Is SentinelOne Stock Undervalued?
Cybersecurity major SentinelOne (NYSE:S) has struggled over several years, delivering…
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | $43K | |
| Gross Profit | -- | -- | -- | -- | -$43K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | $2.4M | $16.3M | $26.3M | $70.4M | $168.6M | |
| Selling, General & Admin | $532K | $2.4M | $5.2M | $14.3M | $23.8M | |
| Other Inc / (Exp) | -$368K | -$656K | $4K | $3K | $5K | |
| Operating Expenses | $2.9M | $18.7M | $31.5M | $84.7M | $192.4M | |
| Operating Income | -$2.9M | -$18.7M | -$31.5M | -$84.7M | -$192.4M | |
| Net Interest Expenses | $115K | $27K | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$3.4M | -$19.4M | -$29.8M | -$71.9M | -$177.8M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -$3.4M | -$19.4M | -$29.8M | -$71.9M | -$177.8M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$3.4M | -$19.4M | -$29.8M | -$71.9M | -$177.8M | |
| Basic EPS (Cont. Ops) | -$0.07 | -$0.36 | -$0.73 | -$1.99 | -$3.66 | |
| Diluted EPS (Cont. Ops) | -$0.07 | -$0.36 | -$0.73 | -$1.99 | -$3.66 | |
| Weighted Average Basic Share | $50M | $53.8M | $40.9M | $36.2M | $48.5M | |
| Weighted Average Diluted Share | $50M | $53.8M | $40.9M | $36.2M | $48.5M | |
| EBITDA | -$2.9M | -$18.7M | -$31.5M | -$84.7M | -$192.4M | |
| EBIT | -$2.9M | -$18.7M | -$31.5M | -$84.7M | -$192.4M | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -$2.9M | -$18.7M | -$31.5M | -$84.7M | -$192.4M | |
| Operating Income (Adjusted) | -$2.9M | -$18.7M | -$31.5M | -$84.7M | -$192.4M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | $11K | $15K | |
| Gross Profit | -- | -- | -- | -$11K | -$15K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | $6.1M | $22.5M | $54M | $31.5M | |
| Selling, General & Admin | -- | -- | $3.8M | $6.1M | $9.7M | |
| Other Inc / (Exp) | -- | $4K | -- | -$10K | -- | |
| Operating Expenses | -- | $7.4M | $26.3M | $60.1M | $41.1M | |
| Operating Income | -- | -$7.4M | -$26.3M | -$60.1M | -$41.1M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -$6.7M | -$22.8M | -$56.3M | -$36.9M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -- | -$6.7M | -$22.8M | -$56.3M | -$36.9M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -$6.7M | -$22.8M | -$56.3M | -$36.9M | |
| Basic EPS (Cont. Ops) | -- | -$0.16 | -$0.55 | -$1.13 | -$0.52 | |
| Diluted EPS (Cont. Ops) | -- | -$0.16 | -$0.55 | -$1.13 | -$0.52 | |
| Weighted Average Basic Share | -- | $40.9M | $41.1M | $49.8M | $70.6M | |
| Weighted Average Diluted Share | -- | $40.9M | $41.1M | $49.8M | $70.6M | |
| EBITDA | -- | -$7.4M | -$26.3M | -$60.1M | -$41.1M | |
| EBIT | -- | -$7.4M | -$26.3M | -$60.1M | -$41.1M | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -$7.4M | -$26.3M | -$60.1M | -$41.1M | |
| Operating Income (Adjusted) | -- | -$7.4M | -$26.3M | -$60.1M | -$41.1M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | $28K | $61K | |
| Gross Profit | -- | -- | -- | -$28K | -$61K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | $25M | $54.5M | $147.7M | $152.2M | |
| Selling, General & Admin | -- | $1.4M | $12.5M | $20.7M | $31.9M | |
| Other Inc / (Exp) | -- | $4K | $2K | -$6K | -- | |
| Operating Expenses | -- | $28.6M | $67M | $168.3M | $184M | |
| Operating Income | -- | -$28.6M | -$67M | -$168.3M | -$184.1M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -$27.8M | -$56.6M | -$153.3M | -$171.4M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -- | -- | -$56.6M | -$153.3M | -$171.4M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -$27.8M | -$56.6M | -$153.3M | -$171.4M | |
| Basic EPS (Cont. Ops) | -- | -$0.63 | -$1.38 | -$3.27 | -$2.96 | |
| Diluted EPS (Cont. Ops) | -- | -$0.63 | -$1.38 | -$3.27 | -$2.96 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -- | -$28.6M | -$67M | -$168.3M | -$184M | |
| EBIT | -- | -$28.6M | -$67M | -$168.3M | -$184.1M | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -$28.6M | -$67M | -$168.3M | -$184.1M | |
