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SailPoint, Inc. (SAIL)
NASDAQ:SAIL
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SailPoint, Inc.
(NASDAQ:SAIL)
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Rating:39Underperform
Price Target:
$16.50
▼(-14.33% Downside)
SailPoint's overall stock score is primarily impacted by its financial performance and valuation concerns. Despite strong revenue growth, the company's financial instability and negative valuation metrics weigh heavily on its score. Technical analysis also indicates bearish momentum, further contributing to the low score.
Positive Factors
Revenue Growth
SailPoint's robust revenue growth reflects strong demand for its identity governance solutions, indicating a solid market position and potential for continued expansion.
Product Innovation
The launch of new products demonstrates SailPoint's commitment to innovation, enhancing its competitive edge and addressing emerging cybersecurity challenges.
Customer Expansion
Growth in large accounts signifies strong customer engagement and trust in SailPoint's solutions, supporting long-term revenue stability and market leadership.
Negative Factors
Profitability Challenges
Ongoing profitability issues could hinder SailPoint's ability to reinvest in growth and innovation, potentially impacting its competitive position over time.
Negative Cash Flow
Negative cash flow trends raise concerns about SailPoint's financial flexibility and sustainability, which could affect its ability to fund operations and growth initiatives.
Balance Sheet Weakness
A weak balance sheet with no stockholders' equity and high liabilities poses significant financial risks, limiting SailPoint's ability to withstand economic downturns or invest in strategic opportunities.
SailPoint, Inc. (SAIL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.82B
Dividend YieldN/A
Average Volume (3M)2.02M
Price to Earnings (P/E)―
Beta (1Y)1.53
Revenue Growth23.38%
EPS Growth-30.16%
CountryUS
Employees2,738
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.08
Shares Outstanding561,625,730
10 Day Avg. Volume1,875,078
30 Day Avg. Volume2,023,224
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)-2.15
Price to Sales (P/S)13.96
P/FCF Ratio-100.23
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue11.61
Enterprise Value/Gross Profit17.58
Enterprise Value/Ebitda261.88
Forecast
1Y Price Target
$27.26Price Target Upside41.54% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)0.23
Revenue Forecast (FY)$1.07B
SailPoint, Inc. Business Overview & Revenue Model
Company DescriptionSailPoint, 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 applications, employee identities, non-employee identities, and machine identities, as well as enable smarter access decisions, improve business processes, and provide deeper understanding of identity and access. The company offers Identity Security Cloud, a SaaS-based cloud solution to manage and secure access to critical data and applications for enterprise identities; and IdentityIQ, a customer-hosted identity security solution. The company was founded in 2005 and is based in Austin, Texas.
How the Company Makes MoneySailPoint generates revenue primarily through the sale of its software solutions and subscription services. The company employs a SaaS (Software as a Service) model, which allows clients to access their identity management platform via the cloud, leading to recurring revenue streams through annual subscriptions and maintenance fees. Additionally, SailPoint offers professional services, including implementation, training, and support, which contribute to its overall revenue. Key partnerships with major cloud service providers and IT consulting firms enhance its market reach and bolster its sales efforts, further driving growth and profitability.
SailPoint, Inc. Earnings Call Summary
Earnings Call Date:Dec 11, 2025
(Q3-2026)
| % Change Since: |
Next Earnings Date:Apr 01, 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.Q3-2026 Updates
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.
Strong SaaS ARR Growth
SaaS ARR grew 38% year-over-year, now comprising $669 million or 64% of total ARR.
Introduction of New Products
SailPoint introduced a suite of new products and a flex licensing model, driving robust cross-sell growth and strong customer interest.
High Net Revenue Retention
Net revenue retention (NRR) was 114%, indicating strong customer expansion and retention.
Record Operating Income and Margin
Adjusted operating income was $56 million, representing a 19.8% margin, exceeding guidance.
Increased Fiscal Year Guidance
ARR guidance for the fiscal year was increased by $12 million to $1.122 billion, with revenue expected to grow 24% year-over-year.
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.
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
SailPoint, Inc. shows strong revenue growth but faces significant financial risks due to persistent profitability challenges, absence of stockholders' equity, and negative cash flows. These factors indicate a weakened financial position.Income Statement
SailPoint, Inc. has shown strong revenue growth from $288.5 million in 2019 to $861.6 million in 2025, indicating a positive growth trajectory. However, the company has consistently reported negative net income and EBIT margins, which highlight ongoing profitability challenges. The gross profit margin has remained robust, but the persistence of net losses is a concern.45
Neutral
Balance Sheet
The balance sheet reveals a concerning absence of stockholders' equity in recent years, leading to an undefined debt-to-equity ratio. High total liabilities and the absence of equity suggest significant financial risk. The equity ratio has also deteriorated from 46.9% in 2019 to 0% in 2025, indicating a weakened financial position.30
Negative
Cash Flow
Cash flow analysis indicates a negative free cash flow trend, with significant shortfalls in recent years. Operating cash flow remains negative, further straining financial flexibility. The company has been unable to generate positive free cash flow, which is a critical concern for sustainability.40
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 861.61M | 699.57M | 450.04M | 365.25M | 288.51M |
| Gross Profit | 555.88M | 422.94M | 334.59M | 279.51M | 223.04M |
| EBITDA | 47.27M | -61.65M | -37.59M | 21.22M | -9.43M |
| Net Income | -315.83M | -395.37M | -61.63M | -10.76M | -8.50M |
Balance Sheet | |||||
| Total Assets | 7.41B | 7.59B | 1.16B | 1.08B | 990.08M |
| Cash, Cash Equivalents and Short-Term Investments | 121.29M | 211.65M | 435.44M | 510.29M | 443.80M |
| Total Debt | 1.05B | 1.59B | 413.99M | 359.75M | 351.04M |
| Total Liabilities | 13.00B | 8.13B | 755.60M | 610.99M | 555.95M |
| Stockholders Equity | -5.59B | -541.20M | 404.24M | 464.61M | 434.13M |
Cash Flow | |||||
| Free Cash Flow | -119.97M | -254.83M | -12.88M | 53.95M | 43.54M |
| Operating Cash Flow | -106.39M | -250.35M | -8.85M | 57.95M | 50.09M |
| Investing Cash Flow | -28.94M | -12.66M | -74.95M | -3.97M | -38.91M |
| Financing Cash Flow | 41.26M | 50.43M | 1.47M | 12.55M | 361.70M |
SailPoint, Inc. Technical Analysis
Negative
19.26
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 19.26 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 36 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 | $31.49B | -441.27 | -3.23% | ― | 20.93% | 68.47% | |
73 Outperform | $13.04B | 26.84 | 10.64% | ― | 4.21% | -0.63% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $16.54B | 84.41 | 2.96% | ― | 12.12% | ― | |
57 Neutral | $23.31B | -98.47 | -12.73% | ― | 43.26% | -1651.82% | |
48 Neutral | $4.11B | -33.51 | -22.17% | ― | 11.37% | -34.44% | |
39 Underperform | $10.82B | -16.70 | -10.58% | ― | 23.38% | -30.16% |
* Technology Sector Average
SAIL
SailPoint, Inc.
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-5.65
-23.01%
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33.96
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CyberArk Software
453.65
98.14
27.61%
OKTA
Okta
91.94
6.27
7.32%
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56.96%
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.