US Market News
6日前
A Microcap Just Staked a Claim in the AI Agent Security Land GrabMay 29, 2026 9:48 AM
PR Newswire (US) Issued on behalf of Integrated Cyber Solutions Inc. dba Integrated Quantum Technologies (CSE: ICS) (OTCQB: IGCRF) (FSE: Y4G)As enterprises rush to deploy autonomous AI agents, a new security problem is emerging that the old cybersecurity playbook wasn't built for — and a small Vancouver-based company just put a flag in the ground with a framework called MASQ.USA News Group News Commentary NEW YORK, May 29, 2026 /PRNewswire/ -- Every few years, enterprise technology produces a category that didn't exist the year before. In 2026, that category is AI agent security. Autonomous AI agents — software that can reason, make decisions, and take actions across a company's systems without a human pressing every button — are moving from pilot projects into production at remarkable speed. And with them comes a problem the traditional security stack was never designed to solve: how do you control what an AI agent is allowed to see, what it's allowed to do, and how its internal reasoning is protected while it's doing it? Integrated Cyber Solutions Inc., doing business as Integrated Quantum Technologies (CSE: ICS) (OTCQB: IGCRF) (FSE: Y4G), just announced its answer. The company has initiated the patent process for MASQ™ — short for Machine Action Security Quotient — a governance and security framework built specifically for AI agents and autonomous AI systems.What MASQ is actually trying to solveThe pitch is straightforward once you see the problem it targets. Today's AI agents don't just answer questions; they connect to APIs, call external tools, query enterprise databases, and increasingly talk to other agents through emerging plumbing like MCP (Model Context Protocol) servers. Each of those connection points is a place where an agent could access something it shouldn't, take an action nobody authorized, or leak sensitive information held in its working memory.MASQ is designed to sit across those control points and govern four things: what permissions and actions an agent is authorized to perform; what enterprise systems and data it can reach; how it interacts with APIs, external tools, and MCP servers; and — the most distinctive piece — how the sensitive information inside an agent's context window, internal attention states, and reasoning environment is protected during machine-to-machine interaction. That last element is the part most traditional cybersecurity architectures simply don't address, because they were built to protect networks and endpoints, not the live reasoning state of an autonomous machine."AI agents are becoming increasingly autonomous and interconnected, and organizations will require governance systems capable of controlling not only what agents can access and execute, but also how sensitive contextual reasoning data is protected during machine-to-machine interaction," said Jeremy J. Samuelson, EVP, Artificial Intelligence & Innovation at Integrated Quantum, who joined the company in January 2026 after serving as Principal Data and AI Scientist for Digital Identity Engineering at Equifax and is credited as the inventor of the company's VEIL technology. "This patent initiative reflects our continued focus on building foundational infrastructure for secure enterprise AI deployment."A piece of a bigger platformMASQ isn't a standalone bet. The company intends it to become a core component of its broader AIQu™ platform — a security-first, privacy-preserving, and what the company describes as quantum-resilient AI infrastructure layer. AIQu's first commercial product, VEIL™ (Vector-Encoded Information Layer), is the company's patent-pending technology aimed at protecting sensitive data across the enterprise AI and machine-learning pipeline by reducing the need to expose raw data in the first place. The company also markets a SecureGuard360™ cybersecurity platform and a managed-services offering.It's worth being precise about where MASQ stands today, because the language matters. The company has initiated the patent process and engaged intellectual property counsel — this is the beginning of a filing effort, not a granted patent or even, on its face, a completed application. MASQ is described as "being developed." For investors, that distinction is the difference between a roadmap and a shipping product, and it should be read as the former. The company's earlier AIQu provisional patent filing (30 claims, filed in January 2026) is a separate matter from this MASQ initiative.Why the timing is the storyThe reason a framework like MASQ is getting attention has less to do with this one microcap and more to do with how fast the surrounding