Slide 1: Financial Results Q1 FY 2026
Financial Results Q1 FY 2026 As of June 3, 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 Q1 At-a-Glance
CrowdStrike Q1 At-a-Glance: Ending ARR Net New ARR Delivered Strong Net New ARR $4.44B $194M Operating Profit Diluted EPS $201M $0.73 Strong Operating Profit & Cash Flow Record Cash Flow from Operations Free Cash Flow & Margin $384M $279M 25% ® 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 SIEM THR ITY EAT E NT I NT ID EL P RO DA EC D T OU TA TIO CL N MA EXP GEMENT INT NA ENDPO OSURE
Slide 10: Industry Recognition
Industry Recognition ® CrowdStrike, Inc. All rights reserved.
Slide 11: 2025 Frost Radar: Cloud and Application Runtime Security Innovation and Growth Leader
2025 Frost Radar : Cloud and Application Runtime Security Innovation and Growth Leader Scored the highest of all vendors on the Innovation Index Recognized as the only CNAPP delivering unified, real-time protection across cloud, identity and endpoint Report Referenced: Frost Radar : Cloud/Applicatio
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 48% 32% 22% 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, 2025. 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 Ending ARR Net New ARR Starting ARR Net New ARR In $ Millions $4,436 In $ Millions $3,647 $212 $194 1Q25 1Q26 1Q25 1Q26 Subscription Revenue Total Revenue Subscription Professional Services In $ Millions In $ Millions $1,103 $1,051 $921 $872 1Q25 1Q26 1Q25 1Q26 Note: Fiscal year ends
Slide 16: Non-GAAP Profit & Free Cash Flow
Non-GAAP Profit & Free Cash Flow Subscription Gross Profit $841 Operating Income In $ Millions In $ Millions $703 $213 $201 1Q25 1Q26 1Q25 1Q26 % margin 81% 80% % margin 23% 18% Diluted Earnings Per Share Free Cash Flow In $ Millions $322 $279 $0.79 $0.73 1Q25 1Q26 1Q25 1Q26 % margin 35% 25% Note: F
Slide 17: Key Takeaways
Key Takeaways Subscription revenue $1.1B $4.44B $194M 1 Q1 Results Ending ARR 80% subscription gross margin Net New ARR +22% YoY $279M free cash flow Avg Flex customer deal Flex Driving Accounts that have adopted the Flex model $774M size now represent Q1 total Flex >$1M Flex customers returning to
Slide 18: Guidance
Q2 FY2026 Full Year FY2026 Total revenue $1,144.7 - $1,151.6M $4,743.5 - $4,805.5M Non-GAAP income from operations $226.9 - $233.1M $970.8 - $1,010.8M Non-GAAP net income attributable to $209.1 - $213.8M $878.7 - $909.7M CrowdStrike Non-GAAP net income per share attributable to CrowdStrike common $0
Slide 19: Modeling Points
Modeling Points While we do not guide to net new ARR, our Q2 assumptions include the sequential net new ARR growth rate to be at least ARR Modeling double over what we saw from Q1 to Q2 in the prior fiscal year. Our successful CCP program that concluded in Q4 of FY25 provided customers the one-time
Slide 20: 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 21: Appendix
Appendix ® CrowdStrike, Inc. All rights reserved.
Slide 22: 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 23: Appendix (cont'd): TAM Sources
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 24: 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 25: GAAP Income Statement
GAAP INCOME STATEMENT oe SE (inthousands.exceptpershare data) (onavcited) QIFY25 QIFY26 Revenue Subscription $ 872,172 $ 4050,768 Professional services 48.864 52.666 Totalrevenue 921036 1103,434 Costofrevenue Subscription 189.657 242874 Professional services 35,346 46769 Totalcostofrevenue 225,003 2
Slide 26: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation emer ES (inthousands) (unaudited) QUFY25 QUFY26 GAAP subscriptiongross profit $ 82515 | $ 808,394 Stock-based compensation expense and elated employer payroll taxes! 15235 25997 Amortization of acquiredintangible assets 5045 6377, Non-GAAPsubscriptiongross profit $s 7
Slide 27: GAAP to Non-GAAP Reconciliation (Cont'd)
‘CROWDSTRIKE HOLDINGS, INC. GAAP to Non-GAAP Reconciliation (Cont'd) ee (unaudited) QIFY25 QIFY26 GAAP income (loss) from operations $ e936 (124,658) Stock-based compensation expense and related employer payroll taxes"? 197,667 2ngri Amortization of acquiredintangible assets 5995 7634 Acquisition re
Slide 28: GAAP to Non-GAAP Reconciliation (Cont'd)
‘CROWDSTRIKE HOLDINGS, INC. GAAP to Non-GAAP Reconciliation (Cont'd) a Dee ee (unaudited) QUFY25 QIEY26 GAAPdilutednet income (loss) per share attributable to CrowdStrike common stockholders $ O17 $ (0.44) Stock-based compensation expense and related employer payrolltaxes!” 079 107 Amortization of a
Slide 29: Free Cash Flow Reconciliation
Free Cash Flow Reconciliation Free cash flow reconciliation GAAP net cash provided by operating activities Purchases of property and equipment Capitalized internal-use software and website development costs. Purchases of deferred compensation investments Proceeds from sale of deferred compensation i
Slide 30: Supplemental Disclosure - Additional Metrics
Supplemental Disclosure - Additional Metrics Annual recurring revenue Year-over-year growth Remaining performance obligations (in billions) Revenue by geographic regions: United States Europe, Middle East, and Africa Asia Pacific Other Total revenue Geographic breakdown of total revenue: United Stat