SentinelOne(NYSE:S) 
SentinelOne, Inc. is an American cybersecurity company listed on NYSE based in Mountain View, California. The company was founded in 2013 by Tomer Weingarten, Almog Cohen and Ehud Shamir. Weingarten acts as the company's CEO. Nicholas Warner is the company's COO.
Website: https://www.sentinelone.com/
Founded: 2013
IPO Price: $35 (Jun 30, 2021)
Full Time Employees: 2,100 (Jan 2023)
CEO / Co-Founder: Tomer Weingarten
Sector: Communication Services
Industry: Telecom Services
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
- AI-Powered Endpoint & XDR Security: SentinelOne offers an autonomous cybersecurity platform that leverages AI to protect endpoints, cloud workloads, and identities, evolving from EDR to a comprehensive XDR solution.
- Strong Growth in a Competitive Market: Positioned as a key innovator in the cybersecurity space, SentinelOne consistently demonstrates strong customer acquisition and revenue growth, competing with established players like CrowdStrike and Microsoft.
- Focus on Financial Efficiency and Path to Profitability: While historically prioritizing market share, the company is increasingly focused on improving its free cash flow and operating margins, signaling a strategic shift towards sustainable growth and profitability.
- Autonomous Protection with a Single Agent: A core differentiator is its single, lightweight agent that provides autonomous, real-time protection and remediation across diverse environments without requiring constant human intervention, reducing operational overhead for customers.
Bull Thesis:
- AI-Native Autonomous Platform Advantage: SentinelOne's core strength lies in its AI-driven, autonomous XDR platform, which offers superior threat detection and response capabilities with minimal human intervention. This technology provides a scalable and efficient security solution, differentiating it from competitors reliant on human-intensive SOC models and positioning it well for the evolving threat landscape.
- Strong Revenue Growth and Market Share Gains: SentinelOne has consistently demonstrated high revenue growth rates, indicating successful market penetration and an ability to capture market share in the rapidly expanding cybersecurity market. This growth suggests strong product-market fit and increasing customer adoption across various enterprise segments.
- Expanding Product Portfolio and Total Addressable Market (TAM): Beyond its foundational EDR capabilities, SentinelOne is strategically expanding its platform into broader XDR, identity security (e.g., Ping acquisition), and cloud security. This expansion creates a more comprehensive security offering, increases its total addressable market, and enhances cross-selling opportunities, driving future growth.
- Improving Unit Economics and Path to Profitability: While not yet profitable, SentinelOne has shown improving gross margins and a commitment to operational efficiency. The company is demonstrating a clear trajectory towards reducing cash burn and achieving positive free cash flow and profitability in the coming periods, which could be a significant catalyst for investor confidence.
Bear Thesis:
- Intense Competition and Potential Pricing Pressure: SentinelOne operates in a highly competitive cybersecurity market, facing strong rivals like CrowdStrike, Microsoft, Palo Alto Networks, and Zscaler. This intense competition could lead to pricing pressure, increased customer acquisition costs, and slower market share gains, impacting future revenue growth and profitability.
- Persistent Negative Free Cash Flow and Profitability Concerns: Despite strong revenue growth, SentinelOne continues to report negative free cash flow and has yet to achieve sustainable profitability. Investors remain concerned about the company's ability to generate positive cash flow and demonstrate a clear, accelerated path to profitability, especially in a higher interest rate environment.
- High Sales & Marketing Expenses Relative to Revenue: To fuel its rapid growth, SentinelOne incurs significant sales and marketing expenses, which consume a large portion of its revenue. While necessary for market penetration, this high spend impacts operating leverage and delays the company's path to profitability, raising questions about the efficiency of its growth strategy.
- Macroeconomic Headwinds Impacting Enterprise Spending: A slowdown in global economic growth or corporate IT spending could negatively impact SentinelOne's ability to acquire new customers and expand existing contracts. Enterprises might defer or reduce security investments, leading to slower revenue growth and increased pressure on sales cycles.
Main Competitors:
- CrowdStrike ($CRWD) (Falcon Platform (Endpoint Security, Cloud Security, Identity Protection)), The most direct and significant competitor, offering a cloud-native, AI-driven platform for endpoint protection, EDR, XDR, and cloud workload security. Both companies frequently compete head-to-head for enterprise customers, with CrowdStrike often seen as the market leader in this space.
- Microsoft ($MSFT) (Microsoft Defender for Endpoint, Microsoft 365 Defender (XDR)), A formidable competitor, especially for organizations heavily invested in the Microsoft ecosystem. Defender for Endpoint provides robust EDR capabilities, and Microsoft 365 Defender offers a broader XDR solution, often bundled with other enterprise licenses, leveraging deep OS and cloud integration.
- Palo Alto Networks ($PANW) (Cortex XDR, Prisma Cloud), Competes with SentinelOne through its Cortex XDR platform, which unifies endpoint, network, and cloud security. Palo Alto Networks leverages its extensive portfolio of enterprise security products (firewalls, cloud security) to offer integrated, comprehensive security solutions to large enterprises.
- Broadcom (formerly VMware Carbon Black) ($AVGO) (Carbon Black Cloud (Endpoint Standard, Enterprise EDR, Workload Protection)), Competes in the EPP, EDR, and cloud workload protection markets. Carbon Black's cloud-native platform offers advanced threat prevention, detection, and response, targeting similar enterprise segments as SentinelOne, though its strategic direction under Broadcom is evolving.
