CrowdStrike Holdings (CRWD) 10-K risk factor changes: FY2026 vs FY2024

We have incurred, and expect to continue to incur, significant costs and expenses related to the [removed: 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.

Certain of our competitors have aggressively approached our current and prospective customers and partners to attempt to capitalize on the [removed: incident,] [added: July 19 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 [added: customers, including subscription period extensions, discounts or promotional modules.]

[removed: If we are unable to regain the trust of our current and prospective customers and partners, or if] [added: Additional] negative media coverage and [removed: publicity continues,] [added: publicity, whether directly or indirectly related to the July 19 Incident, may harm] our reputation and brand [removed: may suffer] further, exacerbating the effects discussed herein.

We experienced net losses of [removed: $19.3] [added: $162.5] million and [removed: $183.2] [added: $15.2] million for fiscal [removed: 2025] [added: 2026] and [removed: 2023,] [added: 2025,] respectively, and net income of [removed: $89.3] [added: $72.2] million for fiscal 2024.

As of January 31, [removed: 2025,] [added: 2026,] we had an accumulated deficit of [removed: $1.1] [added: $1.3] billion.

We also expect our operating expenses to increase in the future as we continue to invest for our future growth, which will negatively affect our results of operations if our total [removed: revenue does not increase.]

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

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

In addition, uncertain economic [removed: conditions] [added: or geopolitical conditions, including in connection with changes in trade policies and tariffs,] may lead to additional scrutiny of budgets by current and prospective customers, which has resulted in, for example, longer sales cycles for products and services, and may result in shifting demand for IT products and services, and slower adoption of new technologies.

We have also experienced, and [removed: expect to] [added: may] continue to experience, longer sales cycles in connection with the July 19 Incident.

[added: We] 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.

Conditions in our market [removed: could change] [added: are changing] rapidly and significantly as a result of technological advancements, including with respect to AI.

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

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

Since our business is focused on providing reliable security services to our customers, we believe that an actual or perceived security incident affecting our internal systems or data [removed: or data of our customers would be especially detrimental to our reputation, customer confidence in our solution, and our business.]

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

We derived approximately [removed: 32%,] [added: 33%,] 32%, and [removed: 30%] [added: 32%] of our total revenue from our international customers for fiscal [removed: 2025,] [added: 2026,] fiscal [removed: 2024,] [added: 2025,] and fiscal [removed: 2023,] [added: 2024,] respectively.

- greater risk of unexpected [removed: changes] [added: changes, or threat of changes,] in regulatory practices, tariffs, and tax laws and [removed: treaties;][added: treaties or the application thereof;]

- unexpected costs for the localization of our services, including translation into foreign languages and adaptation for local practices and regulatory requirements (including, but not limited to data localization [removed: requirements);][added: requirements, digital sovereignty requirements and other restrictions, such as those emerging in the EU);]

- government certification, software supply chain, [removed: or] [added: and] source code transparency requirements applicable to us or our products are constantly evolving and, in doing so, restrict our ability to sell to certain government customers until we have attained the new or revised certification or meet other applicable requirements, which we are not guaranteed to do.

For example, although we are currently certified under the U.S. Federal Risk and Authorization Management Program, or FedRAMP, such certification is costly to maintain and if we lose our [removed: certification] [added: certification,] it would restrict our ability to sell to government customers;

In order to meet the performance and other requirements of our customers, we intend to continue to make significant investments to increase capacity and to develop and implement new [removed: technologies] [added: technologies, including those involving AI,] in our service and cloud infrastructure operations.

We rely on external ecosystems, such as operating [removed: systems,] [added: systems and platforms,] to operate and [removed: make] [added: make, in various layers of technology stacks,] our products and services available to customers.

We expect that the combination of our existing cash and cash [removed: equivalents,] [added: equivalents and] cash flows from [removed: operations, and our revolving facility] [added: operations] will be sufficient to meet our anticipated cash needs for working capital and capital expenditures for at least the next 12 months.

The technology industry has experienced widespread component shortages and delivery delays, including as a result of geopolitical [removed: tensions,] [added: tensions (including actual or threatened changes in tariffs and trade restrictions),] public health crises and natural disasters.

The United States Congress also has considered, [removed: is currently considering,] and [removed: may] in the future [added: will likely] consider, [removed: various] proposals [added: from time to time] for comprehensive federal data privacy and security legislation, to which we may become subject if passed.

[removed: While these developments increase uncertainty with regard] [added: Implementing mechanisms] to [removed: data protection regulation in the U.K., even in their current, substantially similar form,] [added: endeavor to ensure compliance with] the GDPR and [added: the] U.K. GDPR [removed: can] [added: may be onerous and] expose businesses to divergent parallel regimes that may be subject to potentially different interpretations and enforcement actions for certain violations and related uncertainty.

Legal developments in the [removed: European Economic Area (“EEA”)] [added: EEA] have created complexity and uncertainty regarding processing and transfers of personal data from the EEA to the United States and other so-called third countries outside the EEA, including in the context of website cookies.

Moreover, although the U.K. currently has an adequacy decision from the European Commission, such that SCCs are not required for the transfer of personal data from the EEA to the U.K., that decision will sunset in [removed: June 2025] [added: December 2031] unless extended [added: or renewed] and it may be revoked in the future by the European Commission if the U.K. data protection regime is reformed in ways that deviate substantially from the GDPR.

The EU has also [removed: proposed] [added: enacted] legislation that would regulate non-personal data and establish new cybersecurity standards, and other countries, including the U.K., may similarly do so in the future.

If we are [removed: otherwise] unable to transfer data, including personal data, between and among countries and regions in which we operate, [added: or are otherwise required to modify our practices, including our data privacy and security controls and procedures,] it could affect the manner in which we provide our services, the geographical location or segregation of our relevant systems and operations, and could adversely affect our financial results.

While we have implemented new controls and procedures designed to comply with the requirements of the GDPR, U.K. GDPR and the data privacy and security laws of other [removed: jurisdictions in which we operate, such procedures and controls may not be effective in ensuring compliance or preventing unauthorized transfers of personal data.]

Moreover, while we strive to publish and prominently display privacy policies that are accurate, comprehensive, and compliant with applicable laws, [removed: rules] [added: rules,] regulations and industry standards, we cannot ensure that our privacy policies and other statements regarding our practices will be sufficient to protect us from claims, proceedings, liability or adverse publicity relating to data privacy and security.

Increased scrutiny may also lead to new laws and regulations, or new applications of existing laws and regulations, that target topics such as AI, critical infrastructure software [removed: resiliency] [added: resiliency, digital sovereignty requirements] and concentration risk.

For example, generative AI has been known to produce [removed: a] false or “hallucinatory” interferences or [removed: output,] [added: outputs,] and certain generative AI uses machine learning and predictive analytics, which may be flawed, insufficient, of poor quality, reflect unwanted forms of bias, or contain other errors or inadequacies, any of which may not be easily detectable.

Further, the use of AI presents emerging [removed: ethical] [added: ethical, social, legal] and [removed: social] [added: other] issues, and if we enable or offer solutions that draw scrutiny or controversy due to [removed: their] perceived or actual [removed: impact] [added: risks or impacts] on customers or on society as a whole, we may experience brand or reputational harm, competitive harm, [added: delays in customer purchasing decisions] and/or legal liability.

The technologies underlying AI and its uses are subject to a variety of laws and regulations, including intellectual property, privacy, data [removed: protection,] [added: protection] cybersecurity, consumer protection, competition, and equal opportunity laws and regulations, and are expected to be subject to new laws and regulations or new applications of existing laws and regulations.

As of February 28, [removed: 2025,] [added: 2026,] we had [removed: 247,873,415] [added: 253,614,090] shares of [added: Class A] common stock outstanding.

As a result of the July 19 Incident, certain of our existing or prospective customers have deferred or decided against purchases of our products and services and terminated or chosen not to renew their contracts with us, and others may take similar actions in the future.

revenue does not increase.

current and prospective customers to delay or cut their overall security and IT operations spending, and such delays or cuts may fall disproportionately on cloud-based security solutions like ours.

to certain AI technologies, and achieve higher market acceptance of their AI solutions.

information and other customer data being accessible such as to attackers or to other customers.

or data of our customers would be especially detrimental to our reputation, customer confidence in our solution, and our business.

In addition, the Strategic Plan (as defined in the notes to our consolidated financial statements) could negatively affect our ability to recruit and retain skilled personnel.

Such risks may become more pronounced as we continue to scale our business.

We may also experience component shortages and pricing increases from certain of our suppliers as a result of increased demand for such components.

While the GDPR and U.K. GDPR remain substantially similar for the time being, the U.K. government has adopted reforms to its data protection legal framework in its Data Use and Access Act 2025, which became law on June 19, 2025 (phasing in between June 2025 and June 2026) and will introduce significant changes from the GDPR.

This may lead to additional compliance costs and could increase overall risk exposure as businesses may no longer be able to take a unified approach across the European Economic Area (“EEA”) and the U.K., and such businesses may need to amend their processes and procedures to align with the new framework.

In particular, the EU’s Digital Services Act and the EU’s Data Act both entered into force in 2024 and impose certain content moderation, notice and transparency obligations on digital platforms and intermediaries and certain data and cloud service interoperability and switching obligations to enable users to switch between cloud service providers (as well as certain requirements concerning cross-border international transfers of non-personal data outside the EEA), respectively.

Additionally, the EU’s Network and Information Security Directive II, adopted in 2023, regulates resilience and incident response capabilities of entities operating in a number of sectors, including the digital infrastructure sector and provides for EU member states to have issued implementing legislation by October 2024.

