GEC NEWS WIRESentinelOne has announced financial results for the second quarter of fiscal year 2025 ended July 31, 2024.
“Based on strong execution and broad based demand, SentinelOne delivered exceptional results with industry- leading growth and our first ever quarter of positive net income and earnings per share,” said Tomer Weingarten, CEO of SentinelOne. “We’re seeing a distinct rise in customer interest and appreciation for the advantages of our patented AI-powered Singularity Platform to help build higher quality and more durable cyber defense. We remain committed to an open ecosystem platform, superior technology, and earning customer trust through transparency.”
“We outperformed on all key metrics, including record margins and profitability. We continue to lead the industry in terms of technology, revenue growth, and margin expansion. Q2 marked our 12th consecutive quarter with double digit operating margin improvement,” said Dave Bernhardt, CFO of SentinelOne. “We continue to invest in innovation and scale, which will extend our competitive advantages and reach over time. Based on stronger execution and business momentum, we’re raising our revenue outlook for fiscal year ‘25.”
Letter to Shareholders
We have published a letter to shareholders on the Investor Relations section of our website at investors.sentinelone.com. The letter provides further discussion of our results for the second quarter of fiscal year 2025 as well as the financial outlook for our fiscal third quarter and full fiscal year 2025.
Second Quarter Fiscal Year 2025 Highlights
(All metrics are compared to the second quarter of fiscal year 2024 unless otherwise noted)
- Total revenue increased 33% to $198.9 million, compared to $149.4
- Annualized recurring revenue (ARR) increased 32% to $806.0 million as of July 31,
- Customers with ARR of $100,000 or more grew 24% to 1,233 as of July 31,
- Gross margin: GAAP gross margin was 75%, compared to 70%. Non-GAAP gross margin was 80%, compared to 77%.
- Operating margin: GAAP operating margin was (40)%, compared to (67)%. Non-GAAP operating margin was (3)%, compared to (22)%.
- Cash flow margin: Operating cash flow margin was 1%, compared to (8)%. Free cash flow margin was (3)%, 7 percentage points higher compared to (10)%.
- Cash, cash equivalents, and investments were $1.1 billion as of July 31,
Discussion and Analysis of Financial Condition and Results of Operations” set forth in our filings and reports with the Securities and Exchange Commission (SEC), including our most recently filed Annual Report on Form 10-K, dated March 27, 2024, subsequent Quarterly Reports on Form 10-Q and other filings and reports that we may file from time to time with the SEC, copies of which are available on our website at investors.sentinelone.com and on the SEC’s website at www.sec.gov.
