CrowdStrike : CRWD 3Q26 Supplemental Disclosures

‌Explanation of Non-GAAP Financial Measures

In addition to our results determined in accordance with U.S. generally accepted accounting principles ("GAAP"), we believe the following non-GAAP measures are useful in evaluating our operating performance. We use the following 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. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP.

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.

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.

Change in Non-GAAP Measures Presentation

Effective as of February 1, 2025, the beginning of our fiscal year ending January 31, 2026, we are presenting employer payroll taxes related to employee stock-based award transactions as part of stock-based compensation expense in the GAAP to Non-GAAP reconciliation. These payroll taxes have been excluded from our non-GAAP results as they are tied to the timing and size of the vesting or exercise of the underlying stock-based awards and the price of our common stock at the time of vesting or exercise, which may vary from period to period. In addition, effective second quarter fiscal year 2026, we 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.

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, respectively, excluding stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets, and strategic 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 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, 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, amortization of debt issuance costs and discount, 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, losses (gains) and other income from strategic 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 the 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 property and equipment, capitalized internal-use software and website development, purchases of deferred compensation investments, and proceeds from sale of deferred compensation investments. We monitor free cash flow as one measure of our overall business performance, which enables 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 has 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 with 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 for comparison.

‌Explanation of Operational Measures

Annual Recurring Revenue

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.

‌CROWDSTRIKE HOLDINGS, INC. Condensed Consolidated Statements of Operations

(in thousands, except per share data) (unaudited)

	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	FY24	FY25
Revenue
Subscription	$ 651,175	$ 689,972	$ 733,463	$ 795,947	$ 872,172	$ 918,257	$ 962,735	$ 1,008,316	$ 1,050,768	$ 1,102,945	$ 1,168,705	$ 2,870,557	$ 3,761,480
Professional services	41,405	41,654	52,551	49,388	48,864	45,615	47,443	50,222	52,666	66,007	65,539	184,998	192,144
Total revenue	692,580	731,626	786,014	845,335	921,036	963,872	1,010,178	1,058,538	1,103,434	1,168,952	1,234,244	3,055,555	3,953,624
Cost of revenue
Subscription	142,100	153,306	159,830	175,509	189,657	199,910	216,301	229,641	242,374	253,640	257,915	630,745	835,509
Professional services	27,130	29,611	35,174	33,063	35,346	37,491	38,786	44,349	46,769	56,643	49,890	124,978	155,972
Total cost of revenue	169,230	182,917	195,004	208,572	225,003	237,401	255,087	273,990	289,143	310,283	307,805	755,723	991,481
Gross profit
Subscription	509,075	536,666	573,633	620,438	682,515	718,347	746,434	778,675	808,394	849,305	910,790	2,239,812	2,925,971
Professional services	14,275	12,043	17,377	16,325	13,518	8,124	8,657	5,873	5,897	9,364	15,649	60,020	36,172
Total gross profit	523,350	548,709	591,010	636,763	696,033	726,471	755,091	784,548	814,291	858,669	926,439	2,299,832	2,962,143
Operating expenses
Sales and marketing	281,107	282,916	286,186	290,357	350,114	355,471	408,267	409,504	439,617	447,024	481,032	1,140,566	1,523,356
Research and development	179,065	179,362	196,072	213,998	235,249	250,908	275,602	315,142	334,129	346,668	347,564	768,497	1,076,901
General and administrative	82,634	101,804	105,589	102,737	103,734	106,434	126,945	145,203	165,201	177,956	167,286	392,764	482,316
Total operating expenses	542,806	564,082	587,847	607,092	689,097	712,813	810,814	869,849	938,947	971,648	995,882	2,301,827	3,082,573
Income (loss) from operations	(19,456)	(15,373)	3,163	29,671	6,936	13,658	(55,723)	(85,301)	(124,656)	(112,979)	(69,443)	(1,995)	(120,430)
Interest expense	(6,387)	(6,444)	(6,503)	(6,422)	(6,511)	(6,549)	(6,587)	(6,664)	(6,715)	(6,823)	(6,931)	(25,756)	(26,311)
Interest income	30,521	36,638	40,086	41,685	45,850	51,526	52,201	46,597	45,380	50,850	50,883	148,930	196,174
Other income (expense), net	230	(1,734)	(474)	3,616	7,656	(1,031)	(429)	(1,095)	(3,896)	(2,722)	2,223	1,638	5,101
Income (loss) before provision for income taxes	4,908	13,087	36,272	68,550	53,931	57,604	(10,538)	(46,463)	(89,887)	(71,674)	(23,268)	122,817	54,534
Provision for income taxes	4,409	4,611	9,603	13,609	7,667	10,914	6,281	46,268	21,106	5,971	10,720	32,232	71,130
Net income (loss)	499	8,476	26,669	54,941	46,264	46,690	(16,819)	(92,731)	(110,993)	(77,645)	(33,988)	90,585	(16,596)
Net income (loss) attributable to non-controlling interest	8	4	4	1,242	3,444	(323)	3	(449)	(786)	30	9	1,258	2,675
Net income (loss) attributable to CrowdStrike	$ 491	$ 8,472	$ 26,665	$ 53,699	$ 42,820	$ 47,013	$ (16,822)	$ (92,282)	$ (110,207)	$ (77,675)	$ (33,997)	$ 89,327	$ (19,271)
Net income (loss) per share attributable to CrowdStrike common stockholders:
Basic	$ 0.00	$ 0.04	$ 0.11	$ 0.22	$ 0.18	$ 0.19	$ (0.07)	$ (0.37)	$ (0.44)	$ (0.31)	$ (0.14)	$ 0.37	$ (0.08)
Diluted	$ 0.00	$ 0.03	$ 0.11	$ 0.22	$ 0.17	$ 0.19	$ (0.07)	$ (0.37)	$ (0.44)	$ (0.31)	$ (0.14)	$ 0.37	$ (0.08)

