0001535527-24-000026 | 10-Q | XBRL Viewer

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Net Income (Loss) Per Share Attributable to Common Stockholders - Additional Information (Details) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Oct. 31, 2024 USD ($) $ / shares shares	Oct. 31, 2024 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Contingent consideration related to business combinations \| $	$ 19.3	$ 19.3
Shares issued	3,316	8,356
Weighted average price (in usd per share) \| $ / shares	$ 268.05	$ 319.12
Weighted average shares (in shares)	482,605	503,669

Investments and Fair Value Measurements - Privately Held Equity Securities (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Initial total cost	$ 63,842	$ 51,373
Cumulative net gains	4,404	4,871
Carrying amount, end of period	68,246	56,244
Privately held equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Initial total cost	62,842	50,373
Cumulative net gains	4,404	4,871
Carrying amount, end of period	67,246	55,244
Privately held debt and other securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Initial total cost	1,000	1,000
Cumulative net gains	0	0
Carrying amount, end of period	$ 1,000	$ 1,000

Investments and Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2024	Jan. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative net gains	$ (4,404)	$ (4,871)
Privately held equity securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cumulative net gains	(4,404)	(4,871)
Upward price adjustment	8,800	9,300
Downward price adjustment	$ 4,400	$ 4,400

Revenue, Deferred Revenue and Remaining Performance Obligations - Deferred Contract Acquisition Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Jan. 31, 2024
Movement in Deferred Contract Acquisition Costs [Roll Forward]
Beginning balance	$ 592,785	$ 458,685	$ 582,303	$ 447,088
Capitalization of contract acquisition costs	203,079	84,671	361,412	209,145
Amortization of deferred contract acquisition costs	(79,862)	(60,281)	(227,713)	(173,158)
Ending balance	716,002	483,075	716,002	483,075
Deferred contract acquisition costs, current	294,229	209,216	294,229	209,216	$ 246,370
Deferred contract acquisition costs, noncurrent	421,773	273,859	421,773	273,859	335,933
Total deferred contract acquisition costs	$ 716,002	$ 483,075	$ 716,002	$ 483,075	$ 582,303

Balance Sheet Components - Intangible Assets, Net (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2024	Jan. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 177,721	$ 164,215
Accumulated Amortization	68,367	49,697
Net Amount	109,354	114,518
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	144,849	131,346
Accumulated Amortization	57,666	41,854
Net Amount	$ 87,183	$ 89,492
Weighted-Average Remaining Useful Life	54 months	60 months
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 17,029	$ 17,027
Accumulated Amortization	7,635	5,825
Net Amount	$ 9,394	$ 11,202
Weighted-Average Remaining Useful Life	62 months	68 months
Intellectual property and other acquired intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 15,843	$ 15,842
Accumulated Amortization	3,066	2,018
Net Amount	$ 12,777	$ 13,824
Weighted-Average Remaining Useful Life	115 months	123 months

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Investments and Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis are as follows (in thousands):


	October 31, 2024								January 31, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total

Assets
Cash equivalents
Money market funds	$	1,460,037	$	—	$	—	$	1,460,037	$	2,360,173	$	—	$	—	$	2,360,173

U.S. Treasury securities	—		2,488,351		—		2,488,351		—		693,599		—		693,599
Short-term investments
U.S. Treasury securities	—		—		—		—		—		99,591		—		99,591
Other assets
Deferred compensation investments	4,459		—		—		4,459		2,271		—		—		2,271
Total assets	$	1,464,496	$	2,488,351	$	—	$	3,952,847	$	2,362,444	$	793,190	$	—	$	3,155,634

Schedule of Changes in Strategic Investments

The Company’s investments of privately held securities as of October 31, 2024, consisted of the following (in thousands):


	Privately held equity securities		Privately held debt and other securities		Total
Initial total cost	$	62,842	$	1,000	$	63,842
Cumulative net gains	4,404		—		4,404
Carrying amount, end of period	$	67,246	$	1,000	$	68,246

The Company’s investments of privately held securities as of January 31, 2024, consisted of the following (in thousands):


	Privately held equity securities		Privately held debt and other securities		Total
Initial total cost	$	50,373	$	1,000	$	51,373
Cumulative net gains	4,871		—		4,871
Carrying amount, end of period	$	55,244	$	1,000	$	56,244

The components of gains on strategic investments were as follows (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023
Realized gains recognized on sales of privately held equity securities	$	—	$	—	$	6,227	$	—

Gains on strategic investments	$	—	$	—	$	6,227	$	—

Stock-Based Compensation - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 208,888	$ 159,614	$ 592,890	$ 455,247
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	56,251	42,544	165,914	129,725
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	81,874	52,388	224,467	143,754
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	44,652	47,560	132,133	135,173
Subscription \| Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	18,613	11,477	49,261	30,575
Professional services \| Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 7,498	$ 5,645	$ 21,115	$ 16,020

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Jan. 31, 2024
Income Tax Disclosure [Abstract]
Income tax expense	$ 6,281	$ 9,603	$ 24,862	$ 18,623
Effective tax rate	(59.60%)	26.50%	24.60%	34.30%
Gross unrecognized tax benefits	$ 74,400		$ 74,400		$ 58,900
Unrecognized tax benefits including interest and penalties that would affect effective tax rate	$ 12,300		12,300		12,700
Interest and penalties			$ 2,300		$ 1,400

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

Balance Sheet Components

9 Months Ended

Oct. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Balance Sheet Components

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	October 31, 2024		January 31, 2024
Data center and other computer equipment	$	694,817	$	525,890
Capitalized internal-use software and website development costs	248,397		183,117
Leasehold improvements	42,083		39,168
Purchased software	15,355		10,907
Furniture and equipment	10,289		8,524
Construction in progress	210,581		190,832
	1,221,522		958,438
Less: Accumulated depreciation and amortization	(474,955)		(338,266)
Property and equipment, net	$	746,567	$	620,172

Construction in progress primarily includes data center equipment purchased that has not yet been placed in service. Data center equipment that was purchased but not yet been placed into service was $177.0 million as of October 31, 2024.

Depreciation and amortization expense of property and equipment was $49.0 million and $33.8 million during the three months ended October 31, 2024 and October 31, 2023, respectively, and $137.9 million and $90.0 million during the nine months ended October 31, 2024 and October 31, 2023, respectively.

There was no impairment of property and equipment during the three and nine months ended October 31, 2024 and October 31, 2023. The Company capitalized $27.9 million and $19.8 million in internal-use software and website development costs during the three months ended October 31, 2024 and October 31, 2023, respectively, and $70.4 million and $60.0 million during the nine months ended October 31, 2024 and October 31, 2023, respectively. Amortization expense associated with internal-use software and website development costs totaled $14.8 million and $9.5 million during the three months ended October 31, 2024 and October 31, 2023, respectively, and $41.4 million and $25.4 million during the nine months ended October 31, 2024 and October 31, 2023, respectively. The net book value of capitalized internal-use software and website development costs was $135.8 million and $106.9 million as of October 31, 2024 and January 31, 2024, respectively.

Intangible Assets, Net

Total intangible assets, net consisted of the following (dollars in thousands):


	October 31, 2024						Weighted-Average Remaining Useful Life
	Gross Carrying Amount		Accumulated Amortization		Net Amount
							(in months)
Developed technology	$	144,849	$	57,666	$	87,183	54
Customer relationships	17,029		7,635		9,394		62
Intellectual property and other acquired intangible assets	15,843		3,066		12,777		115
Total	$	177,721	$	68,367	$	109,354


	January 31, 2024						Weighted-Average Remaining Useful Life
	Gross Carrying Amount		Accumulated Amortization		Net Amount
							(in months)
Developed technology	$	131,346	$	41,854	$	89,492	60
Customer relationships	17,027		5,825		11,202		68
Intellectual property and other acquired intangible assets	15,842		2,018		13,824		123
Total	$	164,215	$	49,697	$	114,518

Amortization expense of intangible assets was $6.3 million and $4.6 million during the three months ended October 31, 2024 and October 31, 2023, and $18.7 million and $12.9 million during the nine months ended October 31, 2024 and October 31, 2023, respectively.

The estimated aggregate future amortization expense of intangible assets as of October 31, 2024 was as follows (in thousands):


	Total
Fiscal 2025 (remaining three months)	$	6,332
Fiscal 2026	24,240
Fiscal 2027	22,065
Fiscal 2028	21,552
Fiscal 2029	18,799
Thereafter	16,366
Total amortization expense	$	109,354

Developed technology, customer relationships, intellectual property and other acquired intangible assets are amortized over their estimated useful lives, generally on a straight-line basis, for periods ranging from 2 to 20 years.

Goodwill

The change in goodwill during the nine months ended October 31, 2024 consisted of the following (in thousands):


	Amounts

Goodwill as of January 31, 2024	$	638,041
Goodwill acquired (1)	83,957

Foreign currency translation	18
Goodwill as of October 31, 2024	$	722,016

(1) Goodwill acquired resulted from the acquisition of Flow Security. Refer to Note 9 for additional information.

Accrued Expenses

Accrued expenses consisted of the following (in thousands):


	October 31, 2024		January 31, 2024

Web hosting services	$	50,545	$	40,706
Accrued professional services	28,443		11,867
Accrued marketing	27,387		14,623
Accrued purchases of property and equipment	22,192		16,190
Accrued partner rebates	17,997		4,434
Accrued partner commissions	16,509		13,584
Other accrued expenses	6,658		9,078
Accrued interest expense	4,750		10,375
Accrued health benefits and claims	2,117		5,039
Accrued expenses	$	176,598	$	125,896

Accrued Payroll and Benefits

Accrued payroll and benefits consisted of the following (in thousands):


	October 31, 2024		January 31, 2024
Accrued commissions	$	191,241	$	116,870
Accrued payroll and related expenses	59,475		58,579
Employee Stock Purchase Plan	37,748		22,315
Accrued bonuses	36,425		36,860
Accrued payroll and benefits	$	324,889	$	234,624

Balance Sheet Components - Goodwill (Details) $ in Thousands	9 Months Ended
	Oct. 31, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 638,041
Foreign currency translation	18
Goodwill, ending balance	722,016
Bionic
Goodwill [Roll Forward]
Goodwill acquired	$ 83,957

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

Income Taxes	9 Months Ended
Income Taxes	Oct. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s provision for income taxes during interim reporting periods has generally been calculated using an estimated annual effective tax rate, adjusted for discrete items. When a reliable estimate cannot be made, the actual tax or benefit applicable may be reported as a discrete item in the interim period. For the three and nine months ended October 31, 2024, the Company was unable to reliably estimate the annual effective tax rate for its U.S. jurisdiction, due to the sensitivity of the tax rate as a result of minor changes in forecasted income. As a result, the Company has computed its U.S. tax provision on a discrete basis. The Company recognized income tax expense of $6.3 million and $9.6 million for the three months ended October 31, 2024 and October 31, 2023, respectively, and $24.9 million and $18.6 million for the nine months ended October 31, 2024 and October 31, 2023, respectively. The tax expense for the three and nine months ended October 31, 2024 and October 31, 2023 was primarily attributable to the income tax expense from pre-tax earnings and withholding taxes related to customer payments in certain foreign jurisdictions in which the Company conducts business, offset by the tax benefit for the settlement of certain unrecognized tax benefits. The Company’s effective tax rates of (59.6)% and 26.5% for the three months ended October 31, 2024 and October 31, 2023, respectively, and 24.6% and 34.3% for the nine months ended October 31, 2024 and October 31, 2023, respectively, differ from the U.S. statutory tax rate primarily due to income taxes in foreign jurisdictions, withholding taxes related to customer payments in certain foreign jurisdictions in which the Company conducts business, and valuation allowance in the U.S. and certain foreign jurisdictions. Total gross unrecognized tax benefits were $74.4 million and $58.9 million as of October 31, 2024 and January 31, 2024, respectively, which is primarily attributable to research and development credits. As of October 31, 2024 and January 31, 2024, approximately $12.3 million and $12.7 million, respectively of unrecognized tax benefits, which, if recognized, would affect the Company’s effective tax rate due to the full valuation allowance. The Company’s policy is to classify interest and penalties related to unrecognized tax benefits as part of the income tax provision in the condensed consolidated statements of operations. The Company had incurred $2.3 million and $1.4 million of interest and penalties related to unrecognized tax benefits as of October 31, 2024 and January 31, 2024. The potential change in unrecognized tax benefits during the next 12 months is not expected to be material. In accordance with the guidance on the accounting for uncertainty in income taxes, for all U.S. and other tax jurisdictions, the Company recognizes potential liabilities for anticipated tax audit issues based on the Company’s estimate of whether, and the extent to which, additional taxes and interest will be due. The Company files income tax returns in the U.S. federal, and various state jurisdictions, as well as various foreign jurisdictions. Tax years 2011 and onwards remain subject to examination by taxing authorities. If the Company’s estimate of income tax liabilities proves to be less than the ultimate assessment, a further charge to expense would be required. If events occur and the payment of these amounts ultimately proves to be unnecessary, the reversal of the liabilities would result in tax benefits being recognized in the period when the Company determines the liabilities are no longer necessary. The Company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes in the condensed consolidated statements of operations. Accrued interest and penalties are included within other liabilities, noncurrent on the condensed consolidated balance sheets. The Company maintains a full valuation allowance on U.S. federal and state and certain foreign deferred tax assets, including net operating loss carryforwards and tax credits, which the Company has determined are not realizable on a more-likely-than-not basis. The Company regularly evaluates the need for a valuation allowance.

- Definition

The entire disclosure for income tax.

