SailPoint, Inc. (SAIL)
NASDAQ:SAIL
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SailPoint, Inc.
(NASDAQ:SAIL)
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Rating:53Neutral
Price Target:
$17.00
▲(46.93% Upside)
Action:Reiterated
Date:05/29/26
The score is primarily held back by ongoing operating and net losses despite improving revenue growth and strong gross margins. Offsetting this, 2026 showed a meaningful improvement to positive operating and free cash flow and a very low-leverage balance sheet snapshot. Technicals are supportive but appear stretched (high RSI/Stoch), while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Gross Margin Stability
SailPoint's ~64.5% gross margin points to durable unit economics in identity governance software. High, stable gross margins create long-term operating leverage potential, allowing continued R&D and sales investment while protecting incremental profitability as revenue scales.
Negative Factors
Persistent Unprofitability
Despite top-line and gross-margin strength, material net and EBIT losses persist. The company's inability to translate gross profit into operating profitability is a structural issue that limits retained earnings, constrains reinvestment without external capital, and raises execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Gross Margin Stability
SailPoint's ~64.5% gross margin points to durable unit economics in identity governance software. High, stable gross margins create long-term operating leverage potential, allowing continued R&D and sales investment while protecting incremental profitability as revenue scales.
Read all positive factors
SailPoint, Inc. (SAIL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.39B
Dividend YieldN/A
Average Volume (3M)3.00M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth24.35%
EPS Growth52.08%
CountryUS
Employees2,738
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.56
Shares Outstanding567,222,600
10 Day Avg. Volume3,906,478
30 Day Avg. Volume3,004,511
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)1.29
Price to Sales (P/S)8.23
P/FCF Ratio170.36
Enterprise Value/Market Cap0.96
Enterprise Value/Revenue8.44
Enterprise Value/Gross Profit13.10
Enterprise Value/Ebitda-99.87
Forecast
1Y Price Target
$18.89Price Target Upside63.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
EPS Forecast (FY)0.32
Revenue Forecast (FY)$1.27B
SailPoint, Inc. Business Overview & Revenue Model
Company Description
SailPoint, Inc. provides solutions to enable various identity security for the enterprise in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its solutions address various types of systems and identities, including data and app...
How the Company Makes Money
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SailPoint, Inc. Earnings Call Summary
Earnings Call Date:Dec 11, 2025
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jun 09, 2026
Earnings Call Sentiment Positive
The earnings call was predominantly positive, with significant achievements such as surpassing $1 billion in ARR, strong SaaS growth, and high net revenue retention. The introduction of new products and a flex licensing model has been well-received by customers, contributing to increased fiscal year guidance. The only slight downside was the modest beat on ARR, which was smaller than in previous quarters.Positive Updates
Surpassing $1 Billion in ARR
SailPoint surpassed $1 billion in annual recurring revenue (ARR) for the first time, reaching $1.04 billion, a 28% year-over-year increase.
Negative Updates
Modest Beat on ARR
Despite strong overall performance, the quarter saw a modest 1% beat on ARR, which was smaller than previous quarters' beats.
Read all updates
Q3-2026 Updates
Positive
Negative
Surpassing $1 Billion in ARR
SailPoint surpassed $1 billion in annual recurring revenue (ARR) for the first time, reaching $1.04 billion, a 28% year-over-year increase.
Read all positive updates
Company Guidance
During SailPoint's fiscal Q3 2026 earnings call, the company provided robust guidance, reflecting strong performance and strategic positioning in the identity security market. They surpassed $1 billion in annual recurring revenue (ARR), achieving $1.04 billion, a 28% year-over-year increase. SaaS ARR grew by 38% to $669 million, making up 64% of total ARR. The company projected fiscal Q4 2026 ARR to increase by $12 million to $1.122 billion, with a 28% year-over-year growth, and revenue of $292 million, a 22% increase. For the full fiscal year 2026, they forecasted revenue of $1.069 billion, a 24% year-over-year increase, with an adjusted operating margin of 18% and an adjusted EPS of $0.23. They also highlighted the success of their new flex licensing model and the strong adoption of new product offerings, contributing to a net revenue retention rate of 114% and driving continued growth in their pipeline.SailPoint, Inc. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
68
Positive
Cash Flow
61
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.07B | 861.61M | 699.57M | 450.04M | 365.25M |
| Gross Profit | 690.79M | 555.88M | 422.94M | 334.59M | 279.51M |
| EBITDA | -90.59M | 47.27M | -61.65M | -37.59M | 21.22M |
| Net Income | -270.05M | -315.83M | -395.37M | -61.63M | -10.76M |
Balance Sheet | |||||
| Total Assets | 7.60B | 7.41B | 7.59B | 1.16B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 358.14M | 121.29M | 211.65M | 435.44M | 510.29M |
| Total Debt | 18.08M | 1.05B | 1.59B | 413.99M | 359.75M |
| Total Liabilities | 751.33M | 13.00B | 8.13B | 755.60M | 610.99M |
| Stockholders Equity | 6.85B | -5.59B | -541.20M | 404.24M | 464.61M |
Cash Flow | |||||
| Free Cash Flow | 51.75M | -119.97M | -254.83M | -12.88M | 53.95M |
| Operating Cash Flow | 70.58M | -106.39M | -250.35M | -8.85M | 57.95M |
| Investing Cash Flow | -35.56M | -28.94M | -12.66M | -74.95M | -3.97M |
| Financing Cash Flow | 201.97M | 41.26M | 50.43M | 1.47M | 12.55M |
SailPoint, Inc. Technical Analysis
Negative
11.57
Price Trends
21.22
Negative
20.91
Negative
Market Momentum
-0.85
Positive
38.83
Neutral
45.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAIL, the sentiment is Negative. The current price of 11.57 is below the 20-day moving average (MA) of 19.42, below the 50-day MA of 21.22, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.85 indicates Positive momentum. The RSI at 38.83 is Neutral, neither overbought nor oversold. The STOCH value of 45.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SAIL.
SailPoint, Inc. Risk Analysis
SailPoint, Inc. disclosed 61 risk factors in its most recent earnings report. SailPoint, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SailPoint, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $16.61B | 125.45 | 3.35% | ― | 11.75% | 85.38% | |
74 Outperform | $26.22B | -926.88 | -0.99% | ― | 23.64% | 68.36% | |
70 Outperform | $20.81B | 49.92 | 9.12% | ― | 6.15% | 0.30% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $3.65B | -30.32 | -26.10% | ― | 15.27% | -39.93% | |
53 Neutral | $9.39B | -39.18 | -3.96% | ― | 24.35% | 52.08% |
* Technology Sector Average
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SailPoint, Inc. Corporate Events
Business Operations and Strategy
SailPoint Reports Contained Unauthorized Access to GitHub Repositories
Negative
May 8, 2026
On April 20, 2026, SailPoint detected unauthorized access to a subset of its GitHub repositories, traced to a vulnerability in a third-party application that has since been remediated. The incident response team swiftly terminated the activity, en...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.