As of Q3'26 (2025-10-31), CRWD reported an operating income of -69.44M USD, reflecting a continued negative trend after several quarters of deepening losses. The latest year-over-year change stands at -0.25%, indicating a slight improvement compared to the previous quarter, but the company remains in negative territory. From Q4'23 to Q4'24, CRWD demonstrated significant improvement in operating income, turning positive in Q3'24 and Q4'24, with a peak of 29.67M USD. However, starting in Q3'25, the company experienced a sharp reversal, with operating income plunging back into substantial losses, reaching a low of -124.66M USD in Q1'26. The YoY growth rate mirrored this volatility, peaking at 1.89 in Q2'25 before collapsing to double-digit negative rates in subsequent quarters, highlighting a period of pronounced operational instability over the covered period.