CrowdStrike(NASDAQ:CRWD) 
CrowdStrike Holdings, Inc. provides cloud-delivered solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. It offers 19 cloud modules on its Falcon platform through a software as a service subscription-based mode...
Website: http://www.crowdstrike.com
Founded: 2011
IPO Price: $34 (Jun 12, 2019)
Full Time Employees: 7,273 (Jan 2023)
Founder: George Kurtz, Dmitri Alperovitch, Gregg Marston
CEO: George P. Kurtz
Sector: Technology
Industry: Software-Infrastructure
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At a glance:
- Leading Cloud-Native Cybersecurity Platform: CrowdStrike's Falcon platform offers comprehensive, AI-powered endpoint, cloud, identity, and data protection, establishing it as a leader in the modern cybersecurity landscape with a unified, agent-based approach.
- Strong Subscription Revenue and Profitability: Operates on a high-margin, recurring subscription model, consistently delivering robust revenue growth, expanding non-GAAP operating margins, and generating significant free cash flow.
- AI-Powered Innovation and Platform Expansion: Continuously leverages AI and machine learning to enhance its threat detection capabilities and expand its module offerings beyond endpoints into cloud security, identity protection, log management, and data security.
- Disrupting Legacy Cybersecurity Solutions: Its cloud-native architecture and unified platform provide a significant advantage over traditional, on-premise security vendors, driving market share gains by offering superior protection and operational efficiency.
Bull Thesis:
- Market Leadership and Platform Expansion: CrowdStrike continues to solidify its position as a leader in endpoint security (EDR) and is successfully expanding its Falcon platform into adjacent high-growth areas like cloud security, identity protection, data protection, and SIEM (LogScale). This broadens its total addressable market (TAM) and creates a stronger competitive moat by offering a comprehensive, integrated security solution.
- Strong Recurring Revenue and High Retention: The company operates on a robust SaaS model, generating high-margin recurring subscription revenue. CrowdStrike consistently reports strong gross retention rates and impressive net retention rates, indicating high customer satisfaction, stickiness, and success in upselling additional modules to existing clients, driving predictable revenue growth.
- AI-Native Advantage and Superior Threat Detection: CrowdStrike's cloud-native Falcon platform leverages a vast dataset and advanced AI/ML capabilities to provide superior threat detection, prevention, and response. This AI-first approach allows for rapid identification of sophisticated threats, offering a significant technological advantage over legacy solutions and enabling proactive security for customers.
- Demonstrated Profitability and Free Cash Flow Generation: CrowdStrike has shown strong operating leverage, consistently improving its non-GAAP operating margins and generating substantial free cash flow. This financial discipline demonstrates the scalability and efficiency of its business model, providing capital for reinvestment and indicating a healthy, self-sustaining enterprise.
Bear Thesis:
- Intense Competition, Especially from Microsoft: The cybersecurity market is highly competitive, with established players like Palo Alto Networks and SentinelOne, as well as aggressive moves from Microsoft. Microsoft's strategy of bundling security features with its vast enterprise ecosystem (M365, Azure) could put pricing pressure on CrowdStrike and potentially limit its market share, particularly in the SMB segment or for cost-conscious enterprises.
- High Valuation and Growth Expectations: Despite recent market corrections, CrowdStrike's valuation metrics (e.g., price-to-sales ratio) remain relatively high compared to the broader market or some peers. This implies significant future growth expectations that the company must consistently meet or exceed to justify its premium, making it susceptible to volatility if growth rates decelerate.
- Macroeconomic Headwinds and IT Spending Slowdown: A challenging macroeconomic environment, including inflation, rising interest rates, and potential recession fears, could lead to reduced IT spending, longer sales cycles, and tighter budgets for enterprises. This could impact CrowdStrike's ability to acquire new customers or upsell existing ones, potentially slowing its revenue growth.
- Reliance on New Module Adoption and Platform Fatigue: While platform expansion is a strength, a significant portion of CrowdStrike's growth strategy relies on existing customers adopting more modules. If customers experience 'platform fatigue' or find the integration of numerous modules complex, the rate of new module adoption could slow, impacting the company's net retention rate and overall revenue growth.
Main Competitors:
- Microsoft ($MSFT) (Microsoft Defender for Endpoint, Microsoft 365 Defender), Microsoft leverages its dominant position in operating systems (Windows) and cloud services (Azure) to offer a comprehensive security suite. Defender for Endpoint directly competes with CrowdStrike's EDR/XDR capabilities, often bundled or offered at a competitive price for existing Microsoft enterprise customers, providing an integrated security experience across endpoints, identity, email, and cloud.
- Palo Alto Networks ($PANW) (Cortex XDR, Prisma Cloud), Palo Alto Networks is a cybersecurity giant with a broad portfolio. Its Cortex XDR platform directly competes with CrowdStrike's EDR and XDR offerings, providing unified visibility and response across endpoints, network, and cloud. They also compete in cloud security (Prisma Cloud) and threat intelligence, often appealing to enterprises seeking a comprehensive, integrated security fabric from a single vendor.
- SentinelOne ($S) (Singularity Platform (Singularity Endpoint, Singularity Cloud)), SentinelOne is often considered CrowdStrike's most direct pure-play competitor in the EDR/XDR space. They both focus on AI-driven, autonomous endpoint protection, detection, and response. SentinelOne emphasizes its patented Storyline technology and autonomous remediation capabilities, positioning itself as a next-gen alternative with strong automation and a focus on preventing attacks pre-execution.
- Trellix (Trellix XDR Platform, Endpoint Security), Formed from the merger of McAfee Enterprise and FireEye, Trellix offers a comprehensive XDR platform that competes with CrowdStrike across endpoint, network, and cloud security. They leverage their legacy in endpoint protection, network security, and incident response to provide a broad security suite, often appealing to larger enterprises looking for integrated solutions with a strong focus on threat intelligence and automation.
Moat:
CrowdStrike's primary competitive advantage (moat) stems from its cloud-native architecture, which enables unparalleled scalability, real-time threat intelligence derived from its vast data collection (Threat Graph), and a lightweight agent. Its strong brand in incident response and proactive threat hunting further solidifies its position. However, the cybersecurity market is intensely competitive. Competitors like Microsoft leverage their ecosystem dominance and bundling strategies, while Palo Alto Networks offers a broader security portfolio. SentinelOne directly challenges CrowdStrike with similar next-gen EDR/XDR capabilities, and consolidated players like Trellix combine legacy strengths. The ongoing race in AI/ML for threat detection and the increasing demand for integrated XDR solutions mean CrowdStrike must continuously innovate and expand its platform to maintain its leadership and differentiate against rivals who are rapidly achieving feature parity.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | ||||||||||||||||||||||||||||
