Who Owns CrowdStrike Company?

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Who Owns CrowdStrike?

Understanding CrowdStrike's ownership is key to its strategic direction in cybersecurity. Its IPO in June 2019 transitioned it from private to public ownership, impacting its accountability and influence.

CrowdStrike, founded in 2011, is a cybersecurity leader headquartered in Austin, Texas. Its founders, George Kurtz, Dmitri Alperovitch, and Gregg Marston, pioneered a cloud-native, AI-driven approach to endpoint protection with its Falcon platform. As of fiscal year ended January 31, 2025, the company reported total assets of approximately $8.7 billion and total equity of about $3.28 billion, with revenues reaching $3.95 billion. Its market capitalization stood around $89.2 billion as of July 2025.

This analysis explores CrowdStrike's ownership journey, from its founders and early investors to its public market shareholders, highlighting significant shifts over time.

CrowdStrike was co-founded in 2011 by George Kurtz, Dmitri Alperovitch, and Gregg Marston, with George Kurtz, the current CEO, bringing prior cybersecurity experience from Foundstone. The company officially launched in February 2012, initially operating from Irvine, California.

Founding Team

CrowdStrike was established in 2011 by George Kurtz, Dmitri Alperovitch, and Gregg Marston. George Kurtz, who also serves as the current CEO, previously founded Foundstone, a company later acquired by McAfee.

Initial Operations

The cybersecurity company officially commenced its operations in February 2012. Its early base of operations was established in Irvine, California.

Early Funding Rounds

Initial funding included a significant $25 million from Warburg Pincus. George Kurtz was an 'entrepreneur-in-residence' at Warburg Pincus to develop the company's concept.

Key Early Investors

Notable early investors in CrowdStrike included Accel Partners, Telstra, March Capital Partners, and Rackspace. These firms provided crucial early-stage capital.

Series C Financing

In July 2015, Google Capital led a $100 million Series C financing round. This brought the total funding raised at that point to $156 million, with continued participation from Accel and Warburg Pincus.

Valuation Growth

By June 2018, following a Series E round of $200 million led by General Atlantic, the company's valuation surpassed $3 billion. Accel, IVP, and March Capital also participated in this funding round.

While specific initial equity splits for the founders are not publicly disclosed, the early financial history of CrowdStrike highlights a strong reliance on venture capital and institutional investors to support its rapid expansion and development in the competitive cybersecurity landscape. Understanding the Mission, Vision & Core Values of CrowdStrike provides context for its strategic direction and investor appeal.

Founders and Early Investment

CrowdStrike's journey began with its co-founders, George Kurtz, Dmitri Alperovitch, and Gregg Marston, in 2011. The company's growth was significantly fueled by substantial early-stage investments from prominent venture capital firms and private equity.

• CrowdStrike was co-founded in 2011.
• Key founders include George Kurtz (also CEO), Dmitri Alperovitch, and Gregg Marston.
• Initial operations commenced in February 2012 in Irvine, California.
• Warburg Pincus provided $25 million in initial funding.
• Notable early investors included Accel Partners, Telstra, March Capital Partners, and Rackspace.
• By June 2018, the company's valuation reached over $3 billion after a Series E round.

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CrowdStrike's ownership landscape underwent a significant transformation with its successful initial public offering (IPO) on June 14, 2019. The company debuted on the Nasdaq Global Select Market under the ticker 'CRWD', pricing 18,000,000 shares of Class A common stock at $34.00 each, with the stock opening at $63.50.

As of January 31, 2025, CrowdStrike had approximately 247,873,415 shares of Class A common stock outstanding. Institutional investors are the dominant force in CrowdStrike's ownership, holding about 74% of the company's shares as of September 2024. This substantial institutional backing means that the investment decisions of these entities can significantly impact the company's stock performance. Key institutional shareholders include Vanguard Group Inc, BlackRock, Inc., State Street Corp, Morgan Stanley, and Jennison Associates Llc. Notably, BlackRock, Inc. was the largest shareholder as of January 2024, owning 6.8% of the outstanding shares. The collective ownership by the top 25 shareholders stood at 45% in September 2024. The general public, or individual investors, held approximately 27% of the company's shares as of January 2024.

