0001535527-23-000008 | 10-K | XBRL Viewer

Revenue, Deferred Revenue and Remaining Performance Obligations

12 Months Ended

Jan. 31, 2023

Revenue Recognition and Deferred Revenue [Abstract]

Revenue, Deferred Revenue and Remaining Performance Obligations

The following table summarizes the revenue from contracts by type of customer (in thousands, except percentages):


	Year Ended January 31,
	2023				2022				2021
	Amount		% Revenue		Amount		% Revenue		Amount		% Revenue

Channel Partners	$	1,856,715	83	%	$	1,093,336	75	%	$	655,031	75	%
Direct Customers	384,521		17	%	358,258		25	%	219,407		25	%
Total revenue	$	2,241,236	100	%	$	1,451,594	100	%	$	874,438	100	%

The Company uses channel partners to complement direct sales and marketing efforts. The partners place an order with the Company after negotiating the order directly with an end customer. The partners negotiate pricing with the end customer and in some rare instances are responsible for certain support levels directly with the end customer. The Company’s contract is with the partner, and payment to the Company is not contingent on the receipt of payment from the end customer. The Company recognizes the contractual amount charged to the partners as revenue ratably over the term of the arrangement once access to the Company’s solution has been provided to the end customer.

The Company also uses referral and marketplace partners. Referral partners refer customers in exchange for a referral fee, while marketplace partners process the transactions and charge a transaction processing fee. For both sets of partners, the Company negotiates pricing and contracts directly with the end customer. The Company recognizes revenue from the sales to the end customers ratably over the term of the contract once access to the Company’s solution has been provided to the end customer.

The following table summarizes the revenue by region based on the shipping address of customers who have contracted to use the Company’s platform or service (in thousands, except percentages):


	Year Ended January 31,
	2023				2022				2021
	Amount		% Revenue		Amount		% Revenue		Amount		% Revenue

United States	$	1,563,567	70	%	$	1,046,474	72	%	$	627,402	72	%
Europe, Middle East, and Africa	327,929		15	%	200,198		14	%	123,900		14	%
Asia Pacific	228,124		10	%	142,686		10	%	80,185		9	%
Other	121,616		5	%	62,236		4	%	42,951		5	%
Total revenue	$	2,241,236	100	%	$	1,451,594	100	%	$	874,438	100	%

No single country other than the United States represented 10% or more of the Company’s total revenue during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021.

Contract Balances

Contract liabilities consist of deferred revenue and include payments received in advance of performance under the contract. Such amounts are recognized as revenue over the contractual period. The Company recognized revenue of $1.1 billion and $696.7 million for the fiscal years ended January 31, 2023 and January 31, 2022, respectively, which was included in the corresponding contract liability balance at the beginning of the period.

The Company receives payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the right to consideration becomes unconditional. Payment terms on invoiced amounts are typically 30 – 60 days. Contract assets include amounts related to the contractual right to consideration for both completed and partially completed performance obligations that may not have been invoiced.

Changes in deferred revenue were as follows (in thousands):


	Year Ended January 31,
	2023		2022

Beginning balance	$	1,529,321	$	911,895
Additions to deferred revenue	3,067,028		2,069,020
Recognition of deferred revenue	(2,241,236)		(1,451,594)
Ending balance	$	2,355,113	$	1,529,321

Remaining Performance Obligations

The Company’s subscription contracts with its customers have a typical term of one to three years, and most subscription contracts are non-cancelable. Customers generally have the right to terminate their contracts for cause as a result of the Company’s failure to perform. As of January 31, 2023, the aggregate amount of the transaction price allocated to remaining performance obligations was $3.4 billion. The Company expects to recognize approximately 63% of the remaining performance obligations in the 12 months following January 31, 2023 and 36% of the remaining performance obligations between 13 to 36 months, with the remainder to be recognized thereafter.

Costs to Obtain and Fulfill a Contract

The Company capitalizes referral fees paid to partners and sales commissions and associated payroll taxes paid to internal sales personnel, contractors, or sales agents that are incremental to the acquisition of channel partner and direct customer contracts and would not have occurred absent the customer contract. These costs are recorded as Deferred contract acquisition costs, current and Deferred contract acquisition costs, noncurrent on the consolidated balance sheets.

Sales commissions for renewal of a contract are not considered commensurate with the commissions paid for the acquisition of the initial contract or follow-on upsell given the substantive difference in commission rates in proportion to their respective contract values. Commissions, including referral fees paid to referral partners, earned upon the initial acquisition of a contract or subsequent upsell are amortized over an estimated period of benefit of four years, while commissions earned for renewal contracts are amortized over the contractual term of the renewals. Sales commissions associated with professional service contracts are amortized ratably over an estimated period of benefit of eight months and are included in Sales and marketing expense in the consolidated statements of operations. In determining the period of benefit for commissions paid for the acquisition of the initial contract, the Company took into consideration the expected subscription term and expected renewals of customer contracts, the historical duration of relationships with customers, customer retention data, and the life of the developed technology. The Company periodically reviews the carrying amount of deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit of these deferred costs. The Company did not recognize any material impairment losses of deferred contract acquisition costs during the year ended January 31, 2023.

The following table summarizes the activity of deferred contract acquisition costs (in thousands):


	Year Ended January 31,
	2023		2022

Beginning balance	$	319,180	$	198,756

Capitalization of contract acquisition costs	298,716		234,308
Amortization of deferred contract acquisition costs	(170,808)		(113,884)
Ending balance	$	447,088	$	319,180

Deferred contract acquisition costs, current	$	186,855	$	126,822
Deferred contract acquisition costs, noncurrent	260,233		192,358
Total deferred contract acquisition costs	$	447,088	$	319,180

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

Balance Sheet Components (Tables)

12 Months Ended

Jan. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	January 31,
	2023		2022

Data center and other computer equipment	$	297,585	$	198,297
Capitalized internal-use software and website development costs	113,276		70,476
Leasehold improvements	24,944		22,029
Purchased software	6,384		5,232
Furniture and equipment	7,412		7,291
Construction in progress	259,013		99,030
	708,614		402,355
Less: Accumulated depreciation and amortization	(216,279)		(141,778)
Property and equipment, net	$	492,335	$	260,577

Schedule of Intangible Assets, Net

Total intangible assets, net consisted of the following (dollars in thousands):


	January 31, 2023						Weighted-Average Remaining Useful Life
	Gross Carrying Amount		Accumulated Amortization		Net Amount

							(in months)
Developed technology	$	101,452	$	25,866	$	75,586	68
Customer relationships	12,032		3,831		8,201		61
Other acquired intangible assets	4,717		1,615		3,102		147
Total	$	118,201	$	31,312	$	86,889


	January 31, 2022						Weighted-Average Remaining Useful Life
	Gross Carrying Amount		Accumulated Amortization		Net Amount

							(in months)
Developed technology	$	97,668	$	12,000	$	85,668	79
Customer relationships	12,045		1,973		10,072		72
Other acquired intangible assets	2,397		801		1,596		89
Total	$	112,110	$	14,774	$	97,336

Schedule of Estimated Aggregate Future Amortization Expense of Intangible Assets

The estimated aggregate future amortization expense of intangible assets as of January 31, 2023 was as follows (in thousands):


	Total
Fiscal 2024	$	16,442
Fiscal 2025	16,357
Fiscal 2026	15,270
Fiscal 2027	13,095
Fiscal 2028	12,582
Thereafter	13,143
Total amortization expense	$	86,889

Schedule of Goodwill

The changes in goodwill during the fiscal year ended January 31, 2023 consisted of the following (in thousands):


	Amounts
Goodwill as of January 31, 2022	$	416,445
Goodwill acquired (1)	14,239
Goodwill adjustment for the SecureCircle acquisition	81
Foreign currency translation	(120)
Goodwill as of January 31, 2023	$	430,645

__________________________________

(1)Goodwill acquired resulted from the acquisition of Reposify Ltd. Refer to Note 12 for additional information.

Schedule of Accrued Expenses

Accrued expenses consisted of the following (in thousands):


	January 31,
	2023		2022

Web hosting services	$	65,589	$	23,711
Accrued purchases of property and equipment	20,157		10,878
Accrued professional services	13,281		10,664
Accrued marketing	11,435		9,801
Other accrued expenses	11,247		13,988
Accrued interest expense	10,375		10,375
Accrued partner commissions	5,800		3,965
Accrued expenses	$	137,884	$	83,382

Schedule of Accrued Payroll and Benefits

Accrued payroll and benefits consisted of the following (in thousands):


	January 31,
	2023		2022

Accrued commissions	$	77,287	$	47,298
Accrued payroll and related expenses	39,907		24,910
Accrued bonuses	34,098		17,591
Employee Stock Purchase Plan	17,475		14,764
Accrued payroll and benefits	$	168,767	$	104,563

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

Stock-Based Compensation

12 Months Ended

Jan. 31, 2023

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

Stock Incentive Plan

In May 2019, the Company’s board of directors adopted, and the stockholders approved the CrowdStrike Holdings, Inc. 2019 Equity Incentive Plan (the “2019 Plan”) with the purpose of granting stock-based awards to employees, directors, officers, and consultants, including stock options, restricted stock awards, restricted stock units, and performance-based restricted stock units. A total of 8,750,000 shares of Class A common stock were initially available for issuance under the 2019 Plan. The Company’s compensation committee administers the 2019 Plan. The number of shares of the Company’s common stock available for issuance under the 2019 Plan is subject to an annual increase on the first day of each fiscal year beginning on February 1, 2020, equal to the lesser of: (i) two percent (2.0%) of outstanding shares of the Company’s capital stock as of the last day of the immediately preceding fiscal year or (ii) such other amount as the Company’s board of directors may determine.

The 2011 Plan was terminated on June 10, 2019, which was the business day prior to the effectiveness of the Company’s registration statement on Form S-1 used in connection with the Company’s IPO, and stock-based awards are no longer granted under the 2011 Plan. Any shares underlying stock options that expire, terminate, or are forfeited or repurchased under the 2011 Plan will be automatically transferred to the 2019 Plan.

Stock Options

The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes option-pricing model with the assumptions included in the table below. The expected term represents the period that the Company’s share-based awards are expected to be outstanding. The expected term assumptions were determined based on the vesting terms, exercise terms, and contractual lives of the options. The expected stock price volatility is based upon comparable public company data. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated option life.

The fair value of stock options was generally estimated on the date of grant using the following assumptions during the period:


	Year Ended January 31,
	2022		2021

Expected term (in years)	3.82 – 5.63		3.17 – 6.05
Risk-free interest rate	0.6% – 1.0%		0.2% – 0.4%
Expected stock price volatility	36.1% – 37.1%		35.8% – 37.3%
Dividend yield	—	%	—	%

Stock options granted during the fiscal year ended January 31, 2023 were immaterial.

The following table is a summary of stock option activity for the fiscal year ended January 31, 2023:


	Number of Shares	Weighted- Average Exercise Price Per Share
	(in thousands)








Options outstanding at January 31, 2022	3,938	$	8.48
Granted	2	$	53.64
Exercised	(1,032)	$	8.39
Canceled	(39)	$	10.76
Options outstanding at January 31, 2023	2,869	$	8.52
Options vested and expected to vest at January 31, 2023	2,869	$	8.52
Options exercisable at January 31, 2023	2,528	$	8.09

Options outstanding include 307,991 options that were unvested and exercisable as of January 31, 2023.

The aggregate intrinsic value of options vested and exercisable was $247.2 million, $480.5 million, and $711.4 million as of January 31, 2023, January 31, 2022, and January 31, 2021, respectively. The weighted-average remaining contractual term of options vested and exercisable was 4.8 years, 5.7 years, and 6.4 years as of January 31, 2023, January 31, 2022, and January 31, 2021, respectively.

The weighted-average grant date fair values of all options granted was $116.26, $180.08, and $66.31 per share during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively. The total intrinsic value of all options exercised was $166.8 million, $570.9 million, and $847.5 million during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively.

The aggregate intrinsic value of stock options outstanding as of January 31, 2023, January 31, 2022, and January 31, 2021 was $279.4 million, $678.0 million, and $1.4 billion, respectively, which represents the excess of the fair value of the Company’s common stock over the exercise price of the options, multiplied by the number of options outstanding. The weighted-average remaining contractual term of stock options outstanding was 5.0 years, 6.1 years, and 7.0 years as of January 31, 2023, January 31, 2022, and January 31, 2021, respectively.

Total unrecognized stock-based compensation expense related to unvested options was $2.5 million as of January 31, 2023. This expense is expected to be amortized over a weighted-average vesting period of 1.6 years.

Early Exercise of Employee Options

The 2011 Stock Plan allows for the early exercise of stock options for certain individuals as determined by the board of directors. The consideration received for an early exercise of an option is a deposit of the exercise price, and the related dollar amount is recorded as a liability for early exercise of unvested stock options in the consolidated balance sheets. This liability is reclassified to Additional paid-in capital as the awards vest. If a stock option is early exercised, the unvested shares may be repurchased by the Company in case of employment termination or for any reason, including death and disability, at the price paid by the purchaser for such shares. There were no issued shares of common stock related to early exercised stock options during the fiscal year ended January 31, 2023 or January 31, 2022. As of January 31, 2023, there were no shares of common stock related to early exercised stock options subject to repurchase. As of January 31, 2022, the number of shares of common stock related to early exercised stock options subject to repurchase was 197,994 shares for $2.2 million. Common stock purchased pursuant to an early exercise of stock options is not deemed to be outstanding for accounting purposes until those shares vest. The Company includes unvested shares subject to repurchase in the number of shares outstanding in the consolidated balance sheets and statements of stockholders’ equity.

Restricted Stock Units

RSUs granted under the 2019 Plan are generally subject to only a service-based vesting condition. The service-based vesting condition is generally satisfied based on one of four vesting schedules: (i) vesting of one-fourth of the RSUs on the first “Company vest date” (defined as March 20, June 20, September 20, or December 20) on or following the one-year anniversary of the vesting commencement date, with the remainder of the RSUs vesting in twelve equal quarterly installments thereafter, subject to continued service, (ii) vesting in sixteen equal quarterly installments, subject to continued service, (iii) vesting in eight equal quarterly installments, subject to continued service, or (iv) vesting in sixteen quarterly installments with 10% in the first year, 15% in the second year, 25% in the third year, and 50% in the fourth year, subject to continued service. The valuation of these RSUs is based solely on the fair value of the Company’s stock on the date of grant.

Total unrecognized stock-based compensation expense related to unvested RSUs was $1.3 billion as of January 31, 2023. This expense is expected to be amortized over a weighted-average vesting period of 2.8 years.

Performance-based Stock Units

PSUs granted under the 2019 Plan are generally subject to both a service-based vesting condition and a performance-based vesting condition. PSUs will vest upon the achievement of specified performance targets and subject to continued service through the applicable vesting dates. The associated compensation cost is recognized over the requisite service period when it is probable that the performance condition will be satisfied.

Total unrecognized stock-based compensation expense related to unvested PSUs was $60.8 million as of January 31, 2023. This expense is expected to be amortized over a weighted-average vesting period of 1.2 years.

Special PSU Awards

In fiscal 2022 the Company’s board of directors granted 655,000 performance stock units (the “Special PSU Awards”) to certain executives under the 2019 Plan. The Special PSU Awards will vest upon the satisfaction of the Company’s achievement of specified stock price hurdles, which are based on the average of the closing stock price per share of the Company’s Class A common stock during any 45 consecutive trading day period during the applicable performance period, and a service-based vesting condition. The service condition applicable to each tranche of the Special PSU Awards will be satisfied in installments as follows, subject to continued employment with the Company through each applicable vesting date: (i) 50% of the Special PSU Awards underlying the applicable tranche will service vest on the first anniversary of the vesting commencement date applicable to such tranche of the Special PSU Awards (i.e., February 1, 2022, February 1, 2023, February 1, 2024, and February 1, 2025) and (ii) the remaining PSUs with respect to such tranche will thereafter service vest in four equal quarterly installments of 12.5%.

The Company measured the fair value of the Special PSU Awards on the grant date using a Monte Carlo simulation valuation model. The risk-free interest rates used were 0.85% - 1.51%, which were based on the zero-coupon-risk-free interest rate derived from the Treasury Constant Maturities yield curve for the expected term of the award on the grant date. The expected volatility was a blended volatility rate of 54.89% - 55.36%, which includes 50% weight on the Company’s historical volatility calculated from daily stock returns over a 2.21 - 2.58 year look-back from the grant date and 50% weight based on the Company’s implied volatility as of the grant date.

Total unrecognized stock-based compensation expense related to the unvested portion of the Special PSU Awards was $66.2 million as of January 31, 2023. This expense is expected to be amortized over a weighted-average vesting period of 2.1 years.

The following table is a summary of RSUs, PSUs, and the Special PSU Awards activities for the fiscal year ended January 31, 2023:


	Number of Shares	Weighted-Average Grant Date Fair Value Per Share
	(in thousands)
RSUs and PSUs outstanding at January 31, 2022	7,886	$	125.04
Granted	6,234	$	172.06
Released	(3,450)	$	106.64
Performance adjustment (1)	99	$	194.15
Forfeited	(719)	$	168.71
RSUs and PSUs outstanding at January 31, 2023	10,050	$	158.08

___________________________

(1) The performance adjustment represents adjustments in shares outstanding due to the actual achievement of performance-based awards, the achievement of which was based upon pre-defined financial performance targets.

