Forensic Analysis · Technology / Software · as of Jun 27, 2026
SentinelOne, Inc. (S)
A forensic read on SentinelOne, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-1.4
Altman Z-score
Clean
Earnings quality
4
Forensic signals
-21.5%
ROE
$5.5B
Market cap
SentinelOne, Inc. earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -1.4, placing it in the Distress zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-17%Return on invested capital.Return on invested capital is -17% and rising from -19% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
+6.3%/yrShare-count dilution.Diluted share count changed +19% over the last 3 years to FY2026 (+6.3%/yr). The count is GROWING — existing holders are being diluted. That's ~6.3% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2023 has been diluted ~19%.
30% of revStock-based comp load.Stock-based compensation ran 30% of revenue and 392% of free cash flow in FY2026 — about $0.90 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
264% of FCFShareholder returns.Returned $200M to shareholders (buybacks + dividends) in FY2026 — 264% of free cash flow. More than free cash flow generated — and beyond operating cash too, so the extra is coming from debt or cash reserves, which isn't sustainable indefinitely.
Key fundamentals
Net Margin-45.0%
Debt / Equity0.00x
Free Cash Flow$75.9M
Latest Revenue$1.00B
Return on Equity-31.4%
Revenue Growth YoY+21.9%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on SentinelOne, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about S's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown