CRWD CrowdStrike Holdings, Inc. - Class A Common Stock

NASDAQ · Technology · View on SEC EDGAR ↗
$187.25
Price · Aug 21, 2026
Fundamentals as of Jun 4, 2026
52W Range
$168–$786
3% of range
Analyst Rating
BUY
61 analysts
Price Target
$200
+7% upside
P/E (TTM)
-685.9
ROE
-4.2%
Net Profit Margin
-3.4%

About CrowdStrike Holdings, Inc. - Class A Common Stock Company overview from Wikipedia

CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services. The company was co-founded in 2011 by George Kurtz, Dmitri Alperovitch, and Gregg Marston. Kurtz serves as the CEO. CrowdStrike went public on the Nasdaq in 2019 and joined the S&P 500 index in 2024.

Read more

CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides endpoint security, threat intelligence, and cyberattack response services. The company was co-founded in 2011 by George Kurtz, Dmitri Alperovitch, and Gregg Marston. Kurtz serves as the CEO. CrowdStrike went public on the Nasdaq in 2019 and joined the S&P 500 index in 2024.

CrowdStrike investigated several high-profile cyberattacks, often linking them to state-sponsored actors. On July 19, 2024, it issued a faulty update to its security software that caused global computer outages that disrupted air travel, banking, broadcasting, and other services, particularly at Delta Air Lines. CrowdStrike issued public apologies and announced changes intended to prevent similar incidents. Delta Air Lines and CrowdStrike subsequently filed competing lawsuits against each other over the outage.

History

CrowdStrike was co-founded in 2011 by George Kurtz (CEO), Dmitri Alperovitch (former CTO), and Gregg Marston (CFO, retired). The following year, the company hired Shawn Henry, a former Federal Bureau of Investigation (FBI) official, to lead the subsidiary CrowdStrike Services, Inc., which offered security and response services. The company launched CrowdStrike Falcon, an antivirus package, as its first product in June 2013.

In May 2014, CrowdStrike's reports helped the United States Department of Justice charge five Chinese military hackers with economic cyber espionage against U.S. corporations. CrowdStrike also uncovered the activities of Energetic Bear, a group connected to Russia's Federal Security Service which conducted intelligence operations against global targets, primarily in the energy sector.

Following the 2014 cyberattack on Sony Pictures, CrowdStrike identified evidence suggesting North Korean government involvement and provided analysis on the methods used in the attack. CrowdStrike also helped identify members of Putter Panda, the state-sponsored Chinese group of hackers also known as PLA Unit 61486.

In May 2015, the company reported a serious security problem called VENOM. It was found in QEMU, a program used to run virtual computers, and could let hackers steal private information. In October 2015, the company announced that it had identified Chinese hackers attacking technology and pharmaceutical companies around the time that U.S. President Barack Obama and China's leader Xi Jinping publicly agreed not to conduct economic espionage against each other. The alleged hacking would have been in violation of that agreement.

In July 2015, Google invested in the company's Series C funding round. In 2017, Crowdstrike reached a valuation of more than $1 billion with an estimated annual revenue of $100 million. In June 2018, the company said it was valued at more than $3 billion. Investors at the time included Telstra, March Capital Partners, Rackspace, Accel Partners and Warburg Pincus. In June 2019, the company made an initial public offering on the Nasdaq.

In 2020, CrowdStrike launched a tool called Falcon Identity Threat Protection to help protect user identities. In 2022, it became a managed service, meaning CrowdStrike started running it for customers. That same year, they added a cloud-based threat hunting feature to look for signs of attacks. In December 2021, the company moved its headquarters location from Sunnyvale, California, to Austin, Texas. In 2023, CrowdStrike introduced CrowdStream service in collaboration with Cribl.io. Charlotte AI, CrowdStrike's generative AI security analyst, was launched in May 2023 as part of Falcon's AI-driven security updates, enhancing automated threat triaging and response. In September 2023, CrowdStrike launched Falcon Foundry, a no-code application development platform directed at a wider audience, and in September 2024, the company launched CrowdStrike Financial Services, which offers payment solutions and financing to improve access to the Falcon platform. The company joined the S&P 500 index in June 2024.

Acquisitions

Crowdstrike has a history of acquisitions, including:

November 2017: Payload Security (develops automated malware analysis sandbox technology)

September 2020: Preempt Security (zero trust and conditional access technology provider): $96 million

February 2021: Humio (Danish log management platform): $400 million.

November 2021: SecureCircle (SaaS-based cybersecurity service)

October 2022: Reposify (an external attack surface management vendor for risk management)

September 2023: Bionic.ai (Israeli cybersecurity startup)

November 2024: Flow Security ($200 million) and Adaptive Shield ($300 million) (Israeli cloud security startups)

August 2025: Onum (Spanish company focused on managing real-time telemetry pipelines)

January 2026: SGNL (California-based identity security firm): $750 million

January 2026: Seraphic Security (Israel-based cybersecurity firm specializing in browser runtime security): $420 million.

Earnings

In 2024, total revenue was $3.06 billion, a 36% increase.

Russian hacking investigations

CrowdStrike helped investigate the Democratic National Committee cyberattacks and a connection to Russian intelligence services. On 20 March 2017, then-FBI director James Comey testified before congress stating:"CrowdStrike, Mandiant, and ThreatConnect review[ed] the evidence of the hack and conclude[d] with high certainty that it was the work of APT 28 and APT 29 who are known to be Russian intelligence services."Comey previously testified in January 2017 that a request for FBI forensics investigators to access the DNC servers was denied, saying Crowdstrike agreed to share information.

In December 2016, CrowdStrike released a report stating that Russian government-affiliated group Fancy Bear had hacked a Ukrainian artillery app. The report concluded that Russia had used the hack to cause large losses to Ukrainian artillery units. The app (called ArtOS) was installed on tablet PCs and used for fire-control. CrowdStrike also found a hacked variation of POPR-D30 being distributed on Ukrainian military forums that utilized an X-Agent implant.

The U.K.-based think tank International Institute for Strategic Studies said CrowdStrike’s report wrongly used its data and denied that hacking caused Ukraine’s artillery losses. The Ukrainian Ministry of Defense also rejected the CrowdStrike report, stating that actual artillery losses were much smaller than what was reported by CrowdStrike and were not associated with Russian hacking. Prior to this, CrowdStrike had published a report claiming that malware used in Ukraine and against the Democratic National Committee (DNC) appeared to be unique and identical, offering it as further evidence for a Russian origin of the DNC attack.

