CrowdStrike Holdings (CRWD) 10-K risk factor changes: FY2024 vs FY2023

In such an event, the market price of our Class A common [removed: stock] [added: stock, or “common stock,”] could decline, and you could lose all or part of your investment.

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

- Our sales cycles can be long and unpredictable, and our sales efforts require considerable time and [removed: expense,][added: expense.]

If our [added: or our service providers’] internal networks, systems, or data are or are perceived to have been [removed: breached,] [added: compromised,] our reputation may be damaged and our financial results may be negatively affected.

- We rely on third-party data centers, such as Amazon Web Services, and our own colocation data [removed: centers,] [added: centers] to host and operate our Falcon platform, and any disruption of or interference with our use of these facilities may negatively affect our ability to maintain the performance and reliability of our Falcon platform, which could cause our business to suffer.

[Table [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

- Future acquisitions, strategic investments, partnerships, or alliances could be difficult to identify and integrate, divert the attention of key management personnel, disrupt our business, dilute stockholder value and adversely affect our [added: business, financial condition and] results of [removed: operations and financial condition.][added: operations.]

For example, our headcount grew from [removed: 4,965] [added: 7,273] employees as of January 31, [removed: 2022,] [added: 2023,] to [removed: 7,925] [added: 10,118] employees as of January 31, [removed: 2024.][added: 2025.]

[removed: We] [added: - We] have a history of losses, and while we have achieved profitability in [removed: quarterly] [added: certain] periods, [added: including fiscal 2024,] we may not be able to achieve or sustain profitability in the [removed: future.][added: future.]

We experienced net [removed: gains] [added: losses] of [removed: $89.3] [added: $19.3] million [removed: for fiscal 2024,] and [removed: net losses of] $183.2 [removed: million, and $234.8] million for fiscal [added: 2025 and] 2023, [added: respectively,] and [added: net income of $89.3 million for] fiscal [removed: 2022, respectively.][added: 2024.]

As of January 31, [removed: 2024,] [added: 2025,] we had an accumulated deficit of $1.1 billion.

While we have experienced significant growth in revenue in recent periods, and have achieved profitability during [removed: quarterly] [added: certain] periods, [added: including fiscal 2024,] we cannot assure you when or whether we will reach sustained profitability.

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

If our solutions do not achieve widespread adoption or there is a reduction in demand for our solutions due to a lack of customer acceptance, technological challenges, [added: damage to our reputation including as a result of the July 19 Incident,] competing products, privacy concerns, decreases in corporate spending, weakening economic conditions or otherwise, it could result in early terminations, reduced customer retention rates, or decreased revenue, any of which would adversely affect our business, results of operations, and financial results.

Furthermore, [removed: if] [added: to the extent] 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 whole, including our security solutions, could be negatively affected.

Success in delivering enhancements and new solutions depends on several factors, including the timely completion, introduction and market acceptance of the enhancement or new solution, the risk that such enhancement or new solution may have quality or other defects or [removed: deficiencies,] [added: deficiencies (such as those experienced in connection with the July 19 Incident),] especially in the early stages of introduction, as well as our ability to seamlessly integrate all of our product and service offerings and develop adequate sales capabilities in new markets.

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

Economic weakness, customer financial difficulties, [removed: and] constrained spending on security and IT [removed: operations] [added: operations, and the impact of the July 19 Incident] may result in decreased revenue, reduced sales, an increase in multi-phase subscription start dates, shorter terms for customer subscriptions, [added: lengthened sales cycles, increased churn, lower demand for our products, and adversely affect our results of operations and financial conditions.]

Our customers have no obligation to renew their subscription for our Falcon platform after the expiration of their contractual subscription period, which is generally one [removed: year,] [added: to three years,] and in the normal course of business, some customers have elected not to renew.

Our customer [removed: retention] [added: retention, renewals] and expansion may decline or fluctuate as a result of a number of factors, including our customers’ satisfaction with our [added: products and] services, our [added: customers’ ability to fully utilize their product subscriptions, our] pricing, customer security and networking issues and requirements, our customers’ spending levels, decreases in the number of endpoints to which our customers deploy our solutions, mergers and acquisitions involving our customers, industry developments, [removed: competition] [added: competition, the impact of the July 19 Incident, including the impact of our customer commitment packages,] and general economic and geopolitical conditions.

- our ability to establish and maintain relationships with channel [removed: partners;][added: partners and direct customers;]

- the strength of our sales and marketing efforts; [removed: and]

- [removed: identify] [added: identity] security vendors that seek to identify and secure user accounts and related activities; [removed: and]

- professional service providers who offer cybersecurity response [removed: services.][added: services; and]

Even if there is significant demand for cloud-based security solutions like ours, if our competitors include functionality that is, or is perceived to be, equivalent to or better than ours in legacy products that are already generally accepted as necessary components of an organization’s IT security architecture, we may have difficulty increasing the market penetration of our [removed: platform.][added: solutions.]

Because our cloud native security platform is complex, it [added: has contained, and] may [added: in the future] contain [removed: defects or] [added: defects,] errors [added: or vulnerabilities] that are not detected until after deployment.

In addition, because the techniques used by computer hackers to access or sabotage networks and endpoints change frequently and generally are not recognized until launched against a target, there is a risk that an advanced attack could emerge that our cloud native security platform is unable to detect or prevent [removed: until after some of our customers are affected.]

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 or third-party [removed: platforms] [added: platforms,] could result in personally-identifiable information and other customer data being accessible such as to attackers or to other customers.

Interruptions or failures in our service delivery could result in a cyberattack or other security threat to [added: us or to] one of our customers during such periods of interruption or failure.

[removed: While we do not consider them to have been material, we] [added: We] have experienced, and may in the future experience, service interruptions and other performance problems due to a variety of factors.

There is [removed: also] significant competition for personnel with the skills and technical knowledge that we require across our technology, cyber, sales, professional services, and administrative support functions.

[removed: Volatility] [added: Therefore, volatility] or lack of performance in our stock price [removed: may also] [added: could] affect our ability to attract and retain our key employees.

We generally recognize revenue from customers ratably over the terms of their subscription, which is generally one [removed: year.][added: to three years.]

[removed: Accordingly,] [added: Moreover,] the effect of downturns or upturns in new sales and potential changes in our rate of [removed: renewals] [added: renewals, including as a result of the July 19 Incident,] may not be fully reflected in our results of operations until future periods.

- insolvency or credit difficulties confronting our customers, affecting their ability to purchase or pay for our [removed: solutions;][added: solutions, including in connection with our customer and end-user financing arrangements;]

- extraordinary expenses such as [removed: litigation] [added: litigation, regulatory] or other dispute-related settlement payments or outcomes;

In addition, we experience seasonal fluctuations in our financial results as we typically receive a higher percentage of our annual orders from new customers, as well as renewal orders from existing customers, in the second half of the fiscal year as compared to the first half of the year due to the annual budget approval [removed: process] [added: processes] of many of our customers.

[removed: If] [added: - If] we are not able to maintain and enhance our CrowdStrike and Falcon [removed: brand] [added: brands] and our reputation as a provider of high-efficacy security solutions, our business and results of operations may be adversely [removed: affected.][added: affected.]

We believe that maintaining and enhancing our CrowdStrike and Falcon [removed: brand] [added: brands] and our reputation as a provider of high-efficacy security solutions is critical to our relationship with our existing customers, channel partners, and technology alliance partners and our ability to attract new customers and partners.

The successful promotion of our CrowdStrike and Falcon [removed: brand will depend] [added: brands depends] on a number of factors, including our marketing efforts, our ability to continue to develop additional cloud modules and features for our Falcon platform, our ability to successfully differentiate our Falcon platform from competitive cloud-based or legacy security solutions and, ultimately, our ability to detect and stop breaches.

- The July 19 Incident has had, and is expected to continue to have, an adverse effect on our business, sales, customer and partner relations, reputation, results of operations and financial condition.

- We are required to comply with stringent, complex and evolving laws, rules, regulations and standards in many jurisdictions, as well as contractual obligations, relating to data privacy and security.

Any actual or perceived failure to comply with these requirements could have a material adverse effect on our business.

- Failure to comply with laws and regulations applicable to our business could subject us to fines and penalties and could also cause us to lose customers or negatively impact our ability to contract with customers, including those in the public sector.

- We are currently, and may in the future become, involved in litigation that may adversely affect us.

The July 19 Incident has had, and is expected to continue to have, an adverse effect on our business, sales, customer and partner relations, reputation, results of operations and financial condition.

On July 19, 2024, we released a content configuration update for our Falcon sensor that resulted in system crashes for certain Windows systems (the “July 19 Incident”).

We have incurred, and expect to continue to incur, significant costs and expenses related to the incident, including in connection with remediation efforts, customer and partner relations, measures taken to address the damage to our reputation, and other measures taken in response to the incident.

Our management and other personnel have devoted, and may continue to devote, significant time and resources to address the impacts of the July 19 Incident.

We also have hired, and in the future may hire, additional personnel to assist with our ongoing efforts.

Any real or perceived failure, by us or the third-party service providers we engage, to remediate and respond to the July 19 Incident could adversely impact our business.

While we are investing in enhancements to software resiliency, testing and customer controls following the July 19 Incident, we cannot guarantee that such enhancements will be effective, or that our products do not have or will not have defects, errors, or vulnerabilities.

The July 19 Incident has harmed, and is expected to continue to harm, our business, sales, customer and partner relations, and our reputation.

As a result of the incident, certain of our existing or prospective customers have elected to, and may in the future elect to, defer purchasing decisions relating to our products and services or not purchase our products and services at all.

Customers have also decided, and may in the future decide, to terminate or not renew their agreements with us.

The July 19 Incident has negatively impacted, and may in the future negatively impact, our existing or prospective partners’ ability or willingness to promote our products or services.

Certain of our competitors have aggressively approached our current and prospective customers and partners to attempt to capitalize on the incident, and may continue to do so.

Furthermore, we have agreed to, and expect to agree to in the future, provide incentives in connection with our commercial arrangements with our

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

customers, including subscription period extensions, discounts or promotional modules.

The July 19 Incident has received negative media coverage and harmed our reputation and brand.

If we are unable to regain the trust of our current and prospective customers and partners, or if negative media coverage and publicity continues, our reputation and brand may suffer further, exacerbating the effects discussed herein.

These factors may result in harm to our business, results of operations and financial condition.

We are party to a number of legal proceedings relating to the July 19 Incident, such as lawsuits filed by or on behalf of third parties, including securities litigation brought on behalf of certain purchasers of our common stock, derivative litigation asserting claims against certain officers and directors, and putative class actions brought by individual consumers.

We have also received inquiries from governmental authorities and other third parties, and governmental authorities may seek to impose undertakings, injunctive relief, consent decrees or other penalties, which could, among other things, materially increase our expenses or otherwise require us to alter how we operate our business.

Third parties, including governmental authorities, may take certain actions in response to the July 19 Incident that may negatively impact our business and operations and may result in additional costs and expenses relating to compliance, product development or other matters.

Some customers and other third parties claiming to have been impacted by the incident have asserted claims against us or otherwise communicated their intent to seek indemnification or compensation from us.

Additional claims may also be asserted by or on behalf of customers, customers’ insurers, partners, stockholders or others seeking monetary damages or other relief.

