CrowdStrike Holdings, Inc.CRWD

CrowdStrike Holdings, Inc. Leases Disclosure

10-KFiled Mar 5, 20262 min read
Leases
Operating Leases
The Company has entered into non-cancelable operating lease agreements with various expiration dates through fiscal 2039. 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 was $19.6 million, $19.5 million, and $15.4 million for the fiscal years ended January 31, 2026, January 31, 2025, and January 31, 2024, respectively. Operating lease liabilities arising from obtaining operating right-of-use assets were $40.9 million and $6.8 million for the fiscal years ended January 31, 2026 and January 31, 2025, respectively.
The weighted-average remaining lease terms were 4.7 years and 2.9 years as of January 31, 2026 and January 31, 2025, respectively. The weighted-average discount rates were 5.3% and 5.5% as of January 31, 2026 and January 31, 2025, respectively.
The components of lease costs were as follows (in thousands):
Year Ended January 31,
202620252024
Lease cost
Operating lease cost$20,141 $17,326 $15,510 
Short-term lease cost5,159 3,519 3,664 
Variable lease cost14,840 11,526 8,480 
Total lease cost$40,140 $32,371 $27,654 
Sublease income for the fiscal years ended January 31, 2026, January 31, 2025 and January 31, 2024 was immaterial. As of January 31, 2026, the Company has entered into non-cancelable operating leases with lease terms greater than 12 months that have not yet commenced with undiscounted future minimum payments of $103.7 million, which are excluded from the table above. The operating leases are expected to commence between October 2026 and August 2027, with lease terms between 11.2 and 11.3 years.
The maturities of the Company’s non-cancelable operating lease liabilities are as follows (in thousands):
January 31, 2026
Fiscal 2027$16,906 
Fiscal 202820,419 
Fiscal 202914,007 
Fiscal 203011,290 
Fiscal 20317,768 
Thereafter12,285 
Total operating lease payments82,675 
Less: imputed interest(8,069)
Present value of operating lease liabilities$74,606 
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Historical Timeline

Fiscal YearFiled
2026Mar 5, 2026Showing above
2025Mar 10, 2025
2024Mar 7, 2024
2023Mar 9, 2023
2022Mar 16, 2022
2021Mar 18, 2021

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

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