SentinelOne(S) - 2025 Q4 - Annual Results

Revenue Growth - Total revenue for fiscal year 2025 increased 32% to $821.5 million, compared to $621.2 million in fiscal year 2024[4] - Annualized recurring revenue (ARR) increased 27% to $920.1 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 $225,521 thousand, representing a 29.4% increase from $174,175 thousand in the same period of 2024[37] - The company aims to surpass $1 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 $481,057 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 $218,176 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 $338,693 thousand in 2024[39] - GAAP sales and marketing expense for the latest quarter was $128,065,000, up from $101,478,000 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 $71,982,000 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 $216,870 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 $193,302 thousand, down from $322,086 thousand at the beginning of the period[39] - Free cash flow for the latest quarter was $(8,921,000), 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) 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), compared to cash provided of $113,029,000 in the previous year[46] Assets and Equity - Total assets as of January 31, 2025, were $2,406,625 thousand, an increase of 3.7% from $2,321,407 thousand in 2024[35] - Total stockholders' equity as of January 31, 2025, was $1,669,247 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]