# EDGAR Filing Document

**Accession Number:** 0001583708
**File Stem:** 0001583708-25-000157
**Filing Date:** 2025-12
**Character Count:** 89401
**Document Hash:** dfca120d45bdae5d75881b89c6b70a00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001583708-25-000157.hdr.sgml**: 20251204

**ACCESSION NUMBER**: 0001583708-25-000157

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 57

**CONFORMED PERIOD OF REPORT**: 20251204

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251204

**DATE AS OF CHANGE**: 20251204

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SentinelOne, Inc.
- **CENTRAL INDEX KEY:** 0001583708
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 990385461
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40531
- **FILM NUMBER:** 251549485

**BUSINESS ADDRESS:**
- **STREET 1:** 444 CASTRO STREET
- **STREET 2:** SUITE 400
- **CITY:** MOUNTAIN VIEW
- **STATE:** CA
- **ZIP:** 94041
- **BUSINESS PHONE:** 855-868-3733

**MAIL ADDRESS:**
- **STREET 1:** 444 CASTRO STREET
- **STREET 2:** SUITE 400
- **CITY:** MOUNTAIN VIEW
- **STATE:** CA
- **ZIP:** 94041

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sentinel Labs, Inc.
- **DATE OF NAME CHANGE:** 20210405

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SentinelOne, Inc.
- **DATE OF NAME CHANGE:** 20210402

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sentinel Labs, Inc.
- **DATE OF NAME CHANGE:** 20130805

?xml version='1.0' encoding='ASCII'? s-20251204

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **December 04, 2025**

**SENTINELONE, INC.** 

(Exact name of registrant as specified in its charter)

_____________________________________________________________________________________________

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-40531** | **99-0385461** |
| (State or other jurisdiction<br>of incorporation) | (Commission<br>File Number) | (IRS Employer<br>Identification No.) |

---

---

| |
|:---|
| **444 Castro Street** |
| **Suite 400** |
| **Mountain View** |
| **California** |
| **94041** |
| (Address, including zip code, of principal executive offices) |

---

Registrant's telephone number, including area code: **(855) 868-3733**

**Not Applicable**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange on which registered** |
| Class A common stock, par value $0.0001 | S | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

------

---

| | |
|:---|:---|
| Emerging growth company | ☐ |
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐ |

---

**Item 2.02 Results of Operations and Financial Condition.**

On December 4, 2025, SentinelOne, Inc. (the "Company") announced its financial results for the third quarter of fiscal year 2026 ended October 31, 2025, by issuing an earnings presentation and a press release. The Company also announced that it would hold a webcast to discuss its financial results for the third quarter of fiscal year 2026 ended October 31, 2025. A copy of the press release and the earnings presentation is furnished herewith as Exhibit 99.1 and 99.2, respectively.

The Company makes reference to non-GAAP financial information in the Company's press release, earnings presentation and the webcast call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release and earnings presentation.

The information contained herein and in the accompanying exhibits are "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

**Item 5.02 Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

***Appointment of Mark Barrenechea as Class II Director***

On December 3, 2025, the Board of Directors (the "Board") of the Company appointed Mark Barrenechea to serve as a member of the Board. Mr. Barrenechea will serve as a Class II director, whose term expires at the Company's annual meeting of stockholders to be held in 2026, and until Mr. Barrenechea's successor shall have been duly elected and qualified, or until Mr. Barrenechea's earlier death, resignation, disqualification or removal. Mr. Barrenechea has not yet been appointed to any standing committees of the Board. The Company will file an amendment to this Form 8-K to disclose any such appointments after they are made.

Mr. Barrenechea served as the Chief Executive Officer and Chief Technology Officer of OpenText Corporation, an information management software products company, from January 2012 to August 2025. Prior to that, he served as the President and Chief Executive Officer of Silicon Graphics International Corporation, a computer hardware and software company, from 2006 to 2012. Mr. Barrenechea served on the board of directors of OpenText from January 2012 to August 2025 and Avery Dennison Corporation, a global materials science and digital identification solutions company, from February 2018 to April 2022. Mr. Barrenechea earned his Bachelor's of Science in Computer Science from Saint Michael's College.

In accordance with the Company's amended and restated Outside Director Program, as described in the Company's Definitive Proxy Statement for the 2025 Annual Meeting of Stockholders, dated May 14, 2025, Mr. Barrenechea is entitled to (i) an annual cash retainer of $50,000 for service on the Board, (ii) additional annual cash compensation for committee membership, in each case payable in quarterly arrears, prorated based on full calendar months served, and subject to Mr. Barrenechea's continued service, (iii) an initial equity award with an initial grant date value of $400,000 (the "Initial Award"), and (iv) an annual equity award with an initial grant date value equal to $225,000 (the "Annual Award"). Mr. Barrenechea may elect to receive his cash fees in the form of restricted stock units pursuant to a written election in lieu of cash.

The Initial Award will vest quarterly with respect to 1/12th of the total number of restricted stock units subject to the award, so long as Mr. Barrenechea continues to provide service as an outside director to the Company through each vesting date. The Annual Award shall fully vest on the earliest of (i) the date of the next annual meeting of the Company's stockholders, (ii) the date that is one year following the Annual Award grant date, (iii) Mr. Barrenechea's death, (iv) the date on which Mr. Barrenechea becomes disabled, or (v) the occurrence of a corporate transaction (as defined in the Company's 2021 Equity Incentive Plan), in each case so long as Mr. Barrenechea continues to provide services as an outside director to the Company through such date.

------

There are no family relationships between Mr. Barrenechea and any director or executive officer of the Company and no transaction involving Mr. Barrenechea that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended. The Company will enter into its standard form of indemnification agreement with Mr. Barrenechea, a form of which was previously filed with the SEC as Exhibit 10.1 to the Company's registration statement on <u>[Form S-1 (File No. 333-256761](https://www.sec.gov/Archives/edgar/data/1583708/000162828021011624/sentineloneincs-1initialpu.htm)[)](https://www.sec.gov/Archives/edgar/data/1583708/000162828021011624/sentineloneincs-1initialpu.htm)</u> on June 3, 2021.

*(b) and (c)*

***Appointment of Barry Padgett as Interim Chief Financial Officer***

On December 1, 2025, Barbara Larson notified the Company of her intention to resign from her position as the Chief Financial Officer and principal financial officer of the Company at a future date that is mutually agreeable to the Company and Ms. Larson (currently expected in mid-January 2026) (the "Larson Resignation Date"). Ms. Larson's resignation is not the result of any disagreement regarding the Company's operations, policies or practices. The Company has initiated a comprehensive search for a new Chief Financial Officer.

Effective as of the Larson Resignation Date, Barry Padgett, the Company's current Chief Growth Officer, will serve as the interim Chief Financial Officer and principal financial officer of the Company. There is no arrangement or understanding between Mr. Padgett and any other persons pursuant to which he was selected as an officer of the Company. There are no family relationships between Mr. Padgett and any director or executive officer of the Company and no transaction involving Mr. Padgett that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Exchange Act of 1934, as amended. In connection with his appointment, the Company will enter into its standard form of indemnification agreement with Mr. Padgett, a form of which was previously filed with the SEC as Exhibit 10.1 to the Company's registration statement on <u>[Form S-1 (File No. 333-256761](https://www.sec.gov/Archives/edgar/data/1583708/000162828021011624/sentineloneincs-1initialpu.htm)[)](https://www.sec.gov/Archives/edgar/data/1583708/000162828021011624/sentineloneincs-1initialpu.htm)</u> on June 3, 2021.

Mr. Padgett has served as the Company's Chief Growth Officer since March 2025. Prior to joining the Company, he served as the Chief Executive Officer of Amperity, Inc., a customer cloud platform, from March 2022 to June 2024 and President and Chief Operating Officer at Amperity from April 2020 to February 2022. Prior to that, he served as Chief Revenue Officer of Stripe, Inc., a financial services company, from March 2019 to April 2020 and President of SAP SE, a global software company, from November 2016 to February 2019. Mr. Padgett earned his Bachelor of Science from Union College, Master of Business Administration from the University of New South Wales and Master of Science from the University of Oxford.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The information set forth above under Item 5.02(b) and (c) is hereby incorporated by reference into this Item 5.02(e).

