SAIL

Company Overview — What Does SailPoint, Inc. Do?

Our vision is to manage and secure dynamic access to critical applications and data for every enterprise identity with an intelligent and unified platform. SailPoint delivers solutions to enable comprehensive identity security for the enterprise. We do this by unifying identity data across systems and identity types, including employee identities, non-employee identities (which include contractors, consultants, and partners), machine identities (autonomous non-human users such as application level accounts, infrastructure accounts, Internet of Things (“IoT”) devices, application programming interface (“API”) accounts, and bots), and artificial intelligence (“AI”) agents. Our software as a service (“SaaS”) and customer-hosted offerings leverage intelligent analytics to provide organizations with critical visibility into which identities currently have access to which resources, which identities should have access to those resources and how that access is being used. Our solutions enable organizations to establish, control, and automate policies that help them define and maintain a robust security posture and achieve regulatory compliance. Powered by AI, our solutions enable organizations to overcome the scale and complexity of managing identities in real-time across dynamic, complex information technology (“IT”) environments. The evolving threat landscape requires a more comprehensive identity security approach than ever before. The number of cyber attacks continues to increase at an accelerating rate, fueled in part by the adoption of AI by threat actors. In 2023, 90% of organizations surveyed experienced an identity-related incident according to the Identity Defined Security Alliance (“IDSA”). In June 2024, a significant volume of data was stolen via compromised login credentials from customers of a data warehouse, including data from a large ticketing company and a major bank. Hacking groups extensively use compromised identities in their operations, conducting spear-phishing campaigns to access email accounts, harvesting multifactor authentication (“MFA”) codes and leveraging compromised service accounts to infiltrate victims. Once compromised, insufficiently governed identities enable attacks to access sensitive applications and data, presenting a significant risk to organizations. Identity security is complicated by an evolving and increasingly complex IT environment. Increasingly distributed and remote workforces, the proliferation of infrastructure as a service (“IaaS”) and SaaS applications and an explosion of data have significantly contributed to this new IT paradigm. Non-employee and machine identities, AI-enabled or otherwise, are driving a significant expansion in the number and scope of identities that organizations must manage. Organizations lack both the people and expertise needed to manage complex ecosystems, and the personnel and skills gap is widening as identity sprawl continues to proliferate. These factors are further exacerbated by regulatory trends toward greater data privacy requirements, leading organizations to demand more effective solutions for managing identity and data security risk. We believe identity is core to enterprise security. We pioneered the market for enterprise identity governance almost two decades ago, and our leadership in the sector has been recognized by independent research firms, including Gartner, Forrester, and KuppingerCole. From this foundation, we have evolved our offerings to address the most challenging dimensions of identity security today. Since SailPoint was last a public company, we continued to execute on our ambitious strategy to remain at the forefront of innovation in enterprise security by transforming our product offerings into the SailPoint Identity Security Cloud built on our unified Atlas platform. We accelerated the transition of our product offerings to be consumed as a cloud-native SaaS offering to meet our customers where they are in their digital transformation journey. We expanded the breadth of our Identity Security Cloud from our foundational strength in enterprise identity governance for human identities, to now cover all types of identities and a broad range of identity security use cases. Our strategic transformation has increased our long-term relevance with customers while meaningfully expanding our total addressable market. Today, we offer a range of solutions to meet the varied needs of our customers across multiple deployment options, including Identity Security Cloud, our SaaS-based cloud solution built on our unified platform, Atlas, and IdentityIQ, our customer-hosted identity security solution. These solutions are designed to enable our customers to make more effective decisions regarding access, improve security processes, and provide them with a deeper understanding of identity and access. Our solutions are underpinned by several key differentiators: • Our modular, extensible, and scalable Atlas platform, with its unified architecture and deep integration capability, provides us with the foundation for continued product innovation; • Our Identity Cube provides a 360-degree view of every enterprise identity, enabling a multidimensional approach to access management that encompasses various aspects of identity, such as attributes, entitlements, and effective permissions; and • Our use of AI and automation throughout our platform enhances decision-making, accelerates risk detection, and delivers seamless integrations. Our customers include many of the world’s largest and most complex organizations, including large enterprises across all major verticals and governments. Our go-to-market approach consists primarily of tailored customer engagement strategies by market segment, which we believe is critical to ensuring successful implementation and ongoing customer success. Most new customers purchase one of our SaaS suites. We focus on expanding our customer relationships over time with significant up-selling and cross-selling opportunities, including suite upgrades and additional products. In recent years, we have transitioned our business to a subscription model. This transition is substantially complete with subscription revenue, which consists primarily of SaaS, maintenance, and term subscriptions, comprising 89% and 92% of our total revenue for the year ended January 31, 2024 and the nine months ended October 31, 2024, respectively. As of October 31, 2024, our annual recurring revenue (“ARR”) was $813.2 million, reflecting an increase of 30% compared to October 31, 2023. Of the 30% increase in ARR, approximately 16% was attributable to new customers and approximately 15% was attributable to existing customers with approximately 3% of this increase attributable to migrations from our customer-hosted solutions (primarily maintenance on previously sold perpetual licenses as well as term subscriptions) to our SaaS solution. Today, our go-to-market motion is focused primarily on our SaaS solution and the growth in our ARR is primarily driven by an increase in SaaS ARR. As of October 31, 2024, our SaaS ARR was $485.7 million, reflecting an increase of 40% as compared to $346.0 million as of October 31, 2023. Of the 40% increase in SaaS ARR, approximately 24% was attributable to new customers and approximately 19% was attributable to existing customers with approximately 8% of this increase attributable to migrations from our customer-hosted solutions (primarily maintenance on previously sold perpetual licenses as well as term subscriptions) to our SaaS solution. Our transformation has led to rapid growth while increasing the visibility and predictability of our financial model. Our principal executive offices are located at 11120 Four Points Drive, Suite 100, Austin, Texas 78726. SailPoint, Inc. (SAIL) is classified as a mid-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Mark McClain and employs approximately 2,645 people, headquartered in AUSTIN, Texas. With a market capitalization of $7.5B, SAIL is one of the notable companies in the Technology sector.

