Revision of Prior Period Financial Statements

As discussed in Note 1, during the fourth quarter of the fiscal year ended January 31, 2026, the Company identified an immaterial error related to the timing of recognition of stock-based compensation expense in prior periods associated with certain awards granted in the fiscal years ended January 31, 2022 and 2023. The Company evaluated the error and concluded that it was not material to its previously issued Consolidated Financial Statements. However, the impact of correcting the cumulative effect of the error as an out-of-period adjustment during the fiscal year ended January 31, 2026 would have been material.

The cumulative impact of this error to the fiscal years ended January 31, 2023 and 2022, in the amount of $29.3 million, has been reflected as an adjustment to the Accumulated deficit and Additional paid-in capital balances at February 1, 2023.

The following tables reflect the impacts of the revision to the previously filed financial statements for the fiscal years ended January 31, 2025 and 2024, respectively (in thousands, except per share data):

Consolidated Balance Sheets


	As of January 31, 2025
	As previously reported		Adjustments		As revised
Additional paid-in-capital	$	4,367,070	$	42,433	$	4,409,503
Accumulated deficit	$	(1,078,107)	$	(42,433)	$	(1,120,540)

Consolidated Statements of Operations


	Year Ended January 31, 2025						Year Ended January 31, 2024
	As previously reported		Adjustments		As revised		As previously reported		Adjustments		As revised
Subscription cost of revenue	$	835,509	$	(931)	$	834,578	$	630,745	$	1,998	$	632,743
Professional services cost of services	155,972		(378)		155,594		124,978		1,208		126,186
Total cost of revenue	991,481		(1,309)		990,172		755,723		3,206		758,929
Gross profit	2,962,143		1,309		2,963,452		2,299,832		(3,206)		2,296,626
Sales and marketing	1,523,356		(355)		1,523,001		1,140,566		(291)		1,140,275
Research and development	1,076,901		(1,314)		1,075,587		768,497		11,822		780,319
General and administrative	482,316		(1,052)		481,264		392,764		2,409		395,173
Total operating expenses	3,082,573		(2,721)		3,079,852		2,301,827		13,940		2,315,767
Loss from operations	(120,430)		4,030		(116,400)		(1,995)		(17,146)		(19,141)
Income (loss) before provision for income taxes	54,534		4,030		58,564		122,817		(17,146)		105,671
Net income (loss)	(16,596)		4,030		(12,566)		90,585		(17,146)		73,439
Net income (loss) attributable to CrowdStrike	$	(19,271)	$	4,030	$	(15,241)	$	89,327	$	(17,146)	$	72,181
Net income (loss) per share attributable to CrowdStrike common stockholders:
Basic	$	(0.08)	$	0.02	$	(0.06)	$	0.37	$	(0.07)	$	0.30
Diluted	$	(0.08)	$	0.02	$	(0.06)	$	0.37	$	(0.07)	$	0.30

There was no impact to the consolidated statements of cash flows from operating activities, investing activities, or financing activities for any period. The impact to the consolidated statements of comprehensive income (loss) is limited to the impact to net income (loss) as detailed above. The impact to the consolidated statements of stockholders’ equity is to Additional paid-in capital and Accumulated deficit for the same amounts as detailed above, with no resulting impact on Total stockholders’ equity as previously reported.