CrowdStrike

Management prioritizes organic R&D and selective M&A to deepen the platform. The planned Onum acquisition improves data plumbing for next‑gen SIEM. Fiscal 2026 includes a 1 billion dollar repurchase authorization, likely to offset dilution.

SBC remains elevated (e.g., about 284 million dollars in Q2 FY26 and 556 million dollars in the first half), which depresses GAAP profitability and requires scrutiny. Capex is modest relative to scale. Overall, a solid but not flawless record given SBC and the need for continuing QA investment post‑incident.