CrowdStrike Holdings, Inc. Files 2024 10-K Report

Ticker: CRWD · Form: 10-K · Filed: Mar 7, 2024 · CIK: 1535527

Crowdstrike Holdings, INC. 10-K Filing Summary
FieldDetail
CompanyCrowdstrike Holdings, INC. (CRWD)
Form Type10-K
Filed DateMar 7, 2024
Risk Levelmedium
Pages14
Reading Time17 min
Key Dollar Amounts$0.0005
Sentimentneutral

Sentiment: neutral

Topics: CrowdStrike, 10-K, Cybersecurity, Financial Report, SEC Filing

TL;DR

<b>CrowdStrike Holdings, Inc. has filed its annual 10-K report for the fiscal year ending January 31, 2024.</b>

AI Summary

CrowdStrike Holdings, Inc. (CRWD) filed a Annual Report (10-K) with the SEC on March 7, 2024. CrowdStrike Holdings, Inc. filed its annual 10-K report for the fiscal year ending January 31, 2024. The filing covers the period from February 1, 2023, to January 31, 2024. The company's principal business address is 206 E. 9th Street, Suite 1400, Austin, TX 78701. CrowdStrike's Standard Industrial Classification code is 7372 (SERVICES-PREPACKAGED SOFTWARE). The report was filed on March 7, 2024.

Why It Matters

For investors and stakeholders tracking CrowdStrike Holdings, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of CrowdStrike's financial performance, business operations, and risk factors for the fiscal year 2024, crucial for investors to assess the company's health and future prospects. The detailed financial data and disclosures within the 10-K are essential for understanding CrowdStrike's revenue streams, profitability, and market position in the cybersecurity sector.

Risk Assessment

Risk Level: medium — CrowdStrike Holdings, Inc. shows moderate risk based on this filing. The company operates in the highly competitive cybersecurity market, facing risks from rapid technological changes and evolving threat landscapes, as indicated by its SIC code and business focus.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand CrowdStrike's performance and competitive positioning in the cybersecurity industry.

Key Numbers

Key Players & Entities

FAQ

When did CrowdStrike Holdings, Inc. file this 10-K?

CrowdStrike Holdings, Inc. filed this Annual Report (10-K) with the SEC on March 7, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by CrowdStrike Holdings, Inc. (CRWD).

Where can I read the original 10-K filing from CrowdStrike Holdings, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CrowdStrike Holdings, Inc..

What are the key takeaways from CrowdStrike Holdings, Inc.'s 10-K?

CrowdStrike Holdings, Inc. filed this 10-K on March 7, 2024. Key takeaways: CrowdStrike Holdings, Inc. filed its annual 10-K report for the fiscal year ending January 31, 2024.. The filing covers the period from February 1, 2023, to January 31, 2024.. The company's principal business address is 206 E. 9th Street, Suite 1400, Austin, TX 78701..

Is CrowdStrike Holdings, Inc. a risky investment based on this filing?

Based on this 10-K, CrowdStrike Holdings, Inc. presents a moderate-risk profile. The company operates in the highly competitive cybersecurity market, facing risks from rapid technological changes and evolving threat landscapes, as indicated by its SIC code and business focus.

What should investors do after reading CrowdStrike Holdings, Inc.'s 10-K?

Investors should review the detailed financial statements and risk factors in the 10-K to understand CrowdStrike's performance and competitive positioning in the cybersecurity industry. The overall sentiment from this filing is neutral.

How does CrowdStrike Holdings, Inc. compare to its industry peers?

CrowdStrike operates in the cybersecurity industry, providing cloud-native endpoint protection and threat intelligence services.

Are there regulatory concerns for CrowdStrike Holdings, Inc.?

As a public company, CrowdStrike is subject to SEC regulations and reporting requirements, including the annual filing of Form 10-K.

Industry Context

CrowdStrike operates in the cybersecurity industry, providing cloud-native endpoint protection and threat intelligence services.

Regulatory Implications

As a public company, CrowdStrike is subject to SEC regulations and reporting requirements, including the annual filing of Form 10-K.

