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Financial Results Q2 FY 2027 ® CrowdStrike, Inc. All rights reserved. As of August 26, 2026
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Safe Harbor ® CrowdStrike, Inc. All rights reserved. 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, can be identified by terms such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms, and similar expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in this presentation include, but are not limited to, statements concerning our estimates of market size and opportunity, competitive landscape, strategic plans or objectives, our growth prospects, projections (including our long-term model), the impact of the July 19 Incident, our product roadmap and future initiatives, the performance and benefits of our products and services, and our anticipated tax rate. By their nature, these statements are subject to numerous risks and uncertainties, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. Such risks and uncertainties are described in the “Risk Factors” section of our most recent Form 10-K, most recent Form 10-Q, and subsequent filings with the Securities and Exchange Commission. Although our management believes that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Recipients are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date of this presentation and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events. Information in this presentation on new products, features, and functionality, including our expectations with respect to the development, release and timing thereof, is for informational purposes only and should not be relied upon. Certain information contained in this presentation and statements made orally during this presentation relate to or are based on studies, publications, surveys and other data obtained from third-party sources and CrowdStrike’s own internal estimates and research. While CrowdStrike believes these third-party studies, publications, surveys and other data to be reliable as of the date of this presentation, it has not independently verified, and makes no representations as to the adequacy, fairness, accuracy or completeness of, any information obtained from third-party sources. In addition, no independent source has evaluated the reasonableness or accuracy of CrowdStrike’s internal estimates or research and no reliance should be made on any information or statements made in this presentation relating to or based on such internal estimates and research.
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Financial Information ® CrowdStrike, Inc. All rights reserved. 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 operating expenses, non-GAAP subscription gross profit, non- GAAP net income per share attributable to common stockholders, diluted, and free cash flow, are useful in evaluating our operating performance. We use such non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance and facilitates period-to-period comparisons of operations, as these measures eliminate the effects of certain variables unrelated to our overall operating performance. Other companies, including companies in our industry, may calculate similarly titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. In addition, the utility of free cash flow as a measure of our financial performance and liquidity is limited as it does not represent the total increase or decrease in our cash balance for a given period. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business. Please see the appendix included at the end of this presentation for a discussion of non-GAAP financial measures and a reconciliation of historical non-GAAP measures to historical GAAP measures. Our Fiscal Year Our fiscal year end is January 31, and our fiscal quarters end on April 30, July 31, October 31 and January 31. Our fiscal years ended January 31, 2026, 2027, 2028, 2029, 2030 and 2031 are referred to herein as fiscal 2026, 2027, 2028, 2029, 2030 and 2031, respectively. Stock Split After the close of trading on July 1, 2026, CrowdStrike effected a four-for-one stock split of its common stock in the form of a stock dividend. References made to all share and per share amounts and related stockholders' equity balances related to the company's outstanding common stock have been retroactively adjusted to reflect the effects of the stock split.
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CrowdStrike Q2 At-a-Glance: Record Net New ARR Record Non-GAAP Operating Income & EPS Ending ARR Net New ARR $1.14B / 81% +28% / +90 bps YoY Subscription Gross Profit & Margin $372M / 25% +46% / +350 bps YoY Operating Income & Margin $0.31 +34% YoY Diluted EPS Free Cash Flow & Margin ® CrowdStrike, Inc. All rights reserved. $5.84B +25% YoY $333M +51% YoY $377M / 26% +33% / +140 bps YoY
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Market Opportunity & Leadership ® CrowdStrike, Inc. All rights reserved.
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Lightweight Cloud-First AI-Native Hardware Data Silos Friction Across 33 Modules, Our Agentic Security Platform Creates Opportunity ® CrowdStrike, Inc. All rights reserved.
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$23B Security & IT Ops $23B Cloud Security $22B Endpoint Security $18B Observability $17B Identity Protection $7B Threat Intelligence Data Protection $6B $4B Cybersecurity Generative AI $3B Browser Security CY26 TAM $149B See appendix for reports referenced $26B Managed Services
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$325B CY30 TAM CY26 TAM $149B Source: company estimate. See appendix.
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The Falcon Platform: Simplifying Cybersecurity Our Single Platform Consolidates Point Products and Lowers TCO ENDPOINT CLOUD IDENTITY SIEM THREAT INTEL DATA PROTECTION EXPOSURE MANAGEMENT DATA PIPELINE AI SECURITY BROWSER SECURITY
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Industry Recognition ® CrowdStrike, Inc. All rights reserved.
