Slide 1: Financial Results Q3 FY 2026
Financial Results Q3 FY 2026 As of December 2, 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: Use of Non-GAAP Financial Measures
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 Q3 At-a-Glance
CrowdStrike Q3 At-a-Glance: Ending ARR Net New ARR Record Q3 Net New ARR $4.92B $265M +23% YoY +73% YoY Operating Income Diluted EPS $265M $0.96 Record Operating Income & EPS Cash Flow from Operations Free Cash Flow & Margin $398M $296M 24% ® CrowdStrike, Inc. All rights reserved.
Slide 5: Market Opportunity & Leadership
Market Opportunity & Leadership ® CrowdStrike, Inc. All rights reserved.
Slide 6: Across 32 Modules, Our Agentic Security Platform Creates Opportunity
Across 32 Modules, Our Agentic Security Platform Creates Opportunity Lightweight Cloud-First AI-Native Hardware Data Silos Friction ® CrowdStrike, Inc. All rights reserved.
Slide 7: $140B CY26 TAM
Endpoint Security $140B Security $22B CY26 TAM & IT Ops $23B Managed Services $26B Observability $18B Cloud Security Identity $23B Protection Threat $11B Intelligence Data $7B Protection Cybersecurity $6B Generative AI $4B See appendix for reports referenced
Slide 8: $140B CY26 TAM to $300B CY30 TAM
$300B CY30 TAM $140B 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
Slide 10: Platform Adoption
Platform Adoption ® CrowdStrike, Inc. All rights reserved.
Slide 11: Customers are Embracing the Falcon Platform
Customers are Embracing the Falcon Platform 49% 34% 24% 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 October 31, 2025. Module adoption rates exclude Falcon Go customers. See
Slide 12: Financial Overview
Financial Overview ® CrowdStrike, Inc. All rights reserved.
Slide 13: Growth at Scale
Growth at Scale 23% YoY Growth 73% YoY Growth Ending ARR Net New ARR Starting ARR Net New ARR In $ Millions $4,922 In $ Millions $4,018 $265 $153 3Q25 3Q26 3Q25 3Q26 21% YoY Growth 22% YoY Growth Subscription Revenue Total Revenue Subscription Professional Services In $ Millions In $ Millions $1,169
Slide 14: Non-GAAP Profit & Free Cash Flow
Non-GAAP Profit & Free Cash Flow 22% YoY Growth 32% YoY Growth Subscription Gross Profit Operating Income In $ Millions $942 In $ Millions $265 $771 $201 3Q25 3Q26 3Q25 3Q26 % margin 80% 81% % margin 20% 21% 26% YoY Growth 28% YoY Growth Diluted Earnings Per Share Free Cash Flow $0.96 In $ Millions
Slide 15: Key Takeaways
Key Takeaways $4.92B $265M Ending & net new ARR growth accelerated YoY 1 Q3 Results Ending ARR Net New ARR Record operating income of $265M +23% YoY +73% YoY Record Q3 free cash flow of $296M Re-Flex customers 10 customers Ending ARR from as of Q3 Flex Accounts Re-Flexed Flex Accelerating 2 >$1.35B
Slide 16: Guidance
4Q FY2026 Full Year FY2026 Total revenue $1,290.0 - $1,300.0M $4,796.6 - $4,806.6M Non-GAAP income from operations $315.4 - $319.4M $1,036.1 - $1,040.1M Non-GAAP net income attributable to $282.1 - $286.6M $949.6 - $954.0M CrowdStrike Non-GAAP net income per share attributable to CrowdStrike common
Slide 17: 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 18: Appendix
Appendix ® CrowdStrike, Inc. All rights reserved.
Slide 19: 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 20: Appendix (cont'd): CY26 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 21: 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 22: GAAP Income Statement
GAAP INCOME STATEMENT CROWDSTRIKE HOLDINGS, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Q3 FY25 Q3 FY26 Revenue Subscription $ 962,735 $ 1,168,705 Professional services 47,443 65,539 Total revenue 1,010,178 1,234,244 Cost of revenue Subscrip
Slide 23: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation CROWDSTRIKE HOLDINGS, INC. Statements of Operations: GAAP to Non-GAAP Reconciliations (in thousands) (unaudited) Q3 FY25 Q3 FY26 GAAP subscription gross profit $ 746,434 $ 910,790 Stock-based compensation expense and related employer payroll taxes(1) 19,425 24,969 Amo
Slide 24: 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) Q3 FY25 Q3 FY26 GAAP loss from operations $ (55,723) $ (69,443) Stock-based compensation expense and related em
Slide 25: 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) Q3 FY25 Q3 FY26 GAAP diluted net loss per share attributable to CrowdStrike common stockholders $ (0.07) $ (0.1
Slide 26: Free Cash Flow Reconciliation
CROWDSTRIKE HOLDINGS, INC. Free Cash Flow Reconciliation Free cash flow reconciliation (In thousands, except percentages) (unaudited) Q3 FY25 Q3 FY26 Free cash flow reconciliation GAAP net cash provided by operating activities $ 326,136 $ 397,541 Purchases of property and equipment (78,704) (83,395)
Slide 27: Supplemental Disclosure - Additional Metrics
Supplemental Disclosure - Additional Metrics CROWDSTRIKE HOLDINGS, INC. Additional Metrics (In thousands, except percentages and remaining performance obligations) (unaudited) Q3FY25 Q3FY26 Annual recurring revenue $ 4,017,540 $ 4,922,006 Year-over-year growth 27% 23% Remaining performance obligatio