Revenue increased 28% year-over-year
ARR up 29% year-over-year
SentinelOne, Inc. (NYSE: S) today announced financial results
for the third quarter of fiscal year 2025 ended October 31,
2024.
“Our Q3 results demonstrate strong execution and business
momentum. We exceeded our topline growth expectations and
re-accelerated new business growth,” said Tomer Weingarten, CEO of
SentinelOne. “Enterprises are increasingly selecting Singularity
Platform for real-time, autonomous security. With our
industry-leading innovations and broadening platform capabilities,
Singularity is setting the standard for the future of AI-powered
cybersecurity.”
“Our Q3 performance reflects strong execution as we continue to
deliver top-tier revenue growth, best-in-class gross margins, and
operating leverage,” said Barbara Larson, CFO of SentinelOne. “For
the first time, we delivered positive free cash flow on a
trailing-twelve-month basis, a key milestone in our journey toward
sustained profitability. Based on strong execution and business
momentum, we’re raising our revenue growth outlook to 32% for the
fiscal year ’25.”
Letter to Shareholders
We have published a letter to shareholders on the Investor
Relations section of our website at investors.sentinelone.com. The
letter provides further discussion of our results for the third
quarter of fiscal year 2025 as well as the financial outlook for
our fiscal fourth quarter and full fiscal year 2025.
Third Quarter Fiscal Year 2025 Highlights
(All metrics are compared to the third quarter of fiscal year
2024 unless otherwise noted)
- Total revenue increased 28% to $210.6 million, compared
to $164.2 million.
- Annualized recurring revenue (ARR) increased 29% to
$859.7 million as of October 31, 2024.
- Customers with ARR of $100,000 or more grew 24% to 1,310
as of October 31, 2024.
- Gross margin: GAAP gross margin was 75%, compared to
73%. Non-GAAP gross margin was 80%, compared to 79%.
- Operating margin: GAAP operating margin was (42)%,
compared to (50)%. Non-GAAP operating margin was (5)%, compared to
(11)%.
- Cash flow margin: Operating cash flow margin was (3)%,
compared to (14)%. Free cash flow margin was (6)%, 10 percentage
points higher compared to (16)%. Trailing-twelve month operating
cash flow margin was 4%, compared to (15)%. Trailing-twelve month
free cash flow margin was 1%, compared to (17)% in the year-ago
quarter.
- Cash, cash equivalents, and investments were $1.1
billion as of October 31, 2024.
Financial Outlook
We are providing the following guidance for the fourth quarter
of fiscal year 2025, and for fiscal year 2025 (ending January 31,
2025).
Q4FY25
Guidance
Full FY2025
Guidance
Revenue
$222 million
$818 million
Non-GAAP gross margin
79%
79%
Non-GAAP operating margin
(3)%
(4)%
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 expense of acquired intangible assets,
acquisition-related compensation costs, restructuring charges, and
gains and losses on strategic investments. 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 gross margin and non-GAAP operating
margin 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 third quarter of fiscal year
2025 and outlook for fourth quarter of fiscal year 2025 and full
fiscal year 2025 today, December 4, 2024, 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, competitive position, and future financial and
operating performance, including our financial outlook for the
fourth quarter of fiscal year 2025 and our full fiscal year 2025,
including non-GAAP gross margin and non-GAAP operating margin;
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; our ability to
successfully integrate any acquisitions and strategic investments;
actual or perceived defects, errors or vulnerabilities in our
platform; risks associated with managing our rapid growth; general
global market, political, economic, and business conditions,
including those related to declining global macroeconomic
conditions, the change in the U.S. presidential administration,
actual or perceived instability in the banking sector, supply chain
disruptions, a potential recession, inflation, interest rate
volatility, and geopolitical uncertainty, including the effects of
the conflicts in the Middle East and Ukraine and tensions between
China and Taiwan; 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 27,
2024, 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 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 asset 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 severance payments,
employee benefits, stock-based compensation, and inventory
write-offs. 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).