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• 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 2026 Gartner® Magic Quadrant for Endpoint Protection CrowdStrike Named a Leader ® CrowdStrike, Inc. All rights reserved.
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Platform Adoption ® CrowdStrike, Inc. All rights reserved.
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Customers are Embracing the Falcon Platform 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 Go customers. See appendix for the definition of module adoption rates. ® CrowdStrike, Inc. All rights reserved. Subscription Customer Module Adoption Rates 51% 6+ Modules 35% 7+ Modules 26% 8+ Modules
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Driving Rapid Platform Growth ® CrowdStrike, Inc. All rights reserved. Cloud Security Next-Gen Identity >$2.18B 2Q27 Ending ARR All figures are as of July 31, 2026. Fiscal year ends January 31. Grew >39% YoY LogScale Next-Gen SIEM
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Driving Rapid Platform Growth ® CrowdStrike, Inc. All rights reserved. LogScale Next-Gen SIEM Cloud Security All figures are as of July 31, 2026. Fiscal year ends January 31. Beginning Q2 FY26, as part of our Next-Gen Identity launch, Falcon Shield is reflected in Next-Gen Identity ending ARR and is not reflected in the Cloud Security ending ARR. Year-over-year growth rates reflect this change. >$905M 2Q27 Ending ARR >29% YoY Growth >$695M 2Q27 Ending ARR >60% YoY Growth Next-Gen Identity >$585M 2Q27 Ending ARR >33% YoY Growth
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Financial Overview ® CrowdStrike, Inc. All rights reserved.
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® CrowdStrike, Inc. All rights reserved. Net New ARR In $ Millions Growth at Scale Subscription Revenue In $ Millions Subscription Professional ServicesTotal Revenue In $ Millions $1,169 $1,471 2Q26 2Q27 27% YoY Growth 26% YoY Growth Note: Fiscal year ends January 31. See Appendix for definition of metrics. $221 $333 2Q26 2Q27 Net New ARR Starting ARREnding ARR In $ Millions $4,657 $5,841 2Q26 2Q27 25% YoY Growth 51% YoY Growth $1,103 $1,400 2Q26 2Q27
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Note: Fiscal year ends January 31. All figures are non-GAAP. See Appendix for definition of metrics and a reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. ® CrowdStrike, Inc. All rights reserved. Non-GAAP Profit & Free Cash Flow Diluted Earnings Per Share In $ Dollars Free Cash Flow In $ Millions % margin 22% 25% 34% YoY Growth 46% YoY Growth 33% YoY Growth 28% YoY Growth $255 $372 2Q26 2Q27 $0.23 $0.31 2Q26 2Q27 $885 $1,136 2Q26 2Q27 $284 $377 2Q26 2Q27 Subscription Gross Profit In $ Millions Operating Income In $ Millions % margin 80% 81% % margin 24% 26%
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Key Takeaways ® CrowdStrike, Inc. All rights reserved. Q2 Results1 3 Note: All figures as of July 31, 2026. All financial figures are non-GAAP. See Appendix for definition of metrics and a reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Module adoption rates exclude Falcon Go customers. See appendix for the definition of module adoption rates. Record EPS of $0.31 Record net new ARR 2 Flex Accelerating Platform Adoption $5.84B Ending ARR +25% YoY $333M Net New ARR +51% YoY Record operating income of $372M The Agentic Security Platform Powering the cybersecurity infrastructure layer for AI adoption Securing the AI Revolution Re-Flex customers as of Q2 >630 Ending ARR from Flex Accounts $2.29B +101% YoY Unlocking adoption with Falcon Flex Module adoption rates now represent: 6+ Modules: 51% 7+ Modules: 35% 8+ Modules: 26% Flex customers as of Q2 >2,900 Endpoint Ending ARR growth accelerated for the fourth consecutive quarter AIDR Ending ARR nearly tripled QoQ Record Q2 NNARR from Cloud, NG Identity, NG SIEM combined Average Ending ARR Uplift: Conversion to Flex from Standard >40% First Re-Flex 25% Two or More Re-Flexes vs. Initial Flex 53%
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3Q FY2027 Full Year FY2027 ® CrowdStrike, Inc. All rights reserved. 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 CrowdStrike $325.4 - $327.9M $1,302.7 - $1,311.6M Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted $0.31 $1.25 - $1.26 Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted 1.048B 1.044B Non-GAAP tax rate 21.0% 21.0% CrowdStrike is providing the above guidance for the third quarter of fiscal 2027 (ending October 31, 2026) and full fiscal year 2027 (ending January 31, 2027). Guidance for non-GAAP financial measures excludes stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets (including purchased patents), acquisition-related expenses (credits), net, mark-to-market adjustments on deferred compensation liabilities, legal reserve and settlement charges or benefits, costs (recoveries) associated with the July 19 Incident and related matters, net, strategic plan related charges (benefits), net, amortization of debt issuance costs and discount, losses (gains) and other expense (income) from strategic investments, and losses (gains) on deferred compensation assets, and is adjusted for its long-term non-GAAP effective tax rate. The company has not provided the most directly comparable GAAP measures because certain items are out of the company's control or cannot be reasonably predicted. Accordingly, a reconciliation for non-GAAP income from operations, non-GAAP net income attributable to CrowdStrike, and non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted, is not available without unreasonable effort. These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the Forward-Looking Statements safe harbor for information on the factors that could cause CrowdStrike’s actual results to differ materially from these forward-looking statements. Guidance
