10-Q Filing

SENTINELONE, INC. CIK: 1583708 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001583708-23-000035`
Period End Date	20230430
Filing Date	20230601
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	s-20230430_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 36 Cash Flow Statement 70 Stockholders Equity 18 Comprehensive Income 6

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.94M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$150.10M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$485.58M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$568.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$151.49M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$128.22M	USD	Point-in-time
Deferred contract acquisition costs, current	`CapitalizedContractCostNetCurrent`	$37.90M	USD	Point-in-time
Deferred contract acquisition costs, current	`CapitalizedContractCostNetCurrent`	$39.43M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$99.66M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$101.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$914.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$985.53M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$41.03M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.74M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$23.05M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$23.56M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$535.42M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$423.88M	USD	Point-in-time
Deferred contract acquisition costs, non-current	`CapitalizedContractCostNetNoncurrent`	$55.54M	USD	Point-in-time
Deferred contract acquisition costs, non-current	`CapitalizedContractCostNetNoncurrent`	$55.36M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$145.09M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$138.28M	USD	Point-in-time
Goodwill	`Goodwill`	$540.31M	USD	Point-in-time
Goodwill	`Goodwill`	$540.31M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.52M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.34M	USD	Point-in-time
Total assets	`Assets`	$2.21B	USD	Point-in-time
Total assets	`Assets`	$2.26B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.21M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$100.02M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$101.41M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$54.95M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$43.99M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$3.90M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$4.51M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$303.20M	USD	Point-in-time
Deferred revenue, current	`ContractWithCustomerLiabilityCurrent`	$309.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$473.28M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$472.93M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$103.06M	USD	Point-in-time
Deferred revenue, non-current	`ContractWithCustomerLiabilityNoncurrent`	$98.69M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$23.08M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$21.97M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.79M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$2.02M	USD	Point-in-time
Total liabilities	`Liabilities`	$602.21M	USD	Point-in-time
Total liabilities	`Liabilities`	$595.61M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.73B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.66B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.37M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.00B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.11B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.62B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.60B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.66B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.21B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.26B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$78.25M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$133.39M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$27.14M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$42.58M	USD	1 Quarter
Gross profit	`GrossProfit`	$90.81M	USD	1 Quarter
Gross profit	`GrossProfit`	$51.12M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$55.26M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$45.88M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$99.17M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$60.64M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$51.75M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.89M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$206.19M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$141.41M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-115.38M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-90.30M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.09M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$607.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-291.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-359.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-89.50M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-105.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.06M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$329.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-106.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-89.83M	USD	1 Quarter
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)	`EarningsPerShareBasic`	$-0.33	USD	1 Quarter
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)	`EarningsPerShareBasic`	$-0.37	USD	1 Quarter
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.37	USD	1 Quarter
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	`EarningsPerShareDiluted`	$-0.33	USD	1 Quarter
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	288.30M	shares	1 Quarter
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	269.59M	shares	1 Quarter
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	288.30M	shares	1 Quarter
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	269.59M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-106.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-89.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.12M	USD	1 Quarter
Amortization of deferred contract acquisition costs	`CapitalizedContractCostAmortization`	$7.97M	USD	1 Quarter
Amortization of deferred contract acquisition costs	`CapitalizedContractCostAmortization`	$10.74M	USD	1 Quarter
Non-cash operating lease costs	`NoncashOperatingLeaseCost`	$682.00K	USD	1 Quarter
Non-cash operating lease costs	`NoncashOperatingLeaseCost`	$943.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$55.55M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$31.63M	USD	1 Quarter
Loss on investments, accretion of discounts, and amortization of premiums on investments, net	`GainLossOnInvestmentsAndAccretionAmortizationOfDiscountsAndPremiumsInvestments`	$198.00K	USD	1 Quarter
Loss on investments, accretion of discounts, and amortization of premiums on investments, net	`GainLossOnInvestmentsAndAccretionAmortizationOfDiscountsAndPremiumsInvestments`	$5.17M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-939.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-486.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-23.58M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-14.78M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.21M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.24M	USD	1 Quarter
Deferred contract acquisition costs	`IncreaseDecreaseDeferredContractAcquisitionCosts`	$9.35M	USD	1 Quarter
Deferred contract acquisition costs	`IncreaseDecreaseDeferredContractAcquisitionCosts`	$12.09M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.13M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$190.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.39M	USD	1 Quarter
Accrued payroll and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-10.92M	USD	1 Quarter
Accrued payroll and benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-21.48M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.33M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-1.11M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$13.63M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.24M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-767.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$1.50M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.06M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-49.35M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.81M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$462.00K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$152.00K	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$173.00K	USD	1 Quarter
Capitalization of internal-use software	`PaymentsToDevelopSoftware`	$2.57M	USD	1 Quarter
Capitalization of internal-use software	`PaymentsToDevelopSoftware`	$2.91M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$150.64M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$852.99M	USD	1 Quarter
Sales and maturities of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$185.30M	USD	1 Quarter
Sales and maturities of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$31.11M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-858.52M	USD	1 Quarter
Payments of deferred offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Payments of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$186.00K	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$5.09M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$9.76M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.76M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.90M	USD	1 Quarter
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$12.81M	USD	1 Quarter
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-902.97M	USD	1 Quarter
CASH, CASH EQUIVALENTS, AND RESTRICTED CASHBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$215.22M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASHBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$769.08M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASHBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$202.41M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASHBeginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.67B	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASHEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$215.22M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASHEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$769.08M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASHEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$202.41M	USD	Point-in-time
CASH, CASH EQUIVALENTS, AND RESTRICTED CASHEnd of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.67B	USD	Point-in-time
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$-184.00K	USD	1 Quarter
Income taxes paid, net of refunds	`IncomeTaxesPaidNet`	$148.00K	USD	1 Quarter
Stock-based compensation capitalized as internal-use software	`StockBasedCompensationCapitalizedAsInternalUseSoftware`	$1.22M	USD	1 Quarter
Stock-based compensation capitalized as internal-use software	`StockBasedCompensationCapitalizedAsInternalUseSoftware`	$787.00K	USD	1 Quarter
Property and equipment purchased but not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Property and equipment purchased but not yet paid	`CapitalExpendituresIncurredButNotYetPaid`	$1.28M	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedStockOptions`	$49.00K	USD	1 Quarter
Vesting of early exercised stock options	`VestingOfEarlyExercisedStockOptions`	$18.00K	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period	`StockholdersEquity`	$1.62B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$1.60B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$1.66B	USD	Point-in-time
Balance, beginning of period	`StockholdersEquity`	$1.65B	USD	Point-in-time
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$5.09M	USD	1 Quarter
Issuance of common stock upon exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$9.76M	USD	1 Quarter
Vesting of early exercised stock options	`AdjustmentsToAdditionalPaidInCapitalEarlyExercisedOptionsVested`	$18.00K	USD	1 Quarter
Vesting of early exercised stock options	`AdjustmentsToAdditionalPaidInCapitalEarlyExercisedOptionsVested`	$49.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$56.77M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$32.42M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$754.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.24M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-106.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-89.83M	USD	1 Quarter
Balance, end of period	`StockholdersEquity`	$1.62B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$1.60B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$1.66B	USD	Point-in-time
Balance, end of period	`StockholdersEquity`	$1.65B	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-106.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-89.83M	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$754.00K	USD	1 Quarter
Change in unrealized losses on investments	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-1.24M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-106.11M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-91.07M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.