Further, the EU’s Digital Operational Resiliency Act became effective in January 2025 and imposes certain requirements on entities in the financial sector and their third-party cloud service providers related to managing and mitigating information and communication technology risk.

jurisdictions in which we operate, such procedures and controls may not be effective in ensuring compliance or preventing unauthorized transfers of personal data.

Our efforts to comply with applicable laws and regulations may increase operating costs, which could adversely affect our business and operations.

Our continued incorporation of AI, including generative AI, into our products and operations requires us to expend significant resources.

If such investments do not deliver anticipated benefits or are not otherwise successful, our business and results of operations may be harmed.

For example, in the EU, the first set of provisions under the EU’s AI Act became effective in February 2025, with additional provisions becoming effective on later dates.

Other states, including Texas, Colorado and Utah, have also enacted AI-related laws, and several more have proposed enacting such laws.

- the amounts or frequency of stock repurchases;

Our share repurchase program may not result in benefits to stockholder value.

In June 2025, we announced that our board of directors authorized a program under which we are authorized to repurchase up to $1.0 billion of our outstanding shares of common stock (the “Share Repurchase Program”).

Such repurchases may be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions and trading plans intended to qualify under Rule 10b5-1 under the Exchange Act.

The Share Repurchase Program does not have a fixed expiration date and may be suspended or discontinued at any time.

We are not obligated to use the Share Repurchase Program to acquire any specific amount of common stock.

We intend to use the Share Repurchase Program opportunistically depending on market prices and other factors.

The timing and amount of any repurchases will be subject to liquidity, market and economic conditions, any applicable restrictions under future credit facilities, compliance with applicable legal requirements, and other relevant factors.

Repurchases of shares of our common stock under the Share Repurchase Program will reduce the amount of cash we have available to fund working capital, repay debt, make capital expenditures and strategic acquisitions or pursue business opportunities, and for other general corporate purposes.

The Share Repurchase Program may not enhance long-term stockholder value because the market price of our common stock may decline below the levels at which we repurchased shares and short-term stock price fluctuations could reduce the effectiveness of this program.

- increasing our cost of borrowing.

Such a default could result in material adverse consequences that negatively impact our business, the market price for our common stock, and our ability to obtain financing in the future.

complete could be viewed negatively by our end-customers or investors.

If such a disagreement were to occur, and our position was not

On July 4, 2025, tax reform legislation included in the One Big Beautiful Bill Act (the “OBBBA”) was enacted in the United States.

The tax effects of the OBBBA have been accounted for in the second quarter of the fiscal year 2026.

The OBBBA includes significant corporate tax reforms, including (i) the permanent reinstatement of deducting domestic research and development expenditures as incurred beginning in fiscal 2026 (under prior law such expenditures were capitalized and amortized over five years); (ii) the option to claim 100% accelerated depreciation deductions on qualified property; and (iii) international tax provisions modifying global intangible low-taxed income (“GILTI”), foreign-derived intangible income (“FDII”), and base erosion and anti-abuse tax (“BEAT”).

The European Union and other countries (including those in which we operate) have enacted or committed to enact Pillar Two into their domestic laws, which may adversely impact our provision for income taxes, existing tax incentives, net income and cash flows.

On January 20, 2025, the Trump Administration issued an executive order declaring the Inclusive Framework has no force or effect in the U.S. absent congressional action, and directing the U.S. Department of Treasury to: (i) investigate whether any non-U.S. countries are not in compliance with any U.S. tax treaty or have implemented or are likely to implement tax rules that are extraterritorial or disproportionately affect U.S. companies, which may include actions or taxes imposed under Pillar One or Pillar Two, and (ii) develop options for “protective measures” in response to any such noncompliance or tax rules.

On June 28, 2025, the United States and the rest of G7 countries announced a Side by Side (“SbS”) agreement that would, in principle, exclude U.S. parented groups from certain taxes under Pillar Two and address certain risks of base erosion and profit shifting, with the OECD publishing Administrative Guidance with respect to this on January 5, 2026.

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

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.

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.

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

For example, our headcount grew from 7,273 employees as of January 31, 2023, to 10,118 employees as of January 31, 2025.

We cannot assure you that these investments will result in substantial increases in our total revenue or improvements in our results of operations.

We

until after some of our customers are affected.

While the GDPR and U.K. GDPR remain substantially similar for the time being, the U.K. government has announced plans and introduced legislative proposals to chart its own path on data protection and reform its relevant laws, including in ways that may differ from the GDPR.

For example, in Europe, the EU’s AI Act was published in the Official Journal of the EU on July 12, 2024 and entered into force on August 1, 2024.

- exposing us to the risk of increased interest rates as certain of our borrowings, including borrowings under our revolving facility, are at variable rates of interest; and increasing our cost of borrowing.

Further, our credit agreement contains provisions that restrict our ability to dispose of assets and use the proceeds from any such disposition.

We may not be able to consummate those dispositions or to obtain the proceeds that we could realize from them and these proceeds may not be adequate to meet any debt service obligations then due.

These alternative measures may not be successful and may not permit us to meet our scheduled debt service obligations.

In addition, the restrictive covenants in the credit agreement governing our revolving facility require us to maintain specified financial ratios and satisfy other financial condition tests.

Our ability to meet those financial ratios and tests can be affected by events beyond our control, and we may not be able to meet them.

These restrictive covenants could adversely affect our ability to:

- finance our operations;

- make needed capital expenditures;

- make strategic acquisitions or investments or enter into joint ventures;

- withstand a future downturn in our business, the industry or the economy in general;

- engage in business activities, including future opportunities, that may be in our best interest; and

- plan for or react to market conditions or otherwise execute our business strategies.

These restrictions may affect our ability to expand our business, which could have a material adverse effect on our business, financial condition and results of operations.

Our revolving facility and the indenture that governs our Senior Notes contain cross-default provisions that could result in the acceleration of all of our indebtedness.

A breach of the covenants under our revolving facility or the indenture that governs our Senior Notes could result in an event of default under the applicable indebtedness.

Such a default may allow the creditors to accelerate the related indebtedness and may result in the acceleration of any other indebtedness to which a cross-acceleration or cross-default provision applies.

In addition, an event of default under the credit agreement governing our revolving facility would permit the lenders under our revolving facility to terminate all commitments to extend further credit under that facility.

Furthermore, if we were unable to repay amounts due and payable under our revolving facility, those lenders could proceed against the collateral granted to them to secure that indebtedness.

In the event our lenders or noteholders accelerate the repayment of our borrowings, we and our guarantors may not have sufficient assets to repay that indebtedness.

Additionally, we may not be able to borrow money from other lenders to enable us to refinance our indebtedness.

such acquisitions could result in dilution to our stockholders.

rates and higher than anticipated earnings in jurisdictions where we have higher statutory rates, (iii) changes in foreign currency exchange rates, or (iv) changes in the valuation of our deferred tax assets and liabilities.

The timetable for implementation has since been extended to 2024 and, with respect to certain components of the plan, to 2025.

While substantial work remains to be completed by the OECD and national governments on the implementation of these proposals, future tax reform resulting from these developments may result in changes to long-standing tax principles, which could adversely affect our effective tax rate or result in higher cash tax liabilities.

In addition, under Sections 382 and 383 of the Internal Revenue Code, if a corporation undergoes an “ownership change,” generally defined as a greater than 50% change (by value) in ownership by “5 percent shareholders” over a rolling three-year period, the corporation’s ability to use its pre-change net operating loss carryovers and other pre-change tax attributes, such as R&D credits, to offset its post-change income or taxes may be limited.

We may experience ownership changes in the future as a result of shifts in our stock ownership.

This section of this Form 10-K generally discusses fiscal [removed: 2025] [added: 2026] and [removed: 2024] [added: 2025] items and year-over-year comparisons between fiscal [removed: 2025] [added: 2026] and [removed: 2024.][added: 2025.]

Discussions of fiscal [removed: 2023] [added: 2024] items and year-over-year comparisons between fiscal [removed: 2024] [added: 2025] and [removed: 2023] [added: 2024] 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: 2024.][added: 2025.]

Our fiscal years ended January 31, [removed: 2025,] [added: 2026,] January 31, [removed: 2024,] [added: 2025,] and January 31, [removed: 2023,] [added: 2024,] are referred to herein as fiscal [removed: 2025,] [added: 2026,] fiscal [removed: 2024,] [added: 2025,] and fiscal [removed: 2023,] [added: 2024,] respectively.*

Founded in 2011, [removed: CrowdStrike] [added: we] reinvented cybersecurity for the cloud 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 platform – the first, true cloud-native unified platform built with [removed: AI] [added: artificial intelligence (“AI”)] at the core, capable of harnessing vast amounts of security and enterprise data to deliver highly modular solutions through a single lightweight [removed: agent.][added: sensor.]

Furthermore, we expect our general and administrative expenses to increase in dollar amount for the foreseeable future given the additional expenses for accounting, compliance, and investor relations as we [removed: grow as a public company.][added: grow.]

[removed: We expect sales] [added: Sales] cycles [removed: to continue to] [added: may] be elongated in future periods.

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

| | | | [removed: 2025] [added: 2026] | | | | | | [removed: 2024] [added: 2025] | | | | | | [added: 2024] | | |

| Annual recurring revenue | | | $ | [removed: 4,241,838] [added: 5,252,751] | | | | | $ | [removed: 3,435,150] [added: 4,241,838] | | | | | | | |

| Year-over-year growth | | | [removed: 23] [added: 24] | | % | | | | [removed: 34] [added: 23] | | % | | | | | | |

ARR increased [removed: 34%] [added: 24%] year-over-year and grew to [removed: $3.4] [added: $5.3] billion as of January 31, [removed: 2024,] [added: 2026,] of which [removed: $875.5 million] [added: $1.0 billion] was net new ARR added during fiscal [removed: 2024.][added: 2026.]

| Dollar-based net retention rate | | | [removed: 112] [added: 115] | | % | | | | [removed: 119] [added: 112] | | % | | | | | | |

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

We expect to incur significant legal and professional services and other expenses associated with the July 19 Incident [added: and related matters] in future periods.

