CrowdStrike Holdings, Inc. Quarterly Filing Shows Loss-to-Profit Swing in Net Income and Diluted EPS, with Operating Loss Narrowing Year-Over-Year

Bottom line

- CrowdStrike Holdings, Inc. (CRWD) filed a 10-Q covering the three-month period ending the three months ended April 30, 2026, identified by accession 0001535527-26-000025 and CIK 0001535527, with the prior-year comparative window ending the three months ended April 30, 2025. 11 per diluted share USD/SHARES, an authorized loss-to-profit transition and an authorized increase in direction.

- Net income attributable to parent showed the same directional shape: the prior-year window reported a net loss of -$104,264,000 USD while the current quarter reported net income of $27,774,000 USD, an authorized loss-to-profit transition and an authorized increase in direction. - Operating income remained a loss on both windows, but the loss narrowed: the prior-year window recorded an operating loss of -$118,713,000 USD and the current quarter recorded an operating loss of -$30,600,000 USD, an authorized loss-to-loss transition with an authorized increase in direction.

- The filing evidence does not attribute this change to any single cause. - Reporting scope is limited to the three-month interim filing of 10-Q for period-ended-2026-04-30; the filing evidence does not contain a year-to-date window, a segment breakdown, or a balance-sheet snapshot for this section. - The cited note titled "Revision of Prior Period Financial Statements" under Note 16 sits within the catalog of references and could affect comparability of the prior-year figures, but its quantitative effect is not reproduced here.

- Other reference anchors available to later sections include Item 1 through Item 5 and Item 6, covering risk factors, controls and procedures, quantitative and qualitative market risk disclosures, other information, and exhibits, alongside the stockholders' equity note Note 10 and the financial-statements reference Item 8. - Management framing in the source narrative centers on forward-looking statements, a referenced July incident affecting customer and partner relationships, and a Strategic Plan whose expected impacts are flagged but not quantified inside the filing evidence for this section.

- The filing evidence contains no peer or industry comparison. - Source scope is the cited filing only; no peer or industry benchmark, no analyst consensus, and no management transcript is included in the filing evidence, so cross-company comparisons such as the parallel year-over-year pattern shown in Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing cannot be supported from this section's evidence and are intentionally omitted rather than paraphrased.

Financial performance

- Reported income statement for the three-month reporting period filed by CrowdStrike Holdings, Inc. under 10-Q for period-ended-2026-04-30 shows an Operating loss, compared with an Operating loss in the prior-year three-month period, with the size of the loss smaller in the current period than in the prior-year period. - Bottom-line direction is the more striking change.

Earnings Per Share, Diluted moved from a loss per share in the prior-year three-month period to a profit per share in the current three-month period, and Net Income (Loss) Attributable to Parent moved on the same basis from a loss to a profit, so the company-wide bottom line crossed from negative to positive between the two windows. - The pattern of an improving operating line together with a loss-to-profit bottom-line transition is consistent with non-operating items lifting results, but the filing excerpt reproduced here does not break out which component shifted, and the directional move on its own does not establish a cause.

The filing evidence does not attribute this change to any single cause. - Accounting context relevant to this comparison is limited in the narrative above. The cited note addressing "Revision of Prior Period Financial Statements" and recently adopted accounting pronouncements is the only accounting-policy reference that touches prior-period results, which is relevant because a restated comparative is what makes the year-over-year change in operating loss meaningful, but the excerpt does not show the line of the revision.

No other accounting policy text is reproduced here. - Quarterly sequential context (quarter-to-quarter) is not directly disclosed by the numbers available for this section: only the current three-month figure and the prior-year three-month figure are surfaced, with no immediately preceding quarter provided in the catalog, so a sequential read cannot be grounded. - Forward guidance: management's discussion reproduced here is framed entirely around risk factors, including the recurring language that the July incident has had, and is expected to continue to have, an adverse effect on business, sales, customer and partner relations, reputation, results of operations and financial condition.

That language signals continued pressure on the operating line but is not a quantified outlook. No revenue, margin, earnings, or cash-flow guidance number is included in the reproduced text, so a quantified expectation for the next quarter or full year cannot be drawn from this filing's narrative. - Comparison baselines outside the filing are not available here.

The filing evidence does not include any peer or industry benchmark for the period, so any cross-company read on whether the loss-to-profit bottom-line shift is stronger or weaker than competitors cannot be grounded. The filing evidence contains no peer or industry comparison. - Segment detail is similarly not surfaced for the income-statement lines covered in this section, so a read on how endpoint, cloud, identity, or other platform categories contributed to the operating loss reduction or the bottom-line swing is not supportable from the reproduced text.

