With all the hype over last few years, thought they had half a billion revenue, instead a paltry $265MM in 2020(per their chart) and a loss of $365MM. In comparison, teradata has $2B revenue in 2019(market cap < $3B). Just another VC fueled. Wait for an year after IPO. The real value will be clear.
Remember the heydays of cloudera, hortonworks, the big data hype cycle in the recent past. It is instructive to see the current valuation of these high-fliers once.(all these vendors sell to the very same end customers). Look at the current valuation(I know cloud is the current hype thing, just like bigdata was 5 years ago). Further, all the primary cloud players, google, amazon, microsoft has their own cloud dbs.Very competitive market. it is one thing the VCs and their friends pushing it to friendly data centers, market will eventually reveal the "real value". Probably worth $4B or less in an year(after the early and late VCs have cashed out)
Public Comps co-founder Jon here! Let us know if you all have any thoughts or reaction to our analysis of Crowdstrike which is going public this Wednesday.
Here's the high-level analysis
1/ Crowdstrike is #1 Fastest Growing Public SaaS Company at 108% YoY revenue growth. Move over #Zoom
2/ There's a lot of room for Crowdstrike to grow and continue to replace legacy solutions like McAfee and Symantec which are $B+ revenue behemoths but shrinking or growing slowly.
3/ Crowdstrike has best-in-class net dollar retention at 140% which is #2 among our top SaaS companies.
4/ ⏳Crowdstrike is able to do grow relatively sales efficiently with a payback period of 15 months versus a median of 22 from top SaaS companies.
5/ Unlike Zoom, Crowdstrike is not profitable and has -25% Free Cash Flow margins (lowest among SaaS companies with the exception of Slack)