market is moving. The numbers from the established players tell the story.In January 2026, Gartner projected that AI-cybersecurity spending — covering both securing AI and using AI to defend — would grow at a roughly 74% compound annual rate from 2024 through 2029, more than double the growth rate of AI spending overall. That is the kind of forecast that pulls every serious security vendor into the space, and they have arrived. The agentic-AI-security category now has real product from the largest names in cybersecurity, which is both validation of the thesis and a sharp reminder of how much competition a microcap faces.How IQT sits among the companies defining this spaceTo understand the market MASQ is entering, it helps to look at what the established public companies are already shipping. These are not peers of IQT in scale — they are giants, and the contrast is the point: IQT is a microcap staking an early claim in a category these companies are pouring resources into.CrowdStrike (NASDAQ: CRWD) has moved aggressively into agentic security, launching its Charlotte AI AgentWorks ecosystem and tools explicitly designed to secure AI agents and govern "shadow AI" across endpoints, SaaS, and cloud. CrowdStrike's scale — and the breadth of its launch partners — illustrates how central agent governance has become to the enterprise security roadmap.Palo Alto Networks (NASDAQ: PANW) made the category's biggest statement by completing its roughly US$25 billion acquisition of identity-security leader CyberArk in February 2026, explicitly to secure "human, machine, and agentic identity." That deal — one of the largest in cybersecurity history — is the clearest possible signal that controlling what autonomous agents can access and do is now seen as foundational infrastructure, not a niche feature.Okta (NASDAQ: OKTA) has reframed identity itself around the agentic era with "Okta for AI Agents," a platform (generally available April 30, 2026) built to discover both sanctioned and unsanctioned AI agents, treat them as governed identities, and apply lifecycle controls. Okta's framing — that identity becomes a runtime system continuously evaluating what an agent does — maps closely to the problem MASQ describes.SentinelOne (NYSE: S) introduced Prompt AI Agent Security, a real-time discovery and governance control plane for AI agents and agentic workflows that explicitly enforces policy across MCP servers operating in a customer's environment — the same machine-to-machine connection layer MASQ targets. SentinelOne's product is perhaps the closest functional analog to what IQT describes, deployed at enterprise scale.The honest takeaway from that lineup cuts both ways. On one hand, the presence of CrowdStrike, Palo Alto, Okta, and SentinelOne validates that AI agent governance is a real and rapidly growing market. On the other, it means a pre-revenue microcap with a framework still in development is entering a field crowded with extraordinarily well-resourced incumbents. Both things are true at once, and investors should hold them together.The market-awareness pieceAlongside the MASQ news, IQT announced two business-development moves. It appointed Euroswiss Capital Partners Inc., a Switzerland-based capital-markets advisory firm, as a strategic marketing and financial-advisory partner under a 12-month, non-exclusive consulting agreement (fixed fee of $100,000) to raise the company's profile across central Europe; an affiliate of Euroswiss holds 200,000 common shares, and the agreement was negotiated at arm's length. Separately, the company entered an investor-awareness agreement to support North American financial-news distribution. These are visibility initiatives — the kind small-cap issuers commonly use to broaden their investor reach — and they should be understood as marketing arrangements rather than indicators of commercial traction for MASQ itself.The bottom lineMASQ is an early-stage idea aimed squarely at a real and fast-growing problem. The thesis behind it — that autonomous AI agents need a governance layer purpose-built for what they can access, what they can do, and how their reasoning is protected — is being independently validated by the largest companies in cybersecurity, which are spending billions to address exactly that. That's the bull case.The bear case is equally plain: IQT is a microcap that has initiated a patent process on a framework still in development, in a category where it competes against some of the best-capitalized security companies on the planet. Whether MASQ becomes a defensible product, a licensed piece of intellectual property, or simply an early marker of ambition is a question that only execution — and time — will answer. What the company has done is plant a flag in one of the most consequential enterprise-technology shifts of the decade. What it builds on that claim is the part still to be written.For full company detail and ongoing updates, visit IQT's USA News Group landing page: https://usanewsgroup.com/ics-landing/Contact:USA News Group