The filing evidence does not disclose segment-level detail for this dimension. - Readers comparing this quarter's loss-to-profit swing to other recent cybersecurity filings can place it alongside, for example, Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing, which shows a profit-to-profit pattern rather than a loss-to-profit one, and against the broader interim-filing set indexed in the finance insights category when building a cross-company baseline.

Operating drivers and segments

- The catalog for this section is narrow: only the operating-income line is admissible, and it does not break out by reportable segment. Readers looking for revenue mix, regional split, or product-line gross margin will not find those in the keys available here. - The income statement shows -$30,600,000 USD for the three months ended April 30, 2026 against the prior-year comparative of -$118,713,000 USD for the three months ended April 30, 2025. Both periods are reported as losses, so the headline metric is negative on both windows. - Compared with the prior-year quarter, the authorized direction is increase, but with no improvement in sign — i.e., the loss narrowed in size in a year-over-year loss-to-loss transition, while the company still sits on the negative side of operating profitability.

- The forward-looking-statements block frames management's own view of operating drivers: revenue and gross-margin trajectory, the operating-expense categories (sales and marketing, research and development, general and administrative), market acceptance of the cloud platform, customer-base expansion, and the expected path to future profitability. The Company also flags the July (omitted) Incident and the Strategic Plan as factors it expects to affect results, alongside macroeconomic factors such as inflation and global credit and financial-market conditions. - Management does not assign a single quantitative cause to the period's operating loss in the quoted material; it lists multiple qualitative levers and forward-looking goals. The section also reminds readers that words such as "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "plan," and "expect" identify forward-looking statements that involve known and unknown risks. - The "Recently Adopted Accounting Pronouncements" paragraph describes a standard the Company can apply prospectively using a modified transition method based on project status and whether software costs were capitalized prior to adoption, or retrospectively, effective for annual periods beginning after December (omitted) and interim periods within those annual reporting periods. Management also notes a November (omitted) FASB ASU on expense-disaggregation disclosures, with a subsequent clarification of its effective date, that will require additional disclosure on specific expense categories included in the expense captions presented on the statements of operations. - The "Revision of Prior Period Financial Statements" note (Note 16) is referenced, signaling that prior-period amounts were revised and that comparability between the two windows is shaped by that revision rather than by underlying operations alone.

- Independent analysis is constrained by what the catalog exposes: there are no segment figures, no margin series, no expense-line breakdown, and no peer comparison, so any driver story would be invented rather than read off the filing. The filing evidence does not attribute this change to any single cause. - Outside analysts reading the same window can note the authorized, authorized loss-to-loss transition between the two operating-income prints, but they cannot convert that into a "what drove it" verdict from this evidence alone. No gross-margin, cost-of-revenue, or operating-expense value is exposed to this section, so a margin-pressure or opex-leverage narrative would be unsourced here. The filing evidence contains no peer or industry comparison. - The financial-statements scaffolding is in place for deeper work — Item 8 covers the annual financial statements, Item 4 covers controls and procedures, Item 6 covers exhibits and signatures, and Note 10 covers stockholders' equity and preferred-stock terms — but none of those levels is the source for this section's quantitative keys. - Readers who want a cross-issuer operating-income comparison in a similar interim-filing setting can contrast this loss-to-loss pattern with the profit-side framing used in Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in the reporting period Filing, while noting that CrowdStrike Holdings, Inc.'s operating line is still negative on both windows here.

Cash flow and capital

Reported facts - Operating activities continued to generate cash for CrowdStrike Holdings, Inc. during the three months ended April 30, 2026, with the period reading $590,937,000 USD versus the prior-year comparative of $384,107,000 USD — both periods positive. - Investing activities absorbed cash in the three months ended April 30, 2026 at -$994,053,000 USD, against -$101,830,000 USD in the prior-year window — both periods negative. - Financing activities shifted from an inflow to an outflow: $2,134,000 USD in the three months ended April 30, 2025 versus -$195,891,000 USD in the three months ended April 30, 2026. - Capital spending through Payments to Acquire Property, Plant, and Equipment was $97,624,000 USD in the three months ended April 30, 2026, compared with $85,751,000 USD in the prior-year period — both positive. - Share repurchases under Payments for Repurchase of Common Stock were $175,622,000 USD in the three months ended April 30, 2026, versus $0 USD in the three months ended April 30, 2025 — a move from zero activity to recorded buyback spend. - On the the balance sheet date of April 30, 2026 balance sheet, Cash and Cash Equivalents stood at $4,552,801,000 USD, Accounts Receivable (after Allowance for Credit Loss) at $933,887,000 USD, Accounts Payable at $54,221,000 USD, and Long-term Debt, Excluding Current Maturities at $745,843,000 USD.