Cybersecurity firm SecureWorks discovered a list of email addresses targeted by Fancy Bear in phishing attacks. The list included the email address of Yaroslav Sherstyuk, the developer of ArtOS. Additional Associated Press research supports CrowdStrike's conclusions about Fancy Bear. Radio Free Europe notes that the AP report "lends some credence to the original CrowdStrike report, showing that the app had, in fact, been targeted."

2024 IT outages

On 19 July 2024, CrowdStrike released a faulty configuration update for its Falcon Sensor software on Microsoft Windows systems. The update caused around 8.5 million computers to crash and fail to restart properly. The disruption affected organizations in many sectors, including airlines, healthcare providers, financial institutions, media companies, and government services in multiple countries.

CrowdStrike identified the faulty configuration update as the cause of the incident and stated that it was not the result of a cyberattack. The company released guidance and tools to help customers restore affected systems. Chief executive George Kurtz and other senior leaders issued public apologies, saying the company was “deeply sorry” for the disruption and announcing planned process changes to reduce the risk of similar incidents in the future.

The outage led to industry and policy discussions about the risks associated with widely used, centralized security software and the importance of improving operational resilience in global information technology infrastructure, including giving customers more granular control on software updates.

Following the outage, CrowdStrike launched the "Falcon Flex" customer retention program, offering customers additional products and flexible subscriptions. By late 2025, Falcon Flex had accumulated over $3.2 billion in total deal value. CrowdStrike CEO George Kurtz stated that the company's customer renewal rate remained at 97%.

Delta lawsuits

Delta Air Lines and CrowdStrike filed lawsuits against each other following the July 2024 Falcon software update.

On October 25, 2024, Delta filed a lawsuit against CrowdStrike in Georgia state court, seeking approximately $500–550 million in damages. The airline said the claim covered flight cancellations, lost revenue, and costs related to restoring its operations after the Falcon software update. A Georgia judge allowed Delta to proceed with key claims in its lawsuit, including allegations of gross negligence and computer trespass, while limiting certain fraud claims.

On the same day that Delta filed its lawsuit, CrowdStrike filed a separate suit in the United States District Court for the Northern District of Georgia. The company sought a declaratory judgment stating that any liability arising from the July 2024 incident is limited by the terms of the parties’ service contract.

CrowdStrike acknowledged that the flawed configuration update caused the global outage. The company stated that it identified the issue quickly and released a corrective update, with most major airline customers were operating at near-normal levels by the following day. Delta experienced longer disruptions than other major airlines following the outage. CrowdStrike argued that the extended impact on Delta was due to the airline’s own information technology architecture and operational decisions, including its reliance on Microsoft Windows systems and its approach to system recovery, rather than the software update itself.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

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CRWD Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$187.25
Market Cap
—
P/E (TTM)
-685.9
EPS (TTM)
$-0.65
Revenue (TTM)
$4.81B
Div Yield
—
ROE
-4.2%
Debt/Equity
0.2
52W Range
$168 – $786

CRWD Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $4.81B
9-point trend, +3952.1%
2018-01-31 → 2026-01-31
EPS $-0.65
7-point trend, +32.3%
2020-01-31 → 2026-01-31
Free Cash Flow $1.31B
7-point trend, +6535.8%
2020-01-31 → 2026-01-31
Margins -3.4%
7-point trend, +5.8%
2020-01-31 → 2026-01-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
CRWD
Peer Median
P/E (TTM)
5-point trend, -291.1%
-685.9
45.1

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
CRWD
Peer Median
Gross Margin
5-point trend, +1.5%
74.7%
76.6%
Operating Margin
5-point trend, +37.9%
-6.1%
—
Net Profit Margin
5-point trend, +79.1%
-3.4%
12.7%
ROA
5-point trend, +77.8%
-1.6%
4.5%
ROE
5-point trend, +83.0%
-4.2%
15.5%
ROIC
5-point trend, +38.7%
-7.2%
—

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
CRWD
Peer Median
Debt / Equity
5-point trend, -76.7%
0.2
190.5
Current Ratio
5-point trend, -3.0%
1.8
1.4
Quick Ratio
5-point trend, +502.0%
1.6
—

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
CRWD
Peer Median
Revenue YoY
5-point trend, +231.5%
21.7%
—
Revenue CAGR 3Y
5-point trend, +231.5%
29.0%
—
Revenue CAGR 5Y
5-point trend, +231.5%
40.6%
—

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
CRWD
Peer Median
EPS (Diluted)
5-point trend, +36.9%
$-0.65
—

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
CRWD
Peer Median

CRWD Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 61 analysts
  • Strong Buy 12 19.7%
  • Buy 34 55.7%
  • Hold 13 21.3%
  • Sell 1 1.6%
  • Strong Sell 1 1.6%

