside bias.
MRO (Momentum/Regression Oscillator): MRO at 25.39 registers positive, which indicates the price currently sits above the model target and therefore carries a bias toward a price decrease; the magnitude suggests non-trivial corrective potential relative to current levels.
RSI: RSI at 60.91 with a decreasing trend shows momentum softening while remaining above neutral; the reading supports momentum loss rather than a decisive breakout to the upside.
Price Structure & Breadth: The last close at $183.42 sits below the 20-day average ($196.03) but above the 50-day ($176.98) and 200-day ($130.90), indicating short-term weakness within a longer-term advance. Price lies between the 1x and 2x lower Bollinger bands (lower 1x = $186.85, lower 2x = $177.66), adding room for a corrective move toward the 50-day average. Short-term volatility remains elevated (42-day beta 1.85 versus 52-week beta 1.45) while volume (6.36M) runs below 10-/50-/200-day averages, reducing conviction in directional moves until volume normalizes.
Fundamental Analysis
Revenue & Growth: Total revenue stands at $1,385,629,000 with YoY revenue growth of 44.97% and QoQ growth of 6.68%, confirming robust top-line expansion that supports premium multiple justification.
Profitability: Gross margin at 75.30% sits above the industry peer mean of 71.59%, demonstrating strong product-level economics. Operating income recorded negative $30,600,000 and operating margin stands at -2.21%; EBIT equals $45,179,000 for an EBIT margin of 3.26%. EBIT margin declined QoQ by 34.90% and declined YoY by 143.26%, signaling near-term margin pressure despite positive gross margins.
Earnings & Cash Flow: Reported EPS of $0.28 exceeded the estimate of $0.27 by $0.01, an EPS surprise ratio of 3.70%. Operating cash flow totaled $590,937,000 and free cash flow reached $470,742,000, producing a free cash flow yield of 0.35%, which falls below the industry peer mean free cash flow yield of 0.87%.
Leverage & Liquidity: Cash and short-term investments total $4,552,801,000 while total debt totals $821,343,000; the cash ratio equals 1.11 and current ratio 1.53 (current ratio down QoQ -13.65% and YoY -17.21%). Debt-to-EBITDA sits at 6.17, indicating elevated leverage relative to operating earnings despite modest absolute debt levels.
Valuation Multiples: Price/sales at 96.14x, price/book 28.75x (above the industry peer mean of 9.96x and median 10.76x), and P/E at 475.76x. Enterprise value to revenue sits at 93.44 and enterprise multiple at 972.73. Forward P/E near 273.34x and forward PS 26.85x reflect compressed forward profitability expectations. These multiples, combined with free cash flow yield below peer mean, drive the WMDST valuation.
WMDST Valuation: The current valuation as determined by WMDST: over-valued. Premium multiples reflect strong revenue growth and high gross margin, but operating margin deterioration, modest free cash flow yield relative to peers, and elevated leverage to EBITDA dilute valuation support.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-04-30 |
| REPORT DATE: | 2026-06-03 |
| NEXT REPORT DATE: | 2026-09-02 |
| CASH FLOW | Begin Period Cash Flow | $ 5.3 B |
| Operating Cash Flow | $ 590.9 M | |
| Capital Expenditures | $ -120.19 M | |
| Change In Working Capital | $ 102.3 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ -598.89 M | |
| End Period Cash Flow | $ 4.7 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.4 B | |
| Forward Revenue | $ 5.0 B | |
| COSTS | ||
| Cost Of Revenue | $ 342.3 M | |
| Depreciation | $ 75.5 M | |
| Depreciation and Amortization | $ 87.9 M | |