| Operating Income (Adjusted) | -- | -$28.6M | -$67M | -$168.3M | -$184.1M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | $28K | $46K | |
| Gross Profit | -- | -- | -- | -$28K | -$46K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | $18.4M | $46.7M | $124M | $107.6M | |
| Selling, General & Admin | -- | $884K | $10.3M | $16.6M | $24.7M | |
| Other Inc / (Exp) | -- | $4K | $2K | -$7K | -$3K | |
| Operating Expenses | -- | $21.5M | $56.9M | $140.6M | $132.3M | |
| Operating Income | -- | -$21.5M | -$56.9M | -$140.6M | -$132.3M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -$20.7M | -$47.5M | -$128.9M | -$122.4M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -- | -$20.7M | -$47.5M | -$128.9M | -$122.4M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -$20.7M | -$47.5M | -$128.9M | -$122.4M | |
| Basic EPS (Cont. Ops) | -- | -$0.51 | -$1.16 | -$2.66 | -$1.98 | |
| Diluted EPS (Cont. Ops) | -- | -$0.51 | -$1.16 | -$2.66 | -$1.98 | |
| Weighted Average Basic Share | -- | $122.6M | $122.8M | $144.1M | $189.2M | |
| Weighted Average Diluted Share | -- | $122.6M | $122.8M | $144.1M | $189.2M | |
| EBITDA | -- | -$21.5M | -$56.9M | -$140.6M | -$132.3M | |
| EBIT | -- | -$21.5M | -$56.9M | -$140.6M | -$132.3M | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -$21.5M | -$56.9M | -$140.6M | -$132.3M | |
| Operating Income (Adjusted) | -- | -$21.5M | -$56.9M | -$140.6M | -$132.3M | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $1.4M | $10.7M | $110.1M | $236.6M | $198.2M | |
| Short Term Investments | -- | -- | $22.4M | $187.3M | $84.1M | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | $57K | $510K | $2.7M | $12.5M | $7.2M | |
| Total Current Assets | $1.5M | $11.1M | $112.8M | $249.1M | $205.4M | |
| Property Plant And Equipment | -- | -- | -- | -- | $53K | |
| Long-Term Investments | -- | -- | -- | $2.5M | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | -- | $51K | $499K | |
| Total Assets | $1.5M | $11.1M | $114.4M | $251.6M | $205.9M | |
| Accounts Payable | -- | -- | $1.9M | $601K | $479K | |
| Accrued Expenses | $54K | $4M | $5.5M | $8.3M | $10.6M | |
| Current Portion Of Long-Term Debt | $4.5M | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $5.1M | $5.1M | $8.1M | $10.5M | $14.6M | |
| Long-Term Debt | -- | -- | -- | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $5.1M | $5.1M | $8.1M | $10.5M | $14.6M | |
| Common Stock | $6K | $6K | $1K | $4K | $5K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -$3.6M | -$22.9M | -$52.3M | $241.2M | $191.3M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -$3.6M | $6.1M | $106.4M | $241.2M | $191.3M | |
| Total Liabilities and Equity | $1.5M | $11.1M | $114.4M | $251.6M | $205.9M | |
| Cash and Short Terms | $1.4M | $10.7M | $110.1M | $236.6M | $198.2M | |
| Total Debt | -- | -- | -- | -- | -- | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | $121M | $253.8M | $263.6M | $593.6M | |
| Short Term Investments | -- | $72M | $167.5M | $166.3M | -- | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | $933K | $11.6M | $4.1M | -- | |
| Total Current Assets | -- | $121.9M | $265.4M | $267.7M | $599.8M | |
| Property Plant And Equipment | -- | -- | -- | $69K | $7K | |
| Long-Term Investments | -- | -- | $12.1M | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | $51K | $452K | -- | |
| Total Assets | -- | $122.5M | $277.6M | $268.3M | $599.9M | |
| Accounts Payable | -- | $2.6M | $5.6M | $3.1M | $1.1M | |
| Accrued Expenses | -- | $4.3M | $8M | $26.1M | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | -- | $7.2M | $13.5M | $31.3M | $23.5M | |
| Long-Term Debt | -- | -- | -- | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | $7.2M | $13.5M | $31.3M | $23.5M | |
| Common Stock | -- | $7K | $4K | $5K | $8K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -- | $115.2M | $264M | $236.9M | $576.4M | |