Key Financial Growth and Strategic Acquisitions

CrowdStrike has demonstrated robust financial growth, with total revenue increasing by 29% to $3.95 billion for the fiscal year ending January 31, 2025. Subscription revenue also saw a healthy rise of 31%, reaching $3.76 billion. The company's Annual Recurring Revenue (ARR) reached $4.24 billion by January 31, 2025, and further climbed to $4.4 billion by April 30, 2025.

• Total revenue grew 29% to $3.95 billion in FY2025.
• Subscription revenue increased 31% to $3.76 billion.
• ARR reached $4.24 billion as of January 31, 2025.
• ARR grew to $4.4 billion by April 30, 2025.
• Acquisitions in 2024 included Flow Security ($200 million) and Adaptive Shield ($300 million).

This sustained growth trajectory is supported by significant institutional investment, which plays a crucial role in CrowdStrike's market standing and strategic expansion initiatives. These initiatives include key acquisitions made in 2024, such as Flow Security for $200 million and Adaptive Shield for $300 million, both aimed at bolstering its cloud security capabilities. Understanding the Revenue Streams & Business Model of CrowdStrike provides further context to the company's financial performance and the confidence of its major shareholders.

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CrowdStrike's Board of Directors is comprised of individuals with deep expertise in cybersecurity and business leadership. The board includes founders, representatives from significant investment firms, and independent directors, ensuring a diverse range of perspectives. Key figures on the board contribute to the company's strategic direction and governance.

The voting power structure at CrowdStrike has undergone a significant transformation. Previously, a dual-class share system was in place, where Class B shares held ten votes per share, while Class A shares had one vote per share. This arrangement concentrated voting control, with Class B shares representing approximately 99% of the voting power post-IPO. However, on December 11, 2024, all Class B shares automatically converted to Class A shares on a one-for-one basis. This conversion was triggered when Class B shares fell below 5% of the total outstanding shares. Consequently, all shares now carry a single vote, establishing a one-share-one-vote system and eliminating the super-voting rights. This change also led to the retirement of Class B Common Stock from the company's authorized share structure. The board of directors retains the exclusive right to elect directors to fill vacancies, a mechanism that can influence control.

Understanding CrowdStrike's Shareholder Structure

CrowdStrike's transition to a single-class share structure has democratized voting power among its shareholders. This move is crucial for understanding CrowdStrike ownership and how decisions are made.

• All outstanding Class B shares converted to Class A on December 11, 2024.
• This conversion established a one-share-one-vote system.
• The change was prompted by Class B shares falling below 5% of total outstanding shares.
• This impacts how CrowdStrike stock ownership translates to voting influence.
• Understanding this shift is key to analyzing CrowdStrike investors and their impact.

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Over the past few years, CrowdStrike has undergone significant structural and strategic changes impacting its ownership. A key event was the elimination of its dual-class stock structure, unifying voting power and simplifying its shareholder base.

CrowdStrike's ownership profile reflects a strong institutional backing, with these entities holding a substantial portion of the company's stock. This confidence is maintained despite recent strategic investments and operational adjustments aimed at long-term growth and efficiency. The company's financial performance, particularly its revenue growth and increasing Annual Recurring Revenue (ARR), continues to be a key driver for investor interest.

Shareholder Value Initiatives

The approval of a $1.0 billion share repurchase program in June 2025 signals a commitment to enhancing shareholder returns. This move often indicates management's belief that the company's stock is undervalued.

Strategic Acquisitions for Growth

Acquisitions like Flow Security and Adaptive Shield for a combined $500 million in 2024 demonstrate a strategy to bolster its cybersecurity platform. These moves are crucial for staying competitive in the evolving tech landscape and understanding the Competitors Landscape of CrowdStrike.

Financial Performance and Outlook

Fiscal year 2025 saw total revenue climb to $3.95 billion, a 29% increase, with ARR reaching $4.4 billion by April 30, 2025. The company has set an ambitious target of $10 billion in ARR by fiscal year 2031.

Workforce Adjustments and Efficiency

A strategic reduction of approximately 500 positions, or 5% of its global workforce, was announced in May 2025. This decision is intended to streamline operations and improve efficiencies as the company scales.

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