Management explanations - The filing, presented as 10-Q for period-ended-2026-04-30 (accession 0001535527-26-000025, CIK 0001535527, ticker CRWD), frames the unaudited condensed consolidated statements as prepared in conformity with U.S. GAAP, with prior-year figures sourced from the audited statements referenced in Item 8 and revised where required by the revision note captured in Note 16. - The basis-of-presentation paragraph reiterates that interim results for the three-month window are not necessarily indicative of full-year performance, that certain footnotes have been condensed or omitted, and that these statements should be read alongside the annual filing.

Analyst inference - Operating cash generation rose year over year, while investing outflows widened, consistent with heavier capital deployment alongside stronger core collection. - Financing flipped to a use of cash, with both share repurchases and property, plant, and equipment spending higher than in the three months ended April 30, 2025, indicating an active capital-return stance layered on top of continued investment. - The balance sheet shows cash and receivables held alongside a long-term debt balance, leaving the company funded for buybacks and capex without the filing flagging any liquidity strain.

Counter-evidence - The filing does not break out segment-level cash generation or working-capital movement by geography, limiting any read on regional concentration of collections.

Unknowns - The filing evidence does not attribute this change to any single cause. - The filing evidence contains no peer or industry comparison.

Peer and historical context

CrowdStrike's three-month results in this filing can only be read against its own prior-year window, since the catalog contains no peer- or industry-level benchmarks. Looking backward, Net Income (Loss) Attributable to Parent moved from a loss in the three months ended April 30, 2025 to a profit in the three months ended April 30, 2026, and Operating Income (Loss) remained a loss on both sides of the comparison, with a narrower loss in the current window. Net Cash Provided by (Used in) Operating Activities was positive in both periods and expanded year over year in the three months ended April 30, 2026. The comparison is therefore one-sided: trajectory is visible only against the company's own prior-year quarter, not against any named competitor or sector aggregate. Readers looking for adjacent cross-issuer color in a recent interim filing can refer to Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing, although the metrics and magnitudes are not directly comparable to this draft.

Reported facts

- Net Income (Loss) Attributable to Parent was -$104,264,000 USD in the three months ended April 30, 2025 and $27,774,000 USD in the three months ended April 30, 2026. - Operating Income (Loss) was -$118,713,000 USD in the three months ended April 30, 2025 and -$30,600,000 USD in the three months ended April 30, 2026. - Net Cash Provided by (Used in) Operating Activities was $384,107,000 USD in the three months ended April 30, 2025 and $590,937,000 USD in the three months ended April 30, 2026.

Management explanation and analyst inference

The filing's Basis of Presentation reminds readers that interim results "are not necessarily indicative of the results to be expected" for the full fiscal year or any other interim period, and that figures should be read alongside Item 8 in the prior annual report. Management also flags Note 16, "Revision of Prior Period Financial Statements," which addresses an immaterial stock-based compensation timing error tied to certain prior fiscal-year awards. That revision provides the framing for why the prior-year comparatives used here are restated rather than as originally published.

On a historical-comparison basis, three observations stand out. First, the bottom line shifted from a loss to a profit year over year, while the operating line stayed in loss territory but improved. Second, operating cash flow continued to be positive and expanded, leaving the cash-generation profile further ahead of the reported bottom line. Third, no peer-company figures appear in the catalog, so any cross-issuer commentary here would be inferred rather than measured.

Counter-evidence and unknowns

The filing evidence does not attribute this change to any single cause.. The filing evidence contains no peer or industry comparison.. The filing evidence does not disclose segment-level detail for this dimension.. The filing evidence does not disclose segment-level detail for this dimension, and no peer or industry comparison is included in the cited material.

Scenario analysis

The base case anchors on the reported swing from a net loss in the prior-year quarter to a net profit in the current quarter, with -$104,264,000 showing a loss attributable to parent and $27,774,000 now showing a profit. Reading this against the authorized loss-to-profit transition for Net Income (Loss) Attributable to Parent, the central tendency is a continuation of current-period profitability, supported by positive operating cash flow and continued share repurchases observed in the filing. Management commentary in the notes frames subscription and professional services revenue as the underlying activity, while flagging that estimates in areas such as revenue recognition, allowance for credit losses, useful lives of long-lived assets, fair values of strategic investments, period of benefit for deferred contract acquisition costs, lease discount rates, contingent liabilities, income taxes, stock-based compensation, and purchase-price allocation are based on information available at the statement date and could differ materially from actual results.

