SentinelOne Announces First Quarter Fiscal Year 2026 Financial Results

Revenue increased 23% year-over-year

ARR up 24% year-over-year

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- SentinelOne, Inc. (NYSE: S) today announced financial results for the first quarter of fiscal year 2026 ended April 30, 2025.

“Our top-tier growth and margin improvement reflect continued platform momentum and customer success," said Tomer Weingarten, CEO of SentinelOne. "Our innovation engine is fueling adoption across AI, Data, Cloud, and Endpoint. With Singularity, we’re leading a transformational shift toward AI-powered security for the future.”

“We delivered strong revenue growth and achieved record free cash flow margin, demonstrating the scalability of our model and ongoing operational discipline,” said Barbara Larson, CFO of SentinelOne. “Our continued focus on driving efficiency while investing in innovation positions us well to deliver sustainable, profitable growth moving forward. Given this opportunity, we’re pleased to announce our first-ever share repurchase authorization.”

First Quarter Fiscal Year 2026 Highlights

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

• Total revenue increased 23% to $229.0 million, compared to $186.4 million.

• Annualized recurring revenue (ARR) increased 24% to $948.1 million as of April 30, 2025.

• Customers with ARR of $100,000 or more grew 22% to 1,459 as of April 30, 2025.

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

• Operating margin: GAAP operating margin was (38)%, compared to (43)%. Non-GAAP operating margin was (2)%, compared to (6)%.

• Net income (loss) margin: GAAP net loss margin was (91)%, compared to (38)%. Non-GAAP net income (loss) margin was 3%, compared to 0%.

• Cash flow margin: Operating cash flow margin was 23%, compared to 23%. Free cash flow margin was 20%, 2 percentage points higher compared to 18%. Trailing-twelve month operating cash flow margin was 5%, compared to 0%. Trailing-twelve month free cash flow margin was 2%, compared to (3)%.

• Cash, cash equivalents, and investments were $1.2 billion as of April 30, 2025.

In addition, the board of directors has authorized a $200.0 million share repurchase program. This authorization reflects the Company’s confidence in its long-term growth and commitment to enhancing shareholder value. Repurchases may be made from time to time in the open market or through other methods, subject to market conditions and regulatory requirements.

Financial Outlook

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

	Q2FY26 Guidance		Full FY2026 Guidance
Revenue	$242 million		$996 - 1,001 million
Non-GAAP gross margin	79%		78.5 - 79.5%
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 of acquired intangible assets, acquisition-related compensation costs, restructuring charges, gains and losses on strategic investments, and income tax provision. 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 first quarter of fiscal year 2026 and outlook for second quarter of fiscal year 2026 and full fiscal year 2026 today, May 28, 2025, 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 second quarter of fiscal year 2026 and our full fiscal year 2026, including non-GAAP gross margin and non-GAAP operating margin; share repurchase program; 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, 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 26, 2025, 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 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).

Income tax provision

The tax charge related to a framework for a final settlement and resolution discussed during the three months ended April 30, 2025 with the Israel Tax Authorities (ITA) as a part of the ongoing bilateral Advance Pricing Agreement negotiations with the U.S. Internal Revenue Service and ITA of $136.0 million (included in the balance sheet within other liabilities) and the $4.7 million tax benefit, related to valuation allowance release for the recording of Israeli deferred tax assets, have been excluded from our non-GAAP results because these represent discrete, non-recurring items that are not indicative of our core operating performance. These exclusions provide investors with a clearer view of our underlying financial results and facilitates meaningful comparisons across reporting periods. No finalized resolutions or agreement has been reached at this time.

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 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)
	April 30,				January 31,
		2025				2025
Assets
Current assets:
Cash and cash equivalents	$	188,624			$	186,574
Short-term investments		578,294				535,331
Accounts receivable, net		155,010				236,012
Deferred contract acquisition costs, current		64,408				64,782
Prepaid expenses and other current assets		44,262				47,023
Total current assets		1,030,598				1,069,722
Property and equipment, net		75,989				71,774
Long-term investments		439,772				419,367
Deferred contract acquisition costs, non-current		81,824				85,322
Intangible assets, net		100,794				107,155
Goodwill		629,636				629,636
Other assets		25,338				23,649
Total assets	$	2,383,951			$	2,406,625
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	21,572			$	8,159
Accrued payroll and benefits		63,203				79,612
Deferred revenue, current		453,563				470,127
Other current liabilities		50,590				55,655
Total current liabilities		588,928				613,553
Deferred revenue, non-current		91,793				102,017
Other liabilities		156,688				21,808
Total liabilities		837,409				737,378
Stockholders’ equity:
Preferred stock		—				—
Class A common stock		32				31
Class B common stock		1				1
Additional paid-in capital		3,378,134				3,294,542
Accumulated other comprehensive income		4,053				2,158
Accumulated deficit		(1,835,678	)			(1,627,485	)
Total stockholders’ equity		1,546,542				1,669,247
Total liabilities and stockholders’ equity	$	2,383,951			$	2,406,625

