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 | $5.6B | $12.8B | $13.6B | $10.8B | $13.7B | |
| Revenue Growth (YoY) | 41.8% | 129.37% | 6.17% | -20.83% | 26.94% | |
| Cost of Revenues | $4.9B | $11B | $12.6B | $9.2B | $11B | |
| Gross Profit | $721.6M | $1.8B | $1B | $1.5B | $2.7B | |
| Gross Profit Margin | 12.92% | 14.25% | 7.36% | 14.31% | 19.83% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $1.1B | $2B | $2.7B | $1.8B | $1.9B | |
| Other Inc / (Exp) | $1M | -$6M | -$903M | $887M | $61M | |
| Operating Expenses | $1.1B | $1.9B | $2.5B | $1.6B | $1.7B | |
| Operating Income | -$332.4M | -$104M | -$1.5B | -$65M | $1B | |
| Net Interest Expenses | $131.5M | $176M | $486M | $632M | $651M | |
| EBT. Incl. Unusual Items | -$462.5M | -$286M | -$2.9B | $175M | $400M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$255K | $1M | $1M | $25M | -$4M | |
| Net Income to Company | -$462.2M | -$287M | -$2.9B | $150M | $404M | |
| Minority Interest in Earnings | -$291.1M | -$152M | -$1.3B | -$300M | $194M | |
| Net Income to Common Excl Extra Items | -$462.2M | -$287M | -$2.9B | $150M | $404M | |
| Basic EPS (Cont. Ops) | -$2.63 | -$1.63 | -$15.74 | $4.12 | $1.72 | |
| Diluted EPS (Cont. Ops) | -$2.63 | -$1.63 | -$15.74 | $0.75 | $1.59 | |
| Weighted Average Basic Share | $65M | $82.8M | $100.8M | $109.3M | $122.3M | |
| Weighted Average Diluted Share | $65M | $82.8M | $100.8M | $200.6M | $132.2M | |
| EBITDA | -$258.6M | $1M | -$1.2B | $287M | $1.3B | |
| EBIT | -$332.4M | -$104M | -$1.5B | -$65M | $1B | |
| Revenue (Reported) | $5.6B | $12.8B | $13.6B | $10.8B | $13.7B | |
| Operating Income (Reported) | -$332.4M | -$104M | -$1.5B | -$65M | $1B | |
| Operating Income (Adjusted) | -$332.4M | -$104M | -$1.5B | -$65M | $1B | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $3.5B | $3.4B | $2.8B | $3.7B | $5.6B | |
| Revenue Growth (YoY) | 125.45% | -2.7% | -18.1% | 31.81% | 54.5% | |
| Cost of Revenues | $3B | $3.1B | $2.3B | $2.9B | $4.5B | |
| Gross Profit | $496M | $287M | $437M | $767M | $1.1B | |
| Gross Profit Margin | 14.25% | 8.48% | 15.76% | 20.99% | 19.71% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $546M | $656M | $433M | $469M | $595M | |
| Other Inc / (Exp) | $3M | -$58M | $875M | -$33M | -- | |
| Operating Expenses | $519M | $584M | $388M | $429M | $560M | |
| Operating Income | -$23M | -$297M | $49M | $338M | $553M | |
| Net Interest Expenses | $48M | $153M | $153M | $157M | $125M | |
| EBT. Incl. Unusual Items | -$68M | -$508M | $770M | $147M | $259M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | $29M | -$1M | -$4M | |
| Net Income to Company | -$68M | -$508M | $741M | $148M | $263M | |
| Minority Interest in Earnings | -$36M | -$225M | -$41M | $63M | $112M | |
| Net Income to Common Excl Extra Items | -$68M | -$508M | $741M | $148M | $263M | |
| Basic EPS (Cont. Ops) | -$0.38 | -$2.67 | $7.06 | $0.69 | $1.08 | |
| Diluted EPS (Cont. Ops) | -$0.38 | -$2.67 | $3.80 | $0.64 | $1.03 | |
| Weighted Average Basic Share | $84.8M | $105.9M | $110.8M | $123.9M | $139.2M | |
| Weighted Average Diluted Share | $84.8M | $105.9M | $206M | $133.6M | $146.3M | |
| EBITDA | $5M | -$219M | $136M | $411M | $618M | |
| EBIT | -$23M | -$297M | $49M | $338M | $553M | |
| Revenue (Reported) | $3.5B | $3.4B | $2.8B | $3.7B | $5.6B | |
| Operating Income (Reported) | -$23M | -$297M | $49M | $338M | $553M | |
| Operating Income (Adjusted) | -$23M | -$297M | $49M | $338M | $553M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $10.9B | $14.5B | $11.2B | $12.6B | $18.3B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $9.3B | $13.2B | $9.9B | $10.2B | $14.5B | |
| Gross Profit | $1.6B | $1.4B | $1.3B | $2.3B | $3.7B | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $1.8B | $2.7B | $2B | $1.8B | $2.2B | |