Weighted-average shares used in computing net income (loss) per share attributable to CrowdStrike common stockholders

Basic	236,414	237,911	239,297	240,856	242,389	244,091	245,536	246,933	248,432	249,909	251,326		238,637	244,750
Diluted	240,598	242,144	243,799	247,936	250,164	251,265	245,536	246,933	248,432	249,909	251,326		243,635	244,750

‌CROWDSTRIKE HOLDINGS, INC. Condensed Consolidated Balance Sheets

(in thousands) (unaudited)

	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
Assets Current assets: Cash and cash equivalents	$ 2,829,677	$ 3,167,215	$ 2,968,872	$ 3,375,069	$ 3,702,437	$ 4,038,536	$ 4,260,324	$ 4,323,295	$ 4,614,153	$ 4,972,436	$ 4,801,083
Short-term investments	100,000	-	197,522	99,591	-	-	-	-	-	-	-
Accounts receivable, net of allowance for credit losses	461,092	539,463	561,872	853,105	702,856	661,045	813,922	1,128,564	808,694	886,557	1,013,116
Deferred contract acquisition costs, current	186,901	197,111	209,216	246,370	244,651	251,246	294,229	347,042	351,805	372,543	398,708
Prepaid expenses and other current assets	131,100	146,597	141,651	183,172	191,678	230,821	203,852	314,444	296,146	302,818	306,375
Total current assets	3,708,770	4,050,386	4,079,133	4,757,307	4,841,622	5,181,648	5,572,327	6,113,345	6,070,798	6,534,354	6,519,282
Strategic investments	57,877	59,541	59,541	56,244	58,419	58,246	68,246	72,544	71,339	72,482	81,332
Property and equipment, net	523,721	561,587	581,037	620,172	627,381	648,474	746,567	788,640	826,069	869,240	926,963
Operating lease right-of-use assets	50,459	46,179	50,941	48,211	48,598	45,897	46,289	42,763	39,190	63,399	67,359
Deferred contract acquisition costs, noncurrent	254,397	261,574	273,859	335,933	330,004	341,539	421,773	500,908	496,045	517,088	556,221
Goodwill	430,755	430,697	637,678	638,041	721,973	721,996	722,016	912,805	913,285	913,325	1,352,927
Intangible assets, net	83,215	79,139	109,423	114,518	122,024	115,686	109,354	133,114	125,486	117,858	144,405
Other long-term assets	28,664	31,355	39,444	76,094	91,964	88,988	96,386	137,459	178,150	201,113	316,858

Total assets $ 5,137,858 $ 5,520,458 $ 5,831,056 $ 6,646,520 $ 6,841,985 $ 7,202,474 $ 7,782,958 $ 8,701,578 $ 8,720,362 $ 9,288,859 $ 9,965,347

