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SentinelOne | 8-K: SentinelOne Announces first Quarter Fiscal Year 2025 Financial Results

SEC announcement ·  May 31 04:21
Summary by Futu AI
On May 30, 2024, SentinelOne, Inc., a cybersecurity firm based in Mountain View, California, reported its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company announced a significant 40% year-over-year increase in revenue, reaching $186.4 million, and a 35% increase in annualized recurring revenue (ARR) to $762 million. SentinelOne also achieved a milestone with its first-ever quarter of positive free cash flow. The company's CEO, Tomer Weingarten, highlighted the role of advancements in AI in redefining cybersecurity standards. CFO Dave Bernhardt noted the 11th consecutive quarter of over 25 points of operating margin expansion and substantial positive free cash flow ahead of targets. The company's gross margin improved from 68% to 73% on a GAAP basis and from 75% to...Show More
On May 30, 2024, SentinelOne, Inc., a cybersecurity firm based in Mountain View, California, reported its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company announced a significant 40% year-over-year increase in revenue, reaching $186.4 million, and a 35% increase in annualized recurring revenue (ARR) to $762 million. SentinelOne also achieved a milestone with its first-ever quarter of positive free cash flow. The company's CEO, Tomer Weingarten, highlighted the role of advancements in AI in redefining cybersecurity standards. CFO Dave Bernhardt noted the 11th consecutive quarter of over 25 points of operating margin expansion and substantial positive free cash flow ahead of targets. The company's gross margin improved from 68% to 73% on a GAAP basis and from 75% to 79% on a non-GAAP basis. Operating margin improved significantly from (86)% to (43)% on a GAAP basis and from (38)% to (6)% on a non-GAAP basis. The company also provided guidance for the second quarter and full fiscal year 2025, expecting revenue of $197 million for Q2 and between $808 to $815 million for the full year. Non-GAAP gross margin is projected at 78-79%, and non-GAAP operating margin at (6)-(2)%. SentinelOne shared this information through a press release, a letter to shareholders, and a webcast, and will continue to use various channels for public disclosures to comply with Regulation FD.

This announcement is a separate document:

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