These lawsuits, claims and inquiries are resulting, and are expected to result in the future, in the incurrence of significant costs and expenses, the diversion of management’s attention from the operation of our business and other negative impacts on our business and operations.

While we maintain insurance policies that may cover certain costs, claims and liabilities in connection with the July 19 Incident, we expect that our insurance coverage will not cover all costs, claims and liabilities actually incurred, and we cannot be certain that our insurance will continue to be available to us on commercially reasonable terms, or at all, or that any insurer will not deny coverage as to any future claim.

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

Any such impacts on customer renewals may be associated with a variety of different factors, including customers electing to renew with shorter subscription periods, fewer cloud modules, fewer endpoints or smaller contract values.

We have also experienced, and expect to continue to experience, longer sales cycles in connection with the July 19 Incident.

We

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

may also experience longer sales cycles as customers seek to consolidate on our Falcon platform and negotiate larger deals, including in connection with our flexible subscription offering.

- the strength of our reputation and brand, including the impact to our reputation and brand as a result of the July 19 Incident; and

- legacy SIEM vendors who offer a range of log management and security capabilities.

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

- If we are not able to comply with applicable data protection, security, privacy, and other government- and industry-specific laws, regulations, standards or requirements, our business, results of operations, and financial condition could be harmed.

accounting, and other expenses as a public company.

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

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.

quality or performance standards.

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

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.

We have not to date received any indemnification claims from third parties.

However, as we continue to grow, the possibility of these claims against us will increase.

As of February 29, 2024, we had 229,383,465 shares of Class A common stock outstanding and 12,485,193 shares of Class B common stock outstanding.

In addition, certain holders of our Class B common stock are entitled to rights with respect to registration of these shares under the Securities Act pursuant to our amended and restated registration rights agreement.

If these holders of our Class B common stock, by exercising their registration rights, sell a large number of shares, they could adversely affect the market price for our Class A common stock.

The dual class structure of our common stock has the effect of concentrating voting control with those stockholders who held our capital stock (or options or other securities convertible into or exercisable for our capital stock) prior to the completion of our initial public offering, including our executive officers, employees, directors, principal stockholders, and their affiliates, which will limit your ability to influence the outcome of matters submitted to our stockholders for approval.

Our Class B common stock has 10 votes per share, and our Class A common stock has one vote per share.

The dual class structure of our common stock has the effect of concentrating voting control with those stockholders who held our capital stock (or options or other securities convertible into or exercisable for our capital stock) prior to our initial public offering, including our executive officers, employees, directors, principal stockholders, and their affiliates, which will limit your ability to influence the outcome of matters submitted to our stockholders for approval, including the election of our directors and the approval of any change in control transaction.

Future transfers by holders of Class B common stock will generally result in

those shares converting to Class A common stock, which will have the effect, over time, of increasing the relative voting power of those holders of Class B common stock who retain their shares in the long term.

As of January 31, 2024, our executive officers, directors, one of our current stockholders and its respective affiliates held, in aggregate, 36% of the voting power of our outstanding capital stock.

As a result, these stockholders, acting together, have control over most matters that require approval by our stockholders, including the election of directors and approval of significant corporate transactions.

They may also have interests that differ from yours and may vote in a way with which you disagree and which may be adverse to your interests.

This concentration of ownership may have the effect of delaying, preventing or deterring a change of control or other liquidity event of our company, could deprive our stockholders of an opportunity to receive a premium for their shares of common stock as part of a sale or other liquidity event and might ultimately affect the market price of our common stock.

Further, our amended and restated certificate of incorporation provides that, to the fullest extent permitted by law, the doctrine of “corporate opportunity” does not apply to Accel, or its respective affiliates, in a manner that would prohibit them from investing in competing businesses or doing business with our partners or customers.

- our dual class common stock structure, which provides our holders of Class B common stock with the ability to significantly influence the outcome of matters requiring stockholder approval, even if they own significantly less than a majority of the shares of our outstanding Class A and Class B common stock;

- a prohibition on stockholder action by written consent, which forces stockholder action to be taken at an annual or special meeting of our stockholders, which prohibition will take effect on the first date on which the number of outstanding shares of our Class B common stock represents less than 10% of the aggregate number of outstanding shares of our Class A common stock and our Class B common stock, taken together as a single class;

The incurrence of indebtedness would result in

Under pillar one, a portion of the residual profits of multinational businesses with global turnover above €20 billion and a profit margin above 10% will be allocated to market jurisdictions where such allocated profits would be taxed.

The federal research and development credit carryforwards will begin to expire in 2036, and the California carryforwards are carried forward indefinitely.

As of January 31, 2024, we had aggregate United Kingdom net operating loss carryforwards of $78.0 million and Israel net operating loss carryforwards of $51.5 million, which are carried forward indefinitely.

and we may be required to collect such taxes in the future.

This section of this Form 10-K generally discusses fiscal [removed: 2024] [added: 2025] and [removed: 2023] [added: 2024] items and year-over-year comparisons between fiscal [removed: 2024] [added: 2025] and [removed: 2023.][added: 2024.]

Discussions of fiscal [removed: 2022] [added: 2023] items and year-over-year comparisons between fiscal [removed: 2023] [added: 2024] and [removed: 2022] [added: 2023] 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: 2023.][added: 2024.]

Our fiscal years ended January 31, [removed: 2024,] [added: 2025,] January 31, [removed: 2023,] [added: 2024,] and January 31, [removed: 2022,] [added: 2023,] are referred to herein as fiscal [removed: 2024,] [added: 2025,] fiscal [removed: 2023,] [added: 2024,] and fiscal [removed: 2022,] [added: 2023,] respectively.*

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

We believe our approach has defined a new category called the Security Cloud, which has [removed: the power to transform] [added: transformed] the cybersecurity industry the same way the cloud has transformed the customer relationship management, human resources, and service management industries.

[Table [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

A substantial majority of our customers purchase subscriptions with a term [removed: of] [added: over] one year.

Maintain Customer Retention and Increase Sales. Our ability to increase revenue depends in large part on our ability to retain our existing customers and increase the [removed: ARR] [added: size] of their subscriptions.

| | | | [removed: 2024] [added: 2025] | | | | | | [removed: 2023] [added: 2024] | | | | | | [added: 2023] | | |

| Annual recurring revenue | | | $ | [removed: 3,435,150] [added: 4,241,838] | | | | | $ | [removed: 2,559,694] [added: 3,435,150] | | | | | | | |

| Year-over-year growth | | | [removed: 34] [added: 23] | | % | | | | [removed: 48] [added: 34] | | % | | | | | | |

ARR increased [removed: 48%] [added: 23%] year-over-year and grew to [removed: $2.6] [added: $4.2] billion as of January 31, [removed: 2023,] [added: 2025,] of which [removed: $828.4] [added: $806.7] million was net new ARR added during fiscal [removed: 2023.][added: 2025.]

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

| Dollar-based net retention rate | | | [removed: 119] [added: 112] | | % | | | | [removed: 125] [added: 119] | | % | | | | | | |

| | | | [removed: 2024] [added: 2025] | | | | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2022] [added: 2023] | | |

| Subscription | | | $ | [removed: 2,870,557] [added: 3,761,480] | | | | | $ | [removed: 2,111,660] [added: 2,870,557] | | | | | $ | [removed: 1,359,537] [added: 2,111,660] | |

| Professional services | | | [removed: 184,998] [added: 192,144] | | | | | | [removed: 129,576] [added: 184,998] | | | | | | [removed: 92,057] [added: 129,576] | | |

| Total revenue | | | [removed: 3,055,555] [added: 3,953,624] | | | | | | [removed: 2,241,236] [added: 3,055,555] | | | | | | [removed: 1,451,594] [added: 2,241,236] | | |

| Subscription | | | [removed: 630,745] [added: 835,509] | | | | | | [removed: 511,684] [added: 630,745] | | | | | | [removed: 321,904] [added: 511,684] | | |

| Professional services | | | [removed: 124,978] [added: 155,972] | | | | | | [removed: 89,547] [added: 124,978] | | | | | | [removed: 61,317] [added: 89,547] | | |

| Total cost of revenue | | | [removed: 755,723] [added: 991,481] | | | | | | [removed: 601,231] [added: 755,723] | | | | | | [removed: 383,221] [added: 601,231] | | |

| Gross profit | | | [removed: 2,299,832] [added: 2,962,143] | | | | | | [removed: 1,640,005] [added: 2,299,832] | | | | | | [removed: 1,068,373] [added: 1,640,005] | | |

| Sales and marketing | | | [removed: 1,140,566] [added: 1,523,356] | | | | | | [removed: 904,409] [added: 1,140,566] | | | | | | [removed: 616,546] [added: 904,409] | | |

| Research and development | | | [removed: 768,497] [added: 1,076,901] | | | | | | [removed: 608,364] [added: 768,497] | | | | | | [removed: 371,283] [added: 608,364] | | |

| General and administrative | | | [removed: 392,764] [added: 482,316] | | | | | | [removed: 317,344] [added: 392,764] | | | | | | [removed: 223,092] [added: 317,344] | | |

| Total operating expenses | | | [removed: 2,301,827] [added: 3,082,573] | | | | | | [removed: 1,830,117] [added: 2,301,827] | | | | | | [removed: 1,210,921] [added: 1,830,117] | | |

| Loss from operations | | | [removed: (1,995)] [added: (120,430)] | | | | | | [removed: (190,112)] [added: (1,995)] | | | | | | [removed: (142,548)] [added: (190,112)] | | |

| Interest expense | | | [removed: (25,756)] [added: (26,311)] | | | | | | [removed: (25,319)] [added: (25,756)] | | | | | | [removed: (25,231)] [added: (25,319)] | | |

| Interest income | | | [removed: 148,930] [added: 196,174] | | | | | | [removed: 52,495] [added: 148,930] | | | | | | [removed: 3,788] [added: 52,495] | | |

| Other income, net | | | [removed: 1,638] [added: 5,101] | | | | | | [removed: 3,053] [added: 1,638] | | | | | | [removed: 3,968] [added: 3,053] | | |

| Income (loss) before provision for income taxes | | | [removed: 122,817] [added: 54,534] | | | | | | [removed: (159,883)] [added: 122,817] | | | | | | [removed: (160,023)] [added: (159,883)] | | |

| Provision for income taxes | | | [removed: 32,232] [added: 71,130] | | | | | | [removed: 22,402] [added: 32,232] | | | | | | [removed: 72,355] [added: 22,402] | | |

| Net income (loss) | | | [removed: 90,585] [added: (16,596)] | | | | | | [removed: (182,285)] [added: 90,585] | | | | | | [removed: (232,378)] [added: (182,285)] | | |

| Net income attributable to non-controlling interest | | | [removed: 1,258] [added: 2,675] | | | | | | [removed: 960] [added: 1,258] | | | | | | [removed: 2,424] [added: 960] | | |

| Net income (loss) attributable to CrowdStrike | | | $ | [removed: 89,327] [added: (19,271)] | | | | | $ | [removed: (183,245)] [added: 89,327] | | | | | $ | [removed: (234,802)] [added: (183,245)] | |

| Subscription | | | [removed: 94] [added: 95] | | % | | | | 94 | | % | | | | 94 | | % |

| Professional services | | | [removed: 6] [added: 5] | | % | | | | 6 | | % | | | | 6 | | % |

| Subscription | | | 21 | | % | | | | [removed: 23] [added: 21] | | % | | | | [removed: 22] [added: 23] | | % |

| Total cost of revenue | | | 25 | | % | | | | [removed: 27] [added: 25] | | % | | | | [removed: 26] [added: 27] | | % |

| Gross profit | | | 75 | | % | | | | [removed: 73] [added: 75] | | % | | | | [removed: 74] [added: 73] | | % |

July 19 Incident.