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable	$ 16,900	$ 37,073	$ 56,968	$ 28,180	$ 21,299	$ 21,067	$ 79,214	$ 130,887	$ 16,404	$ 120,554	$ 131,596
Accrued expenses	91,494	122,419	146,050	125,896	102,116	101,300	176,598	191,349	166,770	210,529	190,009
Accrued payroll and benefits	151,099	138,471	169,768	234,624	216,695	205,429	324,889	319,243	286,607	299,521	357,653
Operating lease liabilities	16,215	16,133	14,430	14,150	16,020	17,031	15,658	13,811	11,964	12,860	15,929
Deferred revenue	1,788,304	1,894,005	1,942,750	2,270,757	2,309,329	2,348,464	2,363,258	2,733,005	2,747,137	2,781,196	2,851,488
Other current liabilities	16,052	21,362	20,451	23,672	18,227	35,028	40,763	72,755	53,652	51,278	53,220
Total current liabilities	2,080,064	2,229,463	2,350,417	2,697,279	2,683,686	2,728,319	3,000,380	3,461,050	3,282,534	3,475,938	3,599,895
Long-term debt	741,377	741,750	742,122	742,494	742,866	743,238	743,610	743,983	744,355	744,727	745,099
Deferred revenue, noncurrent	615,487	613,637	600,366	783,342	760,050	744,733	833,260	995,672	1,024,258	1,053,661	1,211,762
Operating lease liabilities, noncurrent	36,774	32,688	38,371	36,230	34,090	31,704	32,683	31,107	29,079	52,941	57,018
Other liabilities, noncurrent	29,797	32,820	38,933	50,086	52,511	63,890	77,414	150,849	149,122	166,901	292,556
Total liabilities	3,503,499	3,650,358	3,770,209	4,309,431	4,273,203	4,311,884	4,687,347	5,382,661	5,229,348	5,494,168	5,906,330
Stockholders' Equity
Common stock	118	119	120	121	122	123	124	124	125	125	126
Additional paid-in capital	2,752,716	2,976,375	3,146,645	3,364,328	3,556,194	3,824,897	4,045,660	4,367,070	4,633,211	5,016,544	5,314,820
Accumulated deficit	(1,147,672)	(1,139,200)	(1,112,535)	(1,058,836)	(1,016,016)	(969,003)	(985,825)	(1,078,107)	(1,188,314)	(1,265,989)	(1,299,986)
Accumulated other comprehensive income (loss)	139	913	(5,280)	(1,663)	(4,760)	(3,102)	(2,026)	(9,593)	5,855	6,000	1,537
Total CrowdStrike Holdings, Inc. stockholders' equity	1,605,301	1,838,207	2,028,950	2,303,950	2,535,540	2,852,915	3,057,933	3,279,494	3,450,877	3,756,680	4,016,497
Non-controlling interest	29,058	31,893	31,897	33,139	33,242	37,675	37,678	39,423	40,137	38,011	42,520
Total stockholders' equity	1,634,359	1,870,100	2,060,847	2,337,089	2,568,782	2,890,590	3,095,611	3,318,917	3,491,014	3,794,691	4,059,017
Total liabilities and stockholders' equity	$ 5,137,858	$ 5,520,458	$ 5,831,056	$ 6,646,520	$ 6,841,985	$ 7,202,474	$ 7,782,958	$ 8,701,578	$ 8,720,362	$ 9,288,859	$ 9,965,347

‌CROWDSTRIKE HOLDINGS, INC. Condensed Consolidated Statements of Cash Flows

(in thousands) (unaudited)