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Target % of Revenue Target Operating Model in Full Year FY29 Note: Targets are on a full year basis. Target ranges assume consistent macroeconomic conditions and do not include the impact of potential future M&A activity. Targets for non-GAAP financial measures exclude stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets (including purchased patents), acquisition-related expenses (credits), net, mark- to-market adjustments on deferred compensation liabilities, legal reserve and settlement charges or benefits, costs (recoveries) associated with the July 19 Incident and related matters, net, strategic plan related charges (benefits), net, amortization of debt issuance costs and discount, losses (gains) and other expense (income) from strategic investments, and losses (gains) on deferred compensation assets, and is adjusted for its long-term non-GAAP effective tax rate. CrowdStrike has not reconciled any of the non-GAAP measures referenced above to the most directly comparable GAAP measure in its long-term target non-GAAP operating model because certain items are out of CrowdStrike’s control and/or cannot be reasonably predicted. Accordingly, a reconciliation is not available without unreasonable effort. Subscription Gross Margin 82 – 85% S&M 28 – 33% R&D 15 – 20% G&A 5 – 7% Operating Margin 28 – 32% Free Cash Flow Margin 34 – 38% ® CrowdStrike, Inc. All rights reserved. Non-GAAP Measures
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Appendix ® CrowdStrike, Inc. All rights reserved.
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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 anticipated tax benefit from earning income outside the United States (U.S.) while retaining intellectual property within the U.S. The change is applied prospectively, and the tax rate for prior periods remains unchanged. Calculation of metrics Annual Recurring Revenue (ARR). ARR is calculated as the annualized value of our customer subscription contracts as of the measurement date, assuming any contract that expires during the next 12 months is renewed on its existing terms. To the extent that we are negotiating a renewal with a customer after the expiration of the subscription, we continue to include that revenue in ARR if we are actively in discussion with such an organization for a new subscription or renewal, or until such organization notifies us that it is not renewing its subscription. Dollar-Based Net Retention Rate. Our dollar-based net retention rate compares our ARR from a set of subscription customers against the same metric for those subscription customers from the prior year. Our dollar-based net retention rate reflects customer renewals, expansion, contraction and churn, and excludes revenue from our incident response and proactive services. We calculate our dollar-based net retention rate as of period end by starting with the ARR from all subscription customers as of 12 months prior to such period end, or Prior Period ARR. We then calculate the ARR from these same subscription customers as of the current period end, or Current Period ARR. Current Period ARR includes any expansion and is net of contraction or churn over the trailing 12 months but exc ludes revenue from new subscription customers in the current period. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at our dollar-based net retention rate. Dollar-Based Gross Retention Rate. We calculate our dollar-based gross retention rate as of the period end by starting with the ARR from all subscription customers as of 12 months prior to such period, or Prior Period ARR. We then deduct from the Prior Period ARR any ARR from subscription customers who are no longer customers as of the current period end, or Current Per iod Remaining ARR. We then divide the total Current Period Remaining ARR by the total Prior Period ARR to arrive at our dollar-based gross retention rate, which is the percentage of ARR from all subscription customers as of the year prior that is not lost to customer churn. Gross Churn. Our dollar-based gross churn rate is equal to 1 - Dollar-Based Gross Retention Rate. Free Cash Flow Rule of 40. Free cash flow rule of 40 is calculated by taking the Current Quarter Total Revenue YoY Growth Rate + Current Quarter Free Cash Flow Margin Module Adoption Rates. Module adoption rates are calculated by taking the total number of customers with six or more, seven or more, and eight or more modu les, respectively, divided by the total number of subscription customers (excluding Falcon Go customers). Falcon Go customers are defined as customers who have subscribed with the Falcon Go bundle, a package designed for organizations with 100 endpoints or less. ® CrowdStrike, Inc. All rights reserved.
