Short answer
CrowdStrike Holdings (CRWD) filed its fiscal 2025 10-K annual report with the SEC on Mar 10, 2025. It reported revenue of $4.0B (+29.4% year over year) and net income of −$19M.
- Top risk flagged: Regulatory/legal: Governmental inquiries and securities litigation related to the July 19, 2024 Falcon platform update incident, with potential penalties and operational constraints
FY2025 key financial metrics · XBRL
- Revenue
- $4.0B
- +29.4% YoY
- Net income
- −$19M
- −121.6% YoY
- Operating margin
- -3.0%
- −3.0 pp YoY
- Gross margin
- 74.9%
- −0.3 pp YoY
- EPS (diluted)
- −$0.08
- −121.6% YoY
- ROE
- -0.6%
- −4.5 pp YoY
- Operating cash flow
- $1.4B
- +18.5% YoY
Source: XBRL data from the CrowdStrike Holdings (CRWD) FY2025 10-K on SEC EDGAR. USD.
CrowdStrike Holdings FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: AI-native cloud cybersecurity platform delivering unified endpoint, cloud workload, identity, and data protection via SaaS
- New emphasis on generative AI security with Charlotte AI module automating investigations and AI systems protection
- Strategic shift to integrating acquired technologies and expanding open APIs for customer/partner innovation atop Falcon platform
- Platform grew to 29 cloud modules; Falcon Complete MDR combines 24/7 expert monitoring with AI-powered protection and underwritten warranty
- Highlighted 70% of attacks are non-malware credential-based, driving shift from legacy signature/malware solutions to AI-driven comprehensive Security Cloud
Management Discussion & Analysis
- Revenue and YoY change not explicitly provided in text
- Segment performance details missing; focus on Falcon platform subscriptions and professional services
- No cash flow, buybacks, dividends, or capital expenditure numbers mentioned
- Forward-looking risks include July 19, 2024 Falcon sensor update causing system crashes and related legal claims
Risk Factors
- Regulatory/legal: Governmental inquiries and securities litigation related to the July 19, 2024 Falcon platform update incident, with potential penalties and operational constraints
- Geopolitical/macro: Customer spending cuts and delayed IT security purchases linked to economic weakness, inflation, banking volatility, and geopolitical uncertainty
- Operational/supply chain: Reliance on AWS and colocation data centers to host Falcon platform creates vulnerability to service disruptions affecting performance
- Competitive/market disruption: Intense competition from legacy antivirus firms, cloud security vendors, and AI-enabled cybersecurity providers with superior resources
- Financial/structural: Net losses of $19.3M in fiscal 2025 and $183.2M in 2023, with accumulated deficit of $1.1B, risking sustained profitability despite fiscal 2024 profit of $89.3M
Generated from the filing text; verify against the original. How to read a 10-K
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