info @therooster-2873Sources:Integrated Cyber Solutions Inc. dba Integrated Quantum Technologies, "Integrated Quantum Technologies Debuts MASQ™, an AI Agent Governance and Security Architecture, Initiates Patent Process, and Announces Strategic Market Awareness Initiatives," Newsfile Corp., May 28, 2026.Integrated Quantum Technologies, "Files Provisional Patent for Post-Quantum AI Infrastructure Platform, AIQu" (30 claims; VEIL™), January 13, 2026; EVP AI appointment (Jeremy Samuelson), January 2026.CrowdStrike Holdings, "CrowdStrike Launches the Charlotte AI AgentWorks Ecosystem," March 25, 2026; "Secure AI Agents and Govern Shadow AI," March 2026.Palo Alto Networks, "Palo Alto Networks Completes Acquisition of CyberArk to Secure the AI Era," February 11, 2026.Okta, "Okta announces new blueprint for the secure agentic enterprise" / "Okta for AI Agents" (GA April 30, 2026), March 2026.SentinelOne, "SentinelOne Unveils New AI Security Offerings" (Prompt AI Agent Security; MCP-server policy enforcement), March 23, 2026; Gartner AI-cybersecurity spend forecast (~73.9% CAGR, 2024–2029), January 2026.DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group (MIQ). MIQ has been paid a fee for Integrated Cyber Solutions (ICS). advertising and digital media from the company directly. There may be 3rd parties who may have shares of ICS, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of ICS which were purchased in the open market, and/or through private placements, and reserve the right to buy and sell, and will sell shares of ICS at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by ICS; this is a paid advertisement, we currently own shares of ICS and will sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg View original content:https://www.prnewswire.com/news-releases/a-microcap-just-staked-a-claim-in-the-ai-agent-security-land-grab-302785726.htmlSOURCE USA News Group Original: A Microcap Just Staked a Claim in the AI Agent Security Land Grab
US Market News
7日前
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
US Market News
1週前
AI-Enabled Cyberespionage Is a National Security Threat. Integrated Cyber Solutions Has an AnswerMay 26, 2026 10:06 AM
PR Newswire (Canada) Issued on behalf of Integrated Cyber Solutions Inc.As Chinese state-sponsored actors weaponize frontier AI against U.S. enterprises and Washington reframes data exposure as a national security problem, Integrated Cyber Solutions Inc. (dba Integrated Quantum Technologies) has published an updated white paper reporting 95%+ compression of sensitive data — removing it from the AI attack surface entirely while maintaining model performance across healthcare, financial services and enterprise-scale environments.NEW YORK, May 26, 2026 /CNW/ -- Equity Insider News Commentary — In November 2025, Anthropic disclosed that Chinese state-sponsored actors had used its Claude model to run a largely automated cyberespionage campaign across roughly thirty targets, with the AI performing 80 to 90 percent of the operational work. [9] Five months later, in April 2026, the White House Office of Science and Technology Policy issued a memo warning that foreign entities, primarily based in China, are conducting industrial-scale campaigns against U.S. frontier AI systems. [10] On May 18, 2026, the Council on Foreign Relations published an assessment titled "The Security Foundations Beneath America's AI Ambitions Are Cracking." [11] In the span of six months, enterprise data exposure to AI systems has stopped being a corporate IT problem and started being a national security problem. That reframing matters at the boardroom level, because every enterprise running a serious AI program eventually runs into the same wall. The data that would make their models genuinely useful — patient records, transaction history, claims data, internal financial filings, regulated images — is also the data their legal and security teams will not let near a model pipeline. So they ship synthetic substitutes, or they aggressively anonymize, or they encrypt and pay the latency cost, or they just narrow the project until the data risk goes away. Whichever path they pick, the model that ships at the end is a weaker version of what was actually possible. And in a threat environment where state-sponsored actors are now using AI itself to harvest that data, the cost of leaving it exposed has gone up sharply.Stay ahead of the