*Interest Expense.* Interest expense consists primarily of amortization of debt issuance costs, contractual interest expense for our Senior Notes issued in January 2021, and amortization of debt issuance costs on our [removed: secured] revolving [removed: credit facility (“Revolving Facility”).][added: facility, which expired in January 2026.]

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

*Other [removed: Income,] [added: Income (Expense),] Net.* Other [removed: income,] [added: income (expense),] net consists primarily of gains and losses on strategic investments and foreign currency transaction gains and losses.

| | | | [removed: 2025] [added: 2026] | | | | | | [removed: 2024] [added: 2025] | | | | | | [removed: 2023] [added: 2024] | | |

| Subscription | | | $ | [removed: 3,761,480] [added: 4,564,683] | | | | | $ | [removed: 2,870,557] [added: 3,761,480] | | | | | $ | [removed: 2,111,660] [added: 2,870,557] | |

| Professional services | | | [removed: 192,144] [added: 247,322] | | | | | | [removed: 184,998] [added: 192,144] | | | | | | [removed: 129,576] [added: 184,998] | | |

| Total revenue | | | [removed: 3,953,624] [added: 4,812,005] | | | | | | [removed: 3,055,555] [added: 3,953,624] | | | | | | [removed: 2,241,236] [added: 3,055,555] | | |

| Interest expense | | | [removed: (26,311)] [added: (28,021)] | | | | | | [removed: (25,756)] [added: (26,311)] | | | | | | [removed: (25,319)] [added: (25,756)] | | |

| Interest income | | | [removed: 196,174] [added: 194,969] | | | | | | [removed: 148,930] [added: 196,174] | | | | | | [removed: 52,495] [added: 148,930] | | |

| Other [removed: income,] [added: income (expense),] net | | | [removed: 5,101] [added: (645)] | | | | | | [removed: 1,638] [added: 5,101] | | | | | | [removed: 3,053] [added: 1,638] | | |

| Income (loss) before provision for income taxes | | | [removed: 54,534] [added: (3)] | | [added: %] | | | | [removed: 122,817] [added: 1] | | [added: %] | | | | [removed: (159,883)] [added: 3] | | [added: %] |

| Provision for income taxes | | | [removed: 71,130] [added: 34,176] | | | | | | [removed: 32,232] [added: 71,130] | | | | | | [removed: 22,402] [added: 32,232] | | |

| Net income (loss) | | | [removed: (16,596)] [added: (3)] | | [added: %] | | | | [removed: 90,585] [added: —] | | [added: %] | | | | [removed: (182,285)] [added: 2] | | [added: %] |

| Net income attributable to non-controlling interest | | | [removed: 2,675] [added: 1,337] | | | | | | [removed: 1,258] [added: 2,675] | | | | | | [removed: 960] [added: 1,258] | | |

| Net income (loss) attributable to CrowdStrike | | | [removed: $] [added: (3)] | [removed: (19,271)] | [added: %] | | | | [removed: $] [added: —] | [removed: 89,327] | [added: %] | | | | [removed: $] [added: 2] | [removed: (183,245)] | [added: %] |

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

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

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

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

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

| Sales and marketing | | | [removed: 39] [added: 38] | | % | | | | [removed: 37] [added: 39] | | % | | | | [removed: 40] [added: 37] | | % |

| Research and development | | | [removed: 27] [added: 29] | | % | | | | [removed: 25] [added: 27] | | % | | | | [removed: 27] [added: 26] | | % |

| General and administrative | | | [removed: 12] [added: 14] | | % | | | | [removed: 13] [added: 12] | | % | | | | [removed: 14] [added: 13] | | % |

| Total operating expenses | | | [removed: 78] [added: 81] | | % | | | | [removed: 75] [added: 78] | | % | | | | [removed: 82] [added: 76] | | % |

| Loss from operations | | | [removed: (3)] [added: (6)] | | % | | | | [removed: —] [added: (3)] | | % | | | | [removed: (8)] [added: (1)] | | % |

As discussed in Note 1 and Note 16 to the Consolidated Financial Statements included in this report, the Company revised its fiscal 2025 and 2024 financial results to correct for an immaterial error discovered during the fourth quarter of fiscal 2026.

The revisions are intended to ensure comparability across all periods reflected herein.

| | | | 2026 | | | | | | 2025 | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | | | |

employee bonuses, sales commissions, and employer payroll tax.

| Subscription | | | 1,015,915 | | | | | | 834,578 | | | | | | 632,743 | | |

| Professional services | | | 203,014 | | | | | | 155,594 | | | | | | 126,186 | | |

| Total cost of revenue | | | 1,218,929 | | | | | | 990,172 | | | | | | 758,929 | | |

| Gross profit | | | 3,593,076 | | | | | | 2,963,452 | | | | | | 2,296,626 | | |

| Sales and marketing | | | 1,831,254 | | | | | | 1,523,001 | | | | | | 1,140,275 | | |

| Research and development | | | 1,384,770 | | | | | | 1,075,587 | | | | | | 780,319 | | |

| General and administrative | | | 670,344 | | | | | | 481,264 | | | | | | 395,173 | | |

| Total operating expenses | | | 3,886,368 | | | | | | 3,079,852 | | | | | | 2,315,767 | | |

| Loss from operations | | | (293,292) | | | | | | (116,400) | | | | | | (19,141) | | |

| Income (loss) before provision for income taxes | | | (126,989) | | | | | | 58,564 | | | | | | 105,671 | | |

| Net income (loss) attributable to CrowdStrike | | | $ | (162,502) | | | | | $ | (15,241) | | | | | $ | 72,181 | |

| | | | Year Ended January 31, | | | | | | | | | | | | Change | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | $ | | | | | | % | | |

| Subscription | | | $ | 4,564,683 | | | | | $ | 3,761,480 | | | | | $ | 803,203 | | | | | 21 | | % |

| Total revenue | | | $ | 4,812,005 | | | | | $ | 3,953,624 | | | | | $ | 858,381 | | | | | 22 | | % |

| | | | Year Ended January 31, | | | | | | | | | | | | Change | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | $ | | | | | | % | | |

| Subscription | | | $ | 1,015,915 | | | | | $ | 834,578 | | | | | $ | 181,337 | | | | | 22 | | % |

| Professional services | | | 203,014 | | | | | | 155,594 | | | | | | 47,420 | | | | | | 30 | | % |

| Total cost of revenue | | | $ | 1,218,929 | | | | | $ | 990,172 | | | | | $ | 228,757 | | | | | 23 | | % |

| | | | Year Ended January 31, | | | | | | | | | | | | Change | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | $ | | | | | | % | | |

| Subscription gross profit | | | $ | 3,548,768 | | | | | $ | 2,926,902 | | | | | $ | 621,866 | | | | | 21 | | % |

| Total gross profit | | | $ | 3,593,076 | | | | | $ | 2,963,452 | | | | | $ | 629,624 | | | | | 21 | | % |

| | | | Year Ended January 31, | | | | | | | | | | | | Change | | |

| | | | 2026 | | | | | | 2025 | | | | | | | | |

| | | | Year Ended January 31, | | | | | | | | | | | | Change | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | $ | | | | | | % | | |

| Sales and marketing expenses | | | $ | 1,831,254 | | | | | $ | 1,523,001 | | | | | $ | 308,253 | | | | | 20 | | % |

| | | | Year Ended January 31, | | | | | | | | | | | | Change | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | $ | | | | | | % | | |

| Research and development expenses | | | $ | 1,384,770 | | | | | $ | 1,075,587 | | | | | $ | 309,183 | | | | | 29 | | % |

| | | | Year Ended January 31, | | | | | | | | | | | | Change | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | $ | | | | | | % | | |

| General and administrative expenses | | | $ | 670,344 | | | | | $ | 481,264 | | | | | $ | 189,080 | | | | | 39 | | % |

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

| Subscription | | | 835,509 | | | | | | 630,745 | | | | | | 511,684 | | |

| Professional services | | | 155,972 | | | | | | 124,978 | | | | | | 89,547 | | |

| Total cost of revenue | | | 991,481 | | | | | | 755,723 | | | | | | 601,231 | | |

| Gross profit | | | 2,962,143 | | | | | | 2,299,832 | | | | | | 1,640,005 | | |

| Sales and marketing | | | 1,523,356 | | | | | | 1,140,566 | | | | | | 904,409 | | |

| Research and development | | | 1,076,901 | | | | | | 768,497 | | | | | | 608,364 | | |

| General and administrative | | | 482,316 | | | | | | 392,764 | | | | | | 317,344 | | |

| Total operating expenses | | | 3,082,573 | | | | | | 2,301,827 | | | | | | 1,830,117 | | |

| Loss from operations | | | (120,430) | | | | | | (1,995) | | | | | | (190,112) | | |

| | | | | | | | | | | | | | | | Change | | | | | | | | |

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

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

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

| Professional services | | | 155,972 | | | | | | 124,978 | | | | | | 30,994 | | | | | | 25 | | % |

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

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

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

| | | | | | | | | | | | | | | | Change | | |

| Sales and marketing expenses | | | $ | 1,523,356 | | | | | $ | 1,140,566 | | | | | $ | 382,790 | | | | | 34 | | % |

| Research and development expenses | | | $ | 1,076,901 | | | | | $ | 768,497 | | | | | $ | 308,404 | | | | | 40 | | % |

| General and administrative expenses | | | $ | 482,316 | | | | | $ | 392,764 | | | | | $ | 89,552 | | | | | 23 | | % |

| Other income, net | | | $ | 5,101 | | | | | $ | 1,638 | | | | | $ | 3,463 | | | | | 211 | | % |

| Provision for income taxes | | | $ | 71,130 | | | | | $ | 32,232 | | | | | $ | 38,898 | | | | | 121 | | % |

Our Revolving Facility matures on January 2, 2026.