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-Section S99
-Paragraph 1
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Balance Sheet Components - Accrued Expenses (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Web hosting services	$ 50,545	$ 40,706
Accrued professional services	28,443	11,867
Accrued marketing	27,387	14,623
Accrued purchases of property and equipment	22,192	16,190
Accrued partner rebates	17,997	4,434
Accrued partner commissions	16,509	13,584
Other accrued expenses	6,658	9,078
Accrued interest expense	4,750	10,375
Accrued health benefits and claims	2,117	5,039
Accrued expenses	$ 176,598	$ 125,896

Net Income (Loss) Per Share Attributable to Common Stockholders - Antidilutive Securities (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net income per share (in shares)	12,716	2,540	853	4,516
RSUs and PSUs subject to future vesting
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net income per share (in shares)	11,057	2,436	773	4,105
Shares of common stock issuable from stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net income per share (in shares)	1,309	0	0	3
Share purchase rights under the Employee Stock Purchase Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net income per share (in shares)	350	104	80	408

Debt (Details)			3 Months Ended		9 Months Ended
Debt (Details)	Jan. 06, 2022	Jan. 20, 2021 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Jan. 31, 2024 USD ($)	Jan. 04, 2021 USD ($)	Apr. 30, 2019 USD ($)
A&R Credit Agreement
Line of Credit Facility [Line Items]
Minimum interest coverage ratio			3.00		3.00
Maximum total leverage ratio			5.50		5.50
Maximum total leverage ratio, stepped down			3.50		3.50
A&R Credit Agreement \| Minimum
Line of Credit Facility [Line Items]
Commitment fee	0.15%
A&R Credit Agreement \| Maximum
Line of Credit Facility [Line Items]
Commitment fee	0.25%
3.00% Senior Notes \| Senior Notes
Line of Credit Facility [Line Items]
Aggregate principal amount		$ 750,000,000.0
Stated interest rate		3.00%
Percentage of original principal amount		40.00%
Proceeds from issuance of senior notes, net of debt financing costs		$ 738,000,000.0
Payment for underwriting commissions		9,400,000
Payments of financing costs		$ 2,600,000
Interest expense, amortization of debt issuance costs and accretion of debt discount			$ 6,000,000.0	$ 6,000,000.0	$ 18,000,000.0	$ 18,000,000.0
Debt instrument, fair value			683,600,000		683,600,000		$ 671,200,000
3.00% Senior Notes \| Senior Notes \| Debt Instrument, Redemption, Period Two
Line of Credit Facility [Line Items]
Redemption percentage		101.50%
3.00% Senior Notes \| Senior Notes \| Debt Instrument, Redemption, Period Three
Line of Credit Facility [Line Items]
Redemption percentage		100.75%
3.00% Senior Notes \| Senior Notes \| Debt Instrument, Redemption, Period Four
Line of Credit Facility [Line Items]
Redemption percentage		100.00%
3.00% Senior Notes \| Senior Notes \| Debt Instrument, Redemption, Period Five
Line of Credit Facility [Line Items]
Redemption percentage		101.00%
3.00% Senior Notes \| Senior Notes \| Plus "Make Whole" Premium \| Debt Instrument, Redemption, Period One
Line of Credit Facility [Line Items]
Redemption percentage		100.00%
3.00% Senior Notes \| Senior Notes \| Proceeds From Equity Offering, Provided Principal Amount of Redemptions Does Not Exceed 40% \| Debt Instrument, Redemption, Period One
Line of Credit Facility [Line Items]
Redemption percentage		103.00%
Revolving Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity									$ 150,000,000.0
Unused standby letter of credit			$ 0		$ 0		$ 0
Revolving Line of Credit \| A&R Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity								$ 750,000,000
Incremental borrowing facility								250,000,000
Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity									10,000,000.0
Letter of Credit \| A&R Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity								100,000,000
Swingline
Line of Credit Facility [Line Items]
Maximum borrowing capacity									$ 10,000,000.0
Swingline \| A&R Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity								$ 50,000,000
ABR Loans \| A&R Credit Agreement \| Variable Rate Component Two \| Minimum
Line of Credit Facility [Line Items]
Margin	(0.25%)
ABR Loans \| A&R Credit Agreement \| Variable Rate Component Two \| Maximum
Line of Credit Facility [Line Items]
Margin	0.25%
ABR Loans \| A&R Credit Agreement \| Federal Funds Rate
Line of Credit Facility [Line Items]
Margin	0.50%
ABR Loans \| A&R Credit Agreement \| Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Margin	1.00%

Net Income (Loss) Per Share Attributable to Common Stockholders - Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Numerator:
Net income (loss) attributable to CrowdStrike	$ (16,822)	$ 26,665	$ 73,011	$ 35,628
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders, basic (in shares)	245,536	239,297	244,017	237,890
Dilutive effect of common stock equivalents (in shares)	0	4,502	6,730	4,306
Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders, dilutive (in shares)	245,536	243,799	250,747	242,196
Net income (loss) per share attributable to CrowdStrike common stockholders, basic (in usd per share)	$ (0.07)	$ 0.11	$ 0.30	$ 0.15
Net income (loss) per share attributable to CrowdStrike common stockholders, diluted (in usd per share)	$ (0.07)	$ 0.11	$ 0.29	$ 0.15

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Debt	9 Months Ended
Debt	Oct. 31, 2024
Debt Disclosure [Abstract]
Debt	Debt Secured Revolving Credit Facility In April 2019, the Company entered into a Credit Agreement with Silicon Valley Bank and other lenders, to provide a revolving line of credit of up to $150.0 million, including a letter of credit sub-facility in the aggregate amount of $10.0 million, and a swingline sub-facility in the aggregate amount of $10.0 million. On January 4, 2021, the Company amended and restated its existing credit agreement (the “A&R Credit Agreement” and the facility thereunder the “Revolving Facility”) among CrowdStrike, Inc., as borrower, CrowdStrike Holdings, Inc., as guarantor, and Silicon Valley Bank and the other lenders party thereto, providing the Company with a revolving line of credit of up to $750.0 million, including a letter of credit sub-facility in the aggregate amount of $100.0 million, and a swingline sub-facility in the aggregate amount of $50.0 million. The Company also has the option to request an incremental facility of up to an additional $250.0 million from one or more of the lenders under the A&R Credit Agreement. The A&R Credit Agreement is guaranteed by all of the Company’s material domestic subsidiaries. The A&R Credit Agreement extended the maturity date of April 19, 2022 to January 2, 2026. On January 6, 2022, the Company modified the A&R Credit Agreement (the “Amended A&R Credit Agreement”) among CrowdStrike, Inc., as borrower, CrowdStrike Holdings, Inc., as guarantor, and Silicon Valley Bank and the other lenders party thereto. There were no changes to the borrowing amounts or maturity date. Under the Amended A&R Credit Agreement, revolving loans are Alternate Base Rate (“ABR”) Loans. Outstanding ABR Loans incur interest at the highest of (a) the Prime Rate, as published by the Wall Street Journal, (b) the federal funds rate in effect on such day plus 0.50%, and (c) the Term Secured Overnight Finance Rate (the “Term SOFR”) for a one-month tenor in effect on such day plus 1.00%, in each case plus a margin between (0.25)% and 0.25%, depending on the senior secured leverage ratio. The Company will be charged a commitment fee of 0.15% to 0.25% per year for committed but unused amounts, depending on the senior secured leverage ratio. The financial covenants require the Company to maintain a minimum consolidated interest coverage ratio of 3.00:1.00 and a maximum total leverage ratio of 5.50:1.00 stepping down to 3.50:1.00 over time. The Company was in compliance with all of its financial covenants as of October 31, 2024. The Amended A&R Credit Agreement is secured by substantially all of the Company’s current and future consolidated assets, property and rights, including, but not limited to, intellectual property, cash, goods, equipment, contractual rights, financial assets, and intangible assets of the Company and certain of its subsidiaries. The Amended A&R Credit Agreement contains customary covenants limiting the Company’s ability and the ability of its subsidiaries to, among other things, dispose of assets, undergo a change in control, merge or consolidate, make acquisitions, incur debt, incur liens, pay dividends, repurchase stock, and make investments, in each case subject to certain exceptions. No amounts were outstanding under the Amended A&R Credit Agreement as of October 31, 2024 or January 31, 2024. Senior Notes On January 20, 2021, the Company issued $750.0 million in aggregate principal amount of 3.00% Senior Notes maturing in February 2029 (the “Senior Notes”). The Senior Notes are guaranteed by the Company’s subsidiary, CrowdStrike, Inc. and will be guaranteed by each of the Company’s existing and future domestic subsidiaries that becomes a borrower or guarantor under the A&R Credit Agreement. The Senior Notes were issued at par and bear interest at a rate of 3.00% per annum. Interest payments are payable semiannually on February 15 and August 15 of each year, commencing on August 15, 2021. The Company may voluntarily redeem the Senior Notes, in whole or in part, 1) at any time prior to February 15, 2024 at (a) 100.00% of their principal amount, plus a “make whole” premium or (b) with the net cash proceeds received from an equity offering at a redemption price equal to 103.00% of the principal amount, provided the aggregate principal amount of all such redemptions does not exceed 40% of the original aggregate principal amount of the Senior Notes; 2) at any time on or after February 15, 2024 at a prepayment price equal to 101.50% of the principal amount; 3) at any time on or after February 15, 2025 at a prepayment price equal to 100.75% of the principal amount; and 4) at any time on or after February 15, 2026 at a prepayment price equal to 100.00% of the principal amount; in each case, plus accrued and unpaid interest, if any, to but excluding, the date of redemption. The net proceeds from the debt offering were $738.0 million after deducting the underwriting commissions of $9.4 million and $2.6 million of issuance costs. The debt issuance costs are being amortized to interest expense using the effective interest method over the term of the Senior Notes. Interest expense related to contractual interest expense, amortization of debt issuance costs, and accretion of debt discount was $6.0 million during the three months ended October 31, 2024 and 2023 and $18.0 million during the nine months ended October 31, 2024 and 2023. In certain circumstances involving a change of control event, the Company will be required to make an offer to repurchase all or, at the holder’s option, any part, of each holder’s notes of that series at 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. The indenture governing the Senior Notes (the “Indenture”) contains covenants limiting the Company’s ability and the ability of its subsidiaries to create liens on certain assets to secure debt; grant a subsidiary guarantee of certain debt without also providing a guarantee of the Senior Notes; declare dividends; and consolidate or merge with or into, or sell or otherwise dispose of all or substantially all of its assets to, another person. These covenants are subject to a number of limitations and exceptions. Certain of these covenants will not apply during any period in which the notes are rated investment grade by Fitch Ratings, Inc. (“Fitch”), Moody’s Investors Service, Inc. (“Moody’s”), and Standard & Poor’s Ratings Services (“S&P”). As of October 31, 2024, the Company was in compliance with all of its financial covenants under the Indenture associated with the Senior Notes. Based on the trading prices of the Senior Notes, the fair value of the Senior Notes was approximately $683.6 million and $671.2 million as of October 31, 2024 and January 31, 2024, respectively. While the Senior Notes are recorded at cost, the fair value of the Senior Notes was determined based on quoted prices in markets that are not active; accordingly, the Senior Notes are categorized as Level 2 for purposes of the fair value measurement hierarchy.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Revenue, Deferred Revenue and Remaining Performance Obligations (Tables)

9 Months Ended

Oct. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Revenue from Contracts by Type and Region

The following table summarizes revenue by region based on the shipping address of customers who have contracted to use the Company’s platform or service (in thousands, except percentages):


	Three Months Ended October 31,								Nine Months Ended October 31,
	2024				2023				2024				2023
	Amount		% Revenue		Amount		% Revenue		Amount		% Revenue		Amount		% Revenue

United States	$	683,476	68	%	$	537,880	69	%	$	1,968,503	68	%	$	1,513,569	69	%
Europe, Middle East, and Africa	160,574		16	%	119,158		15	%	451,037		16	%	335,619		15	%
Asia Pacific	102,837		10	%	81,459		10	%	294,573		10	%	228,876		10	%
Other	63,291		6	%	47,517		6	%	180,973		6	%	132,156		6	%
Total revenue	$	1,010,178	100	%	$	786,014	100	%	$	2,895,086	100	%	$	2,210,220	100	%

Schedule of Changes in Deferred Revenue

Changes in deferred revenue were as follows (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023

	Carrying Amount				Carrying Amount
Beginning balance	$	3,093,197	$	2,507,642	$	3,054,099	$	2,355,113
Additions to deferred revenue	1,113,499		821,488		3,037,505		2,398,223
Recognition of deferred revenue	(1,010,178)		(786,014)		(2,895,086)		(2,210,220)
Ending balance	$	3,196,518	$	2,543,116	$	3,196,518	$	2,543,116

Schedule of Deferred Contract Acquisition Costs

The following table summarizes the activity of deferred contract acquisition costs (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023

Beginning balance	$	592,785	$	458,685	$	582,303	$	447,088

Capitalization of contract acquisition costs	203,079		84,671		361,412		209,145
Amortization of deferred contract acquisition costs	(79,862)		(60,281)		(227,713)		(173,158)
Ending balance	$	716,002	$	483,075	$	716,002	$	483,075

Deferred contract acquisition costs, current	$	294,229	$	209,216	$	294,229	$	209,216
Deferred contract acquisition costs, noncurrent	421,773		273,859		421,773		273,859
Total deferred contract acquisition costs	$	716,002	$	483,075	$	716,002	$	483,075

Commitments and Contingencies - Additional Information (Details)		1 Months Ended
	Nov. 06, 2024	Sep. 20, 2024 lawsuit	Sep. 30, 2022 patent	May 31, 2022 patent	Mar. 31, 2022 patent	Oct. 31, 2024 USD ($)	Jan. 31, 2024 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of lawsuits \| lawsuit		3
Number of patents allegedly infringed upon by company \| patent			6		6
Number of patents allegedly infringed upon by counterparty \| patent				2
Liabilities accrued \| $						$ 0	$ 0
Subsequent Event
Financing Receivable, Allowance for Credit Loss [Line Items]
Period to file consolidated complaint	30 days
Unfunded Loan Commitment
Financing Receivable, Allowance for Credit Loss [Line Items]
Non cancellable loan commitments \| $						$ 49,300,000