| Research and Development | $ 408.3 M | |
| Total Operating Expenses | $ 1.4 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.0 B | |
| EBITDA | $ 133.1 M | |
| EBIT | $ 45.2 M | |
| Operating Income | $ -30.60 M | |
| Interest Income | $ 40.5 M | |
| Interest Expense | $ 6.1 M | |
| Net Interest Income | $ 34.4 M | |
| Income Before Tax | $ 39.1 M | |
| Tax Provision | $ -6.90 M | |
| Tax Rate | 40.0 % | |
| Net Income | $ 27.8 M | |
| Net Income From Continuing Operations | $ 46.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.27 | |
| EPS Actual | $ 0.28 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 3.704 % | |
| Forward EPS | $ 0.39 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 11.3 B | |
| Intangible Assets | $ 2.6 B | |
| Net Tangible Assets | $ 2.1 B | |
| Total Current Assets | $ 6.3 B | |
| Cash and Short-Term Investments | $ 4.6 B | |
| Cash | $ 4.6 B | |
| Net Receivables | $ 933.9 M | |
| Inventory | — | |
| Long-Term Investments | $ 469.5 M | |
| LIABILITIES | ||
| Accounts Payable | $ 54.2 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 4.1 B | |
| Net Debt | — | |
| Total Debt | $ 821.3 M | |
| Total Liabilities | $ 6.6 B | |
| EQUITY | ||
| Total Equity | $ 4.6 B | |
| Retained Earnings | $ -1.26 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 18.21 | |
| Shares Outstanding | 1.018 B | |
| Revenue Per-Share | $ 5.44 | |
| VALUATION | Market Capitalization | $ 133.2 B |
| Enterprise Value | $ 129.5 B | |
| Enterprise Multiple | 972.729 | |
| Enterprise Multiple QoQ | 29.967 % | |
| Enterprise Multiple YoY | -118.815 % | |
| Enterprise Multiple IPRWA | CRWD: 972.729 high: 920.935 mean: 180.001 median: 68.756 low: -246.135 |
|
| EV/R | 93.442 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.432 | |
| Asset To Liability | 1.709 | |
| Debt To Capital | 0.151 | |
| Debt To Assets | 0.073 | |
| Debt To Assets QoQ | -1.474 % | |
| Debt To Assets YoY | -19.076 % | |
| Debt To Assets IPRWA | high: 0.755 median: 0.393 mean: 0.369 CRWD: 0.073 low: 0.005 |
|
| Debt To Equity | 0.177 | |
| Debt To Equity QoQ | -4.287 % | |
| Debt To Equity YoY | -22.119 % | |
| Debt To Equity IPRWA | high: 2.622 median: 0.613 mean: 0.59 CRWD: 0.177 low: -1.569 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 28.746 | |
| Price To Book QoQ | 14.312 % | |
| Price To Book YoY | -3.361 % | |
| Price To Book IPRWA | CRWD: 28.746 high: 16.13 median: 10.755 mean: 9.962 low: -10.151 |
|
| Price To Earnings (P/E) | 475.758 | |
| Price To Earnings QoQ | 21.23 % | |
| Price To Earnings YoY | -15.73 % | |
| Price To Earnings IPRWA | CRWD: 475.758 high: 321.173 mean: 92.621 median: 88.787 low: -196.279 |
|
| PE/G Ratio | -266.382 | |
| Price To Sales (P/S) | 96.135 | |
| Price To Sales QoQ | 12.688 % | |
| Price To Sales YoY | 3.339 % | |
| Price To Sales IPRWA | CRWD: 96.135 high: 54.952 mean: 29.694 median: 28.124 low: 2.232 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 273.338 | |
| Forward PE/G | -153.045 | |
| Forward P/S | 26.855 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -5.028 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.124 | |
| Asset Turnover Ratio QoQ | -0.04 % | |
| Asset Turnover Ratio YoY | -2.139 % | |
| Asset Turnover Ratio IPRWA | high: 0.368 CRWD: 0.124 mean: 0.106 median: 0.084 low: 0.048 |
|
| Receivables Turnover | 1.207 | |
| Receivables Turnover Ratio QoQ | 9.812 % | |
| Receivables Turnover Ratio YoY | 5.967 % | |