subscription | 1,242,265,000 | 1,168,705,000 | 1,102,945,000 | 1,050,768,000 | 1,008,316,000 | 962,735,000 | 918,257,000 | 872,172,000 | 795,947,000 | 733,463,000 | 689,972,000 | 651,175,000 | 598,263,000 | 547,376,000 | 506,199,000 | 459,822,000 | 405,443,000 | 357,030,000 | 315,836,000 | 281,228,000 | 244,662,000 | 213,530,000 | 184,256,000 | 162,222,000 | 138,536,000 | 114,221,000 | 97,575,000 | 85,990,000 |
professional services | 63,110,000 | 65,539,000 | 66,007,000 | 52,666,000 | 50,222,000 | 47,443,000 | 45,615,000 | 48,864,000 | 49,388,000 | 52,551,000 | 41,654,000 | 41,405,000 | 39,104,000 | 33,506,000 | 28,954,000 | 28,012,000 | 25,567,000 | 23,021,000 | 21,854,000 | 21,615,000 | 20,267,000 | 18,930,000 | 14,715,000 | 15,856,000 | 13,573,000 | 10,898,000 | 10,533,000 | 10,087,000 |
total revenue | 1,305,375,000 | 1,234,244,000 | 1,168,952,000 | 1,103,434,000 | 1,058,538,000 | 1,010,178,000 | 963,872,000 | 921,036,000 | 845,335,000 | 786,014,000 | 731,626,000 | 692,580,000 | 637,367,000 | 580,882,000 | 535,153,000 | 487,834,000 | 431,010,000 | 380,051,000 | 337,690,000 | 302,843,000 | 264,929,000 | 232,460,000 | 198,971,000 | 178,078,000 | 152,109,000 | 125,119,000 | 108,108,000 | 96,077,000 |
yoy | 23.32% | 22.18% | 21.28% | 19.80% | 25.22% | 28.52% | 31.74% | 32.99% | 32.63% | 35.31% | 36.71% | 41.97% | 47.88% | 52.84% | 58.47% | 61.08% | 62.69% | 63.49% | 69.72% | 70.06% | 74.17% | 85.79% | 84.05% | 85.35% | ||||
qoq | 5.76% | 5.59% | 5.94% | 4.24% | 4.79% | 4.80% | 4.65% | 8.96% | 7.55% | 7.43% | 5.64% | 8.66% | 9.72% | 8.55% | 9.70% | 13.18% | 13.41% | 12.54% | 11.51% | 14.31% | 13.97% | 16.83% | 11.73% | 17.07% | 21.57% | 15.74% | 12.52% | |
cost of revenue | ||||||||||||||||||||||||||||
total cost of revenue | 311,698,000 | 307,805,000 | 310,283,000 | 289,143,000 | 273,990,000 | 255,087,000 | 237,401,000 | 225,003,000 | 208,572,000 | 195,004,000 | 182,917,000 | 169,230,000 | 175,604,000 | 158,228,000 | 140,567,000 | 126,832,000 | 112,620,000 | 101,664,000 | 90,432,000 | 78,505,000 | 66,732,000 | 61,527,000 | 54,391,000 | 46,895,000 | 43,416,000 | 37,355,000 | 31,582,000 | 29,273,000 |
gross profit | 993,677,000 | 926,439,000 | 858,669,000 | 814,291,000 | 784,548,000 | 755,091,000 | 726,471,000 | 696,033,000 | 636,763,000 | 591,010,000 | 548,709,000 | 523,350,000 | 461,763,000 | 422,654,000 | 394,586,000 | 361,002,000 | 318,390,000 | 278,387,000 | 247,258,000 | 224,338,000 | 198,197,000 | 170,933,000 | 144,580,000 | 131,183,000 | 108,693,000 | 87,764,000 | 76,526,000 | 66,804,000 |
yoy | 26.66% | 22.69% | 18.20% | 16.99% | 23.21% | 27.76% | 32.40% | 33.00% | 37.90% | 39.83% | 39.06% | 44.97% | 45.03% | 51.82% | 59.58% | 60.92% | 60.64% | 62.86% | 71.02% | 71.01% | 82.35% | 94.76% | 88.93% | 96.37% | ||||
qoq | 7.26% | 7.89% | 5.45% | 3.79% | 3.90% | 3.94% | 4.37% | 9.31% | 7.74% | 7.71% | 4.85% | 13.34% | 9.25% | 7.11% | 9.30% | 13.38% | 14.37% | 12.59% | 10.22% | 13.19% | 15.95% | 18.23% | 10.21% | 20.69% | 23.85% | 14.69% | 14.55% | |
gross margin % | 76.12% | 75.06% | 73.46% | 73.80% | 74.12% | 74.75% | 75.37% | 75.57% | 75.33% | 75.19% | 75.00% | 75.57% | 72.45% | 72.76% | 73.73% | 74.00% | 73.87% | 73.25% | 73.22% | 74.08% | 74.81% | 73.53% | 72.66% | 73.67% | 71.46% | 70.14% | 70.79% | 69.53% |
operating expenses | ||||||||||||||||||||||||||||
sales and marketing | 463,581,000 | 481,032,000 | 447,024,000 | 439,617,000 | 409,504,000 | 408,267,000 | 355,471,000 | 350,114,000 | 290,357,000 | 286,186,000 | 282,916,000 | 281,107,000 | 246,439,000 | 239,672,000 | 224,766,000 | 193,532,000 | 162,594,000 | 164,960,000 | 153,861,000 | 135,131,000 | 112,449,000 | 105,602,000 | 95,127,000 | 88,138,000 | 75,803,000 | 68,675,000 | 65,274,000 | 56,843,000 |
research and development | 356,409,000 | 347,564,000 | 346,668,000 | 334,129,000 | 315,142,000 | 275,602,000 | 250,908,000 | 235,249,000 | 213,998,000 | 196,072,000 | 179,362,000 | 179,065,000 | 191,845,000 | 155,256,000 | 137,864,000 | 123,399,000 | 105,018,000 | 97,630,000 | 90,455,000 | 78,180,000 | 66,070,000 | 57,539,000 | 50,483,000 | 40,578,000 | 38,691,000 | 35,992,000 | 31,630,000 | 23,875,000 |
general and administrative | 159,901,000 | 167,286,000 | 177,956,000 | 165,201,000 | 145,203,000 | 126,945,000 | 106,434,000 | 103,734,000 | 102,737,000 | 105,589,000 | 101,804,000 | 82,634,000 | 84,979,000 | 84,148,000 | 80,263,000 | 67,954,000 | 74,312,000 | 56,061,000 | 50,345,000 | 42,374,000 | 35,481,000 | 31,951,000 | 28,961,000 | 25,043,000 | 25,331,000 | 21,615,000 | 30,261,000 | 11,861,000 |
total operating expenses | 979,891,000 | 995,882,000 | 971,648,000 | 938,947,000 | 869,849,000 | 810,814,000 | 712,813,000 | 689,097,000 | 607,092,000 | 587,847,000 | 564,082,000 | 542,806,000 | 523,263,000 | 479,076,000 | 442,893,000 | 384,885,000 | 341,924,000 | 318,651,000 | 294,661,000 | 255,685,000 | 214,000,000 | 195,092,000 | 174,571,000 | 153,759,000 | 139,825,000 | 126,282,000 | 127,165,000 | 92,579,000 |
income from operations | 13,786,000 | -69,443,000 | -112,979,000 | -124,656,000 | -85,301,000 | -55,723,000 | 13,658,000 | 6,936,000 | 29,671,000 | 3,163,000 | -15,373,000 | -19,456,000 | -61,500,000 | -56,422,000 | -48,307,000 | -23,883,000 | -23,534,000 | -40,264,000 | -47,403,000 | -31,347,000 | -15,803,000 | -24,159,000 | -29,991,000 | -22,576,000 | -31,132,000 | -38,518,000 | -50,639,000 | -25,775,000 |
yoy | -116.16% | 24.62% | -927.20% | -1897.23% | -387.49% | -1861.71% | -188.84% | -135.65% | -148.25% | -105.61% | -68.18% | -18.54% | 161.32% | 40.13% | 1.91% | -23.81% | 48.92% | 66.66% | 58.06% | 38.85% | -49.24% | -37.28% | -40.77% | -12.41% | ||||
qoq | -119.85% | -38.53% | -9.37% | 46.14% | 53.08% | -507.99% | 96.91% | -76.62% | 838.07% | -120.58% | -20.99% | -68.36% | 9.00% | 16.80% | 102.27% | 1.48% | -41.55% | -15.06% | 51.22% | 98.36% | -34.59% | -19.45% | 32.84% | -27.48% | -19.18% | -23.94% | 96.47% | |
operating margin % | 1.06% | -5.63% | -9.66% | -11.30% | -8.06% | -5.52% | 1.42% | 0.75% | 3.51% | 0.40% | -2.10% | -2.81% | -9.65% | -9.71% | -9.03% | -4.90% | -5.46% | -10.59% | -14.04% | -10.35% | -5.96% | -10.39% | -15.07% | -12.68% | -20.47% | -30.79% | -46.84% | -26.83% |
interest expense | -7,552,000 | -6,931,000 | -6,823,000 | -6,715,000 | -6,664,000 | -6,587,000 | -6,549,000 | -6,511,000 | -6,422,000 | -6,503,000 | -6,444,000 | -6,387,000 | -6,352,000 | -6,334,000 | -6,335,000 | -6,298,000 | -6,302,000 | -6,403,000 | -6,296,000 | -6,230,000 | -1,049,000 | -193,000 | -174,000 | -143,000 | -145,000 | -132,000 | -164,000 | -1,000 |
interest income | 47,856,000 | 50,883,000 | 50,850,000 | 45,380,000 | 46,597,000 | 52,201,000 | 51,526,000 | 45,850,000 | 41,685,000 | 40,086,000 | 36,638,000 | 30,521,000 | 27,016,000 | 16,245,000 | ||||||||||||||
other income | 3,750,000 | 2,223,000 | -2,722,000 | -3,896,000 | -1,095,000 | -429,000 | -1,031,000 | 7,656,000 | 3,616,000 | -474,000 | -1,734,000 | 230,000 | -2,782,000 | 750,000 | 11,107,000 | 3,212,000 | 1,679,000 | 690,000 | 619,000 | 4,768,000 | 682,000 | 272,000 | 732,000 | 4,533,000 | 3,202,000 | 3,579,000 | 394,000 | |
income before provision for income taxes | 57,840,000 | -23,268,000 | -71,674,000 | -89,887,000 | -46,463,000 | -10,538,000 | 57,604,000 | 53,931,000 | 68,550,000 | 36,272,000 | 13,087,000 | 4,908,000 | -43,618,000 | -45,761,000 | -43,535,000 | -26,969,000 | -28,157,000 | -45,977,000 | -53,080,000 | -32,809,000 | -16,170,000 | -24,080,000 | -29,433,000 | -18,186,000 | -28,075,000 | -35,071,000 | -51,254,000 | -25,382,000 |
provision for income taxes | -3,621,000 | 10,720,000 | 5,971,000 | 21,106,000 | 46,268,000 | 6,281,000 | 10,914,000 | 7,667,000 | 13,609,000 | 9,603,000 | 4,611,000 | 4,409,000 | 5,314,000 | 8,870,000 | 4,778,000 | 3,440,000 | 13,582,000 | 4,473,000 | 4,238,000 | 50,062,000 | 6,688,000 | -451,000 | -441,000 | -1,036,000 | -333,000 | -434,000 | -635,000 | -595,000 |