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Revenue
Total revenue	$ 1,010,178	$ 786,014	$ 2,895,086	$ 2,210,220
Cost of revenue
Total cost of revenue	255,087	195,004	717,491	547,151
Gross profit	755,091	591,010	2,177,595	1,663,069
Operating expenses
Sales and marketing	408,267	286,186	1,113,852	850,209
Research and development	275,602	196,072	761,759	554,499
General and administrative	126,945	105,589	337,113	290,027
Total operating expenses	810,814	587,847	2,212,724	1,694,735
Income (loss) from operations	(55,723)	3,163	(35,129)	(31,666)
Interest expense	(6,587)	(6,503)	(19,647)	(19,334)
Interest income	52,201	40,086	149,577	107,245
Other income (expense), net	(429)	(474)	6,196	(1,978)
Income (loss) before provision for income taxes	(10,538)	36,272	100,997	54,267
Provision for income taxes	6,281	9,603	24,862	18,623
Net income (loss)	(16,819)	26,669	76,135	35,644
Net income attributable to non-controlling interest	3	4	3,124	16
Net income (loss) attributable to CrowdStrike	$ (16,822)	$ 26,665	$ 73,011	$ 35,628
Net income (loss) per share attributable to CrowdStrike common stockholders:
Basic (in usd per share)	$ (0.07)	$ 0.11	$ 0.30	$ 0.15
Diluted (in usd per share)	$ (0.07)	$ 0.11	$ 0.29	$ 0.15
Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders:
Basic (in shares)	245,536	239,297	244,017	237,890
Diluted (in shares)	245,536	243,799	250,747	242,196
Subscription
Revenue
Total revenue	$ 962,735	$ 733,463	$ 2,753,164	$ 2,074,610
Cost of revenue
Total cost of revenue	216,301	159,830	605,868	455,236
Professional services
Revenue
Total revenue	47,443	52,551	141,922	135,610
Cost of revenue
Total cost of revenue	$ 38,786	$ 35,174	$ 111,623	$ 91,915

Investments and Fair Value Measurements

9 Months Ended

Oct. 31, 2024

Fair Value Disclosures [Abstract]

Investments and Fair Value Measurements

The Company follows ASC 820, Fair Value Measurements, with respect to cash equivalents, short-term investments, and deferred compensation investments that are measured at fair value on a recurring basis. Under the standard, fair value is defined as the exit price, or the amount that would be received to sell an asset or a liability in an orderly transaction between market participants as of the measurement date. The standard also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability based upon the best information available in the circumstances.

The hierarchy is broken down into three levels as follows:

Level 1 Assets and liabilities whose values are based on unadjusted quoted market prices for identical assets and liabilities in active markets

Level 2 Assets and liabilities whose values are based on quoted prices in markets that are not active or inputs that are observable for substantially the full term of the asset or liability

Level 3 Assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement

Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis are as follows (in thousands):


	October 31, 2024								January 31, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total

Assets
Cash equivalents
Money market funds	$	1,460,037	$	—	$	—	$	1,460,037	$	2,360,173	$	—	$	—	$	2,360,173

U.S. Treasury securities	—		2,488,351		—		2,488,351		—		693,599		—		693,599
Short-term investments
U.S. Treasury securities	—		—		—		—		—		99,591		—		99,591
Other assets
Deferred compensation investments	4,459		—		—		4,459		2,271		—		—		2,271
Total assets	$	1,464,496	$	2,488,351	$	—	$	3,952,847	$	2,362,444	$	793,190	$	—	$	3,155,634

There were no transfers between the levels of the fair value hierarchy during the periods presented.

As of October 31, 2024 and January 31, 2024, the Company’s U.S. Treasury securities were carried at fair value and there were no material realized or unrealized gains or losses, either individually or in aggregate.

Strategic Investments

The Company’s investments of privately held securities as of October 31, 2024, consisted of the following (in thousands):


	Privately held equity securities		Privately held debt and other securities		Total
Initial total cost	$	62,842	$	1,000	$	63,842
Cumulative net gains	4,404		—		4,404
Carrying amount, end of period	$	67,246	$	1,000	$	68,246

The Company’s investments of privately held securities as of January 31, 2024, consisted of the following (in thousands):


	Privately held equity securities		Privately held debt and other securities		Total
Initial total cost	$	50,373	$	1,000	$	51,373
Cumulative net gains	4,871		—		4,871
Carrying amount, end of period	$	55,244	$	1,000	$	56,244

As of October 31, 2024, the cumulative net gains of $4.4 million are comprised of upward adjustments of $8.8 million, less downward adjustments and impairment of $4.4 million. As of January 31, 2024, the cumulative net gains of $4.9 million are comprised of upward adjustments of $9.3 million, less downward adjustments and impairment of $4.4 million.

Gains on Strategic Investments

The components of gains on strategic investments were as follows (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023
Realized gains recognized on sales of privately held equity securities	$	—	$	—	$	6,227	$	—

Gains on strategic investments	$	—	$	—	$	6,227	$	—

Realized gains recognized on sales of privately held equity securities reflect the difference between the sale proceeds and the carrying value of the security at the beginning of the period or the purchase date, if later.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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+ Details

Cover - shares	9 Months Ended
Cover - shares	Oct. 31, 2024	Nov. 15, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2024
Document Transition Report	false
Entity File Number	001-38933
Entity Registrant Name	CROWDSTRIKE HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3788918
Entity Address, Address Line One	206 E. 9th Street
Entity Address, Address Line Two	Suite 1400
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78701
City Area Code	888
Local Phone Number	512-8906
Title of 12(b) Security	Class A common stock, par value $0.0005 per share
Trading Symbol	CRWD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001535527
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Amendment Flag	false
Current Fiscal Year End Date	--01-31
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		233,851,230
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		12,460,182

Net Income (Loss) Per Share Attributable to Common Stockholders

9 Months Ended

Oct. 31, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Share Attributable to Common Stockholders

Basic and diluted net income (loss) per share attributable to CrowdStrike’s common stockholders is computed in conformity with the two-class method required for participating securities. Basic net income (loss) per share attributable to CrowdStrike common stockholders is computed by dividing the net income (loss) attributable to CrowdStrike by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share attributable to CrowdStrike common stockholders is calculated by dividing net income by the combination of the weighted-average number of common shares outstanding and the effect of the weighted-average number of dilutive common share equivalents during the period. The dilutive potential shares of common stock are comprised of outstanding stock options, RSUs, PSUs, Special PSUs, ESPP obligations, and founder holdbacks, and are computed using the treasury stock method. The effects of the outstanding stock options, RSUs, PSUs, Special PSUs, ESPP obligations, and founders holdbacks are excluded from the computation of the diluted net income per share in periods in which the effect would be anti-dilutive. Diluted net loss per share is the same as basic net loss per share for the three months ended October 31, 2024 because the effects of potentially dilutive items were antidilutive given the Company’s net loss position during the three months ended October 31, 2024.

The rights of the holders of Class A and Class B common stock are identical, except with the respect to voting and conversion rights. As such, the undistributed earnings are allocated equally to each share of common stock without class distinction and the resulting basic and diluted net income per share attributable to CrowdStrike common stockholders are the same for shares of Class A and Class B common stock.

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to CrowdStrike common stockholders (in thousands, except per share data):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023
Numerator:
Net income (loss) attributable to CrowdStrike	$	(16,822)	$	26,665	$	73,011	$	35,628
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders, basic	245,536		239,297		244,017		237,890
Dilutive effect of common stock equivalents	—		4,502		6,730		4,306
Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders, dilutive	245,536		243,799		250,747		242,196
Net income (loss) per share attributable to CrowdStrike common stockholders, basic	$	(0.07)	$	0.11	$	0.30	$	0.15
Net income (loss) per share attributable to CrowdStrike common stockholders, diluted	$	(0.07)	$	0.11	$	0.29	$	0.15

The potential shares of common stock that were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows (in thousands):


	Three Months Ended October 31,		Nine Months Ended October 31,
	2024	2023	2024	2023

RSUs and PSUs subject to future vesting	11,057	2,436	773	4,105
Shares of common stock issuable from stock options	1,309	—	—	3
Share purchase rights under the Employee Stock Purchase Plan	350	104	80	408
Potential common shares excluded from diluted net income per share	12,716	2,540	853	4,516

The above table excludes founder holdbacks related to business combinations where a variable number of shares will be issued upon vesting to settle a fixed monetary amount of $19.3 million, contingent upon continued employment with the Company. The share price will be determined based on the Company’s average stock price or the volume weighted average stock price five days prior to each vesting date. During the three and nine months ended October 31, 2024, 3,316 shares and 8,356 shares, respectively, were issued to settle founder holdbacks at a weighted average price of $268.05 per share and $319.12 per share, respectively.

The above table also excludes 482,605 and 503,669 weighted average shares of in progress PSUs and Special PSUs where pre-defined targets have not yet been achieved during the three and nine months ended October 31, 2024, respectively.

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Non-controlling Interest
Beginning balance (in shares) at Jan. 31, 2023		235,777
Beginning balance at Jan. 31, 2023	$ 1,487,434	$ 118	$ 2,612,705	$ (1,148,163)	$ (1,019)	$ 23,793
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of options (in shares)		846
Issuance of common stock upon exercise of options	6,176	$ 1	6,175
Issuance of common stock under RSU and PSU release (in shares)		2,899
Issuance of common stock under employee stock purchase plan (in shares)		450
Issuance of common stock under employee stock purchase plan	45,432	$ 1	45,431
Issuance of common stock for restricted stock awards (in shares)		125
Issuance of common stock for founders holdbacks related to acquisitions (in shares)		23
Issuance of common stock for founders holdbacks related to acquisitions	3,426		3,426
Issuance of common stock for payment of board of director fees (in shares)		2
Issuance of common stock for payment of board of director fees	255		255
Stock-based compensation expense, net of founder revest	451,590		451,590
Capitalized stock-based compensation	26,411		26,411
Fair value of replacement equity awards attributable to pre-acquisition service	652		652
Net income (loss)	35,644			35,628		16
Non-controlling interest	8,088					8,088
Other comprehensive income (loss)	(4,261)				(4,261)
Ending balance (in shares) at Oct. 31, 2023		240,122
Ending balance at Oct. 31, 2023	2,060,847	$ 120	3,146,645	(1,112,535)	(5,280)	31,897
Beginning balance (in shares) at Jul. 31, 2023		238,775
Beginning balance at Jul. 31, 2023	1,870,100	$ 119	2,976,375	(1,139,200)	913	31,893
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of options (in shares)		261
Issuance of common stock upon exercise of options	2,051	$ 1	2,050
Issuance of common stock under RSU and PSU release (in shares)		955
Issuance of common stock for restricted stock awards (in shares)		125
Issuance of common stock for founders holdbacks related to acquisitions (in shares)		5
Issuance of common stock for founders holdbacks related to acquisitions	888		888
Issuance of common stock for payment of board of director fees (in shares)		1
Issuance of common stock for payment of board of director fees	88		88
Stock-based compensation expense, net of founder revest	158,649		158,649
Capitalized stock-based compensation	7,943		7,943
Fair value of replacement equity awards attributable to pre-acquisition service	652		652
Net income (loss)	26,669			26,665		4
Other comprehensive income (loss)	(6,193)				(6,193)
Ending balance (in shares) at Oct. 31, 2023		240,122
Ending balance at Oct. 31, 2023	2,060,847	$ 120	3,146,645	(1,112,535)	(5,280)	31,897
Beginning balance (in shares) at Jan. 31, 2024		241,865
Beginning balance at Jan. 31, 2024	$ 2,337,089	$ 121	3,364,328	(1,058,836)	(1,663)	33,139
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of options (in shares)	416	416
Issuance of common stock upon exercise of options	$ 3,308		3,308
Issuance of common stock under RSU and PSU release (in shares)		3,502
Issuance of common stock under RSU and PSU release	0	$ 3	(3)
Issuance of common stock under employee stock purchase plan (in shares)		518
Issuance of common stock under employee stock purchase plan	56,099		56,099
Issuance of common stock for founders holdbacks related to acquisitions (in shares)		8
Issuance of common stock for founders holdbacks related to acquisitions	2,667		2,667
Issuance of common stock for payment of board of director fees	261		261
Stock-based compensation expense, net of founder revest	586,598		586,598
Capitalized stock-based compensation	31,934		31,934
Fair value of replacement equity awards attributable to pre-acquisition service	468		468
Net income (loss)	76,135			73,011		3,124
Non-controlling interest	1,415					1,415
Other comprehensive income (loss)	(363)				(363)
Ending balance (in shares) at Oct. 31, 2024		246,309
Ending balance at Oct. 31, 2024	3,095,611	$ 124	4,045,660	(985,825)	(2,026)	37,678
Beginning balance (in shares) at Jul. 31, 2024		245,122
Beginning balance at Jul. 31, 2024	2,890,590	$ 123	3,824,897	(969,003)	(3,102)	37,675
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of options (in shares)		116
Issuance of common stock upon exercise of options	844		844
Issuance of common stock under RSU and PSU release (in shares)		1,068
Issuance of common stock under RSU and PSU release	0	$ 1	(1)
Issuance of common stock for founders holdbacks related to acquisitions (in shares)		3
Issuance of common stock for founders holdbacks related to acquisitions	889		889
Issuance of common stock for payment of board of director fees	86		86
Stock-based compensation expense, net of founder revest	206,489		206,489
Capitalized stock-based compensation	12,456		12,456
Net income (loss)	(16,819)			(16,822)		3
Other comprehensive income (loss)	1,076				1,076
Ending balance (in shares) at Oct. 31, 2024		246,309
Ending balance at Oct. 31, 2024	$ 3,095,611	$ 124	$ 4,045,660	$ (985,825)	$ (2,026)	$ 37,678

Stock-Based Compensation (Tables)

9 Months Ended

Oct. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table is a summary of stock option activity for the nine months ended October 31, 2024:


	Number of Shares	Weighted-Average Exercise Price Per Share
	(in thousands)
Options outstanding at January 31, 2024	1,754	$	9.37
Granted	14	$	3.25
Exercised	(416)	$	7.95
Canceled	(18)	$	12.43
Options outstanding at October 31, 2024	1,334	$	9.74
Options vested and expected to vest at October 31, 2024	1,334	$	9.74
Options exercisable at October 31, 2024	1,309	$	9.66

Schedule of RSU, PSU and Special PSU Awards Activity

The following table is a summary of RSUs, PSUs and the Special PSU Awards activities for the nine months ended October 31, 2024:


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
	(in thousands)
RSUs and PSUs outstanding at January 31, 2024	10,968	$	167.84
Granted	4,719	$	302.18
Released	(3,502)	$	161.19
Performance adjustment (1)	241	$	132.83
Forfeited	(579)	$	197.03
RSUs and PSUs outstanding at October 31, 2024	11,847	$	221.18
RSUs and PSUs expected to vest at October 31, 2024 (2)	11,057	$	220.13

(1)The performance adjustment represents adjustments in shares outstanding due to the actual achievement of performance-based awards, the achievement of which was based upon pre-defined financial performance targets.

