CrowdStrike Holdings Inc. (NASDAQ:CRWD)

The financial data reveals notable fluctuations in both reported and adjusted net income for the company over the examined periods.

Reported Net Income (Loss) Attributable to CrowdStrike

The company experienced negative net income across most years, indicating recurring losses. Specifically, the loss decreased from -141,779 thousand US dollars in the fiscal year ending January 31, 2020, to a lower loss of -92,629 thousand US dollars in the subsequent year, demonstrating an improvement.

In the fiscal year ending January 31, 2022, the loss significantly deepened to -234,802 thousand US dollars, marking the highest recorded loss in the dataset. This was followed by a reduction in loss to -183,245 thousand US dollars in the next year.

A notable positive turnaround occurred in the fiscal year ending January 31, 2024, when reported net income shifted to a profit of 89,327 thousand US dollars, the only year with a positive result within this timeline.

The following year, the net income reverted to a loss of -19,271 thousand US dollars, though this was substantially less severe than previous losses, indicating potential volatility but with manageable losses.

Adjusted Net Income (Loss) Attributable to CrowdStrike

The adjusted net income closely tracks the reported net income figures, suggesting minimal adjustments between reported and adjusted results.

Beginning with a loss of -140,458 thousand US dollars in the fiscal year ending January 31, 2020, the adjusted loss somewhat increased to -93,949 thousand US dollars in the following year. This reflects a pattern consistent with the reported results.

In 2022, the adjusted net loss also peaked at -234,802 thousand US dollars before improving to -183,245 thousand US dollars the next year.

In the fiscal year ended January 31, 2024, the adjusted net income mirrored the reported figure with a positive 89,277 thousand US dollars, indicating an improved financial performance.

Finally, the loss in 2025 at -18,570 thousand US dollars aligns closely with the reported net loss, confirming the consistency of adjustments.

Overall, the trend indicates a company facing significant losses throughout multiple fiscal years, with the exception of a singular profitable year. There is evidence of substantial volatility, with losses peaking notably in 2022, followed by an improvement which culminated in profitability in 2024, but subsequently returning to losses of a smaller magnitude. The close alignment between reported and adjusted net income suggests that extraordinary or non-recurring items had limited impact on net income adjustments during this period.

The financial performance over the analyzed periods displays notable fluctuations and improvements followed by some decline in the latest reported year.

Net Profit Margin

The reported net profit margin started with a significant negative value of -29.45% in 2020, indicating substantial losses. This negative trend improved markedly by 2021 to -10.59%, showing progress toward profitability. However, there was a deterioration in 2022 to -16.18%, before improving again to -8.18% in 2023. In 2024, the margin turned positive at 2.92%, reflecting a shift to profitability. The 2025 estimate slightly regresses with a minor loss of -0.49%. The adjusted net profit margin closely follows the reported margin across all years, confirming the consistency of underlying profitability trends.

Return on Equity (ROE)

The reported ROE mirrors the net profit margin trend with negative returns indicating losses for shareholders in most years. It started at -19.1% in 2020, improved to -10.64% in 2021, then dropped significantly to -22.89% in 2022. A recovery phase is visible with an increase to -12.52% in 2023, followed by a positive return of 3.88% in 2024, indicating value creation for equity holders for the first time during the period. The 2025 forecast shows a small decline to -0.59%. Adjusted ROE values remain closely aligned, suggesting adjustments do not materially alter the return profile.

Return on Assets (ROA)

The company’s efficiency in generating returns from assets is reflected in the ROA values, which consistently remain negative from 2020 through 2023, starting at -10.09% and improving to -3.65% by 2023. In 2024, the ROA turns positive at 1.34%, indicating improved asset utilization. However, the forecast for 2025 dips slightly to -0.22%. Adjusted ROA closely tracks the reported figures, reinforcing the observed low but improving asset returns up to 2024 and a slight decline thereafter.

Overall, the data portrays a company that struggled with strong losses and low profitability in earlier years but demonstrated signs of financial improvement approaching 2024, as seen through margins and returns turning positive. Nonetheless, the slight regression forecasted for 2025 suggests potential challenges ahead or normalization after a period of improvement. The close alignment between reported and adjusted figures indicates that non-recurring or unusual items have minimal impact on the core profitability and return metrics.

The financial data indicates significant fluctuations in the company's profitability over the analyzed periods. Both reported and adjusted net income figures exhibit a pattern of losses in most years, with a notable transition to positive net income in the period ending January 31, 2024, followed by a return to a loss in the subsequent period.

Reported Net Income (Loss) Attributable to CrowdStrike

The reported net income shows a loss of $141.8 million in 2020, which improves somewhat to a loss of $92.6 million in 2021. However, this is followed by a sharp increase in losses to $234.8 million in 2022. In 2023, the losses narrowed to $183.2 million, and in 2024, there was a significant positive turnaround yielding a net income of $89.3 million. This positive spike was short-lived, as the company reported a loss again of $19.3 million in 2025.

Adjusted Net Income (Loss) Attributable to CrowdStrike

The adjusted net income closely mirrors the reported figures, indicating adjustments had minimal impact on the overall profitability trend. Losses were $140.5 million in 2020 and worsened slightly to $93.9 million in 2021, followed by the same $234.8 million loss in 2022 as reported. Improvements were observed in 2023 with losses of $183.2 million, then a significant profit of $89.3 million in 2024, before slipping back to a loss of $18.6 million in 2025.