net income | 61,461,000 | -33,988,000 | -77,645,000 | -110,993,000 | -92,731,000 | -16,819,000 | 46,690,000 | 46,264,000 | 54,941,000 | 26,669,000 | 8,476,000 | 499,000 | -48,932,000 | -54,631,000 | -48,313,000 | -30,409,000 | -41,739,000 | -50,450,000 | -57,318,000 | -82,871,000 | -18,406,750 | -24,531,000 | -29,874,000 | -19,222,000 | -28,408,000 | -35,505,000 | -51,889,000 | -25,977,000 |
yoy | -166.28% | 102.08% | -266.30% | -339.91% | -268.78% | -163.07% | 450.85% | 9171.34% | -212.28% | -148.82% | -117.54% | -101.64% | 17.23% | 8.29% | -15.71% | -63.31% | 126.76% | 105.66% | 91.87% | 331.13% | -35.21% | -30.91% | -42.43% | -26.00% | ||||
qoq | -280.83% | -56.23% | -30.05% | 19.69% | 451.35% | -136.02% | 0.92% | -15.79% | 106.01% | 214.64% | 1598.60% | -101.02% | -10.43% | 13.08% | 58.88% | -27.14% | -17.27% | -11.98% | -30.83% | 350.22% | -24.97% | -17.89% | 55.42% | -32.34% | -19.99% | -31.58% | 99.75% | |
net income margin % | 4.71% | -2.75% | -6.64% | -10.06% | -8.76% | -1.66% | 4.84% | 5.02% | 6.50% | 3.39% | 1.16% | 0.07% | -7.68% | -9.40% | -9.03% | -6.23% | -9.68% | -13.27% | -16.97% | -27.36% | -6.95% | -10.55% | -15.01% | -10.79% | -18.68% | -28.38% | -48.00% | -27.04% |
net income attributable to non-controlling interest | 2,084,000 | 9,000 | 30,000 | -786,000 | -449,000 | 3,000 | -323,000 | 3,444,000 | 1,242,000 | 4,000 | 4,000 | 8,000 | -1,451,000 | 325,000 | 972,000 | 1,114,000 | ||||||||||||
net income attributable to crowdstrike | 59,377,000 | -33,997,000 | -77,675,000 | -110,207,000 | -92,282,000 | -16,822,000 | 47,013,000 | 42,820,000 | 53,699,000 | 26,665,000 | 8,472,000 | 491,000 | ||||||||||||||||
net income per share | -0.21 | -0.24 | -0.21 | -0.14 | -0.18 | -0.22 | -0.25 | -0.38 | -0.09 | -0.11 | -0.14 | -0.09 | -0.07 | -0.17 | -0.4 | -0.55 | ||||||||||||
basic | 0.24 | -0.14 | -0.31 | -0.44 | -0.38 | -0.07 | 0.19 | 0.18 | 0.22 | 0.11 | 0.04 | |||||||||||||||||
diluted | 0.24 | -0.14 | -0.31 | -0.44 | -0.37 | -0.07 | 0.19 | 0.17 | 0.22 | 0.11 | 0.03 | |||||||||||||||||
weighted-average shares used for eps calculation | 233,139 | 233,785 | 232,554 | 231,179 | 227,142 | 228,293 | 226,362 | 224,153 | 217,756 | 219,401 | 216,695 | 213,129 | 148,062 | 204,096 | 130,091 | 47,205 | ||||||||||||
basic | 250,576 | 251,326 | 249,909 | 248,432 | 244,750 | 245,536 | 244,091 | 242,389 | 238,637 | 239,297 | 237,911 | 236,414 | ||||||||||||||||
diluted | 250,576 | 251,326 | 249,909 | 248,432 | 244,750 | 245,536 | 251,265 | 250,164 | 243,635 | 243,799 | 242,144 | 240,598 | ||||||||||||||||
net loss attributable to crowdstrike | -47,481,000 | -54,956,000 | -49,285,000 | -31,523,000 | -41,980,000 | -50,455,000 | -57,318,000 | -85,049,000 | ||||||||||||||||||||
net income per share | -0.21 | -0.24 | -0.21 | -0.14 | -0.18 | -0.22 | -0.25 | -0.38 | -0.09 | -0.11 | -0.14 | -0.09 | -0.07 | -0.17 | -0.4 | -0.55 | ||||||||||||
weighted-average shares used for eps calculation | 233,139 | 233,785 | 232,554 | 231,179 | 227,142 | 228,293 | 226,362 | 224,153 | 217,756 | 219,401 | 216,695 | 213,129 | 148,062 | 204,096 | 130,091 | 47,205 | ||||||||||||
net income attributable to noncontrolling interest | 241,000 | 5,000 | 2,178,000 | |||||||||||||||||||||||||
other expense | -451,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||
cash and cash equivalents | 5,230,125,000 | 4,801,083,000 | 4,972,436,000 | 4,614,153,000 | 4,323,295,000 | 4,260,324,000 | 4,038,536,000 | 3,702,437,000 | 3,375,069,000 | 2,968,872,000 | 3,167,215,000 | 2,829,677,000 | 2,455,369,000 | 2,466,551,000 | 2,318,858,000 | 2,152,736,000 | 1,996,633,000 | 1,907,508,000 | 1,787,051,000 | 1,684,997,000 | 1,918,608,000 | 1,059,926,000 | 1,064,734,000 | 1,004,991,000 | 264,798,000 | 743,605,000 | 732,808,000 | 92,993,000 |
accounts receivable | 1,361,844,000 | 1,013,116,000 | 886,557,000 | 808,694,000 | 1,128,564,000 | 813,922,000 | 661,045,000 | 702,856,000 | 853,105,000 | 561,872,000 | 539,463,000 | 461,092,000 | 626,181,000 | 485,313,000 | 418,799,000 | 369,130,000 | 368,145,000 | 283,272,000 | 266,540,000 | 211,233,000 | 239,199,000 | 172,775,000 | 149,236,000 | 144,187,000 | 164,987,000 | 145,694,000 | 115,256,000 | 87,355,000 |
deferred contract acquisition costs, current | 447,455,000 | 398,708,000 | 372,543,000 | 351,805,000 | 347,042,000 | 294,229,000 | 251,246,000 | 244,651,000 | 246,370,000 | 209,216,000 | 197,111,000 | 186,901,000 | 186,855,000 | 162,260,000 | 148,125,000 | 135,681,000 | 126,822,000 | 108,636,000 | 95,470,000 | 85,388,000 | 80,850,000 | 62,422,000 | 53,837,000 | 53,410,000 | 42,971,000 | 35,924,000 | 34,017,000 | 26,193,000 |
prepaid expenses and other current assets | 379,695,000 | 306,375,000 | 302,818,000 | 296,146,000 | 314,444,000 | 203,852,000 | 230,821,000 | 191,678,000 | 183,172,000 | 141,651,000 | 146,597,000 | 131,100,000 | 121,862,000 | 89,489,000 | 90,198,000 | 75,511,000 | 79,352,000 | 60,670,000 | 102,964,000 | 56,385,000 | 53,617,000 | 45,673,000 | 48,174,000 | 45,874,000 | 51,614,000 | 37,914,000 | 29,348,000 | 22,644,000 |
total current assets | 7,419,119,000 | 6,519,282,000 | 6,534,354,000 | 6,070,798,000 | 6,113,345,000 | 5,572,327,000 | 5,181,648,000 | 4,841,622,000 | 4,757,307,000 | 4,079,133,000 | 4,050,386,000 | 3,708,770,000 | 3,640,267,000 | 3,203,613,000 | 2,975,980,000 | 2,733,058,000 | 2,570,952,000 | 2,360,086,000 | 2,252,025,000 | 2,038,003,000 | 2,292,274,000 | 1,340,796,000 | 1,315,981,000 | 1,248,462,000 | 1,171,636,000 | 1,053,220,000 | 1,005,432,000 | 311,251,000 |
strategic investments | 76,832,000 | 81,332,000 | 72,482,000 | 71,339,000 | 72,544,000 | 68,246,000 | 58,246,000 | 58,419,000 | 56,244,000 | 59,541,000 | 59,541,000 | 57,877,000 | 47,270,000 | 46,395,000 | 35,585,000 | 28,665,000 | 23,632,000 | 22,665,000 | 14,165,000 | 8,165,000 | 2,500,000 | 2,500,000 | 2,000,000 | 1,000,000 | 1,000,000 | |||
property and equipment | 976,331,000 | 926,963,000 | 869,240,000 | 826,069,000 | 788,640,000 | 746,567,000 | 648,474,000 | 627,381,000 | 620,172,000 | 581,037,000 | 561,587,000 | 523,721,000 | 492,335,000 | 430,030,000 | 383,012,000 | 316,309,000 | 260,577,000 | 242,224,000 | 215,832,000 | 191,310,000 | 167,014,000 | 162,371,000 | 153,303,000 | 139,096,000 | 136,078,000 | 129,504,000 | 107,989,000 | 86,349,000 |
operating lease right-of-use assets | 69,860,000 | 67,359,000 | 63,399,000 | 39,190,000 | 42,763,000 | 46,289,000 | 45,897,000 | 48,598,000 | 48,211,000 | 50,941,000 | 46,179,000 | 50,459,000 | 39,936,000 | 25,621,000 | 28,463,000 | 28,701,000 | 31,735,000 | 33,893,000 | 34,854,000 | 36,683,000 | 36,484,000 | 38,376,000 | 40,454,000 | 35,738,000 | ||||
deferred contract acquisition costs, noncurrent | 655,658,000 | 556,221,000 | 517,088,000 | 496,045,000 | 500,908,000 | 421,773,000 | 341,539,000 | 330,004,000 | 335,933,000 | 273,859,000 | 261,574,000 | 254,397,000 | 260,233,000 | 218,635,000 | 202,441,000 | 197,261,000 | 192,358,000 | 162,309,000 | 140,443,000 | 125,392,000 | 117,906,000 | 91,585,000 | 81,186,000 | 69,908,000 | 71,235,000 | 58,260,000 | 41,766,000 | 38,004,000 |
goodwill | 1,363,294,000 | 1,352,927,000 | 913,325,000 | 913,285,000 | 912,805,000 | 722,016,000 | 721,996,000 | 721,973,000 | 638,041,000 | 637,678,000 | 430,697,000 | 430,755,000 | 430,645,000 | 430,285,000 | 416,066,000 | 416,228,000 | 416,445,000 | 373,889,000 | 374,310,000 | 374,581,000 | 83,566,000 | 83,132,000 | 8,131,000 | 7,652,000 | 7,722,000 | 7,794,000 | 7,780,000 | 7,809,000 |
intangible assets | 136,702,000 | 144,405,000 | 117,858,000 | 125,486,000 | 133,114,000 | 109,354,000 | 115,686,000 | 122,024,000 | 114,518,000 | 109,423,000 | 79,139,000 | 83,215,000 | 86,889,000 | 89,500,000 | 89,840,000 | 93,945,000 | 97,336,000 | 82,870,000 | 85,580,000 | 88,851,000 | 15,677,000 | 16,356,000 | 347,000 | 419,000 | 527,000 | 637,000 | 738,000 | 879,000 |