On July 19, 2024, we released a content configuration update for our Falcon sensor that resulted in system crashes for certain Windows systems (the “July 19 Incident”).

As a result of the July 19 Incident, we are subject to lawsuits, claims and inquiries as described in Note 10, Commitments and Contingencies, in Part II, Item 8 of this Annual Report on Form 10-K.

We have incurred, and expect to continue to incur, significant legal and professional services and other general and administrative expenses associated with the July 19 Incident in future periods.

It is not reasonably possible to quantify the precise impact of the July 19 Incident, but the incident has adversely affected our results of operations, and we currently expect a number of factors relating to the incident to adversely affect our key metrics and results of operations in future periods.

While we have maintained high dollar-based gross retention rates following the incident, we have experienced delays in creating sales opportunities and longer sales cycles, including delays in customer purchasing decisions.

We expect sales cycles to continue to be elongated in future periods.

In addition, because our customers typically sign contracts with terms of twelve months or longer, customer churn and any corresponding impact to our key metrics and revenue may occur in future periods.

Customer commitment packages introduced following the July 19 Incident have included discounting, additional modules, professional services, flexible payment terms or subscription period extensions.

Our customer commitment packages have resulted, and are expected to continue to result, in increased contraction, due to elongated subscription terms, and decreased upsell dollar values.

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| | | | 2025 | | | | | | 2024 | | | | | | | | |

In addition, if our customers are not able to fully utilize their product subscriptions (including in connection with our flexible subscription offering), we may experience increased contraction as such customers may elect to renew with shorter subscription periods, fewer cloud modules, fewer endpoints or smaller contract values, which may reduce our dollar-based net retention rate.

| | | | 2025 | | | | | | 2024 | | | | | | | | |

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We generally invoice our subscription customers at the beginning of the subscription term, or in some instances, such as in multi-year arrangements, in installments.

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We expect to incur significant legal and professional services and other expenses associated with the July 19 Incident in future periods.

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| | | | 2025 | | | | | | 2024 | | | | | | $ | | | | | | % | | |

| Subscription | | | $ | 3,761,480 | | | | | $ | 2,870,557 | | | | | $ | 890,923 | | | | | 31 | | % |

| Total revenue | | | $ | 3,953,624 | | | | | $ | 3,055,555 | | | | | $ | 898,069 | | | | | 29 | | % |

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| | | | 2025 | | | | | | 2024 | | | | | | $ | | | | | | % | | |

| Subscription | | | $ | 835,509 | | | | | $ | 630,745 | | | | | $ | 204,764 | | | | | 32 | | % |

| Total cost of revenue | | | $ | 991,481 | | | | | $ | 755,723 | | | | | $ | 235,758 | | | | | 31 | | % |

| | | | 2025 | | | | | | 2024 | | | | | | $ | | | | | | % | | |

| Subscription gross profit | | | $ | 2,925,971 | | | | | $ | 2,239,812 | | | | | $ | 686,159 | | | | | 31 | | % |

| Total gross profit | | | $ | 2,962,143 | | | | | $ | 2,299,832 | | | | | $ | 662,311 | | | | | 29 | | % |

| | | | 2025 | | | | | | 2024 | | | | | | | | |

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| | | | 2025 | | | | | | 2024 | | | | | | $ | | | | | | % | | |

| | | | 2025 | | | | | | 2024 | | | | | | $ | | | | | | % | | |

| | | | 2025 | | | | | | 2024 | | | | | | $ | | | | | | % | | |

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It is not currently possible to reasonably estimate the amount of loss or range of possible loss that might result from adverse judgments, settlements, penalties, or other resolution of proceedings resulting from the July 19 Incident.

Our Revolving Facility matures on January 2, 2026.

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

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

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

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

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

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

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

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

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

Because the majority of our subscription customers are billed upfront, we have recorded significant deferred revenue.

The majority of our customers are invoiced annually in advance or multi-year in advance.

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

We typically invoice our subscription customers annually in advance.

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

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

| Operating expenses | | | 2,320,534 | | |

| Net income | | | 35,530 | | |

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

| Current liabilities | | | 2,605,892 | | | | | | | | |

Subsequent to January 31, 2024, we have committed to an additional $1.8 billion of non-cancellable purchase obligations from fiscal 2025 to fiscal 2031.

On March 3, 2024, we entered into a definitive agreement to acquire Flow Security Ltd., a privately held company.

The purchase price for the transaction will be approximately $115.0 million, subject to customary closing adjustments.

The acquisition is expected to close in the first quarter of fiscal 2025.

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, [removed: 2024] [added: 2025] or January 31, [removed: 2023.][added: 2024.]

A hypothetical 10% adverse change in the U.S. dollar against other currencies would have resulted in an increase in operating loss of approximately [removed: $75.8] [added: $108.3] million, [removed: $55.5] [added: $75.8] million and [removed: $36.3] [added: $55.5] million for the fiscal years ended January 31, [removed: 2024,] [added: 2025,] January 31, [removed: 2023] [added: 2024] and January 31, [removed: 2022] [added: 2023] respectively.

We do not believe that inflation had a material effect on our business, financial condition, or results of operations during the fiscal years ended January 31, [removed: 2024,] [added: 2025,] January 31, [removed: 2023,] [added: 2024,] or January 31, [removed: 2022.][added: 2023.]

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As of January 31, 2025, we had cash and cash equivalents of $4.3 billion.

As of January 31, 2023, we had cash and cash equivalents of $2.5 billion and short-term investments of $250.0 million.

Founded in 2011, CrowdStrike reinvented cybersecurity for the cloud [added: and artificial intelligence (“AI”)] era and transformed the way cybersecurity is delivered and experienced by customers.

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

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 [removed: capability while reducing complexity] [added: capabilities, reduces complexity,] and [removed: cost] [added: lowers costs] – all while stopping breaches.

Today, we offer [removed: 27] [added: 29] cloud modules on our Falcon platform via a SaaS subscription-based model that spans multiple large markets, including corporate endpoint and cloud workload security, managed security services, security and vulnerability management, IT operations management, identity protection, next-generation [removed: SIEM] [added: security information] and [added: event management (“SIEM”) and] log management, threat intelligence services, data protection, [added: SaaS security posture management,] Security Orchestration, Automation and Response (“SOAR”) and AI powered workflow automation, and securing generative AI workloads.

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- The Increasing Sophistication and Disruption of Cybersecurity [removed: Threats:] [added: Threats:] Adversary sophistication continues to increase as militaries and intelligence services of well-funded nation-states, technically advanced criminal organizations and hackers advance their tactics.

- An Expanded Attack Surface Driven By Hybrid and Remote [removed: Workforces:] [added: Workforces:] Organizations everywhere are embracing digital transformation and are becoming more distributed as they adopt the cloud, increase workforce mobility, and grow their number of connected devices.

- A Growing Cyber Skills [removed: Gap:] [added: Gap:] Trained cybersecurity professionals are in high demand, and organizations continue to face a dire shortage of talent to fill much needed cybersecurity positions.

- The Need to Reduce Complexity and Simplify Security [removed: Operations:] [added: Operations:] Organizations are increasingly looking to reduce the complexity of their security and IT stack.

Competitive Market: Existing Security Solutions Are Limited and Exacerbate Ongoing [removed: Trends:][added: Trends:]

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

- Application Whitelisting Products That Are [removed: Ineffective:] [added: Ineffective:] Application whitelisting products resort to an “always allow” or “always block” policy on an endpoint to allow or prevent processes from executing.

- The Power of the [removed: Crowd:] [added: Crowd:] Our crowdsourced data enables every customer to benefit from contributing to the Security Cloud.

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

- High Efficacy, Low False Positives: The vast telemetry of the Security Cloud and the best practices employed in continually training our AI models results in [removed: industry-leading] [added: exceptionally high] efficacy rates and low false [removed: positives.][added: positives, delivering proven performance in real-world scenarios.]

- Consolidation of Siloed Products: Integrating and maintaining numerous security products creates blind spots that attackers can exploit, [removed: is costly to maintain] [added: increases costs,] and negatively impacts [removed: user performance.][added: both end-user system performance and the experience of the security analyst.]

Our cloud-native platform [removed: approach] gives customers a unified approach to address their most critical areas of risk seamlessly.

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

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

Falcon Complete provides a comprehensive monitoring, management, response, and remediation solution to our customers and is designed to bring enterprise level security to companies that may lack [removed: enterprise level resources.][added: the resources or expertise to do so on their own.]

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

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

[removed: Falcon LogScale] [added: Next-Generation SIEM and Log Management: CrowdStrike’s] Next-Gen SIEM [removed: is a complete SOC platform designed to stop breaches with AI-native] [added: and log management solutions deliver AI-driven] detection, [removed: investigation] [added: investigation,] and [removed: response, as well as delivering] [added: response capabilities, alongside] high-performance log management for any data source.

[added: Application Development:] The Falcon Foundry no-code application development platform allows customers to quickly create their own apps to solve custom security and IT use-cases with full access to CrowdStrike’s data, threat intelligence, automation, and cloud-scale infrastructure.

The power of our land-and-expand strategy is evidenced by our [removed: 119%] [added: 112%] dollar-based net retention rate as of January 31, [removed: 2024.][added: 2025.]

Further evidence of our progress into these critical markets is demonstrated by virtue of [added: the] fact that 25 of the 50 U.S. states have standardized on CrowdStrike’s platform at the enterprise level.

We grew our international revenue from [removed: $677.7] [added: $967.5] million for fiscal [removed: 2023] [added: 2024] to [removed: $967.5] [added: $1,270.7] million for fiscal [removed: 2024,] [added: 2025,] representing an increase of [removed: 43%.][added: 31%.]

We launched the CrowdStrike [removed: Store,] [added: Marketplace,] the first open cloud-based application PaaS for cybersecurity, which allows customers to purchase CrowdStrike products and provides an ecosystem of trusted partners and applications for our customers to choose from.

Threat Graph also provides query and hunting capability over the full set of [removed: high fidelity] [added: high-fidelity] events collected in the graph.

In addition to our Falcon platform and cloud modules, we also offer incident response, forensic investigatory, and breach recovery services; technical assessment and strategic advisory services; [added: Next-Gen SEIM consulting; platform deployment and operational services;] as well as training [added: and certifications] to assist organizations that have experienced a breach or who are assessing their security posture and ability to respond to breaches.

*•*Incident Response, Forensics, and Recovery Services. Our incident response services typically begin by deploying our lightweight agent to a customer’s endpoints or cloud workloads to provide [removed: comprehensive] visibility in order to determine if an attacker is currently in the environment, what assets have been compromised, and how much damage has been done.

[removed: These] [added: All of these] services are designed to evaluate our customers’ security profile so they can identify areas of vulnerability, secure their network, and improve their response if their defenses are breached.

[removed: *•*Training.] [added: - CrowdStrike University Training and Certification.] We offer training and certification services to customers and partners on CrowdStrike technologies and cybersecurity topics to facilitate the adoption of CrowdStrike and to broaden and deepen their skills.

