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( 1 ) SentinelOne SentinelOne Announces Third Quarter Fiscal Year 2022 Financial Results Revenue increased 128 % , year - over - year ARR up 131 % year - over - year Exhibit 99.1 MOUNTAIN VIEW , Calif . - December 7 , 2021 - SentinelOne , Inc. ( NYSE : S ) today announced financial results for the third quarter of fiscal year 2022 ended October 31 , 2021 . " Customers continue to choose Singularity XDR because of our protection , detection , response , and automation capabilities . Our business is performing extremely well . Q3 marks the third consecutive quarter of triple digit ARR growth , ” said Tomer Weingarten , CEO of SentinelOne . “ We continued to make progress across all aspects of our growth strategy outlined during the IPO . " " Our ARR growth accelerated to 131 % year - over - year as we delivered ARR of $ 237 million , ” said Dave Bernhardt , CFO of SentinelOne . “ The strength was broad based , including new and existing customers as well as large and mid - sized enterprises . " 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 third quarter of fiscal year 2022 as well as our full fiscal year 2022 financial outlook . Third Quarter Fiscal 2022 Highlights • • • Total revenue was $ 56.0 million in the third quarter of fiscal year 2022 , a 128 % increase compared to $ 24.6 million for the same period of fiscal 2021 . Annualized recurring revenue ( ARR ) increased 131 % year - over - year to $ 237 million as of October 31 , 2021 . Total customer count grew more than 75 % year - over - year to over 6,000 customers as of October 31 , 2021. Customers with ARR over $ 100K grew 140 % year - over - year to 416 as of October 31 , 2021. Dollar- based net revenue retention rate reached a new high of 130 % . Gross margin : GAAP gross margin was 64 % in the third quarter of fiscal year 2022 , compared to 58 % for the same period of fiscal 2021. Non - GAAP gross margin was 67 % , compared to 58 % for the same period of fiscal 2021 . Loss from operations : GAAP loss from operations was $ 67.4 million in the third quarter of fiscal year 2022 compared to $ 29.7 million for the same period of fiscal year 2021. Non - GAAP loss from operations was $ 38.7 million in the third quarter of fiscal year 2022 , compared to $ 25.1 million for the same period of fiscal year 2021 . Cash , cash equivalents and short - term investments were $ 1.7 billion as of October 31 , 2021 , which includes approximately $ 1.4 billion of net proceeds from our initial public offering and the concurrent private placement after deducting underwriting discounts and commissions .