We have historically generated operating losses prior to fiscal 2024 and during fiscal 2025, as reflected in our accumulated deficit of $1.1 billion as of January 31, 2025.

| Revenue | | | $ | 3,948,062 | |

| Cost of revenue | | | 1,022,627 | | |

| Operating expenses | | | 3,063,076 | | |

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: 2025] [added: 2026] or January 31, [removed: 2024.][added: 2025.]

Our debt obligations consist of a variety of financial instruments that expose us to interest rate risk, including, but not limited to our [removed: revolving credit facility and the] Senior Notes.

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: $108.3] [added: $138.8] million, [removed: $75.8] [added: $108.3] million and [removed: $55.5] [added: $75.8] million for the fiscal years ended January 31, [removed: 2025,] [added: 2026,] January 31, [removed: 2024] [added: 2025] and January 31, [removed: 2023] [added: 2024] 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: 2025,] [added: 2026,] January 31, [removed: 2024,] [added: 2025,] or January 31, [removed: 2023.][added: 2024.]

As of January 31, 2026, we had cash and cash equivalents of $5.2 billion.

Our short-term investments consist of U.S. Treasury bills and time deposits.

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

The interest on the revolving credit facility is tied to short-term interest rate benchmarks including the Term SOFR.

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

When we started CrowdStrike, cyberattackers had an asymmetric advantage over legacy cybersecurity products that could not keep pace with rapid changes in adversary [removed: tactics.][added: tactics, a dynamic that has intensified as adversaries increasingly leverage automation, identity abuse, and AI to operate at machine speed.]

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

The platform’s single, lightweight [removed: agent] [added: sensor] collects and integrates data from across the enterprise, including endpoints, cloud workloads, identities, and third-party sources.

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

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

The more data that is fed into our Falcon platform, the more intelligent [removed: our] [added: the AI] Security Cloud becomes, [added: the stronger our ability to anticipate] and [added: counter evolving adversary tradecraft, and] the more our customers benefit, creating a powerful network effect that increases the overall value we provide.

This approach has made CrowdStrike an industry leader in protection across endpoints, cloud workloads, identity [added: data,] and [removed: data (capable of protecting workloads] [added: AI systems, delivering consistent security execution] across [removed: on-premise, virtualized,] [added: hybrid] and [removed: cloud-based environments running on a variety of endpoints such as desktops, laptops, servers, virtual machines,] cloud [removed: workloads, cloud containers, mobile, and IoT devices)] [added: environments,] and [removed: enables] [added: allowing] us to rapidly [removed: scale] [added: extend] this [removed: best in class] [added: best-in-class] protection across new and emerging areas of enterprise risk.

Today, we offer [removed: 29] [added: 33] 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 security information and event management (“SIEM”) and log management, threat intelligence services, data protection, SaaS security posture management, Security Orchestration, Automation and Response (“SOAR”) and AI powered workflow automation, and [removed: securing] [added: security for] generative AI [removed: workloads.][added: and AI-driven systems through AI detection and response.]

Our Falcon platform consists of our easily deployed, intelligent lightweight [removed: agent,] [added: sensor,] and our [removed: groundbreaking] [added: Enterprise Graph, which unifies our ground-breaking] graph [removed: technology.][added: technologies into a single, connected intelligence layer.]

Our single, [removed: lightweight-agent] [added: lightweight-sensor] approach has changed how organizations experience cybersecurity, delivering protection without impacting the user, resources or productivity.

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

Asset Graph provides graph visualizations of the relationships among all assets such as devices, users, accounts, applications, cloud workloads and operations [removed: technology (“OT”),] [added: technology,] along with the rich context necessary for proper security hygiene and proactive security posture management to reduce risk in their organizations [removed: —] [added: -] without impacting IT.

- The Increasing [added: Speed,] Sophistication and Disruption of Cybersecurity 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.

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

- An Expanded Attack Surface Driven By [removed: Hybrid] [added: Cloud, AI] and [removed: Remote Workforces:] [added: Distributed Environments:] 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.

Meanwhile, these solutions often require more [removed: agents] [added: sensors] on the endpoint as new capabilities are patchworked together, which can have a dramatic negative impact on user performance.

We offer our customers compelling business value that includes ease of adoption, rapid time-to-value, superior efficacy rates in detecting threats and preventing breaches, and reduced total cost of ownership by consolidating legacy, siloed, and [removed: multi-agent] [added: multi-sensor] security products in a single solution.

With the Falcon platform, organizations can transform how they combat threats, [removed: transforming] [added: evolving] from slow, manual, and reactionary to fast, automated, and predictive, while gaining visibility across the threat lifecycle.

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

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

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

We empower customers to rapidly deploy and scale industry leading technologies across Endpoint [added: and Workspace] Security, Identity Protection, Cloud Security, Next-Gen SIEM and Modern Log Management, Data Protection, Exposure Management, IT Automation, ITSecOps and Risk, Threat Intelligence, and SaaS Security Posture Management from a single platform.

- Reducing [removed: Agent] [added: Sensor] Bloat: Our single intelligent lightweight [removed: agent] [added: sensor] enables frictionless deployment of our platform at scale, enabling customers to rapidly adopt our technology across any type of workload running on a variety of endpoints.

The [removed: agent] [added: sensor] is non-intrusive to the end user, requires no reboots and continues to protect the endpoint and track activity even when offline.

Through our single lightweight [removed: agent] [added: sensor] approach, customers can adopt multiple platform modules to address their critical areas of risk without burdening the endpoint with multiple [removed: agents.][added: sensors.]

Legacy approaches often require multiple [removed: agents] [added: sensors] as they layer on new capabilities.

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

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

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

Our Falcon platform is composed of two tightly integrated proprietary technologies: our lightweight [removed: agent] [added: sensor] and our Security Cloud.

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

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

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

The Falcon platform [added: delivered 32 cloud modules as of January 31, 2026 and currently] delivers [removed: 29] [added: 33] cloud modules, enabling customers to address their most critical areas of risk with speed, confidence, and visibility through one unified platform.

Managed [removed: Services Subscription: Falcon Complete Next-Gen Managed] Detection and Response [removed: (“MDR”)] [added: (“MDR”): Falcon Complete Next-Gen 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.

Next-Generation SIEM and Log Management: CrowdStrike’s Next-Gen SIEM and log management solutions deliver AI-driven detection, [added: advanced data pipelining, centralized case management,] investigation, and response capabilities, alongside high-performance log management for any data source.

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

We primarily sell the Falcon platform through our [removed: direct] sales [removed: team] [added: and partner teams] that [removed: leverages] [added: leverage] our network of channel partners to maximize effectiveness and scale.

We will continue to invest in customer acquisition programs, including our channel partnerships and new programs, like our free trial program of Falcon [removed: Prevent] [added: Go] that is easily downloaded from our [removed: website and] [added: website, the] AWS [added: Marketplace, the Google Marketplace, and the Microsoft] Marketplace.

When customers deploy our lightweight [removed: agent,] [added: sensor,] they can easily add additional cloud modules.

We took a fundamentally different approach to solve this problem with the AI-native CrowdStrike Falcon cybersecurity platform, which serves as the operating system for cybersecurity.

This data is ingested once and reused across multiple security functions, forming the foundation for detection, investigation, and response across the platform.

This data is continuously curated, labeled, and validated through real-world security operations, including managed detection and response, threat intelligence, and incident response activities, creating high-fidelity intelligence grounded in real adversary behavior and outcomes – cyber Reinforced Learning from Human Feedback (“RLHF”) at scale.

This intelligence is used to train and refine our AI models, enabling the Falcon platform to provide real-time context on adversary behavior, inform security decisions, and automatically prevent threats across our customer base.

Our Enterprise Graph correlates and contextualizes the vast data of our Security Cloud to transform raw signals into authoritative security context, enabling us to collect data once and reuse it repeatedly to support real-time detection, investigation, and response across the platform.

By creating a living, connected model of the enterprise, the Enterprise Graph makes signals immediately actionable by both AI-driven workflows and human analysts.

As a result, existing cybersecurity teams are often overwhelmed by the velocity of cyberattacks and the operational burden created by fragmented tools, siloed data, and high volumes of low-fidelity alerts that require manual investigation and correlation across multiple systems.

Adversaries exploit this complexity by accelerating attacks, while AI-enabled techniques compress response windows, increasing the need for automation and AI-driven security execution to keep pace.

Our 2026 Global Threat Report observed that 82% of detections were malware-free.

This unique data layer is powered and turned into action by the Enterprise Graph.

Enterprise Graph unifies our pioneering graph technologies (including Threat Graph, Intel Graph, and Asset Graph) into a living, connected model of the enterprise.

stretched teams.

Furthermore, these elite security teams (including Falcon Complete, Falcon Overwatch, and our Professional Services teams) are key ingredients into the development of our automation and AI systems.

New and increasingly sophisticated models are developed, benchmarked, and validated using data distilled from their operations.

As these models gain capabilities and efficacy, our elite teams become more efficient in dealing with existing threats, which in turn allows for more focus on emerging and novel threats, which further enhances their models and automation systems, creating a positive feedback loop and data flywheel for our customers.

According to the CrowdStrike 2026 Global Threat Report, 82% of detections in 2025 were malware-free, reflecting a sustained shift toward hands-on-keyboard operations, abuse of legitimate tools, and credential-driven movement that are difficult to distinguish from normal use behavior.