AI security and post-quantum stories investors are watching. Sign up for the Equity Insider newsletter for ongoing coverage.That is the bottleneck. And it is the bottleneck that a Canadian-listed company called Integrated Cyber Solutions Inc. (CSE: ICS | OTCQB: IGCRF | FSE: Y4G), which now operates publicly as Integrated Quantum Technologies ("Integrated Quantum," "IQT," or the "Company"), has been quietly working to dissolve.On May 26, 2026, the Company released an expanded version of its white paper on VEIL™, its commercial product for privacy-preserving machine learning. [1] The paper, authored by Jeremy J. Samuelson, EVP, Artificial Intelligence & Innovation, is titled "Informationally Compressive Anonymization: Non-Degrading Sensitive Input Protection for Privacy-Preserving Supervised Machine Learning," and is available here. The title alone is the thesis: the central claim of the work is that an enterprise can compress sensitive inputs by between approximately 95% and 99.96%, demonstrate resilience against reconstruction and attribute inference attacks under the testing conditions described, and at the same time match — or in some cases beat — the predictive performance of a model trained on the raw data. [1]If that holds up under real-world deployment, it is a meaningful claim. Privacy-preserving ML has historically been a graveyard of "almost" solutions. Differential privacy degrades accuracy by injecting noise. Homomorphic encryption multiplies computational cost. Federated learning still leaks gradients under the right attack. In each case, the engineer running the project has had to decide which tax to pay: the accuracy tax, the compute tax, or the security tax. The pitch in the Samuelson paper is that VEIL™ materially narrows that trilemma by removing sensitive information before it ever enters the ML pipeline, rather than trying to protect it once it gets there.What the Paper Actually ShowsThe updated paper is not a marketing one-pager. It evaluates VEIL™ across multiple supervised machine learning tasks and datasets, in image recognition, financial services, healthcare, regression modeling and large-scale enterprise data environments. The benchmark and enterprise datasets it tests include MNIST, Fashion-MNIST, Ames Housing, YearPredictionMSD, Home Credit Default Risk, Default of Credit Card Clients, CBIS-DDSM medical imaging data and the E2006 financial filings dataset. [1] That is a deliberately wide net — toy benchmarks alongside enterprise-grade data — because the company is making a generalizability argument, not a single-benchmark argument.The two headline numbers are worth restating. Reported compression levels across the evaluated datasets and machine learning tasks ranged from approximately 95% to 99.96%, depending on the dataset, dimensionality and model architecture utilized. [1] And in each evaluation, VEIL™ maintained predictive utility comparable to and/or exceeding baseline raw-data model performance. [1] The combination matters. Either one in isolation would be unremarkable: compression without utility is just lossy data, and utility without compression is just regular ML on regular data. The claim is that you get both.The paper also benchmarks VEIL™ directly against the two privacy-preserving approaches most often discussed in enterprise procurement conversations: Differential Privacy and Homomorphic Encryption. Both are associated with predictive performance trade-offs in addition to computational overhead, privacy-budget management requirements and ciphertext expansion characteristics under certain implementations and testing conditions. [1] Under the evaluated testing conditions described in the paper, VEIL™ outperformed Differential Privacy across the reported attack simulations — simulations that include reconstruction attacks and attribute inference analyses intended to assess resilience under various threat scenarios and attacker assumptions. [1]The Company is careful, to its credit, about overclaiming. The paper notes that in certain enterprise deployment scenarios involving vulnerabilities elsewhere in a system environment — leaked sensitive indices, external data correlation — VEIL™ may still permit limited sensitive information leakage under specific adversarial conditions. [1] That is the honest version of the claim. The findings, performance observations and comparative analyses contained in the paper are based on internal research, simulations, validation studies, datasets, configurations and assumptions utilized by the Company and the paper's author; results may not be indicative of performance in all commercial deployments. [1]An external endorsement also accompanies the release. Dr. Mohammad Tayebi, Assistant