Recent News
June 17, 2026 — CrowdStrike expanded Project QuiltWorks with AWS to harden cloud attack surfaces against frontier AI risk. June 9, 2026 — the firm released its 2026 Technology Threat Landscape Report highlighting AI-targeting activity. June 2, 2026 — CrowdStrike and Cognizant expanded a strategic alliance to secure the agentic enterprise. July 22, 2026 — CrowdStrike announced a partnership with Cerebras Systems to accelerate AI detection and inference for Falcon.
Technical Analysis
Directional indicators present coordinated bearish pressure: ADX at 26.47 denotes a measurable trend presence, while DI+ (30.53) trending lower signals weakening upside conviction and DI- exhibiting a dip-and-reversal (now increasing) reinforces downside bias; together these readings favor a near-term decline against the current valuation context.
MACD shows weakening momentum: MACD equals 2.72, the MACD line declines and sits below the signal line (5.88), which constitutes a bearish momentum profile and aligns with short-term price pressure relative to the valuation premium.
MRO reads 23.61 and is declining; the positive MRO implies price sits above the oscillator’s target and therefore carries downward potential as momentum normalizes toward implied targets, a dynamic that increases downside risk for an over-valued security.
Price structure and oscillators add near-term caution. The 12-day EMA shows a peak-and-reversal pattern, RSI at 55.8 and falling points to neutral-to-mild bearish momentum, and the close ($190.68) sits below the 20-day average ($210.31) and below the 50-day average ($193.50). Price also trades below short-term Tenkan (207.25) and Kijun (200.82) lines, while remaining above the Ichimoku cloud’s Senkou A (189.23), signaling conflicting longer-term support but clear short-term weakness. The close lies under the 1x lower Bollinger band ($196.41) but above the 2x lower band ($182.51), indicating an intraday overshoot rather than an extreme volatility event; volume slightly under the 10-day average suggests muted participation in the recent move. High short-term beta (42-day = 2.44) raises swing-risk through the next six weeks.
Fundamental Analysis
Top-line growth remains robust: total revenue of $1,385,629,000 and YoY revenue growth of 44.97% with QoQ revenue growth of 6.68% demonstrate continued demand expansion, supporting a premium valuation despite near-term technical weakness.
Profitability metrics show mixed signals versus peers. EBIT equals $45,179,000, producing an EBIT margin of 3.26%, down QoQ by 34.90% and down YoY by 143.26%. By comparison the industry peer mean EBIT margin sits at 40.63% with a median of 49.87% and an industry peer range from -32.77% to 80.92%; CrowdStrike’s margin sits well below the industry peer mean and median, reflecting current investment intensity and margin compression versus peer averages.
Cash generation and balance-sheet metrics support financial flexibility: cash and short-term investments total $4,552,801,000, operating cash flow equals $590,937,000, and free cash flow equals $470,742,000 (free cash flow yield approximately 0.35%). Free cash flow grew YoY by 47.00%, and free cash conversion and a cash conversion ratio of 0.6339 indicate solid conversion of revenue into cash. Debt remains modest: total debt $821,343,000 and debt-to-assets 7.29% with debt-to-equity 17.73%.
Market multiples reflect a steep premium: trailing P/E about 475.76, forward P/E about 273.34, P/S about 96.14, and price-target mean $232.44 versus current close $190.68. EPS for the period printed $0.28 versus an estimate of $0.27, an EPS surprise of roughly 3.70%. Return on equity registers near 0.60% and return on assets near 0.25%, indicating limited current earnings efficiency relative to the company’s size while revenue growth remains strong.
WMDST values the stock as over-valued; the combination of outsized multiples, compressed operating margins relative to the industry peer mean and median, and positive but modest free cash flow yield underpins that valuation verdict.
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: 477.541 mean: 78.425 median: 52.352 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: 1.037 mean: 0.165 median: 0.075 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: 3.078 mean: 0.248 CRWD: 0.177 median: 0.128 low: -2.107 |
|
| 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: 19.185 mean: 7.616 median: 6.661 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: 359.099 mean: 107.288 median: 81.648 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: 74.712 median: 32.739 mean: 32.544 low: 0.213 |
|
| 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 mean: 0.128 CRWD: 0.124 median: 0.124 low: 0.002 |
|
| Receivables Turnover | 1.207 | |
| Receivables Turnover Ratio QoQ | 9.812 % | |
| Receivables Turnover Ratio YoY | 5.967 % | |
| Receivables Turnover Ratio IPRWA | high: 5.131 mean: 1.423 median: 1.277 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: 7.228 mean: 1.738 CRWD: 1.531 median: 1.23 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: 86.943 median: 53.499 mean: 38.243 CRWD: 7.387 low: -64.202 |
|
| 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: 18.552 % median: 8.591 % mean: 8.19 % 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: 11.956 % median: 10.345 % CRWD: -1.786 % low: -73.529 % |
|
| 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: 71.121 % median: 67.197 % low: 35.718 % |
|
| EBIT Margin | 3.261 % | |
| EBIT Margin QoQ | -34.897 % | |
| EBIT Margin YoY | -143.261 % | |
| EBIT Margin IPRWA | high: 80.922 % median: 49.869 % mean: 40.633 % CRWD: 3.261 % low: -32.768 % |
|
| Return On Sales (ROS) | -2.208 % | |
| Return On Sales QoQ | -309.091 % | |
| Return On Sales YoY | -70.708 % | |
| Return On Sales IPRWA | high: 77.678 % median: 45.111 % mean: 36.954 % CRWD: -2.208 % low: -32.768 % |
|
| 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: 5.981 % mean: 0.758 % median: 0.666 % 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: 215.912 % CRWD: 24.486 % median: 24.274 % mean: 9.433 % low: -222.15 % |
|
| 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: 9.707 % median: 4.924 % mean: 4.04 % CRWD: 0.248 % low: -9.216 % |
|
| 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: 0.188 median: 0.081 mean: 0.07 CRWD: 0.006 low: -0.266 |
|
| 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: 19.61 % median: 7.551 % mean: 6.3 % CRWD: -0.615 % low: -14.563 % |
|