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Jan 31, 2024

SentinelOne Q4 2024 Earnings Report

Reported a revenue increase of 38% year-over-year and ARR up 39% year-over-year.

Key Takeaways

SentinelOne announced strong Q4 fiscal year 2024 results, surpassing top and bottom line expectations with a 38% increase in total revenue and a 39% increase in ARR. The company also demonstrated significant operating margin improvement.

Total revenue increased 38% to $174.2 million compared to $126.1 million.

ARR increased 39% to $724.4 million.

Customers with ARR of $100,000 or more grew 30% to 1,133.

GAAP operating margin was (47)%, compared to (79)%, and non-GAAP operating margin was (9)%, compared to (35).

Total Revenue
$174M
Previous year: $126M
+38.1%
EPS
-$0.02
Previous year: -$0.13
-84.6%
Annualized Recurring Revenue
$725M
Previous year: $549M
+32.0%
Customers Over $100K ARR
1.13K
Previous year: 905
+24.8%
Gross Profit
$126M
Previous year: $86.3M
+45.9%
Cash and Equivalents
$257M
Previous year: $138M
+86.1%
Free Cash Flow
-$10.6M
Previous year: -$22.2M
-52.1%
Total Assets
$2.32B
Previous year: $2.26B
+2.8%

SentinelOne

SentinelOne

Forward Guidance

The company provided guidance for Q1 2025 with an expected revenue of $181 million, a non-GAAP gross margin of 77.5%, and a non-GAAP operating margin of (14)%. For the full fiscal year 2025, revenue is projected to be between $812 million and $818 million, with a non-GAAP gross margin between 77.5% and 78.5% and a non-GAAP operating margin between (6)% and (2)%.