Employee Stock Purchase Plan

In May 2019, the board of directors adopted, and the stockholders approved, the CrowdStrike Holdings, Inc. 2019 Employee Stock Purchase Plan (“ESPP”), which became effective on June 10, 2019, which was the business day prior to the effectiveness of the Company’s registration statement on Form S-1 used in connection with the Company’s IPO. A total of 3,500,000 shares of Class A common stock were initially reserved for issuance under the ESPP. The Company’s compensation committee administers the ESPP. The number of shares of common stock available for issuance under the ESPP is subject to an annual increase on the first day of each fiscal year beginning on February 1, 2020, equal to the lesser of: (i) one percent (1%) of the outstanding shares of the Company’s capital stock as of the last day of the immediately preceding

fiscal year or (ii) such other amount as its board of directors may determine. In May 2021, the Company’s compensation committee adopted an amendment and restatement of the ESPP, which was approved by the Company’s stockholders in June 2021. The amended and restated ESPP clarified the original intent that the annual increase will in no event exceed 5,000,000 shares of the Company’s Class A common stock in any year.

The ESPP provides for consecutive offering periods that will typically have a duration of approximately 24 months in length and are comprised of four purchase periods of approximately six months in length. The offering periods are scheduled to start on the first trading day on or after June 11 and December 11 of each year. The first offering period commenced on June 11, 2019 and ended on June 10, 2021.

The ESPP provides eligible employees with an opportunity to purchase shares of the Company’s Class A common stock through payroll deductions of up to 15% of their eligible compensation. A participant may purchase a maximum of 2,500 shares of common stock during a purchase period. Amounts deducted and accumulated by the participant are used to purchase shares of common stock at the end of each six-month purchase period. The purchase price of the shares is 85% of the lower of the fair market value of the Class A common stock on (i) the first trading day of the applicable offering period and (ii) the last trading day of each purchase period in the related offering period. Participants may end their participation at any time during an offering period and will be paid their accrued contributions that have not yet been used to purchase shares of common stock. Participation ends automatically upon termination of employment. The ESPP allows for up to one increase in contribution during each purchase period. If an employee elects to increase his or her contribution, the Company treats this as an accounting modification. The ESPP also offers a two-year look-back feature, as well as a rollover feature that provides for an offering period to be rolled over to a new lower-priced offering if the offering price of the new offering period is less than that of the current offering period. During the fiscal year ended January 31, 2023, there were ESPP rollovers because the Company’s closing stock price on the purchase date was lower than the Company’s closing stock price on the first day of the offering periods. As a result, these offering dates were rolled over to a new 24-month offering period through December 12, 2024. This rollover was accounted for as a modification to the original offerings. The total incremental expense as a result of the rollover and contribution modifications was $58.6 million, which will be recognized over the new or remaining offering periods.

Employee payroll contributions ultimately used to purchase shares are reclassified to Stockholders’ equity on the purchase date. ESPP employee payroll contributions accrued as of January 31, 2023 and January 31, 2022 totaled $17.5 million and $14.8 million, respectively, and are included within Accrued payroll and benefits in the consolidated balance sheets.

The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine the grant-date fair value of the ESPP:

Year Ended January 31,

2023

2022

2021

Expected term (in years)

0.5 – 2.0

Risk-free interest rate

0.1% – 4.7%

0.0% – 1.9%

0.1% – 2.0%

Expected stock price volatility

39.6% – 67.4%

33.0% – 55.9%

30.1% – 54.3%

Dividend yield

—

—%

Stock-Based Compensation Expense

Stock-based compensation expense included in the consolidated statements of operations is as follows (in thousands):


	Year Ended January 31,
	2023		2022		2021

Subscription cost of revenue	$	32,091	$	22,044	$	11,705
Professional services cost of revenue	15,692		10,050		6,005
Sales and marketing	151,919		89,634		50,557
Research and development	174,711		102,027		40,274
General and administrative	152,091		86,197		41,134
Total stock-based compensation expense	$	526,504	$	309,952	$	149,675

Balance Sheet Components

12 Months Ended

Jan. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Balance Sheet Components

Property and Equipment, Net

Property and equipment, net consisted of the following (in thousands):


	January 31,
	2023		2022

Data center and other computer equipment	$	297,585	$	198,297
Capitalized internal-use software and website development costs	113,276		70,476
Leasehold improvements	24,944		22,029
Purchased software	6,384		5,232
Furniture and equipment	7,412		7,291
Construction in progress	259,013		99,030
	708,614		402,355
Less: Accumulated depreciation and amortization	(216,279)		(141,778)
Property and equipment, net	$	492,335	$	260,577

Construction in progress primarily includes data center equipment purchased that has not yet been placed in service. Data center equipment that was purchased but not yet been placed into service was $245.4 million and $89.8 million as of January 31, 2023 and January 31, 2022, respectively.

Depreciation and amortization expense of property and equipment was $77.2 million, $54.4 million, and $38.7 million, during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively.

The Company capitalized $49.3 million, $30.7 million, and $14.0 million in internal-use software and website development costs during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively. Amortization expense associated with internal-use software and website development costs totaled $21.5 million, $12.4 million, and $7.9 million during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively. The net book value of capitalized internal-use software and website development costs was $66.3 million and $38.6 million as of January 31, 2023 and January 31, 2022, respectively.

Intangible Assets, Net

Total intangible assets, net consisted of the following (dollars in thousands):


	January 31, 2023						Weighted-Average Remaining Useful Life
	Gross Carrying Amount		Accumulated Amortization		Net Amount

							(in months)
Developed technology	$	101,452	$	25,866	$	75,586	68
Customer relationships	12,032		3,831		8,201		61
Other acquired intangible assets	4,717		1,615		3,102		147
Total	$	118,201	$	31,312	$	86,889


	January 31, 2022						Weighted-Average Remaining Useful Life
	Gross Carrying Amount		Accumulated Amortization		Net Amount

							(in months)
Developed technology	$	97,668	$	12,000	$	85,668	79
Customer relationships	12,045		1,973		10,072		72
Other acquired intangible assets	2,397		801		1,596		89
Total	$	112,110	$	14,774	$	97,336

Amortization expense of intangible assets was $16.6 million, $12.9 million, and $1.4 million, during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively.

The estimated aggregate future amortization expense of intangible assets as of January 31, 2023 was as follows (in thousands):


	Total
Fiscal 2024	$	16,442
Fiscal 2025	16,357
Fiscal 2026	15,270
Fiscal 2027	13,095
Fiscal 2028	12,582
Thereafter	13,143
Total amortization expense	$	86,889

Goodwill

The changes in goodwill during the fiscal year ended January 31, 2023 consisted of the following (in thousands):


	Amounts
Goodwill as of January 31, 2022	$	416,445
Goodwill acquired (1)	14,239
Goodwill adjustment for the SecureCircle acquisition	81
Foreign currency translation	(120)
Goodwill as of January 31, 2023	$	430,645

__________________________________

(1)Goodwill acquired resulted from the acquisition of Reposify Ltd. Refer to Note 12 for additional information.

Accrued Expenses

Accrued expenses consisted of the following (in thousands):


	January 31,
	2023		2022

Web hosting services	$	65,589	$	23,711
Accrued purchases of property and equipment	20,157		10,878
Accrued professional services	13,281		10,664
Accrued marketing	11,435		9,801
Other accrued expenses	11,247		13,988
Accrued interest expense	10,375		10,375
Accrued partner commissions	5,800		3,965
Accrued expenses	$	137,884	$	83,382

Accrued Payroll and Benefits

Accrued payroll and benefits consisted of the following (in thousands):


	January 31,
	2023		2022

Accrued commissions	$	77,287	$	47,298
Accrued payroll and related expenses	39,907		24,910
Accrued bonuses	34,098		17,591
Employee Stock Purchase Plan	17,475		14,764
Accrued payroll and benefits	$	168,767	$	104,563

In April 2020, the Company began deferring payment on its share of payroll taxes owed, as permitted by the CARES Act, through December 31, 2020. As of January 31, 2023, all applicable payments have been made and there are no deferred payments to be paid. As of January 31, 2022, the Company had deferred $5.1 million of payroll taxes in Other current liabilities.

Revenue, Deferred Revenue and Remaining Performance Obligations - Performance Obligations (Details) $ in Billions	Jan. 31, 2023 USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Transaction price allocated to remaining performance obligation, amount	$ 3.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	63.00%
Remaining performance obligation, period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	36.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-01 \| Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period	13 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-01 \| Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, period	36 months

Income Taxes

12 Months Ended

Jan. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

The Company’s geographical breakdown of its loss before provision for income taxes for the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 is as follows (in thousands):


	Year Ended January 31,
	2023		2022		2021

Domestic	$	(195,042)	$	(179,334)	$	(94,713)
International	35,159		19,311		6,844
Loss before provision for income taxes	$	(159,883)	$	(160,023)	$	(87,869)

The components of the provision for income taxes during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 are as follows (in thousands):


	Year Ended January 31,
	2023		2022		2021

Current
Federal	$	—	$	—	$	—
State	855		611		401
Foreign	20,241		85,700		5,811
Total current	21,096		86,311		6,212
Deferred
Federal	135		(363)		(136)
State	89		(63)		(317)
Foreign	1,082		(13,530)		(999)
Total deferred	1,306		(13,956)		(1,452)
Provision for income taxes	$	22,402	$	72,355	$	4,760

The following table provides a reconciliation between income taxes computed at the federal statutory rate and the provision for income taxes during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 (in thousands):


	As of January 31,
	2023		2022		2021

Provision for income taxes at statutory rate	$	(33,777)	$	(33,605)	$	(18,453)
State income taxes, net of federal benefits	944		673		—
Foreign tax rate differential	11,003		574		1,994
Research and other credits	(19,465)		(19,113)		(9,373)
Stock-based compensation	(47,335)		(145,964)		(140,489)
Non-deductible expenses	2,800		2,783		2,212

Change in valuation allowance	102,892		210,680		168,869
Tax impact of restructuring	5,340		57,236		—
Other	—		(909)		—
Provision for income taxes	$	22,402	$	72,355	$	4,760

The Company recognized income tax expense of $22.4 million, $72.4 million, and $4.8 million for the fiscal years January 31, 2023, January 31, 2022 and January 31, 2021, respectively. The tax expense for the fiscal year ended January 31, 2021 was primarily attributable to pre-tax foreign earnings and withholding taxes related to customer payments in certain foreign jurisdictions in which the Company conducts business. The tax expense for the fiscal years ended January 31, 2023 and January 31, 2022 was primarily attributable to pre-tax foreign earnings, withholding taxes related to customer payments in certain foreign jurisdictions and intercompany sales of intellectual property from acquisitions, whereby the Company transferred acquired intellectual property from the respective foreign subsidiary to the U.S. Although the transfers of the intellectual property between consolidated entities did not result in any gain in the consolidated statements of operations, the Company generated a taxable gain in the respective foreign jurisdiction, resulting in an additional tax expense of $4.7 million and $57.2 million for the fiscal years ended January 31, 2023 and January 31, 2022, respectively.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.

Significant components of the Company’s deferred tax assets and liabilities as of January 31, 2023 and January 31, 2022 are as follows (in thousands):


	As of January 31,
	2023		2022

Deferred tax assets
Net operating loss carryforwards	$	441,352	$	428,238
Research and other credit carryforwards	75,712		56,539
Intangible assets	62,650		61,008
Stock-based compensation	44,861		33,202
Deferred revenue	109,919		34,425
Accrued expenses	17,890		12,550
Operating lease liabilities	13,013		10,144
Capitalized research and development	286,124		154,625
Other, net	—		4,514
Gross deferred assets	1,051,521		795,245
Less: Valuation allowance	(910,070)		(770,861)
Total deferred tax assets	141,451		24,384
Deferred tax liabilities
Property and equipment, net	(24,096)		(8,769)
Capitalized commissions	(99,397)		(1,632)

Operating right-of-use assets	(12,285)		(9,256)

Other, net	(1,220)		—
Total deferred tax liabilities	(136,998)		(19,657)
Net deferred tax assets	$	4,453	$	4,727

At each reporting date, the Company has established a valuation allowance against its U.S. federal and state and U.K.net deferred tax assets due to the uncertainty surrounding the realization of those assets. The Company periodically evaluates the recoverability of the deferred tax assets and, when it is determined to be more-likely-than-not that the deferred tax assets are realizable, the valuation allowance is reduced. During the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, the valuation allowance increased by $139.2 million, $357.0 million, and $206.2 million, respectively. The increases in the valuation allowance during the fiscal years ended January 31, 2023 and January 31, 2022 were primarily driven by losses generated in the U.S. and U.K. As of January 31, 2023, January 31, 2022, and January 31, 2021 the valuation allowance for deferred taxes was $910.1 million, $770.9 million, and $413.8 million, respectively.

As of January 31, 2023, the Company had aggregate federal and California net operating loss carryforwards of $1.6 billion and $248.2 million, respectively, which may be available to offset future taxable income for income tax purposes. The federal and California net operating loss carryforwards begin to expire in fiscal 2031 through fiscal 2043. As of January 31, 2023, net operating loss carryforwards for other states totaled $1.0 billion, which begin to expire in fiscal 2024 through fiscal 2043. As of January 31, 2023, net operating loss carryforwards for the U.K. totaled $80.9 million, which are carried forward indefinitely.

As of January 31, 2023, the Company had federal and California research and development (“R&D”) credit carryforwards of $87.4 million and $18.8 million, respectively. The federal R&D credit carryforwards will begin to expire in fiscal 2035 though fiscal 2043. The California R&D credits are carried forward indefinitely.

The Internal Revenue Code imposes limitations on a corporation’s ability to utilize net operating loss (“NOLs”) and credit carryovers if it experiences an ownership change as defined in Section 382. In general terms, an ownership change may result from transactions increasing the ownership of certain stockholders in the stock of a corporation by more than 50% over a three-year period. If an ownership change has occurred, or were to occur, utilization of the Company’s NOLs and credit carryovers could be restricted. The Company’s net operating losses and credit carryovers are not currently subject to a limitation due to an ownership change.

Total gross unrecognized tax benefits as of January 31, 2023, January 31, 2022, and January 31, 2021 were $36.9 million, $26.3 million, and $24.4 million, respectively. As of January 31, 2023, the Company had $4.2 million of unrecognized tax benefits, which, if recognized, would affect the Company’s effective tax rate due to the full valuation allowance. The Company’s policy is to classify interest and penalties related to unrecognized tax benefits as part of the income tax provision in the consolidated statements of operations. The Company had incurred an insignificant amount of interest and penalties related to unrecognized tax benefits as of January 31, 2023 and January 31, 2022, and did not accrue interest and penalties in prior periods. During the fiscal year ended January 31, 2023, January 31, 2022, and January 31, 2021 the net increase in uncertain tax benefits was a result of research and development credits. The potential change in unrecognized tax benefits during the next 12 months is not expected to be material.

The following is a rollforward of the total gross unrecognized tax benefits for the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 (in thousands):



Balance as of February 1, 2020	$	5,469
Increases in prior period tax positions	6,926
Increases in current period tax positions	12,052
Balance as of January 31, 2021	24,447
Increases in prior period tax positions	186
Decreases in prior period tax positions	(9,772)
Increases in current period tax positions	11,463
Balance as of January 31, 2022	26,324

Decreases in prior period tax positions	(2,122)
Increases in current period tax positions	12,699
Balance as of January 31, 2023	$	36,901

The Company files income tax returns in the U.S. federal, foreign, and various state jurisdictions. Tax years 2011 and onwards remain subject to examination by U.S. taxing authorities due to the Company’s net operating losses and R&D credit carryforwards.

The Company does not provide for federal and state income taxes on the undistributed earnings of its foreign subsidiaries as such earnings are to be reinvested offshore indefinitely. If the Company repatriated these earnings, the tax impact of future distributions of foreign earnings would generally be limited to withholding tax from foreign jurisdictions, and the resulting income tax liability would be insignificant.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Stock-Based Compensation - Fair Value of Options (Details)	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%
Stock options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	3 years 9 months 25 days	3 years 2 months 1 day
Risk-free interest rate	0.60%	0.20%
Expected stock price volatility	36.10%	35.80%
Stock options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	5 years 7 months 17 days	6 years 18 days
Risk-free interest rate	1.00%	0.40%
Expected stock price volatility	37.10%	37.30%
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%	0.00%
Employee Stock Purchase Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 months	6 months	6 months
Risk-free interest rate	0.10%	0.00%	0.10%
Expected stock price volatility	39.60%	33.00%	30.10%
Employee Stock Purchase Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years	2 years	2 years
Risk-free interest rate	4.70%	1.90%	2.00%
Expected stock price volatility	67.40%	55.90%	54.30%

Income Taxes (Tables)

12 Months Ended

Jan. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The Company’s geographical breakdown of its loss before provision for income taxes for the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 is as follows (in thousands):


	Year Ended January 31,
	2023		2022		2021

Domestic	$	(195,042)	$	(179,334)	$	(94,713)
International	35,159		19,311		6,844
Loss before provision for income taxes	$	(159,883)	$	(160,023)	$	(87,869)

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 are as follows (in thousands):


	Year Ended January 31,
	2023		2022		2021

Current
Federal	$	—	$	—	$	—
State	855		611		401
Foreign	20,241		85,700		5,811
Total current	21,096		86,311		6,212
Deferred
Federal	135		(363)		(136)
State	89		(63)		(317)
Foreign	1,082		(13,530)		(999)
Total deferred	1,306		(13,956)		(1,452)
Provision for income taxes	$	22,402	$	72,355	$	4,760

Schedule of Effective Income Tax Rate Reconciliation


	As of January 31,
	2023		2022		2021

Provision for income taxes at statutory rate	$	(33,777)	$	(33,605)	$	(18,453)
State income taxes, net of federal benefits	944		673		—
Foreign tax rate differential	11,003		574		1,994
Research and other credits	(19,465)		(19,113)		(9,373)
Stock-based compensation	(47,335)		(145,964)		(140,489)
Non-deductible expenses	2,800		2,783		2,212

Change in valuation allowance	102,892		210,680		168,869
Tax impact of restructuring	5,340		57,236		—
Other	—		(909)		—
Provision for income taxes	$	22,402	$	72,355	$	4,760

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of January 31, 2023 and January 31, 2022 are as follows (in thousands):


	As of January 31,
	2023		2022

Deferred tax assets
Net operating loss carryforwards	$	441,352	$	428,238
Research and other credit carryforwards	75,712		56,539
Intangible assets	62,650		61,008
Stock-based compensation	44,861		33,202
Deferred revenue	109,919		34,425
Accrued expenses	17,890		12,550
Operating lease liabilities	13,013		10,144
Capitalized research and development	286,124		154,625
Other, net	—		4,514
Gross deferred assets	1,051,521		795,245
Less: Valuation allowance	(910,070)		(770,861)
Total deferred tax assets	141,451		24,384
Deferred tax liabilities
Property and equipment, net	(24,096)		(8,769)
Capitalized commissions	(99,397)		(1,632)

Operating right-of-use assets	(12,285)		(9,256)

Other, net	(1,220)		—
Total deferred tax liabilities	(136,998)		(19,657)
Net deferred tax assets	$	4,453	$	4,727

Schedule of Unrecognized Tax Benefits Roll Forward

The following is a rollforward of the total gross unrecognized tax benefits for the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021 (in thousands):



Balance as of February 1, 2020	$	5,469
Increases in prior period tax positions	6,926
Increases in current period tax positions	12,052
Balance as of January 31, 2021	24,447
Increases in prior period tax positions	186
Decreases in prior period tax positions	(9,772)
Increases in current period tax positions	11,463
Balance as of January 31, 2022	26,324

Decreases in prior period tax positions	(2,122)
Increases in current period tax positions	12,699
Balance as of January 31, 2023	$	36,901

Income Taxes - Geographical Breakdown (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Domestic	$ (195,042)	$ (179,334)	$ (94,713)
International	35,159	19,311	6,844
Loss before provision for income taxes	$ (159,883)	$ (160,023)	$ (87,869)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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+ Details

Net Loss Per Share Attributable to Common Stockholders

12 Months Ended

Jan. 31, 2023

Earnings Per Share [Abstract]

Net Loss Per Share Attributable to Common Stockholders

Basic and diluted net loss per share attributable to CrowdStrike’s common stockholders is computed in conformity with the two-class method required for participating securities. Basic net loss per share attributable to CrowdStrike common stockholders is computed by dividing the net loss attributable to CrowdStrike by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items were antidilutive given the Company’s net loss position in the periods presented.