Some of the world’s largest enterprises, government organizations, and [removed: high profile] [added: high-profile] brands trust us to protect their business.

We employ a wide range of digital programs, including search engine marketing, online and social media initiatives, and content syndication to increase traffic to our website and encourage prospective customers to sign up for a [added: free trial of the Falcon platform.]

We work with a [removed: number] [added: wide array] of [added: go-to-market partners in our] technology alliance partners to design go-to-market strategies that combine our platform with products or services provided by our technology alliance partners.

- identity security vendors that seek to identify and secure user accounts and related activities; [removed: and]

- professional service providers who offer cybersecurity response [removed: services.][added: services; and]

- strength of sales, marketing, and channel partner relationships; [removed: and]

- customer support, incident response, and proactive [removed: services.][added: services; and]

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- The Limitations of Legacy SIEMs: Originally designed years or even decades ago for a vastly different cybersecurity landscape, legacy SIEM solutions struggle to meet the demands of modern security operations.

These systems lack the scalability to handle today’s data volumes and adversary speed, while escalating costs make centralized data collection and retention increasingly difficult.

Poor scalability contributes to siloed, disjointed SOC architectures, forcing analysts to manually correlate data across multiple consoles, diverting time and resources from threat detection and response.

Complex onboarding processes further delay time-to-value, requiring significant effort to integrate new data sources.

As a result, legacy SIEMs hinder operational efficiency, limit visibility, and increase the risk of data breaches.

- Driving AI Innovation and Security: We are a pioneer in leveraging AI to transform cybersecurity, combining AI for cybersecurity with cybersecurity for AI.

The Falcon platform’s AI-native architecture uses advanced models and the power of the Security Cloud to detect and stop breaches, while innovations like Charlotte AI represent a significant advancement in agentic AI—delivering autonomous security decisions within customer-defined guardrails to triage detections, reduce noise, and accelerate response.

Charlotte AI, powered by high-fidelity data and continual training, reduces routine investigation workloads, bridging critical skills gaps for stretched teams.

As AI continues to evolve, CrowdStrike is driving the next generation of AI-powered agentic cybersecurity—enabling AI to act independently while ensuring human oversight and control.

Beyond delivering AI-driven protection, we also secure the AI systems organizations depend on, helping customers safeguard generative AI applications, protect sensitive data, and mitigate the risks posed by AI misconfigurations and vulnerabilities.

By advancing AI innovation and security, we empower organizations to stay ahead of adversaries, increase operational efficiency, and securely embrace the AI-driven future.

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In this evolving landscape, automation and autonomous security are no longer sufficient on their own.

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CrowdStrike Falcon Platform: Unified Security Across Major Categories

Our cloud-native Falcon platform integrates seamlessly with our single lightweight agent to deliver robust functionality across key areas of cybersecurity and IT operations.

The Falcon platform delivers 29 cloud modules, enabling customers to address their most critical areas of risk with speed, confidence, and visibility through one unified platform.

Key areas of focus include:

Endpoint Security: The Falcon platform offers next-generation antivirus, endpoint detection and response (“EDR”) and extended detection and response (“XDR”) to defend against malware, fileless attacks, and advanced threats.

With cross-domain telemetry and unified incident management, we enable organizations to detect, investigate, and respond to threats across the security stack efficiently and effectively.

Cloud Security: CrowdStrike provides robust cloud security solutions to protect workloads, containers, and applications in real time.

Our offerings include runtime protection, cloud security posture management, application security posture management and more to secure multi-cloud environments and enhance the resilience of cloud-native applications.

By integrating seamlessly into developer workflows, we empower teams to shift security left and mitigate vulnerabilities before deployment.

Exposure Management: CrowdStrike’s exposure management solutions unify data from multiple sources, including IT hygiene, vulnerability management, and external attack surface management.

These capabilities allow organizations to predict attack paths, prioritize remediation efforts, and proactively reduce their risk exposure.

Real-time insights and guided actions empower customers to address vulnerabilities before they can be exploited.

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Managed Services Subscription: Falcon Complete Next-Gen Managed Detection and Response (“MDR”) delivers a comprehensive managed security service subscription that combines 24/7 expert monitoring, investigation, response, and remediation to stop breaches across the entire attack lifecycle.

Delivered by CrowdStrike’s team of security experts and powered by the AI-native Falcon platform, it combines industry-leading endpoint protection and extends managed protection across cloud security, identity protection, asset visibility, and Next-Gen SIEM, with 24/7 managed threat hunting from Falcon Adversary OverWatch for a full-stack MDR service.

Falcon Complete Next-Gen MDR is also backed by an underwritten limited warranty policy, underscoring our commitment to breach protection and customer confidence.

Counter Adversary Operations: CrowdStrike’s Counter Adversary Operations include proactive threat hunting and intelligence capabilities.

These solutions leverage the insights of elite security experts and the power of Threat Graph to identify and mitigate advanced threats, providing customers with actionable intelligence to strengthen their defenses.

Identity Protection: Identity protection solutions from CrowdStrike safeguard against identity-based attacks with real-time detection, behavioral analytics, and policy enforcement.

These capabilities provide visibility into anomalies and lateral movement, enabling organizations to defend their most critical assets.

This comprehensive approach enhances security operations and enables organizations to respond to threats with speed and precision.

Generative AI: Innovations like Charlotte AI leverage generative AI and natural language processing to automate time-intensive tasks, enabling security analysts to work more efficiently.

Charlotte AI transforms hours of routine investigation into minutes, addressing critical skills gaps and enhancing operational efficiency.

Powered by the Falcon platform’s unique data advantage, Charlotte continues to evolve, delivering time savings and workflow automation to meet the demands of modern security operations.

CrowdStrike Falcon Platform: Our Cloud Delivered Modules

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

Today, our modules include:

Cloud Security

- 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.

- Falcon Horizon—Cloud Security Posture Management.

Falcon Horizon delivers unified visibility, threat detection, and continuous monitoring and compliance for multi-cloud environments.

Falcon Horizon automates the process to detect cloud related misconfigurations, vulnerabilities, and identity-based risks, providing step-by-step remediation and giving developers guardrails to avoid costly mistakes.

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.

Endpoint Security and XDR

- Falcon Prevent—Next-Generation Antivirus.

Falcon Prevent provides next-generation antivirus capabilities to customers, delivering comprehensive protection to defend customers against both malware and fileless attacks.

- Falcon Insight XDR—Endpoint Detection and Response.

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

- 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 Device Control—Device Control.

Falcon Device Control provides administrators with a high degree of visibility and granular control of USB peripheral devices.

- Falcon Firewall Management—Host Firewall Management.

Falcon Firewall Management provides centralized management of the firewall capabilities native to the host operating system, allowing customers to create, enforce, and maintain host firewall policies.

- 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.

Exposure Management

- Falcon Exposure Management—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 Discover—IT Hygiene and IoT.

Falcon Discover identifies managed, unmanaged, and rogue systems as well as applications 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 inventorying.

New enhancements in Falcon Discover for IoT minimize risk for IoT/OT devices with comprehensive asset visibility, monitoring, and security hygiene.

- Falcon Spotlight—Vulnerability Management.

Falcon Spotlight identifies vulnerabilities in real time that exist across our customer endpoints.

The module does not depend on scanning systems for vulnerabilities, a process that can often take days or weeks for an enterprise, and instead leverages data already collected by our agent to provide instant and accurate real-time visibility into an enterprise’s vulnerability exposure.

- Falcon Surface—External Attack Surface Management.

Falcon Surface allows customers to discover and map all internet-facing assets to shut down potential exposures with guided mitigation plans to reduce the attack surface and organizational risk.

- Falcon Forensics—Forensic Data for Analysis of Cybersecurity Incidents.

Based on years of incident response experience and forensics investigative services from CrowdStrike’s leading services team, Falcon Forensics streamlines the collection of point-in-time and historic forensic triage data for robust analysis of cybersecurity incidents, threat hunting as well as enabling responders to quickly identify relevant evidence of an intrusion with preset dashboards, allowing for rapid investigation, triage and remediation.

- Falcon FileVantage—File Integrity Monitoring.

For information regarding legal proceedings and other claims [added: asserted against us, including] in [removed: which we are involved,] [added: relation to the July 19 Incident,] see Note [removed: 9,] [added: 10,] Commitments and Contingencies, in Part II, Item 8 of this Annual Report on Form 10-K.

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

[removed: There] [added: Other than as disclosed in Note 10, there] is no pending or threatened legal proceeding to which we are a party that, in our opinion, is likely to have a material adverse effect on our business and our consolidated financial statements; however, the results of [removed: litigation] [added: legal proceedings] and claims are inherently unpredictable.

[Table [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

For the fiscal year ended January 31, [removed: 2024][added: 2025]

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: 2023] [added: 2024] (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: $38.6] [added: $53.5] billion.

As of February [removed: 29, 2024,] [added: 28, 2025,] the number of shares of the registrant’s Class A common stock outstanding was [removed: 229,383,465,] [added: 247,873,415,] and the number of shares of the registrant’s Class B common stock outstanding was [removed: 12,485,193.][added: 0.]

Portions of the registrant’s definitive Proxy Statement relating to its [removed: 2024] [added: 2025] Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K where indicated.

| [Item [removed: 1.](#i4cd7bca5d9a2416498f4c299c761bf02_16)] [added: 1.](#i5c662f2a20d24d02828ad94779fc83ab_16)] | | | [removed: [Business](#i4cd7bca5d9a2416498f4c299c761bf02_16)] [added: [Business](#i5c662f2a20d24d02828ad94779fc83ab_16)] | | | [removed: [4](#i4cd7bca5d9a2416498f4c299c761bf02_16)] [added: [4](#i5c662f2a20d24d02828ad94779fc83ab_16)] | | |