other long-term assets | 388,888,000 | 316,858,000 | 201,113,000 | 178,150,000 | 137,459,000 | 96,386,000 | 88,988,000 | 91,964,000 | 76,094,000 | 39,444,000 | 31,355,000 | 28,664,000 | 28,965,000 | 25,364,000 | 22,849,000 | 21,668,000 | 25,346,000 | 21,681,000 | 18,836,000 | 18,186,000 | 17,112,000 | |||||||
total assets | 11,086,684,000 | 9,965,347,000 | 9,288,859,000 | 8,720,362,000 | 8,701,578,000 | 7,782,958,000 | 7,202,474,000 | 6,841,985,000 | 6,646,520,000 | 5,831,056,000 | 5,520,458,000 | 5,137,858,000 | 5,026,540,000 | 4,469,443,000 | 4,154,236,000 | 3,835,835,000 | 3,618,381,000 | 3,299,617,000 | 3,136,045,000 | 2,881,171,000 | 2,732,533,000 | 1,749,509,000 | 1,616,952,000 | 1,519,396,000 | 1,404,906,000 | 1,256,054,000 | 1,171,586,000 | 457,361,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||
accounts payable | 105,319,000 | 131,596,000 | 120,554,000 | 16,404,000 | 130,887,000 | 79,214,000 | 21,067,000 | 21,299,000 | 28,180,000 | 56,968,000 | 37,073,000 | 16,900,000 | 45,372,000 | 89,289,000 | 53,817,000 | 11,024,000 | 47,634,000 | 7,167,000 | 19,642,000 | 3,468,000 | 12,065,000 | 7,494,000 | 10,118,000 | 6,528,000 | 1,345,000 | 5,244,000 | 1,126,000 | 9,915,000 |
accrued expenses | 181,089,000 | 190,009,000 | 210,529,000 | 166,770,000 | 191,349,000 | 176,598,000 | 101,300,000 | 102,116,000 | 125,896,000 | 146,050,000 | 122,419,000 | 91,494,000 | 137,884,000 | 88,918,000 | 101,181,000 | 94,966,000 | 83,382,000 | 76,758,000 | 70,162,000 | 49,627,000 | 51,117,000 | 39,975,000 | 19,211,000 | 26,396,000 | 30,355,000 | 29,460,000 | 32,568,000 | 31,185,000 |
accrued payroll and benefits | 389,690,000 | 357,653,000 | 299,521,000 | 286,607,000 | 319,243,000 | 324,889,000 | 205,429,000 | 216,695,000 | 234,624,000 | 169,768,000 | 138,471,000 | 151,099,000 | 168,767,000 | 122,558,000 | 102,687,000 | 116,406,000 | 104,563,000 | 94,738,000 | 95,462,000 | 79,099,000 | 71,907,000 | 56,468,000 | 36,099,000 | 37,458,000 | 36,810,000 | 36,905,000 | 20,057,000 | 12,683,000 |
operating lease liabilities, current | 18,232,000 | 15,929,000 | 12,860,000 | 11,964,000 | 13,811,000 | 15,658,000 | 17,031,000 | 16,020,000 | 14,150,000 | 14,430,000 | 16,133,000 | 16,215,000 | 13,046,000 | 10,423,000 | 10,316,000 | 9,967,000 | 9,820,000 | 9,706,000 | 9,374,000 | 9,333,000 | 8,977,000 | 8,646,000 | 8,643,000 | 6,673,000 | ||||
deferred revenue | 3,421,051,000 | 2,851,488,000 | 2,781,196,000 | 2,747,137,000 | 2,733,005,000 | 2,363,258,000 | 2,348,464,000 | 2,309,329,000 | 2,270,757,000 | 1,942,750,000 | 1,894,005,000 | 1,788,304,000 | 1,727,484,000 | 1,483,223,000 | 1,363,558,000 | 1,249,198,000 | 1,136,502,000 | 974,571,000 | 882,969,000 | 786,793,000 | 701,988,000 | 579,671,000 | 515,081,000 | 465,569,000 | 412,985,000 | 335,801,000 | 279,951,000 | 244,271,000 |
other current liabilities | 68,811,000 | 53,220,000 | 51,278,000 | 53,652,000 | 72,755,000 | 40,763,000 | 35,028,000 | 18,227,000 | 23,672,000 | 20,451,000 | 21,362,000 | 16,052,000 | 16,519,000 | 22,642,000 | 17,691,000 | 15,542,000 | 24,929,000 | 78,607,000 | 59,219,000 | 54,445,000 | 17,499,000 | 9,785,000 | 14,140,000 | 13,020,000 | 11,601,000 | 8,194,000 | 8,079,000 | 4,667,000 |
total current liabilities | 4,184,192,000 | 3,599,895,000 | 3,475,938,000 | 3,282,534,000 | 3,461,050,000 | 3,000,380,000 | 2,728,319,000 | 2,683,686,000 | 2,697,279,000 | 2,350,417,000 | 2,229,463,000 | 2,080,064,000 | 2,109,072,000 | 1,817,053,000 | 1,649,250,000 | 1,497,103,000 | 1,406,830,000 | 1,241,547,000 | 1,136,828,000 | 982,765,000 | 863,553,000 | 702,039,000 | 603,292,000 | 555,644,000 | 493,096,000 | 415,604,000 | 341,781,000 | 302,721,000 |
long-term debt | 745,471,000 | 745,099,000 | 744,727,000 | 744,355,000 | 743,983,000 | 743,610,000 | 743,238,000 | 742,866,000 | 742,494,000 | 742,122,000 | 741,750,000 | 741,377,000 | 741,005,000 | 740,633,000 | 740,261,000 | 739,889,000 | 739,517,000 | 739,145,000 | 738,772,000 | 738,400,000 | 738,029,000 | |||||||
deferred revenue, noncurrent | 1,332,387,000 | 1,211,762,000 | 1,053,661,000 | 1,024,258,000 | 995,672,000 | 833,260,000 | 744,733,000 | 760,050,000 | 783,342,000 | 600,366,000 | 613,637,000 | 615,487,000 | 627,629,000 | 532,316,000 | 480,594,000 | 443,399,000 | 392,819,000 | 313,625,000 | 281,388,000 | 235,198,000 | 209,907,000 | 183,003,000 | 174,759,000 | 170,404,000 | 158,183,000 | 111,838,000 | 89,811,000 | 70,941,000 |
operating lease liabilities, noncurrent | 56,374,000 | 57,018,000 | 52,941,000 | 29,079,000 | 31,107,000 | 32,683,000 | 31,704,000 | 34,090,000 | 36,230,000 | 38,371,000 | 32,688,000 | 36,774,000 | 29,567,000 | 17,984,000 | 21,340,000 | 22,197,000 | 25,379,000 | 27,895,000 | 29,378,000 | 31,458,000 | 31,986,000 | 34,006,000 | 36,134,000 | 32,907,000 | ||||
other liabilities, noncurrent | 295,655,000 | 292,556,000 | 166,901,000 | 149,122,000 | 150,849,000 | 77,414,000 | 63,890,000 | 52,511,000 | 50,086,000 | 38,933,000 | 32,820,000 | 29,797,000 | 31,833,000 | 23,825,000 | 19,444,000 | 16,250,000 | 16,193,000 | 17,835,000 | 38,278,000 | 39,953,000 | 17,184,000 | 15,676,000 | 10,752,000 | 7,288,000 | 11,020,000 | 11,570,000 | 11,897,000 | 10,964,000 |
total liabilities | 6,614,079,000 | 5,906,330,000 | 5,494,168,000 | 5,229,348,000 | 5,382,661,000 | 4,687,347,000 | 4,311,884,000 | 4,273,203,000 | 4,309,431,000 | 3,770,209,000 | 3,650,358,000 | 3,503,499,000 | 3,539,106,000 | 3,131,811,000 | 2,910,889,000 | 2,718,838,000 | 2,580,738,000 | 2,340,047,000 | 2,224,644,000 | 2,027,774,000 | 1,860,659,000 | 934,724,000 | 824,937,000 | 766,243,000 | 662,299,000 | 539,012,000 | 443,489,000 | 384,626,000 |
commitments and contingencies | ||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of january 31, 2026 and january 31, 2025; no shares issued and outstanding as of january 31, 2026 and january 31, 2025. | ||||||||||||||||||||||||||||
class a common stock | 127,000 | 126,000 | 125,000 | 125,000 | 124,000 | 124,000 | 123,000 | 122,000 | 121,000 | 120,000 | 119,000 | 118,000 | 118,000 | 117,000 | 116,000 | 116,000 | 115,000 | 115,000 | 114,000 | 113,000 | 112,000 | 111,000 | 110,000 | 108,000 | 106,000 | 103,000 | 103,000 | |
additional paid-in capital | 5,694,549,000 | 5,314,820,000 | 5,016,544,000 | 4,633,211,000 | 4,367,070,000 | 4,045,660,000 | 3,824,897,000 | 3,556,194,000 | 3,364,328,000 | 3,146,645,000 | 2,976,375,000 | 2,752,716,000 | 2,612,705,000 | 2,424,038,000 | 2,276,704,000 | 2,103,054,000 | 1,991,807,000 | 1,870,120,000 | 1,775,087,000 | 1,662,199,000 | 1,598,259,000 | 1,523,873,000 | 1,476,323,000 | 1,409,758,000 | 1,378,479,000 | 1,326,116,000 | 1,302,098,000 | 36,670,000 |
accumulated deficit | -1,283,042,000 | -1,299,986,000 | -1,265,989,000 | -1,188,314,000 | -1,078,107,000 | -985,825,000 | -969,003,000 | -1,016,016,000 | -1,058,836,000 | -1,112,535,000 | -1,139,200,000 | -1,147,672,000 | -1,148,163,000 | -1,100,682,000 | -1,045,726,000 | -996,441,000 | -964,918,000 | -922,938,000 | -872,483,000 | -815,165,000 | -730,116,000 | -711,114,000 | -686,583,000 | -656,709,000 | -637,487,000 | -609,079,000 | -573,574,000 | -521,685,000 |
accumulated other comprehensive income | 16,756,000 | 1,537,000 | 6,000,000 | 5,855,000 | 913,000 | 139,000 | -1,240,000 | 885,000 | 1,550,000 | 2,117,000 | 2,319,000 | 615,000 | 1,115,000 | -1,004,000 | 1,009,000 | -98,000 | -530,000 | -186,000 | ||||||||||
total crowdstrike holdings, inc. stockholders’ equity | 4,428,390,000 | 4,016,497,000 | 3,756,680,000 | 3,450,877,000 | 3,279,494,000 | 3,057,933,000 | 2,852,915,000 | 2,535,540,000 | 2,303,950,000 | 2,028,950,000 | 1,838,207,000 | 1,605,301,000 | 1,463,641,000 | 1,314,289,000 | 1,225,419,000 | 1,102,541,000 | 1,025,764,000 | 948,182,000 | 904,268,000 | 849,264,000 | 870,574,000 | 813,485,000 | 790,965,000 | 752,153,000 | 742,107,000 | |||
