CrowdStrike Holdings (CRWD) 10-K risk factor changes: FY2023 vs FY2022

Our business is subject to numerous risks and uncertainties, any one of which could materially adversely affect our business, results of operations, financial [removed: condition] [added: condition,] and growth prospects.

This summary is not complete, and should be read together with the entire section titled “Risk Factors” in this Annual Report on [added: Form 10-K, as well as the other information in this Annual Report on Form 10-K and the other filings that we make with the SEC.]

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- We have a history of [removed: losses] [added: losses,] and [added: while we have achieved profitability in quarterly periods, we] may not be able to achieve or sustain profitability in the future.

For example, our headcount grew from [removed: 3,394] [added: 4,965] employees as of January 31, [removed: 2021,] [added: 2022,] to [removed: 7,273] [added: 7,925] employees as of January 31, [removed: 2023.][added: 2024.]

We have a history of [removed: losses] [added: losses,] and [added: while we have achieved profitability in quarterly periods, we] may not be able to achieve or sustain profitability in the future.

We have incurred net losses [removed: in all periods since our inception,] [added: each year prior to fiscal 2024,] and we may not achieve or maintain profitability in the future.

We experienced net [added: gains of $89.3 million for fiscal 2024, and net] losses of $183.2 million, [removed: $234.8 million,] and [removed: $92.6] [added: $234.8] million for fiscal 2023, [removed: fiscal 2022,] and fiscal [removed: 2021,] [added: 2022,] respectively.

As of January 31, [removed: 2023,] [added: 2024,] we had an accumulated deficit of $1.1 billion.

While we have experienced significant growth in revenue in recent periods, [added: and have achieved profitability during quarterly periods,] we cannot assure you when or whether we will reach [removed: or maintain] [added: sustained] profitability.

We also have incurred and expect to continue to incur significant additional legal, [removed: accounting, and other expenses as a public company.]

Furthermore, if we or other SaaS security providers experience security incidents, loss or disclosure of customer data, disruptions in delivery, or other problems, the market for SaaS solutions as a [added: whole, including our security solutions, could be negatively affected.]

Failure [removed: in this regard] [added: to effectively deliver, integrate, and manage perceptions with respect to enhancements and new solutions] may erode our competitive position, significantly impair our revenue growth, and negatively impact our operating results.

For example, any deterioration in general economic conditions, including as a result of the geopolitical environment, the outbreak of diseases [removed: such as COVID-19] or [added: other public health crises, volatility in the banking and financial services sector, or] inflation (as well as government policies such as raising interest rates in response to inflation), have in the past and may in the future cause our current and prospective customers to delay or cut their overall security and IT operations spending, and such delays or cuts may fall disproportionately on cloud-based security solutions like ours.

Economic weakness, customer financial difficulties, and constrained spending on security and IT operations may result in decreased revenue, reduced sales, an increase in multi-phase subscription start dates, shorter terms for customer subscriptions, [removed: lengthened sales cycles, increased churn, lower demand for our products, and adversely affect our results of operations and financial conditions.]

The market for security and IT operations solutions is intensely competitive, fragmented, and characterized by rapid changes in technology, customer requirements, industry standards, increasingly sophisticated attackers, and by frequent introductions of new or improved products [added: or services] to combat security threats.

- network security vendors who are supplementing their core perimeter-based offerings with endpoint [added: or cloud] security solutions; [removed: and]

Conditions in our market could [added: also] change rapidly and significantly [removed: as a result of technological advancements,] [added: due to] partnering or acquisitions by our competitors or continuing market consolidation.

Due to a variety of both internal and external factors, including, without limitation, defects or misconfigurations of our [added: or third-party] solutions, our solutions could be or become vulnerable to security incidents (both from intentional attacks and accidental causes) that cause them to fail to secure endpoints and detect and block attacks.

Because we host customer data on our cloud platform, which in some cases may contain personally-identifiable information or potentially confidential information, a security compromise, or an accidental or intentional misconfiguration or malfunction of our platform [added: or third-party platforms] could result in personally-identifiable information and other customer data being accessible such as to attackers or to other customers.

If any of our customers experiences a successful cyberattack while using our solutions or services, such customer could be disappointed with our Falcon platform, regardless of whether our solutions or services blocked the theft of any of such customer’s data, [added: if the customer failed to protect its own credentials,] or if the attack would have otherwise been mitigated or prevented if the customer had fully deployed aspects of our Falcon platform.

Such efforts may also intensify [removed: if] [added: as] geopolitical tensions increase.

[removed: We also] [added: Moreover, we] utilize third-party service providers to, among other things, host, transmit, or otherwise process electronic data in connection with our business activities, including our supply chain, operations, and communications.

As a result, we may be unable to anticipate these techniques or implement adequate measures to prevent an intrusion into our networks, which could result in unauthorized access to customer data, intellectual property including access to our source code, and information about vulnerabilities in our product, which in turn, could reduce the effectiveness of our solutions, or lead to cyberattacks or other intrusions of our customers’ networks, litigation, governmental audits and investigations and significant legal fees, any or all of which could [added: damage our relationships with our existing customers and could have a negative effect on our ability to attract and retain new customers.]

- the amount and timing of operating costs [added: (including new hires), tightening of labor markets] and capital expenditures related to the expansion of our business;

- increases or decreases in our expenses caused by fluctuations in foreign currency exchange rates; [removed: and]

Our solutions may fail to detect or prevent threats in any particular [added: test for a number of reasons that may or may not be related to the efficacy of our solutions in real world environments.]

[removed: If we fail to effectively manage our existing sales channels, or if our channel partners are unsuccessful in fulfilling the orders for our solutions, or if we are unable to enter into] arrangements with, and retain a sufficient number of, high quality channel partners in each of the regions in which we sell solutions and keep them motivated to sell our products, our ability to sell our products and results of operations will be harmed.

We derived approximately [added: 32%,] 30%, [removed: 28%,] and 28% of our total revenue from our international customers for fiscal [removed: 2023,] [added: 2024,] fiscal [removed: 2022,] [added: 2023,] and fiscal [removed: 2021,] [added: 2022,] respectively.

We expect that our existing cash and cash equivalents [added: and short-term investments] will be sufficient to meet our anticipated cash needs for working capital and capital expenditures for at least the next 12 months.

Retaining or expanding our current levels of personnel and [removed: products] [added: product and service] offerings may require additional funds to respond to business challenges, including the need to develop new products [added: or services] and enhancements to our Falcon platform, improve our operating infrastructure, or acquire complementary businesses and technologies.

Our failure to raise additional capital or generate the significant capital necessary to expand our operations and invest in new products [added: or services] could reduce our ability to compete and could harm our business.

The technology industry has [removed: recently] experienced widespread component shortages and delivery delays, including as a result of geopolitical tensions, [removed: the COVID-19 pandemic] [added: public health crises] and natural disasters.

[added: The efforts we have taken to protect our] intellectual property may not be sufficient or effective, and our trademarks, copyrights and patents may be held invalid or unenforceable.

[added: If we are prevented from using certain technology or] intellectual property, we may be required to develop alternative, non-infringing technology, which could require significant time, effort and expense and may ultimately not be successful.

Additionally, if we are unable to license technology from third parties, we may be forced to acquire or develop alternative technology, which we may be unable to do in a commercially feasible manner or at all, and may require us to use alternative technology of lower [removed: quality or performance standards.]

Ensuring [removed: that our collection, use, transfer, storage and other processing of personal information complies] [added: compliance] with such requirements [removed: can] [added: may] increase operating costs, impact [added: our data processing practices and policies and] the development of new products or services, and reduce operational [removed: efficiency.][added: efficiency, any of which could adversely affect our business and operations.]

For example, we are required to comply with the European Union (“EU”) General Data Protection Regulation [removed: (“GDPR”),] [added: (“GDPR”) and its equivalent in the U.K. (“U.K. GDPR”),] which [removed: imposes] [added: impose] stringent obligations regarding the collection, control, use, sharing, disclosure and other processing of personal data.

Legal developments in the European Economic Area [removed: (“EEA”), including recent rulings from the Court of Justice of the European Union (“CJEU”) and from various EU member state data protection authorities,] [added: (“EEA”)] have created complexity and uncertainty regarding processing and transfers of personal data from the EEA to the United States and other so-called third countries outside the EEA, including in the context of website cookies.

While we have taken steps to mitigate the impact on us, such as implementing the European Commission’s standard contractual clauses [removed: (“SCCs”),] [added: (“SCCs”) and] the [added: U.K.’s international Data Transfer Agreement (or the U.K.’s international data transfer addendum that can be used with the SCCs), the] efficacy and longevity of these mechanisms remains uncertain.

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accounting, and other expenses as a public company.

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lengthened sales cycles, increased churn, lower demand for our products, and adversely affect our results of operations and financial conditions.

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- cloud security vendors, including those who focus on public cloud infrastructure and services;

- identify security vendors that seek to identify and secure user accounts and related activities; and

Conditions in our market could change rapidly and significantly as a result of technological advancements, including with respect to AI.

Our competitors may more successfully incorporate AI into their products, gain or leverage superior access to certain AI technologies, and achieve higher market acceptance of their AI solutions.

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- deteriorating or volatile conditions in the global economy and financial markets, including as a result of weak or negative gross domestic product growth, uncertainty or disruptions in the capital and credit markets, changing interest rates, inflation, bank failures or adverse conditions impacting financial institutions, and supply-chain disruptions; and

- political events, geopolitical unrest or tension, acts of war and terrorism.

If we fail to effectively manage our existing sales channels, or if our channel partners are unsuccessful in fulfilling the orders for our solutions, or if we are unable to enter into

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quality or performance standards.

European data protection authorities have already imposed fines for GDPR violations of up to, in some cases, hundreds of millions of Euros.

On July 10, 2023, the European Commission adopted an adequacy decision concluding that the U.S. ensures an adequate level of protection for personal data transferred from the EU to the U.S. under the recently adopted EU-U.S. Data Privacy Framework (followed on October 12, 2023 with the adoption of an adequacy decision in the U.K. for the U.K.-U.S. Data Bridge); however, such new

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adequacy decision has been challenged in EU courts, and is likely to face additional challenges.

There also has been increased regulatory scrutiny from the SEC with respect to adequately disclosing risks concerning cybersecurity and data privacy.

Such scrutiny from the SEC increases the risk of investigations into the cybersecurity practices, and related disclosures, of companies within its jurisdiction.

Increased scrutiny of technologies like AI may also become subject to regulation under new laws or new applications of existing laws, such as the AI Act being considered in the EU.

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The U.S. export control laws and U.S. economic sanctions laws include prohibitions on the sale or supply of certain products and services to U.S. embargoed or sanctioned countries, governments, persons and entities and also require authorization for the export of encryption items.

If we fail to comply with these laws and regulations, we and certain of our employees could be subject to civil or criminal penalties, including the possible loss of export privileges and monetary penalties.

This could result in negative consequences to us, including government investigations, penalties and harm to our reputation.

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We are subject to anti-corruption, anti-bribery and similar laws, and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.

In addition, we use channel partners, agents and other third-parties to sell our products or conduct business on our behalf.

Form 10-K, as well as the other information in this Annual Report on Form 10-K and the other filings that we make with the SEC.

whole, including our security solutions, could be negatively affected.

damage our relationships with our existing customers and could have a negative effect on our ability to attract and retain new customers.

- political events;

- significant natural disasters and other catastrophic events, including the occurrence of a contagious disease or illness, such as COVID-19.

Furthermore, our business and revenues are impacted by global economic and geopolitical conditions.

Volatile financial markets, inflation, rising interest rates, supply chain challenges, political turmoil and other disruptions to global and regional economies and markets continue to add uncertainty to macroeconomic conditions.

Any continued or further uncertainty, weakness or deterioration in economic conditions or the geopolitical environment could harm our business and results of operations.

test for a number of reasons that may or may not be related to the efficacy of our solutions in real world environments.

