CrowdStrike Holdings (CRWD) Cost of Revenue (2018 - 2026)
CrowdStrike Holdings' (CRWD) quarterly Cost of Revenue came in at $374.0 million in Q3 2026, up 21.21% on a YoY basis from $308.6 million in Q3 2025, and up 9.27% quarter-over-quarter from $342.3 million in Q2 2026.
Analysis
CrowdStrike Holdings (CRWD) Cost of Revenue (2018 - 2026) Analysis & Trends
CrowdStrike Holdings (CRWD) has reported Cost of Revenue for 9 consecutive years, with $374.0 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Cost of Revenue rose 21.21% year-over-year to $374.0 million; the trailing twelve-month figure through Jul 2026 stood at $1.3 billion (up 18.82% YoY), and the FY2026 full-year result was $1.2 billion, up 23.1% from the prior year.
- Cost of Revenue grew to $374.0 million in Q3 2026 per CRWD's latest filing, from $342.3 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $374.0 million in Q3 2026 and bottomed at $112.6 million in Q1 2022.
- Historically, Cost of Revenue has averaged $231.3 million across 5 years, with a median of $225.0 million in 2024.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue soared 68.76% in 2022, then rose 14.31% in 2026.
- Over 5 years, Cost of Revenue stood at $158.2 million in 2022, then advanced by 23.24% to $195.0 million in 2023, then surged by 30.81% to $255.1 million in 2024, then gained by 20.67% to $307.8 million in 2025, then grew by 21.51% to $374.0 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $374.0 million, $342.3 million, and $311.7 million for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.95 Bn | 266.84 Bn | 2.03 Bn | 974.00 Mn |
| 2 | CrowdStrike Holdings | 213.25 Bn | 208.23 Bn | 1.10 Bn | 374.00 Mn |
| 3 | Fortinet | 115.21 Bn | 111.15 Bn | 1.64 Bn | 404.70 Mn |
| 4 | Axon Enterprise | 40.91 Bn | 40.24 Bn | 546.45 Mn | 357.94 Mn |
| 5 | Zscaler | 26.10 Bn | 22.63 Bn | - | - |
| 6 | F5 | 22.14 Bn | 20.54 Bn | 711.51 Mn | 153.56 Mn |
| 7 | Rubrik | 18.93 Bn | 17.19 Bn | 335.12 Mn | 92.14 Mn |
| 8 | Gen Digital | 17.80 Bn | 17.24 Bn | 1.03 Bn | 307.00 Mn |
| 9 | Check Point Software Technologies | 14.28 Bn | 12.00 Bn | 574.10 Mn | 99.50 Mn |
| 10 | SentinelOne | 6.67 Bn | 6.02 Bn | 210.42 Mn | 81.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 374.00 Mn |
| Apr 30, 2026 | 342.28 Mn |
| Jan 31, 2026 | 311.70 Mn |
| Oct 31, 2025 | 307.81 Mn |
| Jul 31, 2025 | 308.55 Mn |
| Apr 30, 2025 | 287.88 Mn |
| Jan 31, 2025 | 272.68 Mn |
| Oct 31, 2024 | 255.09 Mn |
| Jul 31, 2024 | 237.40 Mn |
| Apr 30, 2024 | 225.00 Mn |
| Jan 31, 2024 | 211.78 Mn |
| Oct 31, 2023 | 195.00 Mn |
| Jul 31, 2023 | 182.92 Mn |
| Apr 30, 2023 | 169.23 Mn |
| Jan 31, 2023 | 175.60 Mn |
| Oct 31, 2022 | 158.23 Mn |
| Jul 31, 2022 | 140.57 Mn |
| Apr 30, 2022 | 126.83 Mn |
| Jan 31, 2022 | 112.62 Mn |
| Oct 31, 2021 | 101.66 Mn |