(2)Excludes in progress PSUs and Special PSUs where pre-defined targets have not yet been achieved.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine the fair value of employee stock purchase rights granted under the Company’s ESPP:


	Nine Months Ended October 31,
	2024		2023
Expected term (in years)	0.5 – 2.0		0.5 – 2.0
Risk-free interest rate	3.4% – 5.3%		0.2% – 5.2%
Expected stock price volatility	40.8% – 59.8%		46.3% – 61.2%
Dividend yield	—	%	—	%

Schedule of Stock-based Compensation Expense

Stock-based compensation expense included in the condensed consolidated statements of operations is as follows (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023

Subscription cost of revenue	$	18,613	$	11,477	$	49,261	$	30,575
Professional services cost of revenue	7,498		5,645		21,115		16,020
Sales and marketing	56,251		42,544		165,914		129,725
Research and development	81,874		52,388		224,467		143,754
General and administrative	44,652		47,560		132,133		135,173
Total stock-based compensation expense	$	208,888	$	159,614	$	592,890	$	455,247

Investments and Fair Value Measurements - Gains on Strategic Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Fair Value Disclosures [Abstract]
Realized gains recognized on sales of privately held equity securities	$ 0	$ 0	$ 6,227	$ 0
Gains on strategic investments	$ 0	$ 0	$ 6,227	$ 0

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Operating activities
Net income	$ 76,135	$ 35,644
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	137,851	89,972
Amortization of intangible assets	18,665	12,913
Amortization of deferred contract acquisition costs	227,713	173,158
Non-cash operating lease cost	11,100	9,725
Stock-based compensation expense	592,890	455,247
Deferred income taxes	(2,122)	(2,355)
Realized gains on strategic investments	(6,227)	0
Non-cash interest expense	2,748	2,337
Accretion of short-term investments purchased at a discount	2,285	(1,934)
Changes in operating assets and liabilities, net of impact of acquisitions
Accounts receivable, net	39,184	65,858
Deferred contract acquisition costs	(361,412)	(206,678)
Prepaid expenses and other assets	(42,832)	(21,972)
Accounts payable	34,096	2,361
Accrued expenses and other liabilities	85,667	33,597
Accrued payroll and benefits	89,896	1,810
Operating lease liabilities	(11,812)	(16,147)
Deferred revenue	142,180	185,655
Net cash provided by operating activities	1,036,005	819,191
Investing activities
Purchases of property and equipment	(167,641)	(123,945)
Capitalized internal-use software and website development costs	(41,266)	(38,605)
Purchases of strategic investments	(12,702)	(12,177)
Proceeds from sales of strategic investments	10,895	0
Business acquisitions, net of cash acquired	(96,381)	(238,749)
Purchases of intangible assets	0	(526)
Purchases of short-term investments	0	(195,581)
Proceeds from maturities and sales of short-term investments	97,300	250,000
Purchases of deferred compensation investments	(1,815)	(1,462)
Proceeds from sales of deferred compensation investments	41	0
Net cash used in investing activities	(211,569)	(361,045)
Financing activities
Proceeds from the issuance of common stock upon exercise stock options	3,308	6,178
Proceeds from issuance of common stock under the employee stock purchase plan	56,099	45,432
Distributions to non-controlling interest holders	(4,085)	0
Capital contributions from non-controlling interest holders	5,500	8,088
Net cash provided by financing activities	60,822	59,698
Effect of foreign exchange rates on cash, cash equivalents and restricted cash	(641)	(3,411)
Net increase in cash, cash equivalents and restricted cash	884,617	514,433
Cash, cash equivalents and restricted cash at beginning of period	3,377,597	2,456,924
Cash, cash equivalents and restricted cash at end of period	4,262,214	2,971,357
Cash and cash equivalents	4,260,324	2,968,872
Restricted cash included in prepaid expenses and other assets	1,890	2,485
Total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows	4,262,214	2,971,357
Supplemental disclosure of cash flow information:
Interest paid	22,500	22,500
Income taxes paid, net of refunds received	14,195	17,911
Supplemental disclosure of non-cash investing and financing activities:
Net increase (decrease) in property and equipment included in accounts payable and accrued expenses	22,811	(5,866)
Equity consideration for acquisitions	468	652
Operating lease liabilities arising from obtaining operating right-of-use assets	7,009	21,883
Proceeds from sales of strategic investments not yet received	4,808	0
Stock-based compensation included in capitalized software development costs and fixed assets	31,934	23,944
Noncash consideration for the purchase of strategic investments	3,319	0
Noncash consideration received from sales of strategic investments	$ 3,319	$ 0

Balance Sheet Components (Tables)

9 Months Ended

Oct. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	October 31, 2024		January 31, 2024
Data center and other computer equipment	$	694,817	$	525,890
Capitalized internal-use software and website development costs	248,397		183,117
Leasehold improvements	42,083		39,168
Purchased software	15,355		10,907
Furniture and equipment	10,289		8,524
Construction in progress	210,581		190,832
	1,221,522		958,438
Less: Accumulated depreciation and amortization	(474,955)		(338,266)
Property and equipment, net	$	746,567	$	620,172

Schedule of Intangible Assets, Net

Intangible Assets, Net

Total intangible assets, net consisted of the following (dollars in thousands):


	October 31, 2024						Weighted-Average Remaining Useful Life
	Gross Carrying Amount		Accumulated Amortization		Net Amount
							(in months)
Developed technology	$	144,849	$	57,666	$	87,183	54
Customer relationships	17,029		7,635		9,394		62
Intellectual property and other acquired intangible assets	15,843		3,066		12,777		115
Total	$	177,721	$	68,367	$	109,354


	January 31, 2024						Weighted-Average Remaining Useful Life
	Gross Carrying Amount		Accumulated Amortization		Net Amount
							(in months)
Developed technology	$	131,346	$	41,854	$	89,492	60
Customer relationships	17,027		5,825		11,202		68
Intellectual property and other acquired intangible assets	15,842		2,018		13,824		123
Total	$	164,215	$	49,697	$	114,518

Schedule of Estimated Aggregate Future Amortization Expense of Intangible Assets

The estimated aggregate future amortization expense of intangible assets as of October 31, 2024 was as follows (in thousands):


	Total
Fiscal 2025 (remaining three months)	$	6,332
Fiscal 2026	24,240
Fiscal 2027	22,065
Fiscal 2028	21,552
Fiscal 2029	18,799
Thereafter	16,366
Total amortization expense	$	109,354

Schedule of Goodwill

The change in goodwill during the nine months ended October 31, 2024 consisted of the following (in thousands):


	Amounts

Goodwill as of January 31, 2024	$	638,041
Goodwill acquired (1)	83,957

Foreign currency translation	18
Goodwill as of October 31, 2024	$	722,016

(1) Goodwill acquired resulted from the acquisition of Flow Security. Refer to Note 9 for additional information.

Schedule of Accrued Expenses

Accrued expenses consisted of the following (in thousands):


	October 31, 2024		January 31, 2024

Web hosting services	$	50,545	$	40,706
Accrued professional services	28,443		11,867
Accrued marketing	27,387		14,623
Accrued purchases of property and equipment	22,192		16,190
Accrued partner rebates	17,997		4,434
Accrued partner commissions	16,509		13,584
Other accrued expenses	6,658		9,078
Accrued interest expense	4,750		10,375
Accrued health benefits and claims	2,117		5,039
Accrued expenses	$	176,598	$	125,896

Schedule of Accrued Payroll and Benefits

Accrued payroll and benefits consisted of the following (in thousands):


	October 31, 2024		January 31, 2024
Accrued commissions	$	191,241	$	116,870
Accrued payroll and related expenses	59,475		58,579
Employee Stock Purchase Plan	37,748		22,315
Accrued bonuses	36,425		36,860
Accrued payroll and benefits	$	324,889	$	234,624

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Section 50
-Paragraph 1
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Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Commitments and Contingencies

9 Months Ended

Oct. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

July 19 Incident

On July 19, 2024, the Company released a content configuration update for its Falcon sensor that resulted in system crashes for certain Windows systems (the “July 19 Incident”). The Company is subject to a number of legal proceedings in connection with the July 19 Incident, including:

•On July 30, 2024, a putative class action lawsuit was filed against the Company and certain of the Company’s officers in federal court in the Western District of Texas alleging violations of federal securities laws, including that the defendants made false or misleading statements. The complainants seek certification of a class of all persons who purchased or otherwise acquired the Company’s securities during specified periods of time and are seeking unspecified monetary damages, costs and attorneys’ fees.

•On August 5, 2024, a putative class action lawsuit was filed against CrowdStrike, Inc. in federal court in the Western District of Texas alleging, among other things, negligence and violations of the California Unfair Competition Law. The complainants seek certification of a nationwide class, as well as sub-classes of certain California, Ohio, and Pennsylvania citizens, who had a flight delayed or canceled during a specified period of time and are seeking unspecified monetary damages, certain injunctive relief, costs and attorneys’ fees. On November 6, 2024, this lawsuit was consolidated with the August 19, 2024 lawsuit described below, and interim class counsel was appointed. A consolidated complaint is required to be filed within 30 days of the consolidation order.

•On August 19, 2024, a putative class action lawsuit was filed against the Company and CrowdStrike, Inc. in federal court in the Western District of Texas alleging, among other things, negligence in the design and testing of the Falcon sensor and tortious interference between certain airline customers and their airline. The complainants seek certification of a nationwide class (or alternatively a class of Iowa citizens) who had a flight delayed or canceled on a specified airline during a specific period of time and are seeking unspecified monetary damages, costs and attorneys’ fees. On November 6, 2024, this lawsuit was consolidated with the lawsuit filed on August 5, 2024 described above and was administratively closed.

•On September 4, September 11, and September 20, 2024, three derivative lawsuits were filed against certain of the Company’s officers and directors, and against the Company as nominal defendant, in federal court in the Western District of Texas alleging breach of fiduciary duty under Delaware law and violations of federal securities laws, including that the defendants made false or misleading statements in violation of Sections 10(b) and 14(a) of the Exchange Act and SEC Rules 10b-5 and 14a-9. One of the lawsuits also brings a claim against certain of the defendants for contribution under Sections 10(b) and 21D of the Exchange Act. The complainants seek monetary and non-monetary relief purportedly on behalf of the Company.

•On October 25, 2024, Delta Airlines, Inc. (“Delta”) filed a complaint against CrowdStrike, Inc. in the Superior Court for Fulton County, Georgia, alleging, among other things, computer trespass, trespass to personalty, breach of contract, intentional misrepresentation/fraud by omission, strict-liability product defect, gross negligence, and deceptive and unfair business practices. Delta is seeking unspecified monetary damages, attorneys’ fees and unspecified punitive damages. On November 22, 2024, CrowdStrike, Inc. filed an unopposed motion to transfer the case to the Metro Atlanta Business Case Division.

Additionally, some customers and third parties have asserted claims or publicly threatened litigation against the Company. The Company has also received inquiries from governmental authorities and other third parties related to the July 19 Incident. The Company is cooperating and providing information in connection with these inquiries.

For any claims and legal proceedings for which the Company believes a liability is both probable and reasonably estimable, the Company records a liability in the period for which it makes this determination. For claims and legal proceedings where a loss may be reasonably possible, but not probable, or is probable but not reasonably estimable, no accrual is established. While the Company believes it is reasonably possible that it could incur losses associated with the claims, proceedings and inquiries described above, it is not possible to estimate the amount of any loss or range of possible loss that might result from adverse judgments, settlements, penalties or other resolutions of these claims, proceedings and inquiries based on their early stage, and the lack of resolution on significant factual and legal issues. Because the final outcome of any of these matters cannot be predicted with certainty, unfavorable or unexpected developments or outcomes could result in a material impact to the Company’s results of operations.

The Company expects to incur significant legal and professional services and other expenses associated with the July 19 Incident in future periods. These expenses will be recognized as incurred. Certain costs may be recoverable under the Company’s insurance policies in effect at the date of the July 19 Incident. Any amounts recoverable under such policies will be reflected in future periods in which recovery is considered probable.

