The company maintains a conservative capital structure with a debt-to-equity ratio of 0.18 as of 2027Q1, supported by a substantial $4.6B cash reserve.
| Total Current Assets | 6.3B | 7.42B | 5.77B | 4.51B | 3.45B | 2.44B | 2.21B | 1.13B | 302.54M | 138M | 63.57M |
| Cash & Short-Term Investments | 4.55B | 5.23B | 4.32B | 3.47B | 2.71B | 2B | 1.92B | 912.06M | 191.66M | 65.77M | 33.45M |
| Cash Only | 4.55B | 5.23B | 4.32B | 3.38B | 2.46B | 2B | 1.92B | 264.8M | 88.41M | 63.18M | 22.83M |
| Short-Term Investments | 0 | 0 | 0 | 99.59M | 250M | 0 | 0 | 647.27M | 103.25M | 2.59M | 10.62M |
| Accounts Receivable | 933.89M | 1.36B | 1.13B | 853.11M | 626.18M | 368.14M | 239.2M | 164.99M | 92.48M | 59.81M | 24.65M |
| Days Sales Outstanding | 75.15 | 103.3 | 104.19 | 101.91 | 101.98 | 92.57 | 99.84 | 125.09 | 135.11 | 183.84 | 170.59 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 814.93M | 827.15M | 67.14M | 183.17M | 121.86M | 12.78M | 4.57M | 6.52M | 1.1M | 2.14M | 931K |
| Total Non-Current Assets | 4.97B | 3.67B | 2.94B | 2.14B | 1.57B | 1.17B | 521.11M | 276.24M | 130.68M | 79.71M | 27.8M |
| Property, Plant & Equipment | 1.14B | 1.05B | 831.4M | 668.38M | 532.27M | 292.31M | 203.5M | 136.08M | 73.73M | 40.75M | 15.08M |
| Fixed Asset Turnover | 4.96x | 4.60x | 4.76x | 4.57x | 4.21x | 4.97x | 4.30x | 3.54x | 3.39x | 2.91x | 3.50x |
| Goodwill | 2.27B | 1.36B | 912.8M | 638.04M | 430.64M | 416.44M | 83.57M | 7.72M | 7.95M | 8.42M | 0 |
| Intangible Assets | 285.74M | 136.7M | 133.11M | 114.52M | 86.89M | 97.34M | 15.68M | 527K | 1.05M | 1.74M | 403K |
| Long-Term Investments | 296.91M | 76.83M | 72.54M | 56.24M | 47.27M | 23.63M | 2.5M | 1M | 0 | 0 | 2.25M |
| Other Non-Current Assets | 1.21B | 1.04B | 985.41M | 658.4M | 476.05M | 344.53M | 215.87M | 130.91M | 47.95M | 28.8M | 10.07M |
| Total Assets | 11.27B | 11.09B | 8.7B | 6.65B | 5.03B | 3.62B | 2.73B | 1.4B | 433.22M | 217.7M | 91.37M |
| Asset Turnover | 0.49x | 0.43x | 0.45x | 0.46x | 0.45x | 0.40x | 0.32x | 0.34x | 0.58x | 0.55x | 0.58x |
| Asset Growth % | 113.66% | 27.41% | 30.92% | 32.23% | 38.92% | 32.42% | 94.5% | 224.29% | 99% | 138.26% | - |
| Total Current Liabilities | 4.12B | 4.18B | 3.46B | 2.7B | 2.11B | 1.41B | 863.55M | 493.1M | 281.42M | 165.89M | 89.06M |
| Accounts Payable | 54.22M | 105.32M | 130.89M | 28.18M | 45.37M | 47.63M | 12.06M | 1.34M | 6.86M | 12.26M | 2.46M |
| Days Payables Outstanding | 29.53 | 31.54 | 48.18 | 13.61 | 27.54 | 45.37 | 19.18 | 3.47 | 28.68 | 82.14 | 26.44 |
| Short-Term Debt | 19.89M | 18.23M | 0 | 14.15M | 13.05M | 9.82M | 8.98M | 0 | 0 | 0 | 19.59M |
| Deferred Revenue (Current) | 12.42B | 3.42B | 2.73B | 2.27B | 1.73B | 1.14B | 701.99M | 412.99M | 218.7M | 109M | 51.27M |
| Other Current Liabilities | 103.24M | 639.59M | 250.29M | 149.57M | 154.4M | 102.53M | 68.62M | 41.96M | 35.63M | 25.59M | 6.03M |
| Current Ratio | 1.53x | 1.77x | 1.67x | 1.67x | 1.64x | 1.74x | 2.56x | 2.29x | 1.08x | 0.83x | 0.71x |
| Quick Ratio | 1.53x | 1.77x | 1.67x | 1.67x | 1.64x | 1.74x | 2.56x | 2.29x | 1.08x | 0.83x | 0.71x |
| Cash Conversion Cycle | 45.62 | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.48B | 2.43B | 1.92B | 1.61B | 1.43B | 1.17B | 997.11M | 169.2M | 81.68M | 70.27M | 31.04M |
| Long-Term Debt | 745.84M | 745.47M | 743.98M | 742.49M | 741M | 739.52M | 738.03M | 0 | 0 | 15.97M | 4.88M |
| Capital Lease Obligations | 221.94M | 56.37M | 31.11M | 36.23M | 29.57M | 25.38M | 31.99M | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 56.1M | 0 | 53.1M | 12.7M | 4.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 325.5M | 295.65M | 97.75M | 37.39M | 27.63M | 16.19M | 17.18M | 11.02M | 10.31M | 4.35M | 881K |
| Total Liabilities | 6.59B | 6.61B | 5.38B | 4.31B | 3.54B | 2.58B | 1.86B | 662.3M | 363.1M | 236.16M | 120.1M |
| Total Debt | 821.34M | 820.08M | 788.9M | 792.87M | 783.62M | 774.72M | 778.99M | 0 | 0 | 15.97M | 24.46M |
| Net Debt | -3.73B | -4.41B | -3.53B | -2.58B | -1.67B | -1.22B | -1.14B | -264.8M | -88.41M | -47.21M | 1.64M |
| Debt / Equity | 0.18x | 0.18x | 0.24x | 0.34x | 0.53x | 0.75x | 0.89x | - | - | - | - |
| Debt / EBITDA | 7.74x | - | 8.44x | 5.53x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -35.17x | - | -37.79x | -18.02x | - | - | - | - | - | - | - |
| Interest Coverage | 1.07x | -3.53x | 3.07x | 5.77x | -5.31x | -5.34x | -55.36x | -315.25x | -323.09x | -80.35x | -147.38x |
| Total Equity | 4.68B | 4.47B | 3.32B | 2.34B | 1.49B | 1.04B | 871.87M | 742.61M | 70.12M | -18.46M | -28.73M |
| Equity Growth % | 131.08% | 34.76% | 42.01% | 57.12% | 43.35% | 19.01% | 17.41% | 959.07% | 479.88% | 35.74% | - |
| Book Value per Share | 18.13 | 17.33 | 13.56 | 9.59 | 6.38 | 4.57 | 4.00 | 3.49 | 0.41 | -0.11 | -0.17 |
