SentinelOne Inc【S】株式ニュース

SentinelOne Announces First Quarter Fiscal Year 2027 Financial ResultsMay 28, 2026 4:10 PM
Business Wire Revenue growth accelerated to 21% year-over-year ARR growth accelerated to 23% year-over-year Raising Non-GAAP Operating Income outlook for Fiscal Year 2027 SentinelOne, Inc. (NYSE: S) today announced financial results for the first quarter of fiscal year 2027 ended April 30, 2026. “We had a solid start to the year, highlighted by record net new ARR growth and a landmark milestone as our emerging solutions reached half of our total company ARR,” said Tomer Weingarten, CEO of SentinelOne. “We are actively pushing the frontier of autonomous, agentic defense across AI, Data, Cloud, and the Endpoint. Enterprises recognize that securing the AI era requires machine speed defense which only truly modern infrastructure can deliver, and they are choosing SentinelOne as the foundation to build upon.” “Our first-quarter results reflect record net new ARR growth and strong operating profit margin, highlighting the operating leverage inherent within our business model as we continue to scale,” said Sonalee Parekh, CFO of SentinelOne. “We are investing in innovation alongside our key growth opportunities while raising our operating income outlook for the year.” First Quarter Fiscal Year 2027 Highlights (All metrics are compared to the first quarter of fiscal year 2026 unless otherwise noted) Total revenue grew 21% to $277 million, compared to $229 million. Annualized recurring revenue (ARR) grew 23% to $1,163 million as of April 30, 2026. Customers with ARR of $100,000 or more grew 17% to 1,702 as of April 30, 2026. Gross margin: GAAP gross margin was 72%, compared to 75%. Non-GAAP gross margin was 77%, compared to 79%. Operating margin: GAAP operating margin was (29)%, compared to (38)%. Non-GAAP operating margin was 4%, compared to (2)%. Net income (loss) margin: GAAP net loss margin was (28)%, compared to (91)%. Non-GAAP net income margin was 4%, compared to 3%. Cash flow margin: Operating cash flow margin was 14%, compared to 23%. Adjusted free cash flow margin was 22%, compared to 20%. Cash, cash equivalents, and investments were $812 million as of April 30, 2026. Financial Outlook We are providing the following guidance for the second quarter of fiscal year 2027, and for fiscal year 2027 (ending January 31, 2027). Q2 Fiscal Year 2027 Guidance Fiscal Year 2027 Guidance Revenue $289 - 291 million $1.195 - 1.205 billion Non-GAAP operating income $23 - 25 million $115 - 125 million Non-GAAP diluted earnings per share (EPS) $0.06 - 0.08 $0.32 - 0.38 Diluted weighted average shares outstanding 347 million 350 million Non-GAAP tax rate 17% 17% These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. Guidance for non-GAAP financial measures excludes stock-based compensation expense, employer payroll tax on employee stock transactions, amortization of acquired intangible assets, acquisition-related compensation costs, restructuring charges, gains and losses on strategic investments, and certain discrete tax expenses. We have not provided the most directly comparable GAAP measures because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of non-GAAP operating income, non-GAAP EPS and diluted weighted average shares outstanding is not available without unreasonable effort. Webcast Information We will host a live audio webcast for analysts and investors to discuss our earnings results for the first quarter of fiscal year 2027 and outlook for second quarter of fiscal year 2027 and full fiscal year 2027 today, May 28, 2026, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The live webcast and a recording of the event will be available on the Investor Relations section of our website at investors.sentinelone.com. We have used, and intend to continue to use, the Investor Relations section of our website at investors.sentinelone.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve risks and uncertainties, including but not limited to statements regarding our future growth, execution, product innovation and technological development, competitive position, and future financial and operating performance, including our financial outlook for the second quarter of fiscal year 2027 and our full fiscal year 2027; progress towards our long-term profitability targets; and general market trends. The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms and similar expressions are intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. There are a significant number of factors that could cause our actual results to differ materially from statements made in this press release, including but not limited to: our limited operating history; our history of losses; intense competition in the market we compete in; fluctuations in our operating results; actual or perceived network or security incidents against us; actual or perceived defects, errors or vulnerabilities in our platform; our ability to successfully integrate any acquisitions and strategic investments; risks associated with managing our rapid growth; general global, political, economic, and macroeconomic climate, including but not limited to, the changes in U.S. federal spending and policies, including government shutdowns, significant political or regulatory developments or changes in trade policy, actual or perceived instability in the banking industry; supply chain disruptions; a potential recession, inflation, and interest rate volatility; geopolitical conflicts around the world; our ability to attract new and retain existing customers, or renew and expand our relationships with them; the ability of our platform to effectively interoperate within our customers' IT infrastructure; disruptions or other business interruptions that affect the availability of our platform including cybersecurity incidents; the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; rapidly evolving technological developments in the market for security products and subscription and support offerings; length of sales cycles; and risks of securities class action litigation. Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth in our filings and reports with the Securities and Exchange Commission (SEC), including our most recently filed Annual Report on Form 10-K, dated March 19, 2026, subsequent Quarterly Reports on Form 10-Q and other filings and reports that we may file from time to time with the SEC, copies of which are available on our website at investors.sentinelone.com and on the SEC’s website at www.sec.gov. You should not rely on these forward-looking statements, as actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on information and estimates available to us as of the date hereof, and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. We do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date of this press release or to reflect new information or the occurrence of unexpected events, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements. Non-GAAP Financial Measures In addition to our results being determined in accordance with 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, with the financial information presented in accordance with GAAP, may be helpful to investors because it provides consistency and comparability with past financial 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. In addition, the utility of free cash flow and adjusted free cash flow as a measure of our liquidity is limited as it does not represent the total increase or decrease in our cash balance for a given period. Reconciliations between non-GAAP financial measures to the most directly comparable financial measure stated in accordance with GAAP are contained below. 