CrowdStrike Holdings Inc.、合并损益表结构（季度数据）
|
截至 3 个月 |
2025年7月31日 |
|
2025年4月30日 |
|
2025年1月31日 |
|
2024年10月31日 |
|
2024年7月31日 |
|
2024年4月30日 |
|
2024年1月31日 |
|
2023年10月31日 |
|
2023年7月31日 |
|
2023年4月30日 |
|
2023年1月31日 |
|
2022年10月31日 |
|
2022年7月31日 |
|
2022年4月30日 |
|
2022年1月31日 |
|
2021年10月31日 |
|
2021年7月31日 |
|
2021年4月30日 |
|
2021年1月31日 |
|
2020年10月31日 |
|
2020年7月31日 |
|
2020年4月30日 |
|
2020年1月31日 |
|
2019年10月31日 |
|
2019年7月31日 |
|
2019年4月30日 |
|
|
|
订阅 |
94.35% | |
95.23% | |
95.26% | |
95.30% | |
95.27% | |
94.69% | |
94.16% | |
93.31% | |
94.31% | |
94.02% | |
93.86% | |
94.23% | |
94.59% | |
94.26% | |
94.07% | |
93.94% | |
93.53% | |
92.86% | |
92.35% | |
91.86% | |
92.60% | |
91.10% | |
91.08% | |
91.29% | |
90.26% | |
89.50% | |
|
|
专业服务 |
5.65% | |
4.77% | |
4.74% | |
4.70% | |
4.73% | |
5.31% | |
5.84% | |
6.69% | |
5.69% | |
5.98% | |
6.14% | |
5.77% | |
5.41% | |
5.74% | |
5.93% | |
6.06% | |
6.47% | |
7.14% | |
7.65% | |
8.14% | |
7.40% | |
8.90% | |
8.92% | |
8.71% | |
9.74% | |
10.50% | |
|
|
收入 |
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
100.00% |
|
|
|
订阅 |
-21.70% | |
-21.97% | |
-21.69% | |
-21.41% | |
-20.74% | |
-20.59% | |
-20.76% | |
-20.33% | |
-20.95% | |
-20.52% | |
-23.44% | |
-23.11% | |
-22.44% | |
-22.13% | |
-22.17% | |
-22.49% | |
-22.50% | |
-21.43% | |
-20.51% | |
-21.33% | |
-22.13% | |
-20.91% | |
-22.76% | |
-23.35% | |
-23.08% | |
-24.66% | |
|
|
专业服务 |
-4.85% | |
-4.24% | |
-4.19% | |
-3.84% | |
-3.89% | |
-3.84% | |
-3.91% | |
-4.47% | |
-4.05% | |
-3.92% | |
-4.11% | |
-4.13% | |
-3.83% | |
-3.87% | |
-3.96% | |
-4.26% | |
-4.28% | |
-4.49% | |
-4.67% | |
-5.14% | |
-5.20% | |
-5.42% | |
-5.79% | |
-6.50% | |
-6.14% | |
-5.81% | |
|
|
收入成本 |
-26.54% |
|
-26.20% |
|
-25.88% |
|
-25.25% |
|
-24.63% |
|
-24.43% |
|
-24.67% |
|
-24.81% |
|
-25.00% |
|
-24.43% |
|
-27.55% |
|
-27.24% |
|
-26.27% |
|
-26.00% |
|
-26.13% |
|
-26.75% |
|
-26.78% |
|
-25.92% |
|
-25.19% |
|
-26.47% |
|
-27.34% |
|
-26.33% |
|
-28.54% |
|
-29.86% |
|
-29.21% |
|
-30.47% |
|
|
|
毛利 |
73.46% |
|
73.80% |
|
74.12% |
|
74.75% |
|
75.37% |
|
75.57% |
|
75.33% |
|
75.19% |
|
75.00% |
|
75.57% |
|
72.45% |
|
72.76% |
|
73.73% |
|
74.00% |
|
73.87% |
|
73.25% |
|
73.22% |
|
74.08% |
|
74.81% |
|
73.53% |
|
72.66% |
|
73.67% |
|
71.46% |
|
70.14% |
|
70.79% |
|
69.53% |
|
|
|
销售和营销 |
-38.24% | |
-39.84% | |
-38.69% | |
-40.42% | |
-36.88% | |
-38.01% | |
-34.35% | |
-36.41% | |
-38.67% | |
-40.59% | |
-38.67% | |
-41.26% | |
-42.00% | |
-39.67% | |
-37.72% | |
-43.40% | |
-45.56% | |
-44.62% | |
-42.44% | |
-45.43% | |
-47.81% | |
-49.49% | |
-49.83% | |
