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DCF valuation

What is CrowdStrike Holdings, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on CrowdStrike Holdings, Inc.'s reported free cash flow gives $189.79 per share. The share price was $252.13 on September 25, 2026, 33% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$1.31B
Average free cash flow, last 5 years
$919.1M
Cash
$5.01B
balance sheet of July 31, 2026
Debt
$746.2M
balance sheet of July 31, 2026
Diluted shares, fiscal 2026
250,576,000
Revenue growth per year, last 5 years
40.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$122.00-52%
Base15.0%9.0%2.5%9.0%$189.79-25%
Bull20.0%11.5%3.0%8.0%$316.02+25%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$241.12$257.12$276.68$301.13$332.57
8.0%$202.56$212.94$225.20$239.92$257.91
9.0%$174.51$181.60$189.79$199.34$210.63
10.0%$153.24$158.28$164.00$170.54$178.08
11.0%$136.59$140.29$144.43$149.08$154.35

Where the presets come from

Base: years 1 to 5 grow at CrowdStrike Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (40.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

CrowdStrike Holdings, Inc. company page