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 Loss from Operations, Non-GAAP Operating
Margin, Non-GAAP Net Loss and Non-GAAP Net Loss 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
We define free cash flow as cash (used in) provided by operating
activities less purchases of property and equipment and capitalized
internal-use software costs. We believe 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 and 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)
October 31,
January 31,
2024
2024
Assets
Current assets:
Cash and cash equivalents
$
235,742
$
256,651
Short-term investments
424,517
669,305
Accounts receivable, net
164,603
214,322
Deferred contract acquisition costs,
current
60,272
54,158
Prepaid expenses and other current
assets
105,857
102,895
Total current assets
990,991
1,297,331
Property and equipment, net
68,125
48,817
Operating lease right-of-use assets
16,584
18,474
Long-term investments
463,542
204,798
Deferred contract acquisition costs,
non-current
77,362
71,640
Intangible assets, net
113,729
122,903
Goodwill
629,636
549,411
Other assets
7,051
8,033
Total assets
$
2,367,020
$
2,321,407
Liabilities and Stockholders’
Equity
Current liabilities:
Accounts payable
$
9,706
$
6,759
Accrued liabilities
122,518
104,671
Accrued payroll and benefits
69,624
74,345
Operating lease liabilities, current
5,120
4,689
Deferred revenue, current
400,515
399,603
Total current liabilities
607,483
590,067
Deferred revenue, non-current
97,526
114,930
Operating lease liabilities,
non-current
14,975
18,239
Other liabilities
7,513
4,128
Total liabilities
727,497
727,364
Stockholders’ equity:
Preferred stock
—
—
Class A common stock
29
27
Class B common stock
3
3
Additional paid-in capital
3,193,601
2,934,607
Accumulated other comprehensive income
(loss)
2,587
(1,550
)
Accumulated deficit
(1,556,697
)
(1,339,044
)
Total stockholders’ equity
1,639,523
1,594,043
Total liabilities and stockholders’
equity
$
2,367,020
$
2,321,407
SENTINELONE, INC.
CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS
(in thousands, except share
and per share data)
(unaudited)
Three Months Ended October
31,
Nine Months Ended October
31,
2024
2023
2024
2023
Revenue
$
210,648
$
164,165
$
595,940
$
446,979
Cost of revenue(1)
53,260
43,765
154,096
131,015
Gross profit
157,388
120,400
441,844
315,964
Operating expenses:
Research and development(1)
70,453
52,306
192,376
161,730
Sales and marketing(1)
123,713
98,249
359,160
295,682
General and administrative(1)
52,342
51,239
139,409
151,425
Restructuring(1)
—
74
—
4,329
Total operating expenses
246,508
201,868
690,945
613,166
Loss from operations
(89,120
)
(81,468
)
(249,101
)
(297,202
)
Interest income
12,696
11,877
37,631
33,901
Interest expense
(38
)
(1
)
(110
)
(1,213
)
Other income (expense), net
(378
)
605
(838
)
1,655
Loss before income taxes
(76,840
)
(68,987
)
(212,418
)
(262,859
)
Provision for income taxes
1,524
1,317
5,235
3,852
Net loss
$
(78,364
)
$
(70,304
)
$
(217,653
)
$
(266,711
)
Net loss per share attributable to Class A
and Class B common stockholders, basic and diluted
$
(0.25
)
$
(0.24
)
$
(0.70
)
$
(0.91
)
Weighted-average shares used in computing
net loss per share attributable to Class A and Class B common
stockholders, basic and diluted
316,987,303
296,650,848
312,583,956
292,755,742
(1) Includes stock-based compensation
expense as follows:
Cost of revenue
$
5,810
$
4,329
$
16,243
$
12,570
Research and development
22,816
15,634
61,092
45,876
Sales and marketing
18,612
14,085
55,568
40,362
General and administrative
22,950
20,865
60,515
65,560
Restructuring
—
—
—
(1,060
)
Total stock-based compensation expense
$
70,188
$
54,913
$
193,418
$
163,308
SENTINELONE, INC.
CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Nine Months Ended October
31,
2024
2023
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss
$
(217,653
)
$
(266,711
)
Adjustments to reconcile net loss to net
cash provided by (used in) operating activities:
Depreciation and amortization
31,825
28,549
Amortization of deferred contract
acquisition costs
48,297
34,699
Non-cash operating lease costs
2,981
3,010
Stock-based compensation expense
193,418
163,308
Loss on disposal of assets
1,481
1,116
Accretion of discounts and amortization of
premiums on investments, net
(10,536
)
(16,289
)
Net gain on strategic investments
(345
)
(2,706
)
Other
302
(479
)
Changes in operating assets and
liabilities, net of effects of acquisitions
Accounts receivable
49,980
18,846
Prepaid expenses and other assets
5,987
10,075
Deferred contract acquisition costs
(60,133
)
(47,289
)
Accounts payable
2,975
1,935
Accrued liabilities
14,557
(220
)
Accrued payroll and benefits
(4,702
)
(1,998
)
Operating lease liabilities
(3,925
)
(4,650
)
Deferred revenue
(17,163
)
16,311
Other liabilities
(217
)
301
Net cash provided by (used in) operating
activities
37,129
(62,192
)
CASH FLOW FROM INVESTING ACTIVITIES:
Purchases of property and equipment
(1,666
)
(1,117
)
Purchases of intangible assets
(149
)
(3,436
)
Capitalization of internal-use
software
(19,795
)
(9,687
)
Purchases of investments
(597,614
)
(462,539
)
Sales and maturities of investments
594,879
504,340
Cash paid for acquisitions, net of cash
acquired
(61,553
)
—
Net cash (used in) provided by investing
activities
(85,898
)
27,561
CASH FLOW FROM FINANCING ACTIVITIES:
Repurchase of early exercised stock
options
(21
)
—
Proceeds from exercise of stock
options
22,888
17,366
Proceeds from issuance of common stock
under the employee stock purchase plan
8,800
6,416
Net cash provided by financing
activities
31,667
23,782
NET CHANGE IN CASH, CASH EQUIVALENTS, AND
RESTRICTED CASH
(17,102
)
(10,849
)
CASH, CASH EQUIVALENTS, AND RESTRICTED
CASH–Beginning of period
322,086
202,406
CASH, CASH EQUIVALENTS, AND RESTRICTED
CASH–End of period
$
304,984
$
191,557
SENTINELONE, INC.
