CrowdStrike Holdings (CRWD) FY2024 results: revenue $3.1 billion, up 36.3% on the year

CrowdStrike Holdings, Inc. (CRWD) reported revenue of $3.1 billion for fiscal 2024, the year ended 31 January 2024, up 36.3% on the year before. Net income was $72 million, and diluted earnings per share $0.07. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2024.

Revenue

$3.1 billion

+36.3% on the year

FY2018FY2024

Operating margin

-0.6%

-8.5% a year earlier

FY2018FY2024

Net income

$72 million

FY2018FY2024

Diluted EPS

$0.07

FY2018FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ million	FY2024	FY2023	FY2022	On the year
Revenue	3,056	2,241	1,452	+36.3%
Cost of revenue	759	601	383	+26.2%
Gross profit	2,300	1,640	1,068	+40.2%
Gross margin	75.3%	73.2%	73.6%
Research and development	780	608	371	+28.3%
Operating income	-19.1	-190	-143
Operating margin	-0.6%	-8.5%	-9.8%
Interest expense	25.8	25.3	25.2	+1.7%
Pre-tax income	106	-160	-160
Income tax	32.2	22.4	72.4	+43.9%
Effective tax rate	30.5%	n/a	n/a
Net income	72.2	-183	-235
Net margin	2.4%	-8.2%	-16.2%
Diluted EPS	$0.07	-$0.20	-$0.26

$ 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	FY2024	FY2023	FY2022	On the year
Operating cash flow	1,166	941	575	+23.9%
Capital expenditure	177	235	112	-24.9%
Free cash flow	990	706	463	+40.2%
Free cash flow margin	32.4%	31.5%	31.9%
Cash from investing	-341	-557	-565
Cash from financing	93.2	77.4	72.5	+20.3%
Share-based compensation	649	527	310	+23.2%
Diluted shares, weighted	975m	933m	909m	+4.5%

Balance sheet

$ million	FY2024	FY2023	FY2022	On the year
Shareholders' equity	2,304	1,464	1,026	+57.4%
Non-controlling interest	33.1	23.8	11.9	+39.3%
Debt	742	741	740	+0.2%
Operating lease liabilities	36.2	29.6	25.4	+22.5%
Other liabilities	3,531	2,769	1,816	+27.5%
Total liabilities and equity	6,647	5,027	3,618	+32.2%
Fixed assets	620	492	261	+26.0%
Goodwill	638	431	416	+48.2%
Intangible assets	115	86.9	97.3	+31.8%
Investments	99.6	250	0.0	-60.2%
Cash and equivalents	3,375	2,455	1,997	+37.5%
Receivables	853	626	368	+36.2%
Other assets	946	685	479	+38.1%
Total assets	6,647	5,027	3,618	+32.2%

10-K for the year ended 31 January 2024, filed 7 March 2024: the filing.