Amounts accrued and expenses incurred, net of insurance receivable recorded, relating to the July 19 Incident during the three months ended October 31, 2024 were as follows (in thousands):



	Amounts
Balance at July 31, 2024	$	4,291
Expenses incurred, net of insurance receivable recorded (1)	33,922
Payments made/ cash received	(16,404)
Balance at October 31, 2024	$	21,809

Amounts accrued and expenses incurred, net of insurance receivable recorded, relating to the July 19 Incident during the nine months ended October 31, 2024 were as follows (in thousands):



	Amounts
Balance at January 31, 2024	$	—
Expenses incurred, net of insurance receivable recorded (1)	39,054
Payments made/ cash received	(17,245)
Balance at October 31, 2024	$	21,809

(1) These expenses were included in the Company’s condensed consolidated statements of operations as sales and marketing expenses, research and development expenses, and general and administrative expenses. Accruals were recorded in accrued expenses in the Company’s condensed consolidated balance sheets. Insurance receivable was recorded in prepaid expenses and other current assets in the Company's condensed consolidated balance sheets.

Other Legal Proceedings

In March 2022, Webroot, Inc. and Open Text, Inc. (collectively, “Webroot”) filed a lawsuit against the Company and CrowdStrike, Inc. in federal court in the Western District of Texas alleging that certain of the Company’s products infringe six patents held by them. In the complaint, Webroot sought unspecified damages, attorneys’ fees and a permanent injunction. In May 2022, CrowdStrike, Inc. asserted counterclaims alleging that certain of Webroot’s products infringe two of its patents. In the filing, CrowdStrike, Inc. sought unspecified damages, reasonable fees and costs, and a permanent injunction. In September 2022, Webroot amended its complaint to assert six additional patents. In November 2023, CrowdStrike, Inc. entered into an agreement that provided for, among other things, the settlement and dismissal of the parties’ claims and filed for dismissal. The amount attributable to the settlement was not material.

In addition, the Company is involved in various other legal proceedings and subject to claims that arise in the ordinary course of business. For any claims for which the Company believes a liability is both probable and reasonably estimable, the Company records a liability in the period for which it makes this determination. Other than as discussed above, there is no pending or threatened legal proceeding to which the Company is a party that, in the Company’s opinion, is reasonably possible to have a material effect on its condensed consolidated financial statements; however, the results of litigation and claims are inherently unpredictable. Regardless of the outcome, litigation can have an adverse impact on the Company’s business because of defense and settlement costs, diversion of management resources, and other factors. In addition, the costs of litigation and the timing of these costs from period to period are difficult to estimate, subject to change and could adversely affect the Company’s condensed consolidated financial statements.

Purchase Obligations

In the normal course of business, the Company enters into non-cancellable purchase commitments with various parties to purchase products and services such as data center capacity, advertising, technology, equipment, office renovations, corporate events, and consulting services. A summary of non-cancellable purchase obligations in excess of one year as of October 31, 2024, with expected date of payment is as follows (in thousands):


	Total Commitments

Fiscal 2025 (remaining three months)	$	121,148
Fiscal 2026	548,720
Fiscal 2027	542,639
Fiscal 2028	544,780
Fiscal 2029	545,831
Thereafter	493,489
Total purchase commitments	$	2,796,607

Unfunded Loan Commitments

The Company provides financing arrangements for certain qualified end-users to purchase its products and services. When the Company enters into these financing arrangements with the end-users, the funds provided by the Company for the sales transactions do not always occur immediately upon signing, depending on the terms of the arrangements. The Company estimates an allowance for credit losses on these off-balance sheet credit exposures at each reporting period on the contractual period over which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. As of October 31, 2024, the Company had non-cancellable unfunded commitments totaling approximately $49.3 million.

Warranties and Indemnification

The Company’s cloud computing services are typically warranted to perform in a manner consistent with general industry standards that are reasonably applicable and materially in accordance with the Company’s online help documentation under normal use and circumstances. In addition, for its Falcon Complete customers, the Company offers a limited warranty, subject to certain conditions, to cover certain costs incurred by the customer in case of a cybersecurity breach. The Company has entered into an insurance policy to reduce its potential liability arising from such limited warranty arrangements. The Company’s customer arrangements generally include certain provisions for indemnifying customers against losses suffered or incurred as a result of third-party claims that the Company’s products or services infringe a third party’s intellectual property rights. From time to time, the Company has also agreed to certain other indemnifications and warranties. The Company has not incurred any material costs because of such obligations and has not accrued any liabilities related to such obligations in the condensed consolidated financial statements as of October 31, 2024 or January 31, 2024.

The Company has also agreed to indemnify its directors and certain executive officers for costs associated with any fees, expenses, judgments, fines and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that would generally enable the Company to recover a portion of any future amounts paid. The Company may also be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions. No liabilities have been accrued associated with this indemnification provision as of October 31, 2024 or January 31, 2024.

Balance Sheet Components - Property and Equipment, Net (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,221,522	$ 958,438
Less: Accumulated depreciation and amortization	(474,955)	(338,266)
Property and equipment, net	746,567	620,172
Data center and other computer equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	694,817	525,890
Capitalized internal-use software and website development costs
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	248,397	183,117
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	42,083	39,168
Purchased software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15,355	10,907
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	10,289	8,524
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 210,581	$ 190,832

Commitments and Contingencies - Expenses Incurred (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 31, 2024	Oct. 31, 2024
Loss Contingency Accrual [Roll Forward]
Beginning balance	$ 4,291	$ 0
Expenses incurred, net of insurance receivable recorded	33,922	39,054
Payments made/ cash received	(16,404)	(17,245)
Ending balance	$ 21,809	$ 21,809

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Oct. 31, 2024	Jan. 31, 2024
Accounts receivable, allowance for credit losses	$ 1.8	$ 2.2
Preferred stock, par value (in usd per share)	$ 0.0005	$ 0.0005
Preferred stock, authorized (in shares)	100,000,000	100,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Class A common stock
Common stock, par value (in usd per share)	$ 0.0005	$ 0.0005
Common stock, authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, issued (in shares)	233,849,000	229,380,000
Common stock, outstanding (in shares)	233,849,000	229,380,000
Class B common stock
Common stock, par value (in usd per share)	$ 0.0005	$ 0.0005
Common stock, authorized (in shares)	300,000,000	300,000,000
Common stock, issued (in shares)	12,460,000	12,485,000
Common stock, outstanding (in shares)	12,460,000	12,485,000

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Current assets:
Cash and cash equivalents	$ 4,260,324	$ 3,375,069
Short-term investments	0	99,591
Accounts receivable, net of allowance for credit losses of $1.8 million and $2.2 million as of October 31, 2024 and January 31, 2024, respectively	813,922	853,105
Deferred contract acquisition costs, current	294,229	246,370
Prepaid expenses and other current assets	203,852	183,172
Total current assets	5,572,327	4,757,307
Strategic investments	68,246	56,244
Property and equipment, net	746,567	620,172
Operating lease right-of-use assets	46,289	48,211
Deferred contract acquisition costs, noncurrent	421,773	335,933
Goodwill	722,016	638,041
Intangible assets, net	109,354	114,518
Other long-term assets	96,386	76,094
Total assets	7,782,958	6,646,520
Current liabilities:
Accounts payable	79,214	28,180
Accrued expenses	176,598	125,896
Accrued payroll and benefits	324,889	234,624
Operating lease liabilities, current	15,658	14,150
Deferred revenue	2,363,258	2,270,757
Other current liabilities	40,763	23,672
Total current liabilities	3,000,380	2,697,279
Long-term debt	743,610	742,494
Deferred revenue, noncurrent	833,260	783,342
Operating lease liabilities, noncurrent	32,683	36,230
Other liabilities, noncurrent	77,414	50,086
Total liabilities	4,687,347	4,309,431
Commitments and contingencies (Note 8)
Stockholders’ Equity
Preferred stock, $0.0005 par value; 100,000 shares authorized as of October 31, 2024 and January 31, 2024; no shares issued and outstanding as of October 31, 2024 and January 31, 2024.	0	0
Class A common stock, $0.0005 par value; 2,000,000 shares authorized as of October 31, 2024 and January 31, 2024; 233,849 shares and 229,380 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively; Class B common stock, $0.0005 par value; 300,000 shares authorized as of October 31, 2024 and January 31, 2024; 12,460 shares and 12,485 shares issued and outstanding as of October 31, 2024 and January 31, 2024, respectively.	124	121
Additional paid-in capital	4,045,660	3,364,328
Accumulated deficit	(985,825)	(1,058,836)
Accumulated other comprehensive loss	(2,026)	(1,663)
Total CrowdStrike Holdings, Inc. stockholders’ equity	3,057,933	2,303,950
Non-controlling interest	37,678	33,139
Total stockholders’ equity	3,095,611	2,337,089
Total liabilities and stockholders’ equity	$ 7,782,958	$ 6,646,520

Subsequent Events	9 Months Ended
Subsequent Events	Oct. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 5, 2024, the Company entered into an agreement to acquire all of the ownership interests in A.S. Adaptive Shield Ltd. (“Adaptive Shield”), a SaaS-based cybersecurity company that offers customers comprehensive SaaS security posture management (“SSPM”) solutions. The acquisition of Adaptive Shield closed on November 20, 2024 and the total consideration transferred consisted of $213.8 million in cash, net of $13.8 million of cash acquired, and $0.7 million representing the fair value of replacement equity awards attributable to pre-acquisition service, subject to customary net working capital and purchase price adjustments. The Company is in the process of finalizing the intangible assets valuation and purchase price allocation.

Acquisitions - Additional Information (Details)			9 Months Ended	12 Months Ended
Acquisitions - Additional Information (Details)	Mar. 26, 2024 USD ($)	Sep. 28, 2023 USD ($)	Oct. 31, 2024 USD ($) reporting_unit	Jan. 31, 2024 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill			$ 722,016,000	$ 638,041,000
Number of reporting units \| reporting_unit			1
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life			54 months	60 months
Flow Security
Acquired Finite-Lived Intangible Assets [Line Items]
Voting equity interest acquired	100.00%
Equity consideration for acquisitions	$ 96,400,000
Cash acquired from acquisition	800,000
Fair value of replacement equity awards	500,000
Fair value	13,500,000
Net tangible assets acquired	600,000
Goodwill	$ 84,000,000
Acquisition costs			$ 3,000,000
Flow Security \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life	72 months
Bionic
Acquired Finite-Lived Intangible Assets [Line Items]
Voting equity interest acquired		100.00%
Equity consideration for acquisitions		$ 239,000,000
Cash acquired from acquisition		25,700,000
Fair value of replacement equity awards		700,000
Fair value		34,900,000
Net tangible assets acquired		2,700,000
Goodwill		207,500,000
Acquisition costs			$ 0
Bionic \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair value		$ 29,900,000
Useful life		72 months

Investments and Fair Value Measurements - Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Assets
Short-term investments	$ 0	$ 99,591
Recurring
Assets
Total assets	3,952,847	3,155,634
Recurring \| Money market funds
Assets
Cash equivalents	1,460,037	2,360,173
Recurring \| U.S. Treasury securities
Assets
Cash equivalents	2,488,351	693,599
Short-term investments	0	99,591
Recurring \| Deferred compensation investments
Assets
Other assets	4,459	2,271
Level 1 \| Recurring
Assets
Total assets	1,464,496	2,362,444
Level 1 \| Recurring \| Money market funds
Assets
Cash equivalents	1,460,037	2,360,173
Level 1 \| Recurring \| U.S. Treasury securities
Assets
Cash equivalents	0	0
Short-term investments	0	0
Level 1 \| Recurring \| Deferred compensation investments
Assets
Other assets	4,459	2,271
Level 2 \| Recurring
Assets
Total assets	2,488,351	793,190
Level 2 \| Recurring \| Money market funds
Assets
Cash equivalents	0	0
Level 2 \| Recurring \| U.S. Treasury securities
Assets
Cash equivalents	2,488,351	693,599
Short-term investments	0	99,591
Level 2 \| Recurring \| Deferred compensation investments
Assets
Other assets	0	0
Level 3 \| Recurring
Assets
Total assets	0	0
Level 3 \| Recurring \| Money market funds
Assets
Cash equivalents	0	0
Level 3 \| Recurring \| U.S. Treasury securities
Assets
Cash equivalents	0	0
Short-term investments	0	0
Level 3 \| Recurring \| Deferred compensation investments
Assets
Other assets	$ 0	$ 0

Stock-Based Compensation - Stock Option Activity (Details) - $ / shares shares in Thousands	9 Months Ended
	Oct. 31, 2024
Number of Shares
Options outstanding at beginning of period (in shares)	1,754
Granted (in shares)	14
Exercised (in shares)	(416)
Canceled (in shares)	(18)
Options outstanding at end of period (in shares)	1,334
Options vested and expected to vest at end of period (in shares)	1,334
Options exercisable at end of period (in shares)	1,309
Weighted-Average Exercise Price Per Share
Options outstanding at beginning of period (in usd per share)	$ 9.37
Granted (in usd per share)	3.25
Exercised (in usd per share)	7.95
Canceled (in usd per share)	12.43
Options outstanding at end of period (in usd per share)	9.74
Options vested and expected to vest at end of period (in usd per share)	9.74
Options exercisable at end of period (in usd per share)	$ 9.66

Acquisitions (Tables)

9 Months Ended

Oct. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Identifiable Intangible Assets

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (dollars in thousands):


	Fair Value		Useful Life
			(in months)
Developed technology	$	29,900	72
Customer relationships	5,000		96
Total intangible assets acquired	$	34,900

Acquisitions - Identifiable Intangible Assets (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
	Sep. 28, 2023	Oct. 31, 2024	Jan. 31, 2024
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Useful Life		54 months	60 months
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Useful Life		62 months	68 months
Bionic
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 34,900
Bionic \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 29,900
Useful Life	72 months
Bionic \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 5,000
Useful Life	96 months

