Crowdstrike Holdings, Inc. · NASDAQ:CRWD
Crowdstrike — Q1 2027 Earnings Presentation
30 slides from Crowdstrike's earnings presentation, Jun 3, 2026
Slide 1: Financial Results Q1 FY 2027
Financial Results Q1 FY 2027 As of June 3, 2026 ® CrowdStrike, Inc. All rights reserved.
Slide 2: Safe Harbor
Safe Harbor This presentation includes express and implied “forward-looking statements”, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases
Slide 3: Financial Information
Financial Information Use of Non-GAAP Financial Measures In addition to our results determined in accordance with U.S. generally accepted accounting principles (“GAAP”), we believe non-GAAP measures used in this presentation, such as non-GAAP operating income, non-GAAP gross margins, non-GAAP operat
Slide 4: CrowdStrike Q1 At-a-Glance
CrowdStrike Q1 At-a-Glance: Ending ARR Net New ARR Record Q1 Net New ARR $5.51B $256M +24% YoY +32% YoY Operating Income Diluted EPS Record Q1 Operating $326M $1.10 +62% YoY +51% YoY Income & EPS, All-Time Record Cash Flow from Operations Free Cash Flow & Margin Cash Flow $591M $468M 34% +54% YoY ®
Slide 5: Market Opportunity & Leadership
Market Opportunity & Leadership ® CrowdStrike, Inc. All rights reserved.
Slide 6: Across 33 Modules, Our Agentic Security Platform Creates Opportunity
Across 33 Modules, Our Agentic Security Platform Creates Opportunity Lightweight Cloud-First AI-Native Hardware Data Silos Friction ® CrowdStrike, Inc. All rights reserved.
Slide 7: $149B CY26 TAM
Managed Services $149B Security $26B CY26 TAM & IT Ops Cloud $23B Security $23B Endpoint Security $22B Observability Identity $18B Protection Threat $17B Intelligence Data $7B Protection Cybersecurity $6B Generative AI Browser $4B Security $3B See appendix for reports referenced
Slide 8: $325B CY30 TAM
$325B CY30 TAM $149B CY26 TAM Source: company estimate. See appendix.
Slide 9: The Falcon Platform: Simplifying Cybersecurity
The Falcon Platform: Simplifying Cybersecurity Our Single Platform Consolidates Point Products and Lowers TCO THREAT DATA EXPOSURE DATA AI BROWSER ENDPOINT CLOUD IDENTITY SIEM INTEL PROTECTION MANAGEMENT PIPELINE SECURITY SECURITY
Slide 10: Industry Recognition
Industry Recognition ® CrowdStrike, Inc. All rights reserved.
Slide 11: CrowdStrike Named a Leader
CrowdStrike Named a Leader 2026 Gartner® Magic Quadrant for Endpoint Protection • Named a Leader for the Seventh Consecutive Time • Positioned Highest for Ability to Execute and Furthest Right in Completeness of Vision for the Fourth Year in a Row Disclaimer: Gartner does not endorse any company, ve
Slide 12: Platform Adoption
Platform Adoption ® CrowdStrike, Inc. All rights reserved.
Slide 13: Customers are Embracing the Falcon Platform
Customers are Embracing the Falcon Platform 51% 35% 25% 6+ Modules 7+ Modules 8+ Modules Module Adoption Rates Percent of Subscription Customers with Multiple Cloud Module Subscriptions. All figures are as of the quarter ended April 30, 2026. Module adoption rates exclude Falcon Go customers. See ap
Slide 14: Financial Overview
Financial Overview ® CrowdStrike, Inc. All rights reserved.