| Other Inc / (Exp) | $22M | -$90M | $51M | $18M | -- | |
| Operating Expenses | $1.7B | $2.5B | $1.7B | $1.7B | $2B | |
| Operating Income | -$98.8M | -$1.2B | -$471M | $696M | $1.7B | |
| Net Interest Expenses | $183.5M | $388M | $620M | $668M | $555M | |
| EBT. Incl. Unusual Items | -$259.7M | -$1.6B | -$1.1B | $42M | $1.1B | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$93K | $2M | $27M | -$3M | -$5M | |
| Net Income to Company | -$259.6M | -$1.6B | -$1.1B | $45M | $1.1B | |
| Minority Interest in Earnings | -$150.3M | -$765M | -$849M | $28M | $474M | |
| Net Income to Common Excl Extra Items | -$259.6M | -$1.6B | -$1.1B | $45M | $1.1B | |
| Basic EPS (Cont. Ops) | -$1.43 | -$8.93 | -$2.61 | $0.08 | $4.65 | |
| Diluted EPS (Cont. Ops) | -$1.45 | -$8.93 | -$5.87 | $0.01 | $4.39 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$3.1M | -$943M | -$119M | $1B | $2B | |
| EBIT | -$98.8M | -$1.2B | -$471M | $696M | $1.7B | |
| Revenue (Reported) | $10.9B | $14.5B | $11.2B | $12.6B | $18.3B | |
| Operating Income (Reported) | -$98.8M | -$1.2B | -$471M | $696M | $1.7B | |
| Operating Income (Adjusted) | -$98.8M | -$1.2B | -$471M | $696M | $1.7B | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $9.1B | $10.8B | $8.3B | $10.1B | $14.7B | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $7.7B | $9.9B | $7.2B | $8.1B | $11.7B | |
| Gross Profit | $1.3B | $884M | $1.1B | $2B | $3B | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $1.4B | $2.1B | $1.4B | $1.4B | $1.7B | |
| Other Inc / (Exp) | $16M | -$68M | $886M | $17M | $60M | |
| Operating Expenses | $1.3B | $1.9B | $1.2B | $1.3B | $1.6B | |
| Operating Income | -- | -$1.1B | -$32M | $733M | $1.5B | |
| Net Interest Expenses | $121M | $333M | $467M | $503M | $407M | |
| EBT. Incl. Unusual Items | -$105M | -$1.5B | $377M | $244M | $942M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | $1M | $27M | -$1M | -$2M | |
| Net Income to Company | -$105M | -$1.5B | $350M | $245M | $944M | |
| Minority Interest in Earnings | -$59M | -$672M | -$214M | $114M | $394M | |
| Net Income to Common Excl Extra Items | -$105M | -$1.5B | $350M | $245M | $944M | |
| Basic EPS (Cont. Ops) | -$0.57 | -$7.91 | $5.00 | $1.08 | $4.05 | |
| Diluted EPS (Cont. Ops) | -$0.58 | -$7.91 | $1.74 | $1.01 | $3.82 | |
| Weighted Average Basic Share | $244.3M | $297.4M | $323.1M | $359.1M | $408.7M | |
| Weighted Average Diluted Share | $338.9M | $297.4M | $418.2M | $474.3M | $432.1M | |
| EBITDA | $74M | -$871M | $238M | $964M | $1.7B | |
| EBIT | -- | -$1.1B | -$32M | $733M | $1.5B | |
| Revenue (Reported) | $9.1B | $10.8B | $8.3B | $10.1B | $14.7B | |
| Operating Income (Reported) | -- | -$1.1B | -$32M | $733M | $1.5B | |
| Operating Income (Adjusted) | -- | -$1.1B | -$32M | $733M | $1.5B | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $460.4M | $1B | $949M | $960M | $2.2B | |
| Short Term Investments | -- | -- | $321M | $366M | $464M | |
| Accounts Receivable, Net | $78.6M | $206M | $253M | $266M | $303M | |
| Inventory | $1B | $3.1B | $1.9B | $1.2B | $1.6B | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | $204M | $545M | $182M | $138M | $122M | |
| Total Current Assets | $1.9B | $4.9B | $4.6B | $3.3B | $4.9B | |
| Property Plant And Equipment | $1.1B | $1.9B | $3.8B | $3.4B | $3.2B | |
| Long-Term Investments | $3.9M | $8M | $1M | -- | -- | |
| Goodwill | $9M | $9M | -- | -- | -- | |
| Other Intangibles | $6M | $4M | $70M | $52M | $34M | |
| Other Long-Term Assets | $32M | $181M | $254M | $261M | $368M | |
| Total Assets | $3B | $7B | $8.7B | $7.1B | $8.5B | |
| Accounts Payable | $66.5M | $141M | $232M | $231M | $236M | |
| Accrued Expenses | $128M | $290M | $321M | $157M | $303M | |