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 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 loss per share attributable to CrowdStrike common stockholders (in thousands, except per share data):


	Year Ended January 31,
	2023		2022		2021

Numerator:
Net loss attributable to Class A and Class B CrowdStrike common stockholders	$	(183,245)	$	(234,802)	$	(92,629)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Class A and Class B of CrowdStrike common stockholders, basic and diluted	233,139		227,142		217,756
Net loss per share attributable to Class A and Class B CrowdStrike common stockholders, basic and diluted	$	(0.79)	$	(1.03)	$	(0.43)

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


	Year Ended January 31,
	2023	2022	2021

Shares of common stock subject to repurchase from outstanding stock options	—	198	548
RSUs and PSUs subject to future vesting	10,050	7,886	8,449
Shares of common stock issuable from stock options	2,869	3,938	6,646
Share purchase rights under the Employee Stock Purchase Plan	4,481	642	872
Potential common shares excluded from diluted net loss per share	17,400	12,664	16,515

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 $7.9 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. As of January 31, 2023, 86,519 shares were issued to settle founder holdbacks at a weighted average price of $163.82 per share.

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (182,285)	$ (232,378)	$ (92,629)
Other comprehensive income (loss):
Foreign currency translation adjustments	221	(3,559)	2,630
Reversal of unrealized gain upon sale of debt securities, net of tax	0	0	(1,320)
Other comprehensive income (loss)	221	(3,559)	1,310
Less: Comprehensive income attributable to non-controlling interest	960	2,424	0
Total comprehensive loss attributable to CrowdStrike	$ (183,024)	$ (238,361)	$ (91,319)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Description of Business and Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2023

Accounting Policies [Abstract]

Schedules of Concentration of Credit Risk

One direct customer who represented 10% of more of the Company’s accounts receivable as of January 31, 2022 was as follows:


	January 31,
	2023		2022

Customer A	9	%	10	%

Schedule of Property Plant and Equipment, Useful Life

Property and equipment, net, is stated at historical cost less accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the assets as follows:


Data center and other computer equipment			3 – 5 years
Furniture and equipment			5 years
Purchased software			3 – 5 years
Capitalized internal-use software and website development			3 years
Leasehold improvements			Estimated useful life or term of the lease, whichever is shorter

Debt (Details)			12 Months Ended
Debt (Details)	Jan. 06, 2022	Jan. 20, 2021 USD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)	Jan. 31, 2021 USD ($)	Jan. 04, 2021 USD ($)	Apr. 30, 2019 USD ($)
Line of Credit Facility [Line Items]
Proceeds from issuance of Senior Notes, net of debt financing costs			$ 0	$ 0	$ 739,569,000
Interest expense			$ 25,319,000	25,231,000	$ 1,559,000
A&R Credit Agreement
Line of Credit Facility [Line Items]
Minimum consolidated interest coverage ratio			3
Maximum senior secured leverage ratio			3.00
Maximum total leverage ratio			5.50
Maximum total leverage ratio, stepped down			3.50
A&R Credit Agreement \| Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.15%
A&R Credit Agreement \| Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.25%
3.00% Senior Notes \| Senior Notes
Line of Credit Facility [Line Items]
Aggregate principal amount		$ 750,000,000
Stated interest rate		3.00%
Percentage of original principal amount		40.00%
Proceeds from issuance of Senior Notes, net of debt financing costs		$ 738,000,000
Underwriting commissions		9,400,000
Payments of financing costs		$ 2,600,000
Interest expense			$ 24,000,000	24,000,000
Debt instrument, fair value			645,400,000	$ 708,700,000
3.00% Senior Notes \| Senior Notes \| Prior to February 15, 2024 \| Plus "Make Whole" Premium
Line of Credit Facility [Line Items]
Redemption percentage		100.00%
3.00% Senior Notes \| Senior Notes \| Prior to February 15, 2024 \| Proceeds From Equity Offering, Provided Principal Amount of Redemptions Does Not Exceed 40%
Line of Credit Facility [Line Items]
Redemption percentage		103.00%
3.00% Senior Notes \| Senior Notes \| After February 15, 2024
Line of Credit Facility [Line Items]
Redemption percentage		101.50%
3.00% Senior Notes \| Senior Notes \| After February 15, 2025
Line of Credit Facility [Line Items]
Redemption percentage		100.75%
3.00% Senior Notes \| Senior Notes \| After February 15, 2026
Line of Credit Facility [Line Items]
Redemption percentage		100.00%
3.00% Senior Notes \| Senior Notes \| Change of control event
Line of Credit Facility [Line Items]
Redemption percentage		101.00%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity							$ 150,000,000
Line of credit amount outstanding			$ 0
Revolving Credit Facility \| A&R Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 750,000,000
Incremental borrowing capacity						250,000,000
Letter of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity							10,000,000
Letter of Credit \| A&R Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity						100,000,000
Swingline Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity							$ 10,000,000
Swingline Facility \| A&R Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 50,000,000
Alternate Base Rate Loans \| A&R Credit Agreement \| Fed Funds Effective Rate Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Interest rate	0.50%
Alternate Base Rate Loans \| A&R Credit Agreement \| Eurodollar
Line of Credit Facility [Line Items]
Interest rate	1.00%
Alternate Base Rate Loans \| A&R Credit Agreement \| Eurodollar \| Minimum
Line of Credit Facility [Line Items]
Interest rate	(25.00%)
Alternate Base Rate Loans \| A&R Credit Agreement \| Eurodollar \| Maximum
Line of Credit Facility [Line Items]
Interest rate	0.25%

Geographic Information (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	$ 532,271	$ 292,312
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	433,756	256,282
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	67,278	16,845
Other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	$ 31,237	$ 19,185

Net Loss Per Share Attributable to Common Stockholders (Tables)

12 Months Ended

Jan. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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


	Year Ended January 31,
	2023		2022		2021

Numerator:
Net loss attributable to Class A and Class B CrowdStrike common stockholders	$	(183,245)	$	(234,802)	$	(92,629)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Class A and Class B of CrowdStrike common stockholders, basic and diluted	233,139		227,142		217,756
Net loss per share attributable to Class A and Class B CrowdStrike common stockholders, basic and diluted	$	(0.79)	$	(1.03)	$	(0.43)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share


	Year Ended January 31,
	2023	2022	2021

Shares of common stock subject to repurchase from outstanding stock options	—	198	548
RSUs and PSUs subject to future vesting	10,050	7,886	8,449
Shares of common stock issuable from stock options	2,869	3,938	6,646
Share purchase rights under the Employee Stock Purchase Plan	4,481	642	872
Potential common shares excluded from diluted net loss per share	17,400	12,664	16,515

Investments and Fair Value Measurements - Financial Assets and Liabilities (Details) - USD ($)	Jan. 31, 2023	Jan. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 250,000,000	$ 0
Cash equivalents	1,600,000,000	1,000,000,000
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	64,816,000	300,027,000
Money market funds \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	64,752,000	300,027,000
Deferred compensation investments \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other assets	64,000	0
Level 1 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	64,816,000	300,027,000
Level 1 \| Money market funds \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	64,752,000	300,027,000
Level 1 \| Deferred compensation investments \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other assets	64,000	0
Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 2 \| Money market funds \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 2 \| Deferred compensation investments \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other assets	0	0
Level 3 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 3 \| Money market funds \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 3 \| Deferred compensation investments \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other assets	$ 0	$ 0

Balance Sheet Components - Property and Equipment (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 708,614	$ 402,355
Less: Accumulated depreciation and amortization	(216,279)	(141,778)
Property and equipment, net	492,335	260,577
Data center and other computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	297,585	198,297
Capitalized internal-use software and website development costs
Property, Plant and Equipment [Line Items]
Property and equipment, gross	113,276	70,476
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,944	22,029
Purchased software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	6,384	5,232
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,412	7,291
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 259,013	$ 99,030

Geographic Information

12 Months Ended

Jan. 31, 2023

Segment Reporting [Abstract]

Geographic Information

Geographic InformationThe Company’s property and equipment, net and operating lease right-of-use assets, are summarized by geographic area as follows (in thousands):


	January 31,
	2023		2022

United States	$	433,756	$	256,282
Germany	67,278		16,845
Other countries	31,237		19,185
Total property and equipment, net and operating lease right-of-use assets	$	532,271	$	292,312

Investments and Fair Value Measurements

12 Months Ended

Jan. 31, 2023

Fair Value Disclosures [Abstract]

Investments and Fair Value Measurements

The Company follows ASC 820, Fair Value Measurements, with respect to cash equivalents that are measured at fair value on a recurring basis. Under the standard, fair value is defined as the exit price, or the amount that would be received to sell an asset or a liability in an orderly transaction between market participants as of the measurement date. The standard also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are inputs market participants would use in valuing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs are inputs that reflect the Company’s assumptions about the factors market participants would use in valuing the asset or liability based upon the best information available in the circumstances.

The hierarchy is broken down into three levels as follows:

Level 1 Assets and liabilities whose values are based on unadjusted quoted market prices for identical assets and liabilities in active markets

Level 2 Assets and liabilities whose values are based on quoted prices in markets that are not active or inputs that are observable for substantially the full term of the asset or liability

Level 3 Assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement

Categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

The Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis are as follows (in thousands):


	January 31, 2023								January 31, 2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total

Assets (1)
Cash equivalents (2)
Money market funds	$	64,752	$	—	$	—	$	64,752	$	300,027	$	—	$	—	$	300,027


Other assets
Deferred compensation investments	64		—		—		64		—		—		—		—
Total assets	$	64,816	$	—	$	—	$	64,816	$	300,027	$	—	$	—	$	300,027

_______________________________________

(1) $250.0 million of time deposits, which are included in short-term investments, are excluded since they are carried at cost and approximate fair value.

(2) Cash equivalents exclude $1.6 billion of time deposits, which are carried at cost and approximate fair value.

There were no transfers between the levels of the fair value hierarchy during the periods presented.

The following summarizes the net carrying value of the strategic investments, which are Level 3, within the fair value hierarchy (in thousands):


	January 31,
	2023		2022

Total initial cost	$	40,617	$	18,809
Unrealized net gains due to changes in fair value	6,653		4,823

Carrying value	$	47,270	$	23,632

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Commitment and Contingencies

12 Months Ended

Jan. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Purchase Obligations

The Company enters into long-term non-cancelable agreements with providers to purchase data center capacity, such as bandwidth and colocation space, for the Company’s cloud platform. As of January 31, 2023, the Company is committed to spend $179.9 million on such agreements through fiscal 2031. These obligations are included in purchase commitments below.

In the normal course of business, the Company also enters into non-cancelable purchase commitments with various parties to purchase products and services such as advertising, technology, equipment, office renovations, corporate events, and consulting services. A summary of non-cancelable purchase obligations in excess of one year as of January 31, 2023, with expected date of payment is as follows (in thousands):


	Total Commitments

Fiscal 2024	$	78,095
Fiscal 2025	67,422
Fiscal 2026	36,472
Fiscal 2027	28,630
Fiscal 2028	26,279
Thereafter	33,853
Total purchase commitments	$	270,751

In October 2021, the Company entered into a new private pricing addendum with Amazon Web Services (“AWS”), which provides the Company with cloud computing infrastructure. Under the new pricing addendum, the minimum commitment is $600 million of cloud services from AWS through September 2026. As of January 31, 2023, the Company had utilized $297.6 million of this commitment. The remaining commitment is excluded from the table above, and the Company expects to meet its remaining commitment with AWS.

Letters of Credit

As of January 31, 2023 and January 31, 2022, the Company had unused standby letters of credit for $0.4 million securing its facility in Sunnyvale, California, and $0.8 million securing its principal executive offices in Austin, Texas.

Litigation

In June 2022, the Company and Fair Isaac Corporation (“FICO”) resolved a trademark dispute that was pending before the Trademark Trial and Appellate Board (“TTAB”) at the U.S. Patent and Trademark Office. The TTAB dismissed all proceedings between the parties in July 2022.

In March 2022, Webroot, Inc. and Open Text, Inc. (collectively, “Webroot”) filed a lawsuit against the Company and CrowdStrike, Inc. in federal court in the Western District of Texas alleging that certain of the Company’s products infringe six patents held by them. In the complaint, Webroot sought unspecified damages, attorneys’ fees, and a permanent injunction. In May 2022, CrowdStrike, Inc. asserted counterclaims alleging that certain of Webroot’s products infringe two of its patents. In the filing, CrowdStrike, Inc. sought unspecified damages, reasonable fees and costs, and a permanent injunction. In September 2022, Webroot amended its complaint to assert six additional patents. The Company intends to vigorously defend against Webroot’s allegations. As of January 31, 2023, the Company is unable to predict the outcome of Webroot’s claims or reasonably estimate a loss or a range of loss.

In addition, the Company is involved in various other legal proceedings and subject to claims that arise in the ordinary course of business. For any claims for which the Company believes a liability is both probable and reasonably estimable, the Company records a liability in the period for which it makes this determination. There is no pending or threatened legal proceeding to which the Company is a party that, in the Company’s opinion, is reasonably possible to have a material effect on its consolidated financial statements; however, the results of litigation and claims are inherently unpredictable. Regardless of the outcome, litigation can have an adverse impact on the Company’s business because of defense and settlement costs, diversion of management resources, and other factors. In addition, the costs of litigation and the timing of these costs from

period to period are difficult to estimate, subject to change and could adversely affect the Company’s consolidated financial statements.

Warranties and Indemnification

The Company’s cloud computing services are typically warranted to perform in a manner consistent with general industry standards that are reasonably applicable and materially in accordance with the Company’s online help documentation under normal use and circumstances.

The Company’s arrangements generally include certain provisions for indemnifying customers against liabilities if its products or services infringe a third party’s intellectual property rights. In addition, for its Falcon Complete customers, the Company offers a limited warranty, subject to certain conditions, to cover certain costs incurred by the customer in case of a cybersecurity breach. The Company has entered into an insurance policy to reduce its potential liability arising from this limited warranty arrangement. To date, the Company has not incurred any material costs because of such obligations and has not accrued any liabilities related to such obligations in the consolidated financial statements.

The Company has also agreed to indemnify its directors and certain executive officers for costs associated with any fees, expenses, judgments, fines, and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that would generally enable the Company to recover a portion of any future amounts paid. The Company may also be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions. No liabilities have been accrued associated with this indemnification provision as of January 31, 2023 or January 31, 2022.