12-Month Price Target

50 analysts · 2026-08-18
Median target $200.00 +6.8%
Mean target $199.55 +6.6%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.02%
Next Report
Aug 26, 2026
Period EPS Actual EPS Est Surprise
March 31, 2027 $1.10 $1.09 —
June 30, 2026 $0.28 $0.27 0.00%
March 31, 2026 $0.28 $0.28 -0.00%
Dec. 31, 2025 $0.24 $0.24 0.00%
Sept. 30, 2025 $0.23 $0.21 0.02%
June 30, 2025 $0.73 $0.67 0.06%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
CRWD — -685.9 21.7% -3.4% -4.2% 74.7%
MSFT $2.77T 20.8 17.8% 40.3% 34.0% 67.9%
ORCL $650.25B 38.7 17.3% 25.4% 54.3% —
PANW $115.95B 108.5 14.9% 12.3% 16.0% 73.4%
NOW $160.43B 91.7 20.9% 13.2% 14.6% 77.5%
FTNT $59.00B 32.8 14.2% 27.3% 135.7% 80.5%
ZS $45.20B -1057.6 23.3% -1.6% -2.4% 76.9%
RBRK $11.32B -31.4 48.5% -26.5% 64.4% 80.1%
GEN $11.30B 12.0 27.1% 19.5% 38.4% 78.5%
FROG $7.47B -100.7 24.1% -13.5% -8.4% 76.8%
PATH — 24.2 12.7% 17.5% 15.1% 83.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18
Annual Income Statement data for CRWD
Metric Trend 20262025202420232022202120202019
Revenue 8-point trend, +1826.2% $4.81B $3.95B $3.06B $2.24B $1.45B $874M $481M $250M
Cost of Revenue 8-point trend, +1297.2% $1.22B $990M $759M $601M $383M $230M $142M $87M
Gross Profit 8-point trend, +2110.0% $3.59B $2.96B $2.30B $1.64B $1.07B $645M $340M $163M
R&D Expense 8-point trend, +1537.8% $1.38B $1.08B $780M $608M $371M $215M $130M $85M
SG&A Expense 8-point trend, +1487.9% $670M $481M $395M $317M $223M $121M $89M $42M
Operating Expenses 8-point trend, +1197.8% $3.89B $3.08B $2.32B $1.83B $1.21B $737M $486M $299M
Operating Income 8-point trend, -114.3% $-293M $-116M $-19M $-190M $-143M $-93M $-146M $-137M
Interest Expense 6-point trend, +5917.8% · · $26M $25M $25M $2M $442.0K $428.0K
Interest Income 6-point trend, +3824.5% $195M $196M $149M $52M $4M $5M · ·
Other Non-op 8-point trend, +54.5% $-645.0K $5M $2M $3M $4M $1M $7M $-1M
Pretax Income 8-point trend, +8.5% $-127M $59M $106M $-160M $-160M $-88M $-140M $-139M
Income Tax 8-point trend, +2400.1% $34M $71M $32M $22M $72M $5M $2M $1M
Net Income 8-point trend, -16.0% $-163M $-15M $72M $-183M $-235M $-93M $-142M $-140M
EPS (Basic) 7-point trend, +32.3% $-0.65 $-0.06 $0.30 $-0.79 $-1.03 $-0.43 $-0.96 ·
EPS (Diluted) 7-point trend, +32.3% $-0.65 $-0.06 $0.30 $-0.79 $-1.03 $-0.43 $-0.96 ·
Shares (Basic) 7-point trend, +69.2% 250,576,000 244,750,000 238,637,000 233,139,000 227,142,000 217,756,000 148,062,000 ·
Shares (Diluted) 7-point trend, +69.2% 250,576,000 244,750,000 243,635,000 233,139,000 227,142,000 217,756,000 148,062,000 ·
EBITDA 7-point trend, -100.8% $-293M $-120M $-2M $-190M $-143M $-93M $-146M ·
Balance Sheet 27
Annual Balance Sheet data for CRWD
Metric Trend 20262025202420232022202120202019
Cash & Equivalents 8-point trend, +5815.9% $5.23B $4.32B $3.38B $2.46B $2.00B $1.92B $265M $88M
Short-term Investments 6-point trend, -100.0% · $0 $100M $250M $0 · $647M $103M
Receivables 8-point trend, +1372.6% $1.36B $1.13B $853M $626M $368M $239M $165M $92M
Prepaid Expense 8-point trend, +1962.4% $380M $314M $183M $122M $79M $54M $52M $18M
Other Current Assets 7-point trend, +11556.1% $129M $67M $38M · $13M $5M $7M $1M
Current Assets 8-point trend, +2138.8% $7.42B $6.11B $4.76B $3.64B $2.57B $2.29B $1.17B $331M
PP&E (Net) 8-point trend, +1224.1% $976M $789M $620M $492M $261M $167M $136M $74M
PP&E (Gross) 8-point trend, +1639.6% $1.75B $1.31B $958M $709M $402M $256M $186M $100M
Accum. Depreciation 8-point trend, +2787.7% $771M $522M $338M $216M $142M $89M $50M $27M
Goodwill 8-point trend, +17054.8% $1.36B $913M $638M $431M $416M $84M $8M $8M
Intangibles 8-point trend, +12944.1% $137M $133M $115M $87M $97M $16M $527.0K $1M
Other Non-current Assets 8-point trend, +4134.9% $389M $137M $76M $29M $25M $17M $17M $9M
Total Assets 8-point trend, +2459.1% $11.09B $8.70B $6.65B $5.03B $3.62B $2.73B $1.40B $433M
Accounts Payable 8-point trend, +1436.4% $105M $131M $28M $45M $48M $12M $1M $7M
Accrued Liabilities 8-point trend, +456.5% $181M $191M $126M $138M $83M $51M $30M $33M
Current Liabilities 8-point trend, +1386.8% $4.18B $3.46B $2.70B $2.11B $1.41B $864M $493M $281M
Capital Leases 7-point trend, +56374000.00 $56M $31M $36M $30M $25M $32M $0 ·
Other Non-current Liabilities 8-point trend, +2766.8% $296M $151M $50M $32M $16M $17M $11M $10M
Total Liabilities 8-point trend, +1721.6% $6.61B $5.38B $4.31B $3.54B $2.58B $1.86B $662M $363M
Total Debt 6-point trend, +1.0% $745M $744M $742M $741M $740M $738M · ·
Common Stock 7-point trend, +429.2% $127.0K $124.0K $121.0K $118.0K $115.0K $112.0K · $24.0K
Paid-in Capital 8-point trend, +18145.3% $5.69B $4.41B $3.36B $2.61B $1.99B $1.60B $1.38B $31M