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. As presented in the “Reconciliation of GAAP to Non-GAAP Financial Information” table below, each of the non-GAAP financial measures excludes one or more of the following items: Stock-based compensation expense Stock-based compensation expense is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond our control. As a result, management excludes this item from our internal operating forecasts and models. Management believes that non-GAAP measures adjusted for stock-based compensation expense provide investors with a basis to measure our core performance against the performance of other companies without the variability created by stock-based compensation as a result of the variety of equity awards used by other companies and the varying methodologies and assumptions used. Employer payroll tax on employee stock transactions Employer payroll tax expenses related to employee stock transactions are tied to the vesting or exercise of underlying equity awards and the price of our common stock at the time of vesting, which varies in amount from period to period and is dependent on market forces that are often beyond our control. As a result, management excludes this item from our internal operating forecasts and models. Management believes that non-GAAP measures adjusted for employer payroll taxes on employee stock transactions provide investors with a basis to measure our core performance against the performance of other companies without the variability created by employer payroll taxes on employee stock transactions as a result of the stock price at the time of employee exercise. Amortization of acquired intangible assets Amortization of acquired intangible assets expense is tied to the intangible assets that were acquired in conjunction with acquisitions, which results in non-cash expenses that may not otherwise have been incurred. Management believes excluding the expense associated with intangible assets from non-GAAP measures allows for a more accurate assessment of our ongoing operations and provides investors with a better comparison of period-over-period operating results. Acquisition-related compensation costs Acquisition-related compensation costs include cash-based compensation expenses resulting from the employment retention of certain employees established in accordance with the terms of each acquisition. Acquisition-related cash-based compensation costs have been excluded as they were specifically negotiated as part of the acquisitions in order to retain such employees and relate to cash compensation that was made either in lieu of stock-based compensation or where the grant of stock-based compensation awards was not practicable. In most cases, these acquisition-related compensation costs are not factored into management’s evaluation of potential acquisitions or our performance after completion of acquisitions, because they are not related to our core operating performance. In addition, the frequency and amount of such charges can vary significantly based on the size and timing of acquisitions and the maturities of the businesses being acquired. Excluding acquisition-related compensation costs from non-GAAP measures provides investors with a basis to compare our results against those of other companies without the variability caused by purchase accounting. Restructuring charges Restructuring charges primarily relate to contract termination charges, severance payments, employee benefits, stock-based compensation and asset impairment charges related to facilities. These restructuring charges are excluded from non-GAAP financial measures because they are the result of discrete events that are not considered core-operating activities. We believe that it is appropriate to exclude restructuring charges from non-GAAP financial measures because it enables the comparison of period-over-period operating results from continuing operations. Gains and losses on strategic investments Gains and losses on strategic investments relate to the subsequent changes in the recorded value of our strategic investments. These gains and losses are excluded from non-GAAP financial measures because they are the result of discrete events that are not considered core-operating activities. We believe that it is appropriate to exclude gains and losses from strategic investments from non-GAAP financial measures because it enables the comparison of period-over-period net income (loss). Provision for income taxes Certain discrete tax items that are not indicative of our core operating performance are excluded from our non-GAAP results. During the three months ended April 30, 2026, these items primarily consist of interest expense accrued on our liability under the final Assessment Agreement (the Agreement) entered into with the Israeli Tax Authority (ITA). These exclusions provide investors with a clearer view of our underlying financial results and facilitate meaningful comparisons across reporting periods. Effective in the first quarter of fiscal year 2027, we adopted a 17% non-GAAP tax rate for current and future reporting periods. This rate is subject to change based on shifts in our geographic earnings mix or changes in applicable tax law. Dilutive shares applying the treasury stock method During periods in which we incur a net loss under a GAAP basis, we exclude certain potential common stock equivalents from our GAAP diluted shares because their effect would have been anti-dilutive. In periods where we have net income on a non-GAAP basis, these common stock equivalents would have been dilutive. Accordingly, we have included the impact of these common stock equivalents in the calculation of our non-GAAP diluted net income per share applying the treasury stock method. Non-GAAP Cost of Revenue, Non-GAAP Gross Profit, Non-GAAP Gross Margin, Non-GAAP Income (Loss) from Operations, Non-GAAP Operating Margin, Non-GAAP Net Income, Non-GAAP Net Income Margin and Non-GAAP Net Income Per Share We define these non-GAAP financial measures as their respective GAAP measures, excluding the expenses referenced above. We use these non-GAAP financial measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our board of directors concerning our financial performance. Free Cash Flow and Adjusted Free Cash Flow We define free cash flow as cash provided by operating activities less purchases of property and equipment and capitalized internal-use software costs. We define adjusted free cash flow as free cash flow, excluding the impact of discrete cash income tax payments relating to the Agreement entered into with the ITA. We believe free cash flow and adjusted free cash flow are useful indicators of liquidity that provides our management, board of directors, and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives. Key Business Metrics We monitor the following key metrics to help us evaluate our business, identify trends affecting our business, formulate business plans, and make strategic decisions. Annualized Recurring Revenue (ARR) We believe that ARR is a key operating metric to measure our business because it is driven by our ability to acquire new subscription, consumption, and usage-based customers, and to maintain and expand our relationship with existing customers. ARR represents the annualized revenue run rate of our subscription, consumption and usage-based agreements at the end of a reporting period, assuming contracts are renewed on their existing terms for customers that are under contracts with us. ARR is not a forecast of future revenue, which can be impacted by contract start and end dates, usage, renewal rates, and other contractual terms. Customers with ARR of $100,000 or More We believe that our ability to increase the number of customers with ARR of $100,000 or more is an indicator of our market penetration and strategic demand for our platform. We define a customer as an entity that has an active subscription for access to our platform. We count Managed Service Providers, Managed Security Service Providers, Managed Detection & Response firms, and Original Equipment Manufacturers, who may purchase our products on behalf of multiple companies, as a single customer. We do not count our reseller or distributor channel partners as customers. Category: Investors SENTINELONE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) April 30, January 31, 2026 2026 Assets Current assets: Cash and cash equivalents $ 153,228 $ 169,627 Short-term investments 503,559 459,041 Accounts receivable, net 180,688 289,079 Deferred contract acquisition costs, current 70,547 70,981 Prepaid expenses and other current assets 57,832 61,857 Total current assets 965,854 1,050,585 Property and equipment, net 87,597 84,008 Long-term investments 155,702 140,898 Deferred contract acquisition costs, non-current 85,347 89,659 Intangible assets, net 119,038 129,548 Goodwill 912,671 912,671 Other assets 30,086 30,733 Total assets $ 2,356,295 $ 2,438,102 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ 7,624 $ 10,299 Accrued payroll and benefits 74,752 79,006 Deferred revenue, current 509,963 549,790 Accrued expenses and other current liabilities 79,941 117,260 Total current liabilities 672,280 756,355 Deferred revenue, non-current 76,228 83,277 Other liabilities 169,666 161,325 Total liabilities 918,174 1,000,957 Stockholders’ equity: Preferred stock — — Class A common stock 34 33 Class B common stock 1 1 Additional paid-in capital 3,591,419 3,513,017 Accumulated other comprehensive income 1,051 2,314 Accumulated deficit (2,154,384 ) (2,078,220 ) Total stockholders’ equity 1,438,121 1,437,145 Total liabilities and stockholders’ equity $ 2,356,295 $ 2,438,102 SENTINELONE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share data) (unaudited) Three Months Ended April 30, 2026 2025 Revenue $ 276,657 $ 229,029 Cost of revenue(1) 77,965 56,532 Gross profit 198,692 172,497 Operating expenses: Research and development(1) 95,770 72,253 Sales and marketing(1) 132,111 133,881 General and administrative(1) 50,497 48,679 Restructuring(1) 32 5,167 Total operating expenses 278,410 259,980 Loss from operations (79,718 ) (87,483 ) Interest income, net 6,827 12,290 Other income, net 2,490 492 Loss before income taxes (70,401 ) (74,701 ) Provision for income taxes 5,763 133,492 Net loss $ (76,164 ) $ (208,193 ) Net loss per share attributable to Class A and Class B common