Common-Size Balance Sheet: Assets
Quarterly Data
CrowdStrike Holdings Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2026-04-30), 10-K (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30).
The asset structure of the organization exhibits a significant transition from a highly liquid, cash-dominant position toward a more diversified balance sheet characterized by an increase in long-term and intangible assets. This shift is most evident in the gradual reduction of current assets as a percentage of the total asset base over the observed period.
- Liquidity and Cash Position
- Cash and cash equivalents, which initially represented 66.14% of total assets, showed a long-term downward trend, ending at 40.40%. This decline is mirrored by the overall percentage of current assets, which decreased from 82.17% to 55.91%. While there were periodic fluctuations, such as a peak in January 2021, the general trajectory indicates a reduction in the proportion of highly liquid assets relative to the total balance sheet.
- Intangible Assets and Strategic Growth
- A pronounced increase is observed in goodwill and intangible assets. Goodwill rose from a negligible 0.50% to 20.12%, with a significant jump occurring in April 2021. Intangible assets also saw an increase, peaking at 2.54% toward the end of the period. These patterns suggest a strategy focused on growth through acquisitions and the integration of external intellectual property.
- Long-Term Asset Expansion
- Long-term assets grew from 17.83% to 44.09% of total assets. This expansion was driven primarily by the aforementioned rise in goodwill, alongside a steady increase in other long-term assets, which grew from 1.13% to 4.17%. Property and equipment remained relatively stable, fluctuating between 6% and 10%, indicating that the shift toward long-term assets is not driven by physical infrastructure but by strategic acquisitions.
- Operating Asset Trends
- Accounts receivable remained a consistent component of the asset base, generally fluctuating between 8% and 13%, without a definitive long-term upward or downward trend. Deferred contract acquisition costs, both current and noncurrent, showed stability; the noncurrent portion saw a slight increase from 4.60% to 6.59%, reflecting a consistent approach to the capitalization of customer acquisition costs.
In summary, the balance sheet has evolved from a lean, cash-centric model to one with a heavier weighting toward long-term strategic investments and goodwill. This evolution suggests a shift in the company's lifecycle from a phase of primary capital accumulation to a phase of strategic expansion and asset diversification.
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