Subsequent Events (Details) - A.S. Adaptive Shield Ltd. - Subsequent Event $ in Millions	Nov. 05, 2024 USD ($)
Subsequent Event [Line Items]
Equity consideration for acquisitions	$ 213.8
Cash acquired from acquisition	13.8
Fair value of replacement equity awards	$ 0.7

Description of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP have been condensed or omitted, and accordingly the balance sheet as of January 31, 2024, and related disclosures, have been derived from the audited consolidated financial statements at that date but do not include all of the information required by U.S. GAAP for complete consolidated financial statements. These unaudited condensed consolidated financial statements have been prepared on the same basis as the Company’s annual consolidated financial statements and, in the opinion of management, reflect all normal recurring adjustments that are necessary for the fair statement of the Company’s condensed consolidated financial information. The results of operations for the three and nine months ended October 31, 2024 are not necessarily indicative of the results to be expected for the year ending January 31, 2025 or for any other interim period or for any other future year. The accompanying interim unaudited condensed consolidated financial statements and related financial information should be read in conjunction with Item 8, “Financial Statements and Supplementary Data” included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2024, filed with the SEC on March 6, 2024.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the Company’s condensed consolidated financial statements and accompanying notes. These estimates are based on information available as of the date of the condensed consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions. Actual results may differ from these estimates and such differences could be material to the Company’s condensed consolidated financial statements. Estimates and assumptions used by management include, but are not limited to, revenue recognition, the allowance for credit losses, the useful lives of long-lived assets, the fair values of strategic investments, the period of benefit for deferred contract acquisition costs, the discount rate used for operating leases, the recognition and disclosure of contingent liabilities, income taxes, stock-based compensation, and the fair value of assets acquired and liabilities assumed in business combinations.
Concentration of Credit Risk and Geographic Information	Concentration of Credit Risk and Geographic Information The Company generates revenue from the sale of subscriptions to access its cloud platform and professional services. The Company’s sales team, along with its channel partner network of system integrators and value-added resellers (collectively, “channel partners”), sells the Company’s services worldwide to organizations of all sizes. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, short-term investments, accounts receivable, and strategic investments. The Company’s cash is placed with high-credit-quality financial institutions and issuers, and at times exceeds federally insured limits. The Company has not experienced any credit loss relating to its cash, cash equivalents, short-term investments, or strategic investments. The Company performs periodic credit evaluations of its customers and generally does not require collateral.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. The standard requires additional disclosure on specific expense categories included in the expense captions presented on the statements of operations. The new standard can be applied either prospectively or retrospectively, and is effective for annual periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance on its disclosures within the consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, a final standard on improvements to income tax disclosures. The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. 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. 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 new standard is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted, and will be applied retrospectively to all prior periods presented in the condensed consolidated financial statements. The Company is currently evaluating the impact of this new guidance on its disclosures within the consolidated financial statements.

Revenue, Deferred Revenue and Remaining Performance Obligations - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Contract with Customer, Liability [Line Items]
Revenue included in the contract liability balance	$ 880,500,000	$ 685,900,000	$ 1,945,400,000	$ 1,465,500,000
Transaction price allocated to remaining performance obligations	5,400,000,000		$ 5,400,000,000
Commission amortization period			4 years
Professional services contract amortization			5 months
Impairment loss	$ 0	$ 0	$ 0	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-11-01
Contract with Customer, Liability [Line Items]
Remaining performance obligation, percentage	57.00%		57.00%
Subscription term	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-11-01
Contract with Customer, Liability [Line Items]
Remaining performance obligation, percentage	39.00%		39.00%
Minimum
Contract with Customer, Liability [Line Items]
Payment terms			30 days
Subscription term			1 year
Minimum \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-11-01
Contract with Customer, Liability [Line Items]
Subscription term	13 months		13 months
Maximum
Contract with Customer, Liability [Line Items]
Payment terms			60 days
Subscription term			3 years
Maximum \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-11-01
Contract with Customer, Liability [Line Items]
Subscription term	36 months		36 months

Net Income (Loss) Per Share Attributable to Common Stockholders (Tables)

9 Months Ended

Oct. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to CrowdStrike common stockholders (in thousands, except per share data):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023
Numerator:
Net income (loss) attributable to CrowdStrike	$	(16,822)	$	26,665	$	73,011	$	35,628
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders, basic	245,536		239,297		244,017		237,890
Dilutive effect of common stock equivalents	—		4,502		6,730		4,306
Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders, dilutive	245,536		243,799		250,747		242,196
Net income (loss) per share attributable to CrowdStrike common stockholders, basic	$	(0.07)	$	0.11	$	0.30	$	0.15
Net income (loss) per share attributable to CrowdStrike common stockholders, diluted	$	(0.07)	$	0.11	$	0.29	$	0.15

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share


	Three Months Ended October 31,		Nine Months Ended October 31,
	2024	2023	2024	2023

RSUs and PSUs subject to future vesting	11,057	2,436	773	4,105
Shares of common stock issuable from stock options	1,309	—	—	3
Share purchase rights under the Employee Stock Purchase Plan	350	104	80	408
Potential common shares excluded from diluted net income per share	12,716	2,540	853	4,516

Revenue, Deferred Revenue and Remaining Performance Obligations - Changes in Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 3,093,197	$ 2,507,642	$ 3,054,099	$ 2,355,113
Additions to deferred revenue	1,113,499	821,488	3,037,505	2,398,223
Recognition of deferred revenue	(1,010,178)	(786,014)	(2,895,086)	(2,210,220)
Ending balance	$ 3,196,518	$ 2,543,116	$ 3,196,518	$ 2,543,116

Balance Sheet Components - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Jan. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Depreciation and amortization	$ 49,000,000.0	$ 33,800,000	$ 137,900,000	$ 90,000,000.0
Impairment of property and equipment	0	0	0	0
Capitalized amount of internal use software	27,900,000	19,800,000	70,400,000	60,000,000.0
Amortization expense associated with internal use software	14,800,000	9,500,000	41,400,000	25,400,000
Net book value of capitalized internal use software	135,800,000		135,800,000		$ 106,900,000
Amortization of intangible assets	$ 6,300,000	$ 4,600,000	$ 18,665,000	$ 12,913,000
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful lives	2 years		2 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful lives	20 years		20 years
Data center and other computer equipment
Finite-Lived Intangible Assets [Line Items]
Equipment purchased but not yet placed into service			$ 177,000,000.0

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (16,819)	$ 26,669	$ 76,135	$ 35,644
Other comprehensive income (loss):
Foreign currency translation adjustments	700	(6,193)	(754)	(4,261)
Unrealized gain on cash equivalents and short-term investments, net of tax	376	0	391	0
Other comprehensive income (loss)	1,076	(6,193)	(363)	(4,261)
Less: Comprehensive income attributable to non-controlling interest	3	4	3,124	16
Total comprehensive income (loss) attributable to CrowdStrike	$ (15,746)	$ 20,472	$ 72,648	$ 31,367

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

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+ Details

Stock-Based Compensation - RSU, PSU and Special PSU Awards Activity (Details) - Share-Based Compensation Award, Other than Stock Options shares in Thousands	9 Months Ended
	Oct. 31, 2024 $ / shares shares
Number of Shares
RSUs and PSUs outstanding at beginning of period (in shares) \| shares	10,968
Granted (in shares) \| shares	4,719
Released (in shares) \| shares	(3,502)
Performance adjustment (in shares) \| shares	241
Forfeited (in shares) \| shares	(579)
RSUs and PSUs outstanding at end of period (in shares) \| shares	11,847
RSUs and PSUs expected to vest (in shares) \| shares	11,057
Weighted- Average Grant Date Fair Value Per Share
RSUs and PSUs outstanding at beginning of period (in usd per share) \| $ / shares	$ 167.84
Granted (in usd per share) \| $ / shares	302.18
Vested (in usd per share) \| $ / shares	161.19
Performance adjustment (in usd per share) \| $ / shares	132.83
Forfeited (in usd per share) \| $ / shares	197.03
RSUs and PSUs outstanding at end of period (in usd per share) \| $ / shares	221.18
RSUs and PSUs expected to vest (in usd per share) \| $ / shares	$ 220.13

Stock-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	May 31, 2019 purchase_period shares	Oct. 31, 2024 USD ($) shares	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($) installment change_in_contribution $ / shares shares	Oct. 31, 2023 USD ($) $ / shares	Jan. 31, 2024 USD ($)	Jan. 31, 2023 installment day shares	May 31, 2021 shares
Stock Based Compensation
Options unvested (in shares) \| shares		0		0
Aggregate intrinsic value of options vested and exercisable		$ 375,900		$ 375,900		$ 451,000
Weighted-average remaining contractual term of options vested and exercisable (in years)				3 years 7 months 6 days		4 years 2 months 12 days
Weighted-average grant date fair value of options granted (in usd per share) \| $ / shares				$ 325.22	$ 126.00
Total intrinsic value of options exercised		32,000	$ 43,900	$ 135,700	$ 118,400
Aggregate intrinsic value of stock options outstanding		383,200		$ 383,200		$ 496,700
Weighted-average remaining contractual term of stock options outstanding (in years)				3 years 8 months 12 days		4 years 3 months 18 days
Total unrecognized stock-based compensation expenses related to unvested options		5,000		$ 5,000
Employee payroll contributions accrued		324,889		$ 324,889		$ 234,624
Stock Options
Stock Based Compensation
Expected to be amortized over weighted-average vesting period (in years)				1 year 9 months 18 days
Service-based Vesting
Stock Based Compensation
Vesting percentage				25.00%
Service-based Vesting \| Vesting One
Stock Based Compensation
Number of quarterly installments \| installment				12
Vesting percentage				10.00%
Service-based Vesting \| Vesting Two
Stock Based Compensation
Number of quarterly installments \| installment				16
Vesting percentage				15.00%
Service-based Vesting \| Vesting Three
Stock Based Compensation
Vesting percentage				25.00%
Service-based Vesting \| Vesting Four
Stock Based Compensation
Number of quarterly installments \| installment				16
Vesting percentage				50.00%
Service-based Vesting \| Vesting Five
Stock Based Compensation
Vesting percentage				25.00%
Service-based Vesting \| Vesting Six
Stock Based Compensation
Vesting percentage				12.50%
Service-based Vesting \| Vesting Seven
Stock Based Compensation
Vesting percentage				25.00%
Service-based Vesting \| Vesting Eight
Stock Based Compensation
Vesting percentage				25.00%
RSUs
Stock Based Compensation
Expected to be amortized over weighted-average vesting period (in years)				2 years 9 months 18 days
Total unrecognized stock-based compensation expenses related to unvested RSUs/PSUs		2,200,000		$ 2,200,000
PSUs
Stock Based Compensation
Expected to be amortized over weighted-average vesting period (in years)				1 year 2 months 12 days
Total unrecognized stock-based compensation expenses related to unvested RSUs/PSUs		54,800		$ 54,800
Threshold consecutive trading days \| day							45
Special PSUs
Stock Based Compensation
Expected to be amortized over weighted-average vesting period (in years)				1 year
Number of quarterly installments \| installment							4
Total unrecognized stock-based compensation expenses related to unvested RSUs/PSUs		15,500		$ 15,500
Historical volatility rate, weight							50.00%
Implied volatility rate, weight							50.00%
Special PSUs \| Minimum
Stock Based Compensation
Risk-free interest rate							0.85%
Expected stock price volatility							54.89%
Look back period							2 years 2 months 15 days
Special PSUs \| Maximum
Stock Based Compensation
Risk-free interest rate							1.51%
Expected stock price volatility							55.36%
Look back period							2 years 6 months 29 days
Special PSUs \| Vesting One
Stock Based Compensation
Vesting percentage							50.00%
Special PSUs \| Vesting Two
Stock Based Compensation
Vesting percentage							12.50%
Special PSUs \| Vesting Three
Stock Based Compensation
Vesting percentage							12.50%
Special PSUs \| Vesting Four
Stock Based Compensation
Vesting percentage							12.50%
Special PSUs \| Vesting Five
Stock Based Compensation
Vesting percentage							12.50%
Special PSUs \| Executive Officer
Stock Based Compensation
Granted (in shares) \| shares							655,000
Employee Stock Purchase Plan
Stock Based Compensation
Threshold percentage of outstanding shares	1.00%
Look back period	2 years
Offering period	24 months
Number of purchase periods \| purchase_period	4
Duration of purchase periods	6 months
Percentage of eligible compensation	15.00%
Maximum number of shares each participant can purchase during purchase period (in shares) \| shares	2,500
Purchase price, threshold percentage of fair market value	85.00%
Number of increases in contribution \| change_in_contribution				1
Employee payroll contributions accrued		37,700		$ 37,700		$ 22,300
Employee Stock Purchase Plan \| Rollover Feature
Stock Based Compensation
Plan modification, incremental cost		$ 7,200		$ 7,200
Employee Stock Purchase Plan \| Minimum
Stock Based Compensation
Risk-free interest rate				3.40%	0.20%
Expected stock price volatility				40.80%	46.30%
Employee Stock Purchase Plan \| Maximum
Stock Based Compensation
Risk-free interest rate				5.30%	5.20%
Expected stock price volatility				59.80%	61.20%
Class A common stock \| Employee Stock Purchase Plan
Stock Based Compensation
Maximum number of shares of common stock that may be issued (in shares) \| shares	3,500,000
Maximum number of additional shares of common stock that may be issued (in shares) \| shares								5,000,000
Duration of purchase periods	6 months
2019 Plan \| Class A common stock
Stock Based Compensation
Maximum number of shares of common stock that may be issued (in shares) \| shares	8,750,000
Threshold percentage of outstanding shares	2.00%