Slide 15: Growth at Scale
Growth at Scale 24% YoY Growth 32% YoY Growth Ending ARR Net New ARR Starting ARR Net New ARR In $ Millions $5,509 In $ Millions $4,436 $256 $194 1Q26 1Q27 1Q26 1Q27 26% YoY Growth 26% YoY Growth Subscription Revenue Total Revenue Subscription Professional Services In $ Millions In $ Millions $1,386
Slide 16: Non-GAAP Profit & Free Cash Flow
Non-GAAP Profit & Free Cash Flow 27% YoY Growth 62% YoY Growth Subscription Gross Profit Operating Income In $ Millions In $ Millions $1,069 $841 $326 $201 1Q26 1Q27 1Q26 1Q27 % margin 80% 81% % margin 18% 24% Diluted Earnings Per Share 51% YoY Growth Free Cash Flow 68% YoY Growth In $ Dollars In $
Slide 17: Key Takeaways
Key Takeaways Record Q1 net new ARR $5.51B $256M 1 Q1 Results Ending ARR Net New ARR Record Q1 operating income of $326M +24% YoY +32% YoY Record free cash flow of $468M Ending ARR from Flex customers Re-Flex customers Avg Re-Flex Flex Accounts as of Q1 as of Q1 Flex Accelerating Ending ARR Uplift 2
Slide 18: Our Four-For-One Stock Split
Our Four-For-One Stock Split Making CrowdStrike shares more accessible to investors Announcement Record Payment Ex-Split Date Date Date Date 6/3/2026 6/25/2026 7/1/2026 7/2/2026 Stockholders as of Stockholders are Shares are the close of issued their stock expected to begin business become split sha
Slide 19: Guidance
2Q FY2027 Full Year FY2027 Annual recurring revenue $5,792.6 - $5,794.6M $6,531.7 - $6,555.5M Total revenue $1,436.0 - $1,442.0M $5,914.7 - $5,958.7M Non-GAAP income from operations $345.6 - $349.1M $1,452.3 - $1,480.3M Non-GAAP net income attributable to $300.7 - $303.4M $1,263.1 - $1,285.2M CrowdS
Slide 20: Modeling Points
Modeling Points Given our Q1 net new ARR outperformance and increased outlook for the full fiscal year, we now expect ARR Assumptions FY27 net new ARR seasonality to be approximately 42% in 1H and 58% in 2H. We are announcing a four-for-one forward stock split of CrowdStrike’s common stock to make o
Slide 21: Target Operating Model
Non-GAAP Measures Target % of Revenue Subscription Gross Margin 82 – 85% S&M 28 – 33% Target R&D 15 – 20% Operating Model G&A 5 – 7% Operating Margin 28 – 32% Free Cash Flow Margin 34 – 38% Note: Targets are on a full year basis. Target ranges assume consistent macroeconomic conditions and do not in
Slide 22: Appendix
Appendix ® CrowdStrike, Inc. All rights reserved.
Slide 23: Appendix: Change in Non-GAAP Measures Presentation
Appendix Change in Non-GAAP Measures Presentation Effective second quarter fiscal year 2026, CrowdStrike adopted a 21.0% long-term projected non-GAAP tax rate, reduced from the previous rate of 22.5%, in connection with the enactment of the One Big Beautiful Bill Act. This rate reflects the anticipa
Slide 24: Appendix (cont'd): TAM Reports
Appendix (cont’d) Reports used for data shown in the chart titled “CY26 TAM”: CY26 TAM: ▪ Forrester Global Commercial AI Software Governance Market Forecast, 2024 to 2030 (October 2024) ▪ Gartner, Forecast Analysis: GenAI Spending in Software Markets. (April 2025) ▪ Gartner, Forecast: IoT Market Opp
Slide 25: Explanation of Non-GAAP Financial Measures
Appendix (cont’d) Explanation of Non-GAAP Financial Measures Non-GAAP Subscription Gross Profit and Non-GAAP Subscription Gross Margin We define non-GAAP subscription gross profit and non-GAAP subscription gross margin as GAAP subscription gross profit and GAAP subscription gross margin, respectivel
Slide 26: GAAP Income Statement
GAAP INCOME STATEMENT CROWDSTRIKE HOLDINGS, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Q1 FY26 Q1 FY27 Revenue Subscription $ 1,050,768 $ 1,320,853 Professional services 52,666 64,776 Total revenue 1,103,434 1,385,629 Cost of revenue Subscr
Slide 27: GAAP to Non-GAAP Reconciliation
GAAP to Non -GAAP Reconciliation CROWDSTRIKE HOLDINGS, INC. Statements of Operations: GAAP to Non -GAAP Reconciliations (in thousands) (unaudited) Q1 FY26 Q1 FY27 GAAP subscription gross profit $ 809,408 $ 1,032,390 Stock -based compensation expense and related employer payroll taxes (1) 24,983 25,0
Slide 28: GAAP to Non-GAAP Reconciliation (Cont'd)
CROWDSTRIKE HOLDINGS, INC. GAAP to Non -GAAP Reconciliation (Cont'd) Statements of Operations: GAAP to Non -GAAP Reconciliations (continued) (in thousands, except per share data) (unaudited) Q1 FY26 Q1 FY27 GAAP loss from operations $ (118,713) $ (30,600) Stock -based compensation expense and relate
Slide 29: Free Cash Flow Reconciliation
CROWDSTRIKE HOLDINGS, INC. Free Cash Flow Reconciliation Free cash flow reconciliation (In thousands, except percentages) (unaudited) Q1 FY26 Q1 FY27 Free cash flow reconciliation GAAP net cash provided by operating activities $ 384,107 $ 590,937 Purchases of property and equipment (85,751) (97,624)
Slide 30: Supplemental Disclosure - Additional Metrics
Supplemental Disclosure - Additional Metrics CROWDSTRIKE HOLDINGS, INC. Additional Metrics (In thousands, except percentages and remaining performance obligations) (unaudited) Q1 FY26 Q1 FY27 Annual recurring revenue $ 4,435,596 $ 5,508,596 Year -over-year growth 22 % 24 % Remaining performance obli