	Q1 FY24		Q2 FY24		Q3 FY24		Q4 FY24		Q1 FY25		Q2 FY25		Q3 FY25		Q4 FY25		Q1 FY26		Q2 FY26		Q3 FY26		FY24		FY25
Operating activities
Net income (loss)	$	499	$	8,476	$	26,669	$	54,941	$	46,264	$	46,690	$	(16,819)	$	(92,731)	$	(110,993)	$	(77,645)	$	(33,988)	$	90,585	$	(16,596)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	26,409		29,775		33,788		36,866		42,689		46,247		48,915		50,101		56,423		60,411		64,049		126,838		187,952
Amortization of intangible assets	4,174		4,102		4,637		5,503		5,995		6,337		6,333		7,339		7,634		7,627		7,800		18,416		26,004
Amortization of deferred contract acquisition costs	55,322		57,555		60,281		65,743		74,128		73,723		79,862		91,124		102,903		107,038		115,493		238,901		318,837
Non-cash operating lease cost	3,092		3,239		3,394		3,673		3,372		3,795		3,933		4,183		4,186		4,531		3,908		13,398		15,283
Stock-based compensation expense	130,856		164,777		159,614		176,272		183,125		200,877		208,888		272,531		253,604		287,153		281,971		631,519		865,421
Deferred income taxes	(255)		(97)		(2,003)		(1,032)		(255)		(1,674)		(193)		(7,781)		(1,681)		(639)		(3,042)		(3,387)		(9,903)
Realized (gains) loss on strategic investments	-		-		-		(3,936)		(6,881)		654		-		(94)		-		-		-		(3,936)		(6,321)
Non-cash interest expense	754		777		806		836		874		911		963		1,015		1,088		1,205		1,240		3,173		3,763
Accretion of short-term investments purchased at a discount	-		-		(1,934)		(351)		2,285		-		-		-		-		-		-		(2,285)		2,285
Change in fair value of strategic investments	-		-		-		1,459		-		-		-		1,000		1,579		-		-		1,459		1,000
Changes in operating assets and liabilities, net of impact of acquisitions
Accounts receivable, net	165,089		(78,371)		(20,860)		(283,557)		150,249		41,811		(152,876)		(313,403)		319,871		(77,863)		(125,812)		(217,699)		(274,219)
Deferred contract acquisition costs	(49,532)		(72,475)		(84,671)		(164,971)		(66,480)		(91,853)		(203,079)		(223,072)		(102,803)		(148,819)		(180,038)		(371,649)		(584,484)
Prepaid expenses and other assets	(8,542)		(17,796)		4,366		(80,548)		(28,602)		(34,622)		20,392		(147,400)		(20,995)		(29,416)		(29,029)		(102,520)		(190,232)
Accounts payable	(18,596)		15,614		5,343		(21,259)		276		(348)		34,168		50,843		(83,228)		69,918		3,683		(18,898)		84,939
Accrued expenses and other liabilities	(36,576)		41,511		28,662		(19,011)		(16,629)		24,597		77,699		132,851		(43,763)		56,479		7,137		14,586		218,518
Accrued payroll and benefits	(17,281)		(12,880)		31,971		63,292		(17,692)		(11,740)		119,328		(4,023)		(37,848)		12,917		57,538		65,102		85,873
Operating lease liabilities	(3,199)		(3,276)		(9,672)		2,112		(4,531)		(2,582)		(4,699)		(3,845)		(4,586)		(3,527)		(866)		(14,035)		(15,657)
Deferred revenue	48,678		103,850		33,127		510,984		15,041		23,818		103,321		527,084		42,716		63,462		227,497		696,639		669,264
Net cash provided by operating activities	300,892			244,781		273,518		347,016		383,228		326,641		326,136		345,722		384,107		332,832		397,541	1,166,207			1,381,727
Investing activities
Purchases of property and equipment	(62,264)		(40,417)		(21,264)		(52,584)		(49,683)		(39,254)		(78,704)		(87,211)		(85,751)		(30,497)		(83,395)		(176,529)		(254,852)
Capitalized internal-use software and website development cost	(10,902)		(15,073)		(12,630)		(10,852)		(10,479)		(14,516)		(16,271)		(17,703)		(17,437)		(17,289)		(16,770)		(49,457)		(58,969)
Purchase of strategic investments	(10,513)		(1,664)		-		(5,000)		(1,658)		(1,044)		(10,000)		(7,000)		(374)		(1,043)		(8,850)		(17,177)		(19,702)
Proceeds from sales of strategic investments	-		-		-		2,000		10,407		488		-		1,612		3,146		1,242		513		2,000		12,507
Business acquisitions, net of cash and restricted cash acquired	-		-		(238,749)		(281)		(96,376)		(5)		-		(213,876)		-		-		(380,914)		(239,030)		(310,257)
Purchase of intangible assets	-		(500)		(26)		(10,600)		-		-		-		-		-		-		-		(11,126)		-
Purchases of investments	-		-		(195,581)		-		-		-		-		-		-		-		-		(195,581)		-
Proceeds from maturities and sales of short-term investments	150,000		100,000		-		98,281		97,300		-		-		-		-		-		-		348,281		97,300
Purchases of deferred compensation investments	(290)		(586)		(586)		(569)		(609)		(600)		(606)		(906)		(1,459)		(1,311)		(1,487)		(2,031)		(2,721)
Proceeds from the sales of deferred compensation investments	-		-		-		-		-		41		-		65		45		119		9		-		106
Net cash provided by (used in) investing activities	66,031			41,760		(468,836)		20,395		(51,098)		(54,890)		(105,581)		(325,019)		(101,830)		(48,779)		(490,894)	(340,650)			(536,588)
Financing activities
Proceeds from issuance of common stock upon exercise of stock options	2,651		1,474		2,053		2,517		823		1,641		844		675		634		1,721		273		8,695		3,983
Proceeds from issuance of common stock under the employee stock purchase plan	-		45,432		-		30,943		-		56,099		-		43,517		-		74,622		-		76,375		99,616
Distributions to non-controlling interest holders	-		-		-		-		(3,841)		(244)		-		(806)		-		(2,156)		-		-		(4,891)
Capital contributions from non-controlling interest holders	5,257		2,831		-		-		500		5,000		-		3,000		1,500		-		4,500		8,088		8,500
Net cash provided by (used in) financing activities	7,908			49,737		2,053		33,460		(2,518)		62,496		844		46,386		2,134		74,187		4,773	93,158			107,208
Effect of foreign exchange rates on cash, cash equivalents and restricted cash	(190)		1,273		(4,494)		5,369		(1,917)		877		399		(4,637)		6,546		49		722		1,958		(5,278)
Cash, Cash Equivalents & Restricted Cash
Cash, cash equivalents and restricted cash, beginning of period	2,456,924		2,831,565		3,169,116		2,971,357		3,377,597		3,705,292		4,040,416		4,262,214		4,324,666		4,615,623		4,973,912		2,456,924		3,377,597
Net increase (decrease) in cash, cash equivalents and restricted cash	374,641		337,551		(197,759)		406,240		327,695		335,124		221,798		62,452		290,957		358,289		(87,858)		920,673		947,069
Cash, cash equivalents and restricted cash, end of period	$ 2,831,565		$ 3,169,116		$ 2,971,357		$ 3,377,597		$ 3,705,292		$ 4,040,416		$ 4,262,214		$ 4,324,666		$ 4,615,623		$ 4,973,912		$ 4,886,054		$ 3,377,597		$ 4,324,666

‌GAAP subscription gross profit

Stock-based compensation expense and related employer payroll taxes(1)

Amortization of acquired intangible assets Strategic plan related charges (benefits)

Non-GAAP subscription gross profit

CROWDSTRIKE HOLDINGS, INC. Statements of Operations: GAAP to Non-GAAP Reconciliations

(in thousands, except per share data) (unaudited)

Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 FY24 FY25

$ 509,075	$ 536,666	$ 573,633	$ 620,438	$ 682,515	$ 718,347	$ 746,434		$ 778,675	$ 808,394	$ 849,305	$ 910,790	$2,239,812	$2,925,971
9,464	10,639	11,876	14,002	15,235	18,435	19,425		25,284	25,997	25,485	24,969	45,981	78,379
3,580	3,581	3,580	4,819	5,045	5,389	5,389		6,153	6,377	6,372	6,560	15,560	21,976
-	-	-	-	-	-	-		-	-	3,563	(6)	-	-
$ 522,119	$ 550,886	$ 589,089	$ 639,259	$ 702,795	$ 742,171	$ 771,248		$ 810,112	$ 840,768	$ 884,725	$ 942,313	$2,301,353	$3,026,326
$ 14,275	$ 12,043	$ 17,377	$ 16,325	$ 13,518	$ 8,124	$ 8,657		$ 5,873	$ 5,897	$ 9,364	$ 15,649	$ 60,020	$ 36,172
4,986	6,076	5,839	6,499	6,872	7,922	7,755		10,297	10,471	9,974	9,819	23,400	32,846
-	-	-	-	-	-	-		-	-	3,345	26	-	-
$ 19,261	$ 18,119	$ 23,216	$ 22,824	$ 20,390	$ 16,046	$ 16,412		$ 16,170	$ 16,368	$ 22,683	$ 25,494	$ 83,420	$ 69,018
$ 281,107	$ 282,916	$ 286,186	$ 290,357	$ 350,114	$ 355,471	$ 408,267	$ 409,504		$ 439,617	$ 447,024	$ 481,032	$1,140,566	$1,523,356
(37,078)	(52,880)	(43,505)	(47,903)	(55,832)	(62,335)	(57,911)	(72,224)		(69,822)	(72,539)	(76,406)	(181,366)	(248,302)
(531)	(446)	(506)	(602)	(603)	(602)	(603)	(846)		(916)	(915)	(899)	(2,085)	(2,654)
-	-	-	-	-	-	-	-		(77)	-	(274)	-	-
(3)	(32)	68	(125)	(35)	(108)	(41)	(147)		186	(456)	(294)	(92)	(331)
-	-	-	-	-	(3,093)	(15,089)	(3,214)		(532)	(88) (187)		-	(21,396)
-	-	-	-	-	-	-	-		-	(8,723) (417)		-	-
$ 243,495	$ 229,558	$ 242,243	$ 241,727	$ 293,644	$ 289,333	$ 334,623	$ 333,073		$ 368,456	$ 364,303 $ 402,555		$ 957,023	$1,250,673
$ 179,065	$ 179,362	$ 196,072	$ 213,998	$ 235,249	$ 250,908	$ 275,602		$ 315,142	$ 334,129	$ 346,668	$ 347,564		$ 768,497	$1,076,901
(46,277)	(48,714)	(53,616)	(63,783)	(72,746)	(79,869)	(83,546)		(115,654)	(115,418)	(111,915)	(112,419)		(212,390)	(351,815)
-	-	(468)	-	-	-	-		-	-	-	-		(468)	-
(371)	-	(379)	-	(477)	-	-		-	(74)	(183)	(810)		(750)	(477)
(1)	(13)	34	(81)	(12)	(134)	(56)		(51)	116	(356)	(257)		(61)	(253)

GAAP professional services gross profit

Stock-based compensation expense and related employer payroll taxes(1)

Strategic plan related charges

Non-GAAP professional services gross profit

employer payroll taxes(1)

GAAP sales and marketing operating expenses Stock-based compensation expense and related

Amortization of acquired intangible assets Acquisition-related expenses, net

compensation liabilities

Mark-to-market adjustments on deferred

matters, net

Costs associated with the July 19 Incident and related Strategic plan related charges

Non-GAAP sales and marketing operating expenses

employer payroll taxes(1)

GAAP research and development operating expenses Stock-based compensation expense and related

Amortization of acquired intangible assets Acquisition-related expenses, net

compensation liabilities

Mark-to-market adjustments on deferred

matters, net

- - - - - (1,001) (3,549) (2,230) (537) (250) (1,601)	-	(6,780)
- - - - - - - - - (16,696) (91)	-	-
$ 132,416 $ 130,635 $ 141,643 $ 150,134 $ 162,014 $ 169,904 $ 188,451 $ 197,207 $ 218,216 $ 217,268 $ 232,386	$ 554,828	$ 717,576

Costs associated with the July 19 Incident and related Strategic plan related charges

Non-GAAP research and development operating

expenses

employer payroll taxes(1)