| Current Portion Of Long-Term Debt | $65M | $152M | $201M | $189M | $309M | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | -- | -- | |
| Other Current Liabilities | $20M | $29M | $80M | $83M | $106M | |
| Total Current Liabilities | $467.1M | $2.9B | $2.6B | $1.5B | $1.3B | |
| Long-Term Debt | $1.8B | $3.6B | $7.1B | $5.8B | $5.7B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $2.2B | $6.5B | $9.8B | $7.5B | $7.1B | |
| Common Stock | $173K | -- | -- | -- | -- | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | $387.6M | $306M | -$518M | $243M | $1.3B | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | $413.9M | $219M | -$535M | -$627M | $115M | |
| Total Equity | $801.5M | $525M | -$1.1B | -$384M | $1.4B | |
| Total Liabilities and Equity | $3B | $7B | $8.7B | $7.1B | $8.5B | |
| Cash and Short Terms | $460.4M | $1B | $949M | $960M | $2.2B | |
| Total Debt | $1.8B | $3.7B | $7.3B | $6B | $6B | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $716M | $827M | $987M | $1.4B | $2.7B | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $178M | $359M | $318M | $363M | $352M | |
| Inventory | $2.3B | $2.6B | $1.1B | $1.3B | $2.3B | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | $455M | $571M | $517M | $608M | -- | |
| Total Current Assets | $3.7B | $4.5B | $3.2B | $3.8B | $6.3B | |
| Property Plant And Equipment | $1.6B | $4B | $3.5B | $3.3B | $3.2B | |
| Long-Term Investments | $7M | $1M | -- | -- | -- | |
| Goodwill | $9M | $847M | -- | -- | -- | |
| Other Intangibles | $5M | $76M | $56M | $39M | -- | |
| Other Long-Term Assets | $50M | $214M | $259M | $286M | -- | |
| Total Assets | $5.4B | $9.6B | $7B | $7.4B | $9.9B | |
| Accounts Payable | $200M | $292M | $251M | $231M | $291M | |
| Accrued Expenses | $222M | $463M | $157M | $242M | -- | |
| Current Portion Of Long-Term Debt | $74M | $213M | $200M | $209M | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | $3M | -- | -- | |
| Other Current Liabilities | $32M | $81M | $82M | $89M | -- | |
| Total Current Liabilities | $1.3B | $1.9B | $1.4B | $1.2B | $1.5B | |
| Long-Term Debt | $3.4B | $7.3B | $5.8B | $5.9B | $5.2B | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $4.7B | $9.2B | $7.2B | $7.1B | $6.9B | |
| Common Stock | -- | -- | -- | -- | -- | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | $323M | $100M | -$541M | -$325M | $672M | |
| Total Equity | $708M | $374M | -$202M | $286M | $3B | |
| Total Liabilities and Equity | $5.4B | $9.6B | $7B | $7.4B | $9.9B | |
| Cash and Short Terms | $716M | $827M | $987M | $1.4B | $2.7B | |
| Total Debt | $3.5B | $7.5B | $6B | $6.1B | $5.5B | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$462.2M | -$287M | -$2.9B | $150M | $404M | |
| Depreciation & Amoritzation | $73.8M | $105M | $261M | $352M | $305M | |
| Stock-Based Compensation | $25.1M | $39M | $69M | $73M | $91M | |
| Change in Accounts Receivable | -$43M | -$148M | $145M | -$22M | -$47M | |
| Change in Inventories | -$263.3M | -$2.1B | $1.4B | $711M | -$455M | |
| Cash From Operations | -$608.4M | -$2.6B | -$1.3B | $803M | $918M | |
| Capital Expenditures | $359.8M | $557M | $512M | $87M | $91M | |
| Cash Acquisitions | -- | -- | $2.2B | $7M | -- | |
| Cash From Investing | -$345.9M | -$627M | -$2.6B | $31M | -$13M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $5.8B | $16.3B | $16.4B | $6.8B | $3.3B | |
| Long-Term Debt Repaid | -$5.6B | -$12.7B | -$13.7B | -$8.1B | -$4.3B | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$52M | -$64M | -$83M | -$84M | -$23M | |
| Cash From Financing | $1.2B | $3.5B | $3.9B | -$868M | $261M | |
| Beginning Cash (CF) | $329.1M | $636M | $628M | $594M | $1.8B | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $210.7M | $307M | -$8M | -$34M | $1.2B | |
