Subscription And Circulation — Total Cost of Revenue
CrowdStrike Holdings, Inc. Subscription And Circulation — Total Cost of Revenue increased by 1.7% to $257.92M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 19.2%, from $216.30M to $257.92M. Over 2 years (FY 2023 to FY 2025), Subscription And Circulation — Total Cost of Revenue shows an upward trend with a 27.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may signal declining gross margins or inefficiencies in cloud infrastructure, while a decrease relative to revenue suggests improved operational leverage.
Detailed definition
This metric captures the direct costs associated with delivering the subscription-based software services, including clo...
Peer comparison
Comparable to Cost of Subscription Revenue or Cost of Services reported by other software-as-a-service (SaaS) companies.
crwd_segment_subscription_total_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $64.90M | $75.99M | $85.46M | $107.94M | $120.09M | $134.23M | $56.45M | $142.10M | $153.31M | $159.83M | $24.88M | $189.66M | $199.91M | $216.30M | $81.58M | $242.37M | $253.64M | $257.92M |
| QoQ Change | — | +17.1% | +12.5% | +26.3% | +11.3% | +11.8% | -57.9% | +151.7% | +7.9% | +4.3% | -84.4% | +662.4% | +5.4% | +8.2% | -62.3% | +197.1% | +4.6% | +1.7% |
| YoY Change | — | — | — | +66.3% | +58.0% | +57.1% | — | +31.6% | +27.7% | +19.1% | -55.9% | +33.5% | +30.4% | +35.3% | +227.9% | +27.8% | +26.9% | +19.2% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is CrowdStrike Holdings, Inc.'s subscription and circulation — total cost of revenue?
- CrowdStrike Holdings, Inc. (CRWD) reported subscription and circulation — total cost of revenue of $257.92M in Q4 2025.
- How has CrowdStrike Holdings, Inc.'s subscription and circulation — total cost of revenue changed year-over-year?
- CrowdStrike Holdings, Inc.'s subscription and circulation — total cost of revenue increased by 19.2% year-over-year, from $216.30M to $257.92M.
- What is the long-term trend for CrowdStrike Holdings, Inc.'s subscription and circulation — total cost of revenue?
- Over 2 years (2023 to 2025), CrowdStrike Holdings, Inc.'s subscription and circulation — total cost of revenue has grown at a 27.8% compound annual growth rate (CAGR), from $511.68M to $835.51M.
- What does subscription and circulation — total cost of revenue mean?
- The direct expenses incurred to provide and maintain the software subscription services for customers.