non-controlling interest | 44,215,000 | 42,520,000 | 38,011,000 | 40,137,000 | 39,423,000 | 37,678,000 | 37,675,000 | 33,242,000 | 33,139,000 | 31,897,000 | 31,893,000 | 29,058,000 | 23,793,000 | 23,343,000 | 17,928,000 | 14,456,000 | 11,879,000 | 11,388,000 | 7,133,000 | 4,133,000 | 1,300,000 | 1,300,000 | 1,050,000 | 1,000,000 | 500,000 | |||
total stockholders’ equity | 4,472,605,000 | 4,059,017,000 | 3,794,691,000 | 3,491,014,000 | 3,318,917,000 | 3,095,611,000 | 2,890,590,000 | 2,568,782,000 | 2,337,089,000 | 2,060,847,000 | 1,870,100,000 | 1,634,359,000 | 1,487,434,000 | 1,337,632,000 | 1,243,347,000 | 1,116,997,000 | 1,037,643,000 | 959,570,000 | 911,401,000 | 853,397,000 | 871,874,000 | 814,785,000 | 792,015,000 | 753,153,000 | 742,607,000 | 717,042,000 | 728,097,000 | |
total liabilities and stockholders’ equity | 11,086,684,000 | 9,965,347,000 | 9,288,859,000 | 8,720,362,000 | 8,701,578,000 | 7,782,958,000 | 7,202,474,000 | 6,841,985,000 | 6,646,520,000 | 5,831,056,000 | 5,520,458,000 | 5,137,858,000 | 5,026,540,000 | 4,469,443,000 | 4,154,236,000 | 3,835,835,000 | 3,618,381,000 | 3,299,617,000 | 3,136,045,000 | 2,881,171,000 | 2,732,533,000 | 1,749,509,000 | 1,616,952,000 | 1,519,396,000 | ||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of october 31, 2025 and january 31, 2025; no shares issued and outstanding as of october 31, 2025 and january 31, 2025. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of july 31, 2025 and january 31, 2025; no shares issued and outstanding as of july 31, 2025 and january 31, 2025. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of april 30, 2025 and january 31, 2025; no shares issued and outstanding as of april 30, 2025 and january 31, 2025. | ||||||||||||||||||||||||||||
short-term investments | 99,591,000 | 197,522,000 | 100,000,000 | 250,000,000 | ||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of january 31, 2025 and january 31, 2024; no shares issued and outstanding as of january 31, 2025 and january 31, 2024. | ||||||||||||||||||||||||||||
accumulated other comprehensive loss | -9,593,000 | -2,026,000 | -3,102,000 | -4,760,000 | -1,663,000 | -5,280,000 | -1,019,000 | -9,184,000 | -5,675,000 | -4,188,000 | ||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of october 31, 2024 and january 31, 2024; no shares issued and outstanding as of october 31, 2024 and january 31, 2024. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of july 31, 2024 and january 31, 2024; no shares issued and outstanding as of july 31, 2024 and january 31, 2024. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of april 30, 2024 and january 31, 2024; no shares issued and outstanding as of april 30, 2024 and january 31, 2024. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of january 31, 2024 and january 31, 2023; no shares issued and outstanding as of january 31, 2024 and january 31, 2023. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of october 31, 2023 and january 31, 2023; no shares issued and outstanding as of october 31, 2023 and january 31, 2023. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of july 31, 2023 and january 31, 2023; no shares issued and outstanding as of july 31, 2023 and january 31, 2023. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of april 30, 2023 and january 31, 2023; no shares issued and outstanding as of april 30, 2023 and january 31, 2023. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of january 31, 2023 and january 31, 2022; no shares issued and outstanding as of january 31, 2023 and january 31, 2022 | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of october 31, 2022 and january 31, 2022; no shares issued and outstanding as of october 31, 2022 and january 31, 2022. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of july 31, 2022 and january 31, 2022; no shares issued and outstanding as of july 31, 2022 and january 31, 2022. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of april 30, 2022 and january 31, 2022; no shares issued and outstanding as of april 30, 2022 and january 31, 2022. | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of january 31, 2022 and january 31, 2021; no shares issued and outstanding as of january 31, 2022 and january 31, 2021 | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of october 31, 2021 and january 31, 2021; no shares issued and outstanding as of october 31, 2021 and january 31, 2021 | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of july 31, 2021 and january 31, 2021; no shares issued and outstanding as of july 31, 2021 and january 31, 2021 | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of april 30, 2021 and january 31, 2021; no shares issued and outstanding as of april 30, 2021 and january 31, 2021 | ||||||||||||||||||||||||||||
marketable securities | 647,266,000 | 90,083,000 | 94,003,000 | 82,066,000 | ||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of january 31, 2021 and january 31, 2020; no shares issued and outstanding as of january 31, 2021 and january 31, 2020 | ||||||||||||||||||||||||||||
other assets | 14,393,000 | 15,550,000 | 17,121,000 | 16,708,000 | 6,639,000 | 7,881,000 | 13,069,000 | |||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of october 31, 2020 and january 31, 2020; no shares issued and outstanding as of october 31, 2020 and january 31, 2020 | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of july 31, 2020 and january 31, 2020; no shares issued and outstanding as of july 31, 2020 and january 31, 2020 | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares authorized as of april 30, 2020 and january 31, 2020; no shares issued and outstanding as of april 30, 2020 and january 31, 2020 | ||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ equity | ||||||||||||||||||||||||||||
redeemable convertible preferred stock | 557,912,000 | |||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares and no shares authorized as of january 31, 2020 and january 31, 2019, respectively; no shares issued and outstanding as of january 31, 2020 and january 31, 2019 | ||||||||||||||||||||||||||||
common stock | 24,000 | |||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity | 1,404,906,000 | 1,256,054,000 | 1,171,586,000 | |||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares and no shares authorized as of october 31, 2019 and january 31, 2019, respectively; no shares issued and outstanding as of october 31, 2019 and january 31, 2019, respectively | ||||||||||||||||||||||||||||
preferred stock, 0.0005 par value; 100,000 shares and no shares authorized as of july 31, 2019 and january 31, 2019, respectively; no shares issued and outstanding as of july 31, 2019 and january 31, 2019, respectively | ||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ deficit | ||||||||||||||||||||||||||||
stockholders’ deficit | ||||||||||||||||||||||||||||
total stockholders’ deficit | -485,177,000 | |||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ deficit | 457,361,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||
net income | 61,461,000 | -33,988,000 | -77,645,000 | -110,993,000 | -92,731,000 | -16,819,000 | 46,690,000 | 46,264,000 | 54,941,000 | 26,669,000 | 8,476,000 | 499,000 | ||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||
depreciation and amortization | 69,335,000 | 64,049,000 | 60,411,000 | 56,423,000 | 50,101,000 | 48,915,000 | 46,247,000 | 42,689,000 | 36,866,000 | 33,788,000 | 29,775,000 | 26,409,000 | 23,623,000 | 19,476,000 | 17,805,000 | 16,341,000 | 16,661,000 | 14,522,000 | 12,770,000 | 11,955,000 | 10,967,000 | 10,107,000 | 9,419,000 | 8,202,000 | 7,003,000 | 5,830,000 | 5,320,000 | 4,873,000 |
