SentinelOne announced its Q4 earnings, highlighting a 38% year-over-year revenue increase to $174M and a 39% growth in Annual Recurring Revenue (ARR) to $724M, with earnings per share at -$0.04. Despite these strong results and a GRI revenue increase of 29%, the company's shares slid after hours due to its revenue outlook for FY2025 being slightly lower than investor expectations. SentinelOne expects Q1 FY25 revenue of $181M and a full FY2025 revenue range of $812M-$818M, compared to estimates of $816M. Competitor CrowdStrike added $876M in ARR in FY24 and is projected to add approximately $1B in FY25. For every $1 of ARR going to these two companies, CrowdStrike is taking $0.82, maintaining a ratio that has been stable since April 2021. SentinelOne's Q4 gross margin stood at 72.23%, and the number of customers with $100K+ ARR grew by 30% year-over-year to 1,133. Shares dipped after hours despite the earnings and revenue beat.
$S Q4 earnings results:ππΌ Total revs up 38% y/y to $174M vs Q3's 42% revs growth Gross margin was 72.23% Customers w/ $100K+ ARR up 30% y/y to 1,133 Expect Q1 revs to be min $181M, up 36% y/y Revs growth is still above 30%, but deceleration continued. Shareholder letter:β¦ https://t.co/fnUXCBxAEn https://t.co/4uiTb6JJEE
π Shareholders, we once again exceeded our top and bottom-line expectations. Our market position continues to strengthen, driven by our leading AI-based security and superior platform value. https://t.co/RVjvauT0aF ARR grew 39% YoY to $724 million and revenue grew 38% YoY toβ¦ https://t.co/iLx6QAaC6H
SentinelOne Earnings Top Estimates, but Shares Slide on Guidance Miss https://t.co/XiH0gqJECi
SentinelOne shares dip after hours despite Q4 earnings and revenue beat https://t.co/BoUebbaWZk
$S ending FY24 ARR = $724M $CRWD added $876M ARR in FY24 alone. It will add ~$1B in FY25. For every $1 of ARR going to these two, CRWD is taking $0.82, a ratio that has been stable since April '21 (and increasing slightly in CRWDs favor the last 3qtrs)
SentinelOne $S revenue outlook was slightly lower than expected for investors (met sell side, missed buy side) -SentinelOne Expects Revenue Of $181M For Q1'FY25 (Est $181M), $812M-$818M For Full FY2025 (Est $816M) $CRWD $PANW $ZS https://t.co/FNAZSxDygi
$S SentinelOne will report after market close. Analysts estimate $169.53M in revenue (+34.45% YoY) and -$0.04 in earnings per share.
Today, we announced Q4 and FY 2023 earnings. Over the quarter, we upheld our commitment to diversifying our customer base, saw an increased demand for our tools among content organizations, and grew GRI revenue by 29%. Read more here: https://t.co/RnCOpQsbRU https://t.co/W8dY7QecqF