Moat:
SentinelOne operates in a highly competitive cybersecurity market, primarily in the Endpoint Protection (EPP), Endpoint Detection and Response (EDR), and Extended Detection and Response (XDR) segments. Its core moat lies in its AI-driven, autonomous platform designed for real-time threat prevention and response with minimal human intervention, aiming for operational efficiency and reduced analyst fatigue. Competition is fierce, characterized by rapid innovation, a strong push towards platform consolidation (XDR), and the leveraging of existing enterprise ecosystems by larger players like Microsoft. Key competitors like CrowdStrike and Palo Alto Networks offer comprehensive, often overlapping, security suites, while Broadcom (Carbon Black) continues to vie for market share. Differentiating factors often come down to performance, ease of use, integration capabilities, total cost of ownership, and the ability to provide comprehensive coverage across diverse IT environments.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 258,913,000 | 242,183,000 | 229,029,000 | 225,521,000 | 210,648,000 | 198,937,000 | 186,355,000 | 174,175,000 | 164,165,000 | 149,421,000 | 133,393,000 | 126,096,000 | 115,323,000 | 102,505,000 | 78,255,000 | 65,636,000 | 56,018,000 | 45,750,000 |
yoy | 22.91% | 21.74% | 22.90% | 29.48% | 28.31% | 33.14% | 39.70% | 38.13% | 42.35% | 45.77% | 70.46% | 92.11% | 105.87% | 124.05% | ||||
qoq | 6.91% | 5.74% | 1.56% | 7.06% | 5.89% | 6.75% | 6.99% | 6.10% | 9.87% | 12.02% | 5.79% | 9.34% | 12.50% | 30.99% | 19.23% | 17.17% | 22.44% | |
cost of revenue | 67,851,000 | 60,474,000 | 56,532,000 | 57,010,000 | 53,260,000 | 50,699,000 | 50,137,000 | 48,266,000 | 43,765,000 | 44,667,000 | 42,583,000 | 39,771,000 | 41,006,000 | 36,261,000 | 27,139,000 | 24,249,000 | 20,357,000 | 18,788,000 |
gross profit | 191,062,000 | 181,709,000 | 172,497,000 | 168,511,000 | 157,388,000 | 148,238,000 | 136,218,000 | 125,909,000 | 120,400,000 | 104,754,000 | 90,810,000 | 86,325,000 | 74,317,000 | 66,244,000 | 51,116,000 | 41,387,000 | 35,661,000 | 26,962,000 |
yoy | 21.40% | 22.58% | 26.63% | 33.84% | 30.72% | 41.51% | 50.00% | 45.85% | 62.01% | 58.13% | 77.65% | 108.58% | 108.40% | 145.69% | ||||
qoq | 5.15% | 5.34% | 2.37% | 7.07% | 6.17% | 8.82% | 8.19% | 4.58% | 14.94% | 15.36% | 5.20% | 16.16% | 12.19% | 29.60% | 23.51% | 16.06% | 32.26% | |
gross margin % | 73.79% | 75.03% | 75.32% | 74.72% | 74.72% | 74.52% | 73.10% | 72.29% | 73.34% | 70.11% | 68.08% | 68.46% | 64.44% | 64.63% | 65.32% | 63.06% | 63.66% | 58.93% |
operating expenses: | ||||||||||||||||||
research and development | 83,146,000 | 79,091,000 | 72,253,000 | 74,626,000 | 70,453,000 | 63,602,000 | 58,321,000 | 56,446,000 | 52,306,000 | 54,161,000 | 55,263,000 | 53,904,000 | 52,234,000 | 54,989,000 | 45,881,000 | 42,644,000 | 34,773,000 | 31,037,000 |
sales and marketing | 126,562,000 | 127,879,000 | 133,881,000 | 128,065,000 | 123,713,000 | 119,617,000 | 115,830,000 | 101,478,000 | 98,249,000 | 98,262,000 | 99,171,000 | 87,254,000 | 83,953,000 | 79,000,000 | 60,641,000 | 42,115,000 | 41,311,000 | 40,970,000 |
general and administrative | 51,494,000 | 51,474,000 | 48,679,000 | 46,078,000 | 52,342,000 | 44,400,000 | 42,667,000 | 46,822,000 | 51,239,000 | 48,433,000 | 51,753,000 | 45,197,000 | 42,188,000 | 40,447,000 | 34,890,000 | 27,719,000 | 26,951,000 | 22,110,000 |
restructuring | 3,171,000 | 3,883,000 | 5,167,000 | 2,377,000 | 74,000 | 4,255,000 | ||||||||||||
total operating expenses | 264,373,000 | 262,327,000 | 259,980,000 | 248,769,000 | 246,508,000 | 227,619,000 | 216,818,000 | 207,123,000 | 201,868,000 | 205,111,000 | 206,187,000 | 186,355,000 | 178,375,000 | 174,436,000 | 141,412,000 | 112,478,000 | 103,035,000 | 94,117,000 |
income from operations | -73,311,000 | -80,618,000 | -87,483,000 | -80,258,000 | -89,120,000 | -79,381,000 | -80,600,000 | -81,214,000 | -81,468,000 | -100,357,000 | -115,377,000 | -100,030,000 | -104,058,000 | -108,192,000 | -90,296,000 | -71,091,000 | -67,374,000 | -67,155,000 |
