How does CrowdStrike (CRWD) make money?

CrowdStrike (CRWD) generates revenue primarily from Subscription And Circulation, which accounted for 72% of total revenue in TTM through Q2 2026. The company reported $5.09B in revenue and converted -0.5% of it into net profit, equivalent to roughly -$24.5M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of CrowdStrike (CRWD)?

CrowdStrike (CRWD) reported a gross profit margin of 75% in TTM through Q2 2026, equivalent to $3.82B in gross profit on $5.09B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of CrowdStrike (CRWD)?

CrowdStrike (CRWD) reported an operating profit margin of -3.9% in TTM through Q2 2026, equivalent to -$199M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of CrowdStrike (CRWD)?

CrowdStrike (CRWD) reported a net profit margin of -0.5% in TTM through Q2 2026, equivalent to -$24.5M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is CrowdStrike (CRWD) profitable?

CrowdStrike (CRWD) reported a net loss of $24.5M for TTM through Q2 2026, a net profit margin of -0.5%. Combined operating expenses, interest, and income taxes exceeded revenue, so the period closed in the red on a reported basis.

How much does CrowdStrike (CRWD) invest in research and development?

CrowdStrike (CRWD) invested $1.46B in research and development during TTM through Q2 2026, roughly 28.6% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does CrowdStrike (CRWD) spend on capital expenditures?

CrowdStrike (CRWD) spent $367M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 7.2% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does CrowdStrike (CRWD) generate?

CrowdStrike (CRWD) generated $1.45B in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 28.5%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of CrowdStrike (CRWD)?

CrowdStrike (CRWD) had an effective tax rate of 314.5% in TTM through Q2 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of CrowdStrike (CRWD)?

CrowdStrike (CRWD) reports revenue across 3 reportable product segments, led by Subscription And Circulation at 72% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How CrowdStrike Makes Money: 2026 Visual Revenue Map

CrowdStrike (CRWD) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending April 30, 2026 (reported June 4, 2026).

CrowdStrike discloses geographic revenue only in annual filings. to view the full breakdown.

CrowdStrike (CRWD) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for CrowdStrike (CRWD), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Subscription And Circulation	$3.67B	72%
Subscription and Circulation	$1.17B	22.9%
Professional Services	$259M	5.1%
Total	$5.09B	100%

Subscription And Circulation$3.67B
Subscription and Circulation$1.17B
Professional Services$259M
Total$5.09B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, CrowdStrike (CRWD) reports revenue across 3 reportable product segments; the largest segment was Subscription And Circulation at 72%, followed by Subscription and Circulation (22.9%) and Professional Services (5.1%).

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