$ 82,634	$ 101,804	$ 105,589	$ 102,737	$ 103,734	$ 106,434	$ 126,945	$ 145,203	$ 165,201	$ 177,956	$ 167,286		$ 392,764	$ 482,316
(38,157)	(51,390)	(48,349)	(49,758)	(46,982)	(46,591)	(46,051)	(56,648)	(49,863)	(64,275)	(69,690)	(187,654)		(196,272)
70	3	(3,277)	(428)	(2,147)	(535)	(1,393)	(1,475)	(392)	(1,081)	(4,559)	(3,632)		(5,550)
(63)	(75)	(83)	(82)	(347)	(346)	(341)	(340)	(341)	(340)	(341)	(303)		(1,374)
-	(7)	15	(31)	(13)	(8)	(6)	-	15	(1)	(93)	(23)		(27)
-	(2,097)	(4,700)	(1,000)	-	-	-	-	-	-	-	(7,797)		-
-	-	-	-	-	(1,038)	(15,284)	(15,564)	(38,658)	(35,318)	(24,385)	-		(31,886)

GAAP general and administrative operating expenses Stock-based compensation expense and related

compensation liabilities

Acquisition-related expenses, net Amortization of acquired intangible assets Mark-to-market adjustments on deferred

Legal reserve and settlement charges

Costs associated with the July 19 Incident and related

matters, net

- - - - - - - - (6,621) (6,057) 62	-	-
$ 44,484 $ 48,238 $ 49,195 $ 51,438 $ 54,245 $ 57,916 $ 63,870 $ 71,176 $ 69,341 $ 70,884 $ 68,280	$ 193,355	$ 247,207

Strategic plan related benefits (charges)

expenses

Non-GAAP general and administrative operating

GAAP income (loss) from operations

Stock-based compensation expense and related employer payroll taxes(1)

Amortization of acquired intangible assets Acquisition-related expenses, net

Mark-to-market adjustments on deferred compensation liabilities

Legal reserve and settlement charges

Costs associated with the July 19 Incident and related matters, net

Strategic plan related charges, net Non-GAAP income from operations

GAAP provision for income taxes Income tax adjustments(3)

Non-GAAP provision for income taxes(2)

GAAP net income (loss) attributable to CrowdStrike

Stock-based compensation expense and related employer payroll taxes(1)

Amortization of acquired intangible assets Acquisition-related expenses, net

Amortization of debt issuance costs and discount

Mark-to-market adjustments on deferred compensation liabilities

Legal reserve and settlement charges

Costs associated with the July 19 Incident and related matters, net

Strategic plan related charges, net

Losses (gains) and other income from strategic investments attributable to CrowdStrike

Losses (gains) on deferred compensation assets Income tax adjustments(3)

CROWDSTRIKE HOLDINGS, INC. Statements of Operations: GAAP to Non-GAAP Reconciliations

Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	FY24	FY25
$ (19,456)	$ (15,373)	$ 3,163	$ 29,671	$ 6,936	$ 13,658	$ (55,723)	$ (85,301)	$ (124,656)	$ (112,979)	$ (69,443)	$ (1,995)	$ (120,430)
135,962	169,699	163,185	181,945	197,667	215,152	214,688	280,107	271,571	284,188	293,303	650,791	907,614
4,174	4,102	4,637	5,503	5,995	6,337	6,333	7,339	7,634	7,627	7,800	18,416	26,004
301	(3)	3,656	428	2,624	535	1,393	1,475	543	1,264	5,643	4,382	6,027
4	52	(117)	237	60	250	103	198	(317)	813	644	176	611
-	2,097	4,700	1,000	-	-	-	-	-	-	-	7,797	-
-	-	-	-	-	5,132	33,922	21,008	39,727	35,656	26,173	-	60,062
-	-	-	-	-	-	-	-	6,621	38,384	466	-	-
$ 120,985	$ 160,574	$ 179,224	$ 218,784	$ 213,282	$ 241,064	$ 200,716	$ 224,826	$ 201,123	$ 254,953	$ 264,586	$ 679,567	$ 879,888
$ 4,409	$ 4,611	$ 9,603	$ 13,609	$ 7,667	$ 10,914	$ 6,281	$ 46,268	$ 21,106	$ 5,971	$ 10,720	$ 32,232	$ 71,130
28,413	38,031	38,320	43,876	49,455	53,425	49,145	13,337	32,518	52,599	54,516	148,640	165,362
$ 32,822	$ 42,642	$ 47,923	$ 57,485	$ 57,122	$ 64,339	$ 55,426	$ 59,605	$ 53,624	$ 58,570	$ 65,236	$ 180,872	$ 236,492
$ 491	$ 8,472	$ 26,665	$ 53,699	$ 42,820	$ 47,013	$ (16,822)	$ (92,282)	$ (110,207)	$ (77,675)	$ (33,997)	$ 89,327	$ (19,271)
135,962	169,699	163,185	181,945	197,667	215,152	214,688	280,107	271,571	284,188	293,303	650,791	907,614
4,174	4,102	4,637	5,503	5,995	6,337	6,333	7,339	7,634	7,627	7,800	18,416	26,004
301	(3)	3,656	428	2,624	535	1,393	1,475	543	1,264	5,643	4,382	6,027
546	547	547	546	546	547	547	546	547	546	547	2,186	2,186
4	52	(117)	237	60	250	103	198	(317)	813	644	176	611
-	2,097	4,700	1,000	-	-	-	-	-	-	-	7,797	-
-	-	-	-	-	5,132	33,922	21,008	39,727	35,656	26,173	-	60,062
-	-	-	-	-	-	-	-	6,621	38,384	466	-	-
(8)	(4)	(4)	(1,242)	(3,444)	323	(3)	449	786	(30)	(9)	(1,258)	(2,675)
(4)	(52)	117	(237)	(60)	(250)	(103)	(198)	317	(813)	(644)	(176)	(611)
(28,413)	(38,031)	(38,320)	(43,876)	(49,455)	(53,425)	(49,145)	(13,337)	(32,518)	(52,599)	(54,516)	(148,640)	(165,362)