Retained Earnings 8-point trend, -147.2% $-1.28B $-1.12B $-1.06B $-1.15B $-965M $-730M $-637M $-519M
AOCI 8-point trend, +16998.0% $17M $-10M $-2M $-1M $-1M $2M $1M $98.0K
Stockholders' Equity 8-point trend, +1007.8% $4.43B $3.28B $2.30B $1.46B $1.03B $871M $742M $-488M
Liabilities + Equity 8-point trend, +2459.1% $11.09B $8.70B $6.65B $5.03B $3.62B $2.73B $1.40B $433M
Shares Outstanding 2-point trend, -100.0% · · · · · · 0 47,421,000
Cash Flow 14
Annual Cash Flow data for CRWD
Metric Trend 20262025202420232022202120202019
Stock-based Comp 8-point trend, +5248.3% $1.10B $861M $649M $527M $310M $150M $80M $21M
Deferred Tax 8-point trend, -3440.0% $-15M $-10M $-3M $1M $-14M $-1M $-681.0K $-418.0K
Amort. of Intangibles 8-point trend, +5257.3% $31M $26M $18M $17M $13M $1M $487.0K $583.0K
Restructuring $45M · · · · · · ·
Operating Cash Flow 8-point trend, +7120.0% $1.61B $1.38B $1.17B $941M $575M $357M $100M $-23M
CapEx 8-point trend, +742.7% $302M $255M $177M $235M $112M $53M $80M $36M
Investing Cash Flow 8-point trend, -438.3% $-764M $-537M $-341M $-557M $-565M $495M $-630M $-142M
Stock Repurchased 3-point trend, -100.0% · · · · · $0 $0 $2M
Net Stock Activity Flat — no change across 2 periods · · · · · $0 $0 ·
Financing Cash Flow 8-point trend, -30.4% $132M $107M $93M $77M $73M $800M $706M $190M
Net Change in Cash 8-point trend, +3823.9% $990M $947M $921M $460M $78M $1.65B $176M $25M
Taxes Paid 8-point trend, +3591.8% $51M $19M $23M $12M $75M $2M $2M $1M
Free Cash Flow 7-point trend, +6535.8% $1.31B $1.13B $990M $706M $463M $304M $20M ·
Levered FCF 5-point trend, +4930.3% · · $971M $677M $426M $302M $19M ·
Profitability 8
Annual Profitability data for CRWD
Metric Trend 20262025202420232022202120202019
Gross Margin 7-point trend, +5.8% 74.7% 74.9% 75.3% 73.2% 73.6% 73.8% 70.6% ·
Operating Margin 7-point trend, +79.9% -6.1% -3.0% -0.07% -8.5% -9.8% -10.6% -30.3% ·
Net Margin 6-point trend, +88.5% -3.4% -0.49% 2.9% -8.2% -16.2% · -29.4% ·
Pretax Margin 7-point trend, +90.9% -2.6% 1.4% 4.0% -7.1% -11.0% -10.1% -29.0% ·
EBITDA Margin 7-point trend, +79.9% -6.1% -3.0% -0.07% -8.5% -9.8% -10.6% -30.3% ·
ROA 6-point trend, +89.4% -1.6% -0.25% 1.5% -4.2% -7.4% · -15.4% ·
ROE 6-point trend, +78.3% -4.2% -0.69% 4.7% -14.7% -24.8% · -19.4% ·
ROIC 7-point trend, +64.0% -7.2% 0.91% -0.05% -9.8% -11.7% -6.1% -20.0% ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for CRWD
Metric Trend 20262025202420232022202120202019
Current Ratio 7-point trend, -25.4% 1.8 1.8 1.8 1.7 1.8 2.7 2.4 ·
Quick Ratio 7-point trend, -4.4% 1.6 1.6 1.6 1.6 0.3 0.3 1.6 ·
Debt / Equity 6-point trend, -80.1% 0.2 0.2 0.3 0.5 0.7 0.8 · ·
LT Debt / Equity 6-point trend, -80.1% 0.2 0.2 0.3 0.5 0.7 0.8 · ·
Interest Coverage 5-point trend, +100.0% · · -0.1 -7.5 -5.6 -59.4 -330.5 ·
Efficiency 2
Annual Efficiency data for CRWD
Metric Trend 20262025202420232022202120202019
Asset Turnover 7-point trend, -7.2% 0.5 0.5 0.5 0.5 0.5 0.4 0.5 ·
Receivables Turnover 7-point trend, +3.3% 3.9 4.0 4.1 4.5 4.8 4.3 3.7 ·
Per Share 3
Annual Per Share data for CRWD
Metric Trend 20262025202420232022202120202019
Revenue / Share 5-point trend, +200.5% $19.20 $16.15 $12.54 $9.61 $6.39 · · ·
Cash Flow / Share 5-point trend, +154.3% $6.43 $5.65 $4.79 $4.04 $2.53 · · ·
EPS (TTM) 7-point trend, +32.3% $-0.65 $-0.06 $0.30 $-0.79 $-1.03 $-0.43 $-0.96 ·
Growth Rates 3
Annual Growth Rates data for CRWD
Metric Trend 20262025202420232022202120202019
Revenue YoY 5-point trend, -67.1% 21.7% 29.4% 36.3% 54.4% 66.0% · · ·
Revenue CAGR 3Y 3-point trend, -43.9% 29.0% 39.6% 51.7% · · · · ·
Revenue CAGR 5Y 40.6% · · · · · · ·
Valuation (TTM) 8
Annual Valuation (TTM) data for CRWD
Metric Trend 20262025202420232022202120202019
Revenue TTM 7-point trend, +899.6% $4.81B $3.95B $3.06B $2.24B $1.45B $874M $481M ·
Net Income TTM 7-point trend, -14.6% $-163M $-15M $72M $-183M $-235M $-93M $-142M ·
Market Cap · · · · · · $0 ·
P/E 7-point trend, -977.9% -685.9 -6634.5 975.0 -134.1 -175.4 -501.9 -63.6 ·
P/S · · · · · · 0.0 ·
P / Cash Flow · · · · · · 0.0 ·
P / FCF · · · · · · 0.0 ·
Earnings Yield 7-point trend, +90.4% -0.15% -0.02% 0.10% -0.75% -0.57% -0.20% -1.6% ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2026-01-312025-01-312024-01-312023-01-312022-01-31
Revenue $4.81B$3.95B$3.06B$2.24B$1.45B
Gross Margin % 74.7%74.9%75.3%73.2%73.6%
Operating Margin % -6.1%-3.0%-0.07%-8.5%-9.8%
Net Income $-163M$-15M$72M$-183M$-235M
Diluted EPS $-0.65$-0.06$0.30$-0.79$-1.03
Balance Sheet
2026-01-312025-01-312024-01-312023-01-312022-01-31
Debt / Equity 0.20.20.30.50.7
Current Ratio 1.81.81.81.71.8
Quick Ratio 1.61.61.61.60.3
Cash Flow
2026-01-312025-01-312024-01-312023-01-312022-01-31
Free Cash Flow $1.31B$1.13B$990M$706M$463M

