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SentinelOne(S) - 2025 Q4 - Annual Results
SSentinelOne(S)2025-03-12 20:06

Revenue Growth - Total revenue for fiscal year 2025 increased 32% to 821.5million,comparedto821.5 million, compared to 621.2 million in fiscal year 2024[4] - Annualized recurring revenue (ARR) increased 27% to 920.1millionasofJanuary31,2025[5]−CustomerswithARRof920.1 million as of January 31, 2025[5] - Customers with ARR of 100,000 or more grew 25% to 1,411 as of January 31, 2025[5] - Total revenue for the three months ended January 31, 2025, was 225,521thousand,representinga29.4225,521 thousand, representing a 29.4% increase from 174,175 thousand in the same period of 2024[37] - The company aims to surpass 1billioninARRandrevenueintheupcomingfiscalyear[3]ProfitabilityMetrics−GAAPgrossmarginimprovedto751 billion in ARR and revenue in the upcoming fiscal year[3] Profitability Metrics - GAAP gross margin improved to 75%, up from 72% in the previous year[5] - Non-GAAP operating margin reached 1% in Q4 FY2025, compared to (9)% in the same quarter last year[5] - Non-GAAP gross margin guidance for FY2026 is projected to be between 78.5% and 79.5%[7] - The first quarter of FY2026 marks the first quarter of positive non-GAAP operating margin for the company[3] - Non-GAAP gross profit for the twelve months ended January 31, 2025, was 651,581 thousand, a 35.4% increase from 481,057thousandin2024[40]−Thecompanyreportedagrossmarginof74481,057 thousand in 2024[40] - The company reported a gross margin of 74% for the twelve months ended January 31, 2025, compared to 71% in 2024[40] Expenses and Losses - Research and development expenses for the twelve months ended January 31, 2025, totaled 267,002 thousand, an increase of 22.4% compared to 218,176thousandin2024[37]−NetlossforthetwelvemonthsendedJanuary31,2025,was218,176 thousand in 2024[37] - Net loss for the twelve months ended January 31, 2025, was 288,441 thousand, a decrease in loss of 15% from 338,693thousandin2024[39]−GAAPsalesandmarketingexpenseforthelatestquarterwas338,693 thousand in 2024[39] - GAAP sales and marketing expense for the latest quarter was 128,065,000, up from 101,478,000inthepreviousyear,reflectinga26101,478,000 in the previous year, reflecting a 26% increase[41] - GAAP net loss for the latest quarter was 70,788,000, slightly improved from a loss of 71,982,000inthepreviousyear[42]−Thecompanyincurredtotalstock−basedcompensationexpenseof71,982,000 in the previous year[42] - The company incurred total stock-based compensation expense of 267,531 thousand for the twelve months ended January 31, 2025, compared to 216,870thousandin2024[40]CashandInvestments−Cash,cashequivalents,andinvestmentstotaled216,870 thousand in 2024[40] Cash and Investments - Cash, cash equivalents, and investments totaled 1.1 billion as of January 31, 2025[5] - Cash and cash equivalents at the end of the period were 193,302thousand,downfrom193,302 thousand, down from 322,086 thousand at the beginning of the period[39] - Free cash flow for the latest quarter was (8,921,000),animprovementfrom(8,921,000), an improvement from (10,638,000) in the previous year[46] - The company had a GAAP net cash provided by operating activities of (3,401,000)forthelatestquarter,comparedto(3,401,000) for the latest quarter, compared to (6,182,000) in the previous year[46] - Total cash used in investing activities for the latest quarter was (132,499,000),comparedtocashprovidedof(132,499,000), compared to cash provided of 113,029,000 in the previous year[46] Assets and Equity - Total assets as of January 31, 2025, were 2,406,625thousand,anincreaseof3.72,406,625 thousand, an increase of 3.7% from 2,321,407 thousand in 2024[35] - Total stockholders' equity as of January 31, 2025, was 1,669,247thousand,up4.71,669,247 thousand, up 4.7% from 1,594,043 thousand in 2024[35] Share Information - The number of GAAP basic and diluted shares was 321,446,833 for the latest quarter, reflecting an increase in share count[42]