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| [Item [removed: 9B.](#i4cd7bca5d9a2416498f4c299c761bf02_154)] [added: 9B.](#i5c662f2a20d24d02828ad94779fc83ab_154)] | | | [Other [removed: Information](#i4cd7bca5d9a2416498f4c299c761bf02_154)] [added: Information](#i5c662f2a20d24d02828ad94779fc83ab_154)] | | | [removed: [114](#i4cd7bca5d9a2416498f4c299c761bf02_154)] [added: [118](#i5c662f2a20d24d02828ad94779fc83ab_154)] | | |

| [Item [removed: 9C.](#i4cd7bca5d9a2416498f4c299c761bf02_157)] [added: 9C.](#i5c662f2a20d24d02828ad94779fc83ab_160)] | | | [Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#i4cd7bca5d9a2416498f4c299c761bf02_157)] [added: Inspections](#i5c662f2a20d24d02828ad94779fc83ab_160)] | | | [removed: [114](#i4cd7bca5d9a2416498f4c299c761bf02_157)] [added: [118](#i5c662f2a20d24d02828ad94779fc83ab_160)] | | |

| [Item [removed: 10.](#i4cd7bca5d9a2416498f4c299c761bf02_163)] [added: 10.](#i5c662f2a20d24d02828ad94779fc83ab_166)] | | | [Directors, Executive Officers and Corporate [removed: Governance](#i4cd7bca5d9a2416498f4c299c761bf02_163)] [added: Governance](#i5c662f2a20d24d02828ad94779fc83ab_166)] | | | [removed: [115](#i4cd7bca5d9a2416498f4c299c761bf02_163)] [added: [118](#i5c662f2a20d24d02828ad94779fc83ab_166)] | | |

| [Item [removed: 11.](#i4cd7bca5d9a2416498f4c299c761bf02_166)] [added: 11.](#i5c662f2a20d24d02828ad94779fc83ab_169)] | | | [Executive [removed: Compensation](#i4cd7bca5d9a2416498f4c299c761bf02_166)] [added: Compensation](#i5c662f2a20d24d02828ad94779fc83ab_169)] | | | [removed: [115](#i4cd7bca5d9a2416498f4c299c761bf02_166)] [added: [119](#i5c662f2a20d24d02828ad94779fc83ab_169)] | | |

| [Item [removed: 12.](#i4cd7bca5d9a2416498f4c299c761bf02_169)] [added: 12.](#i5c662f2a20d24d02828ad94779fc83ab_172)] | | | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#i4cd7bca5d9a2416498f4c299c761bf02_169)] [added: Matters](#i5c662f2a20d24d02828ad94779fc83ab_172)] | | | [removed: [115](#i4cd7bca5d9a2416498f4c299c761bf02_169)] [added: [119](#i5c662f2a20d24d02828ad94779fc83ab_172)] | | |

| [Item [removed: 13.](#i4cd7bca5d9a2416498f4c299c761bf02_172)] [added: 13.](#i5c662f2a20d24d02828ad94779fc83ab_175)] | | | [Certain Relationships and Related Transactions and Director [removed: Independence](#i4cd7bca5d9a2416498f4c299c761bf02_172)] [added: Independence](#i5c662f2a20d24d02828ad94779fc83ab_175)] | | | [removed: [115](#i4cd7bca5d9a2416498f4c299c761bf02_172)] [added: [119](#i5c662f2a20d24d02828ad94779fc83ab_175)] | | |

| [Item [removed: 14.](#i4cd7bca5d9a2416498f4c299c761bf02_175)] [added: 14.](#i5c662f2a20d24d02828ad94779fc83ab_178)] | | | [Principal Accountant Fees and [removed: Services](#i4cd7bca5d9a2416498f4c299c761bf02_175)] [added: Services](#i5c662f2a20d24d02828ad94779fc83ab_178)] | | | [removed: [115](#i4cd7bca5d9a2416498f4c299c761bf02_175)] [added: [119](#i5c662f2a20d24d02828ad94779fc83ab_178)] | | |

| [Item [removed: 15.](#i4cd7bca5d9a2416498f4c299c761bf02_181)] [added: 15.](#i5c662f2a20d24d02828ad94779fc83ab_184)] | | | [Exhibits and Financial Statement [removed: Schedules](#i4cd7bca5d9a2416498f4c299c761bf02_181)] [added: Schedules](#i5c662f2a20d24d02828ad94779fc83ab_184)] | | | [removed: [116](#i4cd7bca5d9a2416498f4c299c761bf02_181)] [added: [119](#i5c662f2a20d24d02828ad94779fc83ab_184)] | | |

| [Item [removed: 16.](#i4cd7bca5d9a2416498f4c299c761bf02_184)] [added: 16.](#i5c662f2a20d24d02828ad94779fc83ab_187)] | | | [Form 10-K [removed: Summary](#i4cd7bca5d9a2416498f4c299c761bf02_184)] [added: Summary](#i5c662f2a20d24d02828ad94779fc83ab_187)] | | | [removed: [116](#i4cd7bca5d9a2416498f4c299c761bf02_184)] [added: [119](#i5c662f2a20d24d02828ad94779fc83ab_187)] | | |

- our ability to successfully defend litigation brought against [removed: us;][added: us and respond to government investigations and inquiries;]

- our ability to successfully close and integrate acquisitions to contribute to our growth objectives; [removed: and]

- the attraction and retention of qualified employees and key [removed: personnel.][added: personnel; and]

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

| | | | [Part I](#i5c662f2a20d24d02828ad94779fc83ab_13) | | | | | |

| [Item 1C.](#i5c662f2a20d24d02828ad94779fc83ab_25) | | | [Cybersecurity](#i5c662f2a20d24d02828ad94779fc83ab_25) | | | [57](#i5c662f2a20d24d02828ad94779fc83ab_25) | | |

| | | | [Part II](#i5c662f2a20d24d02828ad94779fc83ab_37) | | | | | |

| | | | [Part III](#i5c662f2a20d24d02828ad94779fc83ab_163) | | | | | |

| | | | [Part IV](#i5c662f2a20d24d02828ad94779fc83ab_181) | | | | | |

| | | | [Signatures](#i5c662f2a20d24d02828ad94779fc83ab_193) | | | [123](#i5c662f2a20d24d02828ad94779fc83ab_193) | | |

| | | | [Power of Attorney](#i5c662f2a20d24d02828ad94779fc83ab_196) | | | [124](#i5c662f2a20d24d02828ad94779fc83ab_196) | | |

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

- the July 19 Incident (as defined below), including potential or anticipated developments, our remediation and other efforts in connection with the incident, the outcome of lawsuits, claims and inquiries related to the incident, our customer commitment packages, and the effect on our customer and partner relationships and our business, results of operations and financial condition.

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_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 [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

In fiscal [removed: 2024,] [added: 2025,] 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.

[Table [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

[Table [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

As of January 31, [removed: 2024,] [added: 2025,] we had [removed: 37] [added: 95] holders of record of our Class A common stock and [removed: 70] [added: zero] 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: 2024] [added: 2025] Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission within 120 days of the fiscal year ended January 31, [removed: 2024.][added: 2025.]

[Table [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

We have presented below the cumulative total return to our stockholders [removed: between June 12, 2019 (the date our common stock commenced trading on] [added: for] the [removed: Nasdaq) through] [added: five years ended] January 31, [removed: 2024] [added: 2025] in comparison to the Standard & Poor’s 500 Index, Standard & Poor Information Technology Index, and the Nasdaq 100 Index.

][added: 2025_Annual_updated 2.18.25.jpg](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131_g1.jpg)]

| Company/ Index | | | | | | [removed: Base period 6/12/19] | | | | | | | | | | | | | | | | | | [removed: 1/31/20] [added: Base period 1/31/20] | | | | | | | | | | | | | | | | | | | | | | | | 1/31/21 | | | | | | | | | | | | | | | | | | | | | | | | 1/31/22 | | | | | | | | | | | | | | | | | | | | | | | | 1/31/23 | | | | | | 1/31/24 | | | [added: | | | 1/31/25 | | |]

On December 11, 2024, all of our outstanding shares of Class B common stock automatically converted into an equal number of shares of Class A common stock pursuant to the provisions of the Amended and Restated Certificate of Incorporation.

On November 20, 2024, we issued approximately $22.8 million of shares of our Class A common stock, subject to service-based vesting and other conditions, to certain stockholders of Adaptive Shield in connection with our acquisition of Adaptive Shield.

The transaction was exempt from registration under Section 4(a)(2) of the Securities Act.

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

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| CrowdStrike Holdings, Inc. | | | | | | | | | | | | | | | | | | | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 353.25 | | | | | | | | | | | | | | | | | | | | | | | $ | 295.69 | | | | | | | | | | | | | | | | | | | | | | | $ | 173.35 | | | | | $ | 478.80 | | | | | $ | 651.61 | |

| S&P 500 | | | | | | | | | | | | | | | | | | | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 117.25 | | | | | | | | | | | | | | | | | | | | | | | $ | 144.56 | | | | | | | | | | | | | | | | | | | | | | | $ | 132.68 | | | | | $ | 160.30 | | | | | $ | 202.59 | |

| S&P Information Technology | | | | | | | | | | | | | | | | | | | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 137.13 | | | | | | | | | | | | | | | | | | | | | | | $ | 173.37 | | | | | | | | | | | | | | | | | | | | | | | $ | 146.16 | | | | | $ | 219.37 | | | | | $ | 279.92 | |

| Nasdaq 100 | | | | | | | | | | | | | | | | | | | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 145.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 168.64 | | | | | | | | | | | | | | | | | | | | | | | $ | 137.90 | | | | | $ | 196.96 | | | | | $ | 248.82 | |

None.

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

| CrowdStrike Holdings, Inc. | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | $ | 105.33 | | | | | | | | | | | | | | | | | | | | | | | $ | 372.07 | | | | | | | | | | | | | | | | | | | | | | | $ | 311.45 | | | | | | | | | | | | | | | | | | | | | | | $ | 182.59 | | | | | $ | 504.31 | |

| S&P 500 | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | $ | 118.69 | | | | | | | | | | | | | | | | | | | | | | | $ | 139.17 | | | | | | | | | | | | | | | | | | | | | | | $ | 171.58 | | | | | | | | | | | | | | | | | | | | | | | $ | 157.48 | | | | | $ | 190.27 | |

| S&P Information Technology | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | $ | 134.13 | | | | | | | | | | | | | | | | | | | | | | | $ | 183.94 | | | | | | | | | | | | | | | | | | | | | | | $ | 232.55 | | | | | | | | | | | | | | | | | | | | | | | $ | 196.05 | | | | | $ | 294.24 | |

| Nasdaq 100 | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | $ | 126.96 | | | | | | | | | | | | | | | | | | | | | | | $ | 184.09 | | | | | | | | | | | | | | | | | | | | | | | $ | 214.11 | | | | | | | | | | | | | | | | | | | | | | | $ | 175.08 | | | | | $ | 250.05 | |

[Table [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

| [Report of Independent Registered Public Accounting [removed: Firm](#i4cd7bca5d9a2416498f4c299c761bf02_82)] [added: Firm](#i5c662f2a20d24d02828ad94779fc83ab_85)] (PCAOB ID 238) | | | [removed: [77](#i4cd7bca5d9a2416498f4c299c761bf02_82)] [added: [78](#i5c662f2a20d24d02828ad94779fc83ab_85)] | | |

| [Consolidated Balance Sheets as of January 31, [removed: 2024] [added: 2025] and [removed: 2023](#i4cd7bca5d9a2416498f4c299c761bf02_85)] [added: 2024](#i5c662f2a20d24d02828ad94779fc83ab_88)] | | | [removed: [79](#i4cd7bca5d9a2416498f4c299c761bf02_85)] [added: [80](#i5c662f2a20d24d02828ad94779fc83ab_88)] | | |

| [Consolidated Statements of Operations for the years ended January 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022](#i4cd7bca5d9a2416498f4c299c761bf02_88)] [added: 2023](#i5c662f2a20d24d02828ad94779fc83ab_91)] | | | [removed: [80](#i4cd7bca5d9a2416498f4c299c761bf02_88)] [added: [81](#i5c662f2a20d24d02828ad94779fc83ab_91)] | | |

| [Consolidated Statements of Comprehensive Income (Loss) for the years ended January 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022](#i4cd7bca5d9a2416498f4c299c761bf02_91)] [added: 2023](#i5c662f2a20d24d02828ad94779fc83ab_94)] | | | [removed: [81](#i4cd7bca5d9a2416498f4c299c761bf02_91)] [added: [82](#i5c662f2a20d24d02828ad94779fc83ab_94)] | | |

| [Consolidated Statements of Stockholders’ Equity for the years ended January 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022](#i4cd7bca5d9a2416498f4c299c761bf02_94)] [added: 2023](#i5c662f2a20d24d02828ad94779fc83ab_97)] | | | [removed: [82](#i4cd7bca5d9a2416498f4c299c761bf02_94)] [added: [83](#i5c662f2a20d24d02828ad94779fc83ab_97)] | | |

| [Consolidated Statements of Cash Flows for the years ended January 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022](#i4cd7bca5d9a2416498f4c299c761bf02_97)] [added: 2023](#i5c662f2a20d24d02828ad94779fc83ab_100)] | | | [removed: [83](#i4cd7bca5d9a2416498f4c299c761bf02_97)] [added: [84](#i5c662f2a20d24d02828ad94779fc83ab_100)] | | |

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

[Table [removed: of](#i4cd7bca5d9a2416498f4c299c761bf02_7) [Contents](#i4cd7bca5d9a2416498f4c299c761bf02_7)][added: of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)]

We have audited the accompanying consolidated balance sheets of CrowdStrike Holdings, Inc. and its subsidiaries (the [removed: “Company”)] [added: "Company")] as of January 31, [removed: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] and the related consolidated statements of operations, of comprehensive income (loss), of stockholders’ equity and of cash flows for each of the three years in the period ended January 31, [removed: 2024,] [added: 2025,] including the related notes (collectively referred to as the [removed: “consolidated] [added: "consolidated] financial [removed: statements”).][added: statements").]