(in thousands, except per share data) (unaudited)

Non-GAAP net income attributable to CrowdStrike

$ 113,053

$ 146,879

$ 165,066

$ 198,003

$ 196,753

$ 221,614

$ 190,913

$ 205,305

$ 184,704

$ 237,361

$ 245,410

$ 623,001

$ 814,585

$ 0.00	$ 0.04	$ 0.11	$ 0.22	$ 0.18	$ 0.19	$ (0.07)	$ (0.37)	$ (0.44)	$ (0.31)	$ (0.14)		$ 0.37	$ (0.08)
236,414	237,911	239,297	240,856	242,389	244,091	245,536	246,933	248,432	249,909	251,326		238,637	244,750

GAAP basic net income (loss) per share attributable to CrowdStrike common stockholders

Weighted-average shares used in computing basic net income (loss) per share attributable to CrowdStrike common stockholders (GAAP)

CROWDSTRIKE HOLDINGS, INC. Statements of Operations: GAAP to Non-GAAP Reconciliations (continued)

(in thousands, except per share data) (unaudited)

GAAP diluted net income (loss) per share attributable to CrowdStrike common stockholders

Stock-based compensation expense and related employer payroll taxes(1)

Amortization of acquired intangible assets Acquisition-related expenses, net

Amortization of debt issuance costs and discount

Mark-to-market adjustments on deferred compensation liabilities

Legal reserve and settlement charges

Costs associated with the July 19 Incident and related matters, net

Strategic plan related charges, net

Losses (gains) and other income from strategic investments attributable to CrowdStrike

Losses (gains) on deferred compensation assets Income tax adjustments(3)

Other(4)

Non-GAAP diluted net income per share attributable to

Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	FY24	FY25
$ 0.00	$ 0.03	$ 0.11	$ 0.22	$ 0.17	$ 0.19	$ (0.07)	$ (0.37)	$ (0.44)	$ (0.31)	$ (0.14)	$ 0.37	$ (0.08)
0.57	0.70	0.67	0.73	0.79	0.86	0.86	1.11	1.07	1.11	1.14	2.67	3.61
0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.03	0.03	0.03	0.03	0.08	0.10
-	-	0.01	-	0.01	-	0.01	0.01	-	-	0.02	0.02	0.02
-	-	-	-	-	-	-	-	-	-	-	0.01	0.01
-	-	-	-	-	-	-	-	-	-	-	-	-
-	0.01	0.02	-	-	-	-	-	-	-	-	0.03	-
-	-	-	-	-	0.02	0.14	0.08	0.16	0.14	0.10	-	0.24
-	-	-	-	-	-	-	-	0.03	0.15	-	-	-
-	-	-	(0.01)	(0.01)	-	-	-	-	-	-	(0.01)	(0.01)
-	-	-	-	-	-	-	-	-	-	-	-	-
(0.12)	(0.16)	(0.16)	(0.18)	(0.20)	(0.21)	(0.20)	(0.05)	(0.13)	(0.21)	(0.21)	(0.61)	(0.66)
-	0.01	0.01	0.02	0.01	(0.01)	(0.01)	-	0.01	0.02	0.02	-	0.01

$ 0.47 $ 0.61 $ 0.68 $ 0.80 $ 0.79 $ 0.88 $ 0.76 $ 0.81 $ 0.73 $ 0.93 $ 0.96

$ 2.56 $ 3.24

CrowdStrike common stockholders

Weighted-average shares used in computing Non-GAAP diluted net income per share attributable to CrowdStrike common stockholders

240,598 242,144 243,799 247,936 250,164 251,265 250,777 253,281 254,550 256,321 256,828

243,635 251,385

Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	FY24	FY25
$ 130,856	$ 164,777	$ 159,614	$ 176,272	$ 183,125	$ 200,877	$ 208,888	$ 272,531	$ 631,519	$ 865,421
5,106	4,922	3,571	5,673	14,542	14,275	5,800	7,576	19,272	42,193
$ 135,962	$ 169,699	$ 163,185	$ 181,945	$ 197,667	$ 215,152	$ 214,688	$ 280,107	$ 650,791	$ 907,614

1. Effective February 1, 2025, employer payroll taxes related to employee stock-based award transactions are included as part of stock-based compensation expense. These payroll taxes are excluded from CrowdStrike's non-GAAP results as they are tied to the timing and size of the vesting or exercise of the underlying stock-based awards and the price of our common stock at the time of vesting or exercise, which may vary from period to period independent of the operating performance of our business. Prior periods have been recast to reflect this change. Refer to the following table for prior periods reconciliation (in thousands):

   Stock-based compensation expense

   Employer payroll taxes related to stock-based compensation

   Stock-based compensation expense and related employer payroll taxes

2. Effective second quarter fiscal year 2026, we 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 U.S. while retaining intellectual property within the U.S. The change is applied prospectively, and the tax rate for prior periods remains unchanged.

