On March 13, 2024, SentinelOne, Inc., a leader in autonomous cybersecurity, announced its financial results for the fourth quarter and fiscal year ended January 31, 2024. The company reported a 38% year-over-year increase in revenue for the quarter, reaching $174.2 million, and a 47% increase for the fiscal year, totaling $621.2 million. Annualized recurring revenue (ARR) also saw a significant rise of 39% year-over-year, amounting to $724.4 million. SentinelOne's gross margin improved, with GAAP gross margin at 72% and non-GAAP gross margin at 78%. Operating margins showed substantial improvement, with GAAP operating margin at (47)% and non-GAAP operating margin at (9)%. The company highlighted its tenth consecutive quarter of over 25 percentage points of year-over-year operating margin improvement. SentinelOne's CEO, Tomer Weingarten, attributed the strong...Show More

On March 13, 2024, SentinelOne, Inc., a leader in autonomous cybersecurity, announced its financial results for the fourth quarter and fiscal year ended January 31, 2024. The company reported a 38% year-over-year increase in revenue for the quarter, reaching $174.2 million, and a 47% increase for the fiscal year, totaling $621.2 million. Annualized recurring revenue (ARR) also saw a significant rise of 39% year-over-year, amounting to $724.4 million. SentinelOne's gross margin improved, with GAAP gross margin at 72% and non-GAAP gross margin at 78%. Operating margins showed substantial improvement, with GAAP operating margin at (47)% and non-GAAP operating margin at (9)%. The company highlighted its tenth consecutive quarter of over 25 percentage points of year-over-year operating margin improvement. SentinelOne's CEO, Tomer Weingarten, attributed the strong performance to industry-leading revenue growth and operating margin improvement. CFO Dave Bernhardt expressed confidence in maintaining industry-leading growth while aiming for profitability by the end of the year. The company also announced a webcast to discuss the financial results and provided guidance for the first quarter of fiscal year 2025, projecting revenue of $181 million and full fiscal year 2025 revenue between $812-818 million. Non-GAAP gross margin is expected to be 77.5-78.5%, and non-GAAP operating margin is forecasted to be between (6)-(2)%. SentinelOne's balance sheet remains strong with $1.1 billion in cash, cash equivalents, and investments.