stockholders, basic and diluted $ (0.23 ) $ (0.63 ) Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted 337,000,297 327,976,349 (1) Includes stock-based compensation expense as follows: Cost of revenue $ 5,895 $ 4,665 Research and development 28,948 20,941 Sales and marketing 20,285 22,915 General and administrative 19,761 20,170 Restructuring — (36 ) Total stock-based compensation expense $ 74,889 $ 68,655 SENTINELONE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three Months Ended April 30, 2026 2025 CASH FLOW FROM OPERATING ACTIVITIES: Net loss $ (76,164 ) $ (208,193 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 16,839 10,848 Amortization of deferred contract acquisition costs 20,347 18,610 Non-cash operating lease costs 1,058 1,096 Stock-based compensation expense 74,889 68,655 Change in fair value of derivative instruments and related foreign currency loss on tax liabilities, net 5,804 — Net (gain) loss on strategic investments (5,108 ) 3 Accretion of discounts, and amortization of premiums on investments, net (753 ) (2,780 ) Asset impairment charges 236 2,171 Other 169 546 Changes in operating assets and liabilities, net of effects of acquisitions Accounts receivable 108,222 80,580 Prepaid expenses and other assets (2,583 ) (4,215 ) Deferred contract acquisition costs (15,602 ) (14,738 ) Accounts payable (2,336 ) 13,402 Accrued expenses and other liabilities (34,126 ) 130,676 Accrued payroll and benefits (4,253 ) (16,408 ) Operating lease liabilities (1,270 ) (1,191 ) Deferred revenue (46,876 ) (26,788 ) Net cash provided by operating activities 38,493 52,274 CASH FLOW FROM INVESTING ACTIVITIES: Purchases of property and equipment (424 ) (146 ) Purchases of intangible assets (56 ) (21 ) Capitalization of internal-use software (7,354 ) (6,684 ) Purchases of investments (211,966 ) (167,258 ) Proceeds from sales, maturities and return of capital of investments 156,867 108,517 Cash paid for acquisitions, net of cash acquired (952 ) — Net cash used in investing activities (63,885 ) (65,592 ) CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from exercise of stock options 882 12,277 Net cash provided by financing activities 882 12,277 NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (24,510 ) (1,041 ) CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–Beginning of period 196,158 193,302 CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–End of period $ 171,648 $ 192,261 SENTINELONE, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (in thousands, except percentages and per share data) (unaudited) Three Months Ended April 30, 2026 2025 Cost of revenue reconciliation: GAAP cost of revenue $ 77,965 $ 56,532 Stock-based compensation expense (5,895 ) (4,665 ) Employer payroll tax on employee stock transactions (231 ) (230 ) Amortization of acquired intangible assets (7,959 ) (4,059 ) Acquisition-related compensation (5 ) (20 ) Non-GAAP cost of revenue $ 63,875 $ 47,558 Gross profit reconciliation: GAAP gross profit $ 198,692 $ 172,497 Stock-based compensation expense 5,895 4,665 Employer payroll tax on employee stock transactions 231 230 Amortization of acquired intangible assets 7,959 4,059 Acquisition-related compensation 5 20 Non-GAAP gross profit $ 212,782 $ 181,471 Gross margin reconciliation: GAAP gross margin 72 % 75 % Stock-based compensation expense 2 % 2 % Employer payroll tax on employee stock transactions — % — % Amortization of acquired intangible assets 3 % 2 % Acquisition-related compensation — % — % Non-GAAP gross margin 77 % 79 % Research and development expense reconciliation: GAAP research and development expense $ 95,770 $ 72,253 Stock-based compensation expense (28,948 ) (20,941 ) Employer payroll tax on employee stock transactions (391 ) (531 ) Acquisition-related compensation (2,239 ) (674 ) Non-GAAP research and development expense $ 64,192 $ 50,107 Sales and marketing expense reconciliation: GAAP sales and marketing expense $ 132,111 $ 133,881 Stock-based compensation expense (20,285 ) (22,915 ) Employer payroll tax on employee stock transactions (471 ) (692 ) Amortization of acquired intangible assets (2,469 ) (2,180 ) Acquisition-related compensation (1,079 ) (17 ) Non-GAAP sales and marketing expense $ 107,807 $ 108,077 General and administrative expense reconciliation: GAAP general and administrative expense $ 50,497 $ 48,679 Stock-based compensation expense (19,761 ) (20,170 ) Employer payroll tax on employee stock transactions (498 ) (1,295 ) Non-GAAP general and administrative expense $ 30,238 $ 27,214 Restructuring expense reconciliation: GAAP restructuring expense $ 32 $ 5,167 Stock-based compensation — 36 Other restructuring charges (32 ) (5,203 ) Non-GAAP restructuring expense $ — $ — Operating loss reconciliation: GAAP operating loss $ (79,718 ) $ (87,483 ) Stock-based compensation expense 74,889 68,655 Employer payroll tax on employee stock transactions 1,591 2,748 Amortization of acquired intangible assets 10,428 6,239 Acquisition-related compensation 3,323 711 Other restructuring charges 32 5,203 Non-GAAP operating income (loss) $ 10,545 $ (3,927 ) Operating margin reconciliation: GAAP operating margin (29 )% (38 )% Stock-based compensation expense 27 % 30 % Employer payroll tax on employee stock transactions 1 % 1 % Amortization of acquired intangible assets 4 % 3 % Acquisition-related compensation 1 % — % Other restructuring charges — % 2 % Non-GAAP operating margin 4 % (2 )% Provision for income taxes reconciliation: GAAP provision for income taxes $ 5,763 $ 133,492 Income tax adjustments (3,264 ) (131,283 ) Non-GAAP provision for income taxes (1) $ 2,499 $ 2,209 Net income (loss) reconciliation: GAAP net loss $ (76,164 ) $ (208,193 ) Stock-based compensation expense 74,889 68,655 Employer payroll tax on employee stock transactions 1,591 2,748 Amortization of acquired intangible assets 10,428 6,239 Acquisition-related compensation 3,323 711 Other restructuring charges 32 5,203 Net (gain) loss on strategic investments (5,108 ) 3 Provision for income taxes (1) 3,264 131,283 Non-GAAP net income $ 12,255 $ 6,649 Net income (loss) margin reconciliation: GAAP net loss margin (28 )% (91 )% Stock-based compensation 27 % 30 % Employer payroll tax on employee stock transactions 1 % 1 % Amortization of acquired intangible assets 4 % 3 % Acquisition-related compensation 1 % — % Other restructuring charges — % 2 % Net (gain) loss on strategic investments (2 )% — % Provision for income taxes (1) 1 % 57 % Non-GAAP net income margin* 4 % 3 % GAAP basic and diluted shares 337,000,297 327,976,349 Dilutive shares under the treasury stock method 5,000,509 11,350,541 Non-GAAP diluted shares 342,000,806 339,326,890 Diluted EPS reconciliation: GAAP net loss per share, basic and diluted $ (0.23 ) $ (0.63 ) Stock-based compensation expense 0.22 0.20 Employer payroll tax on employee stock transactions — 0.01 Amortization of acquired intangible assets 0.03 0.02 Acquisition-related compensation 0.01 — Other restructuring charges — 0.02 Net (gain) loss on strategic investments (0.01 ) — Provision for income taxes (1) 0.01 0.39 Adjustment to fully diluted earnings per share (2) 0.01 0.01 Non-GAAP net income per share, diluted $ 0.04 $ 0.02 *Certain figures may not sum due to rounding. (1) Effective in the first quarter of fiscal year 2027, we adopted a long-term projected non-GAAP tax rate of 17% to calculate non-GAAP net income. The projected rate reflects our expectations of its long-term tax structure and jurisdictional mix of income. (2) For periods in which we had diluted non-GAAP net income per share, the sum of the impact of individual reconciling items may not total to diluted non-GAAP net income per share because the basic share counts used to calculate GAAP net loss per share differ from the diluted share counts used to calculate non-GAAP net income per share, and because of rounding differences. The GAAP net loss per share calculation uses a lower share count as it excludes dilutive shares which are included in calculating the non-GAAP net income per share. SENTINELONE, INC. SELECTED CASH FLOW INFORMATION (in thousands) (unaudited) Reconciliation of cash provided by operating activities to free cash flow and adjusted free cash flow: Three Months Ended April 30, 2026 2025 GAAP net cash provided by operating activities $ 38,493 $ 52,274 Less: Purchases of property and equipment (424 ) (146 ) Less: Capitalized internal-use software (7,354 ) (6,684 ) Free cash flow 30,715 45,444 Add: Cash income tax payments relating to the ITA Agreement 30,658 — Adjusted free cash flow $ 61,373 $ 45,444 Net cash used in investing activities $ (63,885 ) $ (65,592 ) Net cash provided by financing activities $ 882 $ 12,277 Operating cash flow margin 14 % 23 % Free cash flow margin 11 % 20 % Adjusted free cash flow margin 22 % 20 % View source version on businesswire.com: https://www.businesswire.com/news/home/20260528153725/en/ Investor Relations:
Saad Nazir
investors@sentinelone.com Press:
Craig VerColen
press@sentinelone.com Original: SentinelOne Announces First Quarter Fiscal Year 2027 Financial Results