| Total Liabilities and Equity | -- | $122.5M | $277.6M | $268.3M | $599.9M | |
| Cash and Short Terms | -- | $121M | $253.8M | $263.6M | $593.6M | |
| Total Debt | -- | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$3.4M | -$19.4M | -$29.8M | -$71.9M | -$177.8M | |
| Depreciation & Amoritzation | -- | -- | -- | -- | $43K | |
| Stock-Based Compensation | $1K | $80K | $455K | $5.1M | $11.3M | |
| Change in Accounts Receivable | -- | -- | -- | -$355K | $424K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$2.5M | -$14.6M | -$29.2M | -$81.2M | -$166.3M | |
| Capital Expenditures | -- | -- | -- | -- | $96K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -$21.8M | -$160.5M | $115M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $3.9M | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -$435K | |
| Cash From Financing | $3.8M | $23.8M | $128M | $203.2M | $116.1M | |
| Beginning Cash (CF) | $1.4M | $10.7M | $87.7M | $49.3M | $114.1M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $1.4M | $9.3M | $77M | -$38.4M | $64.8M | |
| Ending Cash (CF) | $2.8M | $19.9M | $164.7M | $10.9M | $178.9M | |
| Levered Free Cash Flow | -$2.5M | -$14.6M | -$29.2M | -$81.2M | -$166.4M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -$6.7M | -$22.8M | -$56.3M | -$36.9M | |
| Depreciation & Amoritzation | -- | -- | -- | $11K | $15K | |
| Stock-Based Compensation | -- | $192K | $1.6M | $3.1M | $5.8M | |
| Change in Accounts Receivable | -- | -- | -$219K | $23K | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -$7M | -$19M | -$50.2M | -$28.9M | |
| Capital Expenditures | -- | -- | -- | $37K | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$71.8M | $4M | $79.6M | -$150.5M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -$41K | -- | |
| Cash From Financing | -- | -$561K | $184K | -$1K | $295.2M | |
| Beginning Cash (CF) | -- | $49M | $86.3M | $97.3M | $217.6M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -$79.3M | -$14.8M | $29.4M | $115.8M | |
| Ending Cash (CF) | -- | -$30.4M | $71.5M | $126.7M | $333.4M | |
| Levered Free Cash Flow | -- | -$7M | -$19M | -$50.2M | -$28.9M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -$56.6M | -$153.3M | -$171.4M | |
| Depreciation & Amoritzation | -- | -- | -- | $28K | $61K | |
| Stock-Based Compensation | -- | $237K | $3.8M | $9.7M | $17.2M | |
| Change in Accounts Receivable | -- | -- | -$655K | $626K | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -$62.4M | -$128.5M | -$171.4M | |
| Capital Expenditures | -- | -- | -- | $96K | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -$102.4M | $23.3M | -$202.7M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -- | $202.1M | $116.1M | $494.4M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | $37.3M | $11M | $120.3M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | -$62.4M | -$128.5M | -$171.4M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -$20.7M | -$47.5M | -$128.9M | -$122.4M | |
| Depreciation & Amoritzation | -- | -- | -- | $28K | $46K | |
| Stock-Based Compensation | -- | $237K | $3.6M | $8.2M | $14M | |
| Change in Accounts Receivable | -- | -- | -$655K | $326K | $52K | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -$19M | -$52.2M | -$99.5M | -$104.5M | |
| Capital Expenditures | -- | -- | -- | $96K | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$71.8M | -$152.4M | $31.4M | -$286.3M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -$388K | -$10K | |
| Cash From Financing | -- | $129.1M | $203.2M | $116.1M | $494.3M | |
| Beginning Cash (CF) | -- | $49M | $325.7M | $255.5M | $484.4M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | $38.3M | -$1.4M | $48M | $103.5M | |
| Ending Cash (CF) | -- | $114M | $324.3M | $303.5M | $587.9M | |
| Levered Free Cash Flow | -- | -$19M | -$52.2M | -$99.6M | -$104.5M | |
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