yoy | -17.74% | 1.56% | 8.54% | -1.18% | 9.39% | -20.90% | -30.14% | -18.81% | -21.71% | -7.24% | 27.78% | 40.71% | 54.45% | 61.11% | ||||
qoq | -9.06% | -7.85% | 9.00% | -9.94% | 12.27% | -1.51% | -0.76% | -0.31% | -18.82% | -13.02% | 15.34% | -3.87% | -3.82% | 19.82% | 27.01% | 5.52% | 0.33% | |
operating margin % | -28.31% | -33.29% | -38.20% | -35.59% | -42.31% | -39.90% | -43.25% | -46.63% | -49.63% | -67.16% | -86.49% | -79.33% | -90.23% | -105.55% | -115.39% | -108.31% | -120.27% | -146.79% |
interest income | 10,381,000 | 12,196,000 | 12,290,000 | 12,469,000 | 12,696,000 | 12,853,000 | 12,082,000 | 11,979,000 | 11,877,000 | 11,489,000 | 10,535,000 | 9,906,000 | 7,193,000 | 3,222,000 | 1,087,000 | 59,000 | 99,000 | 21,000 |
other income | -520,000 | -327,000 | 492,000 | -1,339,000 | -378,000 | -421,000 | -737,000 | 605,000 | 427,000 | -291,000 | -259,000 | -1,055,000 | -373,000 | |||||
income before income taxes | -63,450,000 | -68,749,000 | -74,701,000 | -69,189,000 | -76,840,000 | -66,985,000 | -68,593,000 | -69,975,000 | -68,987,000 | -88,064,000 | -105,808,000 | -91,377,000 | -98,259,000 | |||||
provision for income taxes | -3,159,000 | 3,270,000 | 133,492,000 | 1,599,000 | 1,524,000 | 2,199,000 | 1,512,000 | 2,007,000 | 1,317,000 | 1,474,000 | 1,061,000 | 2,303,000 | 599,000 | -8,844,000 | 329,000 | 416,000 | 262,000 | 177,000 |
net income | -60,291,000 | -72,019,000 | -208,193,000 | -70,788,000 | -78,364,000 | -69,184,000 | -70,105,000 | -71,982,000 | -70,304,000 | -89,538,000 | -106,869,000 | -93,680,000 | -98,858,000 | -96,306,000 | -89,834,000 | -71,709,000 | -68,595,000 | -68,163,000 |
yoy | -23.06% | 4.10% | 196.97% | -1.66% | 11.46% | -22.73% | -34.40% | -23.16% | -28.88% | -7.03% | 18.96% | 30.64% | 44.12% | 41.29% | ||||
qoq | -16.28% | -65.41% | 194.11% | -9.67% | 13.27% | -1.31% | -2.61% | 2.39% | -21.48% | -16.22% | 14.08% | -5.24% | 2.65% | 7.20% | 25.28% | 4.54% | 0.63% | |
net income margin % | -23.29% | -29.74% | -90.90% | -31.39% | -37.20% | -34.78% | -37.62% | -41.33% | -42.83% | -59.92% | -80.12% | -74.29% | -85.72% | -93.95% | -114.80% | -109.25% | -122.45% | -148.99% |
net income per share | -0.18 | -0.22 | -0.63 | -0.22 | -0.25 | -0.22 | -0.23 | -0.24 | -0.24 | -0.31 | -0.37 | -0.33 | -0.35 | -0.35 | -0.33 | -0.17 | -0.26 | -0.57 |
weighted-average shares used for eps calculation | 332,732,831 | 330,938,421 | 327,976,349 | 314,811,783 | 316,987,303 | 312,615,531 | 309,547,693 | 294,923,536 | 296,650,848 | 293,170,401 | 288,300,705 | 277,802,861 | 280,635,022 | 277,417,227 | 269,594,565 | 174,051,203 | 262,999,535 | 120,520,061 |
interest expense | -61,000 | -38,000 | -36,000 | -36,000 | -3,000 | -1,000 | -605,000 | -607,000 | -605,000 | -613,000 | -607,000 | -5,000 | -2,000 | -3,000 | -479,000 | |||
other expense | -39,000 | 1,409,000 | -359,000 | -648,000 | -781,000 | |||||||||||||
income before provision for income taxes | -105,150,000 | -89,505,000 | -71,293,000 | -68,333,000 | -67,986,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||
current assets: | ||||||||||||||||||
cash and cash equivalents | 150,206,000 | 278,005,000 | 188,624,000 | 186,574,000 | 235,742,000 | 205,898,000 | 198,716,000 | 256,651,000 | 127,340,000 | 133,065,000 | 150,099,000 | 137,941,000 | 210,472,000 | 269,493,000 | 766,101,000 | 1,669,304,000 | 1,664,866,000 | 1,684,702,000 |
short-term investments | 499,640,000 | 532,818,000 | 578,294,000 | 535,331,000 | 424,517,000 | 502,274,000 | 574,488,000 | 669,305,000 | 670,632,000 | 598,531,000 | 568,128,000 | 485,584,000 | 490,812,000 | 949,883,000 | 851,418,000 | 374,000 | 378,000 | 370,000 |
accounts receivable | 198,756,000 | 179,332,000 | 155,010,000 | 236,012,000 | 164,603,000 | 155,148,000 | 133,773,000 | 214,322,000 | 133,828,000 | 124,525,000 | 128,216,000 | 151,492,000 | 119,365,000 | 106,380,000 | 86,871,000 | 101,491,000 | 68,913,000 | 53,318,000 |