SentinelOne Announces Fourth Quarter and Fiscal Year 2026 Financial ResultsMarch 12, 2026 4:24 PM
Business Wire
Revenue increased 20% year-over-year

ARR up 22% year-over-year

SentinelOne, Inc. (NYSE: S) today announced financial results for the fourth quarter and fiscal year 2026 ended January 31, 2026.

“We surpassed the $1 billion revenue milestone, growing 22% year-over-year, and achieved full-year operating profitability – a strong close to fiscal year ’26,” said Tomer Weingarten, CEO of SentinelOne. “Businesses of all sizes, including the world's largest enterprises, are standardizing on the Singularity platform as the foundation for securing AI and autonomous cybersecurity. Our continued upmarket success is driving larger deals and strong expansion onto a single, unified platform. Today, we proudly secure the pioneers building frontier AI models, alongside the global category leaders in semiconductors, automotive, aviation, finance, and smartphones that power the world.”

“We delivered solid ARR growth and achieved new profitability milestones – demonstrating consistent execution and operating leverage in the business,” said Barry Padgett, Interim CFO of SentinelOne. “We are successfully balancing topline growth with greater operational rigor, ensuring we remain firmly on track to deliver sustainable, profitable growth at scale.”

Fourth Quarter Fiscal Year 2026 Highlights

(All metrics are compared to the fourth quarter of fiscal year 2025 unless otherwise noted)

Total revenue increased 20% to $271.2 million, compared to $225.5 million.

Annualized recurring revenue (ARR) increased 22% to $1,119.1 million as of January 31, 2026.

Customers with ARR of $100,000 or more grew 18% to 1,667 as of January 31, 2026.

Gross margin: GAAP gross margin was 73%, compared to 75%. Non-GAAP gross margin was 78%, compared to 79%.

Operating margin: GAAP operating margin was (29)%, compared to (36)%. Non-GAAP operating margin was 6%, compared to 1%.