Securing AI: The Falcon platform provides comprehensive security from emerging threats and new attack surfaces for organizations implementing their own generative AI services and applications.

AI Detection and Response (“AIDR”) provides visibility and governance into how employees use AI and how AI agents operate by mapping relationships between users, prompts, models, agents, and Model Context Protocol (“MCP”) servers, and enforcing policy across these relationships.

Unstructured data is analyzed for malicious actions such as prompt injection, and sensitive data can be automatically redacted to keep AI interactions safe and compliant.

We also increasingly work with Managed Service Providers (“MSPs”), and Managed Security Service Providers (“MSSPs”), who operate the Falcon platform on a customer’s behalf, acting as an outsourced security team to manage risk, products, and outcomes for customers.

We also endeavor to work with more partners, new partner types, new technology companies, and new service providers to help more customer segments and new customers realize novel outcomes from the Falcon Platform.

intelligence and other proactive security operations aligned to the Falcon platform.

In addition to AWS, we bring CrowdStrike to market through Google Marketplace, and starting fiscal year 2027, the Microsoft Marketplace.

We work with a vast network of resellers, distributors, MSSPs, MSPs, and global system integrators (“GSIs”) to deliver diverse customer experiences, tailored to the needs of the

customer.

Our best-in-class ecosystem helps us source new logos, expand within existing accounts, and maintain high renewal rates because we meet customers where they are and work with those they trust.

Because revenue for any period is a function of revenue recognized from deferred revenue under contracts in

- Roles and tasks designed for growth

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

Our graph technology correlates and contextualizes the vast data of our Security Cloud so we can collect data once and reuse it repeatedly to deliver solutions that solve our customers’ biggest problems.

As a result, existing cybersecurity teams are often overwhelmed by the velocity of cyberattacks.

Adversaries exploit this vacuum by continuing to accelerate their sophisticated attacks.

Our 2024 Global Threat Report observed that over 70% of attacks comprise non-malware, hands-on-keyboard activity.

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

Additionally, the insights of our OverWatch team can then be leveraged by the Falcon platform to further enhance its autonomous capabilities, creating a positive feedback loop for our customers.

Approximately eighty percent of breaches today use stolen credentials and identities.

Our services also align to executive and board level cybersecurity training and awareness, including by helping public companies more confidently comply with public disclosure requirements relating to assessing, identifying and managing material cybersecurity risks, and reporting material cyber incidents.

- NextGen SIEM Professional Services. Our NG-SIEM professional services offer a comprehensive suite of deployment packages and ongoing support options designed to help organizations seamlessly implement and optimize the Falcon NG-SIEM platform.

Our Essentials, Advanced, and Premium Deployment Packages provide standardized implementations that prioritize data ingestion aligned with critical use cases from the MITRE ATT&CK framework, ensuring maximum impact in detecting and responding to threats.

For customers requiring deeper, hands-on expertise, we offer Resident Engineer Services in flexible durations of 3, 6, or 12 months supporting both NG-SIEM as well as LogScale.

Our integration services focus on enabling customers to align Falcon modules with their existing security ecosystems, leveraging our APIs and Falcon Fusion SOAR automation for improved operational efficiency.

We provide comprehensive training and certification programs to empower customers and partners with the knowledge and skills needed to maximize the value of CrowdStrike technologies and strengthen their cybersecurity expertise.

CrowdStrike University provides a centralized, online platform for accessing a wide range of training options including on-demand e-learning, instructor-led training, and certification preparation.

Our CrowdStrike Certified Falcon Administrator, Responder, Hunter, Cloud Specialist, and Identity Specialist certifications validate the skillsets of our customers and partners to ensure they are properly equipped to operate the Falcon platform.

- Role and task diversity

| Shawn Henry | | | | | | 62 | | | | | | Chief Security Officer | | |

Shawn Henry - Chief Security Officer

Mr. Henry has served as our Chief Security Officer since March 2012.

From March 2012 to October 2022, Mr. Henry also served as President of CrowdStrike Services.

Mr. Henry previously worked for the FBI from 1987 through March 2012, including most recently as Executive Assistant Director of the FBI’s Criminal, Cyber, Response and Services Branch.

Since June 2016, Mr. Henry has served as a faculty member specializing in cybersecurity for the National Association of Corporate Directors, an organization providing training and education for private and public company directors.

Mr. Henry previously served as a cybersecurity and national security analyst for NBC News.

Since November 2021, Mr. Henry has served as a director of ShoulderUp Technology Acquisition Corp., a blank check company that completed its initial public offering in

November 2021.

Mr. Henry also serves on the board of directors of CLEAR, a technology identity company, and served on the board of Global Cyber Alliance, a nonprofit organization dedicated to reducing cyber risk, from 2015 to December 2024.

Additionally, Mr. Henry serves on the advisory boards of several organizations.

Mr. Henry holds a B.B.A. from Hofstra University and an M.S. in criminal justice from Virginia Commonwealth University.

For the fiscal year ended January 31, [removed: 2025][added: 2026]

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: 2024] [added: 2025] (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: $53.5] [added: $109.3] billion.

As of February 28, [removed: 2025,] [added: 2026,] the number of shares of the registrant’s Class A common stock outstanding was [removed: 247,873,415, and the number of shares of the registrant’s Class B common stock outstanding was 0.][added: 253,614,090.]

Portions of the registrant’s definitive Proxy Statement relating to its [removed: 2025] [added: 2026] Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K where indicated.

| [Item [removed: 1.](#i5c662f2a20d24d02828ad94779fc83ab_16)] [added: 1.](#i94d40284295348378ae47b1f11c9e604_16)] | | | [removed: [Business](#i5c662f2a20d24d02828ad94779fc83ab_16)] [added: [Business](#i94d40284295348378ae47b1f11c9e604_16)] | | | [removed: [4](#i5c662f2a20d24d02828ad94779fc83ab_16)] [added: [4](#i94d40284295348378ae47b1f11c9e604_16)] | | |

| [Item [removed: 1A.](#i5c662f2a20d24d02828ad94779fc83ab_19)] [added: 1A.](#i94d40284295348378ae47b1f11c9e604_19)] | | | [Risk [removed: Factors](#i5c662f2a20d24d02828ad94779fc83ab_19)] [added: Factors](#i94d40284295348378ae47b1f11c9e604_19)] | | | [removed: [21](#i5c662f2a20d24d02828ad94779fc83ab_19)] [added: [21](#i94d40284295348378ae47b1f11c9e604_19)] | | |

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| [Item [removed: 9C.](#i5c662f2a20d24d02828ad94779fc83ab_160)] [added: 9C.](#i94d40284295348378ae47b1f11c9e604_166)] | | | [Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#i5c662f2a20d24d02828ad94779fc83ab_160)] [added: Inspections](#i94d40284295348378ae47b1f11c9e604_166)] | | | [removed: [118](#i5c662f2a20d24d02828ad94779fc83ab_160)] [added: [126](#i94d40284295348378ae47b1f11c9e604_166)] | | |

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| [Item [removed: 13.](#i5c662f2a20d24d02828ad94779fc83ab_175)] [added: 13.](#i94d40284295348378ae47b1f11c9e604_181)] | | | [Certain Relationships and Related Transactions and Director [removed: Independence](#i5c662f2a20d24d02828ad94779fc83ab_175)] [added: Independence](#i94d40284295348378ae47b1f11c9e604_181)] | | | [removed: [119](#i5c662f2a20d24d02828ad94779fc83ab_175)] [added: [127](#i94d40284295348378ae47b1f11c9e604_181)] | | |

| [Item [removed: 14.](#i5c662f2a20d24d02828ad94779fc83ab_178)] [added: 14.](#i94d40284295348378ae47b1f11c9e604_184)] | | | [Principal Accountant Fees and [removed: Services](#i5c662f2a20d24d02828ad94779fc83ab_178)] [added: Services](#i94d40284295348378ae47b1f11c9e604_184)] | | | [removed: [119](#i5c662f2a20d24d02828ad94779fc83ab_178)] [added: [127](#i94d40284295348378ae47b1f11c9e604_184)] | | |

| [Item [removed: 15.](#i5c662f2a20d24d02828ad94779fc83ab_184)] [added: 15.](#i94d40284295348378ae47b1f11c9e604_190)] | | | [Exhibits and Financial Statement [removed: Schedules](#i5c662f2a20d24d02828ad94779fc83ab_184)] [added: Schedules](#i94d40284295348378ae47b1f11c9e604_190)] | | | [removed: [119](#i5c662f2a20d24d02828ad94779fc83ab_184)] [added: [127](#i94d40284295348378ae47b1f11c9e604_190)] | | |

| [Item [removed: 16.](#i5c662f2a20d24d02828ad94779fc83ab_187)] [added: 16.](#i94d40284295348378ae47b1f11c9e604_193)] | | | [Form 10-K [removed: Summary](#i5c662f2a20d24d02828ad94779fc83ab_187)] [added: Summary](#i94d40284295348378ae47b1f11c9e604_193)] | | | [removed: [119](#i5c662f2a20d24d02828ad94779fc83ab_187)] [added: [127](#i94d40284295348378ae47b1f11c9e604_193)] | | |

- sufficiency of cash and cash equivalents [added: and cash flow from operations] to meet cash needs for at least the next 12 months;

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

- 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 [removed: condition.][added: condition; and]

| | | | [Part I](#i94d40284295348378ae47b1f11c9e604_13) | | | | | |

| | | | [Part II](#i94d40284295348378ae47b1f11c9e604_37) | | | | | |

| | | | [Part III](#i94d40284295348378ae47b1f11c9e604_169) | | | | | |

| | | | [Part IV](#i94d40284295348378ae47b1f11c9e604_187) | | | | | |

| | | | [Signatures](#i94d40284295348378ae47b1f11c9e604_199) | | | [131](#i94d40284295348378ae47b1f11c9e604_199) | | |

| | | | [Power of Attorney](#i94d40284295348378ae47b1f11c9e604_202) | | | [132](#i94d40284295348378ae47b1f11c9e604_202) | | |

- the expected impacts of the Strategic Plan (as defined below).