deferred contract acquisition costs, current | 67,696,000 | 65,402,000 | 64,408,000 | 64,782,000 | 60,272,000 | 57,355,000 | 55,385,000 | 54,158,000 | 45,853,000 | 42,825,000 | 39,428,000 | 37,904,000 | 33,666,000 | 30,894,000 | 26,261,000 | 27,546,000 | 20,451,000 | 17,564,000 |
prepaid expenses and other current assets | 40,664,000 | 37,141,000 | 44,262,000 | 47,023,000 | 105,857,000 | 100,601,000 | 103,577,000 | 102,895,000 | 91,770,000 | 95,815,000 | 99,662,000 | 101,812,000 | 98,186,000 | 33,348,000 | 24,849,000 | 18,939,000 | 18,286,000 | 26,145,000 |
total current assets | 956,962,000 | 1,092,698,000 | 1,030,598,000 | 1,069,722,000 | 990,991,000 | 1,021,276,000 | 1,065,939,000 | 1,297,331,000 | 1,069,423,000 | 994,761,000 | 985,533,000 | 914,733,000 | 952,501,000 | 1,389,998,000 | 1,755,500,000 | 1,817,654,000 | 1,772,894,000 | 1,782,099,000 |
property and equipment | 80,306,000 | 79,227,000 | 75,989,000 | 71,774,000 | 68,125,000 | 64,257,000 | 57,052,000 | 48,817,000 | 46,015,000 | 43,878,000 | 41,026,000 | 38,741,000 | 36,377,000 | 33,031,000 | 29,083,000 | 24,918,000 | 23,686,000 | 18,892,000 |
long-term investments | 223,779,000 | 347,009,000 | 439,772,000 | 419,367,000 | 463,542,000 | 417,161,000 | 336,469,000 | 204,798,000 | 325,164,000 | 410,307,000 | 423,884,000 | 535,422,000 | 456,722,000 | |||||
deferred contract acquisition costs, non-current | 86,126,000 | 83,271,000 | 81,824,000 | 85,322,000 | 77,362,000 | 72,091,000 | 70,335,000 | 71,640,000 | 60,178,000 | 58,624,000 | 55,364,000 | 55,536,000 | 47,194,000 | 44,429,000 | 43,679,000 | 41,022,000 | 30,107,000 | 26,500,000 |
intangible assets | 140,409,000 | 94,272,000 | 100,794,000 | 107,155,000 | 113,729,000 | 120,307,000 | 126,842,000 | 122,903,000 | 127,151,000 | 131,127,000 | 138,284,000 | 145,093,000 | 152,334,000 | 159,677,000 | 15,130,000 | 15,807,000 | 16,376,000 | 16,705,000 |
goodwill | 911,778,000 | 629,636,000 | 629,636,000 | 629,636,000 | 629,636,000 | 629,636,000 | 629,636,000 | 549,411,000 | 540,308,000 | 540,308,000 | 540,308,000 | 540,308,000 | 540,308,000 | 540,308,000 | 108,193,000 | 108,193,000 | 108,193,000 | 108,193,000 |
other assets | 32,609,000 | 24,371,000 | 25,338,000 | 23,649,000 | 7,051,000 | 5,856,000 | 5,941,000 | 8,033,000 | 6,659,000 | 6,177,000 | 5,341,000 | 5,516,000 | 4,978,000 | 8,174,000 | 11,132,000 | 10,703,000 | 5,401,000 | |
total assets | 2,431,969,000 | 2,350,484,000 | 2,383,951,000 | 2,406,625,000 | 2,367,020,000 | 2,347,119,000 | 2,309,730,000 | 2,321,407,000 | 2,195,867,000 | 2,207,197,000 | 2,212,785,000 | 2,258,913,000 | 2,214,681,000 | 2,265,094,000 | 1,988,448,000 | 2,042,181,000 | 1,980,994,000 | 1,976,564,000 |
liabilities and stockholders’ equity | ||||||||||||||||||
current liabilities: | ||||||||||||||||||
accounts payable | 9,634,000 | 9,725,000 | 21,572,000 | 8,159,000 | 9,706,000 | 6,746,000 | 9,202,000 | 6,759,000 | 13,793,000 | 13,840,000 | 13,215,000 | 11,214,000 | 6,592,000 | 14,469,000 | 13,925,000 | 9,944,000 | 7,486,000 | 9,615,000 |
accrued payroll and benefits | 73,201,000 | 66,548,000 | 63,203,000 | 79,612,000 | 69,624,000 | 63,681,000 | 55,429,000 | 74,345,000 | 52,777,000 | 50,393,000 | 43,990,000 | 54,955,000 | 43,459,000 | 38,576,000 | 39,654,000 | 61,150,000 | 39,472,000 | 26,583,000 |
deferred revenue, current | 480,996,000 | 457,221,000 | 453,563,000 | 470,127,000 | 400,515,000 | 399,536,000 | 391,254,000 | 399,603,000 | 327,941,000 | 325,019,000 | 309,806,000 | 303,200,000 | 255,501,000 | 244,207,000 | 196,385,000 | 182,957,000 | 139,393,000 | 121,883,000 |
accrued expenses and other current liabilities | 63,794,000 | |||||||||||||||||
total current liabilities | 627,625,000 | 596,776,000 | 588,928,000 | 613,553,000 | 607,483,000 | 587,908,000 | 566,048,000 | 590,067,000 | 498,826,000 | 498,372,000 | 472,927,000 | 473,279,000 | 404,835,000 | 333,169,000 | 276,709,000 | 281,321,000 | 205,212,000 | 173,198,000 |