Net income (loss) margin: GAAP net loss margin was (41)%, compared to (31)%. Non-GAAP net income margin was 9%, compared to 5%.

Cash flow margin: Operating cash flow margin was 2%, compared to (2)%. Free cash flow margin was (1)%, compared to (4)%.

Cash, cash equivalents, and investments were $769.6 million as of January 31, 2026.

Fiscal Year 2026 Highlights

(All metrics are compared to fiscal year 2025 unless otherwise noted)

Total revenue increased 22% to $1,001.3 million, compared to $821.5 million.

Gross margin: GAAP gross margin was 74%, compared to 74%. Non-GAAP gross margin was 79%, compared to 79%.

Operating margin: GAAP operating margin was (32)%, compared to (40)%. Non-GAAP operating margin was 3%, compared to (3)%.

Net income (loss) margin: GAAP net loss margin was (45)%, compared to (35)%. Non-GAAP net income margin was 7%, compared to 2%.

Cash flow margin: Operating cash flow margin was 8%, compared to 4%. Free cash flow margin was 5%, compared to 1%.

Financial Outlook

We are providing the following guidance for the first quarter of the fiscal year 2027 (ending April 30, 2026), and for the fiscal year 2027 (ending January 31, 2027).

Q1 Fiscal Year 2027

Guidance

Fiscal Year 2027

Guidance

Revenue

$276 - 278 million

$1.195 - 1.205 billion

Non-GAAP operating income

$4 - 6 million

$110 - 120 million

Non-GAAP diluted EPS

$0.01 - 0.02

$0.32 - 0.38

Diluted weighted average shares outstanding

345 million

352 million

Non-GAAP tax rate

17%

17%

These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Guidance for non-GAAP financial measures excludes stock-based compensation expense, employer payroll tax on employee stock transactions, amortization of acquired intangible assets, acquisition-related compensation costs, restructuring charges, gains and losses on strategic investments, and certain discrete tax expenses. We have not provided the most directly comparable GAAP measures because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of non-GAAP operating income, non-GAAP EPS and diluted weighted average shares outstanding is not available without unreasonable effort.

Webcast Information

We will host a live audio webcast for analysts and investors to discuss our earnings results for the fourth quarter of fiscal year 2026, and outlook for the first quarter of fiscal year 2027 and full fiscal year 2027 today, March 12, 2026, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast and a recording of the event will be available on the Investor Relations section of our website at investors.sentinelone.com.

We have used, and intend to continue to use, the Investor Relations section of our website at investors.sentinelone.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve risks and uncertainties, including but not limited to statements regarding our future growth, execution, product innovation and technological development, competitive position, and future financial and operating performance, including our financial outlook for the first quarter of fiscal year 2027 and our full fiscal year 2027; progress towards our long-term profitability targets; and general market trends. The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms and similar expressions are intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words.

There are a significant number of factors that could cause our actual results to differ materially from statements made in this press release, including but not limited to: our limited operating history; our history of losses; intense competition in the market we compete in; fluctuations in our operating results; actual or perceived network or security incidents against us; actual or perceived defects, errors or vulnerabilities in our platform; our ability to successfully integrate any acquisitions and strategic investments; risks associated with managing our rapid growth; general global, political, economic, and macroeconomic climate, including but not limited to, the changes in U.S. federal spending and policies, including government shutdowns, significant political or regulatory developments or changes in trade policy, actual or perceived instability in the banking industry; supply chain disruptions; a potential recession, inflation, and interest rate volatility; geopolitical conflicts around the world; our ability to attract new and retain existing customers, or renew and expand our relationships with them; the ability of our platform to effectively interoperate within our customers' IT infrastructure; disruptions or other business interruptions that affect the availability of our platform including cybersecurity incidents; the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; rapidly evolving technological developments in the market for security products and subscription and support offerings; length of sales cycles; and risks of securities class action litigation.

Additional risks and uncertainties that could affect our financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth in our filings and reports with the Securities and Exchange Commission (“SEC”), including our most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other filings and reports that we may file from time to time with the SEC, copies of which are available on our website at investors.sentinelone.com and on the SEC’s website at www.sec.gov.

You should not rely on these forward-looking statements, as actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on information and estimates available to us as of the date hereof, and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. We do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date of this press release or to reflect new information or the occurrence of unexpected events, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.

Non-GAAP Financial Measures

In addition to our results being determined in accordance with 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, with the financial information presented in accordance with GAAP, may be helpful to investors because it provides consistency and comparability with past financial 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. In addition, the utility of free cash flow and adjusted free cash flow as a measure of our liquidity is limited as it does not represent the total increase or decrease in our cash balance for a given period.

Reconciliations between non-GAAP financial measures to the most directly comparable financial measure stated in accordance with GAAP are contained below. 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.

As presented in the “Reconciliation of GAAP to Non-GAAP Financial Information” table below, each of the non-GAAP financial measures excludes one or more of the following items:

Stock-based compensation expense

Stock-based compensation expense is a non-cash expense that varies in amount from period to period and is dependent on market forces that are often beyond our control. As a result, management excludes this item from our internal operating forecasts and models. Management believes that non-GAAP measures adjusted for stock-based compensation expense provide investors with a basis to measure our core performance against the performance of other companies without the variability created by stock-based compensation as a result of the variety of equity awards used by other companies and the varying methodologies and assumptions used.

Employer payroll tax on employee stock transactions

Employer payroll tax expenses related to employee stock transactions are tied to the vesting or exercise of underlying equity awards and the price of our common stock at the time of vesting, which varies in amount from period to period and is dependent on market forces that are often beyond our control. As a result, management excludes this item from our internal operating forecasts and models. Management believes that non-GAAP measures adjusted for employer payroll taxes on employee stock transactions provide investors with a basis to measure our core performance against the performance of other companies without the variability created by employer payroll taxes on employee stock transactions as a result of the stock price at the time of employee exercise.

Amortization of acquired intangible assets

Amortization of acquired intangible assets expense is tied to the intangible assets that were acquired in conjunction with acquisitions, which results in non-cash expenses that may not otherwise have been incurred. Management believes excluding the expense associated with intangible assets from non-GAAP measures allows for a more accurate assessment of our ongoing operations and provides investors with a better comparison of period-over-period operating results.

