CrowdStrike CEO George Kurtz Photo by Seb Daly/Web Summit via Sportsfile

CrowdStrike — a cyber-security company valued at $3 billion from a last year round — has filed with the SEC to go public, joining the likes of Slack, Fastly, and Postmates which have also filed to hit the public markets this year. According to Crunchbase data, CrowdStrike has raised a total of nearly $500 million in funding.

Below are some key takes from its IPO filing:

• $250 million in revenue — for the year ended January 2019 — albeit $140 million in losses. Revenue is up from $52.7 million in 2017 and $118.7 million in 2018. Losses grew from $91.3 million in 2017 to $135 million in 2018.
• $88.4 million current cash and cash equivalents, compared to $63.1 million in 2018.
• 2,516 subscription customers in 2019, compared to 1,242 in 2018 and 450 in 2017.
• $172.7 million sales and marketing spend in fiscal 2019, compared to $104.3 million in 2018, and $53.7 million in 2018.
• $58.9 million R&D spend in 2018, compared to $39.1 million in 2017.
• $44.9 million compensation for CEO George Kurtz in fiscal 2019, $1.4 million for CFO Burt Podbere, and $1.53 million for COO Colin Black.
• 30.3% stake held by investor Warburg Pincus, 30.3% held by Accel, 11.2% held by CapitalG, 10.5% held by CEO George Kurtz.

CrowdStrike CTO Dmitri Alperovitch Photo by World Economic Forum / Benedikt Von Loebell

CrowdStrike is listing on the Nadaq Stock Market under the ticker “CRWD”. Investment banks J.P. Morgan, Barclays, Goldman Sachs, and Bank of America Merrill Lynch are leading the company’s IPO.

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