We also have audited the Company's internal control over financial reporting as of January 31, [removed: 2024,] [added: 2025,] based on criteria established in [removed: *Internal] [added: Internal] Control - Integrated [removed: Framework*] [added: 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: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] and the results of its operations and its cash flows for each of the three years in the period ended January 31, [removed: 2024] [added: 2025] 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: 2024,] [added: 2025,] based on criteria established in [removed: *Internal] [added: Internal] Control - Integrated [removed: Framework*] [added: Framework] (2013) issued by the COSO.

The [removed: Company’s] [added: Company recognized] consolidated [added: subscription] revenue [added: of $3,761.5 million] for the year ended January 31, [removed: 2024 was $3,056 million.][added: 2025.]

The principal [removed: considerations] [added: consideration] for our determination that performing procedures relating to revenue [removed: recognition, specifically the identification and evaluation of terms and conditions in contracts,] [added: recognition for subscription revenue] is a critical audit matter [removed: are the] [added: is a] high degree of auditor [removed: subjectivity and] effort in performing procedures [removed: and evaluating evidence] relating to the [removed: identification and evaluation of terms and conditions in contracts.][added: Company’s subscription revenue recognition.]

These procedures included testing the effectiveness of controls relating to the [added: subscription] revenue recognition [removed: process, including controls over the identification and evaluation of terms and conditions in contracts.][added: process.]

| | | | January [removed: 31,] [added: 31, 2025] | | | | | | | | |

| | | | [added: 2025 | | | | | |] 2024 | | | | | | 2023 | | |

| Cash and cash equivalents | | | [removed: $] [added: 4,323,295] | [added: | | | | |] 3,375,069 | | | | | [removed: $] | 2,455,369 | | [added: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |]

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

| Accounts receivable, net of allowance for credit losses of [removed: $2.2] [added: $2.8] million and [removed: $2.6] [added: $2.2] million as of January 31, [removed: 2024] [added: 2025] and January 31, [removed: 2023,] [added: 2024,] respectively | | | [removed: 853,105] [added: 1,128,564] | | | | | | [removed: 626,181] [added: 853,105] | | |

| Deferred contract acquisition costs, current | | | [removed: 246,370] [added: 347,042] | | | | | | [removed: 186,855] [added: 246,370] | | |

| Prepaid expenses and other current assets | | | [removed: 183,172] [added: 314,444] | | | | | | [removed: 121,862] [added: 183,172] | | |

| Total current assets | | | [removed: 4,757,307] [added: 6,113,345] | | | | | | [removed: 3,640,267] [added: 4,757,307] | | |

| Strategic investments | | | [removed: 56,244] [added: 72,544] | | | | | | [removed: 47,270] [added: 56,244] | | |

| Property and equipment, net | | | [removed: 620,172] [added: 788,640] | | | | | | [removed: 492,335] [added: 620,172] | | |

| Operating lease right-of-use assets | | | [removed: 48,211] [added: 42,763] | | | | | | [removed: 39,936] [added: 48,211] | | |

| Deferred contract acquisition costs, noncurrent | | | [removed: 335,933] [added: 500,908] | | | | | | [removed: 260,233] [added: 335,933] | | |

| Goodwill | | | [removed: 638,041] [added: 912,805] | | | | | | [removed: 430,645] [added: 638,041] | | |

| Intangible assets, net | | | [removed: 114,518] [added: 133,114] | | | | | | [removed: 86,889] [added: 114,518] | | |

| Other long-term assets | | | [removed: 76,094] [added: 137,459] | | | | | | [removed: 28,965] [added: 76,094] | | |

| Total assets | | | $ | [removed: 6,646,520] [added: 8,701,578] | | | | | $ | [removed: 5,026,540] [added: 6,646,520] | |

| Accounts payable | | | $ | [removed: 28,180] [added: 130,887] | | | | | $ | [removed: 45,372] [added: 28,180] | |

| Accrued expenses | | | [removed: 125,896] [added: 191,349] | | | | | | [removed: 137,884] [added: 125,896] | | |

| Accrued payroll and benefits | | | [removed: 234,624] [added: 319,243] | | | | | | [removed: 168,767] [added: 234,624] | | |

| Operating lease liabilities, current | | | [removed: 14,150] [added: 13,811] | | | | | | [removed: 13,046] [added: 14,150] | | |

| Deferred revenue | | | [removed: 2,270,757] [added: 2,733,005] | | | | | | [removed: 1,727,484] [added: 2,270,757] | | |

| Other current liabilities | | | [removed: 23,672] [added: 72,755] | | | | | | [removed: 16,519] [added: 23,672] | | |

| Total current liabilities | | | [removed: 2,697,279] [added: 3,461,050] | | | | | | [removed: 2,109,072] [added: 2,697,279] | | |

| Long-term debt | | | [removed: 742,494] [added: 743,983] | | | | | | [removed: 741,005] [added: 742,494] | | |

| Deferred revenue, noncurrent | | | [removed: 783,342] [added: 995,672] | | | | | | [removed: 627,629] [added: 783,342] | | |

| [Notes to Consolidated Financial Statements](#i5c662f2a20d24d02828ad94779fc83ab_103) | | | [85](#i5c662f2a20d24d02828ad94779fc83ab_103) | | |

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

*Revenue Recognition – Subscription Revenue*

As described in Note 1 to the consolidated financial statements, subscription revenues are primarily comprised of fees that give customers access to the ordered service, related support and updates, if any, during the subscription term.

These procedures also included, among others (i) testing subscription revenue recognized for a sample of revenue transactions by obtaining and inspecting source documents, such as agreements, evidence of delivery of the service, invoices, and receipt of payment and (ii) confirming a sample of outstanding customer invoice balances as of January 31, 2025 and, for confirmations not returned, obtaining and inspecting source documents, such as agreements, evidence of delivery of the service, invoices, and subsequent receipt of payment.

March 10, 2025

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

| | | | 2025 | | | | | | 2024 | | |

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

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

| Issuance of common stock for payment of board of director fees | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | 348 | | | | | | — | | | | | | — | | | | | | — | | | | | | 348 | | |

| Stock-based compensation expense, net of founder revest | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | 857,129 | | | | | | — | | | | | | — | | | | | | — | | | | | | 857,129 | | |

| Net income (loss) | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | (19,271) | | | | | | — | | | | | | 2,675 | | | | | | (16,596) | | |

| Balances at January 31, 2025 | | | | | | | | | | | | | | | | | | 247,872 | | | | | | $ | 124 | | | | | $ | 4,367,070 | | | | | $ | (1,078,107) | | | | | $ | (9,593) | | | | | $ | 39,423 | | | | | $ | 3,318,917 | |

[Table of](#i5c662f2a20d24d02828ad94779fc83ab_7) [Contents](#i5c662f2a20d24d02828ad94779fc83ab_7)

| Proceeds from the sale of deferred compensation investments | | | 106 | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Distributions to non-controlling interest holders | | | (4,891) | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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

| Noncash consideration for the purchase of strategic investments | | | $ | 3,319 | | | | | $ | — | | | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Noncash consideration received from sales of strategic investments | | | $ | 3,319 | | | | | $ | — | | | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

There were two end users who represented 10% or more of the Company’s financing receivables as of January 31, 2025 representing 41% and 37%, respectively.

Financing Receivables

The Company provides financing arrangements for certain qualified end-users to purchase its products and services.

Payment terms on these financing arrangements are generally up to five years.

Financing receivables are recorded at amortized cost, which approximates fair value.

Financing receivables, with contractual maturities of one year or less, are included in prepaid expenses and other current assets, while those with contractual terms exceeding one year are included in other long-term assets on the consolidated balance sheets.

The Company evaluates the allowance for credit losses by assessing the risks and losses inherent in the financing receivables on either an individual or a collective basis.

The Company's assessment considers various factors, including lifetime expected losses determined using customer risk profile, current economic conditions that may affect a customer's ability to pay, and forward-looking economic considerations.

Financing receivables deemed uncollectible are charged against the allowance for credit losses.

The allowance for credit losses on off-balance sheet credit exposure is estimated at each reporting period based on the contractual period over which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company.

The portion of the allowance for credit losses related to future disbursements is shown as a liability on the consolidated balance sheets, and the related expense for credit losses is reflected in the consolidated statements of operations.

No impairment indicators were identified by the Company, and no impairment losses were recorded by the Company during the fiscal years ended January 31, 2025, January 31, 2024, and January 31, 2023.

Subscription revenues are primarily comprised of fees that give customers access to the ordered service, related support, and updates, if any, during the subscription term.

The Company initially records the subscription fees as deferred revenue and recognizes revenue on a straight-line basis over the term of the agreement.

On December 11, 2024, all of the Company’s outstanding shares of Class B common stock were automatically converted into an equal number of shares of Class A common stock pursuant to the provisions of the Amended and Restated Certificate of Incorporation.

The Company adopted this guidance during the year ended January 31, 2025.

See Note 14, Segment Information for further details.

In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures.

| | | | | | |

*Revenue Recognition – Identification and Evaluation for Terms and Conditions in Contracts*

As described in Note 1 to the consolidated financial statements, the Company generates its revenue from contracts with customers for subscriptions and professional services.

Management considers the terms and conditions of contracts with customers and the Company’s customary business practices in identifying contracts.

Management determines the Company has a contract with a customer when the contract is approved, each party’s rights regarding the services to be transferred can be identified, payment terms for the services can be identified, it has been determined that the customer has the ability and intent to pay, and the contract has commercial substance.

Revenue is recognized when control of the promised services is transferred to the customer, in an amount that reflects the consideration expected to be received in exchange for those services.

These procedures also included, among others, (i) testing management’s process for identifying and evaluating terms and conditions in contracts, including evaluating management’s determination of the impact of those terms and conditions on revenue recognition, and (ii) testing the completeness and accuracy of management’s identification and evaluation of terms and conditions in contracts by examining revenue transactions on a test basis.

March 6, 2024

We have served as the Company’s auditor since 2016.