**Item 7.01 Regulation FD Disclosure.**

On December 4, 2025, the Company posted supplemental investor materials on the Investors Relations section of its website, available at investors.sentinelone.com. The Company announces material information to the public through filings with the Securities and Exchange Commission, the investor relations page on the Company's website, press releases, public conference calls, webcasts, the Company's news website, available at sentinelone.com/press and blog posts on the Company's corporate website at sentinelone.com/blog in order to achieve broad, non-exclusionary distribution of information to the public and for complying with its disclosure obligations under Regulation FD.

The information disclosed by the foregoing channels could be deemed to be material information. As such, the Company encourages investors, the media and others to follow the channels listed above and to review the information disclosed through such channels.

Any updates to the list of disclosure channels through which the Company announces information will be posted on the investor relations page on the Company's website.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

*(d) Exhibits*

---

| | |
|:---|:---|
| **Exhibit Number** | **Exhibit Description** |
| <u>[99.1](sentineloneq326exhibit991.htm)</u> | <u>[Press Release issued by SentinelOne, Inc. dated](sentineloneq326exhibit991.htm)[December 4](sentineloneq326exhibit991.htm)[, 2025.](sentineloneq326exhibit991.htm)</u> |

---

------

---

| | |
|:---|:---|
| <u>[99.2](s-q3fy26earningspresenta.htm)</u> | <u>[Earnings Presentation, dated](s-q3fy26earningspresenta.htm)[December 4](s-q3fy26earningspresenta.htm)[, 2025.](s-q3fy26earningspresenta.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **SENTINELONE, INC.** | **SENTINELONE, INC.** |
| Date: December 4, 2025 | By: | /s/ Keenan Conder |
|  |  | Keenan Conder |
|  |  | Chief Legal Officer and Secretary |

---

## Exhibit 99.1

**Exhibit 99.1**

![sentinelone_logoxrgbx3cxpua.jpg](sentinelone_logoxrgbx3cxpua.jpg)

**SentinelOne Announces Third Quarter Fiscal Year 2026 Financial Results**

***Revenue increased 23% year-over-year***

***ARR up 23% year-over-year***

MOUNTAIN VIEW, Calif. – December 4, 2025 – SentinelOne, Inc. (NYSE: S) today announced financial results for the third quarter of fiscal year 2026 ended October 31, 2025.

"We continue to demonstrate a strong combination of top-tier growth and margin improvement. Our third-quarter performance underscores the growing demand for our AI-native security platform that combines data, intelligence, and defense." said Tomer Weingarten, CEO of SentinelOne. "Our early-mover advantage and approach for both AI for Security and Security for AI is resonating with customers. We are winning new logos and expanding existing accounts while empowering organizations to advance their digital transformations securely and intelligently."

"We outperformed our expectations on both top and bottom line metrics – demonstrating disciplined execution and achievement of new profitability milestones," said Barbara Larson, CFO of SentinelOne. "We are successfully balancing industry-leading growth with financial rigor, ensuring we remain firmly on track to deliver sustainable, profitable growth at scale."

**Third Quarter Fiscal Year 2026 Highlights**

*(All metrics are compared to the third quarter of fiscal year 2025 unless otherwise noted)* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Total revenue** increased 23% to $258.9 million, compared to $210.6 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Annualized recurring revenue (ARR)** increased 23% to $1,055.3 million as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Customers with ARR of $100,000 or more** grew 20% to 1,572 as of October 31, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Gross margin:** GAAP gross margin was 74%, compared to 75%. Non-GAAP gross margin was 79%, compared to 80%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Operating margin:** GAAP operating margin was (28)%, compared to (42)%. Non-GAAP operating margin was 7%, compared to (5)%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Net income (loss) margin**: GAAP net loss margin was (23)%, compared to (37)%. Non-GAAP net income margin was 10%, compared to 0%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**• Cash flow margin:** Operating cash flow margin was 8%, compared to (3)%. Free cash flow margin was 6%, compared to (6)%. Trailing-twelve month operating cash flow margin was 7%, compared to 4%. Trailing-twelve month free cash flow margin was 5%, compared to 1%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Cash, cash equivalents, and investments** were $873.6 million as of October 31, 2025.

------

**Leadership Update**

SentinelOne today announced that Barbara Larson will transition from her role as Chief Financial Officer to pursue an opportunity outside of the cybersecurity industry. Ms. Larson will continue to serve in her role through mid-January 2026. Upon Barbara's departure, our Chief Growth Officer, Barry Padgett, will serve as interim CFO to ensure a seamless transition. Barry is a seasoned executive with more than 25 years of experience in operational leadership at enterprise software companies including SAP and Stripe. The company has initiated a search for its next CFO.

"Barbara's leadership has helped SentinelOne drive its rapid growth as a leading AI-powered security and cyber-defense firm," said Tomer Weingarten, CEO, SentinelOne. "She helped guide our transition to positive non-GAAP operating margins, strengthened our free cash flow profile and supported our path to surpassing $1 billion in ARR. We're grateful for her leadership at SentinelOne. Going forward, Barry, as a seasoned executive, will ensure a steady hand during this transition."

**Financial Outlook**

We are providing the following guidance for the fourth quarter of fiscal year 2026, and for fiscal year 2026 (ending January 31, 2026).

---

| | | |
|:---|:---|:---|
| | **Q4FY26<br>Guidance** | **Full FY2026<br>Guidance** |
| Revenue | $271 million | $1,001 million |
| Non-GAAP gross margin | 77.5% | 78.5% |
| Non-GAAP operating margin | 5% | 3% |

---

These statements are forward-looking and actual results may differ materially as a result of many factors. Refer to the below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Guidance for non-GAAP financial measures excludes stock-based compensation expense, employer payroll tax on employee stock transactions, amortization of acquired intangible assets, acquisition-related compensation costs, restructuring charges, gains and losses on strategic investments, and provision for (benefit from) income taxes. We have not provided the most directly comparable GAAP measures because certain items are out of our control or cannot be reasonably predicted. Accordingly, a reconciliation of non-GAAP gross margin and non-GAAP operating margin is not available without unreasonable effort.

**Webcast Information** 

We will host a live audio webcast for analysts and investors to discuss our earnings results for the third quarter of fiscal year 2026 and outlook for fourth quarter of fiscal year 2026 and full fiscal year 2026 today, December 4, 2025, at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). The live webcast and a recording of the event will be available on the Investor Relations section of our website at investors.sentinelone.com.

We have used, and intend to continue to use, the Investor Relations section of our website at investors.sentinelone.com as a means of disclosing material nonpublic information and for complying with our disclosure obligations under Regulation FD.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve risks and uncertainties, including but not limited to statements regarding our future growth, execution, product innovation and technological development, competitive position, and future financial and operating performance,

------

including our financial outlook for the fourth quarter of fiscal year 2026 and our full fiscal year 2026, including non-GAAP gross margin and non-GAAP operating margin; share repurchase program; progress towards our long-term profitability targets; and general market trends. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "target," "plan," "expect," or the negative of these terms and similar expressions are intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words.

There are a significant number of factors that could cause our actual results to differ materially from statements made in this press release, including but not limited to: our limited operating history; our history of losses; intense competition in the market we compete in; fluctuations in our operating results; actual or perceived network or security incidents against us; actual or perceived defects, errors or vulnerabilities in our platform; our ability to successfully integrate any acquisitions and strategic investments; risks associated with managing our rapid growth; general global, political, economic, and macroeconomic climate, including but not limited to, the changes in U.S. federal spending and policies, including government shutdowns, significant political or regulatory developments or changes in trade policy, actual or perceived instability in the banking industry; supply chain disruptions; a potential recession, inflation, and interest rate volatility; geopolitical conflicts around the world; our ability to attract new and retain existing customers, or renew and expand our relationships with them; the ability of our platform to effectively interoperate within our customers' IT infrastructure; disruptions or other business interruptions that affect the availability of our platform including cybersecurity incidents; the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; rapidly evolving technological developments in the market for security products and subscription and support offerings; length of sales cycles; and risks of securities class action litigation.

Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's 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 26, 2025, 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.

You should not rely on these forward-looking statements, as actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on information and estimates available to us as of the date hereof, and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. We do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date of this press release or to reflect new information or the occurrence of unexpected events, except as required by law. We may not actually achieve the plans, intentions, or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.

**Non-GAAP Financial Measures**

In addition to our results being determined in accordance with GAAP, we believe the following non-GAAP measures are useful in evaluating our operating performance. We use the following non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, with the financial information presented in accordance with GAAP, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP.

Other companies, including companies in our industry, may calculate similarly titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our

------

non-GAAP financial measures as tools for comparison. In addition, the utility of free cash flow as a measure of our liquidity is limited as it does not represent the total increase or decrease in our cash balance for a given period.