Public health crises, such as the COVID-19 pandemic could adversely affect our business, operating results and future revenue.

We are subject to public health crises, such as the COVID-19 pandemic, which has impacted and continues to impact worldwide economic activity and financial markets.

We have previously taken and may in the future take precautionary measures intended to mitigate the spread of the COVID-19 virus and minimize the risk to our employees, customers, partners, and the communities in which we operate to respond to developments relating to the pandemic, including developments relating to infection rates, disease variants, vaccination progress and efficacy, and evolving public health guidance.

These measures could, for example, negatively affect our customer success efforts, delay and lengthen our sales cycles, impact our sales and marketing efforts, slow our international expansion efforts, increase cybersecurity risks, and create operational or other challenges, any of which could harm our business and results of operations.

In addition, public health crises may disrupt the operations of our customers and partners for an indefinite period of time.

Some of our customers have been negatively impacted by the COVID-19 pandemic, which could result in delays in accounts receivable collection, or result in decreased technology spending which could negatively affect our revenues.

More generally, the COVID-19 pandemic adversely affected economies and financial markets globally.

Uncertainty caused by public health crises could lead to prolonged economic downturns, which could result in a larger customer churn than we can anticipate and reduce demand for our products and services, in which case our revenues could be significantly impacted.

The lasting impact of the public health crises, including the COVID-19 pandemic, may also exacerbate other risks discussed in this “Risk Factors” section and elsewhere in this Annual Report on Form 10-K.

The efforts we have taken to protect our

For example, in March 2022, Webroot, Inc. and Open Text, Inc. filed a lawsuit against us alleging that certain of our products infringe on patents held by them.

If we are prevented from using certain technology or

If we are found to have violated applicable laws or regulations, we also may be subject to penalties, fines, damages, injunctions or other outcomes that may adversely affect our operations and financial results.

The CCPA also prohibits covered businesses

from discriminating against California residents for exercising any of their CCPA rights.

At least four such laws, in Virginia, Colorado, Connecticut, and Utah, have taken effect, or are scheduled to take effect, in 2023.

These state statutes, and other similar state or federal laws that may be enacted in the future, may require us to modify our data processing practices and policies, incur substantial compliance-related costs and expenses, and otherwise suffer adverse impacts on our business.

Additionally, following the United Kingdom’s withdrawal from the EU, we also are subject to the U.K. General Data Protection Regulation (“U.K. GDPR”), a version of the GDPR as implemented into the laws of the United Kingdom (“U.K.”).

The cost of compliance, and the potential for fines and penalties for non-compliance, with GDPR and U.K. GDPR may have a significant adverse effect on our business and operations.

Moreover, in 2021, the European Commission adopted new SCCs, which impose on companies additional obligations relating to personal data transfers out of the EEA, including the obligation to update internal privacy practices, conduct transfer impact assessments and, as required, implement additional security measures.

The new SCCs may increase the legal risks and liabilities under EU laws associated with cross-border data transfers, and result in material increased compliance and operational costs.

While the European Commission announced in March 2022 that an agreement in principle had been reached between EU and U.S. authorities regarding a new transatlantic data privacy framework, no formal agreement has been finalized, and any such agreement, if formalized, is likely to face challenge at the CJEU.

Adding further complexity for international data flows, in March 2022, the U.K. adopted its own International Data Transfer Agreement (“IDTA”) for transfers of personal data out of the U.K. to so-called third countries, as well as an international data transfer addendum (U.K. Addendum) that can be used with the SCCs for the same purpose.

relating to data privacy and security.

We are subject to laws and regulations, including governmental export controls, that could subject us to liability or impair our ability to compete in our markets.

We incorporate standard encryption algorithms into our products, which, along with the underlying technology, may be exported outside of the U.S. only with the required export authorizations, including by license, license exception or other appropriate government authorizations, which may require the filing of an encryption registration and classification request.

Furthermore, U.S. export control laws and economic sanctions prohibit the shipment of certain cloud-based solutions to countries, governments, and persons targeted by U.S. sanctions.

We also collect information about cyber threats from open sources, intermediaries, and third parties, which we use and make available to our customers in our threat industry publications.

In addition, we cannot assure you that third parties, many of whom we do not control, have complied with all such laws or regulations.

Failure by our employees, representatives, contractors, agents, intermediaries, or other third parties to comply with such laws and regulations in the collection of this information could adversely affect us, through reputational harm, loss of access to certain markets, government investigations, and civil and criminal penalties.

Any change in export or import regulations, economic sanctions or related legislation, shift in the enforcement or scope of existing regulations, or change in the countries, governments, persons or technologies targeted by such regulations, could result in decreased use of our products by, or in our decreased ability to export or sell our products to, existing or potential customers with international operations.

This section of this Form 10-K generally discusses fiscal [removed: 2023] [added: 2024] and [removed: 2022] [added: 2023] items and year-over-year comparisons between fiscal [removed: 2023] [added: 2024] and [removed: 2022.][added: 2023.]

Discussions of fiscal [removed: 2021] [added: 2022] items and year-over-year comparisons between fiscal [removed: 2022] [added: 2023] and [removed: 2021] [added: 2022] are not included in this Form 10-K, and can be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K for the fiscal year ended January 31, [removed: 2022.][added: 2023.]

Our fiscal years ended January 31, [removed: 2023,] [added: 2024,] January 31, [removed: 2022,] [added: 2023,] and January 31, [removed: 2021,] [added: 2022,] are referred to herein as fiscal [removed: 2023,] [added: 2024,] fiscal [removed: 2022,] [added: 2023,] and fiscal [removed: 2021,] [added: 2022,] respectively.*

We took a fundamentally different approach to solve this problem with the [added: AI-native] CrowdStrike Falcon [added: XDR] platform – the first, true cloud-native platform [added: built with AI at the core,] capable of harnessing vast amounts of security and enterprise data to deliver highly modular solutions through a single lightweight agent.

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[removed: Subscription Customers][added: | Subscription | | | 94 | | % | | | | 94 | | % | | | | 94 | | % |]

[removed: We] [added: For the purposes of calculating our dollar-based net retention rate, we] define a subscription customer as a separate legal entity that has entered into a distinct subscription agreement for access to [added: our] Falcon platform for which the term has not ended or with which we are negotiating a renewal contract.

| | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2022] [added: 2023] | | | | | | [added: 2022] | | |

| Year-over-year growth | | | [removed: 41] [added: 34] | | % | | | | [removed: 65] [added: 48] | | % | | | | | | |

To the extent that we are negotiating a renewal with a customer after the expiration of the subscription, we continue to include that revenue in ARR if we are actively in discussion with such [removed: an] organization for a new subscription or renewal, or until such organization notifies us that it is not renewing its subscription.

| Annual recurring revenue | | | $ | [removed: 2,559,694] [added: 3,435,150] | | | | | $ | [removed: 1,731,342] [added: 2,559,694] | | | | | | | |

ARR increased [removed: 65%] [added: 34%] year-over-year and grew to [removed: $1.7] [added: $3.4] billion as of January 31, [removed: 2022,] [added: 2024,] of which [removed: $681.3] [added: $875.5] million was net new ARR added during fiscal [removed: 2022, including $4.5 million from the acquisitions of Humio and SecureCircle.][added: 2024.]

Our dollar-based net retention rate can fluctuate from period to period due to large customer contracts in a given period, which may reduce our dollar-based net retention rate in subsequent periods if the customer makes a larger upfront purchase and does not continue to increase [added: the size of their] purchases.

| Dollar-based net retention rate | | | [removed: 125.3] [added: 119] | | % | | | | [removed: 123.9] [added: 125] | | % | | | | | | |

For each of these categories of expense, employee-related expenses are the most significant component, which include salaries, [added: employee bonuses, sales commissions, and employer payroll tax.]

Sales and marketing expenses also include stock-based compensation; expenses related to our Fal.Con customer conference and other marketing events; an allocated portion of facilities and administrative expenses; amortization of acquired [removed: intangibles,] [added: intangibles;] and cloud hosting and related services costs related to proof of value efforts.

*Research and Development.* Research and development expenses primarily consist of employee-related expenses such as salaries and bonuses; stock-based compensation; [removed: consulting expenses related to the design, development, testing,] [added: cloud hosting] and [removed: enhancements of our subscription services;] [added: related costs;] and an allocated portion of facilities and administrative expenses.

However, we anticipate research and development expenses to decrease as a percentage of our total revenue over time, although our research and development expenses may fluctuate as a percentage of our total revenue from [removed: period-to-period] [added: period to period] depending on the timing of these expenses.

However, we anticipate general and administrative expenses to decrease as a percentage of our total revenue over [removed: time] [added: time,] although our general and administrative expenses may fluctuate as a percentage of our total revenue from [removed: period-to-period] [added: period to period] depending on the timing of these expenses.

*Interest Income.* Interest income consists primarily of income earned on our [removed: cash and] [added: cash,] cash [removed: equivalents] [added: equivalents,] and short-term investments.

*Other Income, Net.* Other income, [removed: net,] [added: net] consists primarily of gain and losses on strategic [removed: investments and] [added: investments,] foreign currency transaction gains and [removed: losses.][added: losses, and gains and losses on cash and cash equivalents and short-term investments.]

*Provision for Income Taxes.* Provision for income taxes consists of state income taxes in the United States, foreign income taxes, [removed: including taxes related to the intercompany sale of intellectual property,] and withholding taxes related to customer payments in certain foreign jurisdictions in which we conduct business.

We maintain a full valuation allowance on our U.S. federal and state and [removed: U.K.] [added: certain foreign] deferred tax assets, [added: including net operating loss carryforwards and tax credits,] which we have determined are not realizable on a [removed: more likely than not] [added: more-likely-than-not] basis.

Net income attributable to non-controlling interest consists of the Falcon Funds’ non-controlling interest share of [removed: mark-to-market] gains and losses and interest income from our strategic investments.

| | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2021] [added: 2022] | | |

| Subscription | | | $ | [removed: 2,111,660] [added: 2,870,557] | | | | | $ | [removed: 1,359,537] [added: 2,111,660] | | | | | $ | [removed: 804,670] [added: 1,359,537] | |

| Professional services | | | [removed: 129,576] [added: 184,998] | | | | | | [removed: 92,057] [added: 129,576] | | | | | | [removed: 69,768] [added: 92,057] | | |

| Total revenue | | | [removed: 2,241,236] [added: 3,055,555] | | | | | | [removed: 1,451,594] [added: 2,241,236] | | | | | | [removed: 874,438] [added: 1,451,594] | | |

| Subscription | | | [removed: 511,684] [added: 630,745] | | | | | | [removed: 321,904] [added: 511,684] | | | | | | [removed: 185,212] [added: 321,904] | | |

| Professional services | | | [removed: 89,547] [added: 124,978] | | | | | | [removed: 61,317] [added: 89,547] | | | | | | [removed: 44,333] [added: 61,317] | | |

| Total cost of revenue | | | [removed: 601,231] [added: 755,723] | | | | | | [removed: 383,221] [added: 601,231] | | | | | | [removed: 229,545] [added: 383,221] | | |

| Gross profit | | | [removed: 1,640,005] [added: 2,299,832] | | | | | | [removed: 1,068,373] [added: 1,640,005] | | | | | | [removed: 644,893] [added: 1,068,373] | | |

| Sales and marketing | | | [removed: 904,409] [added: 1,140,566] | | | | | | [removed: 616,546] [added: 904,409] | | | | | | [removed: 401,316] [added: 616,546] | | |

| Research and development | | | [removed: 608,364] [added: 768,497] | | | | | | [removed: 371,283] [added: 608,364] | | | | | | [removed: 214,670] [added: 371,283] | | |

