SNYSEServices-Prepackaged SoftwareUS GAAP · USD

SentinelOne, Inc.

SentinelOne is a U.S.-based cybersecurity software company built around its Singularity platform for endpoint, cloud, identity, and data protection. The company sells subscription software and related modules to enterprises, small and medium-sized businesses, and government organizations through direct sales and a global partner ecosystem.

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Revenue1,001m USD
+21.9 %y/y
Operating profit (EBIT)-321m USD
+2.4 %y/y
EBIT margin-32.1%
+8.0 ppy/y
Net income-451m USD
−56.3 %y/y
Free cash flow75.9m USD
+138.2 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-50005001,0001,500m USD2021: 93 m USD2021: EBIT -116 m USD20212022: 205 m USD2022: EBIT -267 m USD20222023: 422 m USD2023: EBIT -403 m USD20232024: 621 m USD2024: EBIT -378 m USD20242025: 821 m USD2025: EBIT -329 m USD20252026: 1,001 m USD2026: EBIT -321 m USD20261,001-321
RevenueOperating profit (EBIT)

Business

Share of revenue
Singularity Platform subscriptions70 %

Core software subscriptions for endpoint, cloud, identity, and data security.

Platform modules and add-on functionality20 %

Additional security modules customers adopt over time to expand coverage.

Consumption and usage-based agreements5 %

Usage-linked software arrangements tied to platform activity and data processing.

Support and related services5 %

Customer support, services, and implementation assistance around the platform.

Customers

SentinelOne sells to organizations of all sizes, including large global enterprises, small and medium-sized businesses, and government customers. Buyers use the platform to protect endpoints, cloud workloads, and broader digital infrastructure, often starting with one use case and then expanding into additional modules over time.

Large enterprises

Buy Singularity for broad endpoint, cloud, and data protection across complex environments.

Small and medium-sized businesses

Buy packaged cybersecurity software for simpler deployment and managed protection.

Government organizations

Buy certified security software for public-sector endpoint and workload defense.

Channel and service partners

MSPs, MSSPs, MDRs, OEMs, and IR firms buy or resell the platform to serve end customers.

Existing customers expanding usage

Buy additional modules and licenses as they extend coverage across more use cases.

Strategy

SentinelOne’s strategy centers on expanding customer adoption of its platform and increasing usage within existing accounts through a land-and-expand model. The company also emphasizes partner-led distribution, product innovation, and AI-enabled security capabilities to broaden its market reach and deepen platform relevance.

Land-and-expand within the installed baseShort term

Higher module adoption increases platform penetration and customer lifetime value.

Broaden partner-led go-to-marketMedium term

Channel and alliance partners extend reach and reduce reliance on direct selling alone.

Invest in platform innovation and AIMedium term

New capabilities help differentiate the platform and support cross-sell into adjacent security use cases.

Expand public-sector and international reachMedium term

Certified offerings and global coverage open additional enterprise and government demand pools.

Geography

Q2/2026

SentinelOne operates globally, with customers in approximately 90 countries and revenue generated both in the U.S. and internationally. The company’s engineering and R&D footprint is concentrated in Israel, India, and the Czech Republic, while headquarters and many commercial functions are in Mountain View, California.

United States61 %
Other countries (US filing)39 %

Share of the revenue the company reports by geography.

Risks

SentinelOne faces adoption, competition, and execution risk because its platform must prove value against incumbent cybersecurity vendors and adjacent security tools. The business is also exposed to macroeconomic and geopolitical uncertainty, partner dependence, and the operational risk of maintaining a cloud-delivered security platform at scale.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Platform reliability and cybersecurity incident risk1Intense competition from established cybersecurity vendors3Uncertain customer adoption and market acceptance2Macro and geopolitical demand risk4Channel and partner execution risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Platform reliability and cybersecurity incident riskImpact: CriticalLikelihood: Medium

    A defect, breach, or interruption could impair customer trust and retention.

    Exposure: Cloud-delivered security operations and endpoint protection

  2. Uncertain customer adoption and market acceptanceImpact: HighLikelihood: High

    Growth depends on convincing buyers to standardize on the platform and expand usage.

    ExposureEndpointCloudBroader cybersecurity platform adoption
  3. Intense competition from established cybersecurity vendorsImpact: HighLikelihood: Medium

    Customers may prefer incumbent security stacks or primary network vendors.

    Exposure: Enterprise and public-sector security software sales

  4. Macro and geopolitical demand riskImpact: MediumLikelihood: High

    Customer budgets, procurement cycles, and regional conditions can delay purchases.

    Exposure: Global enterprise and government demand

  5. Channel and partner execution riskImpact: MediumLikelihood: Medium

    A meaningful portion of sales is fulfilled or influenced by partners.

    ExposureMSPsMSSPsMDRsOEMsResellers

Accounting

Judgemental items
Revenue recognition for subscriptions and usage-based contracts

Contract term, invoicing timing, and service delivery determine when revenue is recorded.

Impact: Affects deferred revenue, current-period revenue, and ARR conversion

Seasonality in fourth-quarter order timing

Customer budget cycles cause more orders and renewals in the fiscal fourth quarter.

Impact: Makes quarterly revenue and bookings less comparable

Capitalized software and acquired intangibles

Development and acquisition-related assets are amortized over time.

Impact: Influences operating expense and future impairment risk

Uncertain tax positions

Tax benefits depend on judgment about whether positions will be sustained.

Impact: Can change tax expense and effective tax rate

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Last updated: 24/09/2026