| Revision of Prior Period Financial Statements |
Revision of Prior Period Financial Statements As discussed in Note 1, during the fourth quarter of the fiscal year ended January 31, 2026, the Company identified an immaterial error related to the timing of recognition of stock-based compensation expense in prior periods associated with certain awards granted in the fiscal years ended January 31, 2022 and 2023. To correct the immaterial error, the Company revised its previously issued unaudited Condensed Consolidated Financial Statements as of and for the three and six months ended July 31, 2025. The following tables reflect the impacts of the revision to the previously filed financial statements for the three and six months ended July 31, 2025 (in thousands, except per share data): Consolidated Statements of Stockholders’ Equity | | | | | | | | | | | | | | | | | | | As of July 31, 2025 | | As previously reported, adjusted for the Stock Split | | Adjustments | | As revised | | Additional paid-in capital | $ | 5,016,167 | | | $ | 28,968 | | | $ | 5,045,135 | | | Accumulated deficit | $ | (1,265,989) | | | $ | (28,968) | | | $ | (1,294,957) | |
Consolidated Statements of Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
July 31, 2025 | | Six Months Ended July 31, 2025 | | As previously reported | | Adjustments | | As revised | | As previously reported | | Adjustments | | As revised | | Subscription cost of revenue | $ | 253,640 | | | $ | (1,189) | | | $ | 252,451 | | | $ | 496,014 | | | $ | (2,203) | | | $ | 493,811 | | | Professional services cost of services | 56,643 | | | (543) | | | 56,100 | | | 103,412 | | | (797) | | | 102,615 | | | Total cost of revenue | 310,283 | | | (1,732) | | | 308,551 | | | 599,426 | | | (3,000) | | | 596,426 | | | Gross profit | 858,669 | | | 1,732 | | | 860,401 | | | 1,672,960 | | | 3,000 | | | 1,675,960 | | | Sales and marketing | 447,024 | | | (444) | | | 446,580 | | | 886,641 | | | (850) | | | 885,791 | | | Research and development | 346,668 | | | (4,135) | | | 342,533 | | | 680,797 | | | (7,338) | | | 673,459 | | | General and administrative | 177,956 | | | (1,211) | | | 176,745 | | | 343,157 | | | (2,277) | | | 340,880 | | | Total operating expenses | 971,648 | | | (5,790) | | | 965,858 | | | 1,910,595 | | | (10,465) | | | 1,900,130 | | | Loss from operations | (112,979) | | | 7,522 | | | (105,457) | | | (237,635) | | | 13,465 | | | (224,170) | | | Loss before provision for income taxes | (71,674) | | | 7,522 | | | (64,152) | | | (161,561) | | | 13,465 | | | (148,096) | | | Net loss | (77,645) | | | 7,522 | | | (70,123) | | | (188,638) | | | 13,465 | | | (175,173) | | | Net loss attributable to CrowdStrike | $ | (77,675) | | | $ | 7,522 | | | $ | (70,153) | | | $ | (187,882) | | | $ | 13,465 | | | $ | (174,417) | | | Net loss per share attributable to CrowdStrike common stockholders, adjusted for the Stock Split: | | | | | | | | | | | | | Basic | $ | (0.08) | | | $ | 0.01 | | | $ | (0.07) | | | $ | (0.19) | | | $ | 0.02 | | | $ | (0.17) | | | Diluted | $ | (0.08) | | | $ | 0.01 | | | $ | (0.07) | | | $ | (0.19) | | | $ | 0.02 | | | $ | (0.17) | |
There was no impact to the consolidated statements of cash flows from operating activities, investing activities, or financing activities for any period. The impact to the consolidated statements of comprehensive income (loss) is limited to the impact to net loss as detailed above.
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