Stock-Based Compensation - Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 526,504	$ 309,952	$ 149,675
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	151,919	89,634	50,557
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	174,711	102,027	40,274
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	152,091	86,197	41,134
Subscription cost of revenue \| Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	32,091	22,044	11,705
Professional services cost of revenue \| Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 15,692	$ 10,050	$ 6,005

Description of Business and Significant Accounting Policies - Concentration of Credit Risk (Details)	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Customer A \| Customer Concentration Risk \| Accounts Receivable
Concentration Risk [Line Items]
Concentration risk, percentage	9.00%	10.00%

Description of Business and Significant Accounting Policies - Property and Equipment, Net (Details)	12 Months Ended
	Jan. 31, 2023
Furniture and equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years
Capitalized internal-use software and website development
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum \| Data center and other computer equipment
Property, Plant and Equipment [Line Items]
Useful life	3 years
Minimum \| Purchased software
Property, Plant and Equipment [Line Items]
Useful life	3 years
Maximum \| Data center and other computer equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years
Maximum \| Purchased software
Property, Plant and Equipment [Line Items]
Useful life	5 years

Net Loss Per Share Attributable to Common Stockholders - Computation of Basic and Diluted Stock (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Numerator:
Net loss attributable to Class A and Class B CrowdStrike common stockholders	$ (183,245)	$ (234,802)	$ (92,629)
Denominator:
Weighted-average shares used in computing net loss per share attributable to Class A and Class B of CrowdStrike common stockholders, basic (in shares)	233,139	227,142	217,756
Weighted-average shares used in computing net loss per share attributable to Class A and Class B of CrowdStrike common stockholders, diluted (in shares)	233,139	227,142	217,756
Net loss per share attributable to Class A and Class B CrowdStrike common stockholders, Basic (in dollars per share)	$ (0.79)	$ (1.03)	$ (0.43)
Net loss per share attributable to Class A and Class B CrowdStrike common stockholders, Diluted (in dollars per share)	$ (0.79)	$ (1.03)	$ (0.43)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Net Loss Per Share Attributable to Common Stockholders - Antidilutive (Details) - shares shares in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share (in shares)	17,400	12,664	16,515
Shares of common stock subject to repurchase from outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share (in shares)	0	198	548
RSUs and PSUs subject to future vesting
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share (in shares)	10,050	7,886	8,449
Shares of common stock issuable from stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share (in shares)	2,869	3,938	6,646
Share purchase rights under the Employee Stock Purchase Plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potential common shares excluded from diluted net loss per share (in shares)	4,481	642	872

Commitment and Contingencies (Tables)

12 Months Ended

Jan. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Recorded Unconditional Purchase Obligations

A summary of non-cancelable purchase obligations in excess of one year as of January 31, 2023, with expected date of payment is as follows (in thousands):


	Total Commitments

Fiscal 2024	$	78,095
Fiscal 2025	67,422
Fiscal 2026	36,472
Fiscal 2027	28,630
Fiscal 2028	26,279
Thereafter	33,853
Total purchase commitments	$	270,751

Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
Leases - Lease Cost (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Leases [Abstract]
Operating lease cost	$ 11,084	$ 11,262	$ 10,308
Short-term lease cost	2,344	1,918	1,957
Variable lease cost	8,279	4,874	3,007
Total lease cost	$ 21,707	$ 18,054	$ 15,272

Debt	12 Months Ended
Debt	Jan. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt Secured Revolving Credit Facility In April 2019, the Company entered into a Credit Agreement with Silicon Valley Bank and other lenders, to provide a revolving line of credit of up to $150.0 million, including a letter of credit sub-facility in the aggregate amount of $10.0 million, and a swingline sub-facility in the aggregate amount of $10.0 million. On January 4, 2021, the Company amended and restated its existing credit agreement (the “A&R Credit Agreement” and the facility thereunder the “Revolving Facility”) among CrowdStrike, Inc., as borrower, CrowdStrike Holdings, Inc., as guarantor, and Silicon Valley Bank and the other lenders party thereto, providing the Company with a revolving line of credit of up to $750.0 million, including a letter of credit sub-facility in the aggregate amount of $100.0 million, and a swingline sub-facility in the aggregate amount of $50.0 million. The Company also has the option to request an incremental facility of up to an additional $250.0 million from one or more of the lenders under the A&R Credit Agreement. The A&R Credit Agreement is guaranteed by all of the Company’s material domestic subsidiaries. The A&R Credit Agreement extended the maturity date of April 19, 2022 to January 2, 2026. On January 6, 2022, the Company modified the A&R Credit Agreement (the “Amended A&R Credit Agreement”) among CrowdStrike, Inc., as borrower, CrowdStrike Holdings, Inc., as guarantor, and Silicon Valley Bank and the other lenders party thereto. There were no changes to the borrowing amounts or maturity date. Under the Amended A&R Credit Agreement, revolving loans are Alternate Base Rate (“ABR”) Loans. Outstanding ABR Loans incur interest at the highest of (a) the Prime Rate, as published by the Wall Street Journal, (b) the federal funds rate in effect on such day plus 0.50%, and (c) the Term Secured Overnight Finance Rate (the “Term SOFR”) for a one-month tenor in effect on such day plus 1.00%, in each case plus a margin between (0.25)% and 0.25%, depending on the senior secured leverage ratio. The Company will be charged a commitment fee of 0.15% to 0.25% per year for committed but unused amounts, depending on the senior secured leverage ratio. The financial covenants require the Company to maintain a minimum consolidated interest coverage ratio of 3.00:1.00, a maximum senior secured leverage ratio of 3.00:1.00 (through January 31, 2023), and a maximum total leverage ratio of 5.50:1.00 stepping down to 3.50:1.00 over time. The Company was in compliance with all of its financial covenants as of January 31, 2023. The Amended A&R Credit Agreement is secured by substantially all of the Company’s current and future consolidated assets, property and rights, including, but not limited to, intellectual property, cash, goods, equipment, contractual rights, financial assets, and intangible assets of the Company and certain of its subsidiaries. The Amended A&R Credit Agreement contains customary covenants limiting the Company’s ability and the ability of its subsidiaries to, among other things, dispose of assets, undergo a change in control, merge or consolidate, make acquisitions, incur debt, incur liens, pay dividends, repurchase stock, and make investments, in each case subject to certain exceptions. No amounts were outstanding under the Amended A&R Credit Agreement as of January 31, 2023. Senior Notes On January 20, 2021, the Company issued $750.0 million in aggregate principal amount of 3.00% Senior Notes maturing in February 2029. The Senior Notes are guaranteed by the Company’s subsidiary, CrowdStrike, Inc. and will be guaranteed by each of the Company’s existing and future domestic subsidiaries that becomes a borrower or guarantor under the A&R Credit Agreement. The Senior Notes were issued at par and bear interest at a rate of 3.00% per annum. Interest payments are payable semiannually on February 15 and August 15 of each year, commencing on August 15, 2021. The Company may voluntarily redeem the Senior Notes, in whole or in part, 1) at any time prior to February 15, 2024 at (a) 100.00% of their principal amount, plus a “make whole” premium or (b) with the net cash proceeds received from an equity offering at a redemption price equal to 103.00% of the principal amount, provided the aggregate principal amount of all such redemptions does not to exceed 40% of the original aggregate principal amount of the Senior Notes; 2) at any time on or after February 15, 2024 at a prepayment price equal to 101.50% of the principal amount; 3) at any time on or after February 15, 2025 at a prepayment price equal to 100.75% of the principal amount; and 4) at any time on or after February 15, 2026 at a prepayment price equal to 100.00% of the principal amount; in each case, plus accrued and unpaid interest, if any, to but excluding, the date of redemption. The net proceeds from the debt offering were $738.0 million after deducting the underwriting commissions of $9.4 million and $2.6 million of issuance costs. The debt issuance costs are being amortized to interest expense using the effective interest method over the term of the Senior Notes. Interest expense related to contractual interest expense, amortization of debt issuance costs, and accretion of debt discount was $24.0 million during both fiscal years ended January 31, 2023 and January 31, 2022. In certain circumstances involving a change of control event, the Company will be required to make an offer to repurchase all or, at the holder’s option, any part, of each holder’s notes of that series at 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. The indenture governing the Senior Notes (the “Indenture”) contain covenants limiting the Company’s ability and the ability of its subsidiaries to create liens on certain assets to secure debt; grant a subsidiary guarantee of certain debt without also providing a guarantee of the Senior Notes; declare dividends; and consolidate or merge with or into, or sell or otherwise dispose of all or substantially all of its assets to, another person. These covenants are subject to a number of limitations and exceptions. Certain of these covenants will not apply during any period in which the notes are rated investment grade by Fitch Ratings, Inc. (“Fitch”), Moody’s Investors Service, Inc. (“Moody’s”), and Standard & Poor’s Ratings Services (“S&P”). As of January 31, 2023, the Company was in compliance with all of its financial covenants under the Indenture associated with the Senior Notes. Based on the trading prices of the Senior Notes, the fair value of the Senior Notes was approximately $645.4 million and $708.7 million as of January 31, 2023 and January 31, 2022, respectively. While the Senior Notes are recorded at cost, the fair value of the Senior Notes was determined based on quoted prices in markets that are not active; accordingly, the Senior Notes are categorized as Level 2 for purposes of the fair value measurement hierarchy.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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+ Details

Consolidated Statements of Stockholders’ Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interest
Beginning balance (in shares) at Jan. 31, 2020		212,948
Beginning balance at Jan. 31, 2020	$ 742,607	$ 106	$ 1,378,479	$ (637,487)	$ 1,009	$ 500
Stockholders' Deficit
Issuance of common stock upon exercise of options (in shares)		7,752
Issuance of common stock upon exercise of options	28,831	$ 6	28,825
Issuance of common stock under RSU and PSU release (in shares)		1,994
Issuance of common stock under employee stock purchase plan (in shares)		1,030
Issuance of common stock under employee stock purchase plan	34,263		34,263
Vesting of early exercised options	3,318		3,318
Stock-based compensation expense	149,375		149,375
Capitalized stock-based compensation	3,686		3,686
Fair value of replacement equity awards attributable to pre-acquisition service	313		313
Net income (loss)	(92,629)			(92,629)
Non-controlling interest	800					800
Other comprehensive income (loss)	1,310				1,310
Ending balance (in shares) at Jan. 31, 2021		223,724
Ending balance at Jan. 31, 2021	871,874	$ 112	1,598,259	(730,116)	2,319	1,300
Stockholders' Deficit
Issuance of common stock upon exercise of options (in shares)		2,598
Issuance of common stock upon exercise of options	15,899	$ 1	15,898
Issuance of common stock under RSU and PSU release (in shares)		3,408
Issuance of common stock under RSU and PSU release	0	$ 2	(2)
Issuance of common stock under employee stock purchase plan (in shares)		904
Issuance of common stock under employee stock purchase plan	50,277		50,277
Issuance of common stock for restricted stock awards		57
Vesting of early exercised options	3,165		3,165
Stock-based compensation expense	305,792		305,792
Capitalized stock-based compensation	10,879		10,879
Fair value of replacement equity awards attributable to pre-acquisition service	4,011		4,011
Net income (loss)	(232,378)			(234,802)		2,424
Non-controlling interest	8,155					8,155
Other comprehensive income (loss)	(3,559)				(3,559)
Issuance of common stock for founders holdbacks related to acquisitions (in shares)		15
Issuance of common stock for founders holdbacks related to acquisitions	3,528		3,528
Ending balance (in shares) at Jan. 31, 2022		230,706
Ending balance at Jan. 31, 2022	$ 1,037,643	$ 115	1,991,807	(964,918)	(1,240)	11,879
Stockholders' Deficit
Issuance of common stock upon exercise of options (in shares)	1,032	1,032
Issuance of common stock upon exercise of options	$ 8,655	$ 3	8,652
Issuance of common stock under RSU and PSU release (in shares)		3,444
Issuance of common stock under employee stock purchase plan (in shares)		517
Issuance of common stock under employee stock purchase plan	59,419		59,419
Issuance of common stock for restricted stock awards		6
Vesting of early exercised options	2,204		2,204
Stock-based compensation expense	519,735		519,735
Capitalized stock-based compensation	20,193		20,193
Fair value of replacement equity awards attributable to pre-acquisition service	50		50
Net income (loss)	(182,285)			(183,245)		960
Non-controlling interest	10,954					10,954
Other comprehensive income (loss)	221				221
Issuance of common stock for founders holdbacks related to acquisitions (in shares)		72
Issuance of common stock for founders holdbacks related to acquisitions	10,645		10,645
Ending balance (in shares) at Jan. 31, 2023		235,777
Ending balance at Jan. 31, 2023	$ 1,487,434	$ 118	$ 2,612,705	$ (1,148,163)	$ (1,019)	$ 23,793

Investments and Fair Value Measurements - Strategic Investments (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Fair Value Disclosures [Abstract]
Total initial cost	$ 40,617	$ 18,809
Unrealized net gains due to changes in fair value	6,653	4,823
Carrying value	$ 47,270	$ 23,632

Consolidated Balance Sheets - USD ($)	Jan. 31, 2023	Jan. 31, 2022
Current assets:
Cash and cash equivalents	$ 2,455,369,000	$ 1,996,633,000
Short-term investments	250,000,000	0
Accounts receivable, net of allowance for credit losses of $2.6 million and $1.6 million as of January 31, 2023 and January 31, 2022, respectively	626,181,000	368,145,000
Deferred contract acquisition costs, current	186,855,000	126,822,000
Prepaid expenses and other current assets	121,862,000	79,352,000
Total current assets	3,640,267,000	2,570,952,000
Strategic investments	47,270,000	23,632,000
Property and equipment, net	492,335,000	260,577,000
Operating lease right-of-use assets	39,936,000	31,735,000
Deferred contract acquisition costs, noncurrent	260,233,000	192,358,000
Goodwill	430,645,000	416,445,000
Intangible assets, net	86,889,000	97,336,000
Other long-term assets	28,965,000	25,346,000
Total assets	5,026,540,000	3,618,381,000
Current liabilities:
Accounts payable	45,372,000	47,634,000
Accrued expenses	137,884,000	83,382,000
Accrued payroll and benefits	168,767,000	104,563,000
Operating lease liabilities, current	13,046,000	9,820,000
Deferred revenue	1,727,484,000	1,136,502,000
Other current liabilities	16,519,000	24,929,000
Total current liabilities	2,109,072,000	1,406,830,000
Long-term debt	741,005,000	739,517,000
Deferred revenue, noncurrent	627,629,000	392,819,000
Operating lease liabilities, noncurrent	29,567,000	25,379,000
Other liabilities, noncurrent	31,833,000	16,193,000
Total liabilities	3,539,106,000	2,580,738,000
Commitments and contingencies (Note 9)
Stockholders’ Equity
Preferred stock, $0.0005 par value; 100,000 shares authorized as of January 31, 2023 and January 31, 2022; no shares issued and outstanding as of January 31, 2023 and January 31, 2022	0	0
Class A common stock, $0.0005 par value; 2,000,000 shares authorized as of January 31, 2023 and January 31, 2022; 222,759 shares, and 209,996 shares issued and outstanding as of January 31, 2023 and January 31, 2022, respectively; Class B common stock, $0.0005 par value; 300,000 shares authorized as of January 31, 2023 and January 31, 2022; 13,018 shares, and 20,710 shares issued and outstanding as of January 31, 2023 and January 31, 2022, respectively	118,000	115,000
Additional paid-in capital	2,612,705,000	1,991,807,000
Accumulated deficit	(1,148,163,000)	(964,918,000)
Accumulated other comprehensive loss	(1,019,000)	(1,240,000)
Total CrowdStrike Holdings, Inc. stockholders’ equity	1,463,641,000	1,025,764,000
Non-controlling interest	23,793,000	11,879,000
Total stockholders’ equity	1,487,434,000	1,037,643,000
Total liabilities and stockholders’ equity	$ 5,026,540,000	$ 3,618,381,000

Description of Business and Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2023

Accounting Policies [Abstract]

Basis of Presentation

The accompanying consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”). Certain prior year information has been reclassified to conform to the current year presentation. These reclassifications had no effect on previously reported results of operations or accumulated deficit.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the Company’s consolidated financial statements and accompanying notes. These estimates are based on information available as of the date of the consolidated financial statements. On a regular basis, management evaluates these estimates and assumptions. Actual results may differ from these estimates and such differences could be material to the Company’s consolidated financial statements.

Estimates and assumptions used by management include, but are not limited to, revenue recognition, the allowance for credit losses, the useful lives of long-lived assets, the fair values of strategic investments, the period of benefit for deferred contract acquisition costs, the discount rate used for operating leases, the recognition and disclosure of contingent liabilities, income taxes, stock-based compensation, and the fair value of assets acquired and liabilities assumed in business combinations.

Concentration of Credit Risk and Geographic Information

The Company generates revenue from the sale of subscriptions to access its cloud platform and professional services. The Company’s sales team, along with its channel partner network of system integrators and value-added resellers (collectively, “channel partners”), sells the Company’s services worldwide to organizations of all sizes.

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash, cash equivalents, short-term investments, accounts receivable, and strategic investments. The Company’s cash is placed with high-credit-quality financial institutions and issuers, and at times exceed federally insured limits. The Company has not experienced any credit loss relating to its cash, cash equivalents, short-term investments, or strategic investments. The Company performs periodic credit evaluations of its customers and generally does not require collateral.

Cash Equivalents and Short-term Investments

The Company considers all highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents. Cash equivalents are mainly comprised of time deposits and money market funds. The Company had $1.6 billion and $1.0 billion of cash equivalents as of January 31, 2023 and January 31, 2022, respectively.

Short-term investments consist of time deposits with original maturities greater than three months but less than one year. The Company had $250.0 million of short-term investments as of January 31, 2023 and no short-term investments as of January 31, 2022.

Strategic Investments

In July 2019, the Company agreed to commit up to $10.0 million to a newly formed entity, CrowdStrike Falcon Fund LLC (the “Original Falcon Fund”) in exchange for 50% of the sharing percentage of any distributions by the Original Falcon Fund. In December 2021, the Company agreed to commit an additional $50.0 million to a newly formed entity, CrowdStrike Falcon Fund II LLC (“Falcon Fund II”) in exchange for 50% of the sharing percentage of any distributions by Falcon Fund II. Further, entities associated with Accel also agreed to commit up to $10.0 million and $50.0 million, respectively, to the Original Falcon Fund and Falcon Fund II (collectively, the “Falcon Funds”), and collectively own the remaining 50% of the sharing percentage of the Falcon Funds. Both Falcon Funds are in the business of purchasing, selling, and investing in minority equity and convertible debt securities of privately-held companies that develop applications that have potential for substantial contribution to CrowdStrike and its platform. The Company is the manager of the Falcon Funds and controls the investment decisions and day-to-day operations and accordingly has consolidated each of the Falcon Funds. Each Falcon Fund has a duration of ten years and may be extended for three additional years. At dissolution, the Falcon Funds will be liquidated, and the remaining assets will be distributed to the investors based on their respective sharing percentage.