Acquisition-related compensation costs

Acquisition-related compensation costs include cash-based compensation expenses resulting from the employment retention of certain employees established in accordance with the terms of each acquisition. Acquisition-related cash-based compensation costs have been excluded as they were specifically negotiated as part of the acquisitions in order to retain such employees and relate to cash compensation that was made either in lieu of stock-based compensation or where the grant of stock-based compensation awards was not practicable. In most cases, these acquisition-related compensation costs are not factored into management’s evaluation of potential acquisitions or our performance after completion of acquisitions, because they are not related to our core operating performance. In addition, the frequency and amount of such charges can vary significantly based on the size and timing of acquisitions and the maturities of the businesses being acquired. Excluding acquisition-related compensation costs from non-GAAP measures provides investors with a basis to compare our results against those of other companies without the variability caused by purchase accounting.

Restructuring charges

Restructuring charges primarily relate to contract termination charges, severance payments, employee benefits, stock-based compensation and asset impairment charges related to facilities. These restructuring charges are excluded from non-GAAP financial measures because they are the result of discrete events that are not considered core-operating activities. We believe that it is appropriate to exclude restructuring charges from non-GAAP financial measures because it enables the comparison of period-over-period operating results from continuing operations.

Gains and losses on strategic investments

Gains and losses on strategic investments relate to the subsequent changes in the recorded value of our strategic investments. These gains and losses are excluded from non-GAAP financial measures because they are the result of discrete events that are not considered core-operating activities. We believe that it is appropriate to exclude gains and losses from strategic investments from non-GAAP financial measures because it enables the comparison of period-over-period net income (loss).

Provision for income taxes

Certain discrete tax items that are not indicative of our core operating performance are excluded from our non-GAAP results. During the year ended January 31, 2026, these items are primarily comprised of a tax charge related to the final Assessment Agreement (the Agreement) entered into with the Israel Tax Authorities (ITA), inclusive of related interest expense. These exclusions provide investors with a clearer view of our underlying financial results and facilitate meaningful comparisons across reporting periods.

During the first quarter of fiscal year 2027, the Company will adopt a 17% non-GAAP tax rate for all future reporting periods. This rate is subject to change based on geographic earnings mix or tax law.

Dilutive shares applying the treasury stock method

During periods in which we incur a net loss under a GAAP basis, we exclude certain potential common stock equivalents from our GAAP diluted shares because their effect would have been anti-dilutive. In periods where we have net income on a non-GAAP basis, these common stock equivalents would have been dilutive. Accordingly, we have included the impact of these common stock equivalents in the calculation of our non-GAAP diluted net income per share applying the treasury stock method.

Non-GAAP Cost of Revenue, Non-GAAP Gross Profit, Non-GAAP Gross Margin, Non-GAAP Income (Loss) from Operations, Non-GAAP Operating Margin, Non-GAAP Net Income, Non-GAAP Net Income Margin and Non-GAAP Net Income Per Share

We define these non-GAAP financial measures as their respective GAAP measures, excluding the expenses referenced above. We use these non-GAAP financial measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our board of directors concerning our financial performance.

Free Cash Flow and Adjusted Free Cash Flow

We define free cash flow as cash provided by operating activities less purchases of property and equipment and capitalized internal-use software costs. We define adjusted free cash flow as free cash flow, excluding the impact of discrete cash income tax payments relating to the Agreement entered into with the ITA. As we did not incur cash income tax payments related to the Agreement during fiscal year 2026, free cash flow and adjusted free cash flow were equivalent for the period. We expect to begin incurring such payments in the first quarter of fiscal year 2027. We believe free cash flow and adjusted free cash flow is a useful indicator of liquidity that provides our management, board of directors, and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives.

Key Business Metrics

We monitor the following key metrics to help us evaluate our business, identify trends affecting our business, formulate business plans, and make strategic decisions.

Annualized Recurring Revenue (ARR)

We believe that ARR is a key operating metric to measure our business because it is driven by our ability to acquire new subscription, consumption, and usage-based customers, and to maintain and expand our relationship with existing customers. ARR represents the annualized revenue run rate of our subscription and consumption and usage-based agreements at the end of a reporting period, assuming contracts are renewed on their existing terms for customers that are under contracts with us. ARR is not a forecast of future revenue, which can be impacted by contract start and end dates, usage, renewal rates, and other contractual terms.

Customers with ARR of $100,000 or More

We believe that our ability to increase the number of customers with ARR of $100,000 or more is an indicator of our market penetration and strategic demand for our platform. We define a customer as an entity that has an active subscription for access to our platform. We count Managed Service Providers, Managed Security Service Providers, Managed Detection & Response firms, and Original Equipment Manufacturers, who may purchase our products on behalf of multiple companies, as a single customer. We do not count our reseller or distributor channel partners as customers.

Source: SentinelOne

NYSE: S

Category: Investors

SENTINELONE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

January 31,

January 31,

2026

2025

Assets

Current assets:

Cash and cash equivalents

$

169,627

$

186,574

Short-term investments

459,041

535,331

Accounts receivable, net

289,079

236,012

Deferred contract acquisition costs, current

70,981

64,782

Prepaid expenses and other current assets

61,857

47,023

Total current assets

1,050,585

1,069,722

Property and equipment, net

84,008

71,774

Long-term investments

140,898

419,367

Deferred contract acquisition costs, non-current

89,659

85,322

Intangible assets, net

129,548

107,155

Goodwill

912,671

629,636

Other assets

30,733

23,649

Total assets

$

2,438,102

$

2,406,625

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$

10,299

$

8,159

Accrued payroll and benefits

79,006

79,612

Deferred revenue, current

549,790

470,127

Accrued expenses and other current liabilities

117,260

55,655

Total current liabilities

756,355

613,553

Deferred revenue, non-current

83,277

102,017

Other liabilities

161,325

21,808

Total liabilities

1,000,957

737,378

Stockholders’ equity:

Preferred stock

—

—

Class A common stock

33

31

Class B common stock

1

1

Additional paid-in capital

3,513,017

3,294,542

Accumulated other comprehensive income

2,314

2,158

Accumulated deficit

(2,078,220

)

(1,627,485

)

Total stockholders’ equity

1,437,145

1,669,247

Total liabilities and stockholders’ equity

$

2,438,102

$

2,406,625

SENTINELONE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share data)