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

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

| | | | [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)

In fiscal [removed: 2025,] [added: 2026,] 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.

[added: Our CISO and dedicated personnel are certified and experienced] information systems security professionals and information security managers with many years of experience across a variety of technology sub-specialties.

Our CISO and dedicated personnel are certified and experienced

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

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

As of January 31, [removed: 2025,] [added: 2026,] we had [removed: 95] [added: 82] holders of record of our Class A common stock and zero holders of record of our Class B common stock.

Additionally, our ability to pay dividends [removed: is] [added: may become] limited by restrictions on our ability to pay dividends or make distributions under the terms of [removed: our] [added: any future] credit facility.

The information required by this item with respect to our equity compensation plans is incorporated by reference to our Proxy Statement for the [removed: 2025] [added: 2026] Annual Meeting of Stockholders to be filed with the Securities and Exchange Commission within 120 days of the fiscal year ended January 31, [removed: 2025.][added: 2026.]

[removed: Issuer] [added: (c) Issuer] Purchases of Equity Securities

We have presented below the cumulative total return to our stockholders for the five years ended January 31, [removed: 2025] [added: 2026] in comparison to the Standard & Poor’s 500 Index, Standard & Poor Information Technology Index, and the Nasdaq 100 Index.

| Company/ Index | | | | | | | | | | | | | | | | | | | | | | | | [removed: Base period 1/31/20] | | | | | | | | | | | | | | | | | | | | | | | | [removed: 1/31/21] [added: Base Period 1/31/2021] | | | | | | | | | | | | | | | | | | | | | | | | 1/31/22 | | | | | | | | | | | | | | | | | | | | | | | | 1/31/23 | | | | | | 1/31/24 | | | | | | 1/31/25 | | | [added: | | | 1/31/26 | | |]

None.


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

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

| CrowdStrike Holdings, Inc. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 83.71 | | | | | | | | | | | | | | | | | | | | | | | $ | 49.07 | | | | | $ | 135.54 | | | | | $ | 184.46 | | | | | $ | 204.54 | |

| S&P 500 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 123.29 | | | | | | | | | | | | | | | | | | | | | | | $ | 113.16 | | | | | $ | 136.72 | | | | | $ | 172.78 | | | | | $ | 201.03 | |

| S&P Information Technology | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 126.43 | | | | | | | | | | | | | | | | | | | | | | | $ | 106.58 | | | | | $ | 159.97 | | | | | $ | 204.12 | | | | | $ | 256.43 | |

| Nasdaq 100 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 100.00 | | | | | | | | | | | | | | | | | | | | | | | $ | 116.31 | | | | | | | | | | | | | | | | | | | | | | | $ | 95.11 | | | | | $ | 135.83 | | | | | $ | 171.60 | | | | | $ | 205.61 | |

There is no public market for our Class B common stock.

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.

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


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

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

| 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 | |

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

| [Report of Independent Registered Public Accounting [removed: Firm](#i5c662f2a20d24d02828ad94779fc83ab_85)] [added: Firm](#i94d40284295348378ae47b1f11c9e604_85)] (PCAOB ID 238) | | | [removed: [78](#i5c662f2a20d24d02828ad94779fc83ab_85)] [added: [80](#i94d40284295348378ae47b1f11c9e604_85)] | | |

| [Consolidated Balance Sheets as of January 31, [removed: 2025] [added: 2026] and [removed: 2024](#i5c662f2a20d24d02828ad94779fc83ab_88)] [added: 2025](#i94d40284295348378ae47b1f11c9e604_88)] | | | [removed: [80](#i5c662f2a20d24d02828ad94779fc83ab_88)] [added: [82](#i94d40284295348378ae47b1f11c9e604_88)] | | |

| [Consolidated Statements of Operations for the years ended January 31, [removed: 2025, 2024] [added: 2026, 2025] and [removed: 2023](#i5c662f2a20d24d02828ad94779fc83ab_91)] [added: 2024](#i94d40284295348378ae47b1f11c9e604_91)] | | | [removed: [81](#i5c662f2a20d24d02828ad94779fc83ab_91)] [added: [83](#i94d40284295348378ae47b1f11c9e604_91)] | | |

| [Consolidated Statements of Comprehensive Income (Loss) for the years ended January 31, [removed: 2025, 2024] [added: 2026, 2025] and [removed: 2023](#i5c662f2a20d24d02828ad94779fc83ab_94)] [added: 2024](#i94d40284295348378ae47b1f11c9e604_94)] | | | [removed: [82](#i5c662f2a20d24d02828ad94779fc83ab_94)] [added: [84](#i94d40284295348378ae47b1f11c9e604_94)] | | |

| [Consolidated Statements of Stockholders’ Equity for the years ended January 31, [removed: 2025, 2024] [added: 2026, 2025] and [removed: 2023](#i5c662f2a20d24d02828ad94779fc83ab_97)] [added: 2024](#i94d40284295348378ae47b1f11c9e604_97)] | | | [removed: [83](#i5c662f2a20d24d02828ad94779fc83ab_97)] [added: [85](#i94d40284295348378ae47b1f11c9e604_97)] | | |

| [Consolidated Statements of Cash Flows for the years ended January 31, [removed: 2025, 2024] [added: 2026, 2025] and [removed: 2023](#i5c662f2a20d24d02828ad94779fc83ab_100)] [added: 2024](#i94d40284295348378ae47b1f11c9e604_100)] | | | [removed: [84](#i5c662f2a20d24d02828ad94779fc83ab_100)] [added: [86](#i94d40284295348378ae47b1f11c9e604_100)] | | |

| [Notes to Consolidated Financial [removed: Statements](#i5c662f2a20d24d02828ad94779fc83ab_103)] [added: Statements](#i94d40284295348378ae47b1f11c9e604_103)] | | | [removed: [85](#i5c662f2a20d24d02828ad94779fc83ab_103)] [added: [87](#i94d40284295348378ae47b1f11c9e604_103)] | | |

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: 2025] [added: 2026] and [removed: 2024,] [added: 2025,] 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: 2025,] [added: 2026,] including the related notes (collectively referred to as the [removed: "consolidated] [added: “consolidated] financial [removed: statements").][added: statements”).]

We also have audited the [removed: Company's] [added: Company’s] internal control over financial reporting as of January 31, [removed: 2025,] [added: 2026,] 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: 2025] [added: 2026] and [removed: 2024,] [added: 2025,] and the results of its operations and its cash flows for each of the three years in the period ended January 31, [removed: 2025] [added: 2026] 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: 2025,] [added: 2026,] based on criteria established in [removed: Internal] [added: *Internal] Control - Integrated [removed: Framework] [added: Framework*] (2013) issued by the COSO.

*Revenue Recognition [removed: –] [added: -] Subscription Revenue*

The Company recognized consolidated subscription revenue of [removed: $3,761.5] [added: $4,564.7] million for the year ended January 31, [removed: 2025.][added: 2026.]

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, [removed: 2025] [added: 2026] 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.

| | | | [added: 2026 | | | | | |] 2025 | | | | | | 2024 | | |

| Cash and cash equivalents | | | $ | [added: 5,230,125 | | | | | $ |] 4,323,295 | | | | | $ | 3,375,069 | | [added: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |]

| [removed: Short-term] [added: Purchases of short-term] investments | | | — | | | | | | [removed: 99,591] [added: —] | | | [added: | | | (195,581) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |]

| Accounts receivable, net of allowance for credit losses of [removed: $2.8] [added: $3.0] million and [removed: $2.2] [added: $2.8] million as of January 31, [removed: 2025] [added: 2026] and January 31, [removed: 2024,] [added: 2025,] respectively | | | [removed: 1,128,564] [added: 1,361,844] | | | | | | [removed: 853,105] [added: 1,128,564] | | |

| Deferred contract acquisition costs, current | | | [removed: 347,042] [added: 447,455] | | | | | | [removed: 246,370] [added: 347,042] | | |

| Prepaid expenses and other current assets | | | [removed: 314,444] [added: 379,695] | | | | | | [removed: 183,172] [added: 314,444] | | |

| Total current assets | | | [removed: 6,113,345] [added: 7,419,119] | | | | | | [removed: 4,757,307] [added: 6,113,345] | | |

| Strategic investments | | | [removed: 72,544] [added: 76,832] | | | | | | [removed: 56,244] [added: 72,544] | | |

| Property and equipment, net | | | [removed: 788,640] [added: 976,331] | | | | | | [removed: 620,172] [added: 788,640] | | |

| Operating lease right-of-use assets | | | [removed: 42,763] [added: 69,860] | | | | | | [removed: 48,211] [added: 42,763] | | |

| Deferred contract acquisition costs, noncurrent | | | [removed: 500,908] [added: 655,658] | | | | | | [removed: 335,933] [added: 500,908] | | |

| Goodwill | | | [removed: 912,805] [added: 1,363,294] | | | | | | [removed: 638,041] [added: 912,805] | | |

| Intangible assets, net | | | [removed: 133,114] [added: 136,702] | | | | | | [removed: 114,518] [added: 133,114] | | |

| Other long-term assets | | | [removed: 137,459] [added: 388,888] | | | | | | [removed: 76,094] [added: 137,459] | | |

| Total assets | | | $ | [removed: 8,701,578] [added: 11,086,684] | | | | | $ | [removed: 6,646,520] [added: 8,701,578] | |