| General and administrative | | | [removed: 317,344] [added: 392,764] | | | | | | [removed: 223,092] [added: 317,344] | | | | | | [removed: 121,436] [added: 223,092] | | |

| Total operating expenses | | | [removed: 1,830,117] [added: 2,301,827] | | | | | | [removed: 1,210,921] [added: 1,830,117] | | | | | | [removed: 737,422] [added: 1,210,921] | | |

| Loss from operations | | | [removed: (190,112)] [added: (1,995)] | | | | | | [removed: (142,548)] [added: (190,112)] | | | | | | [removed: (92,529)] [added: (142,548)] | | |

| Interest expense | | | [removed: (25,319)] [added: (25,756)] | | | | | | [removed: (25,231)] [added: (25,319)] | | | | | | [removed: (1,559)] [added: (25,231)] | | |

| Interest income | | | [removed: 52,495] [added: 148,930] | | | | | | [removed: 3,788] [added: 52,495] | | | | | | [removed: 4,968] [added: 3,788] | | |

| Other income, net | | | [removed: 3,053] [added: 1,638] | | | | | | [removed: 3,968] [added: 3,053] | | | | | | [removed: 1,251] [added: 3,968] | | |

| | | | 2024 | | | | | | 2023 | | | | | | | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | 2024 | | | | | | 2023 | | | | | | | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | 2024 | | | | | | 2023 | | | | | | $ | | | | | | % | | |

| Subscription | | | $ | 2,870,557 | | | | | $ | 2,111,660 | | | | | $ | 758,897 | | | | | 36 | | % |

| Total revenue | | | $ | 3,055,555 | | | | | $ | 2,241,236 | | | | | $ | 814,319 | | | | | 36 | | % |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | 2024 | | | | | | 2023 | | | | | | $ | | | | | | % | | |

| Subscription | | | $ | 630,745 | | | | | $ | 511,684 | | | | | $ | 119,061 | | | | | 23 | | % |

| Professional services | | | 124,978 | | | | | | 89,547 | | | | | | 35,431 | | | | | | 40 | | % |

| Total cost of revenue | | | $ | 755,723 | | | | | $ | 601,231 | | | | | $ | 154,492 | | | | | 26 | | % |

| | | | 2024 | | | | | | 2023 | | | | | | $ | | | | | | % | | |

| Subscription gross profit | | | $ | 2,239,812 | | | | | $ | 1,599,976 | | | | | $ | 639,836 | | | | | 40 | | % |

| Total gross profit | | | $ | 2,299,832 | | | | | $ | 1,640,005 | | | | | $ | 659,827 | | | | | 40 | | % |

| | | | 2024 | | | | | | 2023 | | | | | | | | |

Subscription gross margin increased by 2% in fiscal 2024, compared to fiscal 2023.

The increase in subscription gross margin was primarily due to an increase in cloud hosting efficiency during fiscal 2024 compared to fiscal 2023.

The increase in professional services gross margin was primarily due to increased utilization during fiscal 2024 compared to fiscal 2023.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | 2024 | | | | | | 2023 | | | | | | $ | | | | | | % | | |

| | | | 2024 | | | | | | 2023 | | | | | | $ | | | | | | % | | |

| | | | 2024 | | | | | | 2023 | | | | | | $ | | | | | | % | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | 2024 | | | | | | 2023 | | | | | | $ | | | | | | % | | |

| Interest income | | | $ | 148,930 | | | | | $ | 52,495 | | | | | $ | 96,435 | | | | | 184 | | % |

| | | | 2024 | | | | | | 2023 | | | | | | $ | | | | | | % | | |

The increase in provision for income taxes during fiscal 2024 compared to fiscal 2023 was primarily attributable to an increase in withholding taxes related to customer payments in certain foreign jurisdictions in which the Company conducts business.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

We regularly evaluate the need for a valuation allowance.

Due to recent profitability, a material reversal of our valuation allowance in U.S. jurisdictions in the foreseeable future is reasonably possible.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| Net change in cash, cash equivalents and restricted cash | | | 920,673 | | | | | | 460,291 | | | | | | 78,025 | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

Net cash provided by financing activities of $93.2 million during fiscal 2024 was primarily due to proceeds from our employee stock purchase plan of $76.4 million, proceeds from the exercise of stock options of $8.7 million, and capital contributions from non-controlling interests of $8.1 million.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| Revenue | | | $ | 3,055,178 | |

| Cost of revenue | | | 795,433 | | |

Our pioneering platform approach keeps customers ahead of attackers by automatically detecting and preventing threats to stop breaches.

While initially we focused our sales and marketing efforts on large enterprises, in recent years we have also increased our sales and marketing to small and medium sized businesses.

The following table sets forth the number of our subscription customers as of the dates presented:

| | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| | | | As of January 31, | | | | | | | | | | | | | | |

| Subscription customers | | | 23,019 | | | | | | 16,325 | | | | | | | | |

We added 6,694 net new subscription customers during fiscal 2023, for a total of 23,019 subscription customers as of January 31, 2023, representing 41% growth year-over-year.

We added 6,429 net new subscription customers during fiscal 2022 for a total of 16,325 subscription customers as of January 31, 2022, representing 65% growth year-over-year.

Given our initiatives to grow customers served through our managed service security provider partners, which are not included in our subscription customer metrics, and to move further down-market, as well as the growing number of smaller end customers that we serve, which tend to contribute significantly less ARR on a per customer basis when compared to larger enterprises, we believe that our subscription customer metric no longer provides valuable insight into the performance of our business.

As a result, beginning in the first quarter of fiscal 2024, we will no longer provide a number of subscription customers as a key metric on which to evaluate the strength of our business.

| Year-over-year growth | | | 48 | | % | | | | 65 | | % | | | | | | |

Our dollar-based net retention rate was above 120% throughout fiscal years 2023 and 2022.

Our dollar-based net retention rate has varied from quarter to quarter due to a number of factors, and we expect that trend to continue.

In addition, we have seen strong success with our strategy to land bigger deals with more modules, and we are also seeing an acceleration in our acquisition of new customers.

While we view these two trends as positive developments, they have a natural trade off on our ability to expand business with existing customers in the near term.

employee bonuses, sales commissions, and employer payroll tax.

| Subscription | | | 23 | | % | | | | 22 | | % | | | | 21 | | % |

| Subscription | | | $ | 2,111,660 | | | | | $ | 1,359,537 | | | | | $ | 752,123 | | | | | 55 | | % |

| Total revenue | | | $ | 2,241,236 | | | | | $ | 1,451,594 | | | | | $ | 789,642 | | | | | 54 | | % |

As of January 31, 2023, we had a total of 23,019 subscription customers, which represents 41% growth from January 31, 2022.

| Subscription | | | $ | 511,684 | | | | | $ | 321,904 | | | | | $ | 189,780 | | | | | 59 | | % |

| Professional services | | | 89,547 | | | | | | 61,317 | | | | | | 28,230 | | | | | | 46 | | % |

| Total cost of revenue | | | $ | 601,231 | | | | | $ | 383,221 | | | | | $ | 218,010 | | | | | 57 | | % |

| Subscription gross profit | | | $ | 1,599,976 | | | | | $ | 1,037,633 | | | | | $ | 562,343 | | | | | 54 | | % |

| Total gross profit | | | $ | 1,640,005 | | | | | $ | 1,068,373 | | | | | $ | 571,632 | | | | | 54 | | % |

Subscription gross margin was relatively flat for fiscal 2023, compared to fiscal 2022.

The decrease in professional services gross margin was primarily due to higher employee-related expenses and higher stock-based compensation, partially offset by an increase in the number of professional service hours performed and an increase in service offerings that are not based on billable hours during fiscal 2023 compared to fiscal 2022.

| Interest income | | | $ | 52,495 | | | | | $ | 3,788 | | | | | $ | 48,707 | | | | | 1,286 | | % |

The decrease in provision for income taxes during fiscal 2023 compared to fiscal 2022 was primarily due to a decrease in tax expense related to gains from the intercompany sale of intellectual property from acquisitions.

Net cash provided by financing activities of $800.1 million during fiscal 2021 was primarily due to $739.6 million related to the issuance of our Senior Notes, after deducting the underwriting commissions and issuance costs paid as of January 31, 2021, proceeds from our employee stock purchase plan of $34.3 million, and proceeds from the exercise of stock options of $28.8 million, partially offset by $3.3 million debt issuance costs related to the revolving credit facility.

| Revenue | | | $ | 2,241,236 | |

| Cost of revenue | | | 639,637 | | |

| Operating expenses | | | 1,855,244 | | |

| Net loss | | | (237,920) | | |

| Net loss attributable to CrowdStrike | | | (237,920) | | |

| Noncurrent assets | | | 1,443,684 | | | | | | | | |

| Current liabilities | | | 2,027,443 | | | | | | | | |

| Intercompany payable to non-Guarantors | | | 289,242 | | | | | | | | |

Contractual Obligations

Our cash and cash equivalents primarily consist of cash on hand and highly liquid investments in [removed: time deposits and] money market [removed: funds.][added: funds, U.S. Treasury bills, and time deposits.]

Our short-term investments consist of [added: U.S. Treasury bills and] time deposits.

As of January 31, 2023, we had cash and cash equivalents of $2.5 [removed: billion,] [added: billion and] short-term investments of $250.0 [removed: million, and no marketable securities.][added: million.]

The effect of a hypothetical 100 basis point change in interest rates would not have had a material effect on the fair market value of our portfolio as of January 31, [added: 2024 or January 31,] 2023.

The functional [removed: currency] [added: currencies] of our foreign subsidiaries [removed: is that] [added: are generally the] country’s local currency.

Foreign currency transaction gains and losses are recorded to other [removed: income,] [added: income (expense),] net.

A hypothetical 10% adverse change in the U.S. dollar against other currencies would have resulted in an increase in operating loss of approximately [added: $75.8 million,] $55.5 million and $36.3 million for the fiscal years ended January 31, [added: 2024, January 31,] 2023 and January 31, [removed: 2022,] [added: 2022] respectively.

We do not believe that inflation had a material effect on our business, financial condition, or results of operations during the fiscal [removed: year] [added: years] ended January 31, [removed: 2023.][added: 2024, January 31, 2023, or January 31, 2022.]

[Table [removed: of](#i66f9843cc7424846b9262bad6a3ca9f2_7) [Contents](#i66f9843cc7424846b9262bad6a3ca9f2_7)][added: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)]

As of January 31, 2024, we had cash and cash equivalents of $3.4 billion and short-term investments of $99.6 million.

We took a fundamentally different approach to solve this problem with the [added: AI-native] CrowdStrike Falcon [added: XDR] platform – the first, [removed: true] [added: true,] cloud-native platform [added: 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.

Using cloud-scale AI, our Security Cloud enriches and correlates trillions of cybersecurity events per week with indicators of attack, threat [removed: intelligence] [added: intelligence,] and enterprise data (including data from across endpoints, workloads, identities, [added: DevOps,] IT [removed: assets] [added: assets,] and configurations) to create actionable [removed: information,] [added: data,] identify shifts in adversary [removed: tactics] [added: tactics,] and automatically [removed: detect and] prevent threats in real-time across our customer base.

Our Falcon platform was purpose-built in the cloud to harness the power of data [added: and AI] to deliver the next generation of automated protection and provide threat hunters with the intelligence required to stop sophisticated attacks, including [removed: non-malware based] [added: malware-free and fileless] attacks.

Today, we offer [removed: 23] [added: 27] cloud modules on our Falcon platform via a SaaS subscription-based model that spans multiple large markets, including corporate [added: endpoint and cloud] workload security, managed security services, security and vulnerability management, IT operations management, identity protection, [added: next-generation SIEM and] log management, threat intelligence services, [removed: and] data [removed: protection.][added: protection, Security Orchestration, Automation and Response (“SOAR”) and AI powered workflow automation, and securing generative AI workloads.]