-54.89% | |
-60.38% | |
-59.16% | |
|
|
研究与开发 |
-29.66% | |
-30.28% | |
-29.77% | |
-27.28% | |
-26.03% | |
-25.54% | |
-25.32% | |
-24.95% | |
-24.52% | |
-25.85% | |
-30.10% | |
-26.73% | |
-25.76% | |
-25.30% | |
-24.37% | |
-25.69% | |
-26.79% | |
-25.82% | |
-24.94% | |
-24.75% | |
-25.37% | |
-22.79% | |
-25.44% | |
-28.77% | |
-29.26% | |
-24.85% | |
|
|
一般和行政 |
-15.22% | |
-14.97% | |
-13.72% | |
-12.57% | |
-11.04% | |
-11.26% | |
-12.15% | |
-13.43% | |
-13.91% | |
-11.93% | |
-13.33% | |
-14.49% | |
-15.00% | |
-13.93% | |
-17.24% | |
-14.75% | |
-14.91% | |
-13.99% | |
-13.39% | |
-13.74% | |
-14.56% | |
-14.06% | |
-16.65% | |
-17.28% | |
-27.99% | |
-12.35% | |
|
|
运营费用 |
-83.12% |
|
-85.09% |
|
-82.17% |
|
-80.26% |
|
-73.95% |
|
-74.82% |
|
-71.82% |
|
-74.79% |
|
-77.10% |
|
-78.37% |
|
-82.10% |
|
-82.47% |
|
-82.76% |
|
-78.90% |
|
-79.33% |
|
-83.84% |
|
-87.26% |
|
-84.43% |
|
-80.78% |
|
-83.92% |
|
-87.74% |
|
-86.34% |
|
-91.92% |
|
-100.93% |
|
-117.63% |
|
-96.36% |
|
|
|
经营活动收入（亏损） |
-9.66% |
|
-11.30% |
|
-8.06% |
|
-5.52% |
|
1.42% |
|
0.75% |
|
3.51% |
|
0.40% |
|
-2.10% |
|
-2.81% |
|
-9.65% |
|
-9.71% |
|
-9.03% |
|
-4.90% |
|
-5.46% |
|
-10.59% |
|
-14.04% |
|
-10.35% |
|
-5.96% |
|
-10.39% |
|
-15.07% |
|
-12.68% |
|
-20.47% |
|
-30.79% |
|
-46.84% |
|
-26.83% |
|
|
|
利息支出 |
-0.58% | |
-0.61% | |
-0.63% | |
-0.65% | |
-0.68% | |
-0.71% | |
-0.76% | |
-0.83% | |
-0.88% | |
-0.92% | |
-1.00% | |
-1.09% | |
-1.18% | |
-1.29% | |
-1.46% | |
-1.68% | |
-1.86% | |
-2.06% | |
-0.40% | |
-0.08% | |
-0.09% | |
-0.08% | |
-0.10% | |
-0.11% | |
-0.15% | |
0.00% | |
|
|
利息收入 |
4.35% | |
4.11% | |
4.40% | |
5.17% | |
5.35% | |
4.98% | |
4.93% | |
5.10% | |
5.01% | |
4.41% | |
4.24% | |
2.80% | |
1.44% | |
0.31% | |
0.64% | |
0.27% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
|
|
其他收入（支出），净额 |
-0.23% | |
-0.35% | |
-0.10% | |
-0.04% | |
-0.11% | |
0.83% | |
0.43% | |
-0.06% | |
-0.24% | |
0.03% | |
-0.44% | |
0.13% | |
0.63% | |
0.35% | |
-0.25% | |
-0.09% | |
0.18% | |
1.57% | |
0.26% | |
0.12% | |
0.37% | |
2.55% | |
2.11% | |
2.86% | |
-0.42% | |
0.41% | |
|
|
所得税准备金前的收益（亏损） |
-6.13% |
|
-8.15% |
|
-4.39% |
|
-1.04% |
|
5.98% |
|
5.86% |
|
8.11% |
|
4.61% |
|
1.79% |
|
0.71% |
|
-6.84% |
|
-7.88% |
|
-8.14% |
|
-5.53% |
|
-6.53% |
|
-12.10% |
|
-15.72% |
|
-10.83% |
|
-6.10% |
|
-10.36% |
|
-14.79% |
|
-10.21% |
|
-18.46% |
|
-28.03% |
|
-47.41% |
|
-26.42% |
|
|
|
所得税准备金 |
-0.51% | |
-1.91% | |
-4.37% | |
-0.62% | |
-1.13% | |
-0.83% | |
-1.61% | |
-1.22% | |
-0.63% | |
-0.64% | |
-0.83% | |
-1.53% | |
-0.89% | |
-0.71% | |
-3.15% | |