Reconciliations between non-GAAP financial measures to the most directly comparable financial measure stated in accordance with GAAP are contained below. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business.

As presented in the "Reconciliation of GAAP to Non-GAAP Financial Information" table below, each of the non-GAAP financial measures excludes one or more of the following items:

***Stock-based compensation expense***

***Employer payroll tax on employee stock transactions***

***Amortization of acquired intangible assets***

Amortization of acquired intangible asset expense is tied to the intangible assets that were acquired in conjunction with acquisitions, which results in non-cash expenses that may not otherwise have been incurred. Management believes excluding the expense associated with intangible assets from non-GAAP measures allows for a more accurate assessment of our ongoing operations and provides investors with a better comparison of period-over-period operating results.

***Acquisition-related compensation costs***

Acquisition-related compensation costs include cash-based compensation expenses resulting from the employment retention of certain employees established in accordance with the terms of each acquisition. Acquisition-related cash-based compensation costs have been excluded as they were specifically negotiated as part of the acquisitions in order to retain such employees and relate to cash compensation that was made either in lieu of stock-based compensation or where the grant of stock-based compensation awards was not practicable. In most cases, these acquisition-related compensation costs are not factored into management's evaluation of potential acquisitions or our performance after completion of acquisitions, because they are not related to our core operating performance. In addition, the frequency and amount of such charges can vary significantly based on the size and timing of acquisitions and the maturities of the businesses being acquired. Excluding acquisition-related compensation costs from non-GAAP measures provides investors with a basis to compare our results against those of other companies without the variability caused by purchase accounting.

------

***Restructuring charges***

Restructuring charges primarily relate to contract termination charges, severance payments, employee benefits, stock-based compensation and asset impairment charges related to facilities. These restructuring charges are excluded from non-GAAP financial measures because they are the result of discrete events that are not considered core-operating activities. We believe that it is appropriate to exclude restructuring charges from non-GAAP financial measures because it enables the comparison of period-over-period operating results from continuing operations.

***Gains and losses on strategic investments***

Gains and losses on strategic investments relate to the subsequent changes in the recorded value of our strategic investments. These gains and losses are excluded from non-GAAP financial measures because they are the result of discrete events that are not considered core-operating activities. We believe that it is appropriate to exclude gains and losses from strategic investments from non-GAAP financial measures because it enables the comparison of period-over-period net income (loss).

***Provision for (Benefit from) income taxes***

The tax charge related to a framework for a final settlement and resolution discussed during the nine months ended October 31, 2025 with the Israel Tax Authorities (ITA) as a part of the ongoing bilateral Advance Pricing Agreement negotiations with the U.S. Internal Revenue Service and ITA of $136.0 million (included in the balance sheet within other liabilities) and the $4.7 million tax benefit, related to valuation allowance release for the recording of Israeli deferred tax assets, and the $5.4 million discrete tax benefit from the release of valuation allowance associated with our acquisition of Observo, Inc. in September 2025, have been excluded from our non-GAAP results because these represent discrete, non-recurring items that are not indicative of our core operating performance. These exclusions provide investors with a clearer view of our underlying financial results and facilitate meaningful comparisons across reporting periods. No finalized resolution or agreement has been reached at this time.

***Dilutive shares applying the treasury stock method***

During periods in which we incur a net loss under a GAAP basis, we exclude certain potential common stock equivalents from our GAAP diluted shares because their effect would have been anti-dilutive. In periods where we have net income on a non-GAAP basis, these common stock equivalents would have been dilutive. Accordingly, we have included the impact of these common stock equivalents in the calculation of our non-GAAP diluted net income per share applying the treasury stock method.

***Non-GAAP Cost of Revenue, Non-GAAP Gross Profit, Non-GAAP Gross Margin, Non-GAAP Income (Loss) from Operations, Non-GAAP Operating Margin, Non-GAAP Net Income, Non-GAAP Net Income Margin and Non-GAAP Net Income Per Share***

We define these non-GAAP financial measures as their respective GAAP measures, excluding the expenses referenced above. We use these non-GAAP financial measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our board of directors concerning our financial performance.

***Free Cash Flow***

We define free cash flow as cash provided by (used in) operating activities less purchases of property and equipment and capitalized internal-use software costs. We believe free cash flow is a useful indicator of liquidity that provides our management, board of directors, and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives.

------

**Key Business Metrics**

We monitor the following key metrics to help us evaluate our business, identify trends affecting our business, formulate business plans, and make strategic decisions.

***Annualized Recurring Revenue (ARR)***

We believe that ARR is a key operating metric to measure our business because it is driven by our ability to acquire new subscription, consumption, and usage-based customers, and to maintain and expand our relationship with existing customers. ARR represents the annualized revenue run rate of our subscription and consumption and usage-based agreements at the end of a reporting period, assuming contracts are renewed on their existing terms for customers that are under contracts with us. ARR is not a forecast of future revenue, which can be impacted by contract start and end dates, usage, renewal rates, and other contractual terms.

***Customers with ARR of $100,000 or More***

We believe that our ability to increase the number of customers with ARR of $100,000 or more is an indicator of our market penetration and strategic demand for our platform. We define a customer as an entity that has an active subscription for access to our platform. We count Managed Service Providers, Managed Security Service Providers, Managed Detection & Response firms, and Original Equipment Manufacturers, who may purchase our products on behalf of multiple companies, as a single customer. We do not count our reseller or distributor channel partners as customers.

Source: SentinelOne

NYSE: S

Category: Investors

**Contact:**

Investor Relations:

Saad Nazir

investors@sentinelone.com

Press:

Craig VerColen

press@sentinelone.com

------

**SENTINELONE, INC.** 

**CONDENSED CONSOLIDATED BALANCE SHEETS**

**(in thousands)**

**(unaudited)**

---

| | | |
|:---|:---|:---|
| | **October 31,**<br>**2025** | **January 31,**<br>**2025** |
| **Assets** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $150206 | $186574 |
| &nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | 499640 | 535331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 198756 | 236012 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred contract acquisition costs, current | 67696 | 64782 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 40664 | 47023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 956962 | 1069722 |
| Property and equipment, net | 80306 | 71774 |
| Long-term investments | 223779 | 419367 |
| Deferred contract acquisition costs, non-current | 86126 | 85322 |
| Intangible assets, net | 140409 | 107155 |
| Goodwill | 911778 | 629636 |
| Other assets | 32609 | 23649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $2431969 | $2406625 |
| **Liabilities and Stockholders' Equity** |  |  |
| Current liabilities:  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | $9634 | $8159 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued payroll and benefits | 73201 | 79612 |
| &nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue, current | 480996 | 470127 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other current liabilities | 63794 | 55655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 627625 | 613553 |
| Deferred revenue, non-current | 88470 | 102017 |
| Other liabilities | 165952 | 21808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 882047 | 737378 |
| Stockholders' equity: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred stock |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Class A common stock | 33 | 31 |
| &nbsp;&nbsp;&nbsp;&nbsp;Class B common stock | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Additional paid-in capital | 3515181 | 3294542 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive income | 2695 | 2158 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accumulated deficit | (1967988) | (1627485) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' equity | 1549922 | 1669247 |
| Total liabilities and stockholders' equity | $2431969 | $2406625 |

---

------

**SENTINELONE, INC.** <br>**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS**<br>**(in thousands, except share and per share data)**<br>**(unaudited)**<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended October 31,** | **Three Months Ended October 31,** | **Nine Months Ended October 31,** | **Nine Months Ended October 31,** |
| | **2025** | **2024** | **2025** | **2024** |
| Revenue | $258913 | $210648 | $730125 | $595940 |
| Cost of revenue<sup>(1)</sup> | 67851 | 53260 | 184857 | 154096 |
| Gross profit | 191062 | 157388 | 545268 | 441844 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Research and development<sup>(1)</sup> | 83146 | 70453 | 234490 | 192376 |
| &nbsp;&nbsp;&nbsp;Sales and marketing<sup>(1)</sup> | 126562 | 123713 | 388322 | 359160 |
| &nbsp;&nbsp;&nbsp;General and administrative<sup>(1)</sup> | 51494 | 52342 | 151647 | 139409 |
| &nbsp;&nbsp;&nbsp;Restructuring<sup>(1)</sup> | 3171 |  | 12221 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses | 264373 | 246508 | 786680 | 690945 |
| Loss from operations | (73311) | (89120) | (241412) | (249101) |
| Interest income, net | 10381 | 12658 | 34867 | 37521 |
| Other income (expense), net | (520) | (378) | (355) | (838) |
| Loss before income taxes | (63450) | (76840) | (206900) | (212418) |
| Provision for (benefit from) income taxes | (3159) | 1524 | 133603 | 5235 |
| Net loss | $(60291) | $(78364) | $(340503) | $(217653) |
| Net loss per share attributable to Class A and Class B common stockholders, basic and diluted | $(0.18) | $(0.25) | $(1.04) | $(0.70) |
| Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted | 332732831 | 316987303 | 328516203 | 312583956 |
| <sup>(1)</sup> Includes stock-based compensation expense as follows: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of revenue | $5644 | $5810 | $15708 | $16243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development | 24952 | 22816 | 70182 | 61092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales and marketing | 22483 | 18612 | 66736 | 55568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 22809 | 22950 | 65837 | 60515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restructuring | (547) |  | (583) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stock-based compensation expense | $75341 | $70188 | $217880 | $193418 |

