Page 1

( Sentinel One® SentinelOne Announces Second Quarter Fiscal Year 2022 Financial Results Revenue increased 121 % ARR up 127 % year - over - year year - over - year Exhibit 99.1 MOUNTAIN VIEW , Calif . - September 8 , 2021 - SentinelOne , Inc. ( NYSE : S ) today announced financial results for the second quarter of fiscal year 2022 ended July 31 , 2021 . " We're devoted to protecting our customers and our way of life from cyberattacks in an increasingly digital society . Cybersecurity must be autonomous - that's what we've built . It must perform at a faster speed , greater scale , and higher accuracy than what exists today , ” said Tomer Weingarten , Co - Founder and CEO of SentinelOne . “ Our IPO was a significant milestone and is only the beginning of the opportunity in front of us . I'm pleased with the success and growth we delivered in Q2 . ” " SentinelOne executed extremely well in Q2 . Our annualized recurring revenue reached $ 198 million , with growth accelerating to 127 % year - over - year , " said Dave Bernhardt , CFO . " It's especially encouraging to see the broad based strength of our business , with record customer additions , large customer transactions , and net retention rates . " Letter to Shareholders We have also published a letter to shareholders on the Investor Relations section of our website at investors.sentinelone.com . The letter provides further discussion of our results for the second quarter of fiscal year 2022 as well as our full fiscal year 2022 financial outlook . Second Quarter Fiscal 2022 Highlights • Total revenue was $ 45.8 million in the second quarter of fiscal year 2022 , a 121 % increase compared to $ 20.7 million for the same period of fiscal 2021 . Annualized recurring revenue ( ARR ) increased 127 % year - over - year and grew to $ 198.0 million as of July 31 , 2021 . Total customer count grew more than 75 % year - over - year to over 5,400 customers as of July 31 , 2021 . Customers with ARR over $ 100K grew 140 % year - over - year to over 345 as of July 31 , 2021. Dollar - based net revenue retention rate reached a new high and exceeded 125 % . Gross margin : GAAP gross margin was 59 % in the second quarter of fiscal year 2022 , compared to 64 % for the same period of fiscal 2021. Non - GAAP gross margin was 62 % , compared to 64 % for the same period of fiscal 2021 . Loss from operations : GAAP loss from operations was $ 67.2 million in the second quarter of fiscal year 2022 compared to $ 22.6 million for the same period of fiscal year 2021. Non - GAAP loss from operations was $ 45.0 million in the second quarter of fiscal year 2022 , compared to $ 21.0 million for the same period of fiscal year 2021 . Cash , cash equivalents and short - term investments were $ 1.7 billion as of July 31 , 2021 , which now includes $ 1.4 billion of net proceeds from our initial public offering and the concurrent private placement .