Slide 1: Financial Results Q2 FY 2026
Financial Results Q2 FY 2026 As of August 27, 2025 ® 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 Gross Margins, non-GAAP Operating Expenses, and Free Cash
Slide 4: CrowdStrike Q2 At-a-Glance
CrowdStrike Q2 At-a-Glance: Ending ARR Net New ARR Record Q2 Net New ARR $4.66B $221M +20% YoY Operating Income Diluted EPS $255M $0.93 Record Operating Income & EPS Cash Flow from Operations Free Cash Flow & Margin $333M $284M 24% ® CrowdStrike, Inc. All rights reserved.
Slide 5: Market Opportunity & Leadership
Market Opportunity & Leadership ® CrowdStrike, Inc. All rights reserved.
Slide 6: Across 30 Modules, Our AI-Native XDR Platform Creates Opportunity
Across 30 Modules, Our AI-Native XDR Platform Creates Opportunity Lightweight Cloud-First AI-Native Hardware Data Silos Friction ® CrowdStrike, Inc. All rights reserved.
Slide 7: $116B CY25 TAM
Security & IT Ops $20B $116B Managed Services CY25 TAM $20B Endpoint Security The AI-Native $19B Security Platform Cloud Security $17B CY25 TAM Observability Identity $15B Protection Threat $10B Intelligence Data $6B Protection $5B Cybersecurity Generative AI $4B ©2023 CrowdStrike, Inc. All rights r
Slide 8: $116B CY25 TAM to $250B CY29 TAM
$250B $116B CY29 TAM CY25 TAM The AI-Native Security Platform Security & IT Ops The AI-Native $20B Security Platform ged ces 0B Source: company estimate ©2023 CrowdStrike, Inc. All rights reserved. Source: company estimates. See appendix.
Slide 9: The Falcon Platform: Simplifying Cybersecurity
The Falcon Platform: Simplifying Cybersecurity Our Single Platform Consolidates Point Products and Lowers TCO
Slide 10: Industry Recognition
Industry Recognition ® CrowdStrike, Inc. All rights reserved.
Slide 11: CrowdStrike Named a Leader
CrowdStrike Named a Leader 2025 Gartner® Magic Quadrant for Endpoint Protection Platforms • Placed Furthest to the Right for Completeness of Vision for the Sixth Consecutive Time • Placed Highest for Ability to Execute Disclaimer: Gartner does not endorse any vendor, product or service depicted in i
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 60% of Customers with $100K+ Ending ARR Have Adopted 8+ Modules 48% 33% 23% 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 July 31,
Slide 14: Driving Rapid Platform Growth
Driving Rapid Platform Growth Cloud Security Next-Gen >$1.56B Identity 2Q26 Ending ARR Grew >40% YoY LogScale Next-Gen SIEM All figures are as of Q2 FY26 ® CrowdStrike, Inc. All rights reserved.
Slide 15: Driving Rapid Platform Growth
Driving Rapid Platform Growth Cloud Security >$700M >35% 2Q26 Ending ARR YoY Growth Next-Gen >$435M >21% Identity 2Q26 Ending ARR YoY Growth LogScale >$430M >95% Next-Gen SIEM 2Q26 Ending ARR YoY Growth All figures are as of Q2 FY26 Beginning Q2 FY26, as part of our Next-Gen Identity launch, Falcon
Slide 16: Financial Overview
Financial Overview ® CrowdStrike, Inc. All rights reserved.