CRWD AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.75
↑ Bullish

I see CrowdStrike's cloud-native Falcon platform dominating endpoint detection as AI-driven threats explode cybersecurity budgets, potentially doubling by 2030 per Dan Ives on April 3. Gross margins stick at 74%, showing massive pricing power and subscription stickiness that scales without proportional cost hikes. Management boosted buybacks to $1.5 billion on April 6, a strong vote of confidence in improving free cash flow. Partnerships like Anthropic's on April 12 further widen the moat.

↓ Bearish

CrowdStrike burns cash with deepening losses in a frothy cyber sector, leaving its premium valuation vulnerable to any growth hiccup. ROE has fallen to -8.66%, actively destroying shareholder value through high operating expenses relative to equity. Net margins worsened to -6.88%, signaling the profitability path remains elusive despite revenue scale. P/S at 25.9x holds steady amid recent share price weakness, demanding flawless execution with peers like PANW trading at similar multiples but positive returns.

Claude NEUTRAL 0.62
↑ Bullish

CrowdStrike owns a structural moat in endpoint security that only widens as AI attack surfaces explode — and the market is finally pricing in that shift. Gross margin sits at 74.28%, which is fortress-level for software and means pricing power is real. The company is also returning capital aggressively: a $500 million boost to buybacks announced in early April signals management confidence that the stock is undervalued. If cybersecurity budgets truly double by 2030 as analysts suggest, CRWD's installed base and platform stickiness give it first-mover advantage in capturing that expansion.

↓ Bearish

CrowdStrike is burning cash on a massive scale — negative 6.88% net margin and negative 1.26 EPS trailing twelve months — which means the buyback program is masking deteriorating unit economics, not reflecting strength. The P/S multiple of 25.9x is still elevated for a company losing money, and the debt-to-equity ratio of 18.55 is dangerously high, leaving little room for a revenue miss or margin compression. Until the company proves it can convert that 74% gross margin into actual profits, the stock is a story, not a business, and the recent 7% dip from $514 to $478 may be the market finally waking up to that gap.

Gemini NEUTRAL 0.65
↑ Bullish

CrowdStrike is successfully positioning itself as the indispensable backbone for the next generation of AI-driven security. The company recently secured a launch partnership for Anthropic’s Project Glasswing, which validates their platform as a primary security layer for agentic AI. Their 74.28% gross margin proves they have the massive pricing power needed to dominate this high-growth sector. This margin indicates that for every dollar of revenue, nearly 75 cents remains after direct costs, showing exceptional efficiency in delivering their cloud-native services. With an additional $500 million earmarked for share repurchases, management is clearly signaling confidence in their long-term valuation.

↓ Bearish

The fundamental disconnect between CrowdStrike’s massive market valuation and its persistent lack of profitability remains a significant red flag for investors. The company is currently operating at a -8.66% return on equity. This negative return means that for every dollar of shareholder capital, the company is currently losing value rather than generating profit. Furthermore, trading at 25.89 times sales, the stock is priced for perfection in a market that is becoming increasingly intolerant of growth-at-any-cost models. At this price-to-sales multiple, investors are paying a premium that assumes flawless execution and rapid margin expansion that simply hasn't materialized yet.

Chatgpt NEUTRAL 0.62
↑ Bullish

I think CrowdStrike remains the AI-powered security moat with a scalable, high-margin platform and a disciplined capital-allocation stance. Gross margin TTM 74.28%. That margin signals pricing power and scalable software economics as it adds customers. Debt/Equity 18.55. It leaves the balance sheet room to invest and fund a buyback. Buyback authorization up to $1.5B. It shows cash-flow confidence and can lift per-share value even if near-term earnings are challenged. Recent signals: 4/6 buyback boost and 4/12 Claude Mythos news underscore AI momentum.

↓ Bearish

I think the strongest bearish case is that profitability remains negative and the stock trades at a rich multiple relative to peers. ROE TTM -8.66%. Negative returns on equity imply capital is not being rewarded by the market yet. Net margin TTM -6.88%. Profitability is negative, sowing risk that growth alone will not justify the multiple. Market cap slide from about $129.4B to $118.2B last quarter. This move reflects investor skepticism and the risk that growth will not translate into profits.

Round 2 — Responses & Rebuttals

Grok

Claude, your take that the 18.55 debt-to-equity ratio is dangerously high ignores its downward trend from 21.57 in 2025Q3, showing management actively deleveraging as revenue grows. This means more equity cushion per debt dollar to fund AI expansions without dilution risks. With current ratio steady at 1.81, liquidity comfortably covers short-term needs — bolstering the case for holding through volatility.

Claude

I need to push back on Grok here — you're conflating two separate things and it's muddying the analysis. Yes, gross margin at 74% is fortress-level, and yes, the buyback boost signals confidence. But then you say ROE falling to -8.66% is 'actively destroying shareholder value.' That's backwards. Negative ROE when a company is unprofitable doesn't mean buybacks are destroying value — it means the company hasn't yet proven it can turn revenue into earnings. The buyback is a bet that it will. That's a defensible thesis, but only if we're honest that right now, CRWD is spending cash to reduce share count while the underlying business bleeds. The moat story and the profitability gap are real tensions, not compatible narratives.

Gemini

Claude, your point about the debt-to-equity ratio misses the reality of how CrowdStrike is actually funding its operations. While you cited a ratio of 18.55, you are overlooking that this is largely a function of their aggressive capital structure rather than a sign of insolvency. A current ratio of 1.81 shows they have nearly two dollars in liquid assets for every dollar of short-term debt. This liquidity buffer provides the necessary runway to support their growth initiatives without the immediate liquidity crisis you are implying.

Chatgpt

Claude, your point about profitability is valid, but I think you overlook how CrowdStrike's margin mix and buyback signal potential value even with near-term losses. Gross margin 74.28% signals pricing power and scale that could translate into better unit economics as revenue grows. That means the stock's high multiple might be justified if growth remains robust and free cash flow improves, allowing continued buybacks without choking investments. Your concern about D/E and negative ROE stays real, but capital allocation can still lift per-share value.

Round 3 — Final Rebuttals

G
Grok

Claude, your dismissal of negative ROE as mere unprofitability overlooks the math: at -8.66%, CrowdStrike destroys $8.66 of shareholder value per $100 of equity each year. Buybacks reduce shares but concentrate that destruction among fewer owners unless profitability flips fast. PANW manages 14.85% ROE, turning equity into real gains without the same bleed — CRWD's path demands more proof than partnerships or budgets doubling.

C
Claude

I want to push back on something nobody's touched yet — the competitive moat claim itself. Yes, CRWD has 74% gross margin and a big installed base, but I haven't heard anyone address why Palo Alto Networks trades at a 115x P/E while CRWD sits at 25.9x P/S, despite PANW being profitable and CRWD burning cash. That gap exists for a reason: the market is pricing in that CRWD's endpoint dominance doesn't insulate it from platform consolidation. If enterprises start bundling detection, response, and threat intel into unified stacks — which is exactly what PANW and Microsoft are pushing — CRWD's single-point-of-entry advantage erodes fast. The Anthropic partnership is real, but it's a defensive move, not a moat widener. Until CRWD shows it can cross-sell beyond Falcon or defend against bundle pressure, the buyback is just financial engineering on a narrowing TAM.

