Net Income (Loss) Per Share Attributable to Common Stockholders

6 Months Ended

Jul. 31, 2023

Net Income (Loss) Per Share Attributable to Common Stockholders

Basic and diluted net income (loss) per share attributable to CrowdStrike’s common stockholders is computed in conformity with the two-class method required for participating securities. Basic net income (loss) per share attributable to CrowdStrike common stockholders is computed by dividing the net income (loss) attributable to CrowdStrike by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share attributable to CrowdStrike common stockholders is calculated by dividing net income by the combination of the weighted-average number of common shares outstanding and the weighted-average number of dilutive common share equivalents during the period. Diluted net loss per share is the same as basic net loss per share for the three and six months ended July 31, 2022 because the effects of potentially dilutive items were antidilutive given the Company’s net loss position.

The rights of the holders of Class A and Class B common stock are identical, except with the respect to voting and conversion rights. As such, the undistributed earnings are allocated equally to each share of common stock without class distinction and the resulting basic and diluted net income (loss) per share attributable to CrowdStrike common stockholders are the same for shares of Class A and Class B common stock.

The following table sets forth the computation of basic and diluted net income (loss) per share attributable to CrowdStrike common stockholders (in thousands, except per share data):


	Three Months Ended July 31,				Six Months Ended July 31,
	2023		2022		2023		2022
Numerator:
Net income (loss) attributable to Class A and Class B CrowdStrike common stockholders	$	8,472	$	(49,285)	$	8,963	$	(80,808)
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B of CrowdStrike common stockholders, basic	237,911		232,554		237,174		231,850
Dilutive effect of common stock equivalents	4,233		—		4,209		—
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B of CrowdStrike common stockholders, dilutive	242,144		232,554		241,383		231,850
Net income (loss) per share attributable to Class A and Class B CrowdStrike common stockholders, basic	$	0.04	$	(0.21)	$	0.04	$	(0.35)
Net income (loss) per share attributable to Class A and Class B CrowdStrike common stockholders, diluted	$	0.03	$	(0.21)	$	0.04	$	(0.35)

The potential shares of common stock that were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because including them would have been antidilutive are as follows (in thousands):


	July 31, 2023	July 31, 2022
Shares of common stock subject to repurchase from outstanding stock options	—	66
RSUs and PSUs subject to future vesting	3,960	8,569
Shares of common stock issuable from stock options	—	3,275
Share purchase rights under the Employee Stock Purchase Plan	100	1,062
Potential common shares excluded from diluted net income (loss) per share	4,060	12,972

The above table excludes founder holdbacks related to business combinations. A variable number of shares will be issued upon vesting to settle a fixed monetary amount of $5.3 million, contingent upon continued employment with the Company. The share price will be determined based on the Company’s average stock price or the volume weighted average stock price five days prior to each vesting date. During the three and six months ended July 31, 2023, 5,748 shares and 18,558 shares, respectively, were issued to settle founder holdbacks at a weighted average price of $154.64 per share and $136.78 per share, respectively.