SailPoint, Inc. (SAIL) Stock Rating — Avoid (April 2026)

As of April 2026, SailPoint, Inc. receives a Avoid rating with a composite score of 28.9/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.SAIL ranks #3,992 out of 4,446 stocks in our coverage universe. Within the Technology sector, SailPoint, Inc. ranks #500 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

SAIL Stock Price and 52-Week Range

SailPoint, Inc. (SAIL) currently trades at $11.21. The stock gained $0.15 (1.4%) in the most recent trading session. The 52-week high for SAIL is $24.95, which means the stock is currently trading -55.1% from its annual peak. The 52-week low is $11.92, putting the stock -6.0% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is SAIL Overvalued or Undervalued? — Valuation Analysis

SailPoint, Inc. (SAIL) carries a value factor score of 29/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 1.06x, versus the sector average of 3.16x. The price-to-sales ratio is 6.94x, compared to 1.06x for the average Technology stock. On an enterprise value basis, SAIL trades at 106.14x EV/EBITDA, versus 12.79x for the sector.

At current multiples, SailPoint, Inc. trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

SailPoint, Inc. Profitability — ROE, Margins, and Quality Score

SailPoint, Inc. (SAIL) earns a quality factor score of 31/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -3.6%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -3.2% versus the sector average of -1.0%.

On a margin basis, SailPoint, Inc. reports gross margins of 64.1%, compared to 50.9% for the sector. The operating margin is -31.5% (sector: -0.5%). Net profit margin stands at -25.5%, versus -1.5% for the average Technology stock. Revenue growth is running at 22.3% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

SAIL Debt, Balance Sheet, and Financial Health

SailPoint, Inc. has a debt-to-equity ratio of 0.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.32x, suggesting adequate working capital coverage. Total debt on the balance sheet is $0. Cash and equivalents stand at $298M.

SAIL has a beta of 1.48, meaning it is more volatile than the broader market — a $10,000 investment in SAIL would be expected to move 47.7% more than the S&P 500 on any given day. The stability factor score for SailPoint, Inc. is 34/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

SailPoint, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, SailPoint, Inc. reported revenue of $1.04B and earnings per share (EPS) of $-0.54. Net income for the quarter was $-244M. Gross margin was 64.1%. Operating income came in at $-308M.

In FY 2026, SailPoint, Inc. reported revenue of $1.07B and earnings per share (EPS) of $-0.54. Net income for the quarter was $-270M. Gross margin was 64.5%. Operating income came in at $-307M.

In Q3 2025, SailPoint, Inc. reported revenue of $282M and earnings per share (EPS) of $-0.06. Net income for the quarter was $-36M. Gross margin was 66.3%. Operating income came in at $-42M.

In Q2 2025, SailPoint, Inc. reported revenue of $264M and earnings per share (EPS) of $-0.02. Net income for the quarter was $-11M. Gross margin was 67.3%. Operating income came in at $-41M.

Over the past 8 quarters, SailPoint, Inc. has demonstrated a growth trajectory, with revenue expanding from $134M to $1.04B. Investors analyzing SAIL stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

SAIL Dividend Yield and Income Analysis

SailPoint, Inc. (SAIL) does not currently pay a dividend. This is common among smaller companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

SAIL Momentum and Technical Analysis Profile

SailPoint, Inc. (SAIL) has a momentum factor score of 18/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.

SAIL vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, SailPoint, Inc. (SAIL) ranks #500 out of 584 stocks based on the Blank Capital composite score. This places SAIL in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing SAIL against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full SAIL vs S&P 500 (SPY) comparison to assess how SailPoint, Inc. stacks up against the broader market across all factor dimensions.

SAIL Next Earnings Date

No upcoming earnings date has been announced for SailPoint, Inc. (SAIL) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy SAIL? — Investment Thesis Summary

The quantitative profile for SailPoint, Inc. suggests caution. The quality score of 31/100 flags below-average profitability. The value score of 29/100 indicates premium valuation. Momentum is weak at 18/100, a headwind for near-term performance. High volatility (stability score 34/100) increases portfolio risk.

In summary, SailPoint, Inc. (SAIL) earns a Avoid rating with a composite score of 28.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on SAIL stock.

Related Resources for SAIL Investors

Explore more research and tools: SAIL vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare SAIL head-to-head with peers: SAIL vs IHS, SAIL vs VRSN, SAIL vs ESE.