SentinelOne Inc.
SFinancial 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.