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Appendix (cont’d) ® CrowdStrike, Inc. All rights reserved. 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 Opportunity, Worldwide, 2022 –2028 (June 2024) Gartner, Forecast: IT Operations Management Software, Worldwide, 2022 –2028, 2Q24 Update. (October 2024) Gartner, Forecast: Information Security, Worldwide, 2022 –2028, 2Q24 Update. (June 2025) IANS Research, & Artico Search, 2025 Security Budget Benchmark Report. (August 2025) IDC Worldwide Semiannual Security Products Tracker 2024 H2. (May 2025) IDC Worldwide Network Detection and Response Forecast, 2025 –2029: Providing Protection for the Network Proper and Network Edges. (July 2025) IDC Worldwide Device Vulnerability Management Forecast, 2024 –2028: Fusing Multiple Exposure Sources. (June 2024) IDC Worldwide Cloud-Native XDR Forecast, 2025-2029: Finding the Meaning Beyond the Three- Letter Acronym. (March 2025) IDC Worldwide Threat Intelligence Forecast, 2025 –2029: From Data to Decisions — The Intelligence-Driven Security of the Future. (March 2025) IDC Worldwide SOAR and Firewall Automation Forecast, 2025 –2029: Automation at the Intersection of AI, Integration, and Zero Trus t. (August 2025) IDC Worldwide Application Vulnerability Management Forecast, 2025 –2029. (June 2025) IDC Worldwide Client Endpoint Management Software Forecast, 2025 –2029. (June 2025) IDC Worldwide and U.S. Comprehensive Security Services Forecast, 2024 –2028. (April 2024) First Analysis, Securing the Enterprise Browser. (January 2026) Gartner, Forecast: Services, Worldwide, 2023 -2029, 3Q25 Update. (September 2025) Company estimates CY30 TAM: Company estimates. Includes organic category growth, product roadmap, future initiatives and estimated cloud security opportu nity.
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Appendix (cont’d) ® CrowdStrike, Inc. All rights reserved. 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 s ubscription gross margin, respectively, excluding stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, and s trategic plan related charges (benefits), net. Non-GAAP Income from Operations We define non-GAAP income from operations as GAAP income (loss) from operations excluding stock -based compensation expense and r elated employer payroll taxes, amortization of acquired intangible assets (including purchased patents), acquisition -related expenses (credits), net, mark -to-market adjustments on deferred compensation liabilities, legal reserve and settlement charges or benefits, costs (recoveries) associated with the July 19 Incident and related matters, net, and strategic plan related charges (benefits), net. Non-GAAP Net Income Attributable to CrowdStrike We define non-GAAP net income attributable to CrowdStrike as GAAP net income (loss) attributable to CrowdStrike excluding stock -based compensation expense and related employer payroll taxes, amortization of acquired intangible assets (including purchased patents), acquisition -related expenses (credits), net, mark-to-market adjustments on deferred compensation liabilities, legal reserve and settlement charges or benefits, costs (recoveries) associated with the July 19 In cident and related matters, net, strategic plan related charges (benefits), net, amortization of debt issuance costs and discount, losses (gains) and other expense (income) from str ategic investments, and losses (gains) on deferred compensation assets, and is adjusted for our long-term non-GAAP effective tax rate. Non-GAAP Net Income per Share Attributable to CrowdStrike Common Stockholders, Diluted We define non-GAAP net income per share attributable to CrowdStrike common stockholders, as non -GAAP net income attributable to CrowdStrike divided by the weighted-average shares outstanding, which includes the dilutive effect of potentially dilutive common stock equivalents outstanding during th e period. Free Cash Flow Free Cash Flow is a non-GAAP financial measure that we define as net cash provided by operating activities less purchases of pro perty and equipment, capitalized internal- use software and website development costs, purchases of and proceeds from deferred compensation investments, net. We monitor free cash flow as one measure of our overall business performance, which enable us to analyze our future performance without the effects of non -cash items and allow us to better understand the cash needs of our business. While we believe that free cash flow is useful in evaluating our business, free cash flow is a non -GAAP financial measure that h as limitations as an analytical tool, and free cash flow should not be considered as an alternative to, or substitute for, net cash provided by operating activities in accordance wit h GAAP. The utility of free cash flow as a measure of our liquidity is further limited as it does not represent the total increase or decrease in our cash balance for any given period . In addition, other companies, including companies in our industry, may calculate free cash flow differently or not at all, which reduces the usefulness of free cash flow as a tool fo r comparison.
