SailPoint
SAIL · NasdaqServices-Prepackaged Software · Fiscal year ends Jan 31
SailPoint reported revenue of $1.1B in the fiscal year ended Jan 2026, up 24.4% from the year before. Operating income was −$307M, an operating margin of −28.7%, and net income was −$270M. Operating cash flow of $71M less capital expenditure of $6M left free cash flow of $65M. It held more cash than debt (net cash $358M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Revenue | $700M | $862M | $1.1B |
| Cost of revenue | $277M | $306M | $381M |
| Gross profit | $423M | $556M | $691M |
| Research & development | $181M | $170M | $223M |
| Operating income | −$333M | −$189M | −$307M |
| Interest expense | $187M | $187M | $25M |
| Pre-tax income | −$512M | −$377M | −$326M |
| Income tax | −$117M | −$61M | −$56M |
| Net income | −$395M | −$316M | −$270M |
| Diluted EPS | −12.13 | −12.91 | −0.54 |
| Diluted shares | 81M | 84M | 544M |
Balance sheet
| Fiscal year | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Cash & equivalents | $212M | $121M | $358M |
| Receivables | – | $254M | $335M |
| Current assets | – | $512M | $851M |
| Net PP&E | – | $23M | $35M |
| Goodwill | – | $5.2B | $5.2B |
| Total assets | – | $7.4B | $7.6B |
| Payables | – | $4M | $6M |
| Deferred revenue | – | $413M | $516M |
| Current liabilities | – | $575M | $643M |
| Long-term debt | – | $1B | $0 |
| Total liabilities | – | $1.8B | $751M |
| Shareholders' equity | −$541M | −$5.6B | $6.8B |
| Backlog (remaining obligations) | – | – | $1.8B |
Cash flow
| Fiscal year | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Operating cash flow | −$250M | −$106M | $71M |
| Capital expenditure | $3M | $5M | $6M |
| Free cash flow | −$253M | −$112M | $65M |
| Depreciation & amortisation | $264M | $237M | $211M |
| Stock-based compensation | $37M | $32M | $255M |
| Acquisitions | $8M | $15M | $0 |
Key ratios
| Fiscal year | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|
| Revenue growth (YoY) | – | 23.2% | 24.4% |
| Gross margin | 60.5% | 64.5% | 64.5% |
| Operating margin | −47.6% | −21.9% | −28.7% |
| Net margin | −56.5% | −36.7% | −25.2% |
| Return on equityBlank when equity is negative | – | – | −3.9% |
| ROCEEBIT ÷ (assets − current liabilities) | – | −2.8% | −4.4% |
| Free cash flow margin | −36.2% | −13.0% | 6.0% |
| Cash conversion (CFO ÷ net income) | 0.63x | 0.34x | −0.26x |
| Receivable days | – | 108 | 114 |
| Payable days | – | 4 | 6 |
| Interest cover | −1.78x | −1.01x | −12.5x |
| Debt ÷ equity | – | – | 0.00x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | $903M | −$358M |
| Current ratio | – | 0.89x | 1.32x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.