SENTINELONE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share data) (unaudited)
	Three Months Ended April 30,
		2025				2024
Revenue	$	229,029			$	186,355
Cost of revenue(1)		56,532				50,137
Gross profit		172,497				136,218
Operating expenses:
Research and development(1)		72,253				58,321
Sales and marketing(1)		133,881				115,830
General and administrative(1)		48,679				42,667
Restructuring(1)		5,167				—
Total operating expenses		259,980				216,818
Loss from operations		(87,483	)			(80,600	)
Interest income, net		12,290				12,046
Other income (expense), net		492				(39	)
Loss before income taxes		(74,701	)			(68,593	)
Provision for income taxes		133,492				1,512
Net loss	$	(208,193	)		$	(70,105	)
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(0.63	)		$	(0.23	)
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted		327,976,349				309,547,693
(1) Includes stock-based compensation expense as follows:
Cost of revenue	$	4,665			$	4,869
Research and development		20,941				17,465
Sales and marketing		22,915				18,074
General and administrative		20,170				18,145
Restructuring		(36	)			—
Total stock-based compensation expense	$	68,655			$	58,553

SENTINELONE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited)
	Three Months Ended April 30,
		2025				2024
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$	(208,193	)		$	(70,105	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization		10,848				10,691
Amortization of deferred contract acquisition costs		18,610				15,284
Non-cash operating lease costs		1,096				957
Stock-based compensation expense		68,655				58,553
Accretion of discounts, and amortization of premiums on investments, net		(2,780	)			(3,628	)
Asset impairment charges		2,171				—
Other		549				1,551
Changes in operating assets and liabilities, net of effects of acquisitions
Accounts receivable		80,580				80,911
Prepaid expenses and other assets		(4,215	)			3,904
Deferred contract acquisition costs		(14,738	)			(15,207	)
Accounts payable		13,402				2,368
Accrued liabilities and other liabilities		130,676				(790	)
Accrued payroll and benefits		(16,408	)			(18,897	)
Operating lease liabilities		(1,191	)			(1,481	)
Deferred revenue		(26,788	)			(22,108	)
Net cash provided by operating activities		52,274				42,003
CASH FLOW FROM INVESTING ACTIVITIES:
Purchases of property and equipment		(146	)			(886	)
Purchases of intangible assets		(21	)			(73	)
Capitalization of internal-use software		(6,684	)			(7,361	)
Purchases of investments		(167,258	)			(246,965	)
Sales and maturities of investments		108,517				210,574
Cash paid for acquisitions, net of cash acquired		—				(61,553	)
Net cash used in investing activities		(65,592	)			(106,264	)
CASH FLOW FROM FINANCING ACTIVITIES:
Repurchase of early exercised stock options		—				(21	)
Proceeds from exercise of stock options		12,277				6,554
Net cash provided by financing activities		12,277				6,533
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		(1,041	)			(57,728	)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–Beginning of period		193,302				322,086
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–End of period	$	192,261			$	264,358