| Total Shareholders' Equity | 4.63B | 4.43B | 3.28B | 2.3B | 1.46B | 1.03B | 870.57M | 742.11M | 70.12M | -18.46M | -28.73M |
| Common Stock | 127K | 127K | 124K | 121K | 118K | 115K | 112K | 106K | 24K | 22K | 20K |
| Retained Earnings | -1.26B | -1.28B | -1.08B | -1.06B | -1.15B | -964.92M | -730.12M | -637.49M | -519.13M | -378.95M | -243.46M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 35.65M | 16.76M | -9.59M | -1.66M | -1.02M | -1.24M | 2.32M | 1.01M | 98K | 970K | -15K |
| Minority Interest | 41.45M | 44.22M | 39.42M | 33.14M | 23.79M | 11.88M | 1.3M | 500K | 0 | 0 | 0 |
Operational outage liability exposure
According to the provided quarterly balance sheets, CrowdStrike has successfully expanded its total asset base from $6.6B in 2024Q4 to $11.3B in 2027Q1, a trend that suggests the company is effectively scaling its infrastructure to support a growing global customer base while maintaining a stable liability profile.
The consistent growth in total assets relative to liabilities indicates a strengthening financial position that supports the company's long-term scaling objectives. Investors should monitor whether this asset accumulation continues to translate into higher revenue efficiency or if it reflects increasing capital intensity required to maintain the platform's competitive edge.
Based on reported financial figures, the company maintains a conservative capital structure with a debt-to-equity ratio of 0.18 as of 2027Q1, demonstrating that management has prioritized financial flexibility and avoided the risks associated with high leverage in a volatile cybersecurity market environment.
The minimal reliance on debt suggests that the company is well-positioned to navigate potential macroeconomic headwinds or litigation-related cash outflows without the pressure of significant interest obligations. This low leverage profile appears to be a strategic choice that provides a substantial buffer against the operational risks identified in recent periods.
As reported in recent balance sheets, the company holds $4.6B in cash as of 2027Q1, providing a significant liquidity buffer that, despite a current ratio of 1.53, suggests the firm is well-equipped to manage short-term obligations and potential remediation costs stemming from recent operational challenges.
The substantial cash position serves as a critical defensive asset, allowing the company to invest in R&D and strategic acquisitions even during periods of operational uncertainty. While the current ratio has moderated from its peak, the absolute level of liquidity remains a core strength that distinguishes the company from more capital-constrained peers.
Data from the balance sheet indicates that equity has grown to $4.6B by 2027Q1, yet this expansion is tempered by persistent negative retained earnings of $1.3B, a trend that highlights the ongoing impact of aggressive stock-based compensation and the prioritization of growth over immediate GAAP profitability.
The reliance on equity-based incentives to attract and retain talent appears to be a structural feature of the company's compensation strategy, which effectively preserves cash but results in ongoing dilution for shareholders. Investors should evaluate whether the long-term value creation from this talent strategy justifies the persistent drag on retained earnings.
Based on the provided financial data, goodwill has increased from $638.0M in 2024Q4 to $2.3B in 2027Q1, which suggests that the company's growth strategy is increasingly dependent on inorganic acquisitions to maintain its competitive positioning and expand its technological capabilities beyond the core endpoint security module.
The rapid accumulation of goodwill warrants further investigation into the integration success and long-term value of these acquired assets, as any future impairment could negatively impact the balance sheet. This trend may indicate that the company is finding it more efficient to buy innovation rather than develop it internally, which introduces execution risks.
Quick answers to the most common questions about buying CRWD stock.
As of 2026, CrowdStrike Holdings, Inc. (CRWD) had total assets of $11.09B including $7.42B in current assets.
CrowdStrike Holdings, Inc. (CRWD) carries total debt of $820.1M, offset by $5.23B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
CrowdStrike Holdings, Inc. (CRWD) has total shareholders' equity (book value) of $4.43B ($17.33 book value per share). Book value represents the net worth of the company belonging to common stock holders.
CrowdStrike Holdings, Inc. (CRWD) reported a current ratio of 1.77x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.