SailPoint, Inc.SAIL
NasdaqGS•Technology•Software - Infrastructure
SailPoint, Inc. delivers solutions to enable identity security for the enterprise in the Americas, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. Its solutions enable organizations to establish, control, and automate policies that help define and maintain a robust security posture and achieve regulatory compliance; and 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 cloud-based identity security solution to discover, manage, and secure all enterprise identity types, as well as the data and cloud infrastructure; and IdentityIQ, a customer-hosted identity security solution. It also provides SailPoint platform, a security platform engineered to unify identity, data, and security intelligence in real time. It serves financial services, media, energy and utilities, technology, life sciences, and healthcare, as well as government agencies and public universities. The company was founded in 2005 and is headquartered in Austin, Texas.
SailPoint, Inc. (SAIL) reported trailing twelve months revenue of $1.07B as of January 2026.
SailPoint, Inc. reported a TTM net loss of $270.05M, with quarterly EBITDA of $13.35M. The operating margin stands at -13.6%.
The spread between operating margin (-13.6%) and net margin (-12.3%) indicates tight cost control with minimal non-operating drag.
SAIL trades at a P/S of 8.2x. The price-to-book ratio of 1.3x reflects a moderate premium to book value.
The company generated $62.07M in free cash flow over the trailing twelve months, indicating strong cash generation ability. The balance sheet shows $7.60B in total assets with no in long-term debt against $6.85B in stockholders equity for a debt-to-equity ratio of 0.0, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 4 quarters of fundamental data
Operating margins are under pressure, averaging -31.0%. The business may lack pricing power or face rising costs.'
Limited ROE data for a reliable assessment.
Only 3 of the last 4 quarters had positive FCF — the business may require external capital to sustain operations.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 4 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 0.0 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 12.7% — significant dilution, likely from stock compensation or capital raises.