What is the primary revenue source for CrowdStrike (CRWD)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze CRWD's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out CrowdStrike's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How CrowdStrike Makes Money: CRWD Revenue Breakdown (2027)

Operations

Where did the money come from, and where was it spent?

Watch

Revenue grew while operating profit fell, so growth did not translate into better earnings.

The largest revenue segment accounts for 95.26% of revenue, indicating concentration.

Operating margin declined by 7.63 percentage points year over year.

Revenue: USD 2.86B
Largest revenue segment share (Subscription and Circulation): 95.26%
Selling, general and administrative: USD 1.35B
Research and development: USD 852.53M

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

RevenueTotal revenue · RevenueFromContractWithCustomerIncludingAssessedTax
Selling, general and administrativesum(SellingAndMarketingExpense, GeneralAndAdministrativeExpense)
Largest revenue segment share (Subscription and Circulation)Subscription and Circulation · segment_value / revenue * 100
Research and developmentResearch and development · ResearchAndDevelopmentExpense
Operating marginLoss from operations · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Steady

The company has a net cash position and relies primarily on its own capital.

Cash and cash equivalents: USD 5.01B
Goodwill: USD 2.25B
Property, plant and equipment: USD 1.17B
Total liabilities: USD 6.89B
Shareholder equity: USD 5.14B

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty and equipment, net · PropertyPlantAndEquipmentNet
Shareholder equityTotal stockholders’ equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue

Cash

Did accounting profit ultimately turn into cash?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Free cash flow remains positive after capital expenditure.

Operating cash flow: USD 1.12B
Free cash flow: USD 899.17M

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Free cash flowcfo - capex
Operating cash flowsum(waterfull.operating)

Some conclusions lack complete source metrics and should be interpreted cautiously.

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Share repurchases: USD 175.62M
Stock issuance proceeds: USD 1.67M
Net shareholder return: USD 173.95M

View calculation evidence

YoY periods: H1 2027 compared with H1 2026

Source metrics

Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from issuance of common stock upon exercise of stock options · ProceedsFromStockOptionsExercised · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?