The Company elected the measurement alternative for the non-marketable equity investments of the Falcon Funds where eligible. Under the measurement alternative, the non-marketable equity investments are measured at cost, less any impairment, plus or minus adjustments resulting from price changes from observable transactions of identical or similar securities of the same issuer. All gains and losses on strategic investments, realized and unrealized, are recognized in Other income (expense), net. Strategic investments are classified within Level 3 in the fair value hierarchy as these investments do not have readily determinable market values. The carrying amount of strategic investments is adjusted based on observable price changes from observable transactions of identical or similar securities of the same issuer and other unobservable inputs including volatility, rights, and obligations of the investments, or by impairments when identified events and circumstances indicate a decline in value has occurred.

The Company classifies the investments in the Falcon Funds as a non-current asset called Strategic investments on the consolidated balance sheets. The Company has recognized a net unrealized gain for its portion of ownership of the strategic investments in the amount of $1.0 million and $2.4 million during the fiscal years ended January 31, 2023 and and January 31, 2022, respectively. Net unrealized gain attributable to non-controlling interest was $1.0 million and $2.4 million during the fiscal years ended January 31, 2023 and January 31, 2022, respectively.

Fair Value of Financial Instruments

The Company’s financial instruments consist of cash equivalents, short-term investments, strategic investments, accounts receivable, accounts payable, accrued expenses, the Senior Notes, and investments for the Company’s deferred compensation plan. The carrying values of cash equivalents, short-term investments, accounts receivable, accounts payable, and accrued expenses approximate fair value due to their short-term nature. If these financial instruments were measured at fair value in the consolidated financial statements, cash equivalents, accounts receivable, accounts payable, accrued expenses and investments for the Company’s deferred compensation plan would be classified as Level 1 and short-term investments would be classified as Level 2. The Senior Notes are carried at the initially allocated liability value less unamortized debt discount and issuance

costs on the Company’s consolidated balance sheets. The Company discloses the fair value of the Senior Notes at each reporting period for disclosure purposes only. The Company's investments related to the deferred compensation plan are invested within a Rabbi Trust. Participants in the deferred compensation plan may select the securities in which their compensation deferrals are invested within the confines of the Rabbi Trust. These securities are marked-to-market each reporting period. Refer to Note 2, Investments and Fair Value Measurements, regarding the fair value of the Company’s non-marketable securities and deferred compensation investments and Note 4, Debt, for the fair value of the Company’s Senior Notes.

Accounts Receivable

Accounts Receivable Accounts receivable are recorded at the invoiced amount and are non-interest bearing. Accounts receivable are stated at their net realizable value, net of the allowance for credit losses. The Company has a well-established collections history from its customers. Credit is extended to customers based on an evaluation of their financial condition and other factors. The Company generally does not require collateral from its customers; however, the Company may require payment prior to commencing service in certain instances to limit credit risk. The Company regularly reviews the adequacy of the allowance for credit losses by considering various factors including the age of each outstanding invoice, each customer’s expected ability to pay, historical loss rates, and expectations of forward-looking loss estimates to determine whether the allowance is appropriate. Amounts deemed uncollectible are written off against the allowance for credit losses.

Segment Information

Segment InformationThe Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM reviews financial information presented on a consolidated basis for the purposes of allocating resources and evaluating financial performance. Accordingly, management has determined that the Company operates as one operating and reportable segment.

Business Combinations

The Company allocates the purchase price of acquired companies to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill. The purchase price allocation process requires management to make significant estimates and assumptions with respect to intangible assets. Although the Company believes the assumptions and estimates it has made are reasonable, they are based in part on historical experience, market conditions, and information obtained from management of the acquired companies and are inherently uncertain. Examples of judgments used to estimate the fair value of intangibles assets include, but are not limited to, future expected cash flows, expected customer attrition rates, estimated obsolescence rates, and discount rates. These estimates are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. During the measurement period, which is one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded in the consolidated statements of operations.

Goodwill and Intangible Assets

The Company evaluates and tests goodwill for impairment at least annually, on January 31, or more frequently if circumstances indicate that goodwill may not be recoverable. A qualitative assessment is performed to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of its one reporting unit is less than its carrying value. In assessing the qualitative factors, the Company considers the impact of certain key factors including macroeconomic conditions, industry and market considerations, management turnover, changes in regulation, litigation matters, changes in enterprise value, and overall financial performance. If the Company determines it is more likely than not that the fair value of its one reporting unit is less than its carrying value, a quantitative test is performed by estimating the fair value of its reporting unit, including goodwill, and comparing it to its carrying value. If the fair value is lower than the carrying value, the excess is recognized as an impairment loss. No impairment losses were recorded during the fiscal years ended January 31, 2023, January 31, 2022, or January 31, 2021. See Note 3, Balance Sheet Components, and Note 12, Acquisitions, to the consolidated financial statements for more information.

Acquired intangible assets mainly consisting of developed technology and customer relationships, are stated at fair value at the acquisition date and are amortized on a straight-line basis over their estimated economic lives, which are generally one to 20 years. The Company reviews the carrying amounts of intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The impairment to be recognized equals the amount by which the carrying value of the asset exceeds its fair value. No impairment indicators were identified by the Company and no impairment losses were recorded by the Company during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021.

Property and Equipment, Net


Data center and other computer equipment			3 – 5 years
Furniture and equipment			5 years
Purchased software			3 – 5 years
Capitalized internal-use software and website development			3 years
Leasehold improvements			Estimated useful life or term of the lease, whichever is shorter

Expenditures for routine maintenance and repairs are charged to operating expense as incurred. Major renewals and improvements are capitalized and depreciated over their estimated useful lives.

The Company reviews for impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of the asset (or asset group) may not be recoverable. Events and changes in circumstances considered by the Company in determining whether the carrying value of long-lived assets may not be recoverable, include, but are not limited to, significant changes in performance relative to expected operating results, significant changes in the use of the assets, significant negative industry or economic trends, and changes in the Company’s business strategy. Impairment testing is performed at an asset level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (an “asset group”). An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset (or asset group) and its eventual disposition are less than its carrying amount. No impairment indicators were identified by the Company and no impairment losses were recorded by the Company during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021.

Capitalized Internal-Use Software and Website Development Costs

The Company capitalizes certain development costs incurred in connection with its internal-use software and website development. These capitalized costs are primarily related to the Company’s cloud-delivered solution for next-generation endpoint protection, as well as redefining, redesigning, and rebuilding crowdstrike.com. Costs incurred in the preliminary stages of development are expensed as incurred. Once an application has reached the development stage, internal and external costs, if direct, are capitalized until the internal-use software and website are substantially complete and ready for their intended use. The Company contracts with third party information technology providers for various service arrangements including software, platform, and information technology infrastructure. The Company capitalizes the implementation costs incurred to develop or obtain internal-use software in such arrangements, which are recorded as part of property and equipment, net in the consolidated balance sheets. All capitalized implementation costs are amortized over the term of the arrangement, which includes reasonably certain renewals. Costs incurred during the preliminary project and post-implementation stages are expensed as the activities are performed.

Capitalization ceases upon completion of all substantial testing. The Company also capitalizes costs related to specific upgrades and enhancements when it is probable the expenditures will result in additional functionality. Capitalized costs are recorded as property and equipment, net. Maintenance and training costs are expensed as incurred. Internal-use software and website development costs are amortized to cost of revenue on a straight-line basis over its estimated useful life of three years. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets.

Deferred Contract Acquisition Costs

Under ASC 340-40, Other Assets and Deferred Costs - Contracts with Customers, the Company capitalizes contract acquisition costs that are incremental to the acquisition of customer contracts. Contract acquisition costs are accrued and capitalized upon execution of the sales contract by the customer. Sales commissions for renewal of a contract are not considered commensurate with the commissions paid for the acquisition of the initial contract or follow-on upsell given the substantive difference in commission rates in proportion to their respective contract values. Commissions, including referral fees paid to referral partners, earned upon the initial acquisition of a contract or subsequent upsell are amortized over an estimated period of benefit of four years while commissions earned for renewal contracts are amortized over the contractual term of the renewals. Sales commissions associated with professional service contracts are amortized ratably over an estimated period of benefit of eight months.

Deferred Revenue

The deferred revenue balance consists of subscription and professional services, which have been invoiced upfront, and are recognized as revenue only when the revenue recognition criteria are met. The Company’s subscription contracts are typically invoiced to its customers at the beginning of the term, or in some instances, such as in multi-year arrangements, in installments. Professional services are invoiced upfront, invoiced in installments, or invoiced as the services are performed. Accordingly, the Company’s deferred revenue balance does not include revenue for future years of multi-year non-cancellable contracts that have not yet been billed.

The Company recognizes subscription revenue ratably over the contract term beginning on the commencement date of each contract, the date that services are made available to customers. The Company recognizes professional services revenue as services are delivered. Once services are available to customers, the Company records amounts due in accounts receivable and in deferred revenue. To the extent the Company bills customers in advance of the contract commencement date, the accounts receivable and corresponding deferred revenue amounts are netted to zero on the consolidated balance sheets, unless such amounts have been paid as of the balance sheet date.

Revenue Recognition

In accordance with ASU 2014-09, Revenue from Contracts with Customers (“ASC 606”), revenue is recognized when a customer obtains control of promised services. The amount of revenue recognized reflects the consideration that the Company expects to be entitled to receive in exchange for these services. To achieve the core principle of this standard, the Company applies the following five steps:

(1)Identify the contract with a customer

The Company considers the terms and conditions of contracts with customers and its customary business practices in identifying contracts under ASC 606. The Company determines it has a contract with a customer when the contract is approved, each party’s rights regarding the services to be transferred can be identified, payment terms for the services can be identified, it has been determined that the customer has the ability and intent to pay, and the contract has commercial substance. The Company applies judgment in determining the customer’s ability and intent to pay, which is based on a variety of factors, including the customer’s historical payment experience or, in the case of a new customer, credit and financial information pertaining to the customer.

(2)Identify the performance obligations in the contract

Performance obligations promised in a contract are identified based on the services that will be transferred to the customer that are both capable of being distinct, whereby the customer can benefit from the service either on its own or together with other resources that are readily available from the Company or from third parties, and are distinct in the context of the contract, whereby the transfer of the services is separately identifiable from other promises in the contract. The Company’s performance obligations consist of (i) subscriptions and (ii) professional services.

(3)Determine the transaction price

The transaction price is determined based on the consideration to which the Company is expected to be entitled in exchange for transferring services to the customer. Variable consideration is included in the transaction price if it is probable that a significant future reversal of cumulative revenue under the contract will not occur. None of the Company’s contracts contain a significant financing component.

(4)Allocate the transaction price to performance obligations in the contract

If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on a relative standalone selling price (“SSP”).

(5)Recognize revenue when or as performance obligations are satisfied

Revenue is recognized at the time the related performance obligation is satisfied by transferring the promised service to the customer. Revenue is recognized when control of the services is transferred to the customer, in an amount that reflects the consideration expected to be received in exchange for those services. The Company generates all its revenue from contracts with customers.

Subscription Revenue

The Company’s Falcon Platform technology solutions are subscription SaaS offerings designed to continuously monitor, share, and mitigate risks from determined attackers. Customers do not have the right to take possession of the cloud-based software platform. Fees are based on several factors, including the solutions subscribed for by the customer and the number of endpoints purchased by the customer. The subscription fees are typically payable within 30 to 60 days after the execution of the arrangement, and thereafter upon renewal or subsequent installment. The Company initially records the subscription fees as deferred revenue and recognizes revenue on a straight-line basis over the term of the agreement.

The typical subscription term is one to three years. The Company’s contracts with customers typically include a fixed amount of consideration and are generally non-cancellable and without any refund-type provisions. Customers typically have the right to terminate their contracts for cause if the Company fails to perform in accordance with the contractual terms. Some customers have the option to purchase additional subscription at a stated price. These options generally do not provide a material right as they are priced at the Company’s SSP.

Professional Services Revenue

The Company offers several types of professional services including incident response and forensic services, surge forensic and malware analysis, and attribution analysis, which are focused on responding to imminent and direct threats, assessing vulnerabilities, and recommending solutions. These services are distinct from subscription services. Professional services do not result in significant customization of the subscription service. The Company’s professional services are available through time and material and fixed fee agreements. Revenue for time and material agreements is recognized as services are performed. Fixed fee contracts account for an immaterial portion of the Company’s revenue.

Contracts with Multiple Performance Obligations

Some contracts with customers contain multiple promised services consisting of subscription and professional services that are distinct and accounted for separately. The transaction price is allocated to the separate performance obligations on a relative SSP basis. The SSP is the price at which the Company would sell promised subscription or professional services separately to a customer. Judgment is required to determine the SSP for each distinct performance obligation. The Company determines SSP based on its overall pricing objectives, taking into consideration the type of subscription or professional service and the number of endpoints.

Variable Consideration

Revenue from sales is recorded at the net sales price, which is the transaction price, and may include estimates of variable consideration. The amount of variable consideration that is included in the transaction price is constrained and is included in the net sales price only to the extent that it is probable that a significant reversal in the amount of the cumulative revenue will not occur when the uncertainty is resolved.

If subscriptions do not meet certain service level commitments, the Company’s customers are entitled to receive service credits, and in certain cases, refunds, each representing a form of variable consideration. The Company has historically not experienced any significant incidents affecting the defined levels of reliability and performance as required by its subscription contracts. Accordingly, any estimated refunds related to these agreements in the consolidated financial statements is not material during the periods presented.

The Company provides rebates and other credits within its contracts with certain resellers, which are estimated based on the expected value to be earned or claimed on the related sales transaction. Overall, the transaction price is reduced to reflect the Company’s estimate of the amount of consideration to which it is entitled based on the terms of the contract. Estimated rebates and other credits were not material during the periods presented.

Research and Development Expense

Research and development costs are expensed when incurred, except for certain internal-use software development costs, which may be capitalized as noted above. Research and development expenses consist primarily of personnel and related headcount costs, costs of professional services associated with the ongoing development of the Company’s technology, and allocated overhead.

Advertising

AdvertisingMost advertising costs are expensed as incurred, except for certain production costs that are deferred and expensed at the first time the advertising takes place.

Stock-Based Compensation

Compensation related to stock-based awards to employees and directors is measured and recognized in the Company’s consolidated statements of operations based on the fair value of the awards granted. The Company estimates the fair value of its stock options using the Black-Scholes option-pricing model. The stock-based compensation expense relating to stock options is recognized on a straight-line basis over the period during which the employee or director is required to provide service in exchange for the award, usually the vesting period, which is generally four years.

Restricted stock units (“RSUs”) are generally subject to a service-based vesting condition. The service-based vesting condition is generally four years. The valuation of these RSUs is based solely on the Company’s stock price on the date of grant, and the corresponding compensation expense is amortized on a straight-line basis.

Performance-based stock units (“PSUs”) are generally subject to both a service-based vesting condition and a performance-based vesting condition. The fair value of the award is equal to the Company’s stock price on the date of grant. PSUs generally vest over a four-year period, subject to continued service through the applicable vesting dates. The stock-based compensation expense relating to PSUs is recognized using the accelerated attribution method over the requisite service period when it is probable that the performance condition will be satisfied.

The Special PSU Awards are subject to the Company’s achievement of specified stock price hurdles and a service-based vesting condition. The Company measured the fair value of the Special PSU Awards using a Monte Carlo simulation valuation model. The stock-based compensation expense relating to the Special PSU Awards is recognized using the accelerated attribution method over the longer of the derived service period and the explicit service period.

Employee Stock Purchase Plan (“ESPP”) grants are measured based on the fair value at grant date using the Black-Scholes option-pricing model. The resulting stock-based compensation expense is recognized using the accelerated attribution method over a two-year offering period and is accounted for as having four separate tranches starting on the same initial enrollment date. The requisite service periods for the four tranches are approximately 6, 12, 18, and 24 months.

The Company accounts for forfeitures as they occur for all stock-based awards.

Deferred Compensation

In December 2022, the board of directors approved the CrowdStrike Inc. Deferred Compensation Plan (the “Plan”), effective January 1, 2023. The Plan is a non-qualified, deferred compensation arrangement that permits eligible employees to make 100% vested salary and incentive compensation deferrals within established limits. The Company does not make contributions to the Plan.

The Plan’s assets consist of marketable securities held in a Rabbi Trust and are included in Other long-term assets in the consolidated balance sheets because they are intended to fund the Plan’s long-term liabilities. They are not available for use in the Company’s daily operations and are not intended to be sold within a short period of time after purchase. The marketable securities were recorded at fair value based on quoted market prices and were immaterial as of January 31, 2023. The deferred compensation liability was also immaterial as of January 31, 2023, and is included in Other liabilities, noncurrent in the consolidated balance sheets. Gains and losses on deferred compensation investments are included in Other income (expense), net, and corresponding changes in the deferred compensation liability are included in Operating expenses and Cost of revenue. Changes in the fair value of the deferred compensation asset and liability were immaterial for the year ended January 31, 2023.

Operating Leases

The Company enters into operating lease arrangements for real estate assets related to office space. The Company determines if an arrangement is or contains a lease at inception by evaluating various factors, including whether a vendor’s right to substitute an identified asset is substantive. Lease classification is determined at the lease commencement date, which is the date the leased assets are made available for use. Operating leases are included in Operating lease right-of-use assets, Operating lease liabilities, current, and Operating lease liabilities, noncurrent in the consolidated balance sheets. The Company did not have any financing leases in any of the periods presented.

Operating lease right-of-use assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. Lease payments consist of the fixed payments under the arrangement, less any lease incentives, such as tenant improvement allowances. Variable costs, such as maintenance and utilities based on actual usage, are not included in the measurement of right-to-use (“ROU”) assets and lease liabilities but are expensed when the event determining the amount of variable consideration to be paid occurs. As the implicit rate of the leases is not determinable, the Company uses an incremental borrowing rate (“IBR”) based on the information available at the lease commencement date in determining the present value of lease payments. Lease expenses are recognized on a straight-line basis over the lease term.

The Company uses the non-cancelable lease term when recognizing the ROU assets and lease liabilities, unless it is reasonably certain that a renewal or termination option will be exercised. The Company accounts for the lease and non-lease components as a single lease component.

