Forensic Analysis · Technology / Software · as of Aug 7, 2026

Crowdstrike Holdings, Inc. (CRWD)

A forensic read on Crowdstrike Holdings, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Safe

Financial health

14.0

Distress distance

Clean

Earnings quality

Forensic signals

-4458.0

P / E (ttm)

-3.7%

ROE

$229.2B

Market cap

0.00%

Dividend yield

21.7%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Crowdstrike Holdings, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 14.0, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

-13.9%

FY2026

Return on invested capital. Return on invested capital is -13.9% in the latest fiscal year and rising from -33% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.

+2.4%/yr

FY2023–FY2026

Share-count dilution. Diluted share count changed +7% over the last 3 years to FY2026 (+2.4%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~2.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~7%.

23% of rev

FY2026

Stock-based comp load. Stock-based compensation ran 23% of revenue and 84% of free cash flow in FY2026 — about $4.38 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 2.4% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.

Key fundamentals

Latest Revenue$4.81B

Revenue Growth YoY+21.7%

Revenue CAGR (3yr)+29.0%

Net Margin-3.4%

Free Cash Flow$1.31B

Return on Equity-3.7%

Debt / Equity0.17x

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Data from SEC EDGAR public filings · metrics as of Aug 7, 2026. Forensic signals flag probability, not certainty.