Our Falcon platform is composed of tightly integrated, proprietary technologies that enable us to deliver superior protection and performance, while reducing [removed: customer complexity.][added: complexity for our customers.]

With the lightweight agent installed on each endpoint [removed: or] [added: and] cloud workload, our Falcon platform automates detection and prevention capabilities in real time across our entire global customer base.

The highly advanced graph technologies underpinning the Falcon platform [removed: now] include:

[added: -] Our Threat Graph, which uses a combination of AI and behavioral pattern-matching techniques to correlate and analyze trillions of cybersecurity events, enriched with threat intelligence, and third-party data to identify and link threat activity together to automatically prevent threats in real time across CrowdStrike’s global customer base.

[Table [removed: of](#i66f9843cc7424846b9262bad6a3ca9f2_7) [Contents](#i66f9843cc7424846b9262bad6a3ca9f2_7)][added: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)]

[added: -] Our Intel Graph, which analyzes and correlates data and threat intelligence to visualize the connections between adversaries and attacks to help customers prioritize investigations and gain a deep understanding of the threat landscape.

[added: -] Our Asset Graph, which dynamically monitors and tracks the complex interactions among assets, providing a single holistic view of the risks those assets pose.

- The Increasing Sophistication and Disruption of Cybersecurity Threats: [removed: The] [added: Adversary] sophistication [removed: of adversaries] continues to increase as militaries and intelligence services of well-funded nation-states, technically advanced criminal organizations and hackers [removed: use advanced, easily obtained methods of attack – including non-malware based attacks that exploit user identities and credentials.][added: advance their tactics.]

This [removed: existing] trend [removed: was] accelerated significantly with the need to support an increasingly remote workforce in 2020 due to the COVID-19 pandemic and we believe this trend continues today.

We believe the aforementioned trends are exacerbated by the architectural limitations of legacy cybersecurity [removed: products,] [added: products and fragmented platforms,] which are characterized by:

Many on-premise vendors have [removed: since] tried to solve this problem by simply extending on-premise products to the cloud.

Since their products were not purpose built to run in the cloud, traditional on-premise issues [removed: –] [added: such as] complex [removed: to deploy, siloed nature,] [added: deployments, data silos,] lack of [removed: integration,] [added: integrations,] limited [removed: ability to scale, costly to maintain –] [added: scalability, and high maintenance costs] continue to manifest.

- Malware-Focused [removed: Machine Learning] Products That Miss Sophisticated Attacks: Traditionally, organizations have focused on protecting their networks and endpoints against malware-based attacks.

[removed: We have] [added: Our 2024 Global Threat Report] observed that over [removed: 60%] [added: 70%] of attacks comprise non-malware, hands-on-keyboard activity.

We empower customers to rapidly deploy and scale industry leading technologies across endpoint detection and response (“EDR”) and Extended Detection and Response (“XDR”), Identity Threat Protection, Threat Intelligence, [removed: ITSecOps and Risk,] [added: Exposure Management,] Cloud Security, [added: Application Security Posture Management, Next-Generation SIEM] and Modern Log [removed: Management] [added: Management, and IT Automation] from a single platform.

- Rapid Time to Value: Our cloud-native platform was built to rapidly scale industry leading protection across the entire enterprise, eliminating [removed: the] lengthy implementation [removed: periods,] [added: periods] and professional services engagements that next-gen and legacy competitors [added: may] require.

Our single [removed: agent] [added: agent, collect once and re-use many times] approach enables us to activate new modules in real time.

- Elite Security Teams as a Force Multiplier: As adversaries continue to employ sophisticated [removed: non-malware] [added: malwareless] attacks that exploit user credentials and identities, automation and autonomous security are no longer sufficient on their own.

CrowdStrike Falcon [removed: OverWatch] [added: OverWatch, part of CrowdStrike Counter Adversary Operations,] combines world-class human intelligence from our elite security experts with the power of the [removed: Security Cloud.][added: Falcon platform.]

Our Falcon Fusion [removed: module] [added: capability] automates workflows to reduce the need to switch between different security tools and tasks, while our Falcon Insight XDR module provides a unified solution that enables security teams to rapidly and efficiently identify, hunt, and eliminate threats across multiple security [removed: domains.][added: domains using first and third party datasets.]

[removed: Enforcing Zero Trust] [added: Securing Identities and Data] Across the Pillars of Modern Enterprise Security

[removed: Eighty] [added: Approximately eighty] percent of breaches today use stolen credentials and identities.

Stopping these advanced attacks requires a [removed: Zero Trust] [added: holistic] approach that delivers true end-to-end protection across workloads, identities, and data.

CrowdStrike is able to natively enforce [removed: Zero Trust] protection at the device layer, the identity layer, and the data layer, extending our bold vision for security by driving modern Defense in Depth to the enterprise.

By delivering these powerful capabilities through a unified [removed: platform,] [added: platform with a single agent,] CrowdStrike is able to connect the endpoint and workload to user identity, and the data that is being used and accessed.

This means security solutions that [removed: are: a) Easy] [added: are easy] to [removed: deploy; b) Easy] [added: deploy, easy] to [removed: manage;] [added: manage,] and [removed: c) Highly effective, without interference on good user behavior.][added: highly effective.]

Our cloud [added: delivered] modules integrate seamlessly with the Falcon platform [removed: that addresses use cases across corporate workload] [added: and our single agent to provide functionality in the endpoint] security, security and [removed: vulnerability management, managed security services,] IT operations [removed: management,] [added: (including vulnerability management), and] threat intelligence [removed: services, identity protection, and log management.][added: markets.]

[removed: The] [added: Our cloud-delivered modules integrate seamlessly within the] Falcon platform [removed: offers] [added: to provide customers with] a unified set of cloud-delivered technologies [removed: that power a wide range of modules] across EDR and XDR, Identity Threat [added: Detection and Response] Protection, Threat Intelligence, [removed: ITSecOps] [added: Exposure ManagementITSecOps] and Risk, Cloud Security, [added: Application Security Posture Management, IT Automation, as well as Next-Generation SIEM] and Modern Log Management.

We can rapidly and cost effectively develop and deliver additional cloud modules on our Falcon platform without the need for additional agents, and are expanding options for our new customers to test modules on a trial basis [removed: and] [added: as well as offering] in-application trials for existing customers.

Our expanding set of open APIs [removed: allows] [added: and the Foundry app development platform will allow] customers and partners to build their own capabilities on top of the Falcon platform.

CrowdStrike Falcon Platform: Our Cloud [added: Delivered] Modules

Today, our [removed: cloud] modules include:

With industry-leading EDR at its core, Falcon Insight XDR synthesizes cross-domain telemetry and activates extended [added: triage and response] capabilities with one unified, threat-centric [removed: command console] [added: incident workbench] to unlock cross-domain detections, investigations and responses across the security stack.

Falcon Discover identifies [added: managed, unmanaged, and] rogue systems [removed: and] [added: as well as] applications [added: and their usage] in our customers’ networks, and monitors the use of privileged user accounts anywhere in a customer’s environments.

The module also enables use cases outside of security, such as application license management, Amazon Web Services (“AWS”) spend analysis, and asset [removed: inventory.][added: inventorying.]

New enhancements in Falcon Discover for IoT minimize risk for IoT/OT [removed: (“Other Technology”)] devices with comprehensive asset visibility, monitoring, and security hygiene.

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.

In addition, the commoditization of technologies like generative AI make it easier for low-skilled adversaries to move faster and launch more sophisticated attacks.

This includes non-malware based attacks like social engineering that exploit user identities and credentials.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

Some other vendors attempt to solve this problem by acquiring disparate products and stitching them together into fragmented platforms.

This can force customers to focus on implementing integrations, not security outcomes and stopping the breach.

The resulting complexity can impede workflows and slow down response time.

An attacker may be able to bypass a signature-based defense with just a slight modification to an existing attack.

Additionally, we found that eight out of 10 attacks involve compromised or stolen credentials, with these identity-based attacks easily able to bypass legacy approaches to protection.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

This unique data layer is powered and turned into action by three complementary graph databases (Threat Graph, Asset Graph, and Intel Graph) to put threats, adversaries, and assets into the context needed to make the rapid, informed decisions that stop breaches.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

Unifying data from our modules and customers into a single cloud infrastructure gives us significant advantages in developing and delivering innovative AI capabilities to detect and prevent threats, as well as improving user productivity and efficiency through cutting-edge generative AI systems such as our Charlotte AI module.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

- Falcon Cloud Workload Protection—Cloud Runtime Protection. Falcon Cloud Workload Protection provides comprehensive breach protection at run-time for workload and container events and instance metadata, enabling faster and more accurate detection, response, threat hunting and investigation, and enabling customers to run and deploy secure applications with speed and confidence.

Horizon also integrates with modern continuous integration/continuous delivery developer pipelines, with capabilities such as infrastructure as code scanning and container image assessment to shift secure design further left.

- Bionic, a CrowdStrike company—Application Security Posture Management. Through our acquisition of Bionic, a pioneer of ASPM, we have further extended our capabilities in securing and providing cloud native applications.

Bionic gives security teams and developers visibility to their cloud applications, including interactions between cloud and on-premise microservices, third party dependencies, data flows, APIs and Software Bill of Materials— all without requiring access to source code.

This information empowers teams with an understanding of their risk landscape in the cloud, and is used together with Cloud Security Posture Management data to enhance context and prioritize remediation of misconfigurations.

- Falcon Insight XDR for IoT—Endpoint Detection and Response for Extended Internet of Things (XIoT) devices.

Falcon Insight XDR for IoT brings CrowdStrike’s renowned protection, detection and response to IoT, OT, medical devices, Industrial IoT, and connected devices across the enterprise.

- Falcon Data Protection—Data Loss Prevention.

Falcon Data Protection stops adversaries and malicious insiders from stealing sensitive information with automated policy enforcement that follows content, even as it moves across files.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

Exposure Management

Falcon Exposure Management unifies real-time security and IT data sets from Falcon Discover (Asset, Account and App Discovery), Falcon Spotlight (Vulnerability Management), and Falcon Surface (External Attack Surface Management), as well as CrowdStrike’s renowned threat intelligence, endpoint, and XDR telemetry, to predict attack paths and guide risk mitigation actions that stop breaches before they happen.

- Falcon Surface—External Attack Surface Management.

Falcon Complete offers a growing number of managed services that extend across Falcon platform modules, including Falcon Cloud Workload Protection Complete, Falcon Identity Threat Protection Complete, and Falcon Complete LogScale, augmenting core Falcon Complete Managed Detection and Response capabilities with managed cloud workload protection, identity threat protection, threat hunting, Log management and Next-Gen SIEM.

Counter Adversary Operations

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

Next-Generation SIEM and Log Management

- Falcon LogScale Next-Gen SIEM—Security Information & Event Management, Log Management.

Falcon LogScale Next-Gen SIEM is a complete SOC platform designed to stop breaches with AI-native detection, investigation and response, as well as delivering high-performance log management for any data source.

IT Automation

- Falcon for IT—IT Automation.

Falcon for IT converges security and IT operations with a single agent and unified platform.

Teams can use native generative AI workflows to get complete visibility into any asset to understand the asset’s state and take quick actions across the Enterprise to rapidly resolve issues.

Our pioneering platform approach keeps customers ahead of attackers by automatically detecting and preventing threats to stop breaches.

In addition, technologies like Cloud and Containers are being adopted quickly, but rather than becoming full-scale replacements, they are often being used as supplements to existing on-premise, bare metal, and virtualized workloads.

It often only takes a slight modification on the part of the attacker to bypass signatures.

This creates a powerful network effect that is a key differentiator in our efforts to gain more customers.

The Threat Graph is able to contextualize and turn this data into action, automatically delivering protection to every customer.

With our Falcon platform, we can crowdsource data and deliver a variety of cloud modules to detect and stop breaches.