Leases with a term of twelve months or less are not recognized on the consolidated balance sheets but are recognized as expense on a straight-line basis over the term of the lease.

Debt Issuance Costs

Debt issuance costs incurred in connection with securing the Company’s financing arrangements are generally presented in the consolidated balance sheets as a direct deduction from the carrying amount of the outstanding borrowings, consistent with debt discounts. However, the Company has chosen to present debt issuance costs under Other long-term assets for its revolving credit facility on the consolidated balance sheets regardless of whether the Company has any outstanding borrowings on the revolving credit facility. Debt issuance costs, net of accumulated amortization, were $4.5 million and $4.6 million as of January 31, 2023 and January 31, 2022, respectively. Debt issuance costs associated with the Senior Notes are recorded as a reduction to the carrying value of the Senior Notes on the consolidated balance sheets. The unamortized issuance costs relating to the Senior Notes were $2.0 million and $2.3 million as of January 31, 2023 and January 31, 2022, respectively.

All deferred financing costs are amortized to interest expense. The effective interest method is used for debt issuance costs related to the Senior Notes. Debt issuance costs related to the revolving credit facility are amortized over the term of the financing arrangement under the straight-line method. The Company’s amortization of these costs was $1.3 million, $1.0 million, and $0.8 million for the fiscal years ended January 31, 2023, 2022, and 2021, respectively.

Foreign Currency Translation and Transactions

The functional currencies of the Company’s foreign subsidiaries are generally the country’s local currency. Assets and liabilities of the subsidiaries are translated into U.S. Dollars at exchange rates in effect at the reporting date. Amounts classified in stockholders’ equity (deficit) are translated at historical exchange rates. Revenue and expenses are translated at the average exchange rates during the period. The resulting translation adjustments are recorded in Accumulated other comprehensive loss. Foreign currency transaction gains or losses, whether realized or unrealized, are reflected in the consolidated statements of operations within Other income (expense), net, and have not been material for all periods presented.

Income Taxes

The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are determined based on differences between the financial statement and tax basis of assets and liabilities and net operating loss and credit carryforwards using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized.

The Company accounts for unrecognized tax benefits using a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company establishes a liability for tax-related uncertainties based on estimates of whether, and the extent to which, additional taxes will be due. The Company’s assumptions, judgments, and estimates relative to the current provision for income taxes take into account current tax laws, the Company’s interpretation of current tax laws, and possible outcomes of current and future audits conducted by foreign and domestic tax authorities. The Company has established reserves for income taxes to address potential exposures involving tax positions that could be challenged by tax authorities. In addition, the Company is subject to the continual examination of its income tax returns by the U.S. Internal Revenue Service (“IRS”) and other domestic and foreign tax authorities. The Company regularly assesses the likelihood of outcomes resulting from these examinations to determine the adequacy of its provision for income taxes and have reserved for potential adjustments that may result from such examinations. The Company believes such estimates to be reasonable; however, the final determination of any of these examinations could significantly impact the amounts provided for income taxes in the Company’s consolidated financial statements.

Net Loss per Share

The Company computes basic and diluted net loss per share attributable to common stockholders for Class A and Class B common stock using the two-class method required for participating securities. Under the two-class method, basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period.

Diluted earnings per share attributable to common stockholders adjusts basic earnings per share for the potentially dilutive impact of outstanding stock options, RSUs, PSUs, ESPP obligations, and founder holdbacks. As the Company has reported losses for all periods presented, all potentially dilutive securities are antidilutive and accordingly, basic net loss per share equals diluted net loss per share.

Recently Issued Accounting Pronouncements

In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which requires that an entity recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606 as if it had originated the contracts. For public business entities, this ASU is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. This ASU is not expected to have a material impact on the Company’s consolidated financial statements upon adoption.

Balance Sheet Components - Estimated Aggregate Future Expense (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Fiscal 2024	$ 16,442
Fiscal 2025	16,357
Fiscal 2026	15,270
Fiscal 2027	13,095
Fiscal 2028	12,582
Thereafter	13,143
Net Amount	$ 86,889	$ 97,336

Description of Business and Significant Accounting Policies

12 Months Ended

Jan. 31, 2023

Accounting Policies [Abstract]

Description of Business and Significant Accounting Policies

Business

CrowdStrike Holdings, Inc. (the “Company”) was formed on November 7, 2011. The Company is a global cybersecurity leader that provides cloud-delivered protection of endpoints, cloud workloads, identity, and data via a software as a service (“SaaS”) subscription-based model that spans multiple security markets, including corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection and log management. The Company conducts its business in the United States, as well as locations internationally, including in Australia, Germany, India, Israel, Romania, and the United Kingdom.

Basis of Presentation

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

Concentration of Credit Risk and Geographic Information

There were no direct customers who represented 10% or more of the Company’s accounts receivable as of January 31, 2023. One direct customer who represented 10% of more of the Company’s accounts receivable as of January 31, 2022 was as follows:


	January 31,
	2023		2022

Customer A	9	%	10	%

There were no channel partners who represented 10% or more of the Company’s accounts receivable as of January 31, 2023 and January 31, 2022.

There were no channel partners or direct customers who represented 10% or more of the Company’s total revenue during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021.

Cash Equivalents and Short-term Investments

Strategic Investments

Fair Value of Financial Instruments

Accounts Receivable

Accounts receivable are recorded at the invoiced amount and are non-interest bearing. Accounts receivable are stated at their net realizable value, net of the allowance for credit losses. The Company has a well-established collections history from its customers. Credit is extended to customers based on an evaluation of their financial condition and other factors. The Company generally does not require collateral from its customers; however, the Company may require payment prior to commencing service in certain instances to limit credit risk. The Company regularly reviews the adequacy of the allowance for credit losses by considering various factors including the age of each outstanding invoice, each customer’s expected ability to pay, historical loss rates, and expectations of forward-looking loss estimates to determine whether the allowance is appropriate. Amounts deemed uncollectible are written off against the allowance for credit losses.

Segment Information

The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM reviews financial information presented on a consolidated basis for the purposes of allocating resources and evaluating financial performance. Accordingly, management has determined that the Company operates as one operating and reportable segment.

Business Combinations

Goodwill and Intangible Assets

Property and Equipment, Net


Data center and other computer equipment			3 – 5 years
Furniture and equipment			5 years
Purchased software			3 – 5 years
Capitalized internal-use software and website development			3 years
Leasehold improvements			Estimated useful life or term of the lease, whichever is shorter

Expenditures for routine maintenance and repairs are charged to operating expense as incurred. Major renewals and improvements are capitalized and depreciated over their estimated useful lives.

Capitalized Internal-Use Software and Website Development Costs

Deferred Contract Acquisition Costs

Deferred Revenue

Revenue Recognition

(1)Identify the contract with a customer

(2)Identify the performance obligations in the contract

(3)Determine the transaction price

(4)Allocate the transaction price to performance obligations in the contract

(5)Recognize revenue when or as performance obligations are satisfied

Subscription Revenue

Professional Services Revenue

Contracts with Multiple Performance Obligations

Variable Consideration

Research and Development Expense

Advertising

Most advertising costs are expensed as incurred, except for certain production costs that are deferred and expensed at the first time the advertising takes place. The Company incurred $53.8 million, $50.5 million, and $27.9 million of advertising costs during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively.

Stock-Based Compensation

The Company accounts for forfeitures as they occur for all stock-based awards.

Deferred Compensation

Operating Leases

Leases with a term of twelve months or less are not recognized on the consolidated balance sheets but are recognized as expense on a straight-line basis over the term of the lease.

Debt Issuance Costs

Foreign Currency Translation and Transactions

Income Taxes

Net Loss per Share

Recently Issued Accounting Pronouncements

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Deferred tax assets
Net operating loss carryforwards	$ 441,352	$ 428,238
Research and other credit carryforwards	75,712	56,539
Intangible assets	62,650	61,008
Stock-based compensation	44,861	33,202
Deferred revenue	109,919	34,425
Accrued expenses	17,890	12,550
Operating lease liabilities	13,013	10,144
Capitalized research and development	286,124	154,625
Other, net	0	4,514
Gross deferred assets	1,051,521	795,245
Less: Valuation allowance	(910,070)	(770,861)	$ (413,800)
Total deferred tax assets	141,451	24,384
Deferred tax liabilities
Property and equipment, net	(24,096)	(8,769)
Capitalized commissions	(99,397)	(1,632)
Operating right-of-use assets	(12,285)	(9,256)
Other, net	(1,220)	0
Total deferred tax liabilities	(136,998)	(19,657)
Net deferred tax assets	$ 4,453	$ 4,727

Cover - USD ($) $ in Billions	12 Months Ended
Cover - USD ($) $ in Billions	Jan. 31, 2023	Feb. 28, 2023	Jul. 31, 2022
Class of Stock [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jan. 31, 2023
Current Fiscal Year End Date	--01-31
Document Transition Report	false
Entity File Number	001-38933
Entity Registrant Name	CROWDSTRIKE HOLDINGS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-3788918
Entity Address, Address Line One	206 E. 9th Street
Entity Address, Address Line Two	Suite 1400
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78701
City Area Code	888
Local Phone Number	512-8906
Title of 12(b) Security	Class A common stock, par value $0.0005 per share
Trading Symbol	CRWD
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 42.8
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement relating to its 2023 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10-K where indicated. Such Proxy Statement will be filed with the United States Securities and Exchange Commission within 120 days after the end of the fiscal year to which this Annual Report on Form 10-K relates.
Entity Central Index Key	0001535527
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Class A common stock
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		222,937,242
Class B common stock
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		12,926,743

Stock-Based Compensation - Narrative (Details) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended			30 Months Ended
	May 31, 2019 purchase_period shares	Jan. 31, 2023 USD ($) shares	Jan. 31, 2023 USD ($) tranche installment day change_in_contribution $ / shares shares	Jan. 31, 2022 USD ($) $ / shares shares	Jan. 31, 2021 USD ($) $ / shares	Dec. 12, 2024 USD ($)	May 31, 2021 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options unvested (in shares) \| shares		307,991	307,991
Options, aggregate intrinsic value		$ 247,200	$ 247,200	$ 480,500	$ 711,400
Options exercisable, weighted average contractual term			4 years 9 months 18 days	5 years 8 months 12 days	6 years 4 months 24 days
Weighted average grant date fair value (in dollars per share) \| $ / shares			$ 116.26	$ 180.08	$ 66.31
Options exercised, intrinsic value			$ 166,800	$ 570,900	$ 847,500
Options outstanding, intrinsic value		279,400	$ 279,400	$ 678,000	$ 1,400,000
Options outstanding, weighted average remaining contractual term			5 years	6 years 1 month 6 days	7 years
Total unrecognized stock-based compensation expense, unvested options		2,500	$ 2,500
Common stock shares issued, early exercised stock options \| shares			0	0
Number of shares of common stock related to early exercised stock options subject to repurchase (in shares) \| shares				197,994
Stock based compensation				$ 2,200
Threshold consecutive trading days \| day			45
ESPP employee payroll contributions		$ 168,767	$ 168,767	$ 104,563
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected amortization period, weighted average vesting period			1 year 7 months 6 days
Number of shares of common stock related to early exercised stock options subject to repurchase (in shares) \| shares		0	0
Stock options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			0.60%	0.20%
Expected stock price volatility			36.10%	35.80%
Stock options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			1.00%	0.40%
Expected stock price volatility			37.10%	37.30%
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of vesting schedules \| tranche			4
RSUs \| Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of quarterly installments \| installment			12
Vesting percentage		25.00%	10.00%
RSUs \| Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of quarterly installments \| installment			16
Vesting percentage			15.00%
RSUs \| Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of quarterly installments \| installment			8
Vesting percentage			25.00%
RSUs \| Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			50.00%
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected amortization period, weighted average vesting period			2 years 9 months 18 days
Unrecognized stock based compensation expense, unvested RSUs		$ 1,300,000	$ 1,300,000
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected amortization period, weighted average vesting period			1 year 2 months 12 days
Unrecognized stock based compensation expense, unvested RSUs		60,800	$ 60,800
Special Performance-based Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected amortization period, weighted average vesting period			2 years 1 month 6 days
Number of quarterly installments \| installment			4
Unrecognized stock based compensation expense, unvested RSUs		66,200	$ 66,200
Historical volatility rate, weight			50.00%
Historical volatility rate, weight			50.00%
Special Performance-based Stock Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			0.85%
Expected stock price volatility			54.89%
Look back period			2 years 2 months 15 days
Special Performance-based Stock Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			1.51%
Expected stock price volatility			55.36%
Look back period			2 years 6 months 29 days
Special Performance-based Stock Units \| Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			50.00%
Special Performance-based Stock Units \| Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			12.50%
Special Performance-based Stock Units \| Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			12.50%
Special Performance-based Stock Units \| Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			12.50%
Special Performance-based Stock Units \| Tranche Five
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			12.50%
Special Performance-based Stock Units \| Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) \| shares			655,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Threshold percentage, outstanding shares	1.00%
Look back period	2 years
Maximum number of additional shares of common stock that may be issued (in shares) \| shares							5,000,000
ESPP, consecutive offering period	24 months
ESPP, number of purchase periods \| purchase_period	4
ESPP, purchase period duration	6 months
ESPP, percentage of eligible compensation	15.00%
Maximum number of shares purchasable (in shares) \| shares	2,500
Purchase price of common stock, percentage	85.00%
Number of increases in contribution \| change_in_contribution			1
ESPP employee payroll contributions		$ 17,500	$ 17,500	$ 14,800
Employee Stock Purchase Plan \| Rollover Feature \| Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan modification, incremental cost						$ 58,600
Employee Stock Purchase Plan \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			0.10%	0.00%	0.10%
Expected stock price volatility			39.60%	33.00%	30.10%
Employee Stock Purchase Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate			4.70%	1.90%	2.00%
Expected stock price volatility			67.40%	55.90%	54.30%
Class A common stock \| Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares) \| shares	3,500,000
ESPP, purchase period duration	6 months
Equity Incentive Plan 2019 \| Class A common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares) \| shares	8,750,000
Threshold percentage, outstanding shares	2.00%

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Revenue
Total revenue	$ 2,241,236	$ 1,451,594	$ 874,438
Cost of revenue
Total cost of revenue	601,231	383,221	229,545
Gross profit	1,640,005	1,068,373	644,893
Operating expenses
Sales and marketing	904,409	616,546	401,316
Research and development	608,364	371,283	214,670
General and administrative	317,344	223,092	121,436
Total operating expenses	1,830,117	1,210,921	737,422
Loss from operations	(190,112)	(142,548)	(92,529)
Interest expense	(25,319)	(25,231)	(1,559)
Interest income	52,495	3,788	4,968
Other income, net	3,053	3,968	1,251
Loss before provision for income taxes	(159,883)	(160,023)	(87,869)
Provision for income taxes	22,402	72,355	4,760
Net loss	(182,285)	(232,378)	(92,629)
Net income attributable to non-controlling interest	960	2,424	0
Net loss attributable to CrowdStrike	$ (183,245)	$ (234,802)	$ (92,629)
Net loss per share attributable to CrowdStrike common stockholders, basic (in dollars per share)	$ (0.79)	$ (1.03)	$ (0.43)
Net loss per share attributable to CrowdStrike common stockholders, diluted (in dollars per share)	$ (0.79)	$ (1.03)	$ (0.43)
Weighted-average shares used in computing net loss per share attributable to CrowdStrike common stockholders, basic (in shares)	233,139	227,142	217,756
Weighted-average shares used in computing net loss per share attributable to CrowdStrike common stockholders, diluted (in shares)	233,139	227,142	217,756
Subscription
Revenue
Total revenue	$ 2,111,660	$ 1,359,537	$ 804,670
Cost of revenue
Total cost of revenue	511,684	321,904	185,212
Professional services
Revenue
Total revenue	129,576	92,057	69,768
Cost of revenue
Total cost of revenue	$ 89,547	$ 61,317	$ 44,333

Balance Sheet Components - Accrued Payroll and Benefits (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Accrued commissions	$ 77,287	$ 47,298
Accrued payroll and related expenses	39,907	24,910
Accrued bonuses	34,098	17,591
Employee Stock Purchase Plan	17,475	14,764
Accrued payroll and benefits	$ 168,767	$ 104,563

Investments and Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Company's Fair Value Hierarchy for its Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The Company’s fair value hierarchy for its financial assets and liabilities that are measured at fair value on a recurring basis are as follows (in thousands):


	January 31, 2023								January 31, 2022
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total

Assets (1)
Cash equivalents (2)
Money market funds	$	64,752	$	—	$	—	$	64,752	$	300,027	$	—	$	—	$	300,027


Other assets
Deferred compensation investments	64		—		—		64		—		—		—		—
Total assets	$	64,816	$	—	$	—	$	64,816	$	300,027	$	—	$	—	$	300,027

_______________________________________

(1) $250.0 million of time deposits, which are included in short-term investments, are excluded since they are carried at cost and approximate fair value.

(2) Cash equivalents exclude $1.6 billion of time deposits, which are carried at cost and approximate fair value.