Balance Sheet Components - Future Amortization Expense (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Fiscal 2025 (remaining three months)	$ 6,332
2026	24,240
2027	22,065
2028	21,552
2029	18,799
Thereafter	16,366
Net Amount	$ 109,354	$ 114,518

Revenue, Deferred Revenue and Remaining Performance Obligations - Revenue from Contracts by Type and Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,010,178	$ 786,014	$ 2,895,086	$ 2,210,220
Percentage of revenue	100.00%	100.00%	100.00%	100.00%
United States
Disaggregation of Revenue [Line Items]
Total revenue	$ 683,476	$ 537,880	$ 1,968,503	$ 1,513,569
Percentage of revenue	68.00%	69.00%	68.00%	69.00%
Europe, Middle East, and Africa
Disaggregation of Revenue [Line Items]
Total revenue	$ 160,574	$ 119,158	$ 451,037	$ 335,619
Percentage of revenue	16.00%	15.00%	16.00%	15.00%
Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenue	$ 102,837	$ 81,459	$ 294,573	$ 228,876
Percentage of revenue	10.00%	10.00%	10.00%	10.00%
Other
Disaggregation of Revenue [Line Items]
Total revenue	$ 63,291	$ 47,517	$ 180,973	$ 132,156
Percentage of revenue	6.00%	6.00%	6.00%	6.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
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-Paragraph 1
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Section 50
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Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Name Accounting Standards Codification
-Section 50
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Commitments and Contingencies - Non-cancelable Purchase Obligations (Details) $ in Thousands	Oct. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Fiscal 2025 (remaining three months)	$ 121,148
2026	548,720
2027	542,639
2028	544,780
2029	545,831
Thereafter	493,489
Total purchase commitments	$ 2,796,607

Stock-Based Compensation

9 Months Ended

Oct. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock Incentive Plan

In May 2019, the Company’s board of directors adopted, and the stockholders approved, the CrowdStrike Holdings, Inc. 2019 Equity Incentive Plan (the “2019 Plan”) with the purpose of granting stock-based awards to employees, directors, officers, and consultants, including stock options, restricted stock awards, restricted stock units (“RSUs”), and performance-based restricted stock units (“PSUs”). A total of 8,750,000 shares of Class A common stock were initially available for issuance under the 2019 Plan. The Company’s compensation committee administers the 2019 Plan. The number of shares of the Company’s common stock available for issuance under the 2019 Plan is subject to an annual increase on the first day of each fiscal year beginning on February 1, 2020, equal to the lesser of: (i) two percent (2%) of outstanding shares of the Company’s capital stock as of the last day of the immediately preceding fiscal year or (ii) such other amount as the Company’s board of directors may determine.

The 2011 Plan was terminated on June 10, 2019, which was the business day prior to the effectiveness of the Company’s registration statement on Form S-1 used in connection with the Company’s IPO, and stock-based awards are no longer granted under the 2011 Plan. Any shares underlying stock options that expire, terminate, or are forfeited or repurchased under the 2011 Plan will be automatically transferred to the 2019 Plan.

Stock Options

The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes option-pricing model.

Stock options granted during the nine months ended October 31, 2024 and October 31, 2023 were immaterial.

The following table is a summary of stock option activity for the nine months ended October 31, 2024:


	Number of Shares	Weighted-Average Exercise Price Per Share
	(in thousands)
Options outstanding at January 31, 2024	1,754	$	9.37
Granted	14	$	3.25
Exercised	(416)	$	7.95
Canceled	(18)	$	12.43
Options outstanding at October 31, 2024	1,334	$	9.74
Options vested and expected to vest at October 31, 2024	1,334	$	9.74
Options exercisable at October 31, 2024	1,309	$	9.66

There were no options that were unvested and exercisable as of October 31, 2024.

The aggregate intrinsic value of options vested and exercisable was $375.9 million and $451.0 million as of October 31, 2024 and January 31, 2024, respectively. The weighted-average remaining contractual term of options vested and exercisable was 3.6 years and 4.2 years as of October 31, 2024 and January 31, 2024, respectively.

The weighted-average grant date fair values of all options granted was $325.22 per share and $126.00 during the nine months ended October 31, 2024 and October 31, 2023, respectively. The total intrinsic value of all options exercised was $32.0 million and $43.9 million during the three months ended October 31, 2024 and October 31, 2023, respectively, and $135.7 million and $118.4 million during the nine months ended October 31, 2024 and October 31, 2023, respectively.

The aggregate intrinsic value of stock options outstanding as of October 31, 2024 and January 31, 2024 was $383.2 million and $496.7 million, respectively, which represents the excess of the fair value of the Company’s common stock over the exercise price of the options multiplied by the number of options outstanding. The weighted-average remaining contractual term of stock options outstanding was 3.7 years and 4.3 years as of October 31, 2024 and January 31, 2024, respectively.

Total unrecognized stock-based compensation expense related to unvested options was $5.0 million as of October 31, 2024. This expense is expected to be amortized over a weighted-average vesting period of 1.8 years.

Restricted Stock Units

RSUs granted under the 2019 Plan are generally subject to only a service-based vesting condition. The service-based vesting condition is generally satisfied based on one of the following vesting schedules: (i) vesting of one-fourth of the RSUs on the first “Company vest date” (defined as March 20, June 20, September 20, or December 20) on or following the one-year anniversary of the vesting commencement date with the remainder of the RSUs vesting in twelve equal quarterly installments thereafter, subject to continued service, (ii) vesting in sixteen equal quarterly installments, subject to continued service, or (iii) vesting in sixteen quarterly installments with 10% in the first year, 15% in the second year, 25% in the third year and 50% in the fourth year, subject to continued service. The valuation of these RSUs is based solely on the fair value of the Company’s stock on the date of grant.

Total unrecognized stock-based compensation expense related to unvested RSUs was $2.2 billion as of October 31, 2024. This expense is expected to be amortized over a weighted-average vesting period of 2.8 years.

Performance-based Stock Units

PSUs granted under the 2019 Plan are generally subject to both a service-based vesting condition and a performance-based vesting condition. PSUs will vest upon the achievement of specified performance targets and subject to continued service through the applicable vesting dates. The stock-based compensation expense relating to PSUs is recognized using the accelerated attribution method over the requisite service period when it is probable that the performance condition will be satisfied.

Total unrecognized stock-based compensation expense related to unvested PSUs was $54.8 million as of October 31, 2024, which reflects the Company's updated assessment of the likelihood of satisfying the performance conditions. This expense is expected to be amortized over a weighted-average vesting period of 1.2 years.

Special PSU Awards

In fiscal 2022 the Company’s board of directors granted 655,000 performance stock units (the “Special PSU Awards”) to certain executives under the 2019 Plan. The Special PSU Awards vest upon the satisfaction of the Company’s achievement of specified stock price hurdles, which are based on the average of the closing stock price per share of the Company’s Class A common stock during any 45 consecutive trading day period during the applicable performance period, and a service-based vesting condition. The service condition applicable to each tranche of the Special PSU Awards will be satisfied in installments as follows, subject to continued employment with the Company through each applicable vesting date: (i) 50% of the Special PSU Awards underlying the applicable tranche will service vest on the first anniversary of the vesting commencement date applicable to such tranche of the Special PSU Awards (i.e., February 1, 2022, February 1, 2023, February 1, 2024 and February 1, 2025) and (ii) the remaining PSUs with respect to such tranche will thereafter service vest in four equal quarterly installments of 12.5%.

The Company measured the fair value of the Special PSU Awards on the grant date using a Monte Carlo simulation valuation model. The risk-free interest rates used were 0.85% -1.51%, which were based on the zero-coupon-risk-free interest rate derived from the Treasury Constant Maturities yield curve for the expected term of the award on the grant date. The expected volatility was a blended volatility rate of 54.89% - 55.36%, which includes 50% weight on the Company’s historical volatility calculated from daily stock returns over a 2.21- 2.58 year look-back from the grant date and 50% weight based on the Company’s implied volatility as of the grant date.

Total unrecognized stock-based compensation expense related to the unvested portion of the Special PSU Awards was $15.5 million as of October 31, 2024. This expense is expected to be amortized over a weighted-average vesting period of 1.0 years.

The following table is a summary of RSUs, PSUs and the Special PSU Awards activities for the nine months ended October 31, 2024:


	Number of Shares	Weighted- Average Grant Date Fair Value Per Share
	(in thousands)
RSUs and PSUs outstanding at January 31, 2024	10,968	$	167.84
Granted	4,719	$	302.18
Released	(3,502)	$	161.19
Performance adjustment (1)	241	$	132.83
Forfeited	(579)	$	197.03
RSUs and PSUs outstanding at October 31, 2024	11,847	$	221.18
RSUs and PSUs expected to vest at October 31, 2024 (2)	11,057	$	220.13

(2)Excludes in progress PSUs and Special PSUs where pre-defined targets have not yet been achieved.

Employee Stock Purchase Plan

In May 2019, the board of directors adopted, and the stockholders approved the CrowdStrike Holdings, Inc. 2019 Employee Stock Purchase Plan (“ESPP”), which became effective on June 10, 2019, which was the business day prior to the effectiveness of the Company’s registration statement on Form S-1 used in connection with the Company’s IPO. A total of 3,500,000 shares of Class A common stock were initially reserved for issuance under the ESPP. The Company’s compensation committee administers the ESPP. The number of shares of common stock available for issuance under the ESPP is subject to an annual increase on the first day of each fiscal year beginning on February 1, 2020, equal to the lesser of: (i) one percent (1%) of the outstanding shares of the Company’s capital stock as of the last day of the immediately preceding fiscal year or (ii) such other amount as its board of directors may determine. In May 2021, the Company’s compensation committee adopted an amendment and restatement of the ESPP, which was approved by the Company’s stockholders in June 2021. The amended and restated ESPP clarified the original intent that the annual increase will in no event exceed 5,000,000 shares of the Company’s Class A common stock in any year.

The ESPP provides for consecutive offering periods that will typically have a duration of approximately 24 months in length and are comprised of four purchase periods of approximately six months in length. The offering periods are scheduled to start on the first trading day on or after June 11 and December 11 of each year. The first offering period commenced on June 11, 2019 and ended on June 10, 2021.

The ESPP provides eligible employees with an opportunity to purchase shares of the Company’s Class A common stock through payroll deductions of up to 15% of their eligible compensation. A participant may purchase a maximum of 2,500 shares of common stock during a purchase period. Amounts deducted and accumulated by the participant are used to purchase shares of common stock at the end of each six-month purchase period. The purchase price of the shares is 85% of the lower of the fair market value of the Class A common stock on (i) the first trading day of the applicable offering period and (ii) the last trading day of each purchase period in the related offering period. Participants may end their participation at any time during an offering period and will be paid their accrued contributions that have not yet been used to purchase shares of common stock. Participation ends automatically upon termination of employment. The ESPP allows for up to one increase in contribution during each purchase period. If an employee elects to increase his or her contribution, the Company treats this as an accounting modification. The ESPP also offers a two-year look-back feature, as well as a rollover feature that provides for an offering period to be rolled over to a new lower-priced offering if the offering price of the new offering period is less than that of the current offering period. Contribution modifications during the nine months ended October 31, 2024 were $7.2 million, which will be recognized over the remaining offering periods.

Employee payroll contributions ultimately used to purchase shares are reclassified to stockholders’ equity on the purchase date. ESPP employee payroll contributions accrued as of October 31, 2024 and January 31, 2024 totaled $37.7 million and $22.3 million, respectively, and are included within accrued payroll and benefits in the condensed consolidated balance sheets.

The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine the fair value of employee stock purchase rights granted under the Company’s ESPP:


	Nine Months Ended October 31,
	2024		2023
Expected term (in years)	0.5 – 2.0		0.5 – 2.0
Risk-free interest rate	3.4% – 5.3%		0.2% – 5.2%
Expected stock price volatility	40.8% – 59.8%		46.3% – 61.2%
Dividend yield	—	%	—	%

Stock-Based Compensation Expense

Stock-based compensation expense included in the condensed consolidated statements of operations is as follows (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023

Subscription cost of revenue	$	18,613	$	11,477	$	49,261	$	30,575
Professional services cost of revenue	7,498		5,645		21,115		16,020
Sales and marketing	56,251		42,544		165,914		129,725
Research and development	81,874		52,388		224,467		143,754
General and administrative	44,652		47,560		132,133		135,173
Total stock-based compensation expense	$	208,888	$	159,614	$	592,890	$	455,247

Acquisitions

9 Months Ended

Oct. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Acquisitions

Flow Security

On March 26, 2024, the Company acquired 100% of the equity interest of Flow Security Ltd. (“Flow Security”), a leading provider of data security solutions.

The acquisition has been accounted for as a business combination. The total consideration transferred consisted of $96.4 million in cash, net of $0.8 million of cash acquired, and $0.5 million representing the fair value of replacement equity awards attributable to pre-acquisition service. The remaining fair value of these replacement awards attributed to post-combination service was excluded from the purchase price. The purchase price was allocated on a preliminary basis, subject to working capital adjustment and continuing management analysis, to developed technology of $13.5 million with a useful life of 72 months, net tangible liabilities acquired of $0.6 million, and goodwill of $84.0 million, which was allocated to the Company’s one reporting unit and represents the excess of the purchase price over the fair value of net tangible and intangible assets acquired. The goodwill was primarily attributable to the assembled workforce of Flow Security, planned growth in new markets, and synergies expected to be achieved from the integration of Flow Security. Goodwill is not deductible for income tax purposes.