Reported Net Profit Margin (%)

The reported net profit margin follows a similar trajectory to net income values, starting at -29.45% in 2020, improving to -10.59% in 2021. The margin declined again in 2022 to -16.18%, then improved to -8.18% in 2023. The margin turned positive to 2.92% in 2024, indicating profitability, but decreased to a slight negative -0.49% in 2025.

Adjusted Net Profit Margin (%)

The adjusted net profit margin aligns closely with the reported margin, starting at -29.18% in 2020 and following the same general pattern of improvement and decline over the years. Margins were -10.74% in 2021, -16.18% in 2022, -8.18% in 2023, turning positive to 2.92% in 2024, and then slightly negative at -0.47% in 2025.

Overall, the data reveals a challenging profitability environment with substantial losses sustained through most periods, interrupted by a notable positive profit margin and net income in 2024. This suggests a period of improved operational performance or non-recurring gains in that year. However, the return to losses immediately afterward indicates either volatility in earnings or the inability to sustain profitability. The parallel movement of reported and adjusted figures suggests that non-operational adjustments did not significantly alter the underlying performance trends over time.

The financial data reveals a fluctuating pattern in both reported and adjusted net income attributable to the company over the six-year period ending January 31, 2025. Initially, the company experienced significant net losses, with reported net losses peaking in the year ending January 31, 2022. This year showed the highest negative values in net income, surpassing the losses observed in prior periods.

From the fiscal year ending January 31, 2023 to January 31, 2024, there is a notable positive turnaround as the company shifts from losses to a reported net income gain. This upward movement is reflected by a reported net income of 89,327 thousand US dollars in 2024, which stands out as an isolated positive result amid predominantly negative outcomes. However, this recovery appears temporary, as the subsequent fiscal year ending January 31, 2025 reflects a return to a loss position, although the magnitude of the loss is significantly reduced compared to earlier years.

The adjusted net income figures mirror the reported data closely, indicating that the adjustments made do not materially alter the trend or the scale of profit or loss recognition. The adjustment impact is minimal across all years, suggesting consistency between reported and adjusted earnings assessments.

In terms of return on equity (ROE), the company exhibits negative returns throughout most of the examined period, indicative of ongoing challenges in generating shareholder value. The lowest ROE value is recorded in 2022, aligning with the peak net loss in the same year. Notably, a positive ROE appears in the year ending January 31, 2024, corresponding with the brief net income gain in that fiscal year. This improvement suggests a temporary enhancement in profitability or equity efficiency.

Despite this, the subsequent decline back toward negative ROE in 2025 signals persistent difficulties in maintaining consistent profitability. The similarity in trends between reported ROE and adjusted ROE further confirms the negligible impact of financial adjustments on profitability metrics.

Overall, the data highlights a company struggling to achieve sustained profitability and positive returns on equity over the analyzed period, with only a brief, isolated improvement in the fiscal year ending January 31, 2024. This pattern suggests volatility in financial performance and potential challenges in operational or market conditions affecting net income generation and shareholder value creation.

Net Income Trends

Significant net losses from 2020 through 2023, peak loss in 2022, brief positive income in 2024, followed by a return to losses in 2025 with reduced magnitude.

Adjusted vs. Reported Net Income

Consistent alignment between reported and adjusted figures across all years, indicating minimal effects of adjustments on net income evaluations.

Return on Equity (ROE)

Predominantly negative ROE throughout most years, lowest ROE in 2022, positive ROE in 2024 concurrent with net income gain, decline back toward negative ROE in 2025.

Financial Performance Insights

Volatility and inconsistent profitability indicate challenges in maintaining sustained positive financial outcomes and shareholder returns.

Net Income (Loss) Trends

The reported net income attributable to the company exhibits significant fluctuations over the observed periods. Initially, the company experienced substantial losses in 2020 and 2021, with a decrease from -141,779 thousand USD to -92,629 thousand USD, indicating some improvement year-over-year. However, 2022 saw a deepening of losses, reaching -234,802 thousand USD, followed by a slight recovery in 2023 with a loss of -183,245 thousand USD. Notably, in 2024, the company reported a positive net income of 89,327 thousand USD, marking a significant turnaround. The following year, 2025, again presented a loss, though smaller in magnitude (-19,271 thousand USD) compared to earlier years.

Adjusted Net Income Patterns

The adjusted net income follows a trend closely mirroring the reported net income, indicating that adjustments do not significantly alter the overall income trajectory. Similar improvements and setbacks occur in the same periods, including the notable positive adjusted net income in 2024 and a return to a loss position in 2025, albeit less severe than in prior years.

Return on Assets (ROA) Analysis

The reported ROA percentage displays an improvement from -10.09% in 2020 to -3.39% in 2021, reflecting enhanced asset efficiency despite ongoing losses. This trend reverses in 2022 with a decline to -6.49%, followed by a modest improvement in 2023 at -3.65%. The ROA turns positive in 2024, reaching 1.34%, aligning with the positive net income reported in the same period. However, the benefit is short-lived as 2025 sees a near neutral ROA of -0.22%, signaling a loss relative to asset base but close to breakeven. Adjusted ROA closely follows the reported figures, with negligible variation across the periods examined.

Overall Observations

The data shows a company experiencing volatility with periods of deep losses interspersed with brief recoveries, peaking in 2024 when profitability was achieved on both reported and adjusted metrics. The consistency between reported and adjusted values suggests that the operational performance and income trends are stable and not significantly influenced by accounting adjustments. The ROA trends correspond well with income performance, confirming shifts in asset utilization efficiency over time. Despite signs of improvement, the return to loss in the latest period indicates ongoing challenges in maintaining consistent profitability.