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Oct 31, 2021

SentinelOne Q3 2022 Earnings Report

Revenue increased and ARR grew, driven by strong customer adoption of the Singularity XDR platform.

Key Takeaways

SentinelOne announced strong Q3 fiscal year 2022 results, with revenue increasing 128% year-over-year and ARR growing 131% year-over-year. The company's customer base also expanded significantly, with total customer count growing more than 75% year-over-year.

Total revenue was $56.0 million, a 128% increase compared to the same period last year.

ARR increased 131% year-over-year to $237 million.

Total customer count grew more than 75% year-over-year to over 6,000 customers.

Customers with ARR over $100K grew 140% year-over-year to 416.

Total Revenue
$56M
Previous year: $24.6M
+128.1%
EPS
-$0.15
Previous year: -$0.85
-82.4%
Annualized Recurring Revenue
$237M
0
Customers Over $100K ARR
416
0
Gross Profit
$35.7M
Previous year: $14.2M
+150.9%
Cash and Equivalents
$1.66B
Previous year: $423M
+294.0%
Free Cash Flow
-$18.8M
Previous year: -$19M
-1.1%
Total Assets
$1.98B

SentinelOne

SentinelOne

Forward Guidance

The company provided guidance for the fourth quarter of fiscal year 2022, ending January 31, 2022, and for the full fiscal year 2022, ending January 31, 2022.