Our modules address the most critical areas of enterprise risk and friction.

Our cloud modules integrate seamlessly with the Falcon platform to provide functionality in the endpoint security, security and IT operations (including vulnerability management), and threat intelligence markets.

- Falcon Cloud Workload Protection—Cloud Runtime Protection. Falcon Cloud Workload Protection provides comprehensive breach protection at run-time for workloads and containers as well as detecting vulnerabilities before services and images are deployed.

Falcon Cloud Workload Protection reduces the attack surface by automatically detecting vulnerabilities, hidden malware, secrets, keys, and more, enabling customers to build, run, and deploy secure applications with speed and confidence.

- Discover for Cloud and Containers—Cloud Service Discovery. Discover for Cloud and Containers delivers comprehensive visibility of cloud assets, security configurations, workloads and containers across multi-cloud environments so customers can mitigate risks and reduce their attack surface.

Security and IT Operations

We also offer Falcon Cloud Workload Protection Complete, Falcon Identity Threat Protection Complete, and Falcon Complete LogScale as add-ons to our Falcon Complete solution to extend its capabilities to include our cloud workload protection, identity protection, and log management modules.

- Falcon Intelligence—Threat Intelligence.

Observability

Falcon LogScale is a high-performance, index-free cloud log management solution that allows customers to collect logs from any data source and to search and query streaming data in real-time.

We expect to continue to incur net losses for the foreseeable future as we continue to invest in our business, and in particular, our sales and research and development capabilities, to address our large market opportunity.

High Fidelity Data and Smart Filtering. Absent an intelligent agent, a typical endpoint generates approximately 100 gigabytes of unfiltered system event data per day.

After this data is compressed, or data shaped, a typical enterprise organization with 100,000 endpoints would generate over one petabyte of endpoint events daily.

Among organizations who first became a customer after February 1, 2021, for each $1.00 spent by those

customers on their initial engagement for our incident response or proactive services, as of January 31, 2023, we derived an average of $6.07 in ARR from those subscription contracts.

For any claims for which we believe a liability is both probable and reasonably estimable, we record a liability in the period for which [removed: it makes] [added: we make] this determination.

In addition, the expense of litigation and the timing of this expense from period to period are difficult to estimate, subject to [removed: change] [added: change,] and could adversely affect our consolidated financial statements.

[Table of](#i66f9843cc7424846b9262bad6a3ca9f2_7) [Contents](#i66f9843cc7424846b9262bad6a3ca9f2_7)

[Table [removed: of](#i66f9843cc7424846b9262bad6a3ca9f2_7) [Contents](#i66f9843cc7424846b9262bad6a3ca9f2_7)][added: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)]

For the fiscal year ended January 31, [removed: 2023][added: 2024]

The aggregate market value of the common stock held by non-affiliates of the registrant, based on the closing price of a share of the registrant’s common stock on July 31, [removed: 2022] [added: 2023] (the last business day of the registrant’s most recently completed second fiscal quarter) as reported by the Nasdaq Global Select Market on such date was approximately [removed: $42.8] [added: $38.6] billion.

As of February [removed: 28, 2023,] [added: 29, 2024,] the number of shares of the registrant’s Class A common stock outstanding was [removed: 222,937,242,] [added: 229,383,465,] and the number of shares of the registrant’s Class B common stock outstanding was [removed: 12,926,743.][added: 12,485,193.]

Portions of the registrant’s definitive Proxy Statement relating to its [removed: 2023] [added: 2024] Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K where indicated.

| [Item [removed: 1.](#i66f9843cc7424846b9262bad6a3ca9f2_16)] [added: 1.](#i4cd7bca5d9a2416498f4c299c761bf02_16)] | | | [removed: [Business](#i66f9843cc7424846b9262bad6a3ca9f2_16)] [added: [Business](#i4cd7bca5d9a2416498f4c299c761bf02_16)] | | | [removed: [4](#i66f9843cc7424846b9262bad6a3ca9f2_16)] [added: [4](#i4cd7bca5d9a2416498f4c299c761bf02_16)] | | |

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| [Item [removed: 4.](#i66f9843cc7424846b9262bad6a3ca9f2_31)] [added: 4.](#i4cd7bca5d9a2416498f4c299c761bf02_31)] | | | [Mine Safety [removed: Disclosures](#i66f9843cc7424846b9262bad6a3ca9f2_31)] [added: Disclosures](#i4cd7bca5d9a2416498f4c299c761bf02_31)] | | | [removed: [54](#i66f9843cc7424846b9262bad6a3ca9f2_31)] [added: [57](#i4cd7bca5d9a2416498f4c299c761bf02_31)] | | |

| [Item [removed: 5.](#i66f9843cc7424846b9262bad6a3ca9f2_37)] [added: 5.](#i4cd7bca5d9a2416498f4c299c761bf02_37)] | | | [Market for Registrant’s Common Equity, Related Stockholder [removed: Market for Registrant’s Common Equity, Related Stockholder] Matters and Issuer Purchases of Equity [removed: Securities](#i66f9843cc7424846b9262bad6a3ca9f2_37) and Issuer Purchases of Equity Securities] [added: Securities](#i4cd7bca5d9a2416498f4c299c761bf02_37)] | | | [removed: [55](#i66f9843cc7424846b9262bad6a3ca9f2_37)] [added: [58](#i4cd7bca5d9a2416498f4c299c761bf02_37)] | | |

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| [Item [removed: 9C.](#i66f9843cc7424846b9262bad6a3ca9f2_163)] [added: 9C.](#i4cd7bca5d9a2416498f4c299c761bf02_157)] | | | [Disclosure Regarding Foreign Jurisdictions [removed: That] [added: that] Prevent [removed: Inspections](#i66f9843cc7424846b9262bad6a3ca9f2_163)] [added: Inspections](#i4cd7bca5d9a2416498f4c299c761bf02_157)] | | | [removed: [111](#i66f9843cc7424846b9262bad6a3ca9f2_163)] [added: [114](#i4cd7bca5d9a2416498f4c299c761bf02_157)] | | |

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| [Item [removed: 12.](#i66f9843cc7424846b9262bad6a3ca9f2_175)] [added: 12.](#i4cd7bca5d9a2416498f4c299c761bf02_169)] | | | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#i66f9843cc7424846b9262bad6a3ca9f2_175)] [added: Matters](#i4cd7bca5d9a2416498f4c299c761bf02_169)] | | | [removed: [111](#i66f9843cc7424846b9262bad6a3ca9f2_175)] [added: [115](#i4cd7bca5d9a2416498f4c299c761bf02_169)] | | |

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| [Item [removed: 14.](#i66f9843cc7424846b9262bad6a3ca9f2_181)] [added: 14.](#i4cd7bca5d9a2416498f4c299c761bf02_175)] | | | [Principal Accountant Fees and [removed: Services](#i66f9843cc7424846b9262bad6a3ca9f2_181)] [added: Services](#i4cd7bca5d9a2416498f4c299c761bf02_175)] | | | [removed: [111](#i66f9843cc7424846b9262bad6a3ca9f2_181)] [added: [115](#i4cd7bca5d9a2416498f4c299c761bf02_175)] | | |

| [Item [removed: 15.](#i66f9843cc7424846b9262bad6a3ca9f2_187)] [added: 15.](#i4cd7bca5d9a2416498f4c299c761bf02_181)] | | | [removed: [Exhibits,] [added: [Exhibits and] Financial Statement [removed: Schedules](#i66f9843cc7424846b9262bad6a3ca9f2_187)] [added: Schedules](#i4cd7bca5d9a2416498f4c299c761bf02_181)] | | | [removed: [111](#i66f9843cc7424846b9262bad6a3ca9f2_187)] [added: [116](#i4cd7bca5d9a2416498f4c299c761bf02_181)] | | |

| [Item [removed: 16.](#i66f9843cc7424846b9262bad6a3ca9f2_190)] [added: 16.](#i4cd7bca5d9a2416498f4c299c761bf02_184)] | | | [Form 10-K [removed: Summary](#i66f9843cc7424846b9262bad6a3ca9f2_190)] [added: Summary](#i4cd7bca5d9a2416498f4c299c761bf02_184)] | | | [removed: [112](#i66f9843cc7424846b9262bad6a3ca9f2_190)] [added: [116](#i4cd7bca5d9a2416498f4c299c761bf02_184)] | | |

If any of these risks or uncertainties [removed: occurs,] [added: materialize,] our business, revenue and financial results could be harmed, and the trading price of our Class A common stock could decline.

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | [Part I](#i4cd7bca5d9a2416498f4c299c761bf02_13) | | | | | |

| [Item 1](#i4cd7bca5d9a2416498f4c299c761bf02_1345)[C](#i4cd7bca5d9a2416498f4c299c761bf02_1345)[.](#i4cd7bca5d9a2416498f4c299c761bf02_1345) | | | [Cybersecurity](#i4cd7bca5d9a2416498f4c299c761bf02_1345) | | | [56](#i4cd7bca5d9a2416498f4c299c761bf02_1345) | | |

| | | | [Part II](#i4cd7bca5d9a2416498f4c299c761bf02_34) | | | | | |

| | | | [Part III](#i4cd7bca5d9a2416498f4c299c761bf02_160) | | | | | |

| | | | [Part IV](#i4cd7bca5d9a2416498f4c299c761bf02_178) | | | | | |

| | | | [Signatures](#i4cd7bca5d9a2416498f4c299c761bf02_190) | | | [119](#i4cd7bca5d9a2416498f4c299c761bf02_190) | | |

| | | | [Power of Attorney](#i4cd7bca5d9a2416498f4c299c761bf02_193) | | | [120](#i4cd7bca5d9a2416498f4c299c761bf02_193) | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

- anticipated developments relating to our valuation allowances for our deferred tax assets;

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | [Part I](#i66f9843cc7424846b9262bad6a3ca9f2_13) | | | | | |

| | | | [Part II](#i66f9843cc7424846b9262bad6a3ca9f2_34) | | | | | |

| | | | [Part III](#i66f9843cc7424846b9262bad6a3ca9f2_166) | | | | | |

| | | | [Part IV](#i66f9843cc7424846b9262bad6a3ca9f2_184) | | | | | |

| | | | [Signatures](#i66f9843cc7424846b9262bad6a3ca9f2_196) | | | [116](#i66f9843cc7424846b9262bad6a3ca9f2_196) | | |

| | | | [Power of Attorney](#i66f9843cc7424846b9262bad6a3ca9f2_199) | | | [117](#i66f9843cc7424846b9262bad6a3ca9f2_199) | | |

- the impact of the COVID-19 pandemic on our operations, financial results, and liquidity and capital resources, including on customers, sales, expenses, and employees;

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

Cybersecurity Risk Management and Strategy

As a provider of cybersecurity solutions, we are passionate about cybersecurity risk management.

At CrowdStrike, cybersecurity risk management is an integral part of our overall enterprise risk management program.

Our cybersecurity risk management program, which includes data privacy, product security, and information security, is designed to align with our industry’s best practices.

Our program provides a framework for identifying, monitoring, evaluating, and responding to cybersecurity threats and incidents, including those associated with our use of software, applications, services, and cloud infrastructure developed or provided by third-party vendors and service providers.

This framework includes steps for identifying the source of a cybersecurity threat or incident, including whether such cybersecurity threat or incident is associated with a third-party vendor or service provider, assessing the severity and risk of a cybersecurity threat or incident, implementing cybersecurity countermeasures and mitigation or remediation strategies, and informing management and the audit committee of our Board of Directors (the “Audit Committee”) of material cybersecurity threats and incidents.

Our cybersecurity team is responsible for assessing our cybersecurity risk management program and our incident response plan, which we regularly test through table-top exercises, and testing of our security protocols through additional techniques, such as penetration testing.

In addition, we regularly engage independent third-party auditors to evaluate our compliance with various security compliance standards.

