CRWD CrowdStrike Holdings Inc.
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Daily prices, adjusted for splits. P/E and P/S value each day on the results published by then; a gap in P/E means the trailing year had no profit.
Software - Infrastructure · Austin, TX · 11,706 employees · crowdstrike.com
CrowdStrike Holdings provides cybersecurity solutions designed to protect endpoints, cloud workloads, identities, and data across domestic and international markets. The company generates revenue primarily by selling subscriptions to its cloud-delivered Falcon platform and related security modules under a software-as-a-service model.
Bull case
The business benefits from contracted backlog expanding at a substantially faster rate than revenue. It also sees tailwinds from selling artificial intelligence tools to its clients, supported by its repository of customer and operational data required for these applications.
- Contracted backlog grew +49% over the year, against +24% for revenue.
- The share price trend is rising.
Bear case
A substantial portion of the company's revenue is consumed by stock-based compensation.
- Trades at the 98th percentile of its own valuation history.
- The price assumes about +60% a year cash-flow growth, more than the +14% a year it delivered.
- Valued above what companies with similar growth, margins and size trade at.
- Stock pay equals 23% of revenue.
Features
- V-OVERVALUED Overvalued The price is 118% above its own-history reference value.
- G-AGENCY Heavy stock pay Stock pay equals 23% of revenue.
- F-BACKLOG-VELOCITY Backlog outpacing revenue Contracted backlog grew +49% over the year, against +24% for revenue.
AI impact
Sells AI to its customers Tailwind
CrowdStrike sells cloud-based cybersecurity software that uses artificial intelligence to detect and stop threats. Its main advantage is the proprietary security data gathered across its platform to continuously train and improve its models, while its key risk is that competitors might integrate artificial intelligence more effectively into rival products.
Where AI helps it
- Holds customer and operational data that AI products need
- Its software sits where AI agents would do the work (minor)
- Can sell AI to a large base of existing customers (minor)
Where AI could hurt it
- AI tools could do part of what it sells (minor)
In the company's words
The more data that is fed into our Falcon platform, the more intelligent the AI Security Cloud becomes, the stronger our ability to anticipate and counter evolving adversary tradecraft, and the more our customers benefit, creating a powerful network effect that increases the overall value we…
Our competitors may more successfully incorporate AI into their products, gain or leverage superior access
Assessed by AI from the company's own annual report filed 5 Mar 2026 and quarterly report filed 27 Aug 2026. A reading of the business, not a forecast or a recommendation.
Valuation position
CRWD is at the 98th percentile of its own valuation history. Depending on how far back you look, it ranges from the 98th to the 100th percentile. This is a relative measurement, not a price target or recommendation, and it assumes the business is still the one its history describes.
Price ladder
The measured price sits in the Above reference zone. These are reference zones, not buy instructions or forecasts that the prices will be reached.
What the price assumes
The measured price implies roughly +60.1% annual cash-flow growth, between +49.5% and +68.1% under other reasonable assumptions. Over the last three years it delivered +14.0% a year.
An estimate that depends on its assumptions, not a forecast.
Quality versus peers
Each dimension is shown on its own; they are not combined into a score.
Current analyst snapshot
Shown for reference only; not used in any measurement.
What would have to break
- Not triggered — Revenue decline
- Not triggered — Margin break
- Not available — Cash burn with rising debt
- Not triggered — Heavy dilution
- Not triggered — Warning language in filings
News
No recent brief on this company.