---

------

**SENTINELONE, INC.** 

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS**

**(in thousands)**

**(unaudited)**

---

| | | |
|:---|:---|:---|
| | **Nine Months Ended October 31,** | **Nine Months Ended October 31,** |
| | **2025** | **2024** |
| CASH FLOW FROM OPERATING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(340503) | $(217653) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash provided by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 38050 | 31825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of deferred contract acquisition costs | 57037 | 48297 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-cash operating lease costs | 3150 | 2981 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 217880 | 193418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accretion of discounts, and amortization of premiums on investments, net | (6198) | (10536) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset impairment charges | 2205 | 1481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other | (554) | (43) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities, net of effects of acquisitions |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 38317 | 49980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other assets | 1238 | 5987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred contract acquisition costs | (60756) | (60133) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable | 1312 | 2975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 135350 | 14340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued payroll and benefits | (7115) | (4702) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liabilities | (3177) | (3925) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred revenue | (3991) | (17163) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities | 72245 | 37129 |
| CASH FLOW FROM INVESTING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property and equipment | (519) | (1666) |
| &nbsp;&nbsp;&nbsp;Purchases of intangible assets | (136) | (149) |
| &nbsp;&nbsp;&nbsp;Capitalization of internal-use software | (17526) | (19795) |
| &nbsp;&nbsp;&nbsp;Purchases of investments | (233547) | (597614) |
| &nbsp;&nbsp;&nbsp;Proceeds from sales, maturities and return of capital of investments | 471664 | 594879 |
| &nbsp;&nbsp;&nbsp;Cash paid for acquisitions, net of cash acquired | (244720) | (61553) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities | (24784) | (85898) |
| CASH FLOW FROM FINANCING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Repurchases of common stock | (101942) |  |
| &nbsp;&nbsp;&nbsp;Repurchase of early exercised stock options |  | (21) |
| &nbsp;&nbsp;&nbsp;Proceeds from exercise of stock options | 16610 | 22888 |
| &nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock under the employee stock purchase plan | 9065 | 8800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash (used in) provided by financing activities | (76267) | 31667 |
| NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (28806) | (17102) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–Beginning of period | 193302 | 322086 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH–End of period | $164496 | $304984 |

---

------

**SENTINELONE, INC.**

**RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION**

**(in thousands, except percentages and per share data)** 

**(unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended October 31,** | **Three Months Ended October 31,** | **Nine Months Ended October 31,** | **Nine Months Ended October 31,** |
| | **2025** | **2024** | **2025** | **2024** |
| **Cost of revenue reconciliation:** |  |  |  |  |
| GAAP cost of revenue | $67851 | $53260 | $184857 | $154096 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (5644) | (5810) | (15708) | (16243) |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | (156) | (158) | (573) | (497) |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | (6414) | (4195) | (14668) | (13861) |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | (11) | (38) | (48) | (350) |
| Non-GAAP cost of revenue | $55626 | $43059 | $153860 | $123145 |
| **Gross profit reconciliation:** |  |  |  |  |
| GAAP gross profit | $191062 | $157388 | $545268 | $441844 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 5644 | 5810 | 15708 | 16243 |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | 156 | 158 | 573 | 497 |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | 6414 | 4195 | 14668 | 13861 |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | 11 | 38 | 48 | 350 |
| Non-GAAP gross profit | $203287 | $167589 | $576265 | $472795 |
| **Gross margin reconciliation:** |  |  |  |  |
| GAAP gross margin | 74% | 75% | 75% | 74% |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 2% | 3% | 2% | 3% |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | —% | —% | —% | —% |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | 2% | 2% | 2% | 2% |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | —% | —% | —% | —% |
| Non-GAAP gross margin\* | 79% | 80% | 79% | 79% |
| **Research and development expense reconciliation:** |  |  |  |  |
| GAAP research and development expense | $83146 | $70453 | $234490 | $192376 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (24952) | (22816) | (70182) | (61092) |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | (205) | (164) | (947) | (775) |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | (1308) | (790) | (2649) | (2366) |
| Non-GAAP research and development expense | $56681 | $46683 | $160712 | $128143 |
| **Sales and marketing expense reconciliation:** |  |  |  |  |
| GAAP sales and marketing expense | $126562 | $123713 | $388322 | $359160 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (22483) | (18612) | (66736) | (55568) |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | (597) | (290) | (1776) | (1583) |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | (2420) | (2253) | (6853) | (6710) |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | (514) | (27) | (539) | (100) |
| Non-GAAP sales and marketing expense | $100548 | $102531 | $312418 | $295199 |
| **General and administrative expense reconciliation:** |  |  |  |  |
| GAAP general and administrative expense | $51494 | $52342 | $151647 | $139409 |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | (22809) | (22950) | (65837) | (60515) |

---

------

**SENTINELONE, INC.**

**RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION**

**(in thousands, except percentages and per share data)** 

**(unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | (296) | (335) | (1793) | (1318) |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation |  | (1) |  | (1) |
| Non-GAAP general and administrative expense | $28389 | $29056 | $84017 | $77575 |
| **Restructuring expense reconciliation:** |  |  |  |  |
| GAAP restructuring expense | $3171 | $— | $12221 | $— |
| &nbsp;&nbsp;Stock-based compensation | 547 |  | 583 |  |
| &nbsp;&nbsp;Restructuring charges | (3718) |  | (12804) |  |
| Non-GAAP restructuring expense | $— | $— | $— | $— |
| **Operating loss reconciliation:** |  |  |  |  |
| GAAP operating loss | $(73311) | $(89120) | $(241412) | $(249101) |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 75341 | 70188 | 217880 | 193418 |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | 1254 | 947 | 5089 | 4173 |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | 8834 | 6448 | 21521 | 20571 |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | 1833 | 856 | 3236 | 2817 |
| &nbsp;&nbsp;&nbsp;Restructuring charges | 3718 |  | 12804 |  |
| Non-GAAP operating income (loss) | $17669 | $(10681) | $19118 | $(28122) |
| **Operating margin reconciliation:** |  |  |  |  |
| GAAP operating margin | (28)% | (42)% | (33)% | (42)% |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 29% | 33% | 30% | 32% |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | —% | —% | 1% | 1% |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | 3% | 3% | 3% | 3% |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | 1% | —% | —% | —% |
| &nbsp;&nbsp;&nbsp;Restructuring charges | 1% | —% | 2% | —% |
| Non-GAAP operating margin\* | 7% | (5)% | 3% | (5)% |
| **Net income (loss) reconciliation:** |  |  |  |  |
| GAAP net loss | $(60291) | $(78364) | $(340503) | $(217653) |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 75341 | 70188 | 217880 | 193418 |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | 1254 | 947 | 5089 | 4173 |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | 8834 | 6448 | 21521 | 20571 |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | 1833 | 856 | 3236 | 2817 |
| &nbsp;&nbsp;&nbsp;Restructuring charges | 3718 |  | 12804 |  |
| &nbsp;&nbsp;&nbsp;Net gain on strategic investments | (532) |  | (1324) | (345) |
| &nbsp;&nbsp;&nbsp;Provision for (benefit from) income taxes | (5366) |  | 125917 |  |
| Non-GAAP net income | $24791 | $75 | $44620 | $2981 |
| **Net income (loss) margin reconciliation:** |  |  |  |  |
| GAAP net loss margin | (23)% | (37)% | (47)% | (37)% |
| &nbsp;&nbsp;&nbsp;Stock-based compensation | 29% | 33% | 30% | 32% |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions | —% | —% | 1% | 1% |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | 3% | 3% | 3% | 3% |

