CrowdStrike is a global cybersecurity leader that provides cloud-delivered protection of endpoints, cloud workloads, identity, and data via a SaaS subscription-based model. The company's AI-native Falcon platform is designed to stop breaches by harnessing vast amounts of security and enterprise data. CrowdStrike's approach has defined a new category called the Security Cloud, which uses cloud-scale AI to enrich and correlate trillions of cybersecurity events per week. The company's single, lightweight agent collects and integrates data from across the enterprise, enabling real-time threat detection and prevention. CrowdStrike's key markets include corporate endpoint and cloud workload security, managed security services, next-generation SIEM, and identity protection. The company operates globally, with a significant presence in the United States, as well as locations internationally, including in Australia, Germany, India, Israel, Romania, and the United Kingdom.

• Employees: 7,925 (as of January 31, 2024)
• Geographic Footprint: United States, Australia, Germany, India, Israel, Romania, and the United Kingdom
• Headquarters: Austin, Texas
• Founded: 2011
• Number of locations/facilities: Multiple data center co-location facilities throughout the United States and Europe, and utilizes third-party data centers in the United States and Europe.
• Revenue: $3.1 billion (FY2024)
• Market Capitalization: $38.6 billion (as of July 31, 2023)
• Key Subsidiaries/Brands: CrowdStrike, Inc. and Bionic

• CEO: George Kurtz
• CFO: Burt W. Podbere
• Chief Security Officer: Shawn Henry
• President: Michael Sentonas
• Board Chair: Gerhard Watzinger

George Kurtz is one of the co-founders and has served as President and CEO since November 2011. Burt W. Podbere has served as CFO since September 2015. Shawn Henry has served as Chief Security Officer since March 2012. Michael Sentonas has served as President since March 2023. Gerhard Watzinger has served as Chairman of the Board since November 2017.

• Annual Revenue: $3.1 billion (FY2024)
• Net Income: $89.3 million (FY2024)
• Market Cap: $38.6 billion (as of July 31, 2023)
• Total Assets: $6.6 billion (as of January 31, 2024)
• Employees: 7,925 (as of January 31, 2024)
• Key Financial Highlights: Subscription revenue grew to $2.9 billion, a 36% increase, and ARR grew to $3.4 billion, a 34% increase (FY2024).

CrowdStrike offers a variety of cloud modules on its Falcon platform:

• Cloud Security: Cloud Workload Protection, Cloud Security Posture Management, and Application Security Posture Management
• Endpoint Security and XDR: Next-Generation Antivirus, Endpoint Detection and Response, Endpoint Detection and Response for IoT, Device Control, Host Firewall Management, and Data Loss Prevention
• Exposure Management: Exposure Management, IT Hygiene and IoT, Vulnerability Management, External Attack Surface Management, Forensic Data Analysis, and File Integrity Monitoring
• Managed Services: Turnkey Security Solution
• Counter Adversary Operations: Threat Hunting
• Threat Intelligence: Threat Intelligence, Malware Search, Malware Analysis, and Situational Awareness
• Identity Protection: Identity Threat Detection and Response
• Next-Generation SIEM and Log Management: Security Information & Event Management, Log Management
• IT Automation: IT Automation
• Generative AI: Conversational AI assistant for security operations
• Application Development: No-code application development platform

The company primarily operates in one segment, which is the sale of subscriptions to its Falcon platform and cloud modules, as well as professional services. Subscription revenue accounted for 94% of total revenue in fiscal 2024 and 2023, while professional services revenue accounted for 6% of total revenue in both fiscal years.

CrowdStrike's strategic priorities include:

• Growing its customer base by replacing legacy and other endpoint security products
• Further penetrating existing customers by deploying on additional endpoints and cross-selling more cloud modules
• Leveraging the Falcon platform to enter new markets
• Broadening reach into new customer segments
• Broadening reach into U.S. Public Sector Verticals
• Expanding international footprint
• Extending the Falcon platform and ecosystem

The company's growth strategy is based on a low-friction land-and-expand sales model, leveraging its single data model and open cloud architecture. CrowdStrike is also focused on continuous innovation and rapidly deploying new cloud modules on its platform.

CrowdStrike operates in the cybersecurity industry, which is characterized by increasing sophistication of threats, a growing cyber skills gap, and the need to reduce complexity and simplify security operations. The company competes with legacy antivirus product providers, alternative endpoint security providers, network security vendors, and cloud security vendors. CrowdStrike believes its cloud-native, single-agent platform differentiates it from competitors. The company's market position is driven by its cloud-scale AI, which is enabled by vast amounts of high-fidelity data crowdsourced from its customer base.

• Market Risks: Intense competition, potential loss of market share to competitors, and failure to attract new customers.
• Operational Risks: Failure to manage rapid growth, inability to enhance existing products and services, and failure to maintain customer satisfaction.
• Financial Risks: Inability to achieve or sustain profitability, fluctuations in operating results, and inability to generate sufficient cash to service debt.
• Regulatory Risks: Failure to comply with data protection, security, privacy, and other government and industry-specific laws and regulations.
• Cybersecurity Risks: Being a target of cyberattacks, which could damage reputation and negatively affect results of operations.