Schedule of Strategic Investments

The following summarizes the net carrying value of the strategic investments, which are Level 3, within the fair value hierarchy (in thousands):


	January 31,
	2023		2022

Total initial cost	$	40,617	$	18,809
Unrealized net gains due to changes in fair value	6,653		4,823

Carrying value	$	47,270	$	23,632

Leases - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Jan. 31, 2023 USD ($)
Leases [Abstract]
Fiscal 2024	$ 11,766
Fiscal 2025	11,930
Fiscal 2026	9,005
Fiscal 2027	4,992
Fiscal 2028	4,432
Thereafter	4,859
Total operating lease payments	46,984
Less: imputed interest	(4,371)
Present value of operating lease liabilities	$ 42,613

Related Party Transactions (Details) - USD ($)	12 Months Ended
Related Party Transactions (Details) - USD ($)	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Related Party Transactions [Abstract]
Revenue from related parties	$ 10,500,000	$ 7,700,000	$ 4,300,000
Accounts receivable, related parties	2,600,000	2,200,000
Purchases from related party	4,000,000	26,000,000	$ 8,800,000
Accounts payable, related parties	$ 0	$ 3,700,000

- Definition

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07.1(c))
-URI https://asc.fasb.org/extlink&oid=120401555&loc=SL114874292-224272

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(C))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1(e))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

+ Details

Stock-Based Compensation - RSU Activity (Details) - Share-Based Compensation Award, Other than Stock Options shares in Thousands	12 Months Ended
	Jan. 31, 2023 $ / shares shares
Number of Shares
Shares outstanding at beginning of period (in shares) \| shares	7,886
Granted (in shares) \| shares	6,234
Released (in shares) \| shares	(3,450)
Performance adjustment (in shares) \| shares	99
Forfeited (in shares) \| shares	(719)
Shares outstanding at end of period (in shares) \| shares	10,050
Weighted-Average Grant Date Fair Value Per Share
Shares outstanding at beginning of period (in dollars per share) \| $ / shares	$ 125.04
Granted (in dollars per share) \| $ / shares	172.06
Released (in dollars per share) \| $ / shares	106.64
Performance adjustment (in dollars per share) \| $ / shares	194.15
Forfeited (in dollars per share) \| $ / shares	168.71
Shares outstanding at end of period (in dollars per share) \| $ / shares	$ 158.08

Revenue, Deferred Revenue and Remaining Performance Obligations - Narrative (Details) - USD ($)	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Disaggregation of Revenue [Line Items]
Revenue recognized, contract liabilities	$ 1,100,000,000	$ 696,700,000
Commission amortization period	4 years
Professional service contract amortization period	8 months
Impairment loss	$ 0
Minimum
Disaggregation of Revenue [Line Items]
Payment terms	30 days
Subscription term	1 year
Maximum
Disaggregation of Revenue [Line Items]
Payment terms	60 days
Subscription term	3 years

Stock-Based Compensation - Stock Option Activity (Details) shares in Thousands	12 Months Ended
	Jan. 31, 2023 $ / shares shares
Number of Shares
Options outstanding, beginning balance (in shares) \| shares	3,938
Options granted (in shares) \| shares	2
Options exercised (in shares) \| shares	(1,032)
Options canceled (in shares) \| shares	(39)
Options outstanding, ending balance (in shares) \| shares	2,869
Options, vested and expected to vest (in shares) \| shares	2,869
Options exercisable (in shares) \| shares	2,528
Weighted- Average Exercise Price Per Share
Options outstanding, beginning balance, weighted average exercise price (in dollars per share) \| $ / shares	$ 8.48
Options granted, weighted average exercise price (in dollars per share) \| $ / shares	53.64
Options exercised, weighted average exercise price (in dollars per share) \| $ / shares	8.39
Options canceled, weighted average exercise price per share (in dollars per share) \| $ / shares	10.76
Options outstanding, ending balance, weighted average exercise price (in dollars per share) \| $ / shares	8.52
Options vested and expected to vest, weighted average exercise price (in dollars per share) \| $ / shares	8.52
Options exercisable, weighted average exercise price (in dollars per share) \| $ / shares	$ 8.09

Balance Sheet Components - Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Web hosting services	$ 65,589	$ 23,711
Accrued purchases of property and equipment	20,157	10,878
Other accrued expenses	11,247	13,988
Accrued marketing	11,435	9,801
Accrued interest expense	10,375	10,375
Accrued partner commissions	5,800	3,965
Accrued professional services	13,281	10,664
Accrued expenses	$ 137,884	$ 83,382

Description of Business and Significant Accounting Policies - Narrative (Details)				1 Months Ended		12 Months Ended
	Oct. 03, 2022 reporting_unit	Nov. 29, 2021 reporting_unit	Mar. 05, 2021 reporting_unit	Dec. 31, 2022	Jul. 31, 2019 USD ($)	Jan. 31, 2023 USD ($) segment reporting_unit	Jan. 31, 2022 USD ($)	Jan. 31, 2021 USD ($)	Dec. 31, 2021 USD ($)
Concentration Risk [Line Items]
Cash equivalents						$ 1,600,000,000	$ 1,000,000,000
Short-term investments						$ 250,000,000	0
Falcon Fund term						10 years
Term of extension						3 years
Unrealized gain on strategic investments						$ 1,000,000	2,400,000
Unrealized gain on strategic investments, noncontrolling interests						$ 1,000,000	2,400,000
Number of operating segments \| segment						1
Number of reportable segments \| segment						1
Number of reporting units \| reporting_unit	1	1	1			1
Goodwill impairment loss						$ 0	0	$ 0
Impairment losses of property and equipment						$ 0	0	0
Commission amortization period						4 years
Professional service contract amortization period						8 months
Advertising expense						$ 53,800,000	50,500,000	27,900,000
Vesting period						4 years
Vested salary and incentive compensation percentage				100.00%
Deferred financing costs, net						$ 4,500,000	4,600,000
Amortization of debt issuance costs						1,300,000	1,000,000	$ 800,000
Senior Notes
Concentration Risk [Line Items]
Unamortized issuance costs						$ 2,000,000	$ 2,300,000
Tranche One
Concentration Risk [Line Items]
Requisite service period						6 months
Tranche Two
Concentration Risk [Line Items]
Requisite service period						12 months
Tranche Three
Concentration Risk [Line Items]
Requisite service period						18 months
Tranche Four
Concentration Risk [Line Items]
Requisite service period						24 months
RSUs
Concentration Risk [Line Items]
Vesting period						4 years
PSUs
Concentration Risk [Line Items]
Vesting period						4 years
Employee Stock Purchase Plan
Concentration Risk [Line Items]
Vesting period						2 years
Capitalized internal-use software and website development
Concentration Risk [Line Items]
Useful life						3 years
Accel \| Crowdstrike Falcon Fund Llc
Concentration Risk [Line Items]
Sharing percentage					50.00%
Minimum
Concentration Risk [Line Items]
Useful life						1 year
Subscription fees payable term						30 days
Subscription term						1 year
Maximum
Concentration Risk [Line Items]
Useful life						20 years
Subscription fees payable term						60 days
Subscription term						3 years
Maximum \| Accel \| Crowdstrike Falcon Fund Llc
Concentration Risk [Line Items]
Amount agreed to commit					$ 10,000,000				$ 50,000,000

Leases

12 Months Ended

Jan. 31, 2023

Leases [Abstract]

Leases

Operating Leases

The Company has entered into non-cancelable operating lease agreements with various expiration dates through fiscal 2031. Certain lease agreements include options to renew or terminate the lease, which are not reasonably certain to be exercised and therefore are not factored into the determination of lease payments.

Cash paid for amounts included in the measurement of operating lease liabilities were $12.0 million, $11.8 million, and $11.0 million for the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively. Operating lease liabilities arising from obtaining operating right of-use assets were $18.5 million and $4.9 million for the fiscal years ended January 31, 2023 and January 31, 2022, respectively.

The weighted-average remaining lease terms were 3.5 years and 3.0 years as of January 31, 2023 and January 31, 2022, respectively. The weighted-average discount rates were 4.5% and 5.4% as of January 31, 2023 and January 31, 2022, respectively.

The components of lease costs were as follows (in thousands):


	Year Ended January 31,
	2023		2022		2021
Lease cost
Operating lease cost	$	11,084	$	11,262	$	10,308
Short-term lease cost	2,344		1,918		1,957
Variable lease cost	8,279		4,874		3,007
Total lease cost	$	21,707	$	18,054	$	15,272

There was no sublease income for the fiscal years ended January 31, 2023, January 31, 2022, or January 31, 2021. As of January 31, 2023, the Company has entered into non-cancelable operating leases with terms greater than 12 months that have not yet commenced with undiscounted future minimum payments of $10.9 million, which are excluded from the table above. The operating leases will commence between February 2023 and April 2023 with lease terms between 5 and 6 years.

The maturities of the Company’s non-cancelable operating lease liabilities are as follows (in thousands):


	January 31, 2023

Fiscal 2024	$	11,766
Fiscal 2025	11,930
Fiscal 2026	9,005
Fiscal 2027	4,992
Fiscal 2028	4,432
Thereafter	4,859
Total operating lease payments	46,984
Less: imputed interest	(4,371)
Present value of operating lease liabilities	$	42,613

Revenue, Deferred Revenue and Remaining Performance Obligations - Revenue from Contracts by Type and Region (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 2,241,236	$ 1,451,594	$ 874,438
Percentage of Revenue	100.00%	100.00%	100.00%
United States
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,563,567	$ 1,046,474	$ 627,402
Percentage of Revenue	70.00%	72.00%	72.00%
Europe, Middle East, and Africa
Disaggregation of Revenue [Line Items]
Total revenue	$ 327,929	$ 200,198	$ 123,900
Percentage of Revenue	15.00%	14.00%	14.00%
Asia Pacific
Disaggregation of Revenue [Line Items]
Total revenue	$ 228,124	$ 142,686	$ 80,185
Percentage of Revenue	10.00%	10.00%	9.00%
Other
Disaggregation of Revenue [Line Items]
Total revenue	$ 121,616	$ 62,236	$ 42,951
Percentage of Revenue	5.00%	4.00%	5.00%
Channel Partners
Disaggregation of Revenue [Line Items]
Total revenue	$ 1,856,715	$ 1,093,336	$ 655,031
Percentage of Revenue	83.00%	75.00%	75.00%
Direct Customers
Disaggregation of Revenue [Line Items]
Total revenue	$ 384,521	$ 358,258	$ 219,407
Percentage of Revenue	17.00%	25.00%	25.00%

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130543-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI https://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Acquisitions - Identifiable Intangible Assets (Details) - USD ($) $ in Thousands			12 Months Ended
	Nov. 29, 2021	Mar. 05, 2021	Jan. 31, 2023	Jan. 31, 2022
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Useful Life			68 months	79 months
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Useful Life			61 months	72 months
Secure Circle
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 18,300
Secure Circle \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 15,300
Useful Life	72 months
Secure Circle \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value	$ 3,000
Useful Life	72 months
Humio Limited
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value		$ 75,600
Humio Limited \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value		$ 68,800
Useful Life		96 months
Humio Limited \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value		$ 5,400
Useful Life		96 months
Humio Limited \| Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value		$ 1,400
Useful Life		24 months

Revenue, Deferred Revenue and Remaining Performance Obligations (Tables)

12 Months Ended

Jan. 31, 2023

Revenue Recognition and Deferred Revenue [Abstract]

Summary of Revenue From Contracts By Type of Customer

The following table summarizes the revenue from contracts by type of customer (in thousands, except percentages):


	Year Ended January 31,
	2023				2022				2021
	Amount		% Revenue		Amount		% Revenue		Amount		% Revenue

Channel Partners	$	1,856,715	83	%	$	1,093,336	75	%	$	655,031	75	%
Direct Customers	384,521		17	%	358,258		25	%	219,407		25	%
Total revenue	$	2,241,236	100	%	$	1,451,594	100	%	$	874,438	100	%

Disaggregation of Revenue

The following table summarizes the revenue by region based on the shipping address of customers who have contracted to use the Company’s platform or service (in thousands, except percentages):


	Year Ended January 31,
	2023				2022				2021
	Amount		% Revenue		Amount		% Revenue		Amount		% Revenue

United States	$	1,563,567	70	%	$	1,046,474	72	%	$	627,402	72	%
Europe, Middle East, and Africa	327,929		15	%	200,198		14	%	123,900		14	%
Asia Pacific	228,124		10	%	142,686		10	%	80,185		9	%
Other	121,616		5	%	62,236		4	%	42,951		5	%
Total revenue	$	2,241,236	100	%	$	1,451,594	100	%	$	874,438	100	%

Contract with Customer, Asset and Liability

Changes in deferred revenue were as follows (in thousands):


	Year Ended January 31,
	2023		2022

Beginning balance	$	1,529,321	$	911,895
Additions to deferred revenue	3,067,028		2,069,020
Recognition of deferred revenue	(2,241,236)		(1,451,594)
Ending balance	$	2,355,113	$	1,529,321

Capitalized Contract Cost

The following table summarizes the activity of deferred contract acquisition costs (in thousands):


	Year Ended January 31,
	2023		2022

Beginning balance	$	319,180	$	198,756

Capitalization of contract acquisition costs	298,716		234,308
Amortization of deferred contract acquisition costs	(170,808)		(113,884)
Ending balance	$	447,088	$	319,180

Deferred contract acquisition costs, current	$	186,855	$	126,822
Deferred contract acquisition costs, noncurrent	260,233		192,358
Total deferred contract acquisition costs	$	447,088	$	319,180

Balance Sheet Components - Narrative (Details) - USD ($)	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 77,200,000	$ 54,400,000	$ 38,700,000
Capitalized amount of internal use software	49,300,000	30,700,000	14,000,000
Amortization expense associated with internal use software	21,500,000	12,400,000	7,900,000
Net book value of capitalized internal use software	66,300,000	38,600,000
Amortization of intangible assets	16,565,000	12,902,000	$ 1,448,000
Other Current Liabilities
Property, Plant and Equipment [Line Items]
Deferred payroll taxes owed	0	5,100,000
Data center and other computer equipment
Property, Plant and Equipment [Line Items]
Equipment additions	$ 245,400,000	$ 89,800,000

Leases - Narrative (Details) - USD ($)	12 Months Ended
Leases - Narrative (Details) - USD ($)	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Lessee, Lease, Description [Line Items]
Cash payments	$ 12,000,000	$ 11,800,000	$ 11,000,000
Operating right of-use assets	$ 18,500,000	$ 4,900,000
Weighted average remaining lease term	3 years 6 months	3 years
Weighted average discount rate	4.50%	5.40%
Sublease income	$ 0	$ 0	$ 0
Undiscounted future minimum payments	$ 10,900,000
Minimum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term of contract	5 years
Maximum
Lessee, Lease, Description [Line Items]
Lease not yet commenced, term of contract	6 years

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Operating activities
Net loss	$ (182,285)	$ (232,378)	$ (92,629)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	77,245	55,908	38,710
Amortization of intangible assets	16,565	12,902	1,448
Amortization of deferred contract acquisition costs	170,808	113,884	66,425
Non-cash operating lease cost	9,440	9,103	7,786
Stock-based compensation expense	526,504	309,952	149,675
Deferred income taxes	1,306	(13,956)	(1,452)
Gain on sale of debt securities, net	0	0	(1,347)
Amortization of marketable securities purchased at a premium	0	0	578
Non-cash interest expense	2,813	2,469	853
Change in fair value of strategic investments	(1,830)	(4,823)	0
Changes in operating assets and liabilities, net of impact of acquisitions
Accounts receivable, net	(258,109)	(125,354)	(73,022)
Deferred contract acquisition costs	(298,716)	(234,308)	(150,975)
Prepaid expenses and other assets	(46,807)	(29,535)	2,198
Accounts payable	(15,463)	33,248	11,325
Accrued expenses and other liabilities	58,923	38,483	33,083
Accrued payroll and benefits	65,226	32,681	33,212
Operating lease liabilities	(10,364)	(9,900)	(8,105)
Deferred revenue	825,751	616,408	338,803
Net cash provided by operating activities	941,007	574,784	356,566
Investing activities
Purchases of property and equipment	(235,019)	(112,143)	(52,799)
Capitalized internal-use software and website development costs	(29,095)	(20,866)	(10,864)
Purchases of strategic investments	(21,808)	(16,309)	(1,500)
Business acquisitions, net of cash acquired	(18,349)	(414,518)	(85,517)
Purchases of intangible assets	(2,323)	(680)	(180)
Purchases of investments	(250,000)	0	(84,904)
Proceeds from sales of investments	0	0	639,586
Purchases of deferred compensation investments	(64)	0	0
Maturities of marketable securities	0	0	91,605
Net cash (used in) provided by investing activities	(556,658)	(564,516)	495,427
Financing activities
Payments of debt issuance costs related to revolving line of credit	0	(219)	(3,328)
Payments of debt issuance costs related to Senior Notes	0	(1,581)	0
Proceeds from issuance of Senior Notes, net of debt financing costs	0	0	739,569
Repayment of loan payable	(1,591)	0	0
Proceeds from issuance of common stock upon exercise of stock options	8,655	15,899	28,831
Proceeds from issuance of common stock under the employee stock purchase plan	59,419	50,277	34,263
Capital contributions from non-controlling interest holders	10,954	8,155	800
Net cash provided by financing activities	77,437	72,531	800,135
Effect of foreign exchange rates on cash, cash equivalents and restricted cash	(1,495)	(4,774)	1,682
Net increase in cash, cash equivalents and restricted cash	460,291	78,025	1,653,810
Cash, cash equivalents and restricted cash at beginning of period	1,996,633	1,918,608	264,798
Cash, cash equivalents and restricted cash at end of period	2,456,924	1,996,633	1,918,608
Cash and cash equivalents	2,455,369	1,996,633	1,918,608
Restricted cash included in prepaid expenses and other assets	1,555	0	0
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	2,456,924	1,996,633	1,918,608
Supplemental disclosure of cash flow information:
Interest paid	22,551	13,088	18
Income taxes paid, net of refunds received	11,943	74,677	1,732
Supplemental disclosure of non-cash investing and financing activities:
Net increase in property and equipment included in accounts payable and accrued expenses	22,421	6,522	1,042
Vesting of early exercised stock options	2,204	3,165	3,318
Equity consideration for acquisitions	50	4,011	3,842
Debt financing costs, accrued but not paid	0	0	1,581
Operating lease liabilities arising from obtaining operating right of-use assets	$ 18,464	$ 4,867	$ 6,249