---

------

**SENTINELONE, INC.**

**RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION (CONTINUED)**

**(in thousands, except percentages and per share data)** 

**(unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | 1% | —% | —% | —% |
| &nbsp;&nbsp;&nbsp;Restructuring charges | 1% | —% | 2% | —% |
| &nbsp;&nbsp;&nbsp;Net gain on strategic investments | —% | —% | —% | —% |
| &nbsp;&nbsp;&nbsp;Provision for (benefit from) income taxes | (2)% | —% | 17% | —% |
| Non-GAAP net income margin\* | 10% | —% | 6% | 1% |
| GAAP basic and diluted shares | 332732831 | 316987303 | 328516203 | 312583956 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dilutive shares under the treasury stock method | 8113721 | 18066319 | 9512966 | 19385520 |
| Non-GAAP diluted shares | 340846552 | 335053622 | 338029169 | 331969476 |
| **Diluted EPS reconciliation:** |  |  |  |  |
| GAAP net loss per share, basic and diluted | $(0.18) | $(0.25) | $(1.04) | $(0.70) |
| &nbsp;&nbsp;&nbsp;Stock-based compensation expense | 0.22 | 0.21 | 0.64 | 0.58 |
| &nbsp;&nbsp;&nbsp;Employer payroll tax on employee stock transactions |  |  | 0.02 | 0.01 |
| &nbsp;&nbsp;&nbsp;Amortization of acquired intangible assets | 0.03 | 0.02 | 0.06 | 0.06 |
| &nbsp;&nbsp;&nbsp;Acquisition-related compensation | 0.01 |  | 0.01 | 0.01 |
| &nbsp;&nbsp;&nbsp;Restructuring charges | 0.01 |  | 0.04 |  |
| &nbsp;&nbsp;&nbsp;Net gain on strategic investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Provision for (benefit from) income taxes | (0.02) |  | 0.37 |  |
| &nbsp;&nbsp;&nbsp;Adjustment to fully diluted earnings per share <sup>(1)</sup> |  | 0.02 | 0.03 | 0.05 |
| Non-GAAP net income per share, diluted | $0.07 | $— | $0.13 | $0.01 |

---

\*Certain figures may not sum due to rounding.

<sup>(1)</sup> For periods in which we had diluted non-GAAP net income per share, the sum of the impact of individual reconciling items may not total to diluted non-GAAP net income per share because the basic share counts used to calculate GAAP net loss per share differ from the diluted share counts used to calculate non-GAAP net income per share, and because of rounding differences. The GAAP net loss per share calculation uses a lower share count as it excludes dilutive shares which are included in calculating the non-GAAP net income per share.

------

**SENTINELONE, INC.**

**SELECTED CASH FLOW INFORMATION**

**(in thousands)**

**(unaudited)**

**Reconciliation of cash provided by (used in) operating activities to free cash flow**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended October 31,** | **Three Months Ended October 31,** | **Nine Months Ended October 31,** | **Nine Months Ended October 31,** |
| | **2025** | **2024** | **2025** | **2024** |
| &nbsp;&nbsp;GAAP net cash provided by (used in) operating activities | $21014 | $(7174) | $72245 | $37129 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Purchases of property and equipment | (109) | (227) | (519) | (1666) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Capitalized internal-use software | (5001) | (5251) | (17526) | (19795) |
| &nbsp;&nbsp;Free cash flow | $15904 | $(12652) | $54200 | $15668 |
| &nbsp;&nbsp;Net cash (used in) provided by investing activities | $(90426) | $29723 | $(24784) | $(85898) |
| &nbsp;&nbsp;Net cash (used in) provided by financing activities | $(47868) | $10075 | $(76267) | $31667 |
| &nbsp;&nbsp;Operating cash flow margin | 8% | (3)% | 10% | 6% |
| &nbsp;&nbsp;Free cash flow margin | 6% | (6)% | 7% | 3% |

---

## Exhibit 99.2

![](s-q3fy26earningspresenta001.jpg)

Q3 FY2026 Earnings Presentation December 4, 2025

------

![](s-q3fy26earningspresenta002.jpg)

2 Safe Harbor This presentation includes express and implied "forward-looking statements", including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms, and similar expressions that concern our expectations, strategy, plans or intentions. Forward-looking statements contained in this presentation include, but are not limited to, statements concerning our estimates of market size and opportunity, our strategic plans or objectives, our growth prospects, projections (including our long-term model), actual or perceived defects, errors or vulnerabilities in our platform; our ability to successfully integrate any acquisitions and strategic investments; risks associated with managing our rapid growth; general global political, economic, and macroeconomic climate, intense competition in the market we compete in, fluctuations in our operating results, our ability to attract new and retain existing customers, or renew and expand our relationships with them; the ability of our platform to effectively interoperate within our customers' IT infrastructure; disruptions or other business interruptions that affect the availability of our platform including cybersecurity incidents; the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products, subscriptions and support offerings; rapidly evolving technological developments in the market for security products and subscription and support offerings; length of sales cycles; and risks of securities class action litigation. By their nature, these statements are subject to numerous risks and uncertainties, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. Such risks and uncertainties are described in the "Risk Factors" of our most recent Form 10-K, most recent Form 10-Q, and subsequent filings with the Securities and Exchange Commission. Although our management believes that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward- looking statements will be achieved or occur. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update these forward- looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events. Certain information contained in this presentation and statements made orally during this presentation relate to or are based on studies, publications, surveys and other data obtained from third-party sources and SentinelOne's own internal estimates and research. While SentinelOne believes these third-party studies, publications, surveys and other data to be reliable as of the date of this presentation, it has not independently verified, and makes no representations as to the adequacy, fairness, accuracy or completeness of, any information obtained from third-party sources. In addition, no independent source has evaluated the reasonableness or accuracy of SentinelOne's internal estimates or research and no reliance should be made on any information or statements made in this presentation relating to or based on such internal estimates and research.

------

![](s-q3fy26earningspresenta003.jpg)

3 Financial Information Use of Non-GAAP Financial Measures In addition to our results determined in accordance with U.S. generally accepted accounting principles ("GAAP"), we believe non-GAAP measures used in this presentation, such as non-GAAP Gross Margin, non-GAAP Operating Margin, non-GAAP Net Income Margin, and Free Cash Flow Margin, are useful in evaluating our operating performance. We use such non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Other companies, including companies in our industry, may calculate similarly titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. In addition, the utility of Free Cash Flow Margin as a measure of our liquidity is limited as it does not represent the total increase or decrease in our cash balance for a given period. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our business. Please see the appendix included at the end of this presentation for a discussion of non- GAAP financial measures and a reconciliation of historical non-GAAP measures to historical GAAP measures. Our Fiscal Year Our fiscal year end is January 31, and our fiscal quarters end on April 30, July 31, October 31 and January 31.

------

![](s-q3fy26earningspresenta004.jpg)

4 Q3 FY26 Results Note: All financial figures are non-GAAP as of Q3 FY26. All metrics are compared to the third quarter of fiscal year 2025 unless otherwise noted. Fiscal year ends January 31. See Appendix for definition of metrics and a reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. 23% ARR Growth $1,055M 20% Growth in Customers $100K+ ARR ~50% Emerging Products % of Quarterly Bookings 79% Gross Margin 7% Operating Margin Nearly 1,200 bps Improvement (Y/Y) Top-Tier Growth and Margin Improvement Record ARR per Customer ~50% of bookings from emerging products, supported by triple-digit growth of Singularity Data Acquired Observo AI, a Leading AI-native Data Pipeline Platform Delivering Top-Tier Growth While Driving Operating Leverage 23% Revenue Growth $259M

------

![](s-q3fy26earningspresenta005.jpg)

------

![](s-q3fy26earningspresenta006.jpg)

6 Observo AI at a Glance Challenge: Manage resources and data Security data volumes are growing rapidly while resources are flat, leading to blind spots, inefficiencies, and high costs. Solution: Observo AI Observo AI pipelines enrich and filter data in real-time, cutting volume by up to 80%, reducing costs, and ensuring only high- fidelity, actionable data reaches the system. Synergistic Technology With Observo AI, SentinelOne becomes an AI-native data platform that fixes the data problem at its source – not just another SIEM. Immediate Value and Outcomes Customers have seen a 50%+ cost savings in Infrastructure & SIEM costs and a ~40% reduction in incident resolution time on average. Strategic Importance Observo AI Use Cases Competitive Landscape Grid SIEM Migration or Renewal Security Tool Evaluation and Onboarding Data Enrichment and Threat Intel Feeds Data Lake and Tiering Strategy Data Normalization and Schematization Multi-Destination Data Routing Data Optimization and Cost Reduction Compliance and Long-term Archival PII Masking and Data Cleansing acquired acquired

