Want to see SAIL full AI Analyst Report?
Top Page
SailPoint, Inc.
(NASDAQ:SAIL)
Select Model
Select Model
Rating:72Outperform
Price Target:
$24.50
▲(37.10% Upside)
Action:Reiterated
Date:09/15/26
The score is driven primarily by solid financial footing (minimal debt, strong equity base, and positive free cash flow) and a very positive earnings outlook with raised ARR guidance and strong SaaS/AI momentum. Technicals are supportive with the stock trading above major moving averages. These positives are tempered by valuation and profitability risk, as reflected in the negative P/E and continuing GAAP losses.
Positive Factors
Recurring revenue growth and retention
Strong SaaS growth combined with 113% net retention indicates customers are renewing and expanding their deployments over time. High gross retention supports recurring revenue durability, while expansion from existing accounts can compound growth without relying entirely on new customer acquisition.
Negative Factors
Persistent GAAP losses
SailPoint has not yet converted strong revenue growth and healthy gross margins into sustainable operating or net profitability. Continued losses limit retained earnings and leave the company dependent on further growth and operating leverage to improve returns over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue growth and retention
Strong SaaS growth combined with 113% net retention indicates customers are renewing and expanding their deployments over time. High gross retention supports recurring revenue durability, while expansion from existing accounts can compound growth without relying entirely on new customer acquisition.
Read all positive factors
SailPoint, Inc. Key Performance Indicators (KPIs)
Any
Revenue by Product Category
Breaks down revenue between offerings like SaaS subscriptions, perpetual licenses, maintenance, and professional services. A larger SaaS/subscription mix points to more predictable, recurring cash flow and easier scale; heavy reliance on license or services sales can make results lumpy and harder to grow.
Breaks down revenue between offerings like SaaS subscriptions, perpetual licenses, maintenance, and professional services. A larger SaaS/subscription mix points to more predictable, recurring cash flow and easier scale; heavy reliance on license or services sales can make results lumpy and harder to grow.
Data provided by:
The Fly
The FlySailPoint, Inc. (SAIL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.86B
Dividend YieldN/A
Average Volume (3M)5.11M
Price to Earnings (P/E)―
Beta (1Y)1.42
Revenue Growth20.13%
EPS Growth70.24%
CountryUS
Employees3,229
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.34
Shares Outstanding570,911,600
10 Day Avg. Volume5,259,942
30 Day Avg. Volume5,114,521
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)1.29
Price to Sales (P/S)8.23
P/FCF Ratio170.36
Enterprise Value/Market Cap0.78
Enterprise Value/Revenue7.91
Enterprise Value/Gross Profit11.95
Enterprise Value/Ebitda-3.14K
Forecast
1Y Price Target
$22.13Price Target Upside23.83% Upside
Rating ConsensusModerate 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
SailPoint primarily makes money by selling subscription-based software for its identity security/identity governance platform, typically delivered as SaaS (cloud) and, where applicable, via term-based licensing for self-managed deployments. Revenu...
SailPoint, Inc. Earnings Call Summary
Earnings Call Date:Sep 09, 2026
(Q2-2027)
| % Change Since: |
Next Earnings Date:Dec 15, 2026
Earnings Call Sentiment Positive
The call was strongly positive, with substantial ARR and SaaS growth, accelerating AI-driven ARR and pipeline momentum, healthy retention and cash generation, expanded product capabilities, major enterprise wins, and raised fiscal 2027 ARR guidance. The principal negative factors were the stated revenue-recognition timing headwind from the high SaaS mix, currency headwinds, lower near-term adjusted operating margin guidance, and the time required to convert the growing Agentic pipeline.Positive Updates
ARR Exceeded Guidance with 25% Growth
Fiscal Q2 total ARR reached $1.231 billion, up 25% year-over-year and $11 million above the midpoint of guidance.
Negative Updates
SaaS Mix Created a Revenue Timing Headwind
The 97% SaaS mix of net new ARR was above the guided 90% to 95% range and resulted in approximately a $5 million revenue timing headwind in Q2. The company stated that the shift from upfront license recognition to ratable SaaS revenue temporarily affects recognized revenue and adjusted operating income.
Read all updates
Q2-2027 Updates
Positive
Negative
ARR Exceeded Guidance with 25% Growth
Fiscal Q2 total ARR reached $1.231 billion, up 25% year-over-year and $11 million above the midpoint of guidance.
