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CRWD Current Contract Liabilities

Current Contract Liabilities

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As of Q3'26 (2025-10-31), CrowdStrike's current contract liabilities stand at $2.85B USD, marking a significant decrease from the previous quarter's $3.83B USD. This latest data point represents the lowest level observed since Q1'25. Over the period from Q4'23 to Q3'26, current contract liabilities generally exhibited a steady upward trend, rising from $2.36B to a peak of $3.83B in Q2'26. However, the sharp decline in Q3'26 interrupts this growth trajectory, indicating a notable inflection point. This reversal may suggest changes in customer billing cycles, contract renewals, or revenue recognition practices that warrant closer examination.