------

![](s-q3fy26earningspresenta007.jpg)

7 7 Observo.AI 50%+ Savings in SIEM Costs\* ~40% More efficient investigations ~55% Faster to remediate security threats\* \*Customer outcomes may vary based customer's unique environment Observo AI: a category-defining data streaming platform for AI-native telemetry pipeline management

------

![](s-q3fy26earningspresenta008.jpg)

8 Prompt Security at a Glance • Challenge: Secure Adoption of GenAI 'Adopt GenAI safely' across LLMs, AI assistants, and agentic tools — aligned with the most urgent needs • Solution: Prompt Security A pioneer in securing generative AI in runtime, preventing AI-related data leakage and intelligent agents • Differentiated Technology Designed to protect organizations from the risks introduced by widespread and uncontrolled AI usage • Gain Visibility and Control Ensure safe and responsible AI adoption without slowing innovation — a natural extension of the Singularity Platform to lead in the critical growth area of cybersecurity Strategic Importance Control, Enable, and Secure GenAI Adoption and Usage Competitive Landscape Grid Employees Secure browser AI usage (ChatGPT, Gemini, Grok, etc.) Developers … desktop applications (Github, Claude, Cursor, etc.) Homegrown AI Apps … Prompt AI Firewall Agentic AI … Model Context Protocol (MCP) usage

------

![](s-q3fy26earningspresenta009.jpg)

Singularity Platform & Market Opportunity

------

![](s-q3fy26earningspresenta010.jpg)

10 Autonomous Security for the Future AI on Device + Cloud Unified data platform Technology that scales people Machine-built context + response Automations reduce mean time to respond & recovery Tech Assisting People Cloud Based Monitoring People powered; technology assisted Data intensive "haystack" telemetry Reactive responses; Complex recovery People Driving Tech Signatures People powered Lacks scale and coverage Rarely finds advanced attacks Old / Legacy

------

![](s-q3fy26earningspresenta011.jpg)

11 AI-Powered Cybersecurity First to AI/ML Reinvented legacy antivirus (AV) and endpoint security with machine learning (ML). Behavioral AI AI-powered detections, investigations, and response. Industry Leader 24-patents in AI security. Forbes 50 AI company in 2020. Purple AI The first security company to launch a generative-AI Security Analyst assistant. Autonomous Security Unified Defense, Outpace Threats, and Enhance Security Operations. 2010—2020 2020—2025 2025+

------

![](s-q3fy26earningspresenta012.jpg)

------

![](s-q3fy26earningspresenta013.jpg)

------

![](s-q3fy26earningspresenta014.jpg)

14 Singularity Platform Solution Categories AI & Automation • EPP, EDR, XDR • Remote Ops Forensics • Binary Vault • Device Control • Ransomware Protection/Rollback Endpoint • CWP • CNAPP • CSPM • CIEM • AI-SPM • CDR • CDS Cloud • NEW: Data Pipeline and Enrichment (via Observo AI) • AI SIEM (next-gen SIEM) • Hyperautomation (next-gen SOAR) • Data and Security Analytics • Data Storage and Retention • Log Management • Marketplace Integrations Data • Identity Threat Detection & Response (ITDR) • Identity Posture Management • Identity for Identity Providers Identity • Extended Security Posture Management (xSPM) • Vulnerability Management • Network Discovery Exposure Management • NEW: Wayfinder (AI + Human Intelligence) • PinnacleOne: Strategic Advisory • Risk Analysis and Management • Singularity MDR • Vigilance MDR • WatchTower • Threat Intelligence Threat Services AI and Hyperautomation Covering a Broad Range of Distinct Cybersecurity Capabilities Across Multiple Solution Categories Unified Data Lake Singularity Marketplace Integrations • NEW: Gen-AI Security and Compliance (via Prompt Security) • Visibility across Native and Third-Party Data • Natural Language Engagement • Query Recommendations • Hunting Quickstarts & Notebooks • Auto-Investigations • Auto-Triage • Workflow automation

------

![](s-q3fy26earningspresenta015.jpg)

15 Vast, Growing, and Diverse Total Addressable Market At the Intersection of Data, Security and AI $100B+ Total Addressable Market 2025 Market Forecasts\* Cloud Security $12B Data Analytics $31B Endpoint Security $17B Generative AI Security $3B $50B+ • Identity Security • Exposure Management • Managed Detection and Response • Data Protection • Threat Intelligence Source: IDC and company estimates. See appendix.

------

![](s-q3fy26earningspresenta016.jpg)

16 Partner Ecosystem Scales Market Presence VARs, DistributorsFederal MSSPs, MSPs Hyperscalers, OEMs Winning Together Cyber Insurers Incident Response Leader in MSSP Ecosystem Extending scale and reach through Hyperscalers and OEM relationships SentinelOne Risk Assurance Initiative FedRAMP High Authorized for Endpoint, AI-SIEM, Purple AI, CNAPP, and Hyperautomation Partnering with a majority of Incident Response providers Expanding Partnerships

------

![](s-q3fy26earningspresenta017.jpg)

Recognized Technology Leadership Industry Accolades & Recognitions

------

![](s-q3fy26earningspresenta018.jpg)

18 Leader G2 Grid® for Cloud-Native Application Protection Platform (CNAPP), Highest Rated 4.9 out of 5 FedRAMP High Authorized for Endpoint, AI-SIEM, Purple AI, CNAPP, and Hyperautomation A Leader in Frost Radar A Growth and Innovation Leader in 2025 Frost & Sullivan Radar for Endpoint, MDR and CWPP A Leader in the 2025 Gartner® Magic Quadrant for Endpoint Protection Platforms for 5th consecutive year Enterprise Evaluation 100% Protection & Detection, and Zero Delays or Configuration Changes 95%+ Would Recommend SentinelOne Trusted and Industry Proven Gartner® Peer Insights: EPP (based on 480 reviews, 95%, as of Apr 2024) MDR (based on 214 reviews, 95%, as of Sep 2024) CNAPP (based on 201 reviews, 98%, as of Oct 2024). Gartner®, Magic Quadrant for Endpoint Protection Platforms, Evgeny Mirolyubov et al., 23 September 2024. Gartner®, Peer Insights , Voice of the Customer for Managed Detection and Response, Peer Contributors, 28 November 2024. Gartner®, Peer Insights , Voice of the Customer for Endpoint Protection Platforms, Peer Contributors, 28 June 2024. Gartner®, Peer Insights , Voice of the Customer for Cloud-Native Application Protection Platforms, Peer Contributors, 27 December 2024 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT and PEER INSIGHTS is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the "Gartner Content") represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this Earnings Presentation), and the opinions expressed in the Gartner Content are subject to change without notice. Gartner® Peer Insights Voice of the Customer Customer's Choice XDR (based on 144 reviews, 97%, Jan 2025) CNAPP (based on 201 reviews, 98%, Oct 2024) MDR (based on 214 reviews, 95%, Sep 2024)

------

![](s-q3fy26earningspresenta019.jpg)

19Produced by IDC Custom Solutions \| IDC #US53337725 \| Research by Christopher Kissel, Matthew Marden. This IDC material is licensed for external use and in no way does the use or publication of IDC research indicate IDC's endorsement of the sponsor's or licensee's products or strategies.©2025 IDC. Reproduction is forbidden unless authorized. All rights reserved. CCPA The Business Value of Purple AI IDC's study demonstrates how SentinelOne's Purple AI enables organizations to enhance their security operations by providing natural language processing capabilities, automated summarization for event logs, and suggested investigation questions. As a result, interviewed SentinelOne customers achieve meaningful reductions in security-related risk and efficiencies for their security and threat investigation team. 338% Three-year return on investment 55% Faster to remediate security threat KEY RESULTS 60% Reduced likelihood of major security event

------

![](s-q3fy26earningspresenta020.jpg)

20 Top Participating Endpoint Security Market Leaders Signal to Noise Ratio Alerts SentinelOne Palo Alto Microsoft Sophos Trend Micro 0 100 200 300 400 500 600 700 800 900 71 319 577 15,705 64,804 100% Detection Accuracy 16 steps + 16 substeps detected 100% Technique Highest detection fidelity possible, delivered across macOS, Linux, and Windows 100% Real-Time Zero delays 88% Less Noise Fewer alerts than the median across all vendors 2024 MITRE ATT&CK® Evaluations