amortization of intangible assets | 8,172,000 | 7,800,000 | 7,627,000 | 7,634,000 | 7,339,000 | 6,333,000 | 6,337,000 | 5,995,000 | 5,503,000 | 4,637,000 | 4,102,000 | 4,174,000 | 4,227,000 | 4,146,000 | 4,104,000 | 4,088,000 | 3,830,000 | 3,337,000 | 3,318,000 | 2,417,000 | 869,000 | 372,000 | 104,000 | 103,000 | 102,000 | 100,000 | 139,000 | 146,000 |
amortization of deferred contract acquisition costs | 123,979,000 | 115,493,000 | 107,038,000 | 102,903,000 | 91,124,000 | 79,862,000 | 73,723,000 | 74,128,000 | 65,743,000 | 60,281,000 | 57,555,000 | 55,322,000 | 49,258,000 | 43,996,000 | 39,962,000 | 37,592,000 | 34,172,000 | 29,293,000 | 26,043,000 | 24,376,000 | 21,485,000 | 16,769,000 | 14,720,000 | 13,451,000 | 11,334,000 | 9,049,000 | 7,731,000 | 7,345,000 |
non-cash operating lease cost | 4,572,000 | 3,908,000 | 4,531,000 | 4,186,000 | 4,183,000 | 3,933,000 | 3,795,000 | 3,372,000 | 3,673,000 | 3,394,000 | 3,239,000 | 3,092,000 | 2,622,000 | 2,294,000 | 2,287,000 | 2,237,000 | 2,376,000 | 2,258,000 | 2,289,000 | 2,180,000 | 120,000 | 2,727,000 | 2,656,000 | 2,283,000 | ||||
stock-based compensation expense | 273,951,000 | 281,971,000 | 287,153,000 | 253,604,000 | 272,531,000 | 208,888,000 | 200,877,000 | 183,125,000 | 176,272,000 | 159,614,000 | 164,777,000 | 130,856,000 | 152,347,000 | 140,113,000 | 131,550,000 | 102,494,000 | 92,637,000 | 86,666,000 | 76,287,000 | 54,362,000 | 47,714,000 | 40,610,000 | 37,713,000 | 23,638,000 | 24,363,000 | 21,966,000 | 29,859,000 | 3,752,000 |
deferred income taxes | -9,435,000 | -3,042,000 | -639,000 | -1,681,000 | -7,781,000 | -193,000 | -1,674,000 | -255,000 | -1,032,000 | -2,003,000 | -97,000 | -255,000 | -980,000 | 682,000 | -148,000 | 1,752,000 | ||||||||||||
realized gains on strategic investments | -94,000 | 0 | 654,000 | -6,881,000 | ||||||||||||||||||||||||
accretion of short-term investments purchased at a discount | 0 | 0 | 0 | 2,285,000 | -351,000 | |||||||||||||||||||||||
non-cash interest expense | 1,911,000 | 1,240,000 | 1,205,000 | 1,088,000 | 1,015,000 | 963,000 | 911,000 | 874,000 | 836,000 | 806,000 | 777,000 | 754,000 | 736,000 | 711,000 | 697,000 | 669,000 | 645,000 | 625,000 | 604,000 | 595,000 | 347,000 | 186,000 | 169,000 | 151,000 | 142,000 | 130,000 | ||
change in fair value of strategic investments | 0 | 0 | 0 | 1,579,000 | 2,927,000 | -629,000 | -1,920,000 | -2,208,000 | -467,000 | 0 | 0 | -4,356,000 | ||||||||||||||||
changes in operating assets and liabilities, net of impact of acquisitions | ||||||||||||||||||||||||||||
accounts receivable | -348,724,000 | -125,812,000 | -77,863,000 | 319,871,000 | -313,403,000 | -152,876,000 | 41,811,000 | 150,249,000 | -283,557,000 | -20,860,000 | -78,371,000 | 165,089,000 | -140,869,000 | -66,512,000 | -49,670,000 | -1,058,000 | -84,710,000 | -16,387,000 | -55,723,000 | 31,466,000 | -66,323,000 | -22,175,000 | -4,631,000 | 20,651,000 | -19,436,000 | -30,829,000 | -28,177,000 | 5,375,000 |
deferred contract acquisition costs | -272,047,000 | -180,038,000 | -148,819,000 | -102,803,000 | -223,072,000 | -203,079,000 | -91,853,000 | -66,480,000 | -164,971,000 | -84,671,000 | -72,475,000 | -49,532,000 | -115,451,000 | -74,325,000 | -57,586,000 | -51,354,000 | -82,407,000 | -64,325,000 | -51,176,000 | -36,400,000 | -66,234,000 | -35,753,000 | -26,425,000 | -22,563,000 | -31,356,000 | -27,450,000 | -19,317,000 | -8,471,000 |
prepaid expenses and other assets | -126,717,000 | -29,029,000 | -29,416,000 | -20,995,000 | -147,400,000 | 20,392,000 | -34,622,000 | -28,602,000 | -80,548,000 | 4,366,000 | -17,796,000 | -8,542,000 | -32,686,000 | -3,183,000 | -15,181,000 | 4,243,000 | -19,747,000 | 38,095,000 | -47,114,000 | -769,000 | -284,000 | 3,440,000 | -7,285,000 | 5,332,000 | -23,584,000 | -7,378,000 | -8,456,000 | -4,049,000 |
accounts payable | -1,640,000 | 3,683,000 | 69,918,000 | -83,228,000 | 50,843,000 | 34,168,000 | -348,000 | 276,000 | -21,259,000 | 5,343,000 | 15,614,000 | -18,596,000 | -40,470,000 | 24,213,000 | 37,225,000 | -36,431,000 | 40,281,000 | -12,416,000 | 15,945,000 | -10,562,000 | 4,769,000 | -3,078,000 | 4,898,000 | 4,736,000 | -2,797,000 | 2,124,000 | -8,715,000 | 2,818,000 |
accrued expenses and other liabilities | 2,734,000 | 7,137,000 | 56,479,000 | -43,763,000 | 132,851,000 | 77,699,000 | 24,597,000 | -16,629,000 | -19,011,000 | 28,662,000 | 41,511,000 | -36,576,000 | 37,103,000 | 16,097,000 | 13,023,000 | -7,300,000 | ||||||||||||
accrued payroll and benefits | 29,003,000 | 57,538,000 | 12,917,000 | -37,848,000 | -4,023,000 | 119,328,000 | -11,740,000 | -17,692,000 | 63,292,000 | 31,971,000 | -12,880,000 | -17,281,000 | 43,591,000 | 21,390,000 | -12,990,000 | 13,235,000 | 10,423,000 | -595,000 | 16,884,000 | 5,969,000 | 14,500,000 | 19,423,000 | -1,359,000 | 648,000 | -95,000 | 16,848,000 | 7,374,000 | -6,601,000 |
operating lease liabilities | -4,713,000 | -866,000 | -3,527,000 | -4,586,000 | -3,845,000 | -4,699,000 | -2,582,000 | -4,531,000 | 2,112,000 | -9,672,000 | -3,276,000 | -3,199,000 | -3,327,000 | -2,333,000 | -2,494,000 | -2,210,000 | -2,506,000 | -2,372,000 | -2,467,000 | -2,555,000 | -6,671,000 | -2,749,000 | 4,290,000 | -2,975,000 | ||||
deferred revenue | 690,188,000 | 227,497,000 | 63,462,000 | 42,716,000 | 527,084,000 | 103,321,000 | 23,818,000 | 15,041,000 | 510,984,000 | 33,127,000 | 103,850,000 | 48,678,000 | 339,574,000 | 171,346,000 | 151,555,000 | 163,276,000 | 240,826,000 | 123,840,000 | 142,366,000 | 109,376,000 | 149,221,000 | 70,910,000 | 53,867,000 | 64,805,000 | 123,529,000 | 77,877,000 | 54,550,000 | 24,812,000 |
net cash from operating activities | 497,869,000 | 397,541,000 | 332,832,000 | 384,107,000 | 345,722,000 | 326,136,000 | 326,641,000 | 383,228,000 | 347,016,000 | 273,518,000 | 244,781,000 | 300,892,000 | 273,293,000 | 242,851,000 | 209,906,000 | 214,957,000 | 159,718,000 | 159,058,000 | 108,475,000 | 147,533,000 | 114,463,000 | 88,501,000 | 55,025,000 | 98,577,000 | 66,107,000 | 38,635,000 | -6,214,000 | 1,415,000 |
capital expenditures | -119,720,000 | -100,165,000 | -47,786,000 | -103,188,000 | -104,914,000 | -94,975,000 | -53,770,000 | -60,162,000 | -63,436,000 | -33,894,000 | -55,490,000 | -73,166,000 | -63,766,000 | -68,774,000 | -74,149,000 | -57,425,000 | -26,723,000 | -35,555,000 | -34,836,000 | -30,230,000 | -17,073,000 | -12,406,000 | -22,608,000 | -11,576,000 | -15,431,000 | -31,587,000 | -22,944,000 | -17,525,000 |
free cash flows | 378,149,000 | 297,376,000 | 285,046,000 | 280,919,000 | 240,808,000 | 231,161,000 | 272,871,000 | 323,066,000 | 283,580,000 | 239,624,000 | 189,291,000 | 227,726,000 | 209,527,000 | 174,077,000 | 135,757,000 | 157,532,000 | 132,995,000 | 123,503,000 | 73,639,000 | 117,303,000 | 97,390,000 | 76,095,000 | 32,417,000 | 87,001,000 | 50,676,000 | 7,048,000 | -29,158,000 | -16,110,000 |
investing activities | ||||||||||||||||||||||||||||
purchases of property and equipment | -102,465,000 | -83,395,000 | -30,497,000 | -85,751,000 | -87,211,000 | -78,704,000 | -39,254,000 | -49,683,000 | -52,584,000 | -21,264,000 | -40,417,000 | -62,264,000 | -55,410,000 | -61,270,000 | -66,128,000 | -52,211,000 | -26,723,000 | -29,627,000 | -29,997,000 | -25,796,000 | -12,554,000 | -9,911,000 | -20,640,000 | -9,694,000 | -13,350,000 | -29,689,000 | -21,618,000 | -15,541,000 |
capitalized internal-use software and website development costs | -17,255,000 | -16,770,000 | -17,289,000 | -17,437,000 | -17,703,000 | -16,271,000 | -14,516,000 | -10,479,000 | -10,852,000 | -12,630,000 | -15,073,000 | -10,902,000 | -8,356,000 | -7,504,000 | -8,021,000 | -5,214,000 | ||||||||||||
purchases of strategic investments | -500,000 | -8,850,000 | -1,043,000 | -374,000 | -7,000,000 | -10,000,000 | -1,044,000 | -1,658,000 | -5,000,000 | 0 | -1,664,000 | -10,513,000 | ||||||||||||||||
