NYSE$S

SentinelOne Inc. · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported a robust demand environment, impressive execution, and sustained triple-digit growth with significant margin expansion.

SentinelOne announced strong Q1 fiscal year 2023 results, with revenue increasing 109% year-over-year and ARR up 110% year-over-year. The company added a record number of new customers and raised its revenue guidance for the full fiscal year.

  • Total revenue increased 109% to $78.3 million compared to $37.4 million.
  • Annualized recurring revenue (ARR) increased 110% to $339.0 million.
  • Total customer count grew over 55% to over 7,450 customers.
  • GAAP gross margin was 65%, compared to 51%.

Headline financials

Total Revenue

$78.3M

Previous: $37.4M+109.3%
EPS (adj)

-$0.21

Previous: -$1.37+84.7%
Annualized Recurring Revenue

$339M

Previous: $0.00
Customers with ARR of $100,000 or more

591

Previous: 0
Capital Expenditures

-$2.81M

Previous: $780K-460.0%
Free Cash Flow

-$92.6M

Previous: -$31.6M-193.4%
Net Income

-$89.8M

Previous: -$62.6M-43.4%
Operating Income

-$90.3M

Previous: -$61.6M-46.6%
Gross Profit

$51.1M

Previous: $19.1M+167.5%
Cash & Equivalents

$766M

Previous: $366M+109.2%
Total Assets

$1.99B

No prior period
Stock-Based Comp

$31.6M

Previous: $13.4M+135.4%

Revenue & EPS history

SentinelOne · Revenue · Quarterly

$78.3M

Q1 2023+109.3%vs Q1 2022
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Forward guidance

The company provided revenue guidance for the second quarter of fiscal year 2023, expecting revenue of $95-96 million. Full fiscal year 2023 revenue is expected to be $403-407 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

-2.7%

Avg return

Earnings day

-1.5%

Avg return

5 days after

-6.5%

Avg return

30 days after

42%

10 / 24 earnings

Positive

+18.6%

Q4 2022

Best reaction

-37.1%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+5.5%+4.4%-13.4%
Q3 2026-14.4%-10.2%-13.7%
Q2 2026+7.2%+2.3%+3.1%
Q1 2026-11.5%-7.7%-9.3%
Q4 2025-5.5%+0.4%-8.9%
Q3 2025-9.7%-10.5%-17.2%
Q2 2025-1.8%-5.3%-3.7%
Q1 2025-18.8%-16.9%+1.6%
Q4 2024-16.7%-17.1%-22.3%
Q3 2024+15.2%+18.6%+16.1%
Q2 2024+5.7%+9.9%+3.6%
Q1 2024-37.1%-36.0%-29.4%
Q4 2023+11.3%+8.0%+25.6%
Q3 2023-2.0%+7.9%-6.9%
Q2 2023-7.8%-9.3%-8.3%
Q1 2023+5.8%-3.0%-1.3%
Q1 2022+5.8%-3.0%-1.3%
Q4 2020-4.0%-4.0%-26.3%
Q4 2022+18.6%+37.3%+25.6%
Q3 2021+3.5%-4.4%-8.8%
Q3 2022+8.0%+11.8%-3.7%
Q4 2021-7.6%+2.2%-17.2%
Q2 2021-7.6%+2.2%-17.2%
Q2 2022-7.0%-14.1%-23.0%
Q1 2021
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014

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