------

![](s-q3fy26earningspresenta021.jpg)

21 2025 Gartner® Magic Quadrant for Endpoint Protection Platforms A Leader for the 5th Consecutive Year Gartner, Magic Quadrant for Endpoint Protection Platforms, Evgeny Mirolyubov, Franz Hinner, Deepak Mishra, 14, July 2025 This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from SentinelOne. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

------

![](s-q3fy26earningspresenta022.jpg)

22 Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents. The Growth and Innovation Leader in the 2025 Frost & Sullivan Radar for Endpoint Recognized as the Best Performing Vendor Frost Radar : Endpoint Security

------

![](s-q3fy26earningspresenta023.jpg)

23 2024 Gartner® Customers' Choice for Cloud-Native Application Protection Platforms (CNAPP) Received 98% "Willingness to Recommend" Rating from User Reviews Gartner, Voice of the Customer for Cloud-Native Application Protection Platforms, By Peer Contributors, 27 December 2024 GARTNER is a registered trademark and service mark, PEER INSIGHTS is a registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

------

![](s-q3fy26earningspresenta024.jpg)

24Source: SentinelOne, SC Media Best Endpoint Security and Cloud Security at 2025 SC Awards

------

![](s-q3fy26earningspresenta025.jpg)

25 Best-in-class Portfolio Across Security, AI and Data Alumni Acquired by Cisco Acquired by Rubrik Acquired by Rapid7 Acquired by Kela

------

![](s-q3fy26earningspresenta026.jpg)

26 A Culture Built on Trust Our Values Trust \| Accountability \| Ingenuity \| OneSentinel \| Relentlessness \| Community

------

![](s-q3fy26earningspresenta027.jpg)

Q3 FY2026 Financial Overview

------

![](s-q3fy26earningspresenta028.jpg)

28 $211 $226 $229 $242 $259 $- $50 $10 $150 $20 $250 $30 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 $860 $920 $948 $1,001 $1,055 $20 $30 $40 $50 $60 $70 $80 $90 $1,00 $1,10 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q3 FY26 ARR & Revenue Growth Annualized Recurring Revenue (ARR) (in millions) 23% (y/y) Growth in Q3 FY26 Revenue (in millions) 23% (y/y) Growth in Q3 FY26 Quarterly Results Exceeded Guidance on Both Top and Bottom-line Top-Tier Growth Profile, Outperformed Expectations Reported Revenue Met or Exceeded Guidance

------

![](s-q3fy26earningspresenta029.jpg)

29 Enterprise Customers Have Adopted 4+ Solution Categories Customer Growth in the prior 24-Months Enterprise Customers Have Adopted 3+ Solution Categories Customer Growth in the prior 24-Months 1,310 1,411 1,459 1,513 1,572 0 20 40 60 80 100 1200 1400 1600 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Customers with ARR of $100K or More 20% (y/y) Growth in Q3 FY26 Customer Growth & Platform Momentum Note: Enterprise customers consist of organizations with 1,000 or more employees. Enterprise Platform Adoption for Year Ending FY2025 ~40% 3X ~20% 4X

------

![](s-q3fy26earningspresenta030.jpg)

30 Q3 FY26 Margin Expansion Best-in-class gross margin profile Gross Margin % (non-GAAP) 80% 79% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Q3 FY25 Q3 FY26 Record operating margin profitability Operating Margin % (non-GAAP) -5.1% 6.8% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% Q3 FY25 Q3 FY26 Record quarterly net income margin Net Income Margin % (non-GAAP) Breakeven 9.6% 0.0% 2.0% 4.0% 6.0% 8.0% 10. 0% 12. 0% Q3 FY25 Q3 FY26 Record TTM Free Cash Flow Margin Free Cash Flow Margin % (Trailing-Twelve Months, TTM) 0.7% 4.7% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% Q3 FY25 Q3 FY26 Focused on Operational Excellence, Driving Continued Margin Expansion Note: All financial figures are non-GAAP as of Q3 FY26. All metrics are compared to the third quarter of fiscal year 2025 unless otherwise noted. Fiscal year ends January 31. See Appendix for definition of metrics and a reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP.

------

![](s-q3fy26earningspresenta031.jpg)

31 Guidance Guidance Assumptions: Revenue: FY26 full-year outlook reflects an approximate 1% impact from the end-of-sale of the Hologram (deception) solution Gross Margin: Q4 and FY26 outlook incorporates strategic investments in cloud infrastructure and capacity expansion Operating Margin: FY26 outlook includes an est. impact of ~120 bps from FX, ~70 bps from the Prompt Security acquisition, and ~60 bps from the Observo AI acquisition Q4 FY26 Full Year FY26 $1,001 Million 22% Growth (y/y) 78.5% 3% $271 Million 20% Growth (y/y) 77.5% 5% Revenue Gross Margin (Non-GAAP) Operating Margin (Non-GAAP) Note: See Appendix for definition of metrics and a reconciliation of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP.

------

![](s-q3fy26earningspresenta032.jpg)

Appendix

------

![](s-q3fy26earningspresenta033.jpg)

33 Appendix Key Business Metrics We monitor the following key metrics to help us evaluate our business, identify trends affecting our business, formulate business plans and make strategic decisions. Annualized Recurring Revenue (ARR) We believe that ARR is a key operating metric to measure our business because it is driven by our ability to acquire new subscription and consumption and usage-based customers, and to maintain and expand our relationship with existing customers. ARR represents the annualized revenue run rate of our subscription and consumption and usage-based agreements at the end of a reporting period, assuming contracts are renewed on their existing terms for customers that are under contracts with us. ARR is not a forecast of future revenue, which can be impacted by contract start and end dates, usage, renewal rates, and other contractual terms. Customers with ARR of $100,000 or More We believe that our ability to increase the number of customers with ARR of $100,000 or more is an indicator of our market penetration and strategic demand for our platform. Definitions Customers: We define a customer as an entity that has an active subscription for access to our platform. We count Managed Service Providers (MSPs), Managed Security Service Providers (MSSPs), Managed Detection & Response firms (MDRs), and Original Equipment Manufacturers (OEMs), who may purchase our products on behalf of multiple companies, as a single customer. We do not count our reseller or distributor channel partners as customers.

------

![](s-q3fy26earningspresenta034.jpg)

34 Appendix (Cont'd) Non-GAAP Gross Margin We define non-GAAP gross margin as GAAP gross margin, excluding stock-based compensation (SBC) expense, employer payroll tax on employee stock transactions, amortization of acquired intangible assets and acquisition-related compensation costs. Non-GAAP Operating Margin We define non-GAAP operating margin as GAAP operating margin, excluding SBC expense, employer payroll tax on employee stock transactions, amortization of acquired intangible assets, acquisition-related compensation costs and restructuring charges. Non-GAAP Net Income, Non-GAAP Net Income Margin and Non-GAAP Net Income per Share, Basic and Diluted We define non-GAAP net income as GAAP net loss excluding SBC expense, employer payroll tax on employee stock transactions, amortization of acquired intangible assets, acquisition-related compensation costs, restructuring charges, gains and losses on strategic investments and provision for (benefit from) income taxes. We define non-GAAP net income per share, basic and diluted, as non-GAAP net income divided by the weighted average common shares outstanding, which includes the effect of dilutive shares applying the treasury stock method. Free Cash Flow Free cash flow is a non-GAAP financial measure that we define free cash flow as cash provided by (used in) operating activities less purchases of property and equipment and capitalized internal-use software costs. We believe free cash flow is a useful indicator of liquidity that provides our management, board of directors, and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives.