proceeds from sales of strategic investments | 316,000 | 513,000 | 1,242,000 | 3,146,000 | 1,612,000 | 0 | 488,000 | 10,407,000 | ||||||||||||||||||||
business acquisitions, net of cash and restricted cash acquired | -1,354,000 | |||||||||||||||||||||||||||
purchases of intangible assets | -10,600,000 | -26,000 | ||||||||||||||||||||||||||
purchases of short-term investments | 0 | |||||||||||||||||||||||||||
proceeds from maturities and sales of short-term investments | 0 | 0 | 0 | 97,300,000 | 98,281,000 | 0 | ||||||||||||||||||||||
purchases of deferred compensation investments | -1,752,000 | -1,487,000 | -1,311,000 | -1,459,000 | -906,000 | -606,000 | -600,000 | -609,000 | -569,000 | -586,000 | -586,000 | -290,000 | ||||||||||||||||
proceeds from the sale of deferred compensation investments | ||||||||||||||||||||||||||||
net cash from investing activities | -122,976,000 | -490,894,000 | -48,779,000 | -101,830,000 | -325,019,000 | -105,581,000 | -54,890,000 | -51,098,000 | 20,395,000 | -468,836,000 | 41,760,000 | 66,031,000 | -319,140,000 | -97,419,000 | -79,149,000 | -60,950,000 | -93,660,000 | -44,735,000 | -41,175,000 | -384,946,000 | -17,301,000 | -98,375,000 | -23,608,000 | 634,711,000 | -572,115,000 | -27,262,000 | -34,392,000 | 4,138,000 |
financing activities | ||||||||||||||||||||||||||||
proceeds from issuance of common stock upon exercise of stock options | 2,517,000 | 2,053,000 | 1,474,000 | 2,651,000 | 2,259,000 | 1,477,000 | 1,813,000 | 3,106,000 | 3,103,000 | 3,304,000 | 5,738,000 | 3,754,000 | 7,309,000 | 4,921,000 | 10,208,000 | 6,393,000 | 12,162,000 | 824,000 | 7,016,000 | 1,510,000 | ||||||||
proceeds from issuance of common stock under the employee stock purchase plan | 51,212,000 | 0 | 43,517,000 | 0 | 30,943,000 | 0 | 24,974,000 | 0 | 22,825,000 | 0 | 16,979,000 | 0 | ||||||||||||||||
distributions to non-controlling interest holders | -389,000 | 0 | -806,000 | 0 | -244,000 | -3,841,000 | ||||||||||||||||||||||
capital contributions from non-controlling interest holders | 0 | 4,500,000 | 0 | 1,500,000 | 3,000,000 | 0 | 5,000,000 | 500,000 | 0 | 0 | 2,831,000 | 5,257,000 | 1,901,000 | 5,090,000 | 2,501,000 | 1,462,000 | 250,000 | 4,250,000 | 3,000,000 | 655,000 | 0 | 250,000 | 50,000 | 500,000 | ||||
net cash from financing activities | 51,358,000 | 4,773,000 | 74,187,000 | 2,134,000 | 46,386,000 | 844,000 | 62,496,000 | -2,518,000 | 33,460,000 | 2,053,000 | 49,737,000 | 7,908,000 | 29,134,000 | 4,976,000 | 38,759,000 | 4,568,000 | 26,178,000 | 7,554,000 | 36,190,000 | 2,609,000 | 760,529,000 | 5,171,000 | 27,542,000 | 6,893,000 | 27,310,000 | -968,000 | 680,684,000 | -882,000 |
effect of foreign exchange rates on cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | ||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at the end of period: | ||||||||||||||||||||||||||||
cash and cash equivalents | 429,042,000 | -171,353,000 | 358,283,000 | 4,614,153,000 | 62,971,000 | 221,788,000 | 336,099,000 | 3,702,437,000 | 406,197,000 | -198,343,000 | 337,538,000 | 2,829,677,000 | -11,182,000 | 147,693,000 | ||||||||||||||
restricted cash included in prepaid expenses and other current assets | -488,000 | |||||||||||||||||||||||||||
restricted cash included in other long-term assets | 9,000 | |||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows | ||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||
interest paid | 0 | 11,250,000 | 0 | 11,250,000 | 0 | 11,250,000 | 0 | 11,250,000 | 0 | 11,250,000 | 0 | 11,250,000 | 4,000 | 11,258,000 | 24,000 | 11,265,000 | 40,000 | 157,000 | 67,000 | 11,000 | 14,000 | 4,000 | 1,000 | 1,000 | 1,000 | |||
income taxes paid, net of refunds received | 9,959,000 | 15,474,000 | 9,005,000 | 17,026,000 | 4,827,000 | 3,945,000 | 2,656,000 | 7,594,000 | 4,697,000 | 7,920,000 | 6,614,000 | 3,377,000 | 5,174,000 | 1,802,000 | 1,019,000 | 3,948,000 | 70,823,000 | 1,517,000 | 952,000 | 1,385,000 | 169,000 | 900,000 | ||||||
supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||||||||||||||
net increase in property and equipment included in accounts payable and accrued expenses | -18,962,000 | 5,826,000 | -13,359,000 | 2,785,000 | 14,223,000 | 2,390,000 | -22,479,000 | 9,150,000 | -5,539,000 | 5,645,000 | 13,165,000 | -544,000 | 2,586,000 | 186,000 | 4,294,000 | -3,713,000 | 5,775,000 | -297,000 | -723,000 | -2,478,000 | -4,535,000 | |||||||
equity consideration for acquisitions | 0 | 687,000 | 0 | 0 | 468,000 | 0 | 0 | 0 | 0 | 0 | 4,011,000 | 0 | ||||||||||||||||
operating lease liabilities arising from obtaining operating right-of-use assets | 5,544,000 | 7,078,000 | 4,155,000 | 1,095,000 | 1,759,000 | |||||||||||||||||||||||
proceeds from sales of strategic investments not yet received | 8,995,000 | -495,000 | -1,185,000 | 1,846,000 | 184,000 | 0 | 74,000 | 4,734,000 | ||||||||||||||||||||
stock-based compensation included in capitalized software development costs and fixed assets | 14,463,000 | 14,062,000 | 15,140,000 | 13,291,000 | 5,025,000 | 12,456,000 | 11,512,000 | 7,966,000 | ||||||||||||||||||||
noncash consideration for the purchase of strategic investments | 0 | 0 | 0 | 0 | 0 | 3,319,000 | ||||||||||||||||||||||
noncash consideration received from sales of strategic investments | 0 | 0 | 0 | 3,319,000 | ||||||||||||||||||||||||
fair value of common stock to be issued for consideration transferred | ||||||||||||||||||||||||||||
restricted cash held in escrow for purchase consideration for business combinations | -500,000 | |||||||||||||||||||||||||||
proceeds from sales of deferred compensation investments | 9,000 | 119,000 | 45,000 | 0 | ||||||||||||||||||||||||
proceeds from the issuance of common stock upon exercise stock options | 273,000 | 1,721,000 | 634,000 | 844,000 | 1,641,000 | 823,000 | ||||||||||||||||||||||
effect of foreign exchange rates on cash, cash equivalents and restricted cash | 722,000 | 49,000 | 6,546,000 | -4,637,000 | 399,000 | 877,000 | -1,917,000 | 5,369,000 | -4,494,000 | 1,273,000 | -190,000 | 5,579,000 | -2,744,000 | |||||||||||||||
net increase in cash, cash equivalents and restricted cash | -87,858,000 | 358,289,000 | 290,957,000 | 62,452,000 | 221,798,000 | 335,124,000 | 327,695,000 | 406,240,000 | -197,759,000 | 337,551,000 | 374,641,000 | -11,134,000 | 147,664,000 | |||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 4,324,666,000 | 0 | 0 | 0 | 3,377,597,000 | 0 | 0 | 0 | 2,456,924,000 | 0 | 0 | |||||||||||||||
cash, cash equivalents and restricted cash at end of period | -87,858,000 | 358,289,000 | 4,615,623,000 | 62,452,000 | 221,798,000 | 335,124,000 | 3,705,292,000 | 406,240,000 | -197,759,000 | 337,551,000 | 2,831,565,000 | -11,134,000 | 147,664,000 | |||||||||||||||
cash, cash equivalents and restricted cash at the end of period: | ||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash shown in the condensed consolidated statements of cash flows | -87,858,000 | 358,289,000 | 4,615,623,000 | 221,798,000 | 335,124,000 | 3,705,292,000 | -197,759,000 | 337,551,000 | 2,831,565,000 | 147,664,000 | ||||||||||||||||||
fair value of common stock issued for consideration transferred | ||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | -213,876,000 | 0 | -5,000 | -96,376,000 | -281,000 | 115,000 | -60,772,000 | |||||||||||||||||||||
restricted cash included in prepaid expenses and other assets | 6,000 | 1,470,000 | -519,000 | 10,000 | -975,000 | 2,855,000 | 43,000 | 584,000 | 13,000 | 1,888,000 | 48,000 | -29,000 | ||||||||||||||||
net decrease in property and equipment included in accounts payable and accrued expenses | -32,212,000 | 1,186,000 | -17,655,000 | |||||||||||||||||||||||||
repayment of loan payable | 0 | |||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | ||||||||||||||||||||||||||||
