CrowdStrike Holdings, Inc. — Earnings Quality Grade F
CRWD · Technology
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 103 days, change -1 days YoY
AR growth 20.7% vs revenue growth 21.7%
Revenue 21.7%, CFFO 16.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 18.2% vs revenue 21.7%. Normal
SG&A/Gross Profit = 69.6%. Normal
Gross margin 74.7%, change -0.3pp. Stable
Cash Flow Quality
CFFO/NI = -9.92. Below 1.0
FCF $1.2B, FCF/NI = -7.64
Accruals ratio = -16.0%. Low accruals
Cash $5.2B covers debt $0.8B
Balance Sheet Health
Goodwill+Intangibles $1.5B = 34% of equity
Debt/EBITDA = 4.5x (>4x). Interest coverage = -10.5x (<2x). Financial stress
Other assets grew 182.9% vs revenue 21.7%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 43% YoY
Manipulation Score
M-Score = -2.95 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08