What Investors Should Do

  1. Review CrowdStrike's revenue and profitability trends from the 10-K.
  2. Analyze the competitive landscape and risk factors disclosed in the filing.
  3. Assess CrowdStrike's financial health and strategic initiatives for future growth.

Key Dates

Year-Over-Year Comparison

This is the initial filing analyzed for the fiscal year ending January 31, 2024. Previous filings would provide comparative data.

Filing Stats: 4,269 words · 17 min read · ~14 pages · Grade level 17 · Accepted 2024-03-06 21:07:39

Key Financial Figures

Filing Documents

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 22 Item 1B. Unresolved Staff Comments 55

C

Item 1 C . Cybersecurity 56 Item 2.

Properties

Properties 57 Item 3.

Legal Proceedings

Legal Proceedings 57 Item 4. Mine Safety Disclosures 57 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 58 Item 6. [Reserved] 59 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 60 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 75 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 76 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 113 Item 9A.

Controls and Procedures

Controls and Procedures 113 Item 9B. Other Information 114 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 114 Part III Item 10. Directors, Executive Officers and Corporate Governance 115 Item 11.

Executive Compensation

Executive Compensation 115 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 115 Item 13. Certain Relationships and Related Transactions and Director Independence 115 Item 14. Principal Accountant Fees and Services 115 Part IV Item 15. Exhibits and Financial Statement Schedules 116 Item 16. Form 10-K Summary 116

Signatures

Signatures 119 Power of Attorney 120 1 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K contains forward-looking statements within the meaning of the Securities Act of 1933, as amended (the "Securities Act"), the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. All statements contained in this Annual Report on Form 10-K other than statements of historical fact, including statements regarding our future operating results and financial position, our business strategy and plans and our objectives for future operations, are forward-looking statements. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "plan," "expect" and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the following: our future financial performance, including our expectations regarding our revenue, cost of revenue, gross profit or gross margin, operating expenses (including changes in sales and marketing, research and development, and general and administrative expenses), and our ability to achieve, and maintain, future profitability; market acceptance of our cloud platform; the effects of increased competition in our markets and our ability to compete effectively; our ability to maintain the security and availability of our cloud platform; our ability to maintain and expand our customer base, including by attracting new customers; our ability to develop new solutions, or enhancements to our existing solutions, and bring them to market in a timely manner; anticipated trends, growth rates and challenges in our business and in the markets in which we operate; our business plan and our ability to effectively manage our grow

BUSINESS

ITEM 1. BUSINESS Overview Founded in 2011, CrowdStrike reinvented cybersecurity for the cloud era and transformed the way cybersecurity is delivered and experienced by customers. When we started CrowdStrike, cyberattackers had an asymmetric advantage over legacy cybersecurity products that could not keep pace with rapid changes in adversary tactics. We took a fundamentally different approach to solve this problem with the AI-native CrowdStrike Falcon XDR platform – the first, true, cloud-native platform built with artificial intelligence ("AI") at the core, capable of harnessing vast amounts of security and enterprise data to deliver highly modular solutions through a single lightweight agent. The CrowdStrike Falcon platform is designed to be the definitive platform for cybersecurity consolidation, purpose-built to stop breaches. The platform's single, lightweight agent collects and integrates data from across the enterprise, including endpoints, cloud workloads, identities, and third-party sources. We use this to train our AI to detect and prevent threats and drive workflow automation to give security teams machine speed advantage to stop adversaries. By consolidating and replacing legacy point products and fragmented platforms across key areas of security and IT, the Falcon platform delivers a unified, modern approach that increases capability while reducing complexity and cost – all while stopping breaches. We believe our approach has defined a new category called the Security Cloud, which has the power to transform the cybersecurity industry the same way the cloud has transformed the customer relationship management, human resources, and service management industries. Using cloud-scale AI, our Security Cloud enriches and correlates trillions of cybersecurity events per week with indicators of attack, threat intelligence, and enterprise data (including data from across endpoints, workloads, identities, DevOps, IT assets, and configurations) to create actionab

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