Slide 1: Financial Results Q2 FY 2027
Financial Results Q2 FY 2027 As of August 26, 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 Q2 At-a-Glance
CrowdStrike Q2 At-a-Glance: Ending ARR Net New ARR Record Net New ARR $5.84B $333M +25% YoY +51% YoY Subscription Gross Profit & Margin Operating Income & Margin $1.14B / 81% $372M / 25% Record Non-GAAP +28% / +90 bps YoY +46% / +350 bps YoY Operating Income & EPS Diluted EPS Free Cash Flow & Margin
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: $149B CY26 TAM to $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 ® CrowdStrike, Inc. All rights reserved.
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% 26% 6+ Modules 7+ Modules 8+ Modules Subscription Customer Module Adoption Rates Percent of Subscription Customers with Multiple Cloud Module Subscriptions. All figures are as of the quarter ended July 31, 2026. Module adoption rates exclude Falcon
Slide 14: Driving Rapid Platform Growth
Driving Rapid Platform Growth Cloud Security LogScale >$2.18B Next-Gen SIEM 2Q27 Ending ARR Grew >39% YoY Next-Gen Identity All figures are as of July 31, 2026. Fiscal year ends January 31. ® CrowdStrike, Inc. All rights reserved.
Slide 15: Driving Rapid Platform Growth
Driving Rapid Platform Growth Cloud Security >$905M >29% 2Q27 Ending ARR YoY Growth LogScale >$695M >60% Next-Gen SIEM 2Q27 Ending ARR YoY Growth Next-Gen >$585M >33% Identity 2Q27 Ending ARR YoY Growth All figures are as of July 31, 2026. Fiscal year ends January 31. Beginning Q2 FY26, as part of o
Slide 16: Financial Overview
Financial Overview ® CrowdStrike, Inc. All rights reserved.
Slide 17: Growth at Scale
Growth at Scale 25% YoY Growth 51% YoY Growth Ending ARR Net New ARR Starting ARR Net New ARR In $ Millions $5,841 In $ Millions $4,657 $333 $221 2Q26 2Q27 2Q26 2Q27 27% YoY Growth 26% YoY Growth Subscription Revenue Total Revenue Subscription Professional Services In $ Millions In $ Millions $1,400
Slide 18: Non-GAAP Profit & Free Cash Flow
Non-GAAP Profit & Free Cash Flow 28% YoY Growth 46% YoY Growth Subscription Gross Profit Operating Income In $ Millions In $ Millions $1,136 $372 $885 $255 2Q26 2Q27 2Q26 2Q27 % margin 80% 81% % margin 22% 25% Diluted Earnings Per Share 34% YoY Growth Free Cash Flow 33% YoY Growth In $ Dollars In $
Slide 19: Key Takeaways
Key Takeaways $333M Record net new ARR $5.84B 1 Q2 Results Ending ARR Net New ARR Record operating income of $372M +25% YoY +51% YoY Record EPS of $0.31 Ending ARR from Average Ending ARR Uplift: Flex customers Re-Flex customers Conversion to Flex from Standard Flex Accounts Flex Accelerating as of
Slide 20: Guidance
3Q FY2027 Full Year FY2027 Annual recurring revenue $6,184.4 - $6,188.4M $6,603.0 - $6,611.9M Total revenue $1,523.2 - $1,529.2M $5,991.1 - $6,011.1M Non-GAAP income from operations $372.7 - $375.9M $1,497.2 - $1,508.4M Non-GAAP net income attributable to $325.4 - $327.9M $1,302.7 - $1,311.6M CrowdS
Slide 21: Modeling Points
Modeling Points The acquisition of XM Cyber’s technology assets is expected to close in the second half of FY27 and will XM Cyber not bring any ARR or revenue to CrowdStrike, nor are we including any ARR or revenue from this acquisition into the FY27 guidance. At the midpoint of our guidance, we exp
Slide 22: Target Operating Model
Non-GAAP Measures Target % of Revenue Subscription Gross Margin 82 – 85% Target S&M 28 – 33% Operating R&D 15 – 20% Model in Full Year G&A 5 – 7% FY29 Operating Margin 28 – 32% Free Cash Flow Margin 34 – 38% Note: Targets are on a full year basis. Target ranges assume consistent macroeconomic condit
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 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 25: Appendix (cont'd)
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 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 FY26 Q2 FY27 Revenue Subscription $ 1,102,945 $ 1,400,291 Professional services 66,007 70,606 Total revenue 1,168,952 1,470,897 Cost of revenue Subscr
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 FY26 Q2 FY27 GAAP subscription gross profit $ 850,494 $ 1,089,600 Stock-based compensation expense and related employer payroll taxes(1) 24,296 34,500 A
Slide 29: GAAP to Non-GAAP Reconciliation (Cont'd)
GAAP to Non-GAAP Reconciliation (Cont'd) CROWDSTRIKE HOLDINGS, INC. Statements of Operations: GAAP to Non-GAAP Reconciliations (continued) (in thousands, except per share data) (unaudited) Q2 FY26 Q2 FY27 GAAP loss from operations $ (105,457) $ (33,232) Stock-based compensation expense and related e
Slide 30: Free Cash Flow Reconciliation
CROWDSTRIKE HOLDINGS, INC. Free Cash Flow Reconciliation Free cash flow reconciliation (In thousands, except percentages) (unaudited) Q2 FY26 Q2 FY27 Free cash flow reconciliation GAAP net cash provided by operating activities $ 332,832 $ 530,268 Purchases of property and equipment (30,497) (124,413
Slide 31: Supplemental Disclosure - Additional Metrics
Supplemental Disclosure - Additional Metrics CROWDSTRIKE HOLDINGS, INC. Additional Metrics (In thousands, except percentages and remaining performance obligations) (unaudited) Q2 FY26 Q2 FY27 Annual recurring revenue $ 4,656,682 $ 5,841,421 Year-over-year growth 20 % 25 % Remaining performance oblig