| Ending Cash (CF) | $539.8M | $943M | $620M | $560M | $2.9B | |
| Levered Free Cash Flow | -$968.2M | -$3.2B | -$1.8B | $716M | $827M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$68M | -$508M | $741M | $148M | $263M | |
| Depreciation & Amoritzation | $26M | $78M | $87M | $73M | $65M | |
| Stock-Based Compensation | $10M | $15M | $18M | $24M | $24M | |
| Change in Accounts Receivable | -- | $69M | $13M | -$17M | -$34M | |
| Change in Inventories | -$304M | $305M | $213M | -$84M | -$272M | |
| Cash From Operations | -$283M | -$98M | $599M | $403M | $345M | |
| Capital Expenditures | $196M | $90M | $19M | $27M | $38M | |
| Cash Acquisitions | -- | -- | -- | -- | $27M | |
| Cash From Investing | -$178M | -$43M | $16M | -$15M | -$46M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $4.9B | $2.5B | $1.3B | $914M | -- | |
| Long-Term Debt Repaid | -$4.3B | -$3B | -$2.3B | -$975M | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$18M | -$11M | -$60M | -$2M | -- | |
| Cash From Financing | $555M | -$579M | -$676M | -$63M | -$8M | |
| Beginning Cash (CF) | $404M | $477M | $616M | $932M | $2.2B | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $94M | -$720M | -$61M | $325M | $291M | |
| Ending Cash (CF) | $498M | -$243M | $555M | $1.3B | $2.5B | |
| Levered Free Cash Flow | -$479M | -$188M | $580M | $376M | $307M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$259.6M | -$1.6B | -$1.1B | $45M | $1.1B | |
| Depreciation & Amoritzation | $93.7M | $212M | $352M | $313M | $280M | |
| Stock-Based Compensation | $35.1M | $68M | $64M | $90M | $96M | |
| Change in Accounts Receivable | -$108.4M | $3M | $32M | -$54M | $2M | |
| Change in Inventories | -$1.3B | -$218M | $1.5B | -$220M | -$977M | |
| Cash From Operations | -$1.6B | -$1.8B | $303M | $619M | $666M | |
| Capital Expenditures | $479.3M | $618M | $130M | $85M | $120M | |
| Cash Acquisitions | -- | $2.2B | $14M | -- | $51M | |
| Cash From Investing | -$436.2M | -$2.8B | $7M | $3M | -$107M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $12.4B | $20B | $8.3B | $3.7B | -- | |
| Long-Term Debt Repaid | -$10.1B | -$16.5B | -$8.8B | -$4.4B | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$77M | -$101M | -- | -$25M | -- | |
| Cash From Financing | $2.2B | $4.7B | -$171M | -$306M | $730M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $207.8M | $73M | $139M | $316M | $1.3B | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$2.1B | -$2.4B | $173M | $534M | $546M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$105M | -$1.5B | $350M | $245M | $944M | |
| Depreciation & Amoritzation | $72M | $179M | $270M | $231M | $206M | |
| Stock-Based Compensation | $28M | $57M | $52M | $69M | $74M | |
| Change in Accounts Receivable | -$111M | $40M | -$73M | -$105M | -$56M | |
| Change in Inventories | -$1.2B | $638M | $777M | -$154M | -$676M | |
| Cash From Operations | -$1.4B | -$585M | $1B | $858M | $606M | |
| Capital Expenditures | $390M | $451M | $69M | $67M | $96M | |
| Cash Acquisitions | -- | $2.2B | $7M | -- | $51M | |
| Cash From Investing | -$352M | -$2.6B | $22M | -$6M | -$100M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | $10.3B | $14B | $5.9B | $2.8B | $2.2B | |
| Long-Term Debt Repaid | -$8.4B | -$12.2B | -$7.3B | -$3.6B | -$2.2B | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$46M | -$83M | -$64M | -$5M | -$45M | |
| Cash From Financing | $1.8B | $3B | -$1.1B | -$514M | -$45M | |
| Beginning Cash (CF) | $1.1B | $2.2B | $2B | $1.9B | $6.1B | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $75M | -$159M | -$12M | $338M | $461M | |
| Ending Cash (CF) | $1.2B | $2.1B | $2B | $2.2B | $6.5B | |
| Levered Free Cash Flow | -$1.8B | -$1B | $973M | $791M | $510M | |
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