Slide 1: Financial Results Q4 FY 2026
Financial Results Q4 FY 2026 As of March 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 Q4 At-a-Glance
CrowdStrike Q4 At-a-Glance: Ending ARR Net New ARR Record Net New ARR $5.25B $331M +24% YoY +47% YoY Operating Income Diluted EPS $326M $1.12 Record Operating +45% YoY +38% YoY Income, EPS & Cash Flow Cash Flow from Operations Free Cash Flow & Margin $498M $376M 29% +44% YoY ® CrowdStrike, Inc. All
Slide 5: FY26 At-a-Glance
FY26 At-a-Glance Achieved Reached Delivered $1.01B $5.25B $1.24B Net New ARR Ending ARR Free Cash Flow 81% 22% 26% Free Cash Non-GAAP Subscription Gross Margin Non-GAAP Operating Margin Flow Margin 47 Free Cash Flow Rule of 40 All financial figures as of fiscal year ended January 31, 2026. See Appen
Slide 6: Market Opportunity & Leadership
Market Opportunity & Leadership ® CrowdStrike, Inc. All rights reserved.
Slide 7: 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 8: CrowdStrike is Driving the AI Revolution
CrowdStrike is Driving the AI Revolution See how CrowdStrike is using the AI-native Falcon platform to fight AI-enabled adversaries, and how we are protecting AI agents from being exploited by adversaries. LEARN MORE
Slide 9: $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 10: $325B CY30 TAM
$325B CY30 TAM $149B CY26 TAM Source: company estimate. See appendix.
Slide 11: 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 12: Industry Recognition
Industry Recognition ® CrowdStrike, Inc. All rights reserved.
Slide 13: A Customers' Choice for EPP, ASPM, EASM & User Authentication
A Customers’ Choice for EPP, ASPM, EASM & User Authentication Recognized as a Customers’ Choice 2025 in Gartner® Peer Insights • ‘Voice of the Customer for Endpoint Protection Platforms’ • ‘Voice of the Customer for Application Security Posture Management (ASPM) Tools’ • ‘Voice of the Customer for E
Slide 14: Platform Adoption
Platform Adoption ® CrowdStrike, Inc. All rights reserved.
Slide 15: Customers are Embracing the Falcon Platform
Customers are Embracing the Falcon Platform 50% 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 January 31, 2026. Module adoption rates exclude Falcon Go customers. See
Slide 16: Driving Rapid Platform Growth
Driving Rapid Platform Growth Cloud Security LogScale >$1.9B Next-Gen SIEM 4Q26 Ending ARR Grew >45% YoY Next-Gen Identity All figures are as of Q4 FY26 ® CrowdStrike, Inc. All rights reserved.
Slide 17: Driving Rapid Platform Growth
Driving Rapid Platform Growth Cloud Security >$800M >35% 4Q26 Ending ARR YoY Growth LogScale >$585M >75% Next-Gen SIEM 4Q26 Ending ARR YoY Growth Next-Gen >$520M >34% Identity 4Q26 Ending ARR YoY Growth All figures are as of Q4 FY26 Beginning Q2 FY26, as part of our Next-Gen Identity launch, Falcon
Slide 18: Financial Overview
Financial Overview ® CrowdStrike, Inc. All rights reserved.
