CrowdStrike Holdings, Inc. (CRWD) SEC Filings & Earnings Calls

July 19 Incident Business Impact

“The July 19 Incident has harmed, and is expected to continue to harm, our business, sales, customer and partner relations, and our reputation.” · word for word

Legal and Regulatory Proceedings

“We are party to a number of legal proceedings relating to the July 19 Incident, such as lawsuits filed by or on behalf of third parties, including securities litigation brought on behalf of certain purchasers of our common stock, derivative litigation asserting claims against certain officers and directors, and putative class actions brought by individual co”

Inability to Sustain Profitability

“We have incurred net losses each year prior to fiscal 2024, and we may not achieve or maintain profitability in the future.” · word for word

Customer Churn and Renewal Risk

“As a result of the July 19 Incident, certain of our existing or prospective customers have deferred or decided against purchases of our products and services and terminated or chosen not to renew their contracts with us, and others may take similar actions in the future.” · word for word

July 19 Incident (2024) still cited as a risk factor, with potential for legal, reputational, and financial impacts.

“risks associated with the content configuration update CrowdStrike released on July 19, 2024 for its Falcon sensor that resulted in system crashes for certain Windows systems (the “July 19 Incident”)” · word for word

Rapid growth and execution challenges remain key risks, including ability to manage scaling and integrate acquisitions.

“risks associated with managing CrowdStrike’s rapid growth; CrowdStrike’s ability to identify and effectively implement necessary changes to address execution challenges” · word for word

July 19 Incident Business Impact

“The July 19 Incident has had, and is expected to continue to have, an adverse effect on our business, sales, customer and partner relations, reputation, results of operations and financial condition.” · word for word

Litigation and Regulatory Risk

“We are party to a number of legal proceedings relating to the July 19 Incident... These lawsuits, claims and inquiries are resulting, and are expected to result in the future, in the incurrence of significant costs and expenses, the diversion of management’s attention from the operation of our business and other negative impacts on our business and operation” · word for word

Customer Churn and Retention Risk

“As a result of the July 19 Incident, certain of our existing or prospective customers have deferred or decided against purchases of our products and services and terminated or chosen not to renew their contracts with us, and others may take similar actions in the future.” · word for word

Competitive Pressure

“Certain of our competitors have aggressively approached our current and prospective customers and partners to attempt to capitalize on the July 19 Incident, and may continue to do so.” · word for word

Insurance Coverage Gap

“We expect that our insurance coverage will not cover all costs, claims and liabilities actually incurred, and we cannot be certain that our insurance will continue to be available to us on commercially reasonable terms, or at all, or that any insurer will not deny coverage as to any future claim.” · word for word

Competition in cybersecurity and AI security space

“Mention of 'AI-accelerated breaches' and need for innovation”

July 19 Incident Costs

“Costs (recoveries) associated with the July 19 Incident and related matters, net: $117.7 million.” · word for word

Stock-Based Compensation Dilution

“Stock based compensation expense and related employer payroll taxes: $1,130.6 million.” · word for word

Potential dilution from equity award, but performance-based and capped.

“Up to 200,000 shares issuable under the award.”

Share repurchase program is discretionary; no obligation to repurchase shares; market conditions may limit execution.

“Program does not obligate company to acquire any specific number of shares; timing depends on market conditions.”

July 19 Incident Fallout

“The July 19 Incident has had, and is expected to continue to have, an adverse effect on our business, sales, customer and partner relations, reputation, results of operations and financial condition.” · word for word

Legal and Regulatory Risk

“We are party to a number of legal proceedings relating to the July 19 Incident, such as lawsuits filed by or on behalf of third parties, including securities litigation brought on behalf of certain purchasers of our common stock, derivative litigation asserting claims against certain officers and directors, and putative class actions brought by individual co” · word for word

Customer Churn Risk

“As a result of the July 19 Incident, certain of our existing or prospective customers have deferred or decided against purchases of our products and services and terminated or chosen not to renew their contracts with us, and others may take similar actions in the future.” · word for word

GAAP net loss for full year FY2026 despite strong non-GAAP profitability

“GAAP net loss attributable to CrowdStrike was $162.5 million for FY2026” · word for word

Potential dilution from equity awards

“Up to 600,000 shares could be issued if performance targets met”

July 19 Incident Impact

“The July 19 Incident has harmed, and is expected to continue to harm, our business, sales, customer and partner relations, and our reputation.” · word for word

Legal Proceedings

“We are party to a number of legal proceedings relating to the July 19 Incident, such as lawsuits filed by or on behalf of third parties, including securities litigation brought on behalf of certain purchasers of our common stock, derivative litigation asserting claims against certain officers and directors, and putative class actions brought by individual co” · word for word

Customer Churn

“Customers have also decided, and may in the future decide, to terminate or not renew their agreements with us.” · word for word

GAAP net loss attributable to CrowdStrike of $34.0M, though improving YoY.

“GAAP net loss attributable to CrowdStrike was $34.0 million, compared to $16.8 million in the third quarter of fiscal 2025.” · word for word

High stock-based compensation driving GAAP vs non-GAAP gap.

“GAAP loss from operations was $69.4 million, compared to $55.7 million in the third quarter of fiscal 2025. Non-GAAP income from operations was a record $264.6 million.” · word for word