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GAAP INCOME ST A TEMENT 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 Subscription 252,451 310,691 Professional services 56,100 63,311 Total cost of revenue 308,551 374,002 Gross profit Subscription 850,494 1,089,600 Professional services 9,907 7,295 Total gross profit 860,401 1,096,895 Operating expenses Sales and marketing 446,580 509,973 Research and development 342,533 444,200 General and administrative 176,745 175,954 Total operating expenses 965,858 1,130,127 Loss from operations (105,457) (33,232) Interest expense (6,823) (6,047) Interest income 50,850 43,881 Other expense, net (2,722) (669) Income (loss) before provision for income taxes (64,152) 3,933 Provision (benefit) for income taxes 5,971 (1,373) Net income (loss) (70,123) 5,306 Net income attributable to non-controlling interest 30 — Net income (loss) attributable to CrowdStrike $ (70,153) $ 5,306 Net income (loss) per share attributable to CrowdStrike common stockholders: Basic $ (0.07) $ 0.01 Diluted $ (0.07) $ 0.01 Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders: Basic 999,634 1,019,448 Diluted 999,634 1,044,469
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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 Amortization of acquired intangible assets 6,372 12,032 Strategic plan related charges $ 3,563 $ — Non-GAAP subscription gross profit $ 884,725 $ 1,136,132 GAAP subscription gross margin 77% 78% Non-GAAP subscription gross margin 80 % 81% GAAP professional services gross profit $ 9,907 $ 7,295 Stock-based compensation expense and related employer payroll taxes (1) 9,431 13,780 Strategic plan related charges 3,345 — Non-GAAP professional services gross profit $ 22,683 $ 21,075 Total GAAP gross margin 74 % 75 % Total Non-GAAP gross margin 78 % 79 % GAAP Sales and marketing operating expenses $ 446,580 $ 509,973 Stock-based compensation expense and related employer payroll taxes (1) (72,095) (95,931) Amortization of acquired intangible assets (915) (860) Acquisition-related expenses, net — (98) Mark-to-market adjustments on deferred compensation liabilities (456) (318) Recoveries (costs) associated with the July 19 Incident and related matters, net (88) 107 Strategic plan related charges (8,723) — Non-GAAP sales and marketing operating expenses $ 364,303 $ 412,873 GAAP research and development operating expenses $ 342,533 $ 444,200 Stock-based compensation expense and related employer payroll taxes (1) (107,779) (158,697) Acquisition-related expenses, net (183) (641) Mark-to-market adjustments on deferred compensation liabilities (356) (68) Costs associated with the July 19 Incident and related matters, net (250) — Strategic plan related charges (16,696) — Non-GAAP research and development operating expenses $ 217,269 $ 284,794 GAAP general and administrative operating expenses $ 176,745 $ 175,954 Stock-based compensation expense and related employer payroll taxes (1) (63,064) (96,093) Amortization of acquired intangible assets (340) (393) Acquisition-related expenses, net (1,081) (5,934) Mark-to-market adjustments on deferred compensation liabilities (1) (64) Recoveries (costs) associated with the July 19 Incident and related matters, net (35,318) 14,421 Strategic plan related charges (6,057) — Non-GAAP general and administrative operating expenses $ 70,884 $ 87,891
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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 employer payroll taxes(1) 276,665 399,001 Amortization of acquired intangible assets 7,627 13,285 Acquisition-related expenses, net 1,264 6,673 Mark-to-market adjustments on deferred compensation liabilities 813 450 Costs (recoveries) associated with the July 19 Incident and related matters, net 35,656 (14,528) Strategic plan related charges 38,384 — Non-GAAP income from operations $ 254,952 $ 371,649 GAAP operating margin (9) % (2) % Non-GAAP operating margin 22 % 25 % GAAP provision (benefit) for income taxes $ 5,971 $ (1,373) Income tax