SailPoint, Inc. (SAIL) AI Stock Analysis

• Market Cap: $12.52B
• Dividend Yield: N/A
• Average Volume (3M): 2.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.52
• Revenue Growth: 25.99%
• EPS Growth: -25.47%
• Country: US
• Employees: 2,738
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.07
• Shares Outstanding: 556,635,300
• 10 Day Avg. Volume: 1,313,863
• 30 Day Avg. Volume: 2,093,156
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 25.84
• Enterprise Value/Gross Profit: 39.66
• Enterprise Value/Ebitda: 592.94
• 1Y Price Target: $26.58
• Price Target Upside: 18.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 20

• Rating: 53 Neutral
• Price Target: $21.00 ▼(-6.63% Downside)

SailPoint's overall stock score is primarily driven by its strong earnings call performance, showcasing robust ARR growth and improved operating margins. However, significant financial risks due to negative profitability and cash flow issues weigh heavily on the score. Technical indicators suggest a positive trend, but valuation concerns due to ongoing losses further impact the overall assessment.

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. 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 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 Money

SailPoint generates revenue primarily through subscription-based licensing for its software products, which are offered both as on-premises solutions and cloud-based services. The company has a recurring revenue model, where clients pay for ongoing access to its platforms, including IdentityNow and AccessIQ. Key revenue streams include new customer subscriptions, renewals of existing contracts, and professional services such as implementation, training, and support. Additionally, SailPoint collaborates with strategic partners, including major technology providers and consulting firms, to expand its market reach and enhance its service offerings, which play a significant role in driving revenue growth.

SailPoint, Inc. Financial Statement Overview

Summary

SailPoint, Inc. shows strong revenue growth but faces significant financial challenges. The absence of stockholders' equity and negative cash flows highlight substantial risks. The company must address profitability issues and stabilize its cash flow to improve financial health.

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.

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.

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.

Breakdown	TTM	Dec 2024	Dec 2024	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	470.59M	699.57M	861.61M	450.04M	365.25M	288.51M
Gross Profit	306.57M	422.94M	555.88M	334.59M	279.51M	223.04M
EBITDA	20.51M	-61.65M	47.27M	-37.59M	877.00K	-9.43M
Net Income	-250.42M	-395.37M	-315.83M	-61.63M	-10.76M	-8.50M
Balance Sheet
Total Assets	7.41B	7.59B	7.41B	1.16B	1.08B	990.08M
Cash, Cash Equivalents and Short-Term Investments	228.12M	211.65M	121.29M	435.44M	510.29M	443.80M
Total Debt	21.52M	1.59B	1.05B	413.99M	359.75M	351.04M
Total Liabilities	636.70M	8.13B	13.00B	755.60M	610.99M	555.95M
Stockholders Equity	6.78B	-541.20M	-5.59B	404.24M	464.61M	434.13M
Cash Flow
Free Cash Flow	-88.89M	-254.83M	-119.97M	-12.88M	53.95M	43.54M
Operating Cash Flow	-83.01M	-250.35M	-106.39M	-8.85M	57.95M	50.09M
Investing Cash Flow	-16.56M	-12.66M	-28.94M	-74.95M	-3.97M	-38.91M
Financing Cash Flow	258.86M	50.43M	41.26M	1.47M	12.55M	361.70M

SailPoint, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MDB	―	$27.37B	-340.06	-3.65%	―	21.90%	67.81%
AKAM	―	$10.86B	26.86	9.21%	―	3.98%	-31.18%
VRNS	―	$7.06B	-68.76	-25.73%	―	14.29%	-14.42%
CYBR	―	$25.84B	―	-10.35%	―	39.45%	-982.51%
OKTA	―	$15.70B	106.13	2.61%	―	12.68%	―
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SAIL	―	$12.52B	―	―	―	25.99%	-25.47%

SailPoint, Inc. Corporate Events

Kristin Weston Resigns from SailPoint Board

On September 18, 2025, Kristin Weston announced her resignation from the board of directors of SailPoint, Inc., effective October 31, 2025. Her departure was not due to any disagreements with the company. Thoma Bravo, a significant stakeholder, designated Nabil Hamade to fill the vacancy, effective the same date. William Bock is expected to be appointed as the next Chair of the Board upon Ms. Weston’s departure.

The most recent analyst rating on (SAIL) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on SailPoint, Inc. stock, see the SAIL Stock Forecast page.

SailPoint Reports Strong Q2 2026 Financial Results

SailPoint, Inc., a prominent player in the enterprise identity security sector, focuses on providing identity-first security solutions to manage and secure access to applications and data for organizations worldwide.

SailPoint’s Earnings Call Highlights Robust Growth and Strategic Innovations

SailPoint’s recent earnings call painted a picture of robust financial health and strategic growth, tempered by a few challenges. The company showcased impressive growth in Annual Recurring Revenue (ARR) and new customer acquisitions, alongside high operating margins. However, timing issues with federal sector renewals and a slight deceleration in ARR growth were noted as areas of concern.