Professor in the School of Computing Science at Simon Fraser University, who was referenced in the Company's original white paper announcement, supports and endorses the updated paper. The Company has disclosed that Dr. Tayebi has no affiliation with Integrated Quantum and has received no compensation from the Company in connection with the endorsement, the white paper or the underlying research. [1]Why the Compression Number Matters Beyond PrivacyThere is a second story tucked inside the headline. The Company believes that the ability to materially reduce dataset size while preserving model utility may have broader implications for enterprise AI infrastructure efficiency, including potential reductions in storage, transfer and computational requirements associated with certain machine learning workflows. [1]Put plainly: if an enterprise can shrink the information footprint of its sensitive training data by 95%-plus and still get the same model performance, the downstream implications for compute and storage envelopes may be material. The Company itself frames this as "potential reductions in storage, transfer and computational requirements associated with certain machine learning workflows." [1] The privacy benefit is the on-ramp, but the infrastructure-cost benefit is what could keep VEIL™ on a finance team's radar after the security team is already convinced. Enterprise AI has become a budget line item large enough that even modest reductions in compute and storage translate into meaningful savings.Samuelson framed it this way: "Our research continues to support the view that informational compression and architectural isolation may provide a viable framework for privacy-preserving machine learning without requiring the substantial computational overhead commonly associated with certain existing approaches. We also believe the compression characteristics demonstrated in the paper could have meaningful implications for enterprise AI efficiency and infrastructure optimization in certain deployment scenarios." [1]The Public-Market Read-Across: A Sector Repricing in Real TimeThe capital markets have not been subtle about what they think of companies positioned at the intersection of AI security and enterprise data protection. Four public names — each operating at a different layer of the same broad stack — give a sense of how investors are paying for this thesis right now.Palo Alto Networks, Inc. (NASDAQ: PANW) is the index name for the AI-era cybersecurity narrative. The shares touched an intraday record of approximately US$252.22 on May 21, 2026, putting the stock at a fresh all-time high heading into its fiscal third-quarter 2026 results, scheduled for release after market close on June 2, 2026. [2] The same day the record was set, Palo Alto published a blog post announcing an integration between its Cortex Cloud Data Security Posture Management (DSPM) platform and Anthropic's Claude Compliance API, designed to give enterprises programmatic visibility into how sensitive data is being used inside Claude Enterprise — covering prompt content, uploaded files, generated outputs and behavioral activity — and to detect prompt injection attempts, sensitive data exposure and anomalous behavior in real time. [3] That is adjacent to the problem space VEIL™ is operating in: Palo Alto's integration governs what users can do with sensitive data once they sit down at an AI chat interface, while VEIL™ changes what sensitive data actually enters the ML pipeline in the first place.Arqit Quantum Inc. (NASDAQ: ARQQ) is the closest pure-play read-across to the post-quantum side of the Integrated Quantum thesis. The Company's own framing describes its mission as building "privacy-preserving and post-quantum enterprise AI infrastructure technologies" — a two-pronged thesis. [1] Arqit represents the second prong as a pure-play. On May 21, 2026, Arqit reported financial results for the first half of fiscal year 2026, with revenue of US$623,000 for the six months ended March 31, 2026, compared to US$67,000 in the comparable period the prior year. [4] Revenue was generated from eleven contracts in the first half of fiscal year 2026, compared to seven contracts for all of fiscal year 2025, with eight of the eleven contracts coming from government, defence and enterprise organizations and three from telecom network operators. [4] The Company ended the period with cash and cash equivalents of approximately US$28.9 million as of March 31, 2026, rising to approximately US$35.9 million as of May 20, 2026. [4] Arqit's commercial focus is quantum-safe symmetric key agreement encryption — a different technical primitive than what VEIL™ does — but it is operating within the same broader