G
Gemini

I want to widen the frame, because we are ignoring the technical positioning that is currently driving CRWD's price action. Institutional investors are currently rotating out of high-beta software names as the broader market prices in a 'higher-for-longer' interest rate environment. This shift is reflected in the 17.5 million shares traded during the week of June 27th, which was significantly higher than the typical volume. That surge in volume during a down-week suggests large institutional holders are actively trimming positions. Until we see that selling pressure stabilize, the fundamental narrative about AI partnerships will likely remain secondary to the technical overhead.

C
Chatgpt

Claude, your claim that buybacks mask deteriorating unit economics is too binary. Gross margin is 74.28%. That implies pricing power and scalable software economics, which means cash flow could improve even if near-term profits lag. Moreover, the buyback cadence—now up to $1.5 billion—signals management's confidence that capital will be allocated toward per-share value rather than chasing weak growth. Net losses and ROE negativity remain a risk, but the business's core economics aren't destroyed by buybacks alone.

Price Forecasts

Model 3M Target 6M Target Reasoning
G Grok 3M Target $495.00 6M Target $525.00 Reasoning I think CrowdStrike merits a hold with modest upside as its AI security moat counters profitability drags, assuming execution on growth narratives. The concrete catalyst is the 2026Q2 earnings release expected in late August, where reaffirmed subscription ARR growth above 30% could validate Dan Ives' budget-doubling thesis and reverse the recent dip from 514 to 478. The key risk is PANW's platform bundling gaining traction in Q3 enterprise RFPs, squeezing CRWD's endpoint pricing power. P/S at 25.9x means the market demands 25%+ revenue CAGR to justify the premium, sustainable with 74% gross margins if op-ex disciplines kick in.
C Claude 3M Target $445.00 6M Target $520.00 Reasoning CrowdStrike's moat survives platform consolidation risk if management proves Falcon can anchor unified stacks rather than lose share to bundles. The concrete catalyst is 2026Q2 earnings in late July — if free cash flow turns positive and gross margin holds above 73%, the market reprices the buyback as value creation, not desperation. The killer risk is enterprise procurement consolidating around PANW or Microsoft, which would crater TAM assumptions overnight. Right now at 25.9x sales on negative earnings, CRWD is priced for flawless execution; one guidance miss and institutional sellers like Gemini flagged will accelerate. I'm holding my thesis that the margin floor is real and buybacks work if profitability inflects, but I need Q2 proof or I'm cutting exposure.
G Gemini 3M Target $450.00 6M Target $485.00 Reasoning I believe CrowdStrike will trade in a consolidation range as institutional selling pressure from the summer rotation subsides and the market refocuses on their AI-driven platform stickiness. My 6-month target relies on the upcoming Q3 earnings print showing a meaningful narrowing of net losses, which would validate their margin expansion strategy. Conversely, a failure to defend against platform bundling from competitors like Microsoft would break my thesis. Investors are currently paying 25.89 times sales for this stock. That multiple means the market is betting heavily on future profitability, so any deviation from their current growth trajectory will likely trigger an immediate and sharp correction in the share price.
C Chatgpt 3M Target $455.00 6M Target $490.00 Reasoning I think CRWD should trend higher on buybacks and AI-security demand, even with current losses. Catalyst: Q2 2026 earnings and buyback expansion could push toward 455 in the near term and 490 in six months. Risk: a failure to improve profitability or rising operating costs could break the thesis. P/S is about 25.9x. That implies investors are paying heavily for growth with little current profit, so a margin or growth surprise could re-rate the multiple.

