Short answer
CrowdStrike Holdings (CRWD) filed its fiscal 2026 10-K annual report with the SEC on Mar 5, 2026. It reported revenue of $4.8B (+21.7% year over year) and net income of −$163M.
- Top risk flagged: July 19 Incident triggered securities class actions, derivative suits, and governmental inquiries; insurance expected to fall short of total costs
FY2026 key financial metrics · XBRL
- Revenue
- $4.8B
- +21.7% YoY
- Net income
- −$163M
- −743.2% YoY
- Operating margin
- -6.1%
- −3.0 pp YoY
- Gross margin
- 74.7%
- −0.3 pp YoY
- EPS (diluted)
- −$0.65
- −712.5% YoY
- ROE
- -3.7%
- −3.1 pp YoY
- Operating cash flow
- $1.6B
- +16.7% YoY
Source: XBRL data from the CrowdStrike Holdings (CRWD) FY2026 10-K on SEC EDGAR. USD.
CrowdStrike Holdings FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- AI-native cloud cybersecurity platform (Falcon) delivered via SaaS, 33 modules across endpoint, identity, cloud, SIEM, and AI security
- New "AI Detection and Response" (AIDR) module for securing generative AI apps/agents; Charlotte AI expanded to agentic autonomous security decisions
- Introduced "AI Security Cloud" as a defined new category; repositioned Falcon as the "operating system for cybersecurity" consolidating entire security stack
- International revenue grew from $1,270.7M to $1,595.4M (+26% YoY); 25 of 50 U.S. states standardized on CrowdStrike at enterprise level; 88,000+ customers; 10,698 employees; $4.2B backlog; 115% dollar-based net retention rate
- 82% of 2025 detections were malware-free per CrowdStrike's own 2026 Global Threat Report: underscoring the obsolescence of traditional malware-centric defenses and validating their identity/behavioral approach
Management Discussion & Analysis
- Total revenue $4.81B, up $858M (+22%) YoY; subscription $4.56B (+21%), professional services $247M (+29%)
- Operating margin -6% vs -3% YoY; gross margin flat; net loss widened to $162.5M from $15.2M loss
- Operating cash flow $1.61B vs $1.38B; capex $302M; no dividends or buybacks disclosed; $382M on acquisitions
- ARR $5.25B, up 24% YoY; $5.2B cash on hand; $750M Senior Notes due fiscal 2030
- July 19 Incident driving elongated sales cycles, customer discounting, and $82.4M incremental G&A costs; two post-period acquisitions (SGNL.AI $628M, Seraphic $327M) signal continued M&A pace
Risk Factors
- July 19 Incident triggered securities class actions, derivative suits, and governmental inquiries; insurance expected to fall short of total costs
- GDPR/EU AI Act exposure: fines up to EUR 20M or 4% of global revenue; UK Data Use and Access Act 2025 creating divergent compliance regime
- Heavy reliance on AWS as primary cloud infrastructure; contract termination would cause platform interruptions with no guaranteed alternative timeline
- Competitors exploiting July 19 Incident to poach customers; rivals may integrate AI into security products faster than CrowdStrike
- $750M senior notes outstanding with restrictive covenants; net loss of $162.5M in fiscal 2026 and accumulated deficit of $1.3B
Generated from the filing text; verify against the original. How to read a 10-K
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