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SAIL

SailPoint, Inc.

SAIL

SailPoint, Inc. • NASDAQ
$18.42 ▲ 0.33% (+0.06)
Market Cap $10.25 B
52w High $26.35
52w Low $15.05
Dividend Yield 0%
P/E -12.62
Volume 355.76K
Outstanding Shares 556.57M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $230.468M ▼ $312.62M ▲ $-187.312M ▼ -81.275% ▼ $-0.42 ▲ $-129.865M ▼
Q4-2025 $240.121M ▲ $78.524M ▼ $-63.111M ▲ -26.283% ▲ $-9.89 ▼ $150.371M ▲
Q1-2025 $187.656M ▼ $183.683M ▼ $-89.176M ▲ -47.521% ▲ $-0.77 ▲ $-1.421M ▲
Q4-2024 $202.707M ▲ $478.009M ▲ $-263.164M ▼ -129.825% ▼ $-3.14 ▼ $-328.756M ▼
Q2-2023 $134.283M $121.383M $-29.371M -21.872% $-0.31 $-26.793M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $228.117M ▲ $7.414B ▲ $636.695M ▼ $6.778B ▲
Q4-2025 $121.293M ▼ $7.412B ▼ $13B ▲ $-5.588B ▼
Q3-2025 $568.451M ▲ $7.817B ▲ $970.789M ▼ $6.846B ▲
Q4-2024 $211.647M ▼ $7.59B ▲ $8.131B ▲ $-541.195M ▼
Q2-2023 $402.447M $1.127B $744.342M $382.335M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-187.312M ▼ $-96.807M ▼ $-3.897M ▲ $210.649M ▲ $109.945M ▲ $-100.704M ▼
Q4-2025 $-80.104M ▲ $13.794M ▲ $-12.663M ▼ $48.207M ▲ $49.338M ▲ $11.812M ▲
Q1-2025 $-89.176M ▼ $-55.386M ▼ $-7.684M ▼ $-1.81M ▼ $-64.88M ▼ $-58.487M ▼
Q4-2024 $-87.263M ▼ $-52.368M ▼ $-2.554M ▲ $-74K ▼ $-54.996M ▼ $-54.923M ▼
Q2-2023 $-29.371M $-15.634M $-2.747M $6.166M $-12.215M $-18.386M

Revenue by Products

Product Q3-2022Q4-2022Q1-2023Q2-2023
License
License
 $0 ▲$0 ▲$0 ▲$0 ▲
Technology Service
Technology Service
 $10.00M ▲$0 ▼$10.00M ▲$20.00M ▲
Subscription
Subscription
 $0 ▲$80.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown solidly over the past few years, showing that demand for SailPoint’s identity security products is strong and expanding. The company enjoys healthy gross margins typical of enterprise software, but it is still running at an operating loss as it spends heavily on sales, marketing, and product development. Losses at the net income level remain meaningful, and earnings per share have been volatile, suggesting one‑time charges or accounting adjustments along the way. Overall, this is a classic growth‑oriented software profile: strong top line, improving but not yet sustainable profitability.

Balance Sheet

Balance Sheet The balance sheet has become more stretched. Total assets have jumped sharply, likely reflecting acquisitions, intangibles, or other strategic investments, but shareholder equity has swung from positive to significantly negative. Debt levels have increased while the cash balance is relatively modest, which reduces SailPoint’s financial cushion and increases reliance on continued business momentum or external funding. This structure is not unusual for high‑growth software players, but it does raise sensitivity to any slowdown or execution missteps.

Cash Flow

Cash Flow The business is not yet generating consistent cash on its own. Operating cash flow has turned negative again, and free cash flow mirrors this, indicating that the company is still funding growth and operations from sources other than internally generated cash. Capital spending is low, reflecting an asset‑light, cloud‑software model, so the main cash drain is ongoing operating investment rather than physical assets. The key question over time is whether improving scale and efficiency can turn this into a self‑funding business before the balance sheet becomes a constraint.

Competitive Edge

Competitive Edge SailPoint holds a strong position in the identity governance niche of cybersecurity, which is a mission‑critical area for large and regulated enterprises. Its strength lies in deep governance capabilities, broad integration with enterprise systems, and support for complex, hybrid IT environments, rather than just simple sign‑on. A long track record in identity governance and a large installed base create switching costs and a reputation advantage versus newer entrants. However, it still competes in a crowded and fast‑moving security market against large, well‑funded players, so continual innovation and execution are essential to sustain this moat.

Innovation and R&D

Innovation and R&D Innovation is clearly a core focus. SailPoint has embedded AI and machine learning deeply into its platform to deliver predictive identity, automated access decisions, and proactive risk detection, and it has built a sizable patent base around these capabilities. The company is pushing into emerging areas like governing AI agents, dynamic security orchestration, and conversational tools that make complex identity tasks easier for non‑experts. This heavy R&D emphasis supports differentiation and long‑term relevance, but it also contributes to current losses and keeps the financial profile in “investment mode.”

Summary

SailPoint combines strong revenue growth and a well‑defined leadership position in identity governance with a financial profile that is still loss‑making and cash‑consuming. Its technology, especially around AI‑driven identity security and hybrid‑environment governance, appears differentiated and supported by a clear product roadmap. At the same time, negative equity, higher debt, and continued cash burn mean the company is operating with a thinner financial safety margin and depends on successfully scaling into profitability. The story is one of promising strategic and technological strengths offset by balance‑sheet pressure and the need to prove that growth can translate into durable, self‑funded economics over time.

NEWS

November 14, 2025 · 11:50 AM UTC

SAIL INTO THE SEASON: SEABOURN LAUNCHES ITS 2025 "BLACK FRIDAY SAIL" WITH EXCEPTIONAL VALUE ACROSS GLOBAL VOYAGES THROUGH 2027

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November 12, 2025 · 8:00 AM UTC

SailPoint Announces Date of Fiscal Third Quarter 2026 Results Conference Call and Participation in Upcoming Investor Conference

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September 30, 2025 · 9:00 AM UTC

SailPoint Ushers in New Era of Adaptive Identity With the SailPoint Platform

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September 22, 2025 · 1:15 PM UTC

SailPoint Reimagines Tomorrow at Navigate 2025

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September 4, 2025 · 9:00 AM UTC

SailPoint to Participate in Upcoming Investor Conferences

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