------

![](s-q3fy26earningspresenta035.jpg)

35 Appendix (Cont'd) Reports used for data shown in the chart titled 'Vast, Growing, and Diverse Total Addressable Market': CY25 TAM: • IDC Worldwide Corporate Endpoint Security Forecast Update, 2023–2027: Endpoint Security Platformization Propels Robust Growth (January 2024) • IDC Worldwide Threat Intelligence Forecast, 2024–2028: Beyond Reaction—The Rise of Predictive Threat Intelligence (April 2024) • IDC Worldwide Security Information & Event Management Forecast, 2023–2027: In the Face of XDR, Many Organizations Are Still Living in SIEM (August 2023) • IDC Worldwide and U.S. Comprehensive Security Services Forecast, 2024–2028 (April 2024) • Forrester Global AI Software Forecast, 2023–2030 (September 2023) • Company estimates

------

![](s-q3fy26earningspresenta036.jpg)

36 GAAP to Non-GAAP Reconciliation Three Months Ended October 31, Nine Months Ended October 31, 2025 2024 2025 2024 Cost of revenue reconciliation: GAAP cost of revenue $67,851 $53,260 $184,857 $154,096 Stock-based compensation expense (5,644) (5,810) (15,708) (16,243) Employer payroll tax on employee stock transactions (156) (158) (573) (497) Amortization of acquired intangible assets (6,414) (4,195) (14,668) (13,861) Acquisition-related compensation (11) (38) (48) (350) Non-GAAP cost of revenue $55,626 $43,059 $153,860 $123,145 Gross profit reconciliation: GAAP gross profit $191,062 $157,388 $545,268 $441,844 Stock-based compensation expense 5,644 5,810 15,708 16,243 Employer payroll tax on employee stock transactions 156 158 573 497 Amortization of acquired intangible assets 6,414 4,195 14,668 13,861 Acquisition-related compensation 11 38 48 350 Non-GAAP gross profit $203,287 $167,589 $576,265 $472,795 Gross margin reconciliation: GAAP gross margin 74 % 75 % 75 % 74 % Stock-based compensation expense 2 % 3 % 2 % 3 % Employer payroll tax on employee stock transactions — % — % — % — % Amortization of acquired intangible assets 2 % 2 % 2 % 2 % Acquisition-related compensation — % — % — % — % Non-GAAP gross margin\* 79 % 80 % 79 % 79 %

------

![](s-q3fy26earningspresenta037.jpg)

37 GAAP to Non-GAAP Reconciliation Three Months Ended October 31, Nine Months Ended October 31, 2025 2024 2025 2024 Research and development expense reconciliation: GAAP research and development expense $83,146 $70,453 $234,490 $192,376 Stock-based compensation expense (24,952) (22,816) (70,182) (61,092) Employer payroll tax on employee stock transactions (205) (164) (947) (775) Acquisition-related compensation (1,308) (790) (2,649) (2,366) Non-GAAP research and development expense $56,681 $46,683 $160,712 $128,143 Sales and marketing expense reconciliation: GAAP sales and marketing expense $126,562 $123,713 $388,322 $359,160 Stock-based compensation expense (22,483) (18,612) (66,736) (55,568) Employer payroll tax on employee stock transactions (597) (290) (1,776) (1,583) Amortization of acquired intangible assets (2,420) (2,253) (6,853) (6,710) Acquisition-related compensation (514) (27) (539) (100) Non-GAAP sales and marketing expense $100,548 $102,531 $312,418 $295,199 General and administrative expense reconciliation: GAAP general and administrative expense $51,494 $52,342 $151,647 $139,409 Stock-based compensation expense (22,809) (22,950) (65,837) (60,515) Employer payroll tax on employee stock transactions (296) (335) (1,793) (1,318) Acquisition-related compensation — (1) — (1) Non-GAAP general and administrative expense $28,389 $29,056 $84,017 $77,575

------

![](s-q3fy26earningspresenta038.jpg)

38 GAAP to Non-GAAP Reconciliation Three Months Ended October 31, Nine Months Ended October 31, 2025 2024 2025 2024 Restructuring expense reconciliation: GAAP restructuring expense $3,171 $— $12,221 $— Stock-based compensation 547 — 583 — Restructuring charges (3,718) — (12,804) — Non-GAAP restructuring expense $— $— $— $— Operating loss reconciliation: GAAP operating loss $(73,311) $(89,120) $(241,412) $(249,101) Stock-based compensation expense 75,341 70,188 217,880 193,418 Employer payroll tax on employee stock transactions 1,254 947 5,089 4,173 Amortization of acquired intangible assets 8,834 6,448 21,521 20,571 Acquisition-related compensation 1,833 856 3,236 2,817 Restructuring charges 3,718 — 12,804 — Non-GAAP operating income (loss) $17,669 $(10,681) $19,118 $(28,122) Operating margin reconciliation: GAAP operating margin (28) % (42) % (33) % (42) % Stock-based compensation expense 29 % 33 % 30 % 32 % Employer payroll tax on employee stock transactions — % — % 1 % 1 % Amortization of acquired intangible assets 3 % 3 % 3 % 3 % Acquisition-related compensation 1 % — % — % — % Restructuring charges 1 % — % 2 % — % Non-GAAP operating margin\* 7 % (5)% 3 % (5)%

------

![](s-q3fy26earningspresenta039.jpg)

39 GAAP to Non-GAAP Reconciliation Three Months Ended October 31, Nine Months Ended October 31, 2025 2024 2025 2024 Net income (loss) reconciliation: GAAP net loss $(60,291) $(78,364) $(340,503) $(217,653) Stock-based compensation expense 75,341 70,188 217,880 193,418 Employer payroll tax on employee stock transactions 1,254 947 5,089 4,173 Amortization of acquired intangible assets 8,834 6,448 21,521 20,571 Acquisition-related compensation 1,833 856 3,236 2,817 Restructuring charges 3,718 — 12,804 — Net gain on strategic investments (532) — (1,324) (345) Provision for (benefit from) income taxes (5,366) — 125,917 — Non-GAAP net income $24,791 $75 $44,620 $2,981 Net income (loss) margin reconciliation: GAAP net loss margin (23) % (37) % (47) % (37) % Stock-based compensation 29 % 33 % 30 % 32 % Employer payroll tax on employee stock transactions — % — % 1 % 1 % Amortization of acquired intangible assets 3 % 3 % 3 % 3 % Acquisition-related compensation 1 % — % — % — % Restructuring charges 1 % — % 2 % — % Net gain on strategic investments — % — % — % — % Provision for (benefit from) income taxes (2)% — % 17 % — % Non-GAAP net income margin\* 10 % — % 6 % 1 %

------

![](s-q3fy26earningspresenta040.jpg)

40 GAAP to Non-GAAP Reconciliation Three Months Ended October 31, Nine Months Ended October 31, 2025 2024 2025 2024 GAAP basic and diluted shares 332,732,831 316,987,303 328,516,203 312,583,956 Dilutive shares under the treasury stock method 8,113,721 18,066,319 9,512,966 19,385,520 Non-GAAP diluted shares 340,846,552 335,053,622 338,029,169 331,969,476 Diluted EPS reconciliation: GAAP net loss per share, basic and diluted $(0.18) $(0.25) $(1.04) $(0.70) Stock-based compensation expense 0.22 0.21 0.64 0.58 Employer payroll tax on employee stock transactions — — 0.02 0.01 Amortization of acquired intangible assets 0.03 0.02 0.06 0.06 Acquisition-related compensation 0.01 — 0.01 0.01 Restructuring charges 0.01 — 0.04 — Net gain on strategic investments — — — — Provision for (benefit from) income taxes (0.02) — 0.37 — Adjustment to fully diluted earnings per share (1) — 0.02 0.03 0.05 Non-GAAP net income per share, diluted $0.07 $— $0.13 $0.01 \*Certain figures may not sum due to rounding. (1) For periods in which we had diluted non-GAAP net income per share, the sum of the impact of individual reconciling items may not total to diluted non-GAAP net income per share because the basic share counts used to calculate GAAP net loss per share differ from the diluted share counts used to calculate non-GAAP net income per share, and because of rounding differences. The GAAP net loss per share calculation uses a lower share count as it excludes dilutive shares which are included in calculating the non-GAAP net income per share.

------

![](s-q3fy26earningspresenta041.jpg)

41 Selected Cash Flow Information Three Months Ended October 31, Nine Months Ended October 31, 2025 2024 2025 2024 Reconciliation of cash provided by (used in) operating activities to free cash flow: GAAP net cash provided by (used in) operating activities $21,014 $(7,174) $72,245 $37,129 Less: Purchases of property and equipment (109) (227) (519) (1,666) Less: Capitalized internal-use software (5,001) (5,251) (17,526) (19,795) Free cash flow $15,904 $(12,652) $54,200 $15,668 Net cash (used in) provided by investing activities $(90,426) $29,723 $(24,784) $(85,898) Net cash (used in) provided by financing activities $(47,868) $10,075 $(76,267) $31,667 Operating cash flow margin 8 % (3)% 10 % 6 % Free cash flow margin 6 % (6)% 7 % 3 %

------

![](s-q3fy26earningspresenta042.jpg)

------