(unaudited)

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

Revenue

$

271,153

$

225,521

$

1,001,278

$

821,461

Cost of revenue(1)

74,320

57,010

259,177

211,106

Gross profit

196,833

168,511

742,101

610,355

Operating expenses:

Research and development(1)

89,363

74,626

323,853

267,002

Sales and marketing(1)

136,829

128,065

525,151

487,225

General and administrative(1)

50,494

46,078

202,141

185,487

Restructuring(1)

44

—

12,265

—

Total operating expenses

276,730

248,769

1,063,410

939,714

Loss from operations

(79,897

)

(80,258

)

(321,309

)

(329,359

)

Interest income, net

7,831

12,408

42,698

49,929

Other expense, net

(745

)

(1,339

)

(1,100

)

(2,177

)

Loss before income taxes

(72,811

)

(69,189

)

(279,711

)

(281,607

)

Provision for income taxes

37,421

1,599

171,024

6,834

Net loss

$

(110,232

)

$

(70,788

)

$

(450,735

)

$

(288,441

)

Net loss per share attributable to Class A and Class B common stockholders, basic and diluted

$

(0.33

)

$

(0.22

)

$

(1.37

)

$

(0.92

)

Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted

334,843,972

321,446,833

330,111,148

314,811,783

(1) Includes stock-based compensation expense as follows:

Cost of revenue

$

5,876

$

5,862

$

21,584

$

22,105

Research and development

24,360

22,865

94,542

83,957

Sales and marketing

26,904

24,928

93,640

80,496

General and administrative

22,562

20,458

88,399

80,973

Restructuring

5

—

(578

)

—

Total stock-based compensation expense

$

79,707

$

74,113

$

297,587

$

267,531

SENTINELONE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

Twelve Months Ended

January 31,

2026

2025

CASH FLOW FROM OPERATING ACTIVITIES:

Net loss

$

(450,735

)

$

(288,441

)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

54,933

42,766

Amortization of deferred contract acquisition costs

78,119

66,640

Non-cash operating lease costs

4,194

4,079

Stock-based compensation expense

297,587

267,531

Accretion of discounts, and amortization of premiums on investments, net

(7,104

)

(13,482

)

Other

2,684

1,257

Changes in operating assets and liabilities, net of effects of acquisitions:

Accounts receivable

(52,061

)

(21,174

)

Prepaid expenses and other assets

(6,631

)

1,746

Deferred contract acquisition costs

(88,655

)

(90,946

)

Accounts payable

1,620

1,405

Accrued expenses and other liabilities

188,692

5,075

Accrued payroll and benefits

(1,310

)

5,286

Operating lease liabilities

(4,327

)

(4,954

)

Deferred revenue

59,610

56,940

Net cash provided by operating activities

76,616

33,728

CASH FLOW FROM INVESTING ACTIVITIES:

Purchases of property and equipment

(713

)

(1,860

)

Purchases of intangible assets

(205

)

(155

)

Capitalization of internal-use software

(24,012

)

(25,121

)

Purchases of investments

(249,282

)

(804,498

)

Proceeds from sales, maturities and return of capital of investments

610,175

737,074

Cash paid for acquisitions, net of cash acquired

(248,970

)

(123,837

)

Net cash provided by (used in) investing activities

86,993

(218,397

)

CASH FLOW FROM FINANCING ACTIVITIES:

Repurchases of common stock

(200,012

)

—

Repurchase of early exercised stock options

—

(21

)

Proceeds from exercise of stock options

18,049

33,406

Proceeds from issuance of common stock under the employee stock purchase plan

21,210

22,500

Net cash (used in) provided by financing activities

(160,753

)

55,885

NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

2,856

(128,784

)

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–Beginning of period

193,302

322,086

CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–End of period

$

196,158

$

193,302

SENTINELONE, INC.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION

(in thousands, except percentages and per share data)

(unaudited)

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

Cost of revenue reconciliation:

GAAP cost of revenue

$

74,320

$

57,010

$

259,177

$

211,106

Stock-based compensation expense

(5,876

)

(5,862

)

(21,584

)

(22,105

)

Employer payroll tax on employee stock transactions

(116

)

(187

)

(689

)

(684

)

Amortization of acquired intangible assets

(8,227

)

(4,196

)

(22,895

)

(18,057

)

Acquisition-related compensation

(10

)

(30

)

(58

)

(380

)

Non-GAAP cost of revenue

$

60,091

$

46,735

$

213,951

$

169,880

Gross profit reconciliation:

GAAP gross profit

$

196,833

$

168,511

$

742,101

$

610,355

Stock-based compensation expense

5,876

5,862

21,584

22,105

Employer payroll tax on employee stock transactions

116

187

689

684

Amortization of acquired intangible assets

8,227

4,196

22,895

18,057

Acquisition-related compensation

10

30

58

380

Non-GAAP gross profit

$

211,062

$

178,786

$

787,327

$

651,581

Gross margin reconciliation:

GAAP gross margin

73

%

75

%

74

%

74

%

Stock-based compensation expense

2

%

3

%

2

%

3

%

Employer payroll tax on employee stock transactions

—

%

—

%

—

%

—

%

Amortization of acquired intangible assets

3

%

2

%

2

%

2

%

Acquisition-related compensation

—

%

—

%

—

%

—

%

Non-GAAP gross margin*

78

%

79

%

79

%

79

%

Research and development expense reconciliation:

GAAP research and development expense

$

89,363

$

74,626

$

323,853

$

267,002

Stock-based compensation expense

(24,360

)

(22,865

)

(94,542

)

(83,957

)

Employer payroll tax on employee stock transactions

(197

)

(245

)

(1,144

)

(1,020

)

Acquisition-related compensation

(2,516

)

(837

)

(5,165

)

(3,203

)

Non-GAAP research and development expense

$

62,290

$

50,679

$

223,002

$

178,822

Sales and marketing expense reconciliation:

GAAP sales and marketing expense

$

136,829

$

128,065

$

525,151

$

487,225

Stock-based compensation expense

(26,904

)

(24,928

)

(93,640

)

(80,496

)

Employer payroll tax on employee stock transactions

(345

)

(410

)

(2,121

)

(1,993

)

Amortization of acquired intangible assets

(2,553

)

(2,253

)

(9,406

)

(8,963

)

Acquisition-related compensation

(1,463

)

(21

)

(2,002

)

(121

)

Non-GAAP sales and marketing expense... .