deferred revenue, non-current | 88,470,000 | 89,586,000 | 91,793,000 | 102,017,000 | 97,526,000 | 103,086,000 | 101,843,000 | 114,930,000 | 94,631,000 | 96,343,000 | 98,692,000 | 103,062,000 | 98,873,000 | 100,844,000 | 79,259,000 | 79,062,000 | 67,520,000 | 62,701,000 |
other liabilities | 165,952,000 | 156,336,000 | 156,688,000 | 21,808,000 | 7,513,000 | 6,941,000 | 9,455,000 | 4,128,000 | 3,089,000 | 2,644,000 | 2,020,000 | 2,788,000 | 5,080,000 | 66,004,000 | 8,039,000 | 6,543,000 | 4,070,000 | 3,249,000 |
total liabilities | 882,047,000 | 842,698,000 | 837,409,000 | 737,378,000 | 727,497,000 | 713,432,000 | 694,110,000 | 727,364,000 | 615,038,000 | 617,878,000 | 595,611,000 | 602,208,000 | 532,494,000 | 525,278,000 | 391,206,000 | 391,393,000 | 302,048,000 | 260,596,000 |
commitments and contingencies | ||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||
preferred stock, 0.0001 par value... | ||||||||||||||||||
class a common stock; 0.0001 par value... | 33,000 | 32,000 | 32,000 | 31,000 | 29,000 | 29,000 | 29,000 | 27,000 | 25,000 | 24,000 | 21,000 | 21,000 | 20,000 | 20,000 | 19,000 | 16,000 | 11,000 | 4,000 |
class b common stock; 0.0001 par value... | 1,000 | 1,000 | 1,000 | 1,000 | 3,000 | 3,000 | 3,000 | 3,000 | 5,000 | 5,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 11,000 | 6,000 | 13,000 |
additional paid-in capital | 3,515,181,000 | 3,414,117,000 | 3,378,134,000 | 3,294,542,000 | 3,193,601,000 | 3,110,843,000 | 3,027,530,000 | 2,934,607,000 | 2,855,205,000 | 2,795,019,000 | 2,729,978,000 | 2,663,394,000 | 2,599,279,000 | 2,549,614,000 | 2,309,505,000 | 2,271,980,000 | 2,228,438,000 | 2,196,865,000 |
accumulated other comprehensive income | 2,695,000 | 1,333,000 | 4,053,000 | 2,158,000 | 2,587,000 | 1,145,000 | -6,367,000 | -10,449,000 | -2,013,000 | -783,000 | 454,000 | 455,000 | 455,000 | |||||
accumulated deficit | -1,967,988,000 | -1,907,697,000 | -1,835,678,000 | -1,627,485,000 | -1,556,697,000 | -1,478,333,000 | -1,409,149,000 | -1,339,044,000 | -1,267,062,000 | -1,196,758,000 | -1,107,220,000 | -1,000,351,000 | -906,671,000 | -807,813,000 | -711,507,000 | -621,673,000 | -549,964,000 | -481,369,000 |
total stockholders’ equity | 1,549,922,000 | 1,507,786,000 | 1,546,542,000 | 1,669,247,000 | 1,639,523,000 | 1,633,687,000 | 1,615,620,000 | 1,594,043,000 | 1,580,829,000 | 1,589,319,000 | 1,617,174,000 | 1,656,705,000 | 1,682,187,000 | 1,739,816,000 | 1,597,242,000 | 1,650,788,000 | 1,678,946,000 | 1,715,968,000 |
total liabilities and stockholders’ equity | 2,431,969,000 | 2,350,484,000 | 2,383,951,000 | 2,406,625,000 | 2,367,020,000 | 2,347,119,000 | 2,309,730,000 | 2,321,407,000 | 2,195,867,000 | 2,207,197,000 | 2,212,785,000 | 2,258,913,000 | 2,214,681,000 | 2,265,094,000 | 1,988,448,000 | |||
other current liabilities | 63,282,000 | 50,590,000 | 55,655,000 | |||||||||||||||
preferred stock; 0.0001 par value... | ||||||||||||||||||
operating lease right-of-use assets | 16,584,000 | 16,535,000 | 17,516,000 | 18,474,000 | 20,969,000 | 22,015,000 | 23,045,000 | 23,564,000 | 24,267,000 | 25,270,000 | 25,731,000 | 23,884,000 | 24,337,000 | 21,453,000 | ||||
accrued liabilities | 122,518,000 | 113,315,000 | 105,481,000 | 104,671,000 | 99,867,000 | 104,483,000 | 101,408,000 | 100,015,000 | 95,283,000 | 31,913,000 | 23,820,000 | 22,657,000 | 14,477,000 | 11,141,000 | ||||
operating lease liabilities, current | 5,120,000 | 4,630,000 | 4,682,000 | 4,689,000 | 4,448,000 | 4,637,000 | 4,508,000 | 3,895,000 | 4,000,000 | 4,004,000 | 2,925,000 | 4,613,000 | 4,384,000 | 3,976,000 | ||||
operating lease liabilities, non-current | 14,975,000 | 15,497,000 | 16,764,000 | 18,239,000 | 18,492,000 | 20,519,000 | 21,972,000 | 23,079,000 | 23,706,000 | 25,261,000 | 27,199,000 | 24,467,000 | 25,246,000 | 21,448,000 | ||||
accumulated other comprehensive loss | -2,793,000 | -1,550,000 | -7,344,000 | -8,971,000 | -5,613,000 | |||||||||||||
restricted cash, non-current | 64,207,000 | 2,722,000 | ||||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ equity | ||||||||||||||||||
long-term debt | ||||||||||||||||||