We also conduct internal annual assessments of our cybersecurity risk management program.

We review or update our cybersecurity policies, standards and procedures annually, or more frequently as needed, to account for changes in the threat landscape, as well as in response to legal and regulatory developments.

Our cybersecurity efforts also include mandatory training for all employees and contractors on CrowdStrike’s security and privacy policies.

We also have a clearly defined acceptable use policy, and we require employees to certify to it.

We also require employees to certify their adherence to our code of conduct.

We also periodically send our employees simulated phishing emails to test their compliance with our policies.

Although we have continued to invest in our diligence, onboarding, and monitoring capabilities over our critical third parties, including our third-party vendors and service providers, our control over the security posture of our critical third parties is limited, and there can be no assurance that we can prevent or mitigate the risk of any compromise or failure in the information assets owned or controlled by such third parties.

A cross-functional incident response team, comprised of representatives from information technology, information security, product security, engineering, privacy and legal, is responsible for the monitoring and disposition of potential occurrences such as data breaches, intrusions, and other security incidents and implementing our detailed incident response plan.

Our incident response plan includes processes and procedures for assessing potential internal and external threats, activation and notification, crisis management, and post-incident recovery designed to safeguard the confidentiality, availability, and integrity of our information assets.

In fiscal 2024, we did not identify any cybersecurity threats or incidents that have materially affected or are reasonably likely to materially affect our business strategy, results of operations, or financial condition.

However, despite our efforts, we cannot eliminate all risks from cybersecurity threats or incidents or provide assurances that we have not experienced an undetected cybersecurity incident.

For more information about these risks, please see “Risk Factors— Risks Related to Our Business and Industry” in this annual report on Form 10-K.

Cybersecurity Governance

Our Board of Directors has oversight responsibility for our overall enterprise risk management, and has delegated cybersecurity risk management oversight to the Audit Committee.

The Audit Committee is responsible for ensuring that management (i) has policies, processes, and procedures designed to identify, monitor, evaluate, and respond to cybersecurity risks to which the company is exposed and (ii) takes steps to mitigate or remediate cybersecurity risks, threats and incidents, including monitoring the activities of the cybersecurity team and reviewing and updating our cybersecurity policies, processes and procedures.

The Audit Committee also reports material cybersecurity incidents to our full Board of Directors.

Management is responsible for day-to-day risk management activities, including identifying and assessing cybersecurity risks, establishing processes to ensure that potential cybersecurity risk exposures are monitored, implementing appropriate mitigation or remediation measures and maintaining cybersecurity programs.

Our cybersecurity programs are under the direction of our Chief Information Security Officer (“CISO”).

Our CISO and dedicated personnel are certified and experienced

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

information systems security professionals and information security managers with many years of experience across a variety of technology sub-specialties.

Our CISO receives reports from our cybersecurity team and monitors the prevention, detection, and mitigation or remediation of cybersecurity risks.

Management, including the CISO, regularly updates the Audit Committee and the Board of Directors on the Company’s cybersecurity programs, material cybersecurity risks, and mitigation or remediation strategies.

[removed: In the future, we may need to add new facilities and expand our existing facilities as we add employees, grow our infrastructure and evolve our business, and we] [added: We] believe that suitable additional or substitute space will be available on commercially reasonable terms to meet our future needs.

In the future, we may need to add new facilities and expand our existing facilities as we add employees, grow our infrastructure and evolve our business.

[Table [removed: of](#i66f9843cc7424846b9262bad6a3ca9f2_7) [Contents](#i66f9843cc7424846b9262bad6a3ca9f2_7)][added: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)]

As of January 31, [removed: 2023,] [added: 2024,] we had [removed: 38] [added: 37] holders of record of our Class A common stock and [removed: 80] [added: 70] holders of record of our Class B common stock.

The information required by this item with respect to our equity compensation plans is incorporated by reference to our Proxy Statement for the [removed: 2023] [added: 2024] Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission within 120 days of the fiscal year ended January 31, [removed: 2023.][added: 2024.]

[Table [removed: of](#i66f9843cc7424846b9262bad6a3ca9f2_7) [Contents](#i66f9843cc7424846b9262bad6a3ca9f2_7)][added: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)]

We have presented below the cumulative total return to our stockholders between June 12, 2019 (the date our common stock commenced trading on the Nasdaq) through January 31, [removed: 2023] [added: 2024] in comparison to the Standard & Poor’s 500 Index, Standard & Poor Information Technology Index, and the Nasdaq 100 Index.

| Company/ Index | | | | | | Base period 6/12/19 | | | | | | | | | | | | | | | | | | 1/31/20 | | | | | | | | | | | | | | | | | | | | | | | | 1/31/21 | | | | | | | | | | | | | | | | | | | | | | | | 1/31/22 | | | | | | | | | | | | | | | | | | | | | | | | 1/31/23 | | | [added: | | | 1/31/24 | | |]

| CrowdStrike Holdings, Inc. | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | $ | 105.33 | | | | | | | | | | | | | | | | | | | | | | | $ | 372.07 | | | | | | | | | | | | | | | | | | | | | | | $ | 311.45 | | | | | | | | | | | | | | | | | | | | | | | $ | 182.59 | | [added: | | | $ | 504.31 | |]

| S&P 500 | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | $ | 118.69 | | | | | | | | | | | | | | | | | | | | | | | $ | 139.17 | | | | | | | | | | | | | | | | | | | | | | | $ | 171.58 | | | | | | | | | | | | | | | | | | | | | | | $ | 157.48 | | [added: | | | $ | 190.27 | |]

| S&P Information Technology | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | $ | 134.13 | | | | | | | | | | | | | | | | | | | | | | | $ | 183.94 | | | | | | | | | | | | | | | | | | | | | | | $ | 232.55 | | | | | | | | | | | | | | | | | | | | | | | $ | 196.05 | | [added: | | | $ | 294.24 | |]

| Nasdaq 100 | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | $ | 126.96 | | | | | | | | | | | | | | | | | | | | | | | $ | 184.09 | | | | | | | | | | | | | | | | | | | | | | | $ | 214.11 | | | | | | | | | | | | | | | | | | | | | | | $ | 175.08 | | [added: | | | $ | 250.05 | |]


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[Table [removed: of](#i66f9843cc7424846b9262bad6a3ca9f2_7) [Contents](#i66f9843cc7424846b9262bad6a3ca9f2_7)][added: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)]

| [Report of Independent Registered Public Accounting [removed: Firm](#i66f9843cc7424846b9262bad6a3ca9f2_82)] [added: Firm](#i4cd7bca5d9a2416498f4c299c761bf02_82)] (PCAOB ID 238) | | | [removed: [74](#i66f9843cc7424846b9262bad6a3ca9f2_82)] [added: [77](#i4cd7bca5d9a2416498f4c299c761bf02_82)] | | |

| [Consolidated Balance Sheets as of January 31, [removed: 2023] [added: 2024] and [removed: 2022](#i66f9843cc7424846b9262bad6a3ca9f2_85)] [added: 2023](#i4cd7bca5d9a2416498f4c299c761bf02_85)] | | | [removed: [76](#i66f9843cc7424846b9262bad6a3ca9f2_85)] [added: [79](#i4cd7bca5d9a2416498f4c299c761bf02_85)] | | |

| [Consolidated Statements of Operations for the years ended January 31, [removed: 2023, 2022] [added: 2024, 2023] and [removed: 2021](#i66f9843cc7424846b9262bad6a3ca9f2_88)] [added: 2022](#i4cd7bca5d9a2416498f4c299c761bf02_88)] | | | [removed: [77](#i66f9843cc7424846b9262bad6a3ca9f2_88)] [added: [80](#i4cd7bca5d9a2416498f4c299c761bf02_88)] | | |

| [Consolidated Statements of Comprehensive [removed: Loss] [added: Income (Loss)] for the years ended January 31, [removed: 2023, 2022] [added: 2024, 2023] and [removed: 2021](#i66f9843cc7424846b9262bad6a3ca9f2_91)] [added: 2022](#i4cd7bca5d9a2416498f4c299c761bf02_91)] | | | [removed: [78](#i66f9843cc7424846b9262bad6a3ca9f2_91)] [added: [81](#i4cd7bca5d9a2416498f4c299c761bf02_91)] | | |

| [Consolidated Statements of Stockholders’ Equity for the years ended January 31, [removed: 2023, 2022] [added: 2024, 2023] and [removed: 2021](#i66f9843cc7424846b9262bad6a3ca9f2_94)] [added: 2022](#i4cd7bca5d9a2416498f4c299c761bf02_94)] | | | [removed: [79](#i66f9843cc7424846b9262bad6a3ca9f2_94)] [added: [82](#i4cd7bca5d9a2416498f4c299c761bf02_94)] | | |

| [Consolidated Statements of Cash Flows for the years ended January 31, [removed: 2023, 2022] [added: 2024, 2023] and [removed: 2021](#i66f9843cc7424846b9262bad6a3ca9f2_97)] [added: 2022](#i4cd7bca5d9a2416498f4c299c761bf02_97)] | | | [removed: [80](#i66f9843cc7424846b9262bad6a3ca9f2_97)] [added: [83](#i4cd7bca5d9a2416498f4c299c761bf02_97)] | | |

| [Notes to Consolidated Financial [removed: Statements](#i66f9843cc7424846b9262bad6a3ca9f2_100)] [added: Statements](#i4cd7bca5d9a2416498f4c299c761bf02_100)] | | | [removed: [81](#i66f9843cc7424846b9262bad6a3ca9f2_100)] [added: [84](#i4cd7bca5d9a2416498f4c299c761bf02_100)] | | |

[Table [removed: of](#i66f9843cc7424846b9262bad6a3ca9f2_7) [Contents](#i66f9843cc7424846b9262bad6a3ca9f2_7)][added: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)]

We have audited the accompanying consolidated balance sheets of CrowdStrike Holdings, Inc. and its subsidiaries (the “Company”) as of January 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] and the related consolidated statements of operations, of comprehensive [removed: loss,] [added: income (loss),] of [removed: stockholders'] [added: stockholders’] equity and of cash flows for each of the three years in the period ended January 31, [removed: 2023,] [added: 2024,] including the related notes (collectively referred to as the “consolidated financial statements”).

We also have audited the Company's internal control over financial reporting as of January 31, [removed: 2023,] [added: 2024,] based on criteria established in *Internal Control - Integrated Framework* (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of January 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] and the results of its operations and its cash flows for each of the three years in the period ended January 31, [removed: 2023] [added: 2024] in conformity with accounting principles generally accepted in the United States of America.

Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of January 31, [removed: 2023,] [added: 2024,] based on criteria established in *Internal Control - Integrated Framework* (2013) issued by the COSO.

A company’s internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the [added: company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.]

