Crowdstrike Holdings, INC. 10-Q Filing

Ticker: CRWD · Form: 10-Q · Filed: Nov 27, 2024 · CIK: 1535527

Crowdstrike Holdings, INC. 10-Q Filing Summary
FieldDetail
CompanyCrowdstrike Holdings, INC. (CRWD)
Form Type10-Q
Filed DateNov 27, 2024
Pages15
Reading Time18 min
Key Dollar Amounts$0.0005
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 10-Q filing submitted by Crowdstrike Holdings, INC. (ticker: CRWD) to the SEC on Nov 27, 2024.

What are the key financial figures in this filing?

Key dollar amounts include: $0.0005 (stered Class A common stock, par value $0.0005 per share CRWD The Nasdaq Stock Market).

How long is this filing?

Crowdstrike Holdings, INC.'s 10-Q filing is 15 pages with approximately 4,557 words. Estimated reading time is 18 minutes.

Where can I view the full 10-Q filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 4,557 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-11-26 21:24:56

Key Financial Figures

Filing Documents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited) Condensed Consolidated Balance Sheets as of October 31, 2024 and January 31, 2024 6 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended October 31, 2024 and October 31, 2023 7 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended October 31, 2024 and October 31, 2023 8 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended October 31, 2024 and October 31, 2023 9 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended October 31, 2024 and October 31, 2023 11 Notes to Unaudited Condensed Consolidated Financial Statements 12 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 47 Item 4.

Controls and Procedures

Controls and Procedures 47

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 48 Item 1A.

Risk Factors

Risk Factors 48 Item 2. Unregistered Shares of Equity Securities and Use of Proceeds 83 Item 3. Defaults Upon Senior Securities 83 Item 4. Mine Safety Disclosures 83 Item 5. Other Information 83 Item 6. Exhibits 83

Signatures

Signatures 85 2 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q 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 Quarterly Report on Form 10-Q 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 growth and associated in

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS CrowdStrike Holdings, Inc. Condensed Consolidated Balance Sheets (in thousands, except per share data) (unaudited) October 31, January 31, 2024 2024 Assets Current assets: Cash and cash equivalents $ 4,260,324 $ 3,375,069 Short-term investments — 99,591 Accounts receivable, net of allowance for credit losses of $ 1.8 million and $ 2.2 million as of October 31, 2024 and January 31, 2024, respectively 813,922 853,105 Deferred contract acquisition costs, current 294,229 246,370 Prepaid expenses and other current assets 203,852 183,172 Total current assets 5,572,327 4,757,307 Strategic investments 68,246 56,244 Property and equipment, net 746,567 620,172 Operating lease right-of-use assets 46,289 48,211 Deferred contract acquisition costs, noncurrent 421,773 335,933 Goodwill 722,016 638,041 Intangible assets, net 109,354 114,518 Other long-term assets 96,386 76,094 Total assets $ 7,782,958 $ 6,646,520 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 79,214 $ 28,180 Accrued expenses 176,598 125,896 Accrued payroll and benefits 324,889 234,624 Operating lease liabilities, current 15,658 14,150 Deferred revenue 2,363,258 2,270,757 Other current liabilities 40,763 23,672 Total current liabilities 3,000,380 2,697,279 Long-term debt 743,610 742,494 Deferred revenue, noncurrent 833,260 783,342 Operating lease liabilities, noncurrent 32,683 36,230 Other liabilities, noncurrent 77,414 50,086 Total liabilities 4,687,347 4,309,431 Commitments and contingencies (Note 8) Stockholders' Equity Preferred stock, $ 0.0005 par value; 100,000 shares authorized as of October 31, 2024 and January 31, 2024; no shares issued and outstanding as of October 31, 2024 and January 31, 2024. — — Class A common stock, $ 0.0005 par value; 2,000,000 shares authorized as of October 31, 2024 and January 31, 2024; 233,849 shares and 229,380 shares issued and outstanding as of October 31, 2024 and January 31,

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