redeemable convertible preferred stock; 0.0001 par value... | ||||||||||||||||||
stockholders’ equity | ||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity | 2,042,181,000 | 1,980,994,000 | 1,976,564,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flow from operating activities: | |||||||||||||||||
net loss | -60,291,000 | -72,019,000 | -208,193,000 | -70,788,000 | -78,364,000 | -69,184,000 | -70,105,000 | -71,982,000 | -70,304,000 | -89,538,000 | -106,869,000 | -93,680,000 | -98,858,000 | -96,306,000 | -89,834,000 | -71,709,000 | -68,595,000 |
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||
depreciation and amortization | 14,933,000 | 12,269,000 | 10,848,000 | 10,941,000 | 10,715,000 | 10,419,000 | 10,691,000 | 10,363,000 | 9,926,000 | 9,508,000 | 9,115,000 | 9,624,000 | 9,303,000 | 8,692,000 | 2,102,000 | 2,047,000 | 2,225,000 |
amortization of deferred contract acquisition costs | 19,530,000 | 18,897,000 | 18,610,000 | 18,343,000 | 17,045,000 | 15,968,000 | 15,284,000 | 13,983,000 | 12,436,000 | 11,523,000 | 10,740,000 | 10,546,000 | -6,661,000 | 24,557,000 | 7,975,000 | 7,119,000 | 5,464,000 |
non-cash operating lease costs | 1,030,000 | 1,024,000 | 1,096,000 | 1,098,000 | 1,042,000 | 982,000 | 957,000 | 1,010,000 | 1,037,000 | 1,030,000 | 943,000 | 1,012,000 | 938,000 | 927,000 | 682,000 | 682,000 | 772,000 |
stock-based compensation expense | 75,341,000 | 73,884,000 | 68,655,000 | 74,113,000 | 70,188,000 | 64,677,000 | 58,553,000 | 53,562,000 | 54,913,000 | 52,846,000 | 55,549,000 | 46,148,000 | 45,687,000 | 41,001,000 | 31,630,000 | 25,696,000 | 27,363,000 |
accretion of discounts, and amortization of premiums on investments | -1,342,000 | -2,076,000 | -2,780,000 | -3,628,000 | -3,654,000 | ||||||||||||
asset impairment charges | 29,000 | 5,000 | 2,171,000 | ||||||||||||||
other | -834,000 | -269,000 | 549,000 | 955,000 | -1,585,000 | 336,000 | 1,551,000 | 4,000,000 | -138,000 | -164,000 | 939,000 | 4,879,000 | -4,447,000 | -1,907,000 | 288,000 | -1,305,000 | 744,000 |
changes in operating assets and liabilities, net of effects of acquisitions | |||||||||||||||||
accounts receivable | -18,092,000 | -24,171,000 | 80,580,000 | -71,154,000 | -9,278,000 | -21,653,000 | 80,911,000 | -80,795,000 | -9,080,000 | 4,343,000 | 23,583,000 | -31,743,000 | -13,179,000 | -14,299,000 | 14,779,000 | -32,760,000 | -15,983,000 |
prepaid expenses and other assets | -1,921,000 | 7,374,000 | -4,215,000 | -4,241,000 | -2,955,000 | 5,038,000 | 3,904,000 | 3,784,000 | 3,054,000 | 3,237,000 | -1,921,000 | -3,943,000 | -5,208,000 | ||||
deferred contract acquisition costs | -24,680,000 | -21,338,000 | -14,738,000 | -30,813,000 | -25,232,000 | -19,694,000 | -15,207,000 | -33,750,000 | -17,017,000 | -18,181,000 | -12,091,000 | -23,126,000 | 1,124,000 | -29,940,000 | -9,347,000 | -25,129,000 | -11,959,000 |
accounts payable | -235,000 | -11,855,000 | 13,402,000 | -1,570,000 | 2,965,000 | -2,358,000 | 2,368,000 | -6,434,000 | 891,000 | -83,000 | 1,127,000 | 5,047,000 | -7,471,000 | 1,015,000 | 5,079,000 | 3,582,000 | -550,000 |
accrued expenses and other liabilities | |||||||||||||||||
accrued payroll and benefits | 5,948,000 | 3,345,000 | -16,408,000 | 9,988,000 | 5,943,000 | 8,252,000 | -18,897,000 | 21,138,000 | 2,395,000 | 6,524,000 | -10,917,000 | 11,581,000 | 4,883,000 | -2,191,000 | -21,478,000 | 21,688,000 | 12,910,000 |
operating lease liabilities | -1,058,000 | -928,000 | -1,191,000 | -1,029,000 | -1,125,000 | -1,319,000 | -1,481,000 | 240,000 | -2,216,000 | -1,324,000 | -1,110,000 | -1,024,000 | -1,559,000 | -1,407,000 | -1,330,000 | -851,000 | -369,000 |
deferred revenue | 21,346,000 | 1,451,000 | -26,788,000 | 74,103,000 | -4,580,000 | 9,525,000 | -22,108,000 | 91,886,000 | 1,210,000 | 12,864,000 | 2,237,000 | 51,887,000 | 9,324,000 | 17,659,000 | 13,626,000 | 55,105,000 | 22,330,000 |
net cash from operating activities | 21,014,000 | -1,043,000 | 52,274,000 | -3,401,000 | -7,174,000 | 2,300,000 | 42,003,000 | -6,182,000 | -22,230,000 | -11,903,000 | -28,059,000 | -22,069,000 | -59,741,000 | -62,126,000 | -49,351,000 | -5,585,000 | -17,212,000 |