RECONCILIATION OF GAAP TO
NON-GAAP FINANCIAL INFORMATION
(in thousands, except
percentages and per share data)
(unaudited)
Three Months Ended October
31,
Nine Months Ended October
31,
2024
2023
2024
2023
Cost of revenue reconciliation:
GAAP cost of revenue
$
53,260
$
43,765
$
154,096
$
131,015
Stock-based compensation expense
(5,810
)
(4,329
)
(16,243
)
(12,570
)
Employer payroll tax on employee stock
transactions
(158
)
(114
)
(497
)
(240
)
Amortization of acquired intangible
assets
(4,195
)
(5,139
)
(13,861
)
(15,250
)
Acquisition-related compensation
(38
)
(128
)
(350
)
(379
)
Inventory write-offs due to
restructuring
—
—
—
(720
)
Non-GAAP cost of revenue
$
43,059
$
34,055
$
123,145
$
101,856
Gross profit reconciliation:
GAAP gross profit
$
157,388
$
120,400
$
441,844
$
315,964
Stock-based compensation expense
5,810
4,329
16,243
12,570
Employer payroll tax on employee stock
transactions
158
114
497
240
Amortization of acquired intangible
assets
4,195
5,139
13,861
15,250
Acquisition-related compensation
38
128
350
379
Inventory write-offs due to
restructuring
—
—
—
720
Non-GAAP gross profit
$
167,589
$
130,110
$
472,795
$
345,123
Gross margin reconciliation:
GAAP gross margin
75
%
73
%
74
%
71
%
Stock-based compensation expense
3
%
3
%
3
%
3
%
Employer payroll tax on employee stock
transactions
—
%
—
%
—
%
—
%
Amortization of acquired intangible
assets
2
%
3
%
2
%
3
%
Acquisition-related compensation
—
%
—
%
—
%
—
%
Inventory write-offs due to
restructuring
—
%
—
%
—
%
—
%
Non-GAAP gross margin*
80
%
79
%
79
%
77
%
Research and development expense
reconciliation:
GAAP research and development expense
$
70,453
$
52,306
$
192,376
$
161,730
Stock-based compensation expense
(22,816
)
(15,634
)
(61,092
)
(45,876
)
Employer payroll tax on employee stock
transactions
(164
)
(116
)
(775
)
(467
)
Acquisition-related compensation
(790
)
(297
)
(2,366
)
(920
)
Non-GAAP research and development
expense
$
46,683
$
36,259
$
128,143
$
114,467
Sales and marketing expense
reconciliation:
GAAP sales and marketing expense
$
123,713
$
98,249
$
359,160
$
295,682
Stock-based compensation expense
(18,612
)
(14,085
)
(55,568
)
(40,362
)
Employer payroll tax on employee stock
transactions
(290
)
(177
)
(1,583
)
(751
)
Amortization of acquired intangible
assets
(2,253
)
(1,955
)
(6,710
)
(5,816
)
Acquisition-related compensation
(27
)
(125
)
(100
)
(538
)
Non-GAAP sales and marketing expense
$
102,531
$
81,907
$
295,199
$
248,215
General and administrative expense
reconciliation:
GAAP general and administrative
expense
$
52,342
$
51,239
$
139,409
$
151,425
Stock-based compensation expense
(22,950
)
(20,865
)
(60,515
)
(65,560
)
Employer payroll tax on employee stock
transactions
(335
)
(242
)
(1,318
)
(668
)
Amortization of acquired intangible
assets
—
—
—
(2
)
Acquisition-related compensation
(1
)
(2
)
(1
)
(383
)
Non-GAAP general and administrative
expense
$
29,056
$
30,130
$
77,575
$
84,812
Restructuring expense
reconciliation:
GAAP restructuring expense
$
—
$
74
$
—
$
4,329
Other restructuring charges
—
(74
)
—
(5,389
)
Stock-based compensation expense
—
—
—
1,060
Non-GAAP restructuring expense
$
—
$
—
$
—
$
—
Operating loss reconciliation:
GAAP operating loss
$
(89,120
)
$
(81,468
)
$
(249,101
)
$
(297,202
)
Stock-based compensation expense
70,188
54,913
193,418
