Revenue Growth - Revenue for the three months ended October 31, 2024 was $210.6 million, representing a 28% year-over-year growth compared to $164.2 million in the same period in 2023[143] - Revenue for the nine months ended October 31, 2024 was $595.9 million, representing a 33% year-over-year growth compared to $447.0 million in the same period in 2023[143] - Revenue for the three months ended October 31, 2024, increased by $46.5 million (28%) compared to the same period in 2023, primarily due to sales to new customers and additional endpoints and modules to existing customers[181] - Revenue increased by $149.0 million (33%) for the nine months ended October 31, 2024, driven by sales to new customers and additional endpoints/modules to existing customers[193] Annualized Recurring Revenue (ARR) and Customer Growth - Annualized Recurring Revenue (ARR) grew 29% year-over-year to $859.7 million as of October 31, 2024, up from $663.9 million in 2023[156] - The number of customers with ARR of $100,000 or more grew 24% year-over-year to 1,310 as of October 31, 2024, up from 1,060 in 2023[158] - Dollar-Based Net Retention Rate (NRR) remained in expansionary territory as of October 31, 2024, driven by existing customers adopting additional endpoint licenses and adjacent platform solutions[159] Net Loss and Non-GAAP Operating Loss - Net loss for the three months ended October 31, 2024 was $78.4 million, compared to $70.3 million in the same period in 2023[143] - Net loss for the nine months ended October 31, 2024 was $217.7 million, compared to $266.7 million in the same period in 2023[143] - Non-GAAP operating loss for the three months ended October 31, 2024 was $10.7 million, compared to $18.2 million in the same period in 2023[154] - Non-GAAP operating loss for the nine months ended October 31, 2024 was $28.1 million, compared to $102.4 million in the same period in 2023[154] Gross Margin and Cost of Revenue - Gross margin increased to 75% for the three months ended October 31, 2024, up from 73% in the same period in 2023, driven by revenue growth outpacing cost of revenue growth[182] - Cost of revenue increased by $9.5 million (22%) for the three months ended October 31, 2024, primarily due to a $4.6 million increase in customer support costs, a $3.7 million increase in cloud hosting usage charges, and a $1.4 million increase in amortization of capitalized internal-use software[182] - Gross profit increased by $125.9 million (40%) with gross margin improving from 71% to 74%, driven by revenue growth outpacing cost of revenue growth[195][197] Research and Development Expenses - Research and development expenses increased by $18.1 million (35%) for the three months ended October 31, 2024, primarily due to a $13.5 million increase in personnel-related expenses, including $7.2 million in stock-based compensation, and a $1.3 million increase in cloud hosting expenses[184] - Research and development expenses increased by $30.6 million (19%) due to higher personnel-related costs, including $15.2 million in stock-based compensation, and increased cloud hosting expenses[198] - The company expects research and development expenses to increase in absolute dollars but decrease as a percentage of total revenue over time, although fluctuations may occur due to timing of expenses[168] Sales and Marketing Expenses - Sales and marketing expenses increased by $25.5 million (26%) for the three months ended October 31, 2024, primarily due to a $14.9 million increase in personnel-related expenses, including $4.5 million in stock-based compensation, and an $8.4 million increase in marketing-related expenses[184] - Sales and marketing expenses increased by $63.5 million (21%) due to higher personnel-related costs, including $15.2 million in stock-based compensation, and increased marketing and sales-related expenses[199] - The company expects sales and marketing expenses to increase in absolute dollars but decrease as a percentage of revenue over time as it continues to invest in market penetration and global customer base expansion[171] General and Administrative Expenses - General and administrative expenses increased by $1.1 million (2%) due to higher personnel-related expenses, including a $2.1 million increase in stock-based compensation, partially offset by a $2.2 million decrease in litigation expenses[185] - The company expects general and administrative expenses to increase in absolute dollars but decrease as a percentage of revenue over time as it continues to grow its business and incur additional public company operating costs[173] Cash Flow and Liquidity - Cash provided by operating activities was $37.1 million for the nine months ended October 31, 2024, compared to a $62.2 million cash used in the prior year period[210] - The company's principal source of liquidity was $1.1 billion in cash, cash equivalents, and investments as of October 31, 2024, expected to support operations for at least the next 12 months[207] - Operating cash flow for the nine months ended October 31, 2023 was a net use of $62.2 million, driven by a net loss of $266.7 million and $6.7 million used by changes in operating assets and liabilities, partially offset by $211.2 million in non-cash adjustments[215] - As of October 31, 2024, the company held $1.1 billion in cash, cash equivalents, and investments, with $69.2 million in restricted cash primarily for acquisition-related liabilities[226] Investing Activities - Investing activities used $85.9 million in cash for the nine months ended October 31, 2024, including $597.6 million in investment purchases, $61.6 million for acquisitions of PingSafe and Stride, and $19.8 million in capitalized software costs, partially offset by $594.9 million in investment sales and maturities[216] - Investing activities provided $27.6 million in cash for the nine months ended October 31, 2023, primarily from $504.3 million in investment sales and maturities, partially offset by $462.5 million in investment purchases[217] Financing Activities - Financing activities provided $31.7 million in cash for the nine months ended October 31, 2024, primarily from $22.9 million in employee stock option exercises and $8.8 million from ESPP stock issuance[218] - Financing activities provided $23.8 million in cash for the nine months ended October 31, 2023, consisting of $17.4 million from employee stock option exercises and $6.4 million from ESPP stock issuance[219] International Operations and Currency Risk - Revenue outside of the U.S. represented 37% for the three months ended October 31, 2024 and 2023[142] - The company had approximately 11% of its personnel in Israel as of October 31, 2024, and is monitoring the impact of the Middle East conflict on its business[147] - The company's revenue is not subject to foreign currency risk as sales contracts are primarily denominated in U.S. dollars, though operating expenses outside the U.S. are subject to exchange rate fluctuations[227] - A hypothetical 10% adverse change in the U.S. dollar against other currencies would not have had a material impact on operating results for the nine months ended October 31, 2024 and 2023[227] Other Financial Metrics - Restructuring charges decreased by $0.1 million (100%) due to severance and employee benefit charges related to the June 2023 Plan[186] - Interest income increased by $0.8 million (7%) driven by higher income from marketable securities, while other income (expense), net decreased by $0.98 million (162%) due to lower net gains on strategic investments and foreign currency fluctuations[188][190] - Provision for income taxes increased by $0.2 million (16%) primarily due to higher foreign taxes from international subsidiaries[191] - Changes in operating assets and liabilities included a $60.1 million increase in deferred contract acquisition costs and a $17.2 million decrease in deferred revenue[214] - A 100 basis point change in interest rates would result in an $8.0 million change in the fair market value of the investment portfolio as of October 31, 2024[226] Subscription Contracts - The company's subscription contracts typically have a term of one to three years, and customers are invoiced upfront, periodically, or in arrears upon signing[163]