| Receivables Turnover Ratio IPRWA | high: 3.24 median: 1.818 mean: 1.75 CRWD: 1.207 low: 0.46 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 75.592 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 97.13 mean: 58.726 median: 53.784 CRWD: 0 low: -56.99 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.634 | |
| CapEx To Revenue | -0.087 | |
| CapEx To Depreciation | -1.592 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 5.4 B | |
| Net Invested Capital | $ 5.4 B | |
| Invested Capital | $ 5.4 B | |
| Net Tangible Assets | $ 2.1 B | |
| Net Working Capital | $ 2.2 B | |
| LIQUIDITY | ||
| Cash Ratio | 1.106 | |
| Current Ratio | 1.531 | |
| Current Ratio QoQ | -13.652 % | |
| Current Ratio YoY | -17.214 % | |
| Current Ratio IPRWA | high: 4.221 CRWD: 1.531 mean: 1.135 median: 1.115 low: 0.314 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 6.171 | |
| Cost Of Debt | 0.448 % | |
| Interest Coverage Ratio | 7.387 | |
| Interest Coverage Ratio QoQ | -14.689 % | |
| Interest Coverage Ratio YoY | -159.64 % | |
| Interest Coverage Ratio IPRWA | high: 54.688 mean: 8.56 CRWD: 7.387 median: 4.731 low: -7.182 |
|
| Operating Cash Flow Ratio | 0.144 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 23.353 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.654 % | |
| Revenue Growth | 6.148 % | |
| Revenue Growth QoQ | 6.681 % | |
| Revenue Growth YoY | 44.966 % | |
| Revenue Growth IPRWA | high: 15.729 % median: 11.6 % mean: 6.949 % CRWD: 6.148 % low: -13.038 % |
|
| Earnings Growth | -1.786 % | |
| Earnings Growth QoQ | -110.716 % | |
| Earnings Growth YoY | -93.868 % | |
| Earnings Growth IPRWA | high: 66.142 % mean: 19.898 % median: 4.912 % CRWD: -1.786 % low: -166.667 % |
|
| MARGINS | ||
| Gross Margin | 75.298 % | |
| Gross Margin QoQ | -1.082 % | |
| Gross Margin YoY | 2.035 % | |
| Gross Margin IPRWA | high: 90.951 % CRWD: 75.298 % mean: 71.589 % median: 67.555 % low: 63.318 % |
|
| EBIT Margin | 3.261 % | |
| EBIT Margin QoQ | -34.897 % | |
| EBIT Margin YoY | -143.261 % | |
| EBIT Margin IPRWA | high: 35.488 % median: 29.524 % mean: 21.43 % CRWD: 3.261 % low: -21.178 % |
|
| Return On Sales (ROS) | -2.208 % | |
| Return On Sales QoQ | -309.091 % | |
| Return On Sales YoY | -70.708 % | |
| Return On Sales IPRWA | high: 36.254 % median: 29.524 % mean: 20.897 % CRWD: -2.208 % low: -23.448 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 470.7 M | |
| Free Cash Flow Yield | 0.353 % | |
| Free Cash Flow Yield QoQ | 3.824 % | |
| Free Cash Flow Yield YoY | 28.832 % | |
| Free Cash Flow Yield IPRWA | high: 7.322 % mean: 0.865 % median: 0.478 % CRWD: 0.353 % low: -3.884 % |
|
| Free Cash Growth | 24.486 % | |
| Free Cash Growth QoQ | -9.852 % | |
| Free Cash Growth YoY | 47.001 % | |
| Free Cash Growth IPRWA | high: 258.401 % CRWD: 24.486 % mean: -24.943 % median: -30.039 % low: -162.367 % |
|
| Free Cash To Net Income | 16.949 | |
| Cash Flow Margin | 8.35 % | |
| Cash Flow To Earnings | 4.166 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.248 % | |
| Return On Assets QoQ | -56.028 % | |
| Return On Assets YoY | -119.605 % | |
| Return On Assets IPRWA | high: 5.741 % median: 1.698 % mean: 1.472 % CRWD: 0.248 % low: -3.342 % |
|
| Return On Capital Employed (ROCE) | 0.631 % | |
| Return On Equity (ROE) | 0.006 | |
| Return On Equity QoQ | -55.332 % | |
| Return On Equity YoY | -118.754 % | |
| Return On Equity IPRWA | high: 0.154 median: 0.115 mean: 0.065 CRWD: 0.006 low: -0.177 |
|
| DuPont ROE | 0.613 % | |
| Return On Invested Capital (ROIC) | -0.615 % | |
| Return On Invested Capital QoQ | -181.135 % | |
| Return On Invested Capital YoY | -60.728 % | |
| Return On Invested Capital IPRWA | high: 17.018 % median: 3.266 % mean: 2.782 % CRWD: -0.615 % low: -10.126 % |
|