163,308
Employer payroll tax on employee stock
transactions
947
649
4,173
2,126
Amortization of acquired intangible
assets
6,448
7,094
20,571
21,068
Acquisition-related compensation
856
552
2,817
2,220
Inventory write-offs due to
restructuring
—
—
—
720
Other restructuring charges
—
74
—
5,389
Non-GAAP operating loss
$
(10,681
)
$
(18,186
)
$
(28,122
)
$
(102,371
)
Operating margin
reconciliation:
GAAP operating margin
(42
)%
(50
)%
(42
)%
(66
)%
Stock-based compensation expense
33
%
33
%
32
%
37
%
Employer payroll tax on employee stock
transactions
—
%
—
%
1
%
—
%
Amortization of acquired intangible
assets
3
%
4
%
3
%
5
%
Acquisition-related compensation
—
%
—
%
—
%
—
%
Inventory write-offs due to
restructuring
—
%
—
%
—
%
—
%
Other restructuring charges
—
%
—
%
—
%
1
%
Non-GAAP operating margin*
(5
)%
(11
)%
(5
)%
(23
)%
Net loss reconciliation:
GAAP net loss
$
(78,364
)
$
(70,304
)
$
(217,653
)
$
(266,711
)
Stock-based compensation expense
70,188
54,913
193,418
163,308
Employer payroll tax on employee stock
transactions
947
649
4,173
2,126
Amortization of acquired intangible
assets
6,448
7,094
20,571
21,068
Acquisition-related compensation
856
552
2,817
2,220
Inventory write-offs due to
restructuring
—
—
—
720
Other restructuring charges
—
74
—
5,389
Net gain on strategic investments
—
(703
)
(345
)
(2,703
)
Non-GAAP net income (loss)
$
75
$
(7,725
)
$
2,981
$
(74,583
)
GAAP basic and diluted shares
316,987,303
296,650,848
312,583,956
292,755,742
Dilutive shares under the treasury stock
method
18,066,319
—
19,385,520
—
Non-GAAP diluted shares
335,053,622
296,650,848
331,969,476
292,755,742
Diluted EPS reconciliation:
GAAP net loss per share, basic and
diluted
$
(0.25
)
$
(0.24
)
$
(0.70
)
$
(0.91
)
Stock-based compensation expense
0.21
0.19
0.58
0.56
Employer payroll tax on employee stock
transactions
—
—
0.01
0.01
Amortization of acquired intangible
assets
0.02
0.02
0.06
0.07
Acquisition-related compensation
—
—
0.01
0.01
Inventory write-offs due to
restructuring
—
—
—
—
Other restructuring charges
—
—
—
0.02
Net gain on strategic investments
—
—
—
(0.01
)
Adjustment to fully diluted earnings per
share (1)
0.02
—
0.05
—
Non-GAAP net income (loss) per share,
diluted
$
—
$
(0.03
)
$
0.01
$
(0.25
)
*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 (used in)
provided by operating activities to free cash flow
Three Months Ended October
31,
Nine Months Ended October
31,
2024
2023
2024
2023
GAAP net cash (used in) provided by
operating activities
$
(7,174
)
$
(22,230
)
$
37,129
$
(62,192
)
Less: Purchases of property and
equipment
(227
)
(623
)
(1,666
)
(1,117
)
Less: Capitalized internal-use
software
(5,251
)
(3,522
)
(19,795
)
(9,687
)
Free cash flow
$
(12,652
)
$
(26,375
)
$
15,668
$
(72,996
)
Net cash provided by (used in) investing
activities
$
29,723
$
12,853
$
(85,898
)
$
27,561
Net cash provided by financing
activities
$
10,075
$
3,521
$
31,667
$
23,782
Operating cash flow margin
(3
)%
(14
)%
6
%
(14
)%
Free cash flow margin
(6
)%
(16
)%
3
%
(16
)%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241204135788/en/
Investor Relations: Doug Clark investors@sentinelone.com
Press: Karen Master karen.master@sentinelone.com +1 (440)
862-0676
SentinelOne (NYSE:S)
過去 株価チャート
から 2 2025 まで 3 2025
SentinelOne (NYSE:S)
過去 株価チャート
から 3 2024 まで 3 2025