capital expenditures | -5,110,000 | -6,105,000 | -6,830,000 | -5,520,000 | -5,478,000 | -7,736,000 | -8,247,000 | -4,456,000 | -4,145,000 | -3,285,000 | -3,374,000 | -3,299,000 | -4,977,000 | -4,747,000 | -5,382,000 | -1,491,000 | -3,464,000 |
free cash flows | 15,904,000 | -7,148,000 | 45,444,000 | -8,921,000 | -12,652,000 | -5,436,000 | 33,756,000 | -10,638,000 | -26,375,000 | -15,188,000 | -31,433,000 | -25,368,000 | -64,718,000 | -66,873,000 | -54,733,000 | -7,076,000 | -20,676,000 |
cash flow from investing activities: | |||||||||||||||||
purchases of property and equipment | -109,000 | -264,000 | -146,000 | -194,000 | -227,000 | -553,000 | -886,000 | -187,000 | -623,000 | -32,000 | -462,000 | -126,000 | -726,000 | -1,293,000 | -2,808,000 | -385,000 | -1,583,000 |
purchases of intangible assets | -36,000 | -79,000 | -21,000 | -6,000 | -16,000 | -60,000 | -73,000 | -69,000 | -3,223,000 | -40,000 | -173,000 | -160,000 | -53,000 | -42,000 | -152,000 | -282,000 | |
capitalization of internal-use software | -5,001,000 | -5,841,000 | -6,684,000 | -5,326,000 | -5,251,000 | -7,183,000 | -7,361,000 | -4,269,000 | -3,522,000 | -3,253,000 | -2,912,000 | -3,173,000 | -4,251,000 | -3,454,000 | -2,574,000 | -1,106,000 | -1,881,000 |
purchases of investments | -25,457,000 | -40,832,000 | -167,258,000 | -206,884,000 | -154,985,000 | -195,664,000 | -246,965,000 | -3,714,000 | -112,123,000 | -199,777,000 | -150,639,000 | -209,845,000 | -852,991,000 | ||||
proceeds from sales, maturities and return of capital of investments | 184,897,000 | ||||||||||||||||
cash paid for acquisitions, net of cash acquired | 0 | ||||||||||||||||
net cash from investing activities | -90,426,000 | 131,234,000 | -65,592,000 | -132,499,000 | 29,723,000 | -9,357,000 | -106,264,000 | 113,029,000 | 12,853,000 | -16,402,000 | 31,110,000 | -66,674,000 | -2,888,000 | -384,579,000 | -858,525,000 | -7,773,000 | -3,984,000 |
cash flow from financing activities: | |||||||||||||||||
repurchases of common stock | -49,249,000 | ||||||||||||||||
repurchase of early exercised stock options | 0 | 0 | 0 | -21,000 | |||||||||||||
proceeds from exercise of stock options | 1,381,000 | 2,952,000 | 12,277,000 | 10,518,000 | 10,075,000 | 6,259,000 | 6,554,000 | 10,951,000 | 3,521,000 | 4,083,000 | 9,762,000 | 6,053,000 | 2,900,000 | 3,292,000 | 5,090,000 | 5,992,000 | 2,803,000 |
proceeds from issuance of common stock under the employee stock purchase plan | 0 | 13,700,000 | 0 | 12,731,000 | 0 | 10,477,000 | 0 | ||||||||||
net cash from financing activities | -47,868,000 | -40,676,000 | 12,277,000 | 24,218,000 | 10,075,000 | 15,059,000 | 6,533,000 | 23,682,000 | 3,521,000 | 10,499,000 | 9,762,000 | 16,530,000 | 2,900,000 | 11,974,000 | 4,904,000 | 17,348,000 | 454,000 |
net change in cash, cash equivalents, and restricted cash | -117,280,000 | 89,515,000 | -1,041,000 | -111,682,000 | 32,624,000 | 8,002,000 | -57,728,000 | 130,529,000 | -5,856,000 | -17,806,000 | 12,813,000 | -72,213,000 | -59,729,000 | -434,731,000 | -902,972,000 | ||
cash, cash equivalents, and restricted cash–beginning of period | 0 | 0 | 193,302,000 | 0 | 0 | 0 | 322,086,000 | 0 | 0 | 0 | 202,406,000 | 0 | 0 | 0 | 1,672,051,000 | 0 | 0 |
cash, cash equivalents, and restricted cash–end of period | -117,280,000 | 89,515,000 | 192,261,000 | -111,682,000 | 32,624,000 | 8,002,000 | 264,358,000 | 130,529,000 | -5,856,000 | -17,806,000 | 215,219,000 | -72,213,000 | -59,729,000 | -434,731,000 | 769,079,000 | 3,990,000 | -20,742,000 |
supplemental disclosure of cash flow information: | |||||||||||||||||
income taxes paid, net of refunds | 1,904,000 | 1,637,000 | 286,000 | 1,839,000 | 2,534,000 | 976,000 | 1,492,000 | 2,090,000 | 2,044,000 | 829,000 | 148,000 | ||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||