Exhibit 99.1 SentinelOne Announces Third Quarter Fiscal Year 2025 Financial Results Revenue increased 28% year-over-year ARR up 29% year-over-year MOUNTAIN VIEW, Calif. – December 4, 2024 – 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 reaccelerated new business growth," said Tomer Weingarten, CEO of SentinelOne. ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about SentinelOne (S) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.SentinelOne currently has an aver ...

If you'd like to learn more about how to best position yourself in under valued stocks mispriced by the market to start December, consider joining Out Fox The Street .Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and d ...

SentinelOne (S) is set to release third-quarter fiscal 2025 results on Dec. 4, 2024.The company expects total revenues of $209.5 million, up 28% year over year, for the quarter to be reported. The Zacks Consensus Estimate for revenues is pegged at $209.56 million, suggesting growth of 27.65% from the figure reported in the year-ago quarter.The consensus mark for earnings remained at 1 cent per share in the past 30 days, indicating an improvement from a loss of 3 cents in the year-ago quarter.Stay up-to-date ...

SentinelOne (S) closed the most recent trading day at $27.93, moving +0.18% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.57%. Meanwhile, the Dow gained 0.28%, and the Nasdaq, a tech-heavy index, added 0.63%.Prior to today's trading, shares of the cybersecurity provider had gained 6.86% over the past month. This has outpaced the Computer and Technology sector's gain of 0.92% and the S&P 500's gain of 3.15% in that time.Analysts and investors alike will be keeping a close ...

SentinelOne’s (S) shares have surged 54.8% in the past year, outperforming the Zacks IT Services industry’s increase of 20.9% and the broader Zacks Computer & Technology sector’s 32.9% growth.The outperformance can be attributed to the continued adoption of its AI-powered security solutions, expansion into new markets, particularly in the cloud and data security sectors, and strong customer retention and growth.In the second quarter of fiscal 2025, revenues jumped 33% year over year to $199 million, driven ...

SentinelOne (S) ended the recent trading session at $27.57, demonstrating a -1.22% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 0.09%.Shares of the cybersecurity provider have appreciated by 7.97% over the course of the past month, outperforming the Computer and Technology sector's gain of 7.11% and the S&P 500's gain of 4.9%.Market participants will be ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year. With a focus on tech and "the Great Energy Transition (including uranium)", Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outst ...

In the latest market close, SentinelOne (S) reached $26.26, with a +1.12% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.61%, while the techheavy Nasdaq added 0.56%. The the stock of cybersecurity provider has risen by 8.39% in the past month, leading the Computer and Technology sector's gain of 1.65% and the S&P 500's gain of 1.39%. The investment community will be paying close attention to the earnings performance of SentinelOne in it ...