enterprise-readiness thesis: large institutions preparing for a post-quantum world, and willing to pay for the infrastructure to get there.SEALSQ Corp (NASDAQ: LAES), a subsidiary of WISeKey International Holding (NASDAQ: WKEY), has had one of the more visible run-ups in the post-quantum cohort. On May 20, 2026, SEALSQ and parent WISeKey launched the WISeRobot.ch platform, integrating post-quantum semiconductors into a human-centric AI robotics roadmap targeting government, healthcare and smart-infrastructure verticals. [6] Shares traded up roughly 15% intraday the following day, May 21, 2026, on heavy volume. [5] The WISeRobot launch sits on top of a broader build-out at SEALSQ: a recent patent filing for a technique that protects polynomial-based post-quantum cryptography from side-channel attacks during the message-encoding stage, the sampling phase of the QS7001 Quantum Shield secure microcontroller (which embeds NIST-approved ML-KEM/Kyber and ML-DSA/Dilithium algorithms in silicon), and a commercial pipeline that management now describes as exceeding US$200 million for the 2026–2029 period — with more than US$60 million specifically tied to the QS7001 and QVault TPM post-quantum chips. [5] The signal SEALSQ is sending — that enterprises and governments are now making real procurement decisions assuming a post-quantum world is real — is adjacent to the signal embedded in the VEIL™ paper: both companies sit inside Integrated Quantum's self-described "privacy-preserving and post-quantum enterprise AI infrastructure" theme, just at different layers of the stack.SentinelOne, Inc. (NYSE: S) represents the AI-securing-everything-else variation of the same theme. On April 30, 2026, the Company launched its Wayfinder Frontier AI Services offering, a proactive exposure-management service that pairs frontier AI models — including Anthropic's Claude Opus 4.7 — with the Company's offensive and defensive security experts to map exploitation chains and prioritize remediations across a customer's full attack surface. [7] One week earlier, on April 22, 2026 at Google NEXT, SentinelOne was named a 2026 Google Cloud Partner of the Year for Security: Google Threat Intelligence. [8] SentinelOne is using frontier AI to defend enterprise infrastructure end-to-end — and notably, like Palo Alto Networks' Cortex Cloud integration with the Claude Compliance API, SentinelOne's flagship Wayfinder service is built on top of Anthropic's Claude. VEIL™ is operating one floor lower, at the data layer that feeds those AI systems in the first place. The three are addressing different sections of the same enterprise security perimeter.Put together, the four names sketch the perimeter of where institutional capital is currently betting that the next decade of enterprise AI security spend gets allocated. Palo Alto is the platform incumbent. Arqit and SEALSQ are the post-quantum specialists. SentinelOne is the AI-native security operator. What none of them is doing — and what the VEIL™ paper argues Integrated Cyber Solutions is doing — is reaching all the way back to the data itself, before it ever reaches a model, and changing what is actually fed in. That is a structurally different point of intervention in the pipeline.Read the full Integrated Cyber Solutions profile, the VEIL™ white paper, and ongoing coverage at usanewsgroup.com/ics-landing/.The Bottom LineEnterprise AI has been operating with a private understanding that the projects that ship are the ones where the data was already either non-sensitive or already de-risked through synthetic substitutes. Anything involving real patient records, real financial filings, real customer transaction histories — the data that would make the model meaningfully more accurate — has tended to die quietly in compliance review.The updated white paper out of Integrated Cyber Solutions Inc. is a credible argument that the architectural assumption underneath that compromise can be revisited. Reported 95% to 99.96% compression. Predictive utility maintained or exceeded versus raw-data baselines. Outperformance against Differential Privacy in the reported attack simulations. Endorsed by an independent academic. And, critically, framed by the Company with appropriate caveats about real-world deployment variability. [1]If the architecture holds up in commercial deployments, the same enterprises that have been routing around their best data for years will have to revisit the assumption. That is a large prize. Continued reading on Integrated Cyber Solutions Inc. and the VEIL™ white paper is available at https://usanewsgroup.com/ics-landing/.Contact: editor @acblanke1Article Sources[1] Integrated Cyber Solutions Inc. (dba Integrated Quantum Technologies) press release, May 26, 2026 — "EVP of Integrated Quantum Technologies Publishes Updated VEIL™ White Paper Demonstrating 95%+ Compression Rates Without Performance Tradeoffs."