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

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

| Balances at January 31, 2021 | | | | | | | | | | | | | | | | | | 223,724 | | | | | | $ | 112 | | | | | $ | 1,598,259 | | | | | $ | (730,116) | | | | | $ | 2,319 | | | | | $ | 1,300 | | | | | $ | 871,874 | |

| Stock-based compensation expense | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | 305,792 | | | | | | — | | | | | | — | | | | | | — | | | | | | 305,792 | | |

| Net income (loss) | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | (234,802) | | | | | | — | | | | | | 2,424 | | | | | | (232,378) | | |

| Payments of debt issuance costs related to revolving line of credit | | | — | | | | | | — | | | | | | (219) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Payments of debt issuance costs related to Senior Notes | | | — | | | | | | — | | | | | | (1,581) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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

The

The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer.

The CODM reviews financial information presented on a consolidated basis for the purposes of allocating resources and evaluating financial performance.

Accordingly, management has determined that the Company operates as one operating and reportable segment.

January 31, 2024 and January 31, 2023, respectively.

In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 as if it had originated the contracts.

The Company adopted this guidance on February 1, 2023, which did not have a material effect on its condensed consolidated financial statements.

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

_______________________________________

(1) $250.0 million of time deposits, which are included in short-term investments, are excluded since they are carried at cost and approximate fair value as of January 31, 2023.

(2) Cash equivalents exclude $1.6 billion of time deposits, which are carried at cost and approximate fair value as of January 31, 2023.

There were no U.S. Treasury securities as of January 31, 2023.

The following summarizes the changes in the net carrying value of strategic investments, which are Level 3, within the fair value hierarchy for the fiscal years ended January 31, 2024 and January 31, 2023 (in thousands):

| Carrying amount, beginning of period | | | $ | 47,270 | | | | | $ | 23,632 | |

| Adjustments related to non-marketable securities: | | | | | | | | | | | |

| Purchases | | | 17,177 | | | | | | 21,807 | | |

| Unrealized net gains (loss) due to changes in fair value | | | (1,459) | | | | | | 1,831 | | |

| Sales of investments | | | (6,838) | | | | | | — | | |

Cumulative unrealized gains and losses on strategic investments held as of January 31, 2024 are $9.3 million and $4.4 million, respectively.

| | | | 958,438 | | | | | | 708,614 | | |

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

| Developed technology | | | $ | 101,452 | | | | | $ | 25,866 | | | | | $ | 75,586 | | | | | 68 | | |

| Customer relationships | | | 12,032 | | | | | | 3,831 | | | | | | 8,201 | | | | | | 61 | | |

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: 2024.][added: 2025.]

Our management conducted an evaluation of the effectiveness of our internal control over financial reporting as of January 31, [removed: 2024] [added: 2025] 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: 2024.][added: 2025.]

The effectiveness of our internal control over financial reporting as of January 31, [removed: 2024] [added: 2025] 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: 2024] [added: 2025] 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 [removed: 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.

During the three months ended January 31, [removed: 2024,] [added: 2025,] certain of our [removed: officers or] directors [removed: listed below] [added: and officers (as defined in Rule 16a-1(f) under the Exchange Act)] adopted [removed: or terminated] [added: a “Rule 10b5-1] trading [removed: arrangements] [added: arrangement” (as defined in Regulation S-K Item 408)] for the sale of shares of our Class A common [removed: stock] [added: stock, as set forth below,] in amounts and prices determined in accordance with a formula set forth in each such plan:

| Name and Title | | | | | | Action | | | | | | Date | | | | | | Rule 10b5-1(1) | | | | | | Non-Rule 10b5-1(2) | | | | | | Number of Shares to be Sold | | | | | | [removed: Expiration] [added: Expiration(4)] | | |

| Shawn Henry, Chief Security Officer | | | | | | Adoption | | | | | | December [removed: 20, 2023] [added: 18, 2024] | | | | | | X | | | | | | | | | | | | Up to [removed: 119,224(3)] [added: 54,333(3)] | | | | | | Earlier of when all shares under [added: the] plan are sold and March [removed: 17, 2025] [added: 24, 2026.] | | |

[removed: (1)Intended] [added: (1) Intended] to satisfy the affirmative defense conditions of Rule 10b5-1(c).

[removed: (3)Intended] [added: (3) Intended] to permit Mr. Henry to sell (i) [removed: 50,000 shares, (ii) 29,109] [added: 21,330] shares subject to RSUs and [removed: (iii) 40,115] [added: (ii) 33,003] shares subject to PSUs.

The actual number of shares subject to PSUs that may be sold is subject to [added: the] satisfaction of the applicable performance conditions and may be equal to, greater than or less than [removed: 40,115] [added: 33,003] shares.

| Gerhard Watzinger, Chairman | | | | | | Adoption | | | | | | December 6, 2024 | | | | | | X | | | | | | | | | | | | Up to 60,500 | | | | | | Earlier of the date when all shares under the plan are sold and April 1, 2026. | | |

| Johanna Flower, Director | | | | | | Adoption | | | | | | January 16, 2025 | | | | | | X | | | | | | | | | | | | Up to 10,394 | | | | | | Earlier of when all shares under the plan are sold and April 17, 2026. | | |

(4) Each as subject to further early termination for certain specified events as set forth therein.

No other officers or directors, as defined in Rule 16a-1(f), adopted and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the last fiscal quarter.

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

| 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 | | |

| 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 | | |

The information otherwise required by this Item will be included in our definitive proxy statement for our [removed: 2024] [added: 2025] annual meeting of stockholders (the [removed: “2024] [added: “2025] Proxy Statement”), which will be filed with the SEC within 120 days after the end of our fiscal year ended January 31, [removed: 2024,] [added: 2025,] and is incorporated herein by reference.

The information required by this item is incorporated herein by reference to our [removed: 2024] [added: 2025] Proxy Statement.

The information required by this item is incorporated herein by reference to our [removed: 2024] [added: 2025] Proxy Statement.

The information required by this item is incorporated herein by reference to our [removed: 2024] [added: 2025] Proxy Statement.

The information required by this item is incorporated herein by reference to our [removed: 2024] [added: 2025] Proxy Statement.

| [removed: [3.1](http://www.sec.gov/Archives/edgar/data/1535527/000110465919035685/a19-11597_1ex3d1.htm)] [added: [3.1](https://www.sec.gov/Archives/edgar/data/1535527/000110465919035685/a19-11597_1ex3d1.htm)] | | | | | | [Amended and Restated Certificate of Incorporation of the Registrant, as currently in [removed: effect.](http://www.sec.gov/Archives/edgar/data/1535527/000110465919035685/a19-11597_1ex3d1.htm)] [added: effect.](https://www.sec.gov/Archives/edgar/data/1535527/000110465919035685/a19-11597_1ex3d1.htm)] | | | 8-K | | | 001-38933 | | | 3.1 | | | June 14, 2019 | | | | | |

| [removed: [3.2](http://www.sec.gov/Archives/edgar/data/1535527/000110465923028507/tm238330d1_ex3-2.htm)] [added: [3.2](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000026/crowdstrikeholdingsincam.htm)] | | | | | | [Amended and Restated Bylaws of the Registrant, as currently in [removed: effect.](http://www.sec.gov/Archives/edgar/data/1535527/000110465923028507/tm238330d1_ex3-2.htm)] [added: effect.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000026/crowdstrikeholdingsincam.htm)] | | | [removed: 8-K] [added: 10-Q] | | | 001-38933 | | | 3.2 | | | [removed: March 3, 2023] [added: November 27, 2024] | | | | | |

| [removed: [4.1](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-4_1.htm)] [added: [4.1](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-4_1.htm)] | | | | | | [Amended and Restated Stockholders Agreement among the Registrant and certain holders of its capital stock, dated as of June 21, 2018, as amended on September 25, 2018 and April 17, [removed: 2019.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-4_1.htm)] [added: 2019.](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-4_1.htm)] | | | S-1 | | | 333-231461 | | | 4.1 | | | May 14, 2019 | | | | | |

| [removed: [4.2](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-4_2.htm)] [added: [4.2](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-4_2.htm)] | | | | | | [Amended and Restated Registration Rights Agreement among the Registrant and certain holders of its capital stock, dated as of June 21, [removed: 2018.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-4_2.htm)] [added: 2018.](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-4_2.htm)] | | | S-1 | | | 333-231461 | | | 4.2 | | | May 14, 2019 | | | | | |

| [removed: [4.3](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-4_3.htm)] [added: [4.3](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-4_3.htm)] | | | | | | [Class A common stock certificate of the [removed: Registrant.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-4_3.htm)] [added: Registrant.](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-4_3.htm)] | | | S-1/A | | | 333-231461 | | | 4.3 | | | May 29, 2019 | | | | | |

| [removed: [4.4](http://www.sec.gov/Archives/edgar/data/1535527/000153552720000006/crwdex44-descriptionof.htm)] [added: [4.4](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-10xk_exx44description.htm)] | | | | | | [Description of Registrant’s [removed: securities.](http://www.sec.gov/Archives/edgar/data/1535527/000153552720000006/crwdex44-descriptionof.htm)] [added: securities.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-10xk_exx44description.htm)] | | | [removed: 10-K] | | | [removed: 001-38933] | | | [removed: 4.4] | | | [removed: March 23, 2020] | | | [added: X] | | |

| [removed: [4.5](http://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-1.htm)] [added: [4.5](https://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-1.htm)] | | | | | | [Indenture dated as of January 20, 2021, between CrowdStrike Holdings, Inc. and U.S. Bank National Association, as [removed: trustee](http://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-1.htm)] [added: trustee](https://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-1.htm)] | | | 8-K | | | 001-38933 | | | 4.1 | | | January 20, 2021 | | | | | |

| [removed: [4.6](http://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-2.htm)] [added: [4.6](https://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-2.htm)] | | | | | | [First Supplemental Indenture, dated as of January 20, 2021, between CrowdStrike Holdings, Inc. and U.S. Bank National Association, as [removed: trustee](http://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-2.htm)] [added: trustee](https://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-2.htm)] | | | 8-K | | | 001-38933 | | | 4.2 | | | January 20, 2021 | | | | | |

| [removed: [4.7](http://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-2.htm)] [added: [4.7](https://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-2.htm)] | | | | | | [Form of 3.000% Senior Notes due 2029 (included in Exhibit [removed: 4.9)](http://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-2.htm)] [added: 4.9)](https://www.sec.gov/Archives/edgar/data/1535527/000110465921005883/tm213272d1_ex4-2.htm)] | | | 8-K | | | 001-38933 | | | 4.2 | | | January 20, 2021 | | | | | |

| [removed: [10.1](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_1.htm)[†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_1.htm)] [added: [10.1](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_1.htm)[†](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_1.htm)] | | | | | | [Form of Indemnification Agreement between the Registrant and each of its directors and executive [removed: officers.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_1.htm)] [added: officers.](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_1.htm)] | | | S-1 | | | 333-231461 | | | 10.1 | | | May 14, 2019 | | | | | |

| [removed: [10.2](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-10_2.htm)[†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-10_2.htm)] [added: [10.2](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-10_2.htm)[†](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-10_2.htm)] | | | | | | [2019 Equity Incentive Plan and related form [removed: agreement.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-10_2.htm)] [added: agreement.](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003341/a2238881zex-10_2.htm)] | | | S-1/A | | | 333-231461 | | | 10.2 | | | May 29, 2019 | | | | | |

