CrowdStrike Holdings (CRWD) Research & Development (2018 - 2026)
CrowdStrike Holdings' (CRWD) quarterly Research & Development came in at $510.0 million in Q3 2026, up 14.2% on a YoY basis from $446.6 million in Q3 2025, and up 4.36% quarter-over-quarter from $488.7 million in Q2 2026.
Analysis
CrowdStrike Holdings (CRWD) Research & Development (2018 - 2026) Analysis & Trends
CrowdStrike Holdings (CRWD) has reported Research & Development for 9 consecutive years, with $510.0 million the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Research & Development rose 14.2% year-over-year to $510.0 million; the trailing twelve-month figure through Jul 2026 stood at $1.9 billion (up 14.09% YoY), and the FY2026 full-year result was $1.8 billion, up 20.24% from the prior year.
- Research & Development improved to $510.0 million in Q3 2026 per CRWD's latest filing, from $488.7 million in the prior quarter.
- Across five years, Research & Development topped out at $510.0 million in Q3 2026 and bottomed at $162.6 million in Q1 2022.
- Historically, Research & Development has averaged $345.2 million across 5 years, with a median of $350.1 million in 2024.
- The sharpest annual moves came in 2023 and 2026: Research & Development jumped 51.57% in 2023, then climbed 11.26% in 2026.
- Over 5 years, Research & Development stood at $239.7 million in 2022, then advanced by 19.41% to $286.2 million in 2023, then jumped by 42.66% to $408.3 million in 2024, then advanced by 17.82% to $481.0 million in 2025, then gained by 6.02% to $510.0 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $510.0 million, $488.7 million, and $463.6 million for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 269.46 Bn | 266.34 Bn | 2.03 Bn | 1.16 Bn |
| 2 | CrowdStrike Holdings | 213.75 Bn | 208.74 Bn | 1.10 Bn | 509.97 Mn |
| 3 | Fortinet | 115.33 Bn | 111.27 Bn | 1.64 Bn | 669.10 Mn |
| 4 | Axon Enterprise | 40.70 Bn | 40.03 Bn | 546.45 Mn | 208.69 Mn |
| 5 | Zscaler | 25.94 Bn | 22.46 Bn | - | - |
| 6 | F5 | 22.10 Bn | 20.50 Bn | 711.51 Mn | 238.03 Mn |
| 7 | Rubrik | 18.86 Bn | 17.11 Bn | 335.12 Mn | 224.45 Mn |
| 8 | Gen Digital | 17.83 Bn | 17.27 Bn | 1.03 Bn | 300.00 Mn |
| 9 | Check Point Software Technologies | 14.27 Bn | 11.99 Bn | 574.10 Mn | 239.00 Mn |
| 10 | SentinelOne | 6.66 Bn | 6.00 Bn | 210.42 Mn | 123.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 509.97 Mn |
| Apr 30, 2026 | 488.67 Mn |
| Jan 31, 2026 | 463.58 Mn |
| Oct 31, 2025 | 481.03 Mn |
| Jul 31, 2025 | 446.58 Mn |
| Apr 30, 2025 | 439.21 Mn |
| Jan 31, 2025 | 409.15 Mn |
| Oct 31, 2024 | 408.27 Mn |
| Jul 31, 2024 | 355.47 Mn |
| Apr 30, 2024 | 350.11 Mn |
| Jan 31, 2024 | 290.07 Mn |
| Oct 31, 2023 | 286.19 Mn |
| Jul 31, 2023 | 282.92 Mn |
| Apr 30, 2023 | 281.11 Mn |
| Jan 31, 2023 | 246.44 Mn |
| Oct 31, 2022 | 239.67 Mn |
| Jul 31, 2022 | 224.77 Mn |
| Apr 30, 2022 | 193.53 Mn |
| Jan 31, 2022 | 162.59 Mn |
| Oct 31, 2021 | 164.96 Mn |