-1.18% | |
-1.25% | |
-16.53% | |
-1.07% | |
-0.19% | |
-0.22% | |
-0.58% | |
-0.22% | |
-0.35% | |
-0.59% | |
-0.62% | |
|
|
净利润（亏损） |
-6.64% |
|
-10.06% |
|
-8.76% |
|
-1.66% |
|
4.84% |
|
5.02% |
|
6.50% |
|
3.39% |
|
1.16% |
|
0.07% |
|
-7.68% |
|
-9.40% |
|
-9.03% |
|
-6.23% |
|
-9.68% |
|
-13.27% |
|
-16.97% |
|
-27.36% |
|
-7.17% |
|
-10.55% |
|
-15.01% |
|
-10.79% |
|
-18.68% |
|
-28.38% |
|
-48.00% |
|
-27.04% |
|
|
|
归属于非控制性权益的净（收入）亏损 |
0.00% | |
0.07% | |
0.04% | |
0.00% | |
0.03% | |
-0.37% | |
-0.15% | |
0.00% | |
0.00% | |
0.00% | |
0.23% | |
-0.06% | |
-0.18% | |
-0.23% | |
-0.06% | |
0.00% | |
0.00% | |
-0.72% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
0.00% | |
|
|
归属于CrowdStrike的净收益（亏损） |
-6.64% |
|
-9.99% |
|
-8.72% |
|
-1.67% |
|
4.88% |
|
4.65% |
|
6.35% |
|
3.39% |
|
1.16% |
|
0.07% |
|
-7.45% |
|
-9.46% |
|
-9.21% |
|
-6.46% |
|
-9.74% |
|
-13.28% |
|
-16.97% |
|
-28.08% |
|
-7.17% |
|
-10.55% |
|
-15.01% |
|
-10.79% |
|
-18.68% |
|
-28.38% |
|
-48.00% |
|
-27.04% |
|
根据报告：
10-Q (报告日期： 2025-07-31), 10-Q (报告日期： 2025-04-30), 10-K (报告日期： 2025-01-31), 10-Q (报告日期： 2024-10-31), 10-Q (报告日期： 2024-07-31), 10-Q (报告日期： 2024-04-30), 10-K (报告日期： 2024-01-31), 10-Q (报告日期： 2023-10-31), 10-Q (报告日期： 2023-07-31), 10-Q (报告日期： 2023-04-30), 10-K (报告日期： 2023-01-31), 10-Q (报告日期： 2022-10-31), 10-Q (报告日期： 2022-07-31), 10-Q (报告日期： 2022-04-30), 10-K (报告日期： 2022-01-31), 10-Q (报告日期： 2021-10-31), 10-Q (报告日期： 2021-07-31), 10-Q (报告日期： 2021-04-30), 10-K (报告日期： 2021-01-31), 10-Q (报告日期： 2020-10-31), 10-Q (报告日期： 2020-07-31), 10-Q (报告日期： 2020-04-30), 10-K (报告日期： 2020-01-31), 10-Q (报告日期： 2019-10-31), 10-Q (报告日期： 2019-07-31), 10-Q (报告日期： 2019-04-30).
从整体财务数据分析中可以观察到，公司的收入结构已逐渐偏向订阅模式，订阅收入占比持续上升，从2019年约89.5%逐步增加至2025年预计的94%以上。这一趋势表明公司在订阅服务方面的业务发展稳健，用户粘性增强，未来盈利模式可能更加依赖于稳定的订阅收入。此外，专业服务收入比例逐步下降，反映出公司业务逐步向软件订阅和持续收入模式转变。
尽管整体收入规模未在提供的数据中明确标出，但从订阅和专业服务收入的百分比变化来看，公司保持了持续的收入增长趋势。值得注意的是，收入成本相对稳定，但呈现出逐渐增加的迹象，伴随毛利率在70%以上，显示出公司在成本控制和盈利能力方面具有一定优势。然而，销售和营销成本比例较高，且波动较大，其较高的比例在一定程度上压缩了盈利空间，需要持续关注营销效率的提升。
研发和行政支出占比较为稳定，尤其是研发支出在25%到30%之间，显示出公司对技术研发的持续投入，有助于保持竞争优势。运营费用严重高于收入，且产生的运营亏损（收入百分比为负）占比较大，从2020年开始，亏损逐渐缩窄并在2023年出现盈余（如2023年一季度净利润略有正值），表明公司通过规模扩张逐步改善盈利状况，且未来有望持续改善盈利能力。
经营活动的利润（亏损）表现出较大的波动，2020年后亏损逐步缩减，至2023年出现接近盈亏平衡的态势，显示出公司经营的连续优化。利息收入持续增长，有助于改善财务收益，但利息支出保持低位，影响较小。其他收入（支出）净额整体趋于平稳，没有显著的趋势变化。
净利润（亏损）方面，早期显示出较大的亏损，但经过多期的成本控制和收入结构优化，亏损逐步缩窄，2023年开始出现少量盈利，2024年及未来预期仍有改善空间。归属于非控制性权益的净亏损在部分时期存在轻微波动，但对整体净利润的影响有限，公司的核心盈利归属公司股东的净收益表现出逐步改善的趋势，未来盈利能力值得持续关注。
综上，公司的财务表现显示出从亏损向盈利转变的迹象，主要得益于订阅收入比重增加、毛利率保持稳定、运营成本得到一定控制以及成本结构的优化。未来的盈利增长将依赖于持续扩大订阅收入、提升营销效率、控制运营成本及加大研发投入来巩固竞争优势。管理层应继续关注收入结构的优化和成本管理，确保持续健康的财务发展态势。
