{
  "docId": "019dd923-5efe-75c0-8e00-0ae19bf36051",
  "docSlug": "5c4b2833ab399ec2",
  "documentTitle": "2025 Q2FY26 Earnings",
  "authorId": "CrowdStrike",
  "authorName": "CrowdStrike",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.777,
  "pageNumber": 21,
  "pageCount": 32,
  "prevPage": 20,
  "nextPage": 22,
  "slideType": "appendix_data",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 6,
  "notes": "Includes forward-looking statement disclaimer and non-GAAP reconciliation note.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5efe-75c0-8e00-0ae19bf36051/21",
  "deckHref": "/decks/019dd923-5efe-75c0-8e00-0ae19bf36051",
  "deckJsonHref": "/decks/019dd923-5efe-75c0-8e00-0ae19bf36051.json",
  "deckAnchorHref": "/decks/019dd923-5efe-75c0-8e00-0ae19bf36051#slide-21",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "We have a clear line of sight to well exceed the $5B ending ARR milestone by the end of FY26, achieving the ambitious goal we set in 2022 as we execute on our path to $10B in ending ARR by FY31.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-8f6e-7367-8582-a3e0219d7668",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.94,
        "x": 0.03,
        "y": 0.83
      },
      "kind": "disclaimer",
      "text": "CrowdStrike is providing the above modeling points for the third quarter of fiscal year 2026... [full disclaimer text]",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3dffa601-b0b8-461f-9fd1-77315d925844",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.94,
        "x": 0.03,
        "y": 0.175
      },
      "kind": "list",
      "text": "ARR Modeling Assumptions: While we do not guide to ending ARR or net new ARR, our revenue guidance assumptions include high-single digit sequential net new ARR growth Q2 to Q3, and at least 40% YoY net new ARR growth for the back-half of the fiscal year, bringing ending ARR growth for FY26 to more than 22%. We have a clear line of sight to well exceed the $5B ending ARR milestone by the end of FY26, achieving the ambitious goal we set in 2022 as we execute on our path to $10B in ending ARR by FY31.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1d470e23-8145-46e0-b3a9-736eaab06667",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.94,
        "x": 0.03,
        "y": 0.38
      },
      "kind": "list",
      "text": "Revenue Modeling: Our revenue guidance assumes a wider than typical range for professional services, given the strong Q2 performance. As a result of our successful CCP and related partner programs, our ARR to subscription revenue assumptions include a separation of $10 to $15M per quarter through Q4, when this impact begins to subside.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d971b13f-de6c-4405-8dad-1d8a257379b3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.94,
        "x": 0.03,
        "y": 0.58
      },
      "kind": "list",
      "text": "Cash: Payments related to strategic plan costs are expected to be de-minimus in Q3 and we expect to make Q3 cash payments of ~$51M in connection with outage-related costs. We expect to exit this fiscal year with a free cash flow margin of 27% in Q4, expanding to more than 30% for the full year FY27.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e50728b2-b160-4749-830c-f5f056039230",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "ARR: $5B",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-8f6e-7367-8582-a4f22252c5b2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.085,
        "w": 0.308,
        "x": 0.346,
        "y": 0.025
      },
      "kind": "title",
      "text": "Modeling Points",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7112fa3a-6c0c-4e49-af62-dabb987bebc8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 22,
      "from": 19,
      "beatId": "efe3b57f-ce6b-4a9a-bb01-69452bab7db6",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Action",
      "beatSlug": "monroes-sequence-action",
      "evidence": "The key takeaways and guidance sections outline the next steps for investors",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}