Read all positive updates
Company Guidance
For the fiscal third quarter of 2027, SailPoint expects ARR to be $1.29 billion, up 24% year-over-year, revenue to be $328 million, an increase of 16% year-over-year, adjusted operating margin of 17.7%, diluted share count of approximately 577 million shares and adjusted EPS of $0.07 to $0.08; for fiscal year 2027, it expects ARR of $1.38 billion, up 23% year-over-year, revenue of approximately $1.27 billion, an increase of 19% year-over-year, adjusted operating margin of approximately 19%, which is inclusive of additional costs for Entro, diluted share count of approximately 575 million shares, adjusted EPS of $0.32 and approximately $200 million of free cash flow, with SaaS accounting for approximately 85% to 90% of net new ARR in Q3 and approximately 90% to 95% for the full year 2027; SailPoint also expects to achieve its fiscal 2029 targets of at least $2.1 billion of ARR, at least $800 million of AI-driven ARR, at least 22% adjusted operating margin and at least $400 million of free cash flow, while continuing on its path of delivering greater than 20% durable growth.SailPoint, Inc. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
88
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.17B | 1.07B | 861.61M | 699.57M | 450.04M | 365.25M |
| Gross Profit | 771.83M | 690.79M | 555.88M | 422.94M | 334.59M | 279.51M |
| EBITDA | -2.94M | -90.59M | 47.27M | -61.65M | -37.59M | 21.22M |
| Net Income | -197.22M | -270.05M | -315.83M | -395.37M | -61.63M | -10.76M |
Balance Sheet | ||||||
| Total Assets | 7.58B | 7.60B | 7.41B | 7.59B | 1.16B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 309.85M | 358.14M | 121.29M | 211.65M | 435.44M | 510.29M |
| Total Debt | 5.88M | 18.08M | 1.05B | 1.59B | 413.99M | 359.75M |
| Total Liabilities | 722.21M | 751.33M | 13.00B | 8.13B | 755.60M | 610.99M |
| Stockholders Equity | 6.86B | 6.85B | -5.59B | -541.20M | 404.24M | 464.61M |
Cash Flow | ||||||
| Free Cash Flow | 182.04M | 51.75M | -119.97M | -254.83M | -12.88M | 53.95M |
| Operating Cash Flow | 200.65M | 70.58M | -106.39M | -250.35M | -8.85M | 57.95M |
| Investing Cash Flow | -159.17M | -35.56M | -28.94M | -12.66M | -74.95M | -3.97M |
| Financing Cash Flow | -5.70M | 201.97M | 41.26M | 50.43M | 1.47M | 12.55M |
SailPoint, Inc. Technical Analysis
Positive
17.87
Price Trends
19.33
Positive
17.32
Positive
16.04
Positive
Market Momentum
0.33
Positive
56.64
Neutral
37.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAIL, the sentiment is Positive. The current price of 17.87 is below the 20-day moving average (MA) of 20.46, below the 50-day MA of 19.33, and above the 200-day MA of 16.04, indicating a bullish trend. The MACD of 0.33 indicates Positive momentum. The RSI at 56.64 is Neutral, neither overbought nor oversold. The STOCH value of 37.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $3.97T | 29.74 | 33.22% | 0.68% | 17.79% | 31.42% | |
81 Outperform | $671.45M | 10.07 | 25.92% | 2.80% | 2.39% | 16.43% | |
78 Outperform | $40.58B | 137.36 | 4.26% | ― | 11.22% | 74.46% | |
72 Outperform | $11.86B | -61.04 | -2.88% | ― | 20.13% | 70.24% | |
65 Neutral | $427.56B | 21.94 | 42.58% | 1.41% | 21.62% | 45.95% | |
64 Neutral | $5.76B | -41.08 | -26.91% | ― | 15.86% | -33.39% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SAIL
SailPoint, Inc.
20.77
-1.15
-5.25%
MSFT
Microsoft
535.07
25.22
4.95%
ORCL
Oracle
141.40
-162.54
-53.48%
OSPN
OneSpan
18.22
3.55
24.24%
VRNS
Varonis Systems
50.12
-12.30
-19.71%
OKTA
Okta
232.13
141.99
157.52%
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.