Acquisitions - Narrative (Details) $ in Thousands				12 Months Ended
Acquisitions - Narrative (Details) $ in Thousands	Oct. 03, 2022 USD ($) reporting_unit	Nov. 29, 2021 USD ($) reporting_unit	Mar. 05, 2021 USD ($) reporting_unit	Jan. 31, 2023 USD ($) reporting_unit	Jan. 31, 2022 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill				$ 430,645	$ 416,445
Number of reporting units \| reporting_unit	1	1	1	1
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life				68 months	79 months
Reposify Ltd
Acquired Finite-Lived Intangible Assets [Line Items]
Voting equity interest acquired	100.00%
Business combination, consideration transferred	$ 18,900
Cash acquired	500
Fair Value	3,800
Net tangible assets acquired	900
Goodwill	$ 14,200
Reposify Ltd \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted average useful life	72 months
Secure Circle
Acquired Finite-Lived Intangible Assets [Line Items]
Voting equity interest acquired		100.00%
Business combination, consideration transferred		$ 60,600
Fair Value		18,300
Net tangible assets acquired		(800)
Goodwill		43,100
Secure Circle \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value		$ 15,300
Weighted average useful life		72 months
Humio Limited
Acquired Finite-Lived Intangible Assets [Line Items]
Voting equity interest acquired			100.00%
Business combination, consideration transferred			$ 370,300
Cash acquired			12,500
Fair Value			75,600
Net tangible assets acquired			3,400
Goodwill			291,300
Payments to acquire businesses, gross			353,800
Fair value of replacement equity awards			4,000
Humio Limited \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value			$ 68,800
Weighted average useful life			96 months

Stock-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of stock options was generally estimated on the date of grant using the following assumptions during the period:


	Year Ended January 31,
	2022		2021

Expected term (in years)	3.82 – 5.63		3.17 – 6.05
Risk-free interest rate	0.6% – 1.0%		0.2% – 0.4%
Expected stock price volatility	36.1% – 37.1%		35.8% – 37.3%
Dividend yield	—	%	—	%

The following table summarizes the assumptions used in the Black-Scholes option-pricing model to determine the grant-date fair value of the ESPP:

Year Ended January 31,

2023

2022

2021

Expected term (in years)

0.5 – 2.0

Risk-free interest rate

0.1% – 4.7%

0.0% – 1.9%

0.1% – 2.0%

Expected stock price volatility

39.6% – 67.4%

33.0% – 55.9%

30.1% – 54.3%

Dividend yield

—

—%

Share-based Payment Arrangement, Option, Activity

The following table is a summary of stock option activity for the fiscal year ended January 31, 2023:


	Number of Shares	Weighted- Average Exercise Price Per Share
	(in thousands)








Options outstanding at January 31, 2022	3,938	$	8.48
Granted	2	$	53.64
Exercised	(1,032)	$	8.39
Canceled	(39)	$	10.76
Options outstanding at January 31, 2023	2,869	$	8.52
Options vested and expected to vest at January 31, 2023	2,869	$	8.52
Options exercisable at January 31, 2023	2,528	$	8.09

Share-based Payment Arrangement, Restricted Stock Unit, Performance Stock Unit, and Special Performance Stock Unit Award, Activity

The following table is a summary of RSUs, PSUs, and the Special PSU Awards activities for the fiscal year ended January 31, 2023:


	Number of Shares	Weighted-Average Grant Date Fair Value Per Share
	(in thousands)
RSUs and PSUs outstanding at January 31, 2022	7,886	$	125.04
Granted	6,234	$	172.06
Released	(3,450)	$	106.64
Performance adjustment (1)	99	$	194.15
Forfeited	(719)	$	168.71
RSUs and PSUs outstanding at January 31, 2023	10,050	$	158.08

___________________________

Share-based Payment Arrangement, Expensed and Capitalized, Amount

Stock-based compensation expense included in the consolidated statements of operations is as follows (in thousands):


	Year Ended January 31,
	2023		2022		2021

Subscription cost of revenue	$	32,091	$	22,044	$	11,705
Professional services cost of revenue	15,692		10,050		6,005
Sales and marketing	151,919		89,634		50,557
Research and development	174,711		102,027		40,274
General and administrative	152,091		86,197		41,134
Total stock-based compensation expense	$	526,504	$	309,952	$	149,675

Income Taxes - Income Tax Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Provision for income taxes at statutory rate	$ (33,777)	$ (33,605)	$ (18,453)
State income taxes, net of federal benefits	944	673	0
Foreign tax rate differential	11,003	574	1,994
Research and other credits	(19,465)	(19,113)	(9,373)
Stock-based compensation	(47,335)	(145,964)	(140,489)
Non-deductible expenses	2,800	2,783	2,212
Change in valuation allowance	102,892	210,680	168,869
Tax impact of restructuring	5,340	57,236	0
Other	0	(909)	0
Provision for income taxes	$ 22,402	$ 72,355	$ 4,760

Acquisitions (Tables)

12 Months Ended

Jan. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (dollars in thousands):


	Fair Value		Useful Life
			(in months)
Developed technology	$	15,300	72
Customer relationships	3,000		72

Total intangible assets acquired	$	18,300

The following table sets forth the fair value of the identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (dollars in thousands):


	Fair Value		Useful Life
			(in months)
Developed technology	$	68,800	96
Customer relationships	5,400		96
Trade names	1,400		24
Total intangible assets acquired	$	75,600

Commitment and Contingencies - Purchase Obligations (Details) $ in Thousands	Jan. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 78,095
2025	67,422
2026	36,472
2027	28,630
2028	26,279
Thereafter	33,853
Total purchase commitments	$ 270,751

Related Party Transactions	12 Months Ended
Related Party Transactions	Jan. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Subscription and Professional Services Revenue from Related Parties During the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, certain investors and companies, with whom the Company’s board of directors are affiliated, purchased subscriptions and professional services. The Company recorded revenue from subscriptions and professional services from related parties of $10.5 million, $7.7 million, and $4.3 million during the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, respectively. Accounts receivable associated with these related parties was $2.6 million, and $2.2 million as of January 31, 2023 and January 31, 2022, respectively. Accounts Payable to Related Parties During the fiscal years ended January 31, 2023, January 31, 2022, and January 31, 2021, the Company purchased goods and services totaling $4.0 million, $26.0 million, and $8.8 million, respectively, from certain investors and companies with whom the Company’s board of directors are affiliated. The accounts payable to such vendors was immaterial as of January 31, 2023 and was $3.7 million as of January 31, 2022.

Audit Information	12 Months Ended
Audit Information	Jan. 31, 2023
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	San Jose, California
Auditor Firm ID	238

Revenue, Deferred Revenue and Remaining Performance Obligations - Deferred Contract Acquisition Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Capitalized Contract Cost [Roll Forward]
Beginning balance	$ 319,180	$ 198,756
Capitalization of contract acquisition costs	298,716	234,308
Amortization of deferred contract acquisition costs	(170,808)	(113,884)
Ending balance	447,088	319,180
Deferred contract acquisition costs, current	186,855	126,822
Deferred contract acquisition costs, noncurrent	260,233	192,358
Total deferred contract acquisition costs	$ 447,088	$ 319,180

Net Loss Per Share Attributable to Common Stockholders - Narrative (Details) $ / shares in Units, $ in Millions	Jan. 31, 2023 USD ($) $ / shares shares
Earnings Per Share [Abstract]
Contingent consideration related to business combinations \| $	$ 7.9
Shares issued \| shares	86,519
Weighted average price (in dollars per share) \| $ / shares	$ 163.82

Geographic Information (Tables)

12 Months Ended

Jan. 31, 2023

Segment Reporting [Abstract]

Summary of Geographic Area

The Company’s property and equipment, net and operating lease right-of-use assets, are summarized by geographic area as follows (in thousands):


	January 31,
	2023		2022

United States	$	433,756	$	256,282
Germany	67,278		16,845
Other countries	31,237		19,185
Total property and equipment, net and operating lease right-of-use assets	$	532,271	$	292,312

Revenue, Deferred Revenue and Remaining Performance Obligations - Changes in Deferred Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Movement in Deferred Revenue [Roll Forward]
Beginning balance	$ 1,529,321	$ 911,895
Additions to deferred revenue	3,067,028	2,069,020
Recognition of deferred revenue	(2,241,236)	(1,451,594)
Ending balance	$ 2,355,113	$ 1,529,321

Income Taxes - Components of the Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Current
Federal	$ 0	$ 0	$ 0
State	855	611	401
Foreign	20,241	85,700	5,811
Total current	21,096	86,311	6,212
Deferred
Federal	135	(363)	(136)
State	89	(63)	(317)
Foreign	1,082	(13,530)	(999)
Total deferred	1,306	(13,956)	(1,452)
Provision for income taxes	$ 22,402	$ 72,355	$ 4,760

Acquisitions

12 Months Ended

Jan. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Acquisitions

Reposify Ltd.

On October 3, 2022, the Company acquired 100% of the equity interest of Reposify Ltd. (“Reposify”), a privately-held company that provides an external attack surface management platform that scans the internet for exposed assets of an organization to detect and eliminate risk from vulnerable and unknown assets before attackers can exploit them. The acquisition has been accounted for as a business combination. The total consideration transferred consisted of $18.9 million, net of cash acquired of $0.5 million, and an immaterial amount representing the fair value of replacement equity awards attributable to pre-acquisition service. The remaining fair value of these replacement awards is subject to the recipient’s continued service and thus was excluded from the purchase price. The purchase price was allocated on a preliminary basis, subject to working capital adjustment and continuing management analysis, to developed technology of $3.8 million, net tangible assets acquired of $0.9 million, and goodwill of $14.2 million, which was allocated to the Company’s one reporting unit and represents the excess of the purchase price over the fair value of net tangible and intangible assets acquired. The goodwill was primarily attributable to the assembled workforce of Reposify, planned growth in new markets, and synergies expected to be achieved from the integration of Reposify. Goodwill was not deductible for income tax purposes.

The fair value of the developed technology acquired was $3.8 million with a useful life of 72 months.

Secure Circle, LLC

On November 29, 2021, the Company acquired 100% of the equity interest of Secure Circle, LLC (“SecureCircle”), a SaaS-based cybersecurity service that extends Zero Trust security to data on, from, and to the endpoint. The acquisition has been accounted for as a business combination. The total consideration transferred was $60.6 million, which consisted solely of cash. The purchase price was allocated to identified intangible assets, which include developed technology and customer relationships of $18.3 million, net tangible assets acquired of $(0.8) million and goodwill of $43.1 million allocated to the Company’s one reporting unit, representing the excess of the purchase price over the fair value of net tangible and intangible assets acquired. The goodwill was primarily attributable to the assembled workforce of SecureCircle, planned growth in new markets, and synergies expected to be achieved from the integration of SecureCircle. Goodwill was deductible for income tax purposes.

Subsequent to the closing of the acquisition, SecureCircle employees were granted RSUs and PSUs under the 2019 Plan. The awards, which are subject to continued service, will be recognized ratably as stock-based compensation expense over the requisite service period. The awards, which are based on specified performance targets, will be recognized under the accelerated attribution method.

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (dollars in thousands):


	Fair Value		Useful Life
			(in months)
Developed technology	$	15,300	72
Customer relationships	3,000		72

Total intangible assets acquired	$	18,300

Humio Limited

On March 5, 2021, the Company acquired 100% of the equity interest of Humio Limited (“Humio”), a privately-held company that is a leading provider of high-performance cloud log management and observability technology. The total consideration transferred was $370.3 million, which consisted of $353.8 million in cash, net of $12.5 million cash acquired, and $4.0 million representing the fair value of replacement equity awards attributable to pre-acquisition service. The purchase price was allocated to identified intangible assets, which include developed technology, customer relationships, and trade names, of $75.6 million, net tangible assets acquired of $3.4 million, and goodwill of $291.3 million allocated to the Company’s one reporting unit, representing the excess of the purchase price over the fair value of net tangible and intangible assets acquired.

The goodwill was primarily attributable to the assembled workforce of Humio, planned growth in new markets, and synergies expected to be achieved from the integration of Humio. Goodwill was not deductible for income tax purposes.

Per the terms of the share purchase agreement with Humio, certain unvested stock options held by Humio employees were canceled and exchanged for replacement stock options under the 2019 Plan. Additionally, certain shares of stock issued pursuant to share-based compensation awards to entities affiliated with certain Humio employees were exchanged for replacement RSAs of the Company, which are subject to future vesting. The portion of the fair value of the replacement equity awards associated with pre-acquisition service of Humio’s employees represented a component of the total purchase consideration. The remaining fair value of these issued awards is subject to the recipients’ continued service and thus was excluded from the purchase price. In addition, Humio employees were granted RSUs and PSUs under the 2019 Plan. The awards, which are subject to continued service are recognized ratably as stock-based compensation expense over the requisite service period. The awards, which are based on specified performance targets, are recognized under the accelerated attribution method.

The following table sets forth the fair value of the identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (dollars in thousands):


	Fair Value		Useful Life
			(in months)
Developed technology	$	68,800	96
Customer relationships	5,400		96
Trade names	1,400		24
Total intangible assets acquired	$	75,600

Acquisition costs during the fiscal year ended January 31, 2023 were not material and are recorded in general and administrative expenses on the Company’s consolidated statements of operations.

The results of operations for the above acquisitions have been included in the Company’s consolidated financial statements from the date of acquisition. The acquisitions did not have material impact on the Company’s consolidated financial statements, and therefore historical and pro forma disclosures have not been presented.

Balance Sheet Components - Goodwill (Details) $ in Thousands	12 Months Ended
	Jan. 31, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 416,445
Foreign currency translation	(120)
Goodwill, beginning balance	430,645
Reposify Ltd
Goodwill [Roll Forward]
Goodwill acquired	14,239
Secure Circle, LLC
Goodwill [Roll Forward]
Goodwill acquired	$ 81

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Leases (Tables)

12 Months Ended

Jan. 31, 2023

Leases [Abstract]

Schedule of Component of Lease Costs

The components of lease costs were as follows (in thousands):


	Year Ended January 31,
	2023		2022		2021
Lease cost
Operating lease cost	$	11,084	$	11,262	$	10,308
Short-term lease cost	2,344		1,918		1,957
Variable lease cost	8,279		4,874		3,007
Total lease cost	$	21,707	$	18,054	$	15,272

Schedule of Future Minimum Payments, Leases

The maturities of the Company’s non-cancelable operating lease liabilities are as follows (in thousands):


	January 31, 2023

Fiscal 2024	$	11,766
Fiscal 2025	11,930
Fiscal 2026	9,005
Fiscal 2027	4,992
Fiscal 2028	4,432
Thereafter	4,859
Total operating lease payments	46,984
Less: imputed interest	(4,371)
Present value of operating lease liabilities	$	42,613

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jan. 31, 2023	Jan. 31, 2022
Accounts receivable allowance for doubtful accounts	$ 2.6	$ 1.6
Preferred stock par value (in dollars per share)	$ 0.0005	$ 0.0005
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A common stock
Common stock par value (in dollars per share)	$ 0.0005	$ 0.0005
Common stock shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	222,759,000	209,996,000
Common stock, shares outstanding (in shares)	222,759,000	209,996,000
Class B common stock
Common stock par value (in dollars per share)	$ 0.0005	$ 0.0005
Common stock shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	13,018,000	20,710,000
Common stock, shares outstanding (in shares)	13,018,000	20,710,000

Commitment and Contingencies - Narrative (Details)	1 Months Ended
Commitment and Contingencies - Narrative (Details)	Sep. 30, 2022 patent	May 31, 2022 patent	Mar. 31, 2022 patent	Oct. 31, 2021 USD ($)	Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)
Line of Credit Facility [Line Items]
Commitment to spend					$ 179,900,000
Loss contingency, patents \| patent	6		6
Gain contingency, patents \| patent		2
Liabilities accrued					0	$ 0
Amazon Web Services
Line of Credit Facility [Line Items]
Minimum commitment				$ 600,000,000
Remaining contractual commitment					297,600,000
CALIFORNIA \| Standby Letters of Credit
Line of Credit Facility [Line Items]
Unused standby letter of credit					400,000	$ 400,000
TEXAS \| Standby Letters of Credit
Line of Credit Facility [Line Items]
Unused standby letter of credit					$ 800,000

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021	Jan. 31, 2020
Operating Loss Carryforwards [Line Items]
Provision for income taxes	$ 22,402	$ 72,355	$ 4,760
Valuation allowance increase (decrease), amount	139,200	357,000	206,200
Deferred tax assets, valuation allowance	910,070	770,861	413,800
Research and other credit carryforwards	75,712	56,539
Unrecognized tax benefits	36,901	26,324	$ 24,447	$ 5,469
Unrecognized tax benefits that would impact effective tax rate	4,200
Domestic Tax Authority \| Federal
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	1,600,000
Research and other credit carryforwards	87,400
State and Local Jurisdiction \| California
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	248,200
Research and other credit carryforwards	18,800
State and Local Jurisdiction \| Other States
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	1,000,000
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Provision for income taxes	4,700	$ 57,200
Foreign Tax Authority \| United Kingdom
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 80,900

Balance Sheet Components - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 118,201	$ 112,110
Accumulated Amortization	31,312	14,774
Net Amount	86,889	97,336
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	101,452	97,668
Accumulated Amortization	25,866	12,000
Net Amount	$ 75,586	$ 85,668
Weighted-Average Remaining Useful Life	68 months	79 months
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 12,032	$ 12,045
Accumulated Amortization	3,831	1,973
Net Amount	$ 8,201	$ 10,072
Weighted-Average Remaining Useful Life	61 months	72 months
Other acquired intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4,717	$ 2,397
Accumulated Amortization	1,615	801
Net Amount	$ 3,102	$ 1,596
Weighted-Average Remaining Useful Life	147 months	89 months

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Jan. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits, beginning balance	$ 26,324	$ 24,447	$ 5,469
Increases in prior period tax positions		186	6,926
Decreases in prior period tax positions	(2,122)	(9,772)
Increases in current period tax positions	12,699	11,463	12,052
Unrecognized tax benefits, ending balance	$ 36,901	$ 26,324	$ 24,447