adjustments(3) 52,599 87,207 Non-GAAP provision for income taxes(2) $ 58,570 $ 85,834 GAAP net income (loss) attributable to CrowdStrike $ (70,153) $ 5,306 Stock-based compensation expense and related employer payroll taxes(1) 276,665 399,001 Amortization of acquired intangible assets 7,627 13,285 Acquisition-related expenses, net 1,264 6,673 Mark-to-market adjustments on deferred compensation liabilities 813 450 Costs (recoveries) associated with the July 19 Incident and related matters, net 35,656 (14,528) Strategic plan related charges 38,384 — Amortization of debt issuance costs and discount 546 372 Gains and other income from strategic investments attributable to CrowdStrike (30) — Gains on deferred compensation assets (813) (450) Income tax adjustments(3) (52,599) (87,207) Non-GAAP net income attributable to CrowdStrike $ 237,360 $ 322,902 Weighted-average shares used in computing GAAP basic net income (loss) per share attributable to CrowdStrike common stockholders 999,634 1,019,448 GAAP basic net income (loss) per share attributable to CrowdStrike common stockholders $ (0.07) $ 0.01 GAAP diluted net income (loss) per share attributable to CrowdStrike common stockholders $ (0.07) $ 0.01 Stock-based compensation expense and related employer payroll taxes(1) 0.27 0.38 Amortization of acquired intangible assets 0.01 0.01 Acquisition-related expenses, net — 0.01 Mark-to-market adjustments on deferred compensation liabilities — — Costs (recoveries) associated with the July 19 Incident and related matters, net 0.03 (0.01) Strategic plan related charges 0.04 — Amortization of debt issuance costs and discount — — Gains and other expense (income) from strategic investments attributable to CrowdStrike — — Gains on deferred compensation assets — — Income tax adjustments(3) (0.05) (0.08) Other (4) — (0.01) Non-GAAP diluted net income per share attributable to CrowdStrike common stockholders $ 0.23 $ 0.31 Weighted-average shares used to calculate Non-GAAP diluted net income per share attributable to CrowdStrike common stockholders 1,025,284 1,044,469 _____________________________ (1) Stock-based compensation expense has been revised to reflect immaterial prior period adjustments. (2) Effective second quarter fiscal year 2026, we adopted a 21.0% long-term projected non-GAAP tax rate from the previous rate of 22.5%, in connection with the enactment of the One Big Beautiful Bill Act. This rate reflects the anticipated tax benefit from earning income outside the U.S. while retaining intellectual property within the U.S. (3) Adjustments are related to the difference between the GAAP provision for income taxes and non-GAAP provision for income taxes. (4) For periods in which we had diluted non-GAAP net income per share attributable to CrowdStrike common stockholders, the sum of the impact of individual reconciling items may not total to diluted non-GAAP net income per share attributable to CrowdStrike common stockholders because of rounding differences. GAAP to Non -GAAP Reconciliation (Cont'd)
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Free Cash Flow Reconciliation CROWDSTRIKE HOLDINGS, INC. 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) Capitalized internal-use software and website development costs (17,289) (26,519) Purchases of and proceeds from deferred compensation investments, net (1,430) (1,929) Free cash flow $ 283,616 $ 377,407 Free cash flow margin 24 % 26 %
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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 obligations (in billions) $ 7.2 $ 10.7 Revenue by geographic regions: United States $ 784,675 $ 954,464 Europe, Middle East, and Africa 188,423 263,698 Asia Pacific 117,538 157,893 Other 78,316 94,842 Total revenue $ 1,168,952 $ 1,470,897 Geographic breakdown of total revenue: United States 67% 65% Europe, Middle East, and Africa 16% 18% Asia Pacific 10% 11% Other 7% 6% Total 100% 100% Non-GAAP operating expenses $ 652,456 $ 785,558 Non-GAAP operating expenses as a percentage of revenue 56% 53%