SentinelOne Inc.
SBusiness Overview
ticker: S step: 01 generated: 2026-05-13 source: quick-research
SentinelOne, Inc. (S) — Business Overview
Business Description
SentinelOne is an AI-native cybersecurity platform that delivers endpoint detection and response (EDR/XDR), cloud security (CNAPP), identity security, and security data management (SIEM) through a single unified agent architecture — Singularity. Unlike legacy antivirus (signature-based) and even first-generation EDR (human analyst-dependent), SentinelOne's behavioral AI engine detects and responds to threats autonomously in milliseconds without requiring human intervention. FY2026 (ended Jan 2026) revenue exceeded $1B (+22% YoY), marking the first full year of non-GAAP profitability and $1B+ ARR.
Revenue Model
Subscription-based: customers purchase the Singularity Platform base (endpoint) and expand to additional modules (cloud, identity, SIEM, managed services). Multi-module adoption drives NRR expansion. ~30% of revenue through channel partners (MSSPs, resellers). ARR grew from $548.7M (Jan 2023) to $1B+ (Jan 2026) — tripling in 3 years. Large enterprise customers ($100K+ ARR) represent the core: 1,310+ such customers growing 24% YoY. International revenue is a key expansion vector (+34% YoY in recent quarters).
Products & Services
- Singularity Endpoint — EDR/XDR: AI-powered malware prevention, behavioral detection, automated response with 1-click rollback
- Singularity Cloud (PingSafe) — CNAPP/CWPP: cloud workload protection, Kubernetes security, cloud infrastructure entitlement management
- Singularity Identity — Active Directory protection, identity threat detection and response
- Singularity Data Lake — SIEM + security data platform; ingests logs from any source for unified threat hunting
- Purple AI — conversational AI security analyst; allows security analysts to query threat data in natural language
- Wayfinder Frontier AI Services — next-generation AI security platform (launched 2025)
- Prompt Security (acquisition) — GenAI governance and runtime protection for AI applications
Customer Base & Go-to-Market
10,000+ customers (estimated); 1,310+ with $100K+ ARR; ~30% of Fortune 500. Notable: Amazon, JPMorgan, Tesla. Direct sales (enterprise) + channel partners (MSSPs, VARs, cloud marketplaces). Government authorizations expanding internationally. Purple AI is a key upsell driver — security teams pay more for AI-assisted investigation capabilities.
Competitive Position
SentinelOne competes directly with CrowdStrike (dominant market share, Falcon platform), Microsoft Defender (bundled with enterprise licenses), and Palo Alto Networks (Cortex XDR). CrowdStrike's high-profile BSOD outage in July 2024 created the largest displacement opportunity in cybersecurity history — SentinelOne was a primary beneficiary, gaining enterprise accounts. Differentiation: autonomous AI response (no human in the loop), cloud-native single-agent architecture, competitive pricing vs. CrowdStrike, and Singularity Data Lake as a cheaper alternative to Splunk/SIEM.
Key Facts
- Founded: 2013
- Headquarters: Mountain View, California
- Employees: ~3,000
- Exchange: NYSE
- Sector / Industry: Technology / Cybersecurity — AI-Native EDR/XDR
- Market Cap: ~$4–5B (at ~$16–20/share; trades at ~4x sales)
Financial Snapshot
ticker: S step: 04 generated: 2026-05-13 source: quick-research
SentinelOne, Inc. (S) — Financial Snapshot
Note: SentinelOne's fiscal year ends January 31.
Income Statement Summary
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $422M | $621M | $822M | +32% |
| Non-GAAP Gross Margin | ~72% | ~76% | ~78% | improving |
| GAAP Operating Margin | ~-65% | ~-45% | ~-30% | improving |
| Non-GAAP Operating Margin | ~-20% | ~-8% | ~-2% | approaching breakeven |
| GAAP Net Income | ~-$0.28B | ~-$0.28B | ~-$0.25B | slow improvement |
FY2026 (ended Jan 2026): Revenue $1B+ (+22% YoY); ARR $1B+; non-GAAP operating margin 3.5% — first full year of non-GAAP profitability; expanding 600 bps annually. Q2 FY2026: revenue $242M (+22% YoY), non-GAAP operating margin 2%, non-GAAP gross margin 79%. FCF positive on TTM basis for first time. International revenue +34% YoY.
Cash Flow & Balance Sheet (FY2025)
| Metric | Value |
|---|---|
| Operating Cash Flow | ~$50–80M |
| Free Cash Flow | ~$20–50M (first TTM-positive milestone) |
| Capital Expenditures | ~$25M |
| Cash & Equivalents | ~$1.5B |
| Total Debt | ~$0 (effectively debt-free) |
Debt-free with $1.5B+ cash — exceptional financial position for a growth company. FCF turned positive on TTM basis in FY2025/FY2026 — a key milestone. GAAP losses persist from SBC (~35% of revenue), but declining rapidly as SBC grows slower than revenue. Non-GAAP profitability achieved FY2026 with 600bps annual margin expansion trajectory.
Key Ratios (approximate)
- P/E: N/A (GAAP losses) | EV/Sales: ~4x | FCF Yield: ~1%
- Revenue Growth (TTM): ~22% | Non-GAAP Operating Margin: ~3.5%
Growth Profile
SentinelOne grew from $422M (FY2023) to $1B+ (FY2026) — 2.4x in 3 years — but growth decelerated from 106% (FY2023) to 22% (FY2026) as the business matures. The CrowdStrike BSOD outage (July 2024) provided a major displacement catalyst. ARR $1B+ achieved; non-GAAP profitability achieved; FCF positive — three milestone simultaneously. Trades at ~4x EV/Sales vs. CrowdStrike's ~22x, representing the most significant valuation discount in cybersecurity.
Forward Estimates
- FY2027: Revenue ~$1.2–1.3B (+20–25% YoY); non-GAAP operating margin 8–10%
- ARR: tracking from $1B toward $1.3B as Purple AI upsell and cloud security expansion continue
- International: +34% growth; government authorizations expanding market
- FCF margin: targeting 8–12% as non-GAAP margins expand beyond 10%
- Analyst consensus PT: ~$24.83 (+34–50% from ~$16–18)
Deeper Financial Analysis
The fundamental tier adds 9 additional research dimensions for $S.