ROIC (Return on Invested Capital): [ROIC (Return on Invested Capital)]
Debt/Equity: N/A (Missing Liabilities)
Free Cash Flow Yield: [Free Cash Flow Yield]
Free Cash Flow Trend: [Free Cash Flow Trend]
2. Financial Trends
3. Historical Data
Year
Revenue
Net Income
Gross Profit
Op. Cash Flow
2025
3.95B
-19.27M
2.96B
1.38B
2024
3.06B
89.33M
2.30B
1.17B
2023
2.24B
-183.25M
1.64B
941.01M
2022
1.45B
-234.80M
1.07B
574.78M
2021
874.44M
-92.63M
644.89M
356.57M
4. Competitive Advantage (Moat)
Type of Moat: Network Effect, Switching Costs, Intangible Assets
Strength: Wide
Description: CrowdStrike benefits from a network effect as more customers and data enhance its AI capabilities and threat intelligence. High switching costs are created as customers deeply integrate the Falcon platform into their security operations. Intangible assets, such as threat intelligence expertise and a massive, annotated security dataset, contribute to a strong competitive advantage.
5. Management Quality
CEO: George Kurtz
Capital Allocation: Reinvestment in platform innovation, AI, cloud, identity, and next-gen SIEM. Mentioned disciplined approach to investing.
Tone: Optimistic
Key Quotes:
"CrowdStrike Holdings, Inc. is cybersecurity's AI-native SOC."
"In our AI-evolving world, cybersecurity will be an increasingly essential ingredient for life in the AI era. And now, more than ever, the world needs CrowdStrike Holdings, Inc."
6. Growth Prospects
Total Addressable Market (TAM): [Size and Growth Rate]
Market Share: [Current share and potential to gain]
New Products/Services: [Pipeline]
7. Scuttlebutt & Soft Data
Customer Reviews: [Trends in customer satisfaction]
Employee Feedback: [Glassdoor ratings, turnover]
Channel Checks: [Insights from suppliers or distributors]
8. Valuation
P/E Ratio: [Current vs. Historical vs. Peers]
EV/EBITDA: [Current vs. Historical vs. Peers]
DCF Fair Value: [Estimate]
9. Risks
[Risk 1: Competitive pressures in cloud security, identity, and next-gen SIEM markets]
[Risk 2: Execution risk in achieving net new ARR reacceleration and margin expansion in the second half of FY2026]
[Risk 3: Potential for security incidents and outages to negatively impact customer trust and financial results]
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