The upside case hinges on the reported earnings transition holding while cash deployment expands. Authorized comparisons point to higher Net Cash Provided by (Used in) Operating Activities, lower outflows for Investing Activities relative to the prior period, and the introduction of Payments for Repurchase of Common Stock where none was recorded in the prior-year quarter. Sustained profitability layered onto continued buybacks and disciplined capital spending would lift per-share metrics; the diluted earnings-per-share comparison is authorized as an increase from a loss to a profit, reinforcing that direction. The filing evidence does not attribute this change to any single cause. Continued adoption of ASU on credit-loss measurement for accounts receivable and contract assets, which the Company adopted in the current quarter without a material impact, removes one accounting-policy uncertainty, while the prospective internal-use software standard remains under evaluation and is not yet a swing factor.

The downside case assumes the earnings recovery does not extend. The authorized Operating Income (Loss) comparison shows a narrower loss in the current quarter versus the prior-year quarter, but operating income remains in a loss position, so a renewed widening of that loss could compress net profitability even with the authorized diluted-EPS increase already recorded. Authorized Net Cash Provided by (Used in) Financing Activities is decreasing into a negative figure from a positive prior-year figure, signaling higher cash outflows to financing counterparties, and any return of the prior-period stock-based compensation timing issue flagged in Note 16 could re-emerge as a revision risk. The note explicitly states that the previously identified error was corrected in connection with the fiscal year financial statements and that further information is included in the cited note. Estimates underpinning revenue recognition, contingent liabilities, fair values of strategic investments, and income taxes remain areas where actual outcomes might underrun assumptions, leaving the downside case exposed to revisions rather than to a single identifiable driver. The filing evidence contains no peer or industry comparison.

For readers comparing cross-issuer patterns, the period-ended trajectory noted in LABCORP HOLDINGS INC.'s synchronized revenue and earnings gains across both reporting windows offers a parallel reference point for evaluating whether the current-period swing here is idiosyncratic or part of a broader reporting-window pattern.

Risks and what to watch

Reported facts: the 10-Q filed by CrowdStrike Holdings, Inc. under 0001535527-26-000025 for the three months ended April 30, 2026 carries two anchor numbers worth flagging — net income attributable to parent of $27,774,000 for the three-month window and a prior-period comparative of -$104,264,000 for the three months ended April 30, 2025, which moves the bottom line from a loss to a profit quarter-over-quarter.

Management explanations: the filing itself does not narrate a single driver for the swing. The relevant explanatory note, Note 16, frames a prior-period revision tied to the timing of stock-based compensation for awards granted in earlier fiscal years and is presented as an accounting correction rather than a performance story. The same accounting-policies block also flags a recently adopted standard on credit-loss measurement for receivables and contract assets, which the Company adopted with no material impact, alongside a pending internal-use software standard and a pending expense-disaggregation disclosure standard, both still under evaluation. Disclosure mechanics such as legal proceedings, risk factors, controls, and other reportable items are addressed under Item 1, Item 1A, Item 2, Item 3, Item 4, Item 5, Item 6, and the financial-statements reference under Item 8, with equity disclosures under Note 10.

Analyst inference: the absence of narrative around the bottom-line swing is itself the signal. The prior-period revision sits in the comparatives, and the standards commentary is silent on operating drivers, so any read on momentum has to lean on the clean quarter rather than on management commentary. Cross-checking this single-quarter view against peers reporting through similar windows — for example Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing — gives a sanity check on whether a profit return this period is part of a broader sector pattern or an idiosyncratic print.

Counter-evidence: nothing in the supplied excerpt pushes back on the loss-to-profit transition; the only forward-looking caveats are the still-pending internal-use software and expense-disaggregation standards that could reshape future reporting, and the continuing reliance on revised prior-period numbers that an outside reader cannot re-derive from new disclosures alone.

Unknowns: any causal read on the gap between the two quarters is not supported by the filing evidence. The filing evidence does not attribute this change to any single cause. A peer or industry benchmark is likewise outside this filing. The filing evidence contains no peer or industry comparison.

Metrics to watch next period: the same net income attributable to parent line on the next quarterly close to confirm whether the return to profitability holds outside any one-time effects, the stock-based compensation timing treatment that triggered Note 16, the implementation effect of the pending internal-use software and expense-disaggregation standards, and any incremental language shifts inside the risk-factor block under Item 1A that could presage a change in the qualitative narrative around demand, competition, or operational risk.