| [removed: [10.3†](http://www.sec.gov/Archives/edgar/data/1535527/000153552720000019/ex-101formofdirectoran.htm)] [added: [10.3†](https://www.sec.gov/Archives/edgar/data/1535527/000153552720000019/ex-101formofdirectoran.htm)] | | | | | | [Form of Global Restricted Stock Unit Agreement Outside Directors – Annual Grant under the Company’s 2019 Equity Incentive [removed: Plan](http://www.sec.gov/Archives/edgar/data/1535527/000153552720000019/ex-101formofdirectoran.htm)] [added: Plan](https://www.sec.gov/Archives/edgar/data/1535527/000153552720000019/ex-101formofdirectoran.htm)] | | | 10-Q | | | 001-38933 | | | 10.1 | | | September 3, 2020 | | | | | |

| [removed: [10.4†](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000007/exhibit104_crwd-directorin.htm)] [added: [10.4†](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000007/exhibit104_crwd-directorin.htm)] | | | | | | [Form of Global Restricted Stock Unit Agreement Outside Directors – Initial Grant under the Company’s 2019 Equity Incentive [removed: Plan](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000007/exhibit104_crwd-directorin.htm)] [added: Plan](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000007/exhibit104_crwd-directorin.htm)] | | | 10-K | | | 001-38933 | | | 10.4 | | | March 18, 2021 | | | | | |

| [removed: [10.5†](http://www.sec.gov/Archives/edgar/data/1535527/000153552720000012/crwd-20200430xex101.htm)] [added: [10.5†](https://www.sec.gov/Archives/edgar/data/1535527/000153552720000012/crwd-20200430xex101.htm)] | | | | | | [CrowdStrike Holdings, Inc. 2019 Equity Incentive Plan Global Performance Unit [removed: Agreement](http://www.sec.gov/Archives/edgar/data/1535527/000153552720000012/crwd-20200430xex101.htm)] [added: Agreement](https://www.sec.gov/Archives/edgar/data/1535527/000153552720000012/crwd-20200430xex101.htm)] | | | 10-Q | | | 001-38933 | | | 10.1 | | | June 3, 2020 | | | | | |

| [removed: [10.6†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_4.htm)] [added: [10.6†](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_4.htm)] | | | | | | [Amended and Restated 2011 Stock Incentive Plan and related form [removed: agreements.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_4.htm)] [added: agreements.](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_4.htm)] | | | S-1 | | | 333-231461 | | | 10.4 | | | May 14, 2019 | | | | | |

| [removed: [10.7†](http://www.sec.gov/Archives/edgar/data/0001535527/000153552721000022/crowdstrike-2019espp.htm)] [added: [10.7†](https://www.sec.gov/Archives/edgar/data/0001535527/000153552721000022/crowdstrike-2019espp.htm)] | | | | | | [Amended and Restated 2019 Employee Stock Purchase Plan and related form [removed: agreements.](http://www.sec.gov/Archives/edgar/data/0001535527/000153552721000022/crowdstrike-2019espp.htm)] [added: agreements.](https://www.sec.gov/Archives/edgar/data/0001535527/000153552721000022/crowdstrike-2019espp.htm)] | | | 10-Q | | | 001-38933 | | | 10.2 | | | September 1, 2021 | | | | | |

| [removed: [10.8†](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000014/crwd-fy24ciptcs42423.htm)] [added: [10.8†](https://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/1535527/000153552723000014/crwd-fy24ciptcs42423.htm)] [added: Plan.](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000014/crwd-fy24ciptcs42423.htm)] | | | 10-Q | | | 001-38933 | | | 10.1 | | | June 1, 2023 | | | | | |

| [removed: [10.9†](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000020/outsidedirectorcompensatio.htm)] [added: [10.9†](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000020/outsidedirectorcompensatio.htm)] | | | | | | [Outside Director Compensation Policy, as amended on June [removed: 21, 2023.](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000020/outsidedirectorcompensatio.htm)] [added: 19, 2024.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000020/outsidedirectorcompensatio.htm)] | | | 10-Q | | | 001-38933 | | | 10.1 | | | August [removed: 31, 2023] [added: 29, 2024] | | | | | |

| [removed: [10.10†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_6.htm)] [added: [10.10†](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_6.htm)] | | | | | | [Employment Agreement between the Registrant and George Kurtz, dated as of November 18, [removed: 2011.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_6.htm)] [added: 2011.](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_6.htm)] | | | S-1 | | | 333-231461 | | | 10.6 | | | May 14, 2019 | | | | | |

| [removed: [10.11†](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_8.htm)] [added: [10.11†](https://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, [removed: 2015.](http://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_8.htm)] [added: 2015.](https://www.sec.gov/Archives/edgar/data/1535527/000104746919003095/a2238800zex-10_8.htm)] | | | S-1 | | | 333-231461 | | | 10.8 | | | May 14, 2019 | | | | | |

| [removed: [10.12](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1018_crowdstrikeaustinl.htm)] [added: [10.12](https://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, [removed: 2018.](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1018_crowdstrikeaustinl.htm)] [added: 2018.](https://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1018_crowdstrikeaustinl.htm)] | | | 10-K | | | 001-38933 | | | 10.18 | | | March 16, 2022 | | | | | |

| [removed: [10.13](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1019_crowdstrikeaustin1.htm)] [added: [10.13](https://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, [removed: 2019.](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1019_crowdstrikeaustin1.htm)] [added: 2019.](https://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1019_crowdstrikeaustin1.htm)] | | | 10-K | | | 001-38933 | | | 10.19 | | | March 16, 2022 | | | | | |

| [removed: [10.14](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1020_crowdstrikexarcred.htm)] [added: [10.14](https://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 [removed: thereto.](http://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1020_crowdstrikexarcred.htm)] [added: thereto.](https://www.sec.gov/Archives/edgar/data/1535527/000153552722000006/ex-1020_crowdstrikexarcred.htm)] | | | 10-K | | | 001-38933 | | | 10.20 | | | March 16, 2022 | | | | | |

| [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 [removed: Plan.](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/gk-specialpsuawardagreemen.htm)] [added: Plan.](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/gk-specialpsuawardagreemen.htm)] | | | 10-Q | | | 001-38933 | | | 10.4 | | | September 1, 2021 | | | | | |

| [removed: [10.16†](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/crowdstrike-ceocicandsever.htm)] [added: [10.16†](https://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 [removed: Kurtz.](http://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/crowdstrike-ceocicandsever.htm)] [added: Kurtz.](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/crowdstrike-ceocicandsever.htm)] | | | 10-Q | | | 001-38933 | | | 10.3 | | | September 1, 2021 | | | | | |

| [removed: [10.17†](http://www.sec.gov/Archives/edgar/data/1535527/000110465922004504/tm222862d1_ex10-1.htm)] [added: [10.17†](https://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 [removed: Plan.](http://www.sec.gov/Archives/edgar/data/1535527/000110465922004504/tm222862d1_ex10-1.htm)] [added: Plan.](https://www.sec.gov/Archives/edgar/data/1535527/000110465922004504/tm222862d1_ex10-1.htm)] | | | 8-K | | | 001-38933 | | | 10.1 | | | January 14, 2022 | | | | | |

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

| [removed: [10.19](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm)] [added: [10.19](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, [removed: 2023](http://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm)] [added: 2023](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm)] | | | 10-K | | | 001-38933 | | | 10.26 | | | March [removed: 8,] [added: 9,] 2023 | | | | | |

| [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) | | | [added: 10-K] | | | [added: 001-38933] | | | [added: 10.20] | | | [added: March 7, 2024] | | | [removed: 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) | | | [added: 10-K] | | | [added: 001-38933] | | | [added: 10.21] | | | [added: March 7, 2024] | | | [removed: X] | | |

| [removed: [21.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx211.htm)] [added: [21.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx211.htm)] | | | | | | [List of Subsidiaries of the [removed: Registrant.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx211.htm)] [added: Registrant.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx211.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [22.1](http://www.sec.gov/Archives/edgar/data/1535527/000110465921002705/tm2039203d2_ex22-1.htm)] [added: [22.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/ex-221listofsubsidiaryguar.htm)] | | | | | | [List of Subsidiary [removed: Guarantors](http://www.sec.gov/Archives/edgar/data/1535527/000110465921002705/tm2039203d2_ex22-1.htm)] [added: Guarantors](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/ex-221listofsubsidiaryguar.htm)] | | | [removed: S-3ASR] | | | [removed: 333-252007] | | | [removed: 22.1] | | | [removed: January 11, 2021] | | | [added: X] | | |

| [removed: [23.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx231.htm)] [added: [23.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx231.htm)] | | | | | | [Consent of PricewaterhouseCoopers LLC, independent registered public accounting [removed: firm.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx231.htm)] [added: firm.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx231.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [24.1](#i4cd7bca5d9a2416498f4c299c761bf02_193)] [added: [24.1](#i5c662f2a20d24d02828ad94779fc83ab_196)] | | | | | | [Power of Attorney (reference is made to the signature page [removed: hereto).](#i4cd7bca5d9a2416498f4c299c761bf02_193)] [added: hereto).](#i5c662f2a20d24d02828ad94779fc83ab_196)] | | | | | | | | | | | | | | | X | | |

| [removed: [31.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx311.htm)] [added: [31.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx311.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/1535527/000153552724000007/crwd-20240131xexx311.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx311.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [31.2](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx312.htm)] [added: [31.2](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx312.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/1535527/000153552724000007/crwd-20240131xexx312.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx312.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [32.1*](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/crwd-20240131xexx321.htm)] [added: [32.1*](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx321.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/1535527/000153552724000007/crwd-20240131xexx321.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx321.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) | | | [added: 10-K] | | | [added: 001-38933] | | | [added: 97.1] | | | [added: March 7, 2024] | | | [removed: 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: 6, 2024.][added: 10, 2025.]

| /s/ George Kurtz | | | | | | President, Chief Executive Officer, and Director (Principal Executive Officer) | | | | | | March [removed: 6, 2024] [added: 10, 2025] | | |

| [3.3](https://www.sec.gov/Archives/edgar/data/1535527/000110465924128515/tm2430723d1_ex3-1.htm) | | | | | | [Certificate of Retirement of Class B common stock.](https://www.sec.gov/Archives/edgar/data/1535527/000110465924128515/tm2430723d1_ex3-1.htm) | | | 8-K | | | 001-38933 | | | 3.1 | | | December 13, 2024 | | | | | |

| [4.8](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwdfy2510-kexhibit48.htm) | | | | | | [Second Supplemental Indenture, dated as of January 10, 2025, by and among CrowdStrike Holdings, Inc., CrowdStrike Financial Services, Inc. and U.S. Bank Trust Company, National Association, as successor to U.S. Bank National Association, as trustee](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwdfy2510-kexhibit48.htm) | | | | | | | | | | | | | | | X | | |

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

| [10.22†](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000013/sentonas_michaelx-xusxof.htm) | | | | | | [Offer Letter between CrowdStrike, Inc. and Michael Sentonas, dated as of March 22, 2021.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000013/sentonas_michaelx-xusxof.htm) | | | 10-Q | | | 001-38933 | | | 10.1 | | | June 5, 2024 | | | | | |

| [19.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/exhibit191final.htm) | | | | | | [Insider Trading Policy](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/exhibit191final.htm) | | | | | | | | | | | | | | | X | | |

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