SailPoint, Inc. (SAIL)
NASDAQ:SAIL
Want to see SAIL full AI Analyst Report?
Top Page
SailPoint, Inc.
(NASDAQ:SAIL)
Select Model
Select Model
Rating:58Neutral
Price Target:
$19.00
▲(64.22% Upside)
Action:Reiterated
Date:06/04/26
The score is driven primarily by improving financial trajectory (better cash flow and a strong current balance sheet) but still constrained by persistent losses. Technicals are bullish but overheated, while valuation remains unattractive due to negative earnings. The latest earnings call was a net positive with solid guidance and SaaS momentum, partially offset by conservative assumptions and timing risks; the recent GitHub access incident is a modest additional overhang.
Positive Factors
Recurring ARR Growth
Sustained 28% ARR growth to $1.125B establishes a durable subscription revenue base and improves revenue visibility. Large, predictable ARR supports multi-year planning, underpins recurring cash flow, and reduces cyclicality versus one-time licensing, strengthening long-term business resilience.
Negative Factors
Persistent Profitability Shortfall
Despite healthy gross margins, continued negative operating and net margins indicate the company has not yet translated revenue into sustainable profitability. Ongoing losses can limit reinvestment flexibility, pressure margins in downturns, and necessitate continued cost controls or external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring ARR Growth
Sustained 28% ARR growth to $1.125B establishes a durable subscription revenue base and improves revenue visibility. Large, predictable ARR supports multi-year planning, underpins recurring cash flow, and reduces cyclicality versus one-time licensing, strengthening long-term business resilience.
Read all positive factors
SailPoint, Inc. (SAIL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.56B
Dividend YieldN/A
Average Volume (3M)3.68M
Price to Earnings (P/E)―
Beta (1Y)1.41
Revenue Growth24.35%
EPS Growth52.08%
CountryUS
Employees2,738
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.56
Shares Outstanding567,222,600
10 Day Avg. Volume4,704,147
30 Day Avg. Volume3,680,421
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 Cap0.98
Enterprise Value/Revenue9.65
Enterprise Value/Gross Profit14.97
Enterprise Value/Ebitda-114.15
Forecast
1Y Price Target
$19.21Price Target Upside66.04% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering19
EPS Forecast (FY)0.32
Revenue Forecast (FY)$1.27B
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 app...
How the Company Makes Money
null...
SailPoint, Inc. Earnings Call Summary
Earnings Call Date:Mar 18, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Jun 09, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operational and financial positives: crossing $1.125B ARR, robust SaaS momentum (38% SaaS ARR growth), expanding margins, strong retention, healthy cash flow, clear early traction for AI-focused products (500+ transactions and 17% of net new ARR), and a sizeable migration opportunity (~$350M on-prem ARR with 2–3x uplift potential). Offsetting this, management issued conservative FY '27 guidance that down-weights near-term AI/Agentic upside, acknowledged a narrower Q4 ARR beat and some elongation in sales cycles, and noted transitional effects from the shift to SaaS that temper near-term revenue recognition and margin upside. Overall, the positives substantially outweigh the lowlights, though investors should note the conservative guide and timing risks around AI monetization.Positive Updates
Crossed $1 Billion ARR and Strong ARR Growth
Total ARR reached $1.125 billion, representing 28% year-over-year ARR growth and sustaining that 28% rate for three consecutive quarters.
Negative Updates
Guidance Implies Deceleration vs FY '26
FY '27 ARR growth guide of 21% is below FY '26 ARR growth of 28%; implied net new ARR at the guide midpoint (~$241 million) is slightly below FY '26 net new ARR ($248 million), reflecting a conservative initial posture.
Read all updates
Q4-2026 Updates
Positive
Negative
Crossed $1 Billion ARR and Strong ARR Growth
Total ARR reached $1.125 billion, representing 28% year-over-year ARR growth and sustaining that 28% rate for three consecutive quarters.
Read all positive updates
Company Guidance
SailPoint guided Q1 FY27 ARR of $1.155 billion (≈+25% YoY), revenue of $275 million (≈+19% YoY), adjusted operating margin of 11.1%, diluted share count of ~568 million and adjusted EPS of $0.04–$0.05; for FY27 they forecast ARR of $1.361 billion (≈+21% YoY), revenue of ~$1.265 billion (≈+18% YoY), adjusted operating margin of 18.5%, diluted share count of ~580 million and adjusted EPS of $0.32, and expect approximately $200 million of free cash flow. Management assumed 90–95% of net new ARR will come from SaaS in FY27 and noted that, if SaaS mix stayed at FY26 levels, revenue growth would be ~300 basis points higher and adjusted operating margin ~200 basis points higher.SailPoint, Inc. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
68
Positive
Cash Flow
61
Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.07B | 861.61M | 699.57M | 450.04M | 365.25M |
| Gross Profit | 690.79M | 555.88M | 422.94M | 334.59M | 279.51M |
| EBITDA | -90.59M | 47.27M | -61.65M | -37.59M | 21.22M |
| Net Income | -270.05M | -315.83M | -395.37M | -61.63M | -10.76M |
Balance Sheet | |||||
| Total Assets | 7.60B | 7.41B | 7.59B | 1.16B | 1.08B |
| Cash, Cash Equivalents and Short-Term Investments | 358.14M | 121.29M | 211.65M | 435.44M | 510.29M |
| Total Debt | 18.08M | 1.05B | 1.59B | 413.99M | 359.75M |
| Total Liabilities | 751.33M | 13.00B | 8.13B | 755.60M | 610.99M |
| Stockholders Equity | 6.85B | -5.59B | -541.20M | 404.24M | 464.61M |
Cash Flow | |||||
| Free Cash Flow | 51.75M | -119.97M | -254.83M | -12.88M | 53.95M |
| Operating Cash Flow | 70.58M | -106.39M | -250.35M | -8.85M | 57.95M |
| Investing Cash Flow | -35.56M | -28.94M | -12.66M | -74.95M | -3.97M |
| Financing Cash Flow | 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 | $30.58B | -968.84 | -0.99% | ― | 23.64% | 68.36% | |
70 Outperform | $23.11B | 49.85 | 9.12% | ― | 6.15% | 0.30% | |
67 Neutral | $21.46B | 84.66 | 3.35% | ― | 11.75% | 85.38% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $10.56B | -37.95 | -3.96% | ― | 24.35% | 52.08% | |
56 Neutral | $3.82B | -29.03 | -26.10% | ― | 15.27% | -39.93% |
* Technology Sector Average
SAIL
SailPoint, Inc.
18.24
-0.83
-4.35%
AKAM
Akamai
149.32
72.29
93.85%
VRNS
Varonis Systems
32.69
-17.95
-35.45%
OKTA
Okta
118.72
13.64
12.98%
MDB
MongoDB
350.74
130.60
59.33%
SailPoint, Inc. Corporate Events
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.