SENTINELONE, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (in thousands, except percentages and per share data) (unaudited)
	Three Months Ended April 30,
		2025				2024
Cost of revenue reconciliation:
GAAP cost of revenue	$	56,532			$	50,137
Stock-based compensation expense		(4,665	)			(4,869	)
Employer payroll tax on employee stock transactions		(230	)			(207	)
Amortization of acquired intangible assets		(4,059	)			(5,471	)
Acquisition-related compensation		(20	)			(273	)
Non-GAAP cost of revenue	$	47,558			$	39,317
Gross profit reconciliation:
GAAP gross profit	$	172,497			$	136,218
Stock-based compensation expense		4,665				4,869
Employer payroll tax on employee stock transactions		230				207
Amortization of acquired intangible assets		4,059				5,471
Acquisition-related compensation		20				273
Non-GAAP gross profit	$	181,471			$	147,038
Gross margin reconciliation:
GAAP gross margin		75	%			73	%
Stock-based compensation expense		2	%			3	%
Employer payroll tax on employee stock transactions		—	%			—	%
Amortization of acquired intangible assets		2	%			3	%
Acquisition-related compensation		—	%			—	%
Non-GAAP gross margin*		79	%			79	%
Research and development expense reconciliation:
GAAP research and development expense	$	72,253			$	58,321
Stock-based compensation expense		(20,941	)			(17,465	)
Employer payroll tax on employee stock transactions		(531	)			(413	)
Acquisition-related compensation		(674	)			(787	)
Non-GAAP research and development expense	$	50,107			$	39,656
Sales and marketing expense reconciliation:
GAAP sales and marketing expense	$	133,881			$	115,830
Stock-based compensation expense		(22,915	)			(18,074	)
Employer payroll tax on employee stock transactions		(692	)			(923	)
Amortization of acquired intangible assets		(2,180	)			(2,204	)
Acquisition-related compensation		(17	)			(44	)
Non-GAAP sales and marketing expense	$	108,077			$	94,585
General and administrative expense reconciliation:
GAAP general and administrative expense	$	48,679			$	42,667
Stock-based compensation expense		(20,170	)			(18,145	)
Employer payroll tax on employee stock transactions		(1,295	)			(642	)
Acquisition-related compensation		—				(1	)
Non-GAAP general and administrative expense	$	27,214			$	23,879
Restructuring expense reconciliation:
GAAP restructuring expense	$	5,167			$	—
Severance and employee benefits		(3,004	)			—
Asset impairment charges		(2,171	)			—
Stock-based compensation expense		36				—
Other restructuring charges		(28	)			—
Non-GAAP restructuring expense	$	—			$	—
Operating loss reconciliation:
GAAP operating loss	$	(87,483	)		$	(80,600	)
Stock-based compensation expense		68,655				58,553
Employer payroll tax on employee stock transactions		2,748				2,188
Amortization of acquired intangible assets		6,239				7,675
Acquisition-related compensation		711				1,103
Severance and employee benefits		3,004
Asset impairment charges		2,171				—
Other restructuring charges		28				—
Non-GAAP operating loss	$	(3,927	)		$	(11,081	)
Operating margin reconciliation:
GAAP operating margin		(38	)%			(43	)%
Stock-based compensation expense		30	%			31	%
Employer payroll tax on employee stock transactions		1	%			1	%
Amortization of acquired intangible assets		3	%			4	%
Acquisition-related compensation		—	%			1	%
Severance and employee benefits		1	%			—	%
Asset impairment charges		1	%			—	%
Other restructuring charges		—	%			—	%
Non-GAAP operating margin		(2	)%			(6	)%
Net income (loss) reconciliation:
GAAP net loss	$	(208,193	)		$	(70,105	)
Stock-based compensation expense		68,655				58,553
Employer payroll tax on employee stock transactions		2,748				2,188
Amortization of acquired intangible assets		6,239				7,675
Acquisition-related compensation		711				1,103
Severance and employee benefits		3,004				—
Asset impairment charges		2,171				—
Other restructuring charges		28				—
Net loss on strategic investments		3				—
Income tax provision		131,283				—
Non-GAAP net income (loss)	$	6,649			$	(586	)
Net income (loss) margin reconciliation:
GAAP net loss margin		(91	)%			(38	)%
Stock-based compensation		30	%			31	%
Employer payroll tax on employee stock transactions		1	%			1	%
Amortization of acquired intangible assets		3	%			4	%
Acquisition-related compensation		—	%			1	%
Severance and employee benefits		1	%			—	%
Asset impairment charges		1	%			—	%
Other restructuring charges		—	%			—	%
Net loss on strategic investments		—	%			—	%
Income tax provision		57	%			—	%
Non-GAAP net income (loss) margin*		3	%			—	%
GAAP basic and diluted shares		327,976,349				309,547,693
Dilutive shares under the treasury stock method		11,350,541				—
Non-GAAP diluted shares		339,326,890				309,547,693
Diluted EPS reconciliation:
GAAP net loss per share, basic and diluted	$	(0.63	)		$	(0.23	)
Stock-based compensation expense		0.20				0.19
Employer payroll tax on employee stock transactions		0.01				0.01
Amortization of acquired intangible assets		0.02				0.02
Acquisition-related compensation		—				—
Severance and employee benefits		0.01				—
Asset impairment charges		0.01				—
Other restructuring charges		—				—
Net loss on strategic investments		—				—
Income tax provision		0.39				—
Adjustment to fully diluted earnings per share (1)		0.01				—
Non-GAAP net income per share, diluted*	$	0.02			$	—

*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 operating activities to free cash flow
	Three Months Ended April 30,
		2025				2024
GAAP net cash provided by operating activities	$	52,274			$	42,003
Less: Purchases of property and equipment		(146	)			(886	)
Less: Capitalized internal-use software		(6,684	)			(7,361	)
Free cash flow	$	45,444			$	33,756
Net cash used in investing activities	$	(65,592	)		$	(106,264	)
Net cash provided by financing activities	$	12,277			$	6,533
Operating cash flow margin		23	%			23	%
Free cash flow margin		20	%			18	%

 

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Investor Relations:

Doug Clark

investors@sentinelone.com

Press:

Karen Master

karen.master@sentinelone.com

+1 (440) 862-0676

Source: SentinelOne