The Company’s consolidated revenue for the year ended January 31, [removed: 2023] [added: 2024] was [removed: $2,241] [added: $3,056] million.

| | | | [added: 2024 | | | | | |] 2023 | | | | | | 2022 | | |

| Cash and cash equivalents | | | [removed: $] [added: 3,375,069] | [added: | | | | |] 2,455,369 | | | | | [removed: $] | 1,996,633 | | [added: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |]

| Short-term investments | | | [removed: 250,000] [added: 99,591] | | | | | | [removed: —] [added: 250,000] | | |

| Accounts receivable, net of allowance for credit losses of [removed: $2.6] [added: $2.2] million and [removed: $1.6] [added: $2.6] million as of January 31, [removed: 2023] [added: 2024] and January 31, [removed: 2022,] [added: 2023,] respectively | | | [removed: 626,181] [added: 853,105] | | | | | | [removed: 368,145] [added: 626,181] | | |

| Deferred contract acquisition costs, current | | | [removed: 186,855] [added: 246,370] | | | | | | [removed: 126,822] [added: 186,855] | | |

| Prepaid expenses and other current assets | | | [removed: 121,862] [added: 183,172] | | | | | | [removed: 79,352] [added: 121,862] | | |

| Total current assets | | | [removed: 3,640,267] [added: 4,757,307] | | | | | | [removed: 2,570,952] [added: 3,640,267] | | |

| Strategic investments | | | [removed: 47,270] [added: 56,244] | | | | | | [removed: 23,632] [added: 47,270] | | |

| Property and equipment, net | | | [removed: 492,335] [added: 620,172] | | | | | | [removed: 260,577] [added: 492,335] | | |

| Operating lease right-of-use assets | | | [removed: 39,936] [added: 48,211] | | | | | | [removed: 31,735] [added: 39,936] | | |

| Deferred contract acquisition costs, noncurrent | | | [removed: 260,233] [added: 335,933] | | | | | | [removed: 192,358] [added: 260,233] | | |

| Goodwill | | | [removed: 430,645] [added: 638,041] | | | | | | [removed: 416,445] [added: 430,645] | | |

| Intangible assets, net | | | [removed: 86,889] [added: 114,518] | | | | | | [removed: 97,336] [added: 86,889] | | |

| Other long-term assets | | | [removed: 28,965] [added: 76,094] | | | | | | [removed: 25,346] [added: 28,965] | | |

| Total assets | | | $ | [removed: 5,026,540] [added: 6,646,520] | | | | | $ | [removed: 3,618,381] [added: 5,026,540] | |

| Accounts payable | | | $ | [removed: 45,372] [added: 28,180] | | | | | $ | [removed: 47,634] [added: 45,372] | |

| Accrued expenses | | | [removed: 137,884] [added: 125,896] | | | | | | [removed: 83,382] [added: 137,884] | | |

| Accrued payroll and benefits | | | [removed: 168,767] [added: 234,624] | | | | | | [removed: 104,563] [added: 168,767] | | |

| Operating lease liabilities, current | | | [removed: 13,046] [added: 14,150] | | | | | | [removed: 9,820] [added: 13,046] | | |

| Deferred revenue | | | [removed: 1,727,484] [added: 2,270,757] | | | | | | [removed: 1,136,502] [added: 1,727,484] | | |

| Other current liabilities | | | [removed: 16,519] [added: 23,672] | | | | | | [removed: 24,929] [added: 16,519] | | |

| Total current liabilities | | | [removed: 2,109,072] [added: 2,697,279] | | | | | | [removed: 1,406,830] [added: 2,109,072] | | |

| Long-term debt | | | [removed: 741,005] [added: 742,494] | | | | | | [removed: 739,517] [added: 741,005] | | |

| Deferred revenue, noncurrent | | | [removed: 627,629] [added: 783,342] | | | | | | [removed: 392,819] [added: 627,629] | | |

| Operating lease liabilities, noncurrent | | | [removed: 29,567] [added: 36,230] | | | | | | [removed: 25,379] [added: 29,567] | | |

| Other liabilities, noncurrent | | | [removed: 31,833] [added: 50,086] | | | | | | [removed: 16,193] [added: 31,833] | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

March 6, 2024

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | 2024 | | | | | | 2023 | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| Net income (loss) per share attributable to CrowdStrike common stockholders: | | | | | | | | | | | | | | | | | |

| Basic | | | $ | 0.37 | | | | | $ | (0.79) | | | | | $ | (1.03) | |

| Diluted | | | $ | 0.37 | | | | | $ | (0.79) | | | | | $ | (1.03) | |

| Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders: | | | | | | | | | | | | | | | | | |

| Basic | | | 238,637 | | | | | | 233,139 | | | | | | 227,142 | | |

| Diluted | | | 243,635 | | | | | | 233,139 | | | | | | 227,142 | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| Unrealized loss on short-term investments, net of tax | | | (50) | | | | | | — | | | | | | — | | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| Issuance of common stock for restricted stock awards | | | | | | | | | | | | | | | | | | 125 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |

| Issuance of common stock for founders holdbacks related to acquisitions | | | | | | | | | | | | | | | | | | 27 | | | | | | — | | | | | | 4,314 | | | | | | — | | | | | | — | | | | | | — | | | | | | 4,314 | | |

| Issuance of common stock for payment of board of director fees | | | | | | | | | | | | | | | | | | 2 | | | | | | — | | | | | | 344 | | | | | | — | | | | | | — | | | | | | — | | | | | | 344 | | |

| Net income | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | 89,327 | | | | | | — | | | | | | 1,258 | | | | | | 90,585 | | |

| Other comprehensive loss | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (644) | | | | | | — | | | | | | (644) | | |

| Balances at January 31, 2024 | | | | | | | | | | | | | | | | | | 241,865 | | | | | | $ | 121 | | | | | $ | 3,364,328 | | | | | $ | (1,058,836) | | | | | $ | (1,663) | | | | | $ | 33,139 | | | | | $ | 2,337,089 | |

[Table of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Net income (loss) | | | $ | 90,585 | | | | | $ | (182,285) | | | | | $ | (232,378) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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| Realized gains on strategic investments | | | (3,936) | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Accretion of short-term investments purchased at a discount | | | (2,285) | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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| Proceeds from maturities and sales of short-term investments | | | 348,281 | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

March 8, 2023

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| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Reversal of unrealized gain upon sale of debt securities, net of tax | | | — | | | | | | — | | | | | | (1,320) | | |

| Balances at January 31, 2020 | | | | | | | | | | | | | | | | | | 212,948 | | | | | | $ | 106 | | | | | $ | 1,378,479 | | | | | $ | (637,487) | | | | | $ | 1,009 | | | | | $ | 500 | | | | | $ | 742,607 | |

| Net loss | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | (92,629) | | | | | | — | | | | | | — | | | | | | (92,629) | | |

| Other comprehensive income | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,310 | | | | | | — | | | | | | 1,310 | | |

| Gain on sale of debt securities, net | | | — | | | | | | — | | | | | | (1,347) | | |

| Amortization of marketable securities purchased at a premium | | | — | | | | | | — | | | | | | 578 | | |

| Maturities of marketable securities | | | — | | | | | | — | | | | | | 91,605 | | |

| Proceeds from issuance of Senior Notes, net of debt financing costs | | | — | | | | | | — | | | | | | 739,569 | | |

| Vesting of early exercised stock options | | | $ | 2,204 | | | | | $ | 3,165 | | | | | $ | 3,318 | |

| Debt financing costs, accrued but not paid | | | $ | — | | | | | $ | — | | | | | $ | 1,581 | |

One direct customer who represented 10% of more of the Company’s accounts receivable as of January 31, 2022 was as follows:

| Customer A | | | 9 | | % | | | | 10 | | % |

The Company has recognized a net unrealized gain for its portion of ownership of the strategic investments in the amount of $1.0 million and $2.4 million during the fiscal years ended January 31, 2023 and and January 31, 2022, respectively.

costs on the Company’s consolidated balance sheets.

As the Company has reported losses for all periods presented, all potentially dilutive securities are antidilutive and accordingly, basic net loss per share equals diluted net loss per share.

This ASU is not expected to have a material impact on the Company’s consolidated financial statements upon adoption.

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Total assets | | | $ | 64,816 | | | | | $ | — | | | | | $ | — | | | | | $ | 64,816 | | | | | $ | 300,027 | | | | | $ | — | | | | | $ | — | | | | | $ | 300,027 | |

| | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| | | | January 31, | | | | | | | | | | | | | | | | | | | | |

| Total initial cost | | | $ | 40,617 | | | | | $ | 18,809 | | | | | | | | | | | | | |

| | | | 708,614 | | | | | | 402,355 | | |

| Customer relationships | | | 12,045 | | | | | | 1,973 | | | | | | 10,072 | | | | | | 72 | | |

| Other acquired intangible assets | | | 2,397 | | | | | | 801 | | | | | | 1,596 | | | | | | 89 | | |

| Total | | | $ | 112,110 | | | | | $ | 14,774 | | | | | $ | 97,336 | | | | | | | |

| Fiscal 2024 | | | $ | 16,442 | |

| Thereafter | | | 13,143 | | |

| Goodwill as of January 31, 2022 | | | $ | 416,445 | |

| Goodwill adjustment for the SecureCircle acquisition | | | 81 | | |

In April 2020, the Company began deferring payment on its share of payroll taxes owed, as permitted by the CARES Act, through December 31, 2020.

As of January 31, 2023, all applicable payments have been made and there are no deferred payments to be paid.

As of January 31, 2022, the Company had deferred $5.1 million of payroll taxes in Other current liabilities.

Interest expense related to contractual interest expense, amortization of debt issuance

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures as of January 31, [removed: 2023.][added: 2024.]

Our management conducted an evaluation of the effectiveness of our internal control over financial reporting as of January 31, [removed: 2023] [added: 2024] based on the criteria established in *Internal Control - Integrated Framework* (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

Based on the results of its evaluation, management concluded that our internal control over financial reporting was effective as of January 31, [removed: 2023.][added: 2024.]

The effectiveness of our internal control over financial reporting as of January 31, [removed: 2023] [added: 2024] has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in its report which is included in Part II, Item 8 of this Annual Report on Form 10-K.

There was no change in our internal control over financial reporting identified in connection with the evaluation required by Rule 13a-15(d) and Rule 15d-15(d) of the Exchange Act that occurred during the fiscal quarter ended January 31, [removed: 2023] [added: 2024] that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over time, controls may become inadequate because [added: of changes in conditions, or the degree of compliance with policies or procedures may deteriorate.]

of changes in conditions, or the degree of compliance with policies or procedures may deteriorate.

Rule 10b5-1 and Non-Rule 10b5-1 Trading Arrangements

During the three months ended January 31, 2024, certain of our officers or directors listed below adopted or terminated trading arrangements for the sale of shares of our Class A common stock in amounts and prices determined in accordance with a formula set forth in each such plan:

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Plans | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Name and Title | | | | | | Action | | | | | | Date | | | | | | Rule 10b5-1(1) | | | | | | Non-Rule 10b5-1(2) | | | | | | Number of Shares to be Sold | | | | | | Expiration | | |

| Godfrey Sullivan, Director | | | | | | Termination | | | | | | December 12, 2023 | | | | | | X | | | | | | | | | | | | Up to 250,000 (175,000 shares were sold under the plan) | | | | | | Plan is terminated. Was scheduled to expire upon the earlier of the date when all shares under plan were sold and December 31, 2024 | | |

| Shawn Henry, Chief Security Officer | | | | | | Adoption | | | | | | December 20, 2023 | | | | | | X | | | | | | | | | | | | Up to 119,224(3) | | | | | | Earlier of when all shares under plan are sold and March 17, 2025 | | |

| Burt Podbere, Chief Financial Officer | | | | | | Adoption | | | | | | December 29, 2023 | | | | | | X | | | | | | | | | | | | Up to 100,000 | | | | | | Earlier of when all shares under plan are sold and March 31, 2025 | | |

(1)Intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

(2) Not intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

(3)Intended to permit Mr. Henry to sell (i) 50,000 shares, (ii) 29,109 shares subject to RSUs and (iii) 40,115 shares subject to PSUs.

The actual number of shares subject to PSUs that may be sold is subject to satisfaction of the applicable performance conditions and may be equal to, greater than or less than 40,115 shares.

None.

The information otherwise required by this Item will be included in our definitive proxy statement for our [removed: 2023] [added: 2024] annual meeting of stockholders (the [removed: “2023] [added: “2024] Proxy Statement”), which will be filed with the SEC within 120 days after the end of our fiscal year ended January 31, [removed: 2023,] [added: 2024,] and is incorporated herein by reference.

The information required by this item is incorporated herein by reference to our [removed: 2023] [added: 2024] Proxy Statement.

The information required by this item is incorporated herein by reference to our [removed: 2023] [added: 2024] Proxy Statement.