| Accounts payable | | | $ | [removed: 130,887] [added: 105,319] | | | | | $ | [removed: 28,180] [added: 130,887] | |

| Accrued expenses | | | [removed: 191,349] [added: 181,089] | | | | | | [removed: 125,896] [added: 191,349] | | |

| Accrued payroll and benefits | | | [removed: 319,243] [added: 389,690] | | | | | | [removed: 234,624] [added: 319,243] | | |

| Operating lease liabilities, current | | | [removed: 13,811] [added: 18,232] | | | | | | [removed: 14,150] [added: 13,811] | | |

| Deferred revenue | | | [removed: 2,733,005] [added: 3,421,051] | | | | | | [removed: 2,270,757] [added: 2,733,005] | | |

| Other current liabilities | | | [removed: 72,755] [added: 68,811] | | | | | | [removed: 23,672] [added: 72,755] | | |

| Total current liabilities | | | [removed: 3,461,050] [added: 4,184,192] | | | | | | [removed: 2,697,279] [added: 3,461,050] | | |

| Long-term debt | | | [removed: 743,983] [added: 745,471] | | | | | | [removed: 742,494] [added: 743,983] | | |

| Deferred revenue, noncurrent | | | [removed: 995,672] [added: 1,332,387] | | | | | | [removed: 783,342] [added: 995,672] | | |

| Operating lease liabilities, noncurrent | | | [removed: 31,107] [added: 56,374] | | | | | | [removed: 36,230] [added: 31,107] | | |

| Other liabilities, noncurrent | | | [removed: 150,849] [added: 295,655] | | | | | | [removed: 50,086] [added: 150,849] | | |

March 4, 2026

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

| | | | 2026 | | | | | | 2025 | | |

| Additional paid-in capital | | | 5,694,549 | | | | | | 4,409,503 | | |

| Accumulated deficit | | | (1,283,042) | | | | | | (1,120,540) | | |

| Subscription | | | 1,015,915 | | | | | | 834,578 | | | | | | 632,743 | | |

| Professional services | | | 203,014 | | | | | | 155,594 | | | | | | 126,186 | | |

| Total cost of revenue | | | 1,218,929 | | | | | | 990,172 | | | | | | 758,929 | | |

| Gross profit | | | 3,593,076 | | | | | | 2,963,452 | | | | | | 2,296,626 | | |

| Sales and marketing | | | 1,831,254 | | | | | | 1,523,001 | | | | | | 1,140,275 | | |

| Research and development | | | 1,384,770 | | | | | | 1,075,587 | | | | | | 780,319 | | |

| General and administrative | | | 670,344 | | | | | | 481,264 | | | | | | 395,173 | | |

| Total operating expenses | | | 3,886,368 | | | | | | 3,079,852 | | | | | | 2,315,767 | | |

| Loss from operations | | | (293,292) | | | | | | (116,400) | | | | | | (19,141) | | |

| Income (loss) before provision for income taxes | | | (126,989) | | | | | | 58,564 | | | | | | 105,671 | | |

| Net income (loss) | | | (161,165) | | | | | | (12,566) | | | | | | 73,439 | | |

| Net income (loss) attributable to CrowdStrike | | | $ | (162,502) | | | | | $ | (15,241) | | | | | $ | 72,181 | |

| Basic | | | $ | (0.65) | | | | | $ | (0.06) | | | | | $ | 0.30 | |

| Diluted | | | $ | (0.65) | | | | | $ | (0.06) | | | | | $ | 0.30 | |

| Net income (loss) | | | $ | (161,165) | | | | | $ | (12,566) | | | | | $ | 73,439 | |

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

| Issuance of common stock for payment of board of director fees | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | 375 | | | | | | — | | | | | | — | | | | | | — | | | | | | 375 | | |

| Net income (loss) | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | (162,502) | | | | | | — | | | | | | 1,337 | | | | | | (161,165) | | |

| Balances at January 31, 2026 | | | | | | | | | | | | | | | | | | 253,363 | | | | | | $ | 127 | | | | | $ | 5,694,549 | | | | | $ | (1,283,042) | | | | | $ | 16,756 | | | | | $ | 44,215 | | | | | $ | 4,472,605 | |

| Net income (loss) | | | $ | (161,165) | | | | | $ | (12,566) | | | | | $ | 73,439 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Stock-based compensation expense | | | 1,096,679 | | | | | | 861,391 | | | | | | 648,665 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Restricted cash included in other long-term assets | | | 83,969 | | | | | | — | | | | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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

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

| Fair value of common stock to be issued for consideration transferred | | | $ | 10,318 | | | | | $ | — | | | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Restricted cash held in escrow for purchase consideration for business combinations | | | $ | 82,500 | | | | | $ | — | | | | | $ | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

In February 2026, the Company completed an assessment of the estimated period of benefit of commissions earned upon the initial acquisition of a contract, or subsequent upsell, and determined that it should increase from four to five years.

This change in estimate will be effective beginning in fiscal year 2027.

As of January 31, 2026, two end users represented 10% or more of the Company’s financing receivables, and in aggregate represented 27% of the Company’s financing receivables.

Restricted Cash

The Company records cash that is restricted as to withdrawal or use under the terms of certain contractual agreements as restricted cash.

The Company’s restricted cash primarily relates to indemnity holdback amounts arising from business combinations.

Restricted cash is classified as current or noncurrent based on the remaining term of the restriction.

The current portion of restricted cash is recorded in prepaid expenses and other current assets in the consolidated balance sheets.

The noncurrent portion of restricted cash is recorded in other long-term assets in the consolidated balance sheets.

| | | | | | |

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

March 10, 2025

| Subscription | | | 835,509 | | | | | | 630,745 | | | | | | 511,684 | | |

| Basic | | | $ | (0.08) | | | | | $ | 0.37 | | | | | $ | (0.79) | |

| Diluted | | | $ | (0.08) | | | | | $ | 0.37 | | | | | $ | (0.79) | |

| Net income (loss) | | | $ | (16,596) | | | | | $ | 90,585 | | | | | $ | (182,285) | |

| Balances at January 31, 2022 | | | | | | | | | | | | | | | | | | 230,706 | | | | | | $ | 115 | | | | | $ | 1,991,807 | | | | | $ | (964,918) | | | | | $ | (1,240) | | | | | $ | 11,879 | | | | | $ | 1,037,643 | |

| Vesting of early exercised options | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | 2,204 | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,204 | | |

| Net income (loss) | | | | | | | | | | | | | | | | | | — | | | | | | — | | | | | | — | | | | | | (183,245) | | | | | | — | | | | | | 960 | | | | | | (182,285) | | |

| Net income (loss) | | | $ | (16,596) | | | | | $ | 90,585 | | | | | $ | (182,285) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Stock-based compensation expense | | | 865,421 | | | | | | 631,519 | | | | | | 526,504 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Purchases of short-term investments | | | — | | | | | | (195,581) | | | | | | (250,000) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Repayment of loan payable | | | — | | | | | | — | | | | | | (1,591) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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

Certain prior year information has been reclassified to conform to the current year presentation.

These reclassifications had no effect on previously reported results of operations or accumulated deficit.

Cash Equivalents and Short-term Investments

Short-term investments consist of U.S. Treasury bills and time deposits with original maturities greater than three months but less than one year.

The Company had no short-term investments as of January 31, 2025, and $99.6 million of short-term investments as of January 31, 2024.

The Company classifies investments in U.S. Treasury bills as available-for-sale securities at the time of purchase and re-evaluates the designations as of each balance sheet date.

The Company classifies its available-for-sale securities as short-term investments based on their nature and their availability for use in current operations.

Available-for-sale securities are carried at fair value with unrealized gains and losses, if any, included in accumulated other comprehensive income (loss).

Unrealized losses are recorded in other income, net, for declines in fair value below the cost of an individual investment that is deemed to be other-than-temporary.

The Company did not identify any available-for-sale securities as other-than-temporarily impaired as of January 31, 2025 and January 31, 2024.

Realized gains and losses from the sale of available-for-sale securities are determined based on a specific identification method and are recorded in other income, net.

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.

The standard requires disclosure of significant segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of segment profit or loss, an amount for other segment items required to reconcile the difference between segment revenue and segment expenses to segment profit or loss along with a description of their composition, and the title and position of the entity’s CODM.

The update also expands interim segment disclosure requirements.

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.

The standard requires additional disclosure of specific expense categories included in the expense captions presented on the statements of operations.

The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions and applies to all entities subject to income taxes.

The new standard is effective for annual periods beginning after December 15, 2024.

The Company does not expect the adoption of this new guidance to have a material impact on its disclosures within the consolidated financial statements.

| Short-term investments | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| U.S. Treasury securities | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 99,591 | | | | | | — | | | | | | 99,591 | | |

| Realized losses recognized on sales of privately held equity securities | | | (654) | | | | | | — | | | | | | — | | |

| 1 to 4 | | | $ | 18,413 | |

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: 2025.][added: 2026.]

Our management conducted an evaluation of the effectiveness of our internal control over financial reporting as of January 31, [removed: 2025] [added: 2026] 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: 2025.][added: 2026.]

