SentinelOne(S) - 2026 Q4 - Annual Results

Revenue Growth - Total revenue for Q4 FY 2026 increased 20% to $271.2 million, compared to $225.5 million in Q4 FY 2025[4] - Fiscal Year 2026 total revenue reached $1,001.3 million, a 22% increase from $821.5 million in FY 2025[10] - Total revenue for the twelve months ended January 31, 2026, was $1,001,278, representing a 22% increase from $821,461 in the previous year[39] - Guidance for Q1 FY 2027 revenue is projected between $276 million and $278 million, and for FY 2027 between $1.195 billion and $1.205 billion[6] Annualized Recurring Revenue (ARR) - Annualized recurring revenue (ARR) rose 22% to $1,119.1 million as of January 31, 2026[4] - Customers with ARR of $100,000 or more grew 18% to 1,667 as of January 31, 2026[4] - Annualized Recurring Revenue (ARR) is a key operating metric, reflecting the annualized revenue run rate from subscription and usage-based agreements, which is crucial for evaluating business performance[33] - The number of customers with ARR of $100,000 or more indicates market penetration, with a focus on Managed Service Providers and other entities purchasing on behalf of multiple companies[34] Profitability Metrics - GAAP gross margin was 73%, down from 75% in the previous year, while non-GAAP gross margin was 78%, down from 79%[4] - GAAP operating margin improved to (29)% from (36)%, and non-GAAP operating margin increased to 6% from 1%[4] - Gross profit for the same period was $742,101, up from $610,355, indicating a strong growth in profitability[39] - Non-GAAP gross profit for the twelve months ended January 31, 2026, reached $787,327,000, up from $651,581,000 in 2025, representing a growth of 20.8%[42] Operating Expenses and Losses - Operating expenses increased to $1,063,410 for the twelve months ended January 31, 2026, compared to $939,714 in the previous year, reflecting investments in research, sales, and marketing[39] - The net loss for the twelve months ended January 31, 2026, was $450,735, compared to a net loss of $288,441 in the prior year, highlighting ongoing challenges[39] - GAAP net loss for the three months ended January 31, 2026, was $110,232,000, compared to a net loss of $70,788,000 in the same period of 2025, indicating a 55.8% increase in losses year-over-year[44] Cash Flow and Financial Position - Cash, cash equivalents, and investments totaled $769.6 million as of January 31, 2026[4] - Cash provided by operating activities was $76,616 for the twelve months ended January 31, 2026, significantly higher than $33,728 in the previous year, indicating improved cash flow management[41] - Total assets increased to $2,438,102 as of January 31, 2026, compared to $2,406,625 in the previous year, reflecting growth in the company's financial position[37] - The company reported a total stockholders' equity of $1,437,145 as of January 31, 2026, down from $1,669,247, indicating a decrease in equity value[37] Future Outlook and Strategy - The company aims to balance topline growth with operational rigor to ensure sustainable, profitable growth at scale[3] - The company plans to continue focusing on expanding its customer base and enhancing its platform offerings to drive future growth[33] Cash Flow Metrics - Non-GAAP operating income guidance for Q1 FY 2027 is expected to be between $4 million and $6 million, and for FY 2027 between $110 million and $120 million[6] - Free cash flow for the twelve months ended January 31, 2026, was $51,891 million, a significant increase from $6,747 million in 2025[48] - Operating cash flow margin improved to 8% for the twelve months ended January 31, 2026, up from 4% in the previous year[48] - Free cash flow margin for the three months ended January 31, 2026, was -1%, an improvement from -4% in the same period of 2025[48]