[2] Palo Alto Networks, Inc. press release, May 1, 2026 — "Palo Alto Networks to Announce Fiscal Third Quarter 2026 Financial Results" (release scheduled after U.S. markets close on Tuesday, June 2, 2026); intraday all-time high of approximately US$252.22 per Investing.com, May 21, 2026.[3] Palo Alto Networks corporate blog, May 21, 2026 — "Securing Enterprise AI Adoption: Palo Alto Networks Integrates with the Claude Compliance API to Enable Safe Use of Claude," by Arpit Bhatt (Cortex Cloud DSPM + Anthropic Claude Compliance API integration).[4] Arqit Quantum Inc. press release / Form 6-K, May 21, 2026 — "Announces Financial Results for First Half of Fiscal Year 2026," London, UK.[5] SEALSQ Corp press release, April 28, 2026 — "SEALSQ Patent Portfolio of 126 Active Patents Ideally Positioned to Meet Market Demand Following Google's 2029 Post-Quantum Cryptography Migration Timeline Announcement" (patent filing for side-channel attack protection on polynomial-based PQC; QS7001 Quantum Shield sampling phase confirmation) (GlobeNewswire). Commercial pipeline commentary (>US$200M for 2026–2029; >US$60M tied to QS7001 + QVault TPM) from WISeKey International Holding 6-K disclosures (May 6, 2026 CEO letter). Intraday move of approximately 15% on May 21, 2026 reported by StocksToTrade.[6] WISeKey International Holding Ltd / SEALSQ Corp press release, May 20, 2026 — launch of the WISeRobot.ch platform for human-centric AI robotics secured with post-quantum cryptographic technology.[7] SentinelOne, Inc. press release, April 30, 2026 — launch of Wayfinder Frontier AI Services proactive exposure-management offering, integrating frontier AI models including Anthropic's Claude Opus 4.7.[8] SentinelOne, Inc. press release, April 22, 2026 (Google NEXT) — "SentinelOne Wins a 2026 Google Cloud Partner of the Year Award" (Security: Google Threat Intelligence category) (BusinessWire).[9] Anthropic disclosure, November 2025 — first AI-orchestrated cyberespionage campaign by Chinese state-sponsored actors using the Claude model, targeting approximately 30 entities with 80–90% of operational work performed autonomously by the AI. Disclosure also referenced in "China, AI and a Federal Retreat Set Cyber Agenda for 2026" (Information Security Media Group, December 25, 2025) and U.S. Senate letter from Senators Hassan and Ernst to National Cyber Director Sean Cairncross.[10] White House Office of Science and Technology Policy memo, April 2026 — warning that foreign entities, primarily based in China, are conducting industrial-scale campaigns to distill U.S. frontier AI systems through proxy accounts and other coordinated methods. Referenced in U.S. House Select Committee on the CCP correspondence to Anysphere and Airbnb (May 2026).[11] Vinh X. Nguyen, Senior Fellow for Artificial Intelligence, Council on Foreign Relations, May 18, 2026 — "Scaling Intelligence: The Security Foundations Beneath America's AI Ambitions Are Cracking."DISCLAIMERNothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity-Insider.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Integrated Cyber Solutions Inc. advertising and digital media directly by the company. There may be 3rd parties who may have shares of Integrated Cyber Solutions Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article as the basis for any investment decision.The owner/operator of MIQ does not currently own any shares of Integrated Cyber Solutions Inc. but reserves the right to buy and sell, and will buy and sell shares of the Company at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the Company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our article is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industries. The publisher of these statements assumes no responsibility to update any such forward-looking statements. Forward-looking statements by their nature involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the subject companies to be materially different from those expressed or implied by such forward-looking statements. Issued on behalf of Integrated Cyber Solutions Inc. by Equity Insider / Market IQ Media Group, Inc.Logo : https://mma.prnewswire.com/media/2840019/5987575/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-enabled-cyberespionage-is-a-national-security-threat-integrated-cyber-solutions-has-an-answer-302781938.htmlSOURCE Equity Insider Original: AI-Enabled Cyberespionage Is a National Security Threat. Integrated Cyber Solutions Has an Answer
US Market News
3月前
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