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Institutional owners (13F) 2,676 filers · $99.8B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
506 (+254 vs prior Q) 112 (-134 vs prior Q) 868 (-128 vs prior Q) 861 (+175 vs prior Q) +2.4M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD CAPITAL MANAGEMENT LLC $12,367,253,003 16,205,746 12.39% Shares
VANGUARD GROUP INC $10,181,362,667 21,719,777 10.20% Shares
STATE STREET CORP $8,840,099,289 11,583,850 8.86% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $4,545,927,298 5,956,872 4.56% Shares
FMR LLC $4,459,271,119 5,843,320 4.47% Shares
GEODE CAPITAL MANAGEMENT, LLC $4,004,331,263 5,273,833 4.01% Shares
NORGES BANK $2,800,541,410 3,669,761 2.81% Shares
JENNISON ASSOCIATES LLC $2,784,377,914 3,648,581 2.79% Shares
PeakShares LLC $2,315,367,000 3,034 2.32% Shares
JANE STREET GROUP, LLC $1,659,295,302 2,174,300 1.66% Call option
JANE STREET GROUP, LLC $1,620,833,046 2,123,900 1.62% Put option
MORGAN STANLEY $1,498,819,696 1,964,016 1.50% Shares
FIRST TRUST ADVISORS LP $1,450,335,401 1,900,484 1.45% Shares
VANGUARD FIDUCIARY TRUST CO $1,107,973,204 1,451,861 1.11% Shares
Capital Research Global Investors $825,508,109 1,081,875 0.83% Shares
UBS Group AG $675,587,237 885,273 0.68% Shares
Pictet Asset Management Holding SA $657,544,725 862,074 0.66% Shares
Clearbridge Investments, LLC $620,208,785 812,706 0.62% Shares
GOLDMAN SACHS GROUP INC $594,686,782 779,263 0.60% Shares
AMERIPRISE FINANCIAL INC $579,091,729 761,641 0.58% Shares
RENAISSANCE TECHNOLOGIES LLC $571,561,334 748,960 0.57% Shares
LPL Financial LLC $564,634,287 739,882 0.57% Shares
Employees Provident Fund Board $562,996,614 737,737 0.56% Shares
Sumitomo Mitsui Trust Group, Inc. $544,556,099 713,573 0.55% Shares
Swiss National Bank $531,374,382 696,300 0.53% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $488,591,990 640,239 0.49% Shares
BANK OF AMERICA CORP /DE/ $483,344,639 633,363 0.48% Shares
Mariner, LLC $476,166,496 624,141 0.48% Shares
WOLVERINE TRADING, LLC $453,525,825 928,500 0.45% Call option
NEUBERGER BERMAN GROUP LLC $426,953,817 559,470 0.43% Shares
BARCLAYS PLC $420,785,475 551,387 0.42% Shares
BlackRock, Inc. $418,782,996 548,763 0.42% Shares
Vanguard Global Advisers, LLC $418,747,128 548,716 0.42% Shares
Polar Capital Holdings Plc $410,904,338 538,439 0.41% Shares
National Pension Service $396,245,182 519,230 0.40% Shares
Walleye Trading LLC $393,744,343 637,600 0.39% Call option
Legal & General Group Plc $374,208,749 490,354 0.37% Shares
VANGUARD ASSET MANAGEMENT, Ltd $371,719,389 487,092 0.37% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $367,929,636 482,126 0.37% Shares
NORDEA INVESTMENT MANAGEMENT AB $340,855,934 451,172 0.34% Shares
Walleye Trading LLC $327,292,245 453,600 0.33% Put option
RHUMBLINE ADVISERS $326,236,104 427,492 0.33% Shares
California Public Employees Retirement System $319,616,005 418,817 0.32% Shares
AMERICAN CENTURY COMPANIES INC $317,795,916 416,432 0.32% Shares
BNP PARIBAS FINANCIAL MARKETS $313,889,403 411,313 0.31% Shares
ENVESTNET ASSET MANAGEMENT INC $304,605,316 399,172 0.31% Shares
WOLVERINE TRADING, LLC $292,923,465 599,700 0.29% Put option
RAYMOND JAMES FINANCIAL INC $244,739,252 320,700 0.25% Shares
MILLENNIUM MANAGEMENT LLC $237,718,110 311,500 0.24% Put option
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $236,881,709 310,404 0.24% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $235,047,120 308,000 0.24% Call option
DIMENSIONAL FUND ADVISORS LP $222,420,146 291,454 0.22% Shares
UBS Group AG $221,615,856 290,400 0.22% Put option
ProShare Advisors LLC $217,995,520 285,656 0.22% Shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC $214,754,464 281,409 0.22% Shares
Eurizon Capital SGR S.p.A. $213,134,559 280,680 0.21% Shares
STOREBRAND ASSET MANAGEMENT AS $209,893,262 275,039 0.21% Shares
VICTORY CAPITAL MANAGEMENT INC $208,259,380 272,898 0.21% Shares
BLAIR WILLIAM & CO/IL $207,359,561 271,719 0.21% Shares
PEAK6 LLC $200,018,994 262,100 0.20% Put option
UBS Group AG $197,151,114 258,342 0.20% Call option
D. E. Shaw & Co., Inc. $196,661,178 257,700 0.20% Put option
NEW YORK STATE COMMON RETIREMENT FUND $194,771,643 255,224 0.20% Shares
PEAK6 LLC $193,837,560 254,000 0.19% Call option
HSBC HOLDINGS PLC $188,710,270 247,100 0.19% Put option
MILLENNIUM MANAGEMENT LLC $185,061,450 242,500 0.19% Call option
ALLIANCEBERNSTEIN L.P. $182,839,934 468,328 0.18% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $182,024,916 238,521 0.18% Shares
CITADEL ADVISORS LLC $181,347,248 237,633 0.18% Shares
ROYAL BANK OF CANADA $179,236,000 234,867 0.18% Shares
Robeco Institutional Asset Management B.V. $177,337,708 232,379 0.18% Shares
Cetera Investment Advisers $173,599,739 227,481 0.17% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $171,248,616 224,400 0.17% Shares
Qube Research & Technologies Ltd $165,650,984 217,065 0.17% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $163,246,330 213,914 0.16% Shares
AVIVA PLC $163,021,204 213,619 0.16% Shares
AQR CAPITAL MANAGEMENT LLC $161,993,116 213,607 0.16% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $161,156,088 211,934 0.16% Shares
Artisan Partners Limited Partnership $158,031,031 207,080 0.16% Shares
Ensign Peak Advisors, Inc $154,148,175 201,992 0.15% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $147,035,043 376,617 0.15% Shares
NEOS Investment Management LLC $146,457,250 191,914 0.15% Shares
HighTower Advisors, LLC $144,834,398 189,787 0.15% Shares
APG Asset Management N.V. $134,787,358 201,932 0.14% Shares
Rathbones Group PLC $132,576,496 173,725 0.13% Shares
Korea Investment CORP $132,207,137 173,241 0.13% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $124,525,032 163,181 0.12% Shares
TRUIST FINANCIAL CORP $124,168,089 162,707 0.12% Shares
PRUDENTIAL FINANCIAL INC $122,789,989 160,901 0.12% Shares
PICTON MAHONEY ASSET MANAGEMENT $122,102,400 160,000 0.12% Call option
OSAIC HOLDINGS, INC. $116,436,062 152,566 0.12% Shares
CANADA PENSION PLAN INVESTMENT BOARD $115,334,874 151,132 0.12% Shares
FIFTH THIRD BANCORP $115,000,936 150,694 0.12% Shares
D. E. Shaw & Co., Inc. $113,326,290 148,500 0.11% Call option
SUSQUEHANNA INTERNATIONAL GROUP, LLP $113,249,976 148,400 0.11% Put option
JONES FINANCIAL COMPANIES LLLP $112,013,655 159,771 0.11% Shares
CAPTRUST FINANCIAL ADVISORS $110,435,039 144,712 0.11% Shares
Amova Asset Management Americas, Inc. $110,275,314 144,667 0.11% Shares
COMMONWEALTH EQUITY SERVICES, LLC $109,696,637 143,744 0.11% Shares
STRS OHIO $109,299,963 143,224 0.11% Shares