$

105,564

$

100,453

$

417,982

$

395,652

General and administrative expense reconciliation:

GAAP general and administrative expense

$

50,494

$

46,078

$

202,141

$

185,487

Stock-based compensation expense

(22,562

)

(20,458

)

(88,399

)

(80,973

)

Employer payroll tax on employee stock transactions

(228

)

(666

)

(2,021

)

(1,984

)

Acquisition-related compensation

—

(1

)

—

(2

)

Non-GAAP general and administrative expense

$

27,704

$

24,953

$

111,721

$

102,528

Restructuring reconciliation:

GAAP restructuring expense

$

44

$

—

$

12,265

$

—

Stock-based compensation expense

(5

)

—

578

—

Other restructuring charges

(39

)

—

(12,843

)

—

Non-GAAP restructuring expense

$

—

$

—

$

—

$

—

Operating income (loss) reconciliation:

GAAP operating loss

$

(79,897

)

$

(80,258

)

$

(321,309

)

$

(329,359

)

Stock-based compensation expense

79,707

74,113

297,587

267,531

Employer payroll tax on employee stock transactions

886

1,508

5,975

5,681

Amortization of acquired intangible assets

10,780

6,449

32,301

27,020

Acquisition-related compensation

3,989

889

7,225

3,706

Other restructuring charges

39

—

12,843

—

Non-GAAP operating income (loss)

$

15,504

$

2,701

$

34,622

$

(25,421

)

Operating margin reconciliation:

GAAP operating margin

(29

)%

(36

)%

(32

)%

(40

)%

Stock-based compensation expense

29

%

33

%

30

%

33

%

Employer payroll tax on employee stock transactions

—

%

1

%

1

%

1

%

Amortization of acquired intangible assets

4

%

3

%

3

%

3

%

Acquisition-related compensation

1

%

—

%

1

%

—

%

Other restructuring charges

—

%

—

%

1

%

—

%

Non-GAAP operating margin*

6

%

1

%

3

%

(3

)%

Net income (loss) reconciliation:

GAAP net loss

$

(110,232

)

$

(70,788

)

$

(450,735

)

$

(288,441

)

Stock-based compensation expense

79,707

74,113

297,587

267,531

Employer payroll tax on employee stock transactions

886

1,508

5,975

5,681

Amortization of acquired intangible assets

10,780

6,449

32,301

27,020

Acquisition-related compensation

3,989

889

7,225

3,706

Other restructuring charges

39

—

12,843

—

Net (gains) losses on strategic investments

977

—

(347

)

(345

)

Provision for income taxes

37,507

—

163,424

—

Non-GAAP net income

$

23,653

$

12,171

$

68,273

$

15,152

Net income (loss) margin reconciliation:

GAAP net loss margin

(41

)%

(31

)%

(45

)%

(35

)%

Stock-based compensation

29

%

33

%

30

%

33

%

Employer payroll tax on employee stock transactions

—

%

1

%

1

%

1

%

Amortization of acquired intangible assets

4

%

3

%

3

%

3

%

Acquisition-related compensation

1

%

—

%

1

%

—

%

Other restructuring charges

—

%

—

%

1

%

—

%

Net (gains) losses on strategic investments

—

%

—

%

—

%

—

%

Provision for income taxes

14

%

—

%

16

%

—

%

Non-GAAP net income margin*

9

%

5

%

7

%

2

%

GAAP basic and diluted shares

334,843,972

321,446,833

330,111,148

314,811,783

Dilutive shares under the treasury stock method ..

6,047,544

17,526,337

8,646,610

18,192,341

Non-GAAP diluted shares

340,891,516

338,973,170

338,757,758

333,004,124

Diluted EPS reconciliation:

GAAP net loss per share, basic and diluted

$

(0.33

)

$

(0.22

)

$

(1.37

)

$

(0.92

)

Stock-based compensation expense

0.23

0.22

0.88

0.80

Employer payroll tax on employee stock transactions

—

—

0.02

0.02

Amortization of acquired intangible assets

0.03

0.02

0.10

0.08

Acquisition-related compensation

0.01

—

0.02

0.01

Other restructuring charges

—

—

0.04

—

Net (gains) losses on strategic investments .

—

—

—

—

Provision for income taxes

0.11

—

0.48

—

Adjustment to fully diluted earnings per share (1)

0.02

0.02

0.03

0.06

Non-GAAP net income per share, diluted

$

0.07

$

0.04

$

0.20

$

0.05

*Certain figures may not sum due to rounding.

(1) For periods in which we had diluted non-GAAP net income per share, the sum of the impact of individual reconciling items may not total to diluted non-GAAP net income per share because the basic share counts used to calculate GAAP net loss per share differ from the diluted share counts used to calculate non-GAAP net income per share, and because of rounding differences. The GAAP net loss per share calculation uses a lower share count as it excludes dilutive shares which are included in calculating the non-GAAP net income per share.

SENTINELONE, INC.

SELECTED CASH FLOW INFORMATION

(in thousands)

(unaudited)

Reconciliation of cash provided by (used in) operating activities to free cash flow:

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

GAAP net cash provided by (used in) operating activities

$

4,371

$

(3,401

)

$

76,616

$

33,728

Less: Purchases of property and equipment

(194

)

(194

)

(713

)

(1,860

)

Less: Capitalized internal-use software

(6,486

)

(5,326

)

(24,012

)

(25,121

)

Free cash flow

$

(2,309

)

$

(8,921

)

$

51,891

$

6,747

Net cash provided by (used in) investing activities

$

111,777

$

(132,499

)

$

86,993

$

(218,397

)

Net cash (used in) provided by financing activities

$

(84,486

)

$

24,218

$

(160,753

)

$

55,885

Operating cash flow margin

2

%

(2

)%

8

%

4

%

Free cash flow margin

(1

)%

(4

)%

5

%

1

%

View source version on businesswire.com: https://www.businesswire.com/news/home/20260312383715/en/
Investor Relations:

Saad Nazir

investors@sentinelone.com

Press:

Craig VerColen

press@sentinelone.com

Original: SentinelOne Announces Fourth Quarter and Fiscal Year 2026 Financial Results