Slide 17: Growth at Scale
Growth at Scale Ending ARR Net New ARR Starting ARR Net New ARR In $ Millions $4,657 In $ Millions $3,865 $218 $221 2Q25 2Q26 2Q25 2Q26 Subscription Revenue Total Revenue Subscription Professional Services In $ Millions In $ Millions $1,103 $1,169 $918 $964 2Q25 2Q26 2Q25 2Q26 Note: Fiscal year ends
Slide 18: Non-GAAP Profit & Free Cash Flow
Non-GAAP Profit & Free Cash Flow Subscription Gross Profit $885 Operating Income In $ Millions In $ Millions $742 $255 $241 2Q25 2Q26 2Q25 2Q26 % margin 81% 80% % margin 25% 22% Diluted Earnings Per Share Free Cash Flow In $ Millions $0.88 $0.93 $272 $284 2Q25 2Q26 2Q25 2Q26 % margin 28% 24% Note: F
Slide 19: Key Takeaways
Key Takeaways Total revenue grew 21% YoY to $1.17B $4.66B $221M 1 Q2 Results Ending ARR Net New ARR Record operating income of $255M +20% YoY Record Q2 free cash flow of $284M Flex customers as of Q2 Utilization of Flex Flex >1,000 contracts Re-Flex customers as of Q2 2 Accelerating New Flex custome
Slide 20: Guidance
Q3 FY2026 Full Year FY2026 Total revenue $1,208.0 - $1,218.0M $4,749.5 - $4,805.5M Non-GAAP income from operations $256.0 - $262.0M $1,000.1 - $1,040.1M Non-GAAP net income attributable to $238.1 - $242.8M $922.4 - $954.0M CrowdStrike Non-GAAP net income per share attributable to CrowdStrike common
Slide 21: Modeling Points
Modeling Points While we do not guide to ending ARR or net new ARR, our revenue guidance assumptions include high-single digit sequential net new ARR growth Q2 to Q3, and at least 40% YoY net new ARR growth for the back-half of the fiscal year, ARR Modeling Assumptions bringing ending ARR growth for
Slide 22: 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 23: Appendix
Appendix ® CrowdStrike, Inc. All rights reserved.
Slide 24: Appendix: Change in Non-GAAP Measures Presentation
Appendix Change in Non-GAAP Measures Presentation Effective as of February 1, 2025, the beginning of our fiscal year ending January 31, 2026, CrowdStrike is presenting employer payroll taxes related to employee stock-based award transactions as part of stock- based compensation expense in the GAAP t
Slide 25: Appendix (cont'd)
Appendix (cont’d) Reports used for data shown in the chart titled “CY25 TAM | The AI-Native Security Platform”: CY25 TAM: IDC Semiannual Security Products Tracker 2023H2 Historical Release. (May 2024) IDC Worldwide Device Vulnerability Management Forecast, 2024–2028: Fusing Multiple Exposure Sou
Slide 26: 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 27: GAAP Income Statement
GAAP INCOME STATEMENT CROWDSTRIKE HOLDINGS, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Q2 FY25 Q2 FY26 Revenue Subscription $ 918,257 $ 1,102,945 Professional services 45,615 66,007 Total revenue 963,872 1,168,952 Cost of revenue Subscripti
Slide 28: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation CROWDSTRIKE HOLDINGS, INC. Statements of Operations: GAAP to Non-GAAP Reconciliations (in thousands) (unaudited) Q2 FY25 Q2 FY26 GAAP subscription gross profit $ 718,347 $ 849,305 Stock-based compensation expense and related employer payroll taxes(1) 18,435 25,485 Amo
Slide 29: 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) Q2 FY25 Q2 FY26 GAAP income (loss) from operations $ 13,658 $ (112,979) Stock-based compensation expense and re
Slide 30: 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) Q2 FY25 Q2FY26 GAAP diluted net income (loss) per share attributable to CrowdStrike common stockholders $ 0.19
Slide 31: Free Cash Flow Reconciliation
CROWDSTRIKE HOLDINGS, INC. Free Cash Flow Reconciliation Free cash flow reconciliation (In thousands, except percentages) (unaudited) Q2 FY25 Q2 FY26 Free cash flow reconciliation GAAP net cash provided by operating activities $ 326,641 $ 332,832 Purchases of property and equipment (39,254) (30,497)
Slide 32: Supplemental Disclosure - Additional Metrics
Supplemental Disclosure - Additional Metrics CROWDSTRIKE HOLDINGS, INC. Additional Metrics (In thousands, except percentages and remaining performance obligations) (unaudited) Q2FY25 Q2FY26 Annual recurring revenue $ 3,864,512 $ 4,656,682 Year-over-year growth 32% 20% Remaining performance obligatio