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.

‌CROWDSTRIKE HOLDINGS, INC.

Additional Metrics

(In thousands, except percentages and remaining performance obligations) (unaudited)

	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	FY24	FY25
Annual recurring revenue	$ 2,733,931	$ 2,930,132	$ 3,153,243	$ 3,435,150	$ 3,646,881	$ 3,864,512	$ 4,017,540	$ 4,241,838	$ 4,435,596	$ 4,656,682	$ 4,922,006	$ 3,435,150	$ 4,241,838
Year-over-year growth	42%	37%	35%	34%	33%	32%	27%	23%	22%	20%	23%	34%	23%
Remaining performance obligations (in billions)	$ 3.3	$ 3.6	$ 3.7	$ 4.6	$ 4.7	$ 4.9	$ 5.4	$ 6.5	$ 6.8	$ 7.2	$ 7.9	$ 4.6	$ 6.5
Free cash flow reconciliation:
GAAP net cash provided by operating activities $ 300,892		$ 244,781	$ 273,518	$ 347,016	$ 383,228	$ 326,641	$ 326,136	$ 345,722	$ 384,107	$ 332,832	$ 397,541	$ 1,166,207	$ 1,381,727
Purchases of property and equipment (62,264)		(40,417)	(21,264)	(52,584)	(49,683)	(39,254)	(78,704)	(87,211)	(85,751)	(30,497)	(83,395)	(176,529)	(254,852)
Capitalized internal-use software and website development (10,902)		(15,073)	(12,630)	(10,852)	(10,479)	(14,516)	(16,271)	(17,703)	(17,437)	(17,289)	(16,770)	(49,457)	(58,969)
Purchases of deferred compensation investments (290)		(586)	(586)	(569)	(609)	(600)	(606)	(906)	(1,459)	(1,311)	(1,487)	(2,031)	(2,721)
Proceeds from sale of deferred compensation investments -		-	-	-	-	(41)	-	(65)	(45)	(119)	(9)	-	(106)

Free cash flow $ 227,436 $ 188,705 $ 239,038 $ 283,011 $ 322,457 $ 272,230 $ 230,555 $ 239,837 $ 279,415 $ 283,616 $ 295,880 $ 938,190 $ 1,065,079

Revenue by geographic regions:

United States	$ 474,825	$ 500,864	$ 537,880	$ 574,485	$ 630,026	$ 655,001	$ 683,476	$ 714,439	$ 741,852	$ 784,675	$ 826,653	$ 2,088,054	$ 2,682,942
Europe, Middle East, and Africa	104,552	111,909	119,158	132,309	141,612	148,851	160,574	168,446	176,442	188,423	198,420	467,928	619,483
Asia Pacific	72,219	75,198	81,459	86,648	93,462	98,274	102,837	107,880	112,827	117,538	127,591	315,524	402,453
Other	40,984	43,655	47,517	51,893	55,936	61,746	63,291	67,773	72,313	78,316	81,580	184,049	248,746

Total revenue $ 692,580 $ 731,626 $ 786,014 $ 845,335 $ 921,036 $ 963,872 $ 1,010,178 $ 1,058,538 $ 1,103,434 $ 1,168,952 $ 1,234,244 $ 3,055,555 $ 3,953,624

Geographic breakdown of total revenue:

United States	69%	69%	69%	68%	68%	68%	68%	67%	67%	67%	67%		68%	68%
Europe, Middle East, and Africa	15%	15%	15%	16%	15%	15%	16%	16%	16%	16%	16%		15%	16%
Asia Pacific	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%		10%	10%
Other	6%	6%	6%	6%	7%	7%	6%	7%	7%	7%	7%		7%	6%
Total	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%		100%	100%
Non-GAAP gross margin	78%	78%	78%	78%	79%	79%	78%	78%	78%	78%	78%		78%	78%
Non-GAAP subscription gross margin	80%	80%	80%	80%	81%	81%	80%	80%	80%	80%	81%		80%	80%
Non-GAAP operating expenses	$ 420,395	$ 408,431	$ 433,081	$ 443,299	$ 509,903	$ 517,153	$ 586,944	$ 601,456	$ 656,013	$ 652,455	$ 703,221		$ 1,705,206	$ 2,215,456
Non-GAAP operating expenses as a percentage of revenue	61%	56%	55%	52%	55%	54%	58%	57%	59%	56%	57%		56%	56%
Non-GAAP operating margin	17%	22%	23%	26%	23%	25%	20%	21%	18%	22%	21%		22%	22%