Per the terms of the share purchase agreement with Flow Security, certain unvested stock options held by Flow Security employees were canceled and exchanged for replacement stock options under the 2019 Plan. Additionally, certain shares of Flow Security stock held by Flow Security employees were exchanged for the right to receive shares of the Company’s Class A common stock, subject to service-based vesting and other conditions. Further, the Company agreed to grant RSUs and PSUs under the 2019 Plan to certain continuing employees. The awards that are subject to continued service are recognized ratably as stock-based compensation cost over the requisite service period. The awards that are subject to both continued service and specified performance targets are recognized over the requisite service period when it is probable that the performance condition will be satisfied.

Acquisition costs incurred during the nine months ended October 31, 2024 were $3.0 million and are primarily recorded in general and administrative expenses on the Company’s condensed consolidated statements of operations.

The results of operations for the acquisition have been included in the Company’s condensed consolidated financial statements from the date of acquisition. The acquisition of Flow Security did not have a material impact on the Company’s condensed consolidated financial statements, and therefore historical and pro forma disclosures have not been presented.

Bionic

On September 28, 2023, the Company acquired 100% of the equity interest of Bionic Stork, Ltd. (“Bionic”), a privately-held company that provides an Application Security Posture Management platform designed to proactively reduce and mitigate security, data privacy, and operational risks by analyzing application architecture and dependencies that run in production.

The acquisition has been accounted for as a business combination. The total consideration transferred consisted of $239.0 million in cash, net of $25.7 million of cash acquired, and $0.7 million representing the fair value of replacement equity awards attributable to pre-acquisition service. The remaining fair value of these replacement awards attributed to post-combination service was excluded from the purchase price. The purchase price was allocated to identified intangible assets, which include developed technology and customer relationships of $34.9 million, net tangible liabilities acquired of $2.7 million, and goodwill of $207.5 million, which was allocated to the Company’s one reporting unit and represents the excess of the purchase price over the fair value of net tangible and intangible assets acquired. The goodwill was primarily attributable to the assembled workforce of Bionic, planned growth in new markets, and synergies expected to be achieved from the integration of Bionic. Goodwill is not deductible for income tax purposes.

Per the terms of the share purchase agreement with Bionic, certain unvested stock options held by Bionic employees were canceled and exchanged for replacement stock options under the 2019 Plan. Additionally, certain shares of Bionic stock held by Bionic employees were exchanged for shares of the Company’s Class A common stock, subject to service-based vesting and other conditions. Further, the Company granted RSUs and PSUs under the 2019 Plan to certain continuing employees. The awards that are subject to continued service are recognized ratably as stock-based compensation expense over the requisite service period. The awards that are subject to both continued service and specified performance targets are recognized over the requisite service period when it is probable that the performance condition will be satisfied.

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (dollars in thousands):


	Fair Value		Useful Life
			(in months)
Developed technology	$	29,900	72
Customer relationships	5,000		96
Total intangible assets acquired	$	34,900

Acquisition costs during the nine months ended October 31, 2024 were immaterial.

The results of operations for the acquisition have been included in the Company’s condensed consolidated financial statements from the date of acquisition. The acquisition of Bionic did not have a material impact on the Company’s condensed consolidated financial statements, and therefore historical and pro forma disclosures have not been presented.

Revenue, Deferred Revenue and Remaining Performance Obligations

9 Months Ended

Oct. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue, Deferred Revenue and Remaining Performance Obligations

The following table summarizes revenue by region based on the shipping address of customers who have contracted to use the Company’s platform or service (in thousands, except percentages):


	Three Months Ended October 31,								Nine Months Ended October 31,
	2024				2023				2024				2023
	Amount		% Revenue		Amount		% Revenue		Amount		% Revenue		Amount		% Revenue

United States	$	683,476	68	%	$	537,880	69	%	$	1,968,503	68	%	$	1,513,569	69	%
Europe, Middle East, and Africa	160,574		16	%	119,158		15	%	451,037		16	%	335,619		15	%
Asia Pacific	102,837		10	%	81,459		10	%	294,573		10	%	228,876		10	%
Other	63,291		6	%	47,517		6	%	180,973		6	%	132,156		6	%
Total revenue	$	1,010,178	100	%	$	786,014	100	%	$	2,895,086	100	%	$	2,210,220	100	%

No single country other than the United States represented 10% or more of the Company’s total revenue during the three and nine months ended October 31, 2024 and October 31, 2023.

Contract Balances

Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract. Such amounts are recognized as revenue over the contractual period. The Company recognized revenue of $880.5 million and $685.9 million for the three months ended October 31, 2024 and October 31, 2023, respectively, and $1,945.4 million and $1,465.5 million for the nine months ended October 31, 2024 and October 31, 2023, respectively which was included in the corresponding contract liability balance at the beginning of the period.

The Company receives payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the right to consideration becomes unconditional. Payment terms on invoiced amounts are typically 30 – 60 days. Contract assets include amounts related to the contractual right to consideration for both completed and partially completed performance obligations that may not have been invoiced.

Changes in deferred revenue were as follows (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023

	Carrying Amount				Carrying Amount
Beginning balance	$	3,093,197	$	2,507,642	$	3,054,099	$	2,355,113
Additions to deferred revenue	1,113,499		821,488		3,037,505		2,398,223
Recognition of deferred revenue	(1,010,178)		(786,014)		(2,895,086)		(2,210,220)
Ending balance	$	3,196,518	$	2,543,116	$	3,196,518	$	2,543,116

Remaining Performance Obligations

The Company’s subscription contracts with its customers have a typical term of one to three years and most subscription contracts are non-cancellable. Customers generally have the right to terminate their contracts for cause as a result of the Company’s failure to perform. As of October 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $5.4 billion. The Company expects to recognize approximately 57% of the remaining performance obligations in the 12 months following October 31, 2024, and 39% of the remaining performance obligations between 13 to 36 months, with the remainder to be recognized thereafter.

Costs to Obtain and Fulfill a Contract

The Company capitalizes referral fees paid to partners and sales commissions and associated payroll taxes paid to internal sales personnel, contractors or sales agents that are incremental to the acquisition of channel partner and direct customer contracts and would not have occurred absent the customer contract. These costs are recorded as deferred contract acquisition costs, current and deferred contract acquisition costs, noncurrent on the condensed consolidated balance sheets.

Sales commissions for renewal of a contract are not considered commensurate with the commissions paid for the acquisition of the initial contract or follow-on upsell given the substantive difference in commission rates in proportion to their respective contract values. Commissions, including referral fees paid to referral partners, earned upon the initial acquisition of a contract or subsequent upsell are amortized over an estimated period of benefit of four years, while commissions earned for renewal contracts are amortized over the contractual term of the renewals. Sales commissions associated with professional service contracts are amortized ratably over an estimated period of benefit of five months and are included in sales and marketing expense in the condensed consolidated statements of operations. In determining the period of benefit for commissions paid for the acquisition of the initial contract, the Company took into consideration the expected subscription term and expected renewals of customer contracts, the historical duration of relationships with customers, customer retention data, and the life of the developed technology. The Company periodically reviews the carrying amount of deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit of these deferred costs. The Company did not recognize any material impairment losses of deferred contract acquisition costs during the three and nine months ended October 31, 2024 or October 31, 2023.

The following table summarizes the activity of deferred contract acquisition costs (in thousands):


	Three Months Ended October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023

Beginning balance	$	592,785	$	458,685	$	582,303	$	447,088

Capitalization of contract acquisition costs	203,079		84,671		361,412		209,145
Amortization of deferred contract acquisition costs	(79,862)		(60,281)		(227,713)		(173,158)
Ending balance	$	716,002	$	483,075	$	716,002	$	483,075

Deferred contract acquisition costs, current	$	294,229	$	209,216	$	294,229	$	209,216
Deferred contract acquisition costs, noncurrent	421,773		273,859		421,773		273,859
Total deferred contract acquisition costs	$	716,002	$	483,075	$	716,002	$	483,075

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Balance Sheet Components - Accrued Payroll and Benefits (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024
Accrued Payroll and Benefits
Accrued commissions	$ 191,241	$ 116,870
Accrued payroll and related expenses	59,475	58,579
Employee Stock Purchase Plan	37,748	22,315
Accrued bonuses	36,425	36,860
Accrued payroll and benefits	$ 324,889	$ 234,624

Stock-Based Compensation - Assumptions (Details) - Employee Stock Purchase Plan	9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Stock Based Compensation
Dividend yield	0.00%	0.00%
Minimum
Stock Based Compensation
Expected term (in years)	6 months	6 months
Risk-free interest rate	3.40%	0.20%
Expected stock price volatility	40.80%	46.30%
Maximum
Stock Based Compensation
Expected term (in years)	2 years	2 years
Risk-free interest rate	5.30%	5.20%
Expected stock price volatility	59.80%	61.20%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

Commitments and Contingencies (Tables)

9 Months Ended

Oct. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Expenses Incurred

Amounts accrued and expenses incurred, net of insurance receivable recorded, relating to the July 19 Incident during the three months ended October 31, 2024 were as follows (in thousands):



	Amounts
Balance at July 31, 2024	$	4,291
Expenses incurred, net of insurance receivable recorded (1)	33,922
Payments made/ cash received	(16,404)
Balance at October 31, 2024	$	21,809

Amounts accrued and expenses incurred, net of insurance receivable recorded, relating to the July 19 Incident during the nine months ended October 31, 2024 were as follows (in thousands):



	Amounts
Balance at January 31, 2024	$	—
Expenses incurred, net of insurance receivable recorded (1)	39,054
Payments made/ cash received	(17,245)
Balance at October 31, 2024	$	21,809

Schedule of Non-cancelable Purchase Obligations

A summary of non-cancellable purchase obligations in excess of one year as of October 31, 2024, with expected date of payment is as follows (in thousands):


	Total Commitments

Fiscal 2025 (remaining three months)	$	121,148
Fiscal 2026	548,720
Fiscal 2027	542,639
Fiscal 2028	544,780
Fiscal 2029	545,831
Thereafter	493,489
Total purchase commitments	$	2,796,607

Description of Business and Significant Accounting Policies	9 Months Ended
	Oct. 31, 2024
Accounting Policies [Abstract]
Description of Business and Significant Accounting Policies	Description of Business and Significant Accounting Policies Business CrowdStrike Holdings, Inc. (and/or its subsidiaries, as applicable, the “Company”) was formed on November 7, 2011. The Company is a global cybersecurity leader that delivers cybersecurity’s AI-native platform for the XDR era, purpose-built to stop breaches. The Company’s unified platform provides cloud-delivered protection of endpoints, cloud workloads, identity, and data via a software as a service (“SaaS”) subscription-based model that spans multiple large security markets, including corporate endpoint security, security and IT operations, managed security services, next-gen SIEM, cloud security, identity protection, threat intelligence, data protection, exposure management and cybersecurity generative AI. The Company conducts its business in the United States, as well as locations internationally, including in Australia, Germany, India, Israel, Japan, Romania, and the United Kingdom. Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. As permitted under those rules, certain footnotes or other financial information that are normally required by U.S. GAAP have been condensed or omitted, and accordingly the balance sheet as of January 31, 2024, and related disclosures, have been derived from the audited consolidated financial statements at that date but do not include all of the information required by U.S. GAAP for complete consolidated financial statements. These unaudited condensed consolidated financial statements have been prepared on the same basis as the Company’s annual consolidated financial statements and, in the opinion of management, reflect all normal recurring adjustments that are necessary for the fair statement of the Company’s condensed consolidated financial information. The results of operations for the three and nine months ended October 31, 2024 are not necessarily indicative of the results to be expected for the year ending January 31, 2025 or for any other interim period or for any other future year. The accompanying interim unaudited condensed consolidated financial statements and related financial information should be read in conjunction with Item 8, “Financial Statements and Supplementary Data” included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2024, filed with the SEC on March 6, 2024. Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the Company’s condensed consolidated financial statements and accompanying notes. These estimates are based on information available as of the date of the condensed consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions. Actual results may differ from these estimates and such differences could be material to the Company’s condensed consolidated financial statements. Estimates and assumptions used by management include, but are not limited to, revenue recognition, the allowance for credit losses, the useful lives of long-lived assets, the fair values of strategic investments, the period of benefit for deferred contract acquisition costs, the discount rate used for operating leases, the recognition and disclosure of contingent liabilities, income taxes, stock-based compensation, and the fair value of assets acquired and liabilities assumed in business combinations. Concentration of Credit Risk and Geographic Information The Company generates revenue from the sale of subscriptions to access its cloud platform and professional services. The Company’s sales team, along with its channel partner network of system integrators and value-added resellers (collectively, “channel partners”), sells the Company’s services worldwide to organizations of all sizes. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, short-term investments, accounts receivable, and strategic investments. The Company’s cash is placed with high-credit-quality financial institutions and issuers, and at times exceeds federally insured limits. The Company has not experienced any credit loss relating to its cash, cash equivalents, short-term investments, or strategic investments. The Company performs periodic credit evaluations of its customers and generally does not require collateral. There were no channel partners or direct customers who represented 10% or more of the Company’s accounts receivable as of October 31, 2024 or January 31, 2024. There were no channel partners or direct customers who represented 10% or more of the Company’s total revenue for each of the three and nine months ended October 31, 2024 or 2023. Significant Accounting Policies The Company’s significant accounting policies are described in the Company’s Annual Report on Form 10-K for the year ended January 31, 2024. There have been no significant changes to these policies that have had a material impact on the Company’s condensed consolidated financial statements and related notes for the three and nine months ended October 31, 2024. Recently Issued Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures. The standard requires additional disclosure on specific expense categories included in the expense captions presented on the statements of operations. The new standard can be applied either prospectively or retrospectively, and is effective for annual periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of this new guidance on its disclosures within the consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, a final standard on improvements to income tax disclosures. The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. 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. 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 new standard is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted, and will be applied retrospectively to all prior periods presented in the condensed consolidated financial statements. The Company is currently evaluating the impact of this new guidance on its disclosures within the consolidated financial statements.