SailPoint, Inc. (SAIL)
NASDAQ:SAIL
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SailPoint, Inc.
(NASDAQ:SAIL)
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Rating:57Neutral
Price Target:
$15.00
▲(29.65% Upside)
Action:Reiterated
Date:06/11/26
The score is driven primarily by improving financial trajectory (better growth and a meaningful move to positive cash flow) but held back by ongoing losses and historical balance-sheet instability. The earnings call was a major positive (raised guidance, margin expansion, strong ARR/SaaS momentum), while technicals are largely neutral and valuation remains challenged due to lack of earnings. Corporate events are a minor, mixed factor with a contained security incident tempering otherwise positive governance signals.
Positive Factors
ARR & SaaS Momentum
Sustained ARR and rapid SaaS ARR growth increase recurring revenue predictability and reduce volatility versus transaction models. A higher SaaS mix and 113% dollar-based NRR support upsell economics and durable revenue per customer expansion, underpinning long-term cash conversion.
Negative Factors
Persistent Net Losses
Despite revenue and gross margin strength, GAAP profitability remains deeply negative, requiring sustained margin expansion and conversion of ARR into operating profit. Continued losses increase sensitivity to any slowdown and limit free cash flow robustness absent consistent execution.
Read all positive and negative factors
Positive Factors
Negative Factors
ARR & SaaS Momentum
Sustained ARR and rapid SaaS ARR growth increase recurring revenue predictability and reduce volatility versus transaction models. A higher SaaS mix and 113% dollar-based NRR support upsell economics and durable revenue per customer expansion, underpinning long-term cash conversion.
Read all positive factors
SailPoint, Inc. (SAIL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.56B
Dividend YieldN/A
Average Volume (3M)5.02M
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue Growth23.96%
EPS Growth78.71%
CountryUS
Employees2,738
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.27
Shares Outstanding567,183,000
10 Day Avg. Volume6,435,174
30 Day Avg. Volume5,019,418
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 Cap0.94
Enterprise Value/Revenue6.34
Enterprise Value/Gross Profit9.55
Enterprise Value/Ebitda564.19
Forecast
1Y Price Target
$19.58Price Target Upside69.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering20
EPS Forecast (FY)0.32
Revenue Forecast (FY)$1.27B
SailPoint, Inc. Business Overview & Revenue Model
Company Description
SailPoint, Inc. delivers comprehensive enterprise identity security platforms to organizations across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions. The company's solutions effectively manage and secure a diverse range of...
How the Company Makes Money
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SailPoint, Inc. Earnings Call Summary
Earnings Call Date:Jun 09, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Sep 15, 2026
Earnings Call Sentiment Positive
The call emphasized strong, broad-based financial and operational momentum (ARR +26%, revenue +22%, SaaS ARR +36%, margin expansion, raised guidance) and compelling product differentiation around Agentic Fabric and nonhuman identity governance. The primary risks are timing and monetization of Agentic demand (early-stage contribution), FX pressure on reported SaaS net new ARR, and reliance on migration execution from on-prem. Overall, positives — strong growth, margin expansion, healthy cash generation, and clear go-to-market catalysts — materially outweigh near-term execution and timing uncertainties related to new Agentic monetization.Positive Updates
Strong ARR Growth
ARR ended Q1 at $1.163B, up 26% year-over-year, with SaaS ARR of $781M growing 36% YoY.
Negative Updates
Limited Near-Term Revenue Impact from Agentic
Despite doubled Agentic pipeline and product launches, management acknowledged Agentic demand has not yet materially shown up in results and only minimal contribution is modeled into near-term guidance; impact expected more in latter half of the year.
Read all updates
Q1-2027 Updates
Positive
Negative
Strong ARR Growth
ARR ended Q1 at $1.163B, up 26% year-over-year, with SaaS ARR of $781M growing 36% YoY.
Read all positive updates
Company Guidance
SailPoint guided Q2 FY27 ARR of $1.22 billion (up 24% YoY) and revenue of $310 million (up 17% YoY), targeting an adjusted operating margin of 18.4%, diluted shares of ~571 million and adjusted EPS of $0.07–$0.08; for full‑year FY27 it raised ARR to $1.369 billion (up 22% YoY), revenue to about $1.27 billion (up 19% YoY), and adjusted operating margin to 19%, with ~580 million diluted shares, adjusted EPS of $0.32 and expected free cash flow of ~$200 million. Management reiterated a 90%–95% assumption of net new ARR coming from SaaS, and noted Q1 results (ARR $1.163B, +26% YoY; SaaS ARR $781M, +36%; revenue $280M, +22%; SaaS revenue +35%; dollar‑based NRR 113%; Q1 adjusted operating margin 13.5%; cash from operations $38M; free cash flow $33M or 11.6% FCF margin; cash balance $391M). They also highlighted net new SaaS ARR of $35M (up 5% reported, ~30%+ constant currency), average ARR per customer >$350k (+18% YoY), 225 customers >$1M ARR (+32% YoY), migrations more than doubled YoY, emerging products were ~20% of net new ARR, and they’re modeling ~10% of on‑prem ARR (~$350M) to migrate this year.SailPoint, Inc. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
68
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.12B | 1.07B | 861.61M | 699.57M | 450.04M | 365.25M |
| Gross Profit | 744.25M | 690.79M | 555.88M | 422.94M | 334.59M | 279.51M |
| EBITDA | 12.60M | -90.59M | 47.27M | -61.65M | -37.59M | 21.22M |
| Net Income | -157.42M | -270.05M | -315.83M | -395.37M | -61.63M | -10.76M |
Balance Sheet | ||||||
| Total Assets | 7.53B | 7.60B | 7.41B | 7.59B | 1.16B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 390.81M | 358.14M | 121.29M | 211.65M | 435.44M | 510.29M |
| Total Debt | 5.40M | 18.08M | 1.05B | 1.59B | 413.99M | 359.75M |
| Total Liabilities | 683.73M | 751.33M | 13.00B | 8.13B | 755.60M | 610.99M |
| Stockholders Equity | 6.84B | 6.85B | -5.59B | -541.20M | 404.24M | 464.61M |
Cash Flow | ||||||
| Free Cash Flow | 184.97M | 51.75M | -119.97M | -254.83M | -12.88M | 53.95M |
| Operating Cash Flow | 205.63M | 70.58M | -106.39M | -250.35M | -8.85M | 57.95M |
| Investing Cash Flow | -37.38M | -35.56M | -28.94M | -12.66M | -74.95M | -3.97M |
| Financing Cash Flow | -8.68M | 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $26.76B | -919.15 | -0.99% | ― | 23.64% | 68.36% | |
70 Outperform | $18.16B | 41.70 | 9.12% | ― | 6.15% | 0.30% | |
67 Neutral | $20.48B | 84.01 | 3.59% | ― | 11.75% | 85.38% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $7.56B | -47.81 | -2.30% | ― | 23.96% | 78.71% | |
56 Neutral | $3.83B | -29.64 | -26.10% | ― | 15.27% | -39.93% |
* Technology Sector Average
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SailPoint, Inc. Corporate Events
Executive/Board ChangesShareholder Meetings
SailPoint Shareholders Back Board, Auditor and Pay Practices
Positive
Jun 10, 2026
On June 4, 2026, SailPoint, Inc. held its 2026 Annual Meeting of Stockholders, where shareholders elected William Bock, Sacha May, and Mark McClain as Class I directors to the board for terms expiring in 2029. Investors also ratified Ernst Young ...
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.