Stock Analysis on Net
Stock Analysis on Net

CrowdStrike Holdings Inc. (NASDAQ:CRWD)

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

CrowdStrike Holdings Inc., adjustment to net income (loss) attributable to CrowdStrike

US$ in thousands

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Net income (loss) attributable to CrowdStrike (as reported) 89,327 (183,245) (234,802) (92,629) (141,779)
Add: Unrealized gain (loss) on short-term investments, net of tax (50) — — — 1,321
Less: Reversal of unrealized (gain) loss upon sale of debt securities, net of tax — — — (1,320) —
Net income (loss) attributable to CrowdStrike (adjusted) 89,277 (183,245) (234,802) (93,949) (140,458)

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

CrowdStrike Holdings Inc., adjusted profitability ratios

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
Net Profit Margin
Reported net profit margin 2.92% -8.18% -16.18% -10.59% -29.45%
Adjusted net profit margin 2.92% -8.18% -16.18% -10.74% -29.18%
Return on Equity (ROE)
Reported ROE 3.88% -12.52% -22.89% -10.64% -19.10%
Adjusted ROE 3.87% -12.52% -22.89% -10.79% -18.93%
Return on Assets (ROA)
Reported ROA 1.34% -3.65% -6.49% -3.39% -10.09%
Adjusted ROA 1.34% -3.65% -6.49% -3.44% -10.00%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. CrowdStrike Holdings Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. CrowdStrike Holdings Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. CrowdStrike Holdings Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.

CrowdStrike Holdings Inc., Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to CrowdStrike 89,327 (183,245) (234,802) (92,629) (141,779)
Revenue 3,055,555 2,241,236 1,451,594 874,438 481,413
Profitability Ratio
Net profit margin1 2.92% -8.18% -16.18% -10.59% -29.45%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) attributable to CrowdStrike 89,277 (183,245) (234,802) (93,949) (140,458)
Revenue 3,055,555 2,241,236 1,451,594 874,438 481,413
Profitability Ratio
Adjusted net profit margin2 2.92% -8.18% -16.18% -10.74% -29.18%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

2024 Calculations

1 Net profit margin = 100 × Net income (loss) attributable to CrowdStrike ÷ Revenue
= 100 × 89,327 ÷ 3,055,555 = 2.92%

2 Adjusted net profit margin = 100 × Adjusted net income (loss) attributable to CrowdStrike ÷ Revenue
= 100 × 89,277 ÷ 3,055,555 = 2.92%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. CrowdStrike Holdings Inc. adjusted net profit margin ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to CrowdStrike 89,327 (183,245) (234,802) (92,629) (141,779)
Total CrowdStrike Holdings, Inc. stockholders’ equity 2,303,950 1,463,641 1,025,764 870,574 742,107
Profitability Ratio
ROE1 3.88% -12.52% -22.89% -10.64% -19.10%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) attributable to CrowdStrike 89,277 (183,245) (234,802) (93,949) (140,458)
Total CrowdStrike Holdings, Inc. stockholders’ equity 2,303,950 1,463,641 1,025,764 870,574 742,107
Profitability Ratio
Adjusted ROE2 3.87% -12.52% -22.89% -10.79% -18.93%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

2024 Calculations

1 ROE = 100 × Net income (loss) attributable to CrowdStrike ÷ Total CrowdStrike Holdings, Inc. stockholders’ equity
= 100 × 89,327 ÷ 2,303,950 = 3.88%

2 Adjusted ROE = 100 × Adjusted net income (loss) attributable to CrowdStrike ÷ Total CrowdStrike Holdings, Inc. stockholders’ equity
= 100 × 89,277 ÷ 2,303,950 = 3.87%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. CrowdStrike Holdings Inc. adjusted ROE improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020
As Reported
Selected Financial Data (US$ in thousands)
Net income (loss) attributable to CrowdStrike 89,327 (183,245) (234,802) (92,629) (141,779)
Total assets 6,646,520 5,026,540 3,618,381 2,732,533 1,404,906
Profitability Ratio
ROA1 1.34% -3.65% -6.49% -3.39% -10.09%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in thousands)
Adjusted net income (loss) attributable to CrowdStrike 89,277 (183,245) (234,802) (93,949) (140,458)
Total assets 6,646,520 5,026,540 3,618,381 2,732,533 1,404,906
Profitability Ratio
Adjusted ROA2 1.34% -3.65% -6.49% -3.44% -10.00%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31).

2024 Calculations

1 ROA = 100 × Net income (loss) attributable to CrowdStrike ÷ Total assets
= 100 × 89,327 ÷ 6,646,520 = 1.34%

2 Adjusted ROA = 100 × Adjusted net income (loss) attributable to CrowdStrike ÷ Total assets
= 100 × 89,277 ÷ 6,646,520 = 1.34%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. CrowdStrike Holdings Inc. adjusted ROA improved from 2022 to 2023 and from 2023 to 2024.