The effectiveness of our internal control over financial reporting as of January 31, [removed: 2025] [added: 2026] 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: 2025] [added: 2026] that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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

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

During the three months ended January 31, [removed: 2025,] [added: 2026,] certain of our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) [removed: adopted] [added: adopted, modified, or terminated] a “Rule 10b5-1 trading arrangement” (as defined in Regulation S-K Item 408) for the sale of shares of our [removed: Class A] common 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(4)] [added: Expiration(3)] | | |

| [removed: Gerhard Watzinger, Chairman] [added: George Kurtz, President, Chief Executive Officer and Director] | | | | | | Adoption | | | | | | [removed: December 6, 2024] [added: January 16, 2026] | | | | | | X | | | | | | | | | | | | Up to [removed: 60,500] [added: 627,500] | | | | | | Earlier of [removed: the date] when all shares under the plan are sold and April [removed: 1, 2026.] [added: 30, 2027.] | | |

| [removed: Shawn Henry,] [added: Anurag Saha,] Chief [removed: Security] [added: Accounting] Officer | | | | | | [removed: Adoption] [added: Modification] | | | | | | [removed: December 18, 2024] [added: January 16, 2026] | | | | | | X | | | | | | | | | | | | Up to [removed: 54,333(3)] [added: 9,016(5)] | | | | | | Earlier of when all shares under the plan are sold and [removed: March 24,] [added: June 30,] 2026. | | |

| [removed: Johanna Flower, Director] [added: Michael Sentonas, President] | | | | | | [removed: Adoption] [added: Modification] | | | | | | January 16, [removed: 2025] [added: 2026] | | | | | | X | | | | | | | | | | | | Up to [removed: 10,394] [added: 100,000(4)] | | | | | | Earlier of when all shares under the plan are sold and [removed: April 17, 2026.] [added: January 16, 2027.] | | |

[removed: (4)] [added: (3)] 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), [removed: adopted] [added: adopted, modified,] 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.

(4) Mr. Sentonas’ previously adopted 10b5-1 Plan was entered into on June 24, 2025.

The modified 10b5-1 Plan, including sales that have occurred to date under the original plan, provides for the sale of an aggregate of up to 100,000 shares of Class A common stock.

(5) Mr. Saha’s previously adopted 10b5-1 Plan was entered into on March 24, 2025.

The modified 10b5-1 Plan, including sales that have occurred to date under the original plan, provides for the sale of an aggregate of up to 9,016 shares of Class A common stock.

(3) Intended to permit Mr. Henry to sell (i) 21,330 shares subject to RSUs and (ii) 33,003 shares subject to PSUs.

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

The information otherwise required by this Item will be included in our definitive proxy statement for our [removed: 2025] [added: 2026] annual meeting of stockholders (the [removed: “2025] [added: “2026] Proxy Statement”), which will be filed with the SEC within 120 days after the end of our fiscal year ended January 31, [removed: 2025,] [added: 2026,] and is incorporated herein by reference.

[removed: The] [added: Except as disclosed herein, the] information required by this item is incorporated herein by reference to our [removed: 2025] [added: 2026] Proxy Statement.

As discussed in Note 1 and Note 16 of the Notes to the Consolidated Financial Statements included in this report, the Consolidated Financial Statements were revised for the fiscal years ended January 31, 2025 and January 31, 2024, and the unaudited interim periods within such years, to correct for an immaterial error related to the timing of recognition of stock-based compensation expense in prior periods associated with certain awards granted in the fiscal years ended January 31, 2023 and January 31, 2022.

The revision required a recovery analysis of incentive-based executive compensation under the CrowdStrike Holdings, Inc. Compensation Recovery Policy filed as Exhibit 97.1 to this report.

The Company determined that the revision had no recovery impact with respect to such incentive-based compensation because the immaterial error did not result in any current or former executive officer receiving excess compensation relative to what would have been earned by such executive officer had the financial results been properly reported.

The information required by this item is incorporated herein by reference to our [removed: 2025] [added: 2026] Proxy Statement.

The information required by this item is incorporated herein by reference to our [removed: 2025] [added: 2026] Proxy Statement.

The information required by this item is incorporated herein by reference to our [removed: 2025] [added: 2026] Proxy Statement.

| [4.4](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-10xk_exx44description.htm) | | | | | | [Description of Registrant’s securities.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-10xk_exx44description.htm) | | | [added: 10-K] | | | [added: 001-38933] | | | [added: 4.4] | | | [added: March 10, 2025] | | | [removed: X] | | |

| [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) | | | [added: 10-K] | | | [added: 001-38933] | | | [added: 4.8] | | | [added: March 10, 2025] | | | [removed: X] | | |

| [10.9†](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000020/outsidedirectorcompensatio.htm) | | | | | | [Outside Director Compensation Policy, as amended on June 19, [removed: 2024.](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000020/outsidedirectorcompensatio.htm)] [added: 2025.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000025/exhibit101outsidedirectorc.htm)] | | | 10-Q | | | 001-38933 | | | 10.1 | | | August [removed: 29, 2024] [added: 28, 2025] | | | | | |

| [removed: [10.15†](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/gk-specialpsuawardagreemen.htm)] [added: [10.14†](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/gk-specialpsuawardagreemen.htm)] | | | | | | [Amended and Restated Performance Unit Agreement with George Kurtz, dated September 1, 2021, under the CrowdStrike Holdings, Inc. 2019 Equity Incentive Plan.](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/gk-specialpsuawardagreemen.htm) | | | 10-Q | | | 001-38933 | | | 10.4 | | | September 1, 2021 | | | | | |

| [removed: [10.16†](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000022/crowdstrike-ceocicandsever.htm)] [added: [10.15†](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 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†](https://www.sec.gov/Archives/edgar/data/1535527/000110465922004504/tm222862d1_ex10-1.htm)] [added: [10.16†](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 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†](https://www.sec.gov/Archives/edgar/data/1535527/000153552721000013/a102_henrysupdated.htm)] [added: [10.17†](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, 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](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm)] [added: [10.18](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm)] | | | | | | [Second Amendment to Office Lease between EQC Capitol Tower Property LLC and CrowdStrike, Inc., dated January 19, 2023](https://www.sec.gov/Archives/edgar/data/1535527/000153552723000008/austin_xsecondxamendment.htm) | | | 10-K | | | 001-38933 | | | 10.26 | | | March 9, 2023 | | | | | |

| [removed: [10.20†](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/dcpadoptionagreementdate.htm)] [added: [10.19†](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) | | | 10-K | | | 001-38933 | | | 10.20 | | | March 7, 2024 | | | | | |

| [removed: [10.21†](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000007/dcpdated1123.htm)] [added: [10.20†](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) | | | 10-K | | | 001-38933 | | | 10.21 | | | March 7, 2024 | | | | | |

| [removed: [10.22†](https://www.sec.gov/Archives/edgar/data/1535527/000153552724000013/sentonas_michaelx-xusxof.htm)] [added: [10.21†](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) | | | [added: 10-K] | | | [added: 001-38933] | | | [added: 19.1] | | | [added: March 10, 2025] | | | [removed: X] | | |

| [removed: [21.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx211.htm)] [added: [21.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx211.htm)] | | | | | | [List of Subsidiaries of the [removed: Registrant.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx211.htm)] [added: Registrant.](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx211.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [22.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/ex-221listofsubsidiaryguar.htm)] [added: [22.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/ex-221listofsubsidiaryguar.htm)] | | | | | | [List of Subsidiary [removed: Guarantors](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/ex-221listofsubsidiaryguar.htm)] [added: Guarantors](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/ex-221listofsubsidiaryguar.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [23.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx231.htm)] [added: [23.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx231.htm)] | | | | | | [Consent of PricewaterhouseCoopers LLC, independent registered public accounting [removed: firm.](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx231.htm)] [added: firm.](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx231.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [24.1](#i5c662f2a20d24d02828ad94779fc83ab_196)] [added: [24.1](#i94d40284295348378ae47b1f11c9e604_202)] | | | | | | [Power of Attorney (reference is made to the signature page [removed: hereto).](#i5c662f2a20d24d02828ad94779fc83ab_196)] [added: hereto).](#i94d40284295348378ae47b1f11c9e604_202)] | | | | | | | | | | | | | | | X | | |

| [removed: [31.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx311.htm)] [added: [31.1](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx311.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/1535527/000153552725000009/crwd-20250131xexx311.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx311.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [31.2](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx312.htm)] [added: [31.2](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx312.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/1535527/000153552725000009/crwd-20250131xexx312.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx312.htm)] | | | | | | | | | | | | | | | X | | |

| [removed: [32.1*](https://www.sec.gov/Archives/edgar/data/1535527/000153552725000009/crwd-20250131xexx321.htm)] [added: [32.1*](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx321.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/1535527/000153552725000009/crwd-20250131xexx321.htm)] [added: 2002.](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131xexx321.htm)] | | | | | | | | | | | | | | | X | | |

Pursuant to the requirements of the Securities Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on the day of March [removed: 10, 2025.][added: 4, 2026.]

| /s/ George Kurtz | | | | | | President, Chief Executive Officer, and Director (Principal Executive Officer) | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Burt W. Podbere | | | | | | Chief Financial Officer (Principal Financial Officer) | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Anurag Saha | | | | | | Chief Accounting Officer (Principal Accounting Officer) | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Gerhard Watzinger | | | | | | Chairman of the Board of Directors | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Cary J. Davis | | | | | | Director | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Denis J. O’Leary | | | | | | Director | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Godfrey R. Sullivan | | | | | | Director | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Johanna Flower | | | | | | Director | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Laura J. Schumacher | | | | | | Director | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Roxanne S. Austin | | | | | | Director | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| /s/ Sameer K. Gandhi | | | | | | Director | | | | | | March [removed: 10, 2025] [added: 4, 2026] | | |

| [10.22†](https://www.sec.gov/Archives/edgar/data/1535527/000110465925124912/tm2534248d1_ex10-1.htm) | | | | | | [Performance Unit Agreement with George Kurtz, dated December 22, 2025, under the CrowdStrike Holdings, Inc. 2019 Equity Incentive Plan.](https://www.sec.gov/Archives/edgar/data/1535527/000110465925124912/tm2534248d1_ex10-1.htm) | | | 8-K | | | 001-38933 | | | 10.1 | | | December 29, 2025 | | | | | |

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

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