CrowdStrike Holdings, Inc. is a leading cybersecurity company that provides cloud-based endpoint protection, threat intelligence, and managed security solutions to organizations worldwide. Founded in 2011, the company has experienced rapid growth and established itself as a market leader in the cybersecurity space.
CrowdStrike's inclusion in the S&P 500 index in 2024 was a significant milestone, reflecting its strong financial performance and market leadership. The company has consistently demonstrated high double-digit revenue growth since its initial public offering (IPO), surpassing $1 billion in annual revenue in 2023. This impressive growth is attributed to its expanding customer base, which includes a diverse range of large enterprises across various industries.
Furthermore, CrowdStrike has achieved profitability and positive cash flow, with GAAP-based profitability since 2020. The company's market leadership is evident in the cloud-delivered endpoint protection platform market, where it holds a substantial market share. CrowdStrike's strong fundamentals and market position make it a valuable addition to the S&P 500, offering increased visibility and liquidity for its shares.