The information required by this item is incorporated herein by reference to our [removed: 2023] [added: 2024] Proxy Statement.

The information required by this item is incorporated herein by reference to our [removed: 2023] [added: 2024] Proxy Statement.

| [removed: [10.8†](http://www.sec.gov/Archives/edgar/data/0001535527/000110465921035670/tm219494d1_ex99-1.htm)] [added: [10.8†](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000014/crwd-fy24ciptcs42423.htm)] | | | | | | [CrowdStrike Holdings, Inc. Corporate Incentive [removed: Plan.](http://www.sec.gov/Archives/edgar/data/0001535527/000110465921035670/tm219494d1_ex99-1.htm)] [added: Plan.](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000014/crwd-fy24ciptcs42423.htm)] | | | [removed: 8-K] [added: 10-Q] | | | 001-38933 | | | [removed: 99.1] [added: 10.1] | | | [removed: March 12, 2021] [added: June 1, 2023] | | | | | |

| [removed: [10.9†](http://www.sec.gov/Archives/edgar/data/0001535527/000110465921089005/tm2121414d1_ex10-1.htm)] [added: [10.9†](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000020/outsidedirectorcompensatio.htm)] | | | | | | [Outside Director Compensation Policy, as amended on [removed: October 19, 2022.](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000025/exhibit101outsidedirectorc.htm)] [added: June 21, 2023.](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000020/outsidedirectorcompensatio.htm)] | | | 10-Q | | | 001-38933 | | | 10.1 | | | [removed: November 30, 2022] [added: August 31, 2023] | | | | | |

| [removed: [10.11†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_7.htm)] [added: [10.11†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_8.htm)] | | | | | | [Offer Letter between the Registrant and [removed: Colin Black,] [added: Burt W. Podbere,] dated as of [removed: October 3, 2015.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_7.htm)] [added: August 10, 2015.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_8.htm)] | | | S-1 | | | 333-231461 | | | [removed: 10.7] [added: 10.8] | | | May 14, 2019 | | | | | |

| [removed: [10.16](http://www.sec.gov/Archives/edgar/data/1535527/000153552719000011/crowdstrikefourthamendme.htm)] [added: [10.13](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1019_crowdstrikeaustin1.htm)] | | | | | | [removed: [Fourth] [added: [First] Amendment to Office Lease [added: Agreement] between [removed: SPF Mathilda,] [added: EQC Capitol Tower Property] LLC and CrowdStrike, Inc., dated [removed: August 16, 2019.](http://www.sec.gov/Archives/edgar/data/1535527/000153552719000011/crowdstrikefourthamendme.htm)] [added: June 6, 2019.](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1019_crowdstrikeaustin1.htm)] | | | [removed: 10-Q] [added: 10-K] | | | 001-38933 | | | [removed: 10.1] [added: 10.19] | | | [removed: December 6, 2019] [added: March 16, 2022] | | | | | |

| [removed: [10.17](http://www.sec.gov/Archives/edgar/data/1535527/000153552720000006/crwd_sunnyvale5thamend10.htm)] [added: [10.19](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm)] | | | | | | [removed: [Fifth] [added: [Second] Amendment to Office Lease between [removed: SPF Mathilda,] [added: EQC Capitol Tower Property] LLC and CrowdStrike, Inc., dated [removed: October 2, 2019.](http://www.sec.gov/Archives/edgar/data/1535527/000153552720000006/crwd_sunnyvale5thamend10.htm)] [added: January 19, 2023](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm)] | | | 10-K | | | 001-38933 | | | [removed: 10.14] [added: 10.26] | | | March [removed: 23, 2020] [added: 8, 2023] | | | | | |

| [removed: [10.18](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1018_crowdstrikeaustinl.htm)] [added: [10.12](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1018_crowdstrikeaustinl.htm)] | | | | | | [Office Lease Agreement between EQC Capitol Tower Property LLC and CrowdStrike, Inc., dated April 20, 2018.](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1018_crowdstrikeaustinl.htm) | | | 10-K | | | 001-38933 | | | 10.18 | | | March 16, 2022 | | | | | |

| [removed: [10.20](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1020_crowdstrikexarcred.htm)] [added: [10.14](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1020_crowdstrikexarcred.htm)] | | | | | | [Amended and Restated Credit Agreement dated as of January 4, 2021, as amended on January 6, 2022 among CrowdStrike Holdings, Inc., as guarantor, CrowdStrike, Inc. as borrower, and Silicon Valley Bank and the other lenders party thereto.](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1020_crowdstrikexarcred.htm) | | | 10-K | | | 001-38933 | | | [removed: 10.2] [added: 10.20] | | | March 16, 2022 | | | | | |

| [removed: [10.21†](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/gk-specialpsuawardagreemen.htm)] [added: [10.15†](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/gk-specialpsuawardagreemen.htm)] | | | | | | [Amended and Restated Performance Unit Agreement with George Kurtz, dated September 1, 2021, under the CrowdStrike Holdings, Inc. 2019 Equity Incentive Plan.](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/gk-specialpsuawardagreemen.htm) | | | 10-Q | | | 001-38933 | | | 10.4 | | | September 1, 2021 | | | | | |

| [removed: [10.22†](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/crowdstrike-ceocicandsever.htm)] [added: [10.16†](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/crowdstrike-ceocicandsever.htm)] | | | | | | [Change in Control and Severance Agreement, dated as of September 1, 2021, by and between CrowdStrike Holdings, Inc. and George Kurtz.](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/crowdstrike-ceocicandsever.htm) | | | 10-Q | | | 001-38933 | | | 10.3 | | | September 1, 2021 | | | | | |

| [removed: [10.23†](http://www.sec.gov/Archives/edgar/data/1535527/000110465922004504/tm222862d1_ex10-1.htm)] [added: [10.17†](http://www.sec.gov/Archives/edgar/data/1535527/000110465922004504/tm222862d1_ex10-1.htm)] | | | | | | [Performance Unit Agreement with Burt Podbere, dated January 12, 2022, under the CrowdStrike Holdings, Inc. 2019 Equity Incentive Plan.](http://www.sec.gov/Archives/edgar/data/1535527/000110465922004504/tm222862d1_ex10-1.htm) | | | 8-K | | | 001-38933 | | | 10.1 | | | January 14, 2022 | | | | | |

| [removed: [10.24†](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000013/a101_carpentermupdated.htm)] [added: [10.18†](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000013/a102_henrysupdated.htm)] | | | | | | [Offer Letter between the Registrant and [removed: Michael Carpenter,] [added: Shawn Henry,] dated as of [removed: October 25, 2016.](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000013/a101_carpentermupdated.htm)] [added: March 4, 2012.](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000013/a102_henrysupdated.htm)] | | | 10-Q | | | 001-38933 | | | [removed: 10.1] [added: 10.2] | | | June 4, 2021 | | | | | |

| [removed: [21.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx211.htm)] [added: [21.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx211.htm)] | | | | | | [List of Subsidiaries of the [removed: Registrant.](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx211.htm)] [added: Registrant.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx211.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [23.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx231.htm)] [added: [23.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx231.htm)] | | | | | | [Consent of PricewaterhouseCoopers LLC, independent registered public accounting [removed: firm.](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx231.htm)] [added: firm.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx231.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [24.1](#i66f9843cc7424846b9262bad6a3ca9f2_199)] [added: [24.1](#i4cd7bca5d9a2416498f4c299c761bf02_193)] | | | | | | [Power of Attorney (reference is made to the signature page [removed: hereto).](#i66f9843cc7424846b9262bad6a3ca9f2_199)] [added: hereto).](#i4cd7bca5d9a2416498f4c299c761bf02_193)] | | | | | | | | | | | | | | | X | | |

| [removed: [31.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx311.htm)] [added: [31.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx311.htm)] | | | | | | [Certification of the Principal Executive Officer pursuant to Exchange Act Rules 13a14(a) and 15d14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of [removed: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx311.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx311.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [31.2](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx312.htm)] [added: [31.2](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx312.htm)] | | | | | | [Certification of the Principal Financial Officer pursuant to Exchange Act Rules 13a14(a) and 15d14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of [removed: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx312.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx312.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [32.1*](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx321.htm)] [added: [32.1*](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx321.htm)] | | | | | | [Certification of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of [removed: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/crwd-20230131xexx321.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx321.htm)] | | | | | | | | | | | | | | | X | | |

Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the day of March [removed: 8, 2023.][added: 6, 2024.]

| /s/ George Kurtz | | | | | | President, Chief Executive Officer, and Director (Principal Executive Officer) | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Burt W. Podbere | | | | | | Chief Financial Officer (Principal Financial Officer) | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Anurag Saha | | | | | | Chief Accounting Officer (Principal Accounting Officer) | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Gerhard Watzinger | | | | | | Chairman of the Board of Directors | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Cary J. Davis | | | | | | Director | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Denis J. O’Leary | | | | | | Director | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Godfrey R. Sullivan | | | | | | Director | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Johanna Flower | | | | | | Director | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Laura J. Schumacher | | | | | | Director | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Roxanne S. Austin | | | | | | Director | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| /s/ Sameer K. Gandhi | | | | | | Director | | | | | | March [removed: 8, 2023] [added: 6, 2024] | | |

| [10.20†](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/dcpadoptionagreementdate.htm) | | | | | | [CrowdStrike, Inc. Deferred Compensation Plan Adoption Agreement, dated May 4, 2023.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/dcpadoptionagreementdate.htm) | | | | | | | | | | | | | | | X | | |

| [10.21†](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/dcpdated1123.htm) | | | | | | [CrowdStrike, Inc, Deferred Compensation Plan, dated January 1, 2023.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/dcpdated1123.htm) | | | | | | | | | | | | | | | X | | |

| [97.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/clawbackpolicy2023final.htm) | | | | | | [Compensation Recovery Policy](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/clawbackpolicy2023final.htm) | | | | | | | | | | | | | | | X | | |

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| [10.12†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_8.htm) | | | | | | [Offer Letter between the Registrant and Burt W. Podbere, dated as of August 10, 2015.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_8.htm) | | | S-1 | | | 333-231461 | | | 10.8 | | | May 14, 2019 | | | | | |

| [10.13†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_9.htm) | | | | | | [Offer Letter between the Registrant and Roxanne S. Austin dated as of September 10, 2018.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_9.htm) | | | S-1 | | | 333-231461 | | | 10.9 | | | May 14, 2019 | | | | | |

| [10.14†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_10.htm) | | | | | | [Offer Letter between the Registrant and Godfrey R. Sullivan, undated.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_10.htm) | | | S-1 | | | 333-231461 | | | 10.10 | | | May 14, 2019 | | | | | |

| [10.15](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_12.htm) | | | | | | [Office Lease between CrowdStrike, Inc. and SPF Mathilda, LLC, dated as of April 4, 2017, as amended on September 18, 2017, October 27, 2017 and November 5, 2018.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_12.htm) | | | S-1 | | | 333-231461 | | | 10.12 | | | May 14, 2019 | | | | | |

| [10.19](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1019_crowdstrikeaustin1.htm) | | | | | | [First Amendment to Office Lease Agreement between EQC Capitol Tower Property LLC and CrowdStrike, Inc., dated June 6, 2019.](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1019_crowdstrikeaustin1.htm) | | | 10-K | | | 001-38933 | | | 10.19 | | | March 16, 2022 | | | | | |

| [10.25†](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000013/a102_henrysupdated.htm) | | | | | | [Offer Letter between the Registrant and Shawn Henry, dated as of March 4, 2012.](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000013/a102_henrysupdated.htm) | | | 10-Q | | | 001-38933 | | | 10.2 | | | June 4, 2021 | | | | | |

| [10.26](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm) | | | | | | [Second Amendment to Office Lease between EQC Capitol Tower Property LLC and CrowdStrike, Inc., dated January 19, 2023](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm) | | | | | | | | | | | | | | | X | | |