vesting of early exercised stock options | 0 | 734,000 | 735,000 | 735,000 | 776,000 | 795,000 | 797,000 | 797,000 | 797,000 | 799,000 | 849,000 | 873,000 | ||||||||||||||||
operating lease liabilities arising from obtaining operating right of-use assets | -764,000 | 13,847,000 | 16,762,000 | -428,000 | 276,000 | 1,470,000 | 530,000 | 2,591,000 | ||||||||||||||||||||
purchases of intangible assets included in accrued expenses and other liabilities | -474,000 | 500,000 | ||||||||||||||||||||||||||
payments of debt issuance costs related to revolving line of credit | ||||||||||||||||||||||||||||
payments of debt issuance costs related to senior notes | ||||||||||||||||||||||||||||
proceeds from sales of investments | 150,000,000 | |||||||||||||||||||||||||||
net loss | -48,932,000 | -54,631,000 | -48,313,000 | -30,409,000 | -41,739,000 | -50,450,000 | -57,318,000 | -82,871,000 | -19,002,000 | -24,531,000 | -29,874,000 | -19,222,000 | -28,408,000 | -35,505,000 | -51,889,000 | -25,977,000 | ||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||
gain on sale of debt securities | 0 | 0 | -1,347,000 | |||||||||||||||||||||||||
amortization of marketable securities purchased at a premium | ||||||||||||||||||||||||||||
purchases of investments | ||||||||||||||||||||||||||||
maturities of marketable securities | 0 | 0 | 0 | 91,605,000 | 31,212,000 | 74,450,000 | 54,319,000 | 68,995,000 | ||||||||||||||||||||
proceeds from issuance of senior notes, net of debt financing costs | ||||||||||||||||||||||||||||
debt financing costs, accrued but not paid | ||||||||||||||||||||||||||||
purchase of strategic investments | -10,181,000 | -5,000,000 | -2,825,000 | -8,500,000 | -6,000,000 | -1,309,000 | 0 | -500,000 | ||||||||||||||||||||
purchase of intangible assets | 0 | 0 | -700,000 | |||||||||||||||||||||||||
payment of debt issuance costs related to revolving line of credit | 0 | 0 | -219,000 | |||||||||||||||||||||||||
payment of debt issuance costs related to senior notes | 0 | 0 | -1,581,000 | |||||||||||||||||||||||||
effect of foreign exchange rates on cash and cash equivalents | -2,472,000 | -3,111,000 | -1,420,000 | -1,436,000 | 1,193,000 | 991,000 | -105,000 | 784,000 | 12,000 | -109,000 | 392,000 | -263,000 | -86,000 | |||||||||||||||
net increase in cash and cash equivalents | 156,103,000 | 89,125,000 | 120,457,000 | 102,054,000 | -233,611,000 | 858,682,000 | -4,808,000 | 59,743,000 | 740,193,000 | -478,807,000 | 10,797,000 | 639,815,000 | 4,585,000 | |||||||||||||||
cash and cash equivalents, beginning of period | 1,996,633,000 | 0 | 0 | 0 | 1,918,608,000 | 0 | 0 | 0 | 264,798,000 | 0 | 0 | 0 | 88,408,000 | |||||||||||||||
cash and cash equivalents, end of period | 2,152,736,000 | 89,125,000 | 120,457,000 | 102,054,000 | 1,684,997,000 | 858,682,000 | -4,808,000 | 59,743,000 | 1,004,991,000 | -478,807,000 | 10,797,000 | 639,815,000 | 92,993,000 | |||||||||||||||
change in fair value of redeemable convertible preferred stock warrant liability | 0 | 0 | 4,855,000 | 1,167,000 | ||||||||||||||||||||||||
other non-cash charges | ||||||||||||||||||||||||||||
purchases of marketable securities | 0 | 0 | 0 | -84,904,000 | -592,004,000 | -70,125,000 | -65,767,000 | -51,805,000 | ||||||||||||||||||||
proceeds from sales of marketable securities | 0 | 0 | 0 | 639,586,000 | 5,108,000 | 0 | 0 | 4,473,000 | ||||||||||||||||||||
proceeds from the issuance of common stock upon initial public offering, net of underwriting discounts | 0 | 0 | ||||||||||||||||||||||||||
payments of deferred offering costs | 0 | -1,792,000 | -1,688,000 | -2,392,000 | ||||||||||||||||||||||||
proceeds from the issuance of common stock upon exercise of early exercisable stock options | 0 | 0 | ||||||||||||||||||||||||||
settlement related to stockholder short-swing trade profit | ||||||||||||||||||||||||||||
conversion of redeemable convertible preferred stock to common stock | 0 | -101,295,000 | ||||||||||||||||||||||||||
conversion of redeemable convertible preferred stock warrant liabilities reclassified to additional paid-in capital | 0 | 0 | ||||||||||||||||||||||||||
net decrease in deferred offering costs, accrued but not paid | ||||||||||||||||||||||||||||
loss on disposal of property and equipment | 15,000 | |||||||||||||||||||||||||||
accrued expenses and other current liabilities | 26,584,000 | 26,013,000 | 29,229,000 | 22,195,000 | 9,755,000 | -7,017,000 | -1,095,000 | 5,768,000 | 5,500,000 | 312,000 | -2,407,000 | |||||||||||||||||
other liabilities, noncurrent | -240,000 | 335,000 | -216,000 | -177,000 | ||||||||||||||||||||||||
capitalized internal-use software and website development | -5,928,000 | -4,839,000 | -4,434,000 | |||||||||||||||||||||||||
provision for credit losses | ||||||||||||||||||||||||||||
accretion of marketable securities purchased at a premium | ||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of impact of acquisition | ||||||||||||||||||||||||||||
other liabilities | -551,000 | 12,828,000 | 871,000 | 2,667,000 | 4,198,000 | 1,052,000 | ||||||||||||||||||||||
business acquisition, net of cash acquired | -339,000 | -353,407,000 | -48,000 | |||||||||||||||||||||||||
loss on disposal of fixed assets | 19,000 | |||||||||||||||||||||||||||
provision for bad debts | 274,000 | -96,000 | -179,000 | -418,000 | 149,000 | |||||||||||||||||||||||
changes in operating assets and liabilities | ||||||||||||||||||||||||||||
gain on debt and equity securities | ||||||||||||||||||||||||||||
accretion | ||||||||||||||||||||||||||||
capitalized internal-use software | -4,519,000 | -2,495,000 | -1,968,000 | -1,882,000 | -2,081,000 | -1,898,000 | -1,326,000 | -1,984,000 | ||||||||||||||||||||
proceeds from issuance of redeemable convertible preferred stock, net of issuance costs | ||||||||||||||||||||||||||||
proceeds from revolving line of credit | ||||||||||||||||||||||||||||
issuance costs related to revolving line of credit | ||||||||||||||||||||||||||||
repayment of revolving line of credit | ||||||||||||||||||||||||||||
repayment of notes receivable from related parties | ||||||||||||||||||||||||||||
payments of contingent consideration | ||||||||||||||||||||||||||||
payments of indemnity holdback | ||||||||||||||||||||||||||||
repurchase of stock options | ||||||||||||||||||||||||||||
contingent consideration associated with business combinations | ||||||||||||||||||||||||||||
net increase in deferred offering costs, accrued but not paid | 0 | |||||||||||||||||||||||||||
accretion (amortization) of marketable securities purchased at a discount | 0 | |||||||||||||||||||||||||||
amortization of marketable securities purchased at a discount | 578,000 | |||||||||||||||||||||||||||
income taxes paid | 353,000 | 808,000 | 641,000 | 299,000 | 114,000 | |||||||||||||||||||||||
accretion of marketable securities purchased at a discount | 66,000 | -353,000 | -447,000 | -513,000 | ||||||||||||||||||||||||
changes in operating assets and liabilities, net of business combinations | ||||||||||||||||||||||||||||
business combinations, net of cash acquired | ||||||||||||||||||||||||||||
acquisition of intangible assets | ||||||||||||||||||||||||||||
issuance of notes receivable to related parties | ||||||||||||||||||||||||||||
indemnity holdback consideration associated with business combinations | ||||||||||||||||||||||||||||
accretion of redeemable convertible preferred stock | ||||||||||||||||||||||||||||
allowance for doubtful accounts | 391,000 | 276,000 | -254,000 | |||||||||||||||||||||||||
proceeds from the issuance of redeemable convertible preferred stock, net of issuance costs | ||||||||||||||||||||||||||||
other | -424,000 | |||||||||||||||||||||||||||
net change in deferred offering costs, accrued but not paid | -1,210,000 | |||||||||||||||||||||||||||
net change in property and equipment included in accounts payable and accrued expenses | -54,000 |