Slide 19: Growth at Scale
Growth at Scale 24% YoY Growth Ending ARR Net New ARR Starting ARR Net New ARR In $ Millions $5,253 In $ Millions $4,242 47% YoY Growth 25% YoY Growth $1,011 $331 $807 $224 4Q25 4Q26 FY25 FY26 4Q25 4Q26 Subscription Revenue Total Revenue Subscription Professional Services In $ Millions In $ Millions
Slide 20: Non-GAAP Profit & Free Cash Flow
Non-GAAP Profit & Free Cash Flow Subscription Gross Profit Operating Income In $ Millions In $ Millions 24% YoY Growth 21% YoY Growth 45% YoY Growth 19% YoY Growth $3,676 $326 $1,046 $1,008 $3,026 $880 $810 $225 4Q25 4Q26 FY25 FY26 4Q25 4Q26 FY25 FY26 % margin 80% 81% 80% 81% % margin 21% 25% 22% 22
Slide 21: Strong Customer Retention & Expansion
Strong Customer Retention & Expansion Dollar-Based Retention Rates for Subscription ARR (1-Year Prior Cohort) 1Q26 2Q26 3Q26 4Q26 112% 111% 114% 115% Net Retention Net Retention Net Retention Net Retention 97% 97% 97% 97% Gross Retention Gross Retention Gross Retention Gross Retention ® CrowdStrike,
Slide 22: Key Takeaways
Key Takeaways $5.25B $331M Record net new ARR 1 Q4 Results Ending ARR Net New ARR Record operating income of $326M +24% YoY +47% YoY Record free cash flow of $376M Ending ARR from Flex customers Re-Flex customers Customers Re-Flexing Flex Accounts as of Q4 as of Q4 Flex Accelerating Multiple Times 2
Slide 23: Guidance
1Q FY2027 Full Year FY2027 Annual recurring revenue $5,501.8 - $5,503.8M $6,465.8 - $6,516.4M Total revenue $1,360.0 - $1,364.0M $5,867.6 - $5,927.6M Non-GAAP income from operations $308.0 - $310.4M $1,422.2 - $1,462.2M Non-GAAP net income attributable to $275.2 - $277.1M $1,241.0 - $1,271.1M CrowdS
Slide 24: FY27 Guidance Bridge
FY27 Guidance Bridge Guidance Excluding the Effects of Acquisitions & Guidance Change in Sales Acquisitions Change in Sales Commission Amortization Commission Amortization(1)(2) Annual recurring revenue $6,465.8 - $6,516.4M N/A $(5.0) - $(8.0)M $6,460.8 - $6,508.4M Total revenue $5,867.6 - $5,927.6M
Slide 25: Modeling Points
Modeling Points The outlook provided on March 3rd includes the acquisitions of SGNL and Seraphic, both of which closed in February and Acquired ARR from are expected to contribute a combined $5-8M of acquired net new ARR in Q1. We are assuming minimal organic SGNL and Seraphic contribution from thes
Slide 26: 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 27: Appendix
Appendix ® CrowdStrike, Inc. All rights reserved.
Slide 28: 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 29: Appendix (cont'd): TAM Reports Referenced
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 30: 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 31: GAAP Income Statement
GAAP INCOME STATEMENT CROWDSTRIKE HOLDINGS, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) Q4 FY25 Q4 FY26 FY25 FY26 Revenue Subscription $ 1,008,316 $ 1,242,265 $ 3,761,480 $ 4,564,683 Professional services 50,222 63,110 192,144 247,322 Total
Slide 32: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation CROWDSTRIKE HOLDINGS, INC. Statements of Operations: GAAP to Non-GAAP Reconciliations (in thousands) (unaudited) Q4 FY25 Q4 FY26 FY25 FY26 GAAP subscription gross profit $ 779,597 $ 977,156 $ 2,926,902 $ 3,548,768 Stock-based compensation expense and related employer
Slide 33: 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) Q4 FY25 Q4 FY26 FY25 FY26 GAAP loss from operations $ (79,305) $ (6,900) $ (116,400) $ (293,292) Stock-based co
Slide 34: Free Cash Flow Reconciliation
CROWDSTRIKE HOLDINGS, INC. Free Cash Flow Reconciliation Free cash flow reconciliation (In thousands, except percentages) (unaudited) Q4 FY25 Q4 FY26 FY25 FY26 Free cash flow reconciliation GAAP net cash provided by operating activities $ 345,722 $ 497,869 $ 1,381,727 $ 1,612,349 Purchases of proper
Slide 35: Supplemental Disclosure - Additional Metrics
Supplemental Disclosure - Additional Metrics CROWDSTRIKE HOLDINGS, INC. Additional Metrics (In thousands, except percentages and remaining performance obligations) (unaudited) Q4FY25 Q4FY26 Annual recurring revenue $ 4,241,838 $ 5,252,751 Year-over-year growth 23% 24% Remaining performance obligatio