CrowdStrike Holdings (CRWD) FY2022 results: revenue $1.5 billion, up 66.0% on the year

CrowdStrike Holdings, Inc. (CRWD) reported revenue of $1.5 billion for fiscal 2022, the year ended 31 January 2022, up 66.0% on the year before. Net income was -$235 million, and diluted earnings per share $-0.26. The figures are the company's own, from the 10-K it filed with the SEC on 16 March 2022.

Revenue

$1.5 billion

+66.0% on the year

FY2018FY2022

Operating margin

-9.8%

-10.6% a year earlier

FY2018FY2022

Net income

-$235 million

FY2018FY2022

Diluted EPS

-$0.26

FY2018FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ million	FY2022	FY2021	FY2020	On the year
Revenue	1,452	874	481	+66.0%
Cost of revenue	383	230	142	+66.9%
Gross profit	1,068	645	340	+65.7%
Gross margin	73.6%	73.7%	70.6%
Research and development	371	215	130	+73.0%
Operating income	-143	-92.5	-146
Operating margin	-9.8%	-10.6%	-30.3%
Interest expense	25.2	1.6	0.4	+1,518.4%
Pre-tax income	-160	-87.9	-140
Income tax	72.4	4.8	2.0	+1,420.1%
Net income	-235	-92.6	-142
Net margin	-16.2%	-10.6%	-29.5%
Diluted EPS	-$0.26	-$0.11	-$0.24

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2022	FY2021	FY2020	On the year
Operating cash flow	575	357	99.9	+61.2%
Capital expenditure	112	52.8	80.2	+112.4%
Free cash flow	463	304	19.7	+52.3%
Free cash flow margin	31.9%	34.7%	4.1%
Cash from investing	-565	495	-630
Cash from financing	72.5	800	706	-90.9%
Share-based compensation	310	150	79.9	+107.1%
Buybacks	n/a	0.0	0.0
Diluted shares, weighted	909m	871m	592m	+4.3%
Shares outstanding at period end	n/a	n/a	0

Balance sheet

$ million	FY2022	FY2021	FY2020	On the year
Shareholders' equity	1,026	871	742	+17.8%
Non-controlling interest	11.9	1.3	0.5	+813.8%
Debt	740	738	0.0	+0.2%
Operating lease liabilities	25.4	32.0	0.0	-20.7%
Other liabilities	1,816	1,091	662	+66.5%
Total liabilities and equity	3,618	2,733	1,405	+32.4%
Fixed assets	261	167	136	+56.0%
Goodwill	416	83.6	7.7	+398.3%
Intangible assets	97.3	15.7	0.5	+520.9%
Investments	0.0	0.0	647
Cash and equivalents	1,997	1,919	265	+4.1%
Receivables	368	239	165	+53.9%
Other assets	479	308	184	+55.4%
Total assets	3,618	2,733	1,405	+32.4%

10-K for the year ended 31 January 2022, filed 16 March 2022: the filing.