stock-based compensation capitalized as internal-use software | 1,951,000 | 2,775,000 | 2,660,000 | 2,610,000 | 2,495,000 | 3,578,000 | 4,078,000 | 2,149,000 | 1,744,000 | 1,576,000 | 1,224,000 | 1,352,000 | 1,078,000 | 803,000 | 787,000 | 499,000 | 1,398,000 |
property and equipment purchased but not yet paid | -8,000 | -85,000 | 137,000 | -78,000 | 99,000 | -105,000 | 147,000 | 20,000 | -447,000 | -2,000 | -631,000 | -441,000 | 1,277,000 | 470,000 | 350,000 | ||
issuance of common stock and assumed equity awards in connection with acquisitions | |||||||||||||||||
accrued and other liabilities | |||||||||||||||||
accrued liabilities and other liabilities | 130,676,000 | ||||||||||||||||
sales and maturities of investments | 108,517,000 | 142,195,000 | 190,202,000 | 194,103,000 | 210,574,000 | 134,853,000 | 132,344,000 | 186,700,000 | 185,296,000 | ||||||||
changes in operating assets and liabilities, net of effects of acquisitions: | |||||||||||||||||
cash paid for acquisitions, net of cash and restricted cash acquired | |||||||||||||||||
payments of deferred offering costs | 0 | 0 | 0 | -186,000 | 0 | -2,348,000 | |||||||||||
interest paid | 0 | 9,000 | 3,000 | 5,000 | 3,000 | 3,000 | |||||||||||
vesting of early exercised stock options | 8,000 | 9,000 | 120,000 | 49,000 | 0 | 0 | 18,000 | 22,000 | |||||||||
loss on disposal of assets | |||||||||||||||||
accretion of discounts and amortization of premiums on investments | -3,116,000 | ||||||||||||||||
net gain on strategic investments | 0 | 3,000 | |||||||||||||||
accrued liabilities | 9,110,000 | 7,962,000 | -2,515,000 | 4,491,000 | -4,606,000 | 2,994,000 | 1,392,000 | 4,715,000 | -3,887,000 | 3,958,000 | 190,000 | 8,180,000 | 3,341,000 | ||||
other liabilities | 572,000 | -2,514,000 | 1,725,000 | 1,039,000 | 445,000 | 623,000 | -767,000 | -2,291,000 | 6,983,000 | -9,942,000 | 1,495,000 | 2,473,000 | 821,000 | ||||
internal-use software capitalized but not yet paid | -43,000 | ||||||||||||||||
patents capitalized but not yet paid | |||||||||||||||||
changes in operating assets and liabilities, net of effects of acquisition | |||||||||||||||||
cash paid for acquisition, net of cash acquired | -61,553,000 | ||||||||||||||||
prepaid expenses and other current assets | |||||||||||||||||
repayment of debt | 0 | ||||||||||||||||
proceeds from initial public offering and private placement, net of underwriting discounts and commissions | 0 | -1,000 | |||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 0 | 0 | |||||||||||||||
deferred offering costs accrued but not yet paid | -2,349,000 | ||||||||||||||||
cash paid for acquisition, net of cash and restricted cash acquired | 0 | 0 | 0 | ||||||||||||||
issuance of common stock and assumed equity awards in connection with acquisition | 0 | 0 | |||||||||||||||
loss on investments, accretion of discounts, and amortization of premiums on investments | -5,922,000 | -5,167,000 | |||||||||||||||
gain on strategic investments | |||||||||||||||||
maturities of investments | 146,630,000 | ||||||||||||||||
proceeds from issuance of series e redeemable convertible preferred stock, net of issuance costs | |||||||||||||||||
proceeds from issuance of series f redeemable convertible preferred stock, net of issuance costs | |||||||||||||||||
proceeds from revolving line of credit | |||||||||||||||||
proceeds from exercise of warrants | |||||||||||||||||
income taxes paid | 427,000 | 82,000 | |||||||||||||||
conversion of redeemable convertible preferred stock to common stock upon initial public offering | 0 | ||||||||||||||||
purchases of short-term investments | |||||||||||||||||
maturities of short-term investments | |||||||||||||||||
income taxes paid (refunded), net of payments | |||||||||||||||||
income taxes refunded, net of payments | -184,000 | ||||||||||||||||
purchases of strategic investments | |||||||||||||||||
proceeds from issuance of series d redeemable convertible preferred stock, net of issuance costs | |||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | 3,990,000 | -20,742,000 | |||||||||||||||
repayment of term loan |