Company insiders 19 insiders · 8 officers · 9 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
George Kurtz PRESIDENT AND CEO Aug. 20, 2026 S 7,916,019 0 753 $-120,120,207
Burt W. Podbere CHIEF FINANCIAL OFFICER Aug. 3, 2026 S 696,818 0 17 $-7,293,025
Michael Sentonas PRESIDENT June 22, 2026 S 381,101 0 1 $-8,366,250
Colin Black CHIEF OPERATING OFFICER Oct. 4, 2021 C 175,210 0 0 $0
Anurag Saha CHIEF ACCOUNTING OFFICER June 24, 2026 S 53,223 0 2 $-2,197,338
Shawn Henry CHIEF SECURITY OFFICER March 24, 2025 S 82,071 0 0 $0
Michael J. Carpenter PRES., GLBAL SALES & FLD OPS Nov. 26, 2021 C 160,819 0 0 $0
Abhishek Maheshwari CHIEF ACCOUNTING OFFICER Sept. 21, 2021 S 78,024 0 0 $0
Denis Oleary Director July 13, 2026 S 35,000 0 20 $-19,916,158
Johanna Flower Director June 18, 2026 A 76,532 0 0 $0
Gerhard Watzinger Director June 18, 2026 A 8,529 0 2 $-6,963,100
Laura J Schumacher Director June 18, 2026 A 9,664 0 0 $0
Cary Davis Director June 18, 2026 A 22,084 0 0 $0
Roxanne S Austin Director June 17, 2026 A 19,260 0 0 $0
Joseph E. Sexton Director July 15, 2021 S 795 0 0 $0
Joseph P. Landy Director June 23, 2020 G 276,707 0 0 $0
Charles R Kaye 10% owner Jan. 2, 2020 S 0 0 0 $0
Sameer K Gandhi — Aug. 4, 2026 S 2,874,937 0 155 $-48,941,829
Godfrey Sullivan — March 13, 2026 G 85,641 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 242 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
AIPI · ETF Opportunities Trust 12.93% 77,124 NS May 31, 2026 N-PORT
CIBR · First Trust Exchange-Traded Fund II 8.29% 1,503,766 NS June 30, 2026 N-PORT
BUG · Global X Funds 7.31% 117,400 NS May 31, 2026 N-PORT
AGIQ · Tidal Trust I 6.93% 1,075 NS May 31, 2026 N-PORT
IGV · iShares Trust 6.56% 4,846,991 SH Aug. 21, 2026 Daily
PSWD · DBX ETF Trust 6.18% 750 NS May 29, 2026 N-PORT
EQRR · ProShares Trust 4.30% 3,643 NS May 31, 2026 N-PORT
IHAK · iShares Trust 4.16% 227,458 SH Aug. 21, 2026 Daily
FTCE · First Trust Exchange-Traded Fund VI 4.13% 4,398 NS June 30, 2026 N-PORT
HECO · SSGA Active Trust 3.69% 6,758 NS April 30, 2026 N-PORT
TEKX · SSGA Active Trust 3.60% 491 NS April 30, 2026 N-PORT
DECO · SSGA Active Trust 3.52% 1,246 NS April 30, 2026 N-PORT
TEXN · iShares Trust 3.20% 2,907 SH Aug. 21, 2026 Daily
TECB · iShares Trust 3.02% 77,870 SH Aug. 21, 2026 Daily
OGIG · ALPS ETF Trust 2.95% 4,642 NS May 31, 2026 N-PORT
IVES · Wedbush Series Trust 2.67% 59,782 NS April 30, 2026 N-PORT
PJFG · PGIM ETF Trust 2.63% 5,588 NS May 29, 2026 N-PORT
TEKY · Lazard Active ETF Trust 2.51% 2,010 NS June 30, 2026 N-PORT
TRFK · Pacer Funds Trust 2.45% 33,780 NS April 30, 2026 N-PORT
RPG · Invesco Exchange-Traded Fund Trust 2.42% 248,650 SH Aug. 21, 2026 Daily
GK · AdvisorShares Trust 2.34% 978 NS June 30, 2026 N-PORT
WBIL · Absolute Shares Trust 2.33% 929 NS June 30, 2026 N-PORT
QTEC · First Trust Exchange-Traded Fund 2.19% 143,048 NS June 30, 2026 N-PORT
KNCT · Invesco Exchange-Traded Fund Trust 2.07% 17,376 SH Aug. 21, 2026 Daily
ABOT · Abacus FCF ETF Trust 2.05% 203 NS April 30, 2026 N-PORT
TMFE · RBB Fund, Inc. 1.96% 2,282 NS May 31, 2026 N-PORT
NBGX · Neuberger Berman ETF Trust 1.92% 393 NS May 31, 2026 N-PORT
XT · iShares Trust 1.91% 395,567 SH Aug. 21, 2026 Daily
GRW · TCW ETF Trust 1.91% 3,080 NS April 30, 2026 N-PORT
PJBF · PGIM ETF Trust 1.82% 291 NS May 29, 2026 N-PORT
THNQ · EXCHANGE TRADED CONCEPTS TRUST 1.80% 13,021 NS April 30, 2026 N-PORT
ARKW · ARK ETF Trust 1.80% 67,222 NS April 30, 2026 N-PORT
BRIF · FIS Trust 1.71% 3,448 NS May 31, 2026 N-PORT
FAI · First Trust Exchange-Traded Fund II 1.66% 2,118 NS June 30, 2026 N-PORT
DTEC · ALPS ETF Trust 1.65% 1,679 NS May 31, 2026 N-PORT
XAIX · DBX ETF Trust 1.61% 3,427 NS May 31, 2026 N-PORT
WINN · Harbor ETF Trust 1.56% 38,257 NS April 30, 2026 N-PORT
RSPT · Invesco Exchange-Traded Fund Trust 1.54% 469,034 SH Aug. 21, 2026 Daily
QQQG · Pacer Funds Trust 1.44% 364 NS April 30, 2026 N-PORT
SEMI · Columbia ETF Trust I 1.38% 1,312 NS April 30, 2026 N-PORT
ARKF · ARK ETF Trust 1.30% 24,205 NS April 30, 2026 N-PORT
TEC · Harbor ETF Trust 1.30% 197 NS April 30, 2026 N-PORT
IETC · iShares U.S. ETF Trust 1.25% 45,591 SH Aug. 21, 2026 Daily
FDTX · Fidelity Covington Trust 1.24% 4,364 NS May 31, 2026 N-PORT
WBIG · Absolute Shares Trust 1.23% 443 NS June 30, 2026 N-PORT
RILA · Spinnaker ETF Series 1.20% 1,125 NS April 30, 2026 N-PORT
QTOP · iShares Trust 1.16% 16,996 SH Aug. 21, 2026 Daily
WBIF · Absolute Shares Trust 1.12% 345 NS June 30, 2026 N-PORT
XOEF · iShares Trust 1.06% 1,280 SH Aug. 21, 2026 Daily
GTEK · Goldman Sachs ETF Trust 1.03% 3,426 NS May 31, 2026 N-PORT