SailPoint, Inc. (SAIL) Form 10-Q — Sep 10, 2026

$SAILForm 10-QFiled Sep 10, 2026, 4:17 PM ET0002030781-26-000021Original filing

SailPoint's fiscal Q2 2027 10-Q shows revenue of $308.8 million, up 17% year over year, with subscription revenue up 19% and SaaS revenue up 34% to $193.9 million. Annual recurring revenue reached $1.23 billion, up 25% from $982.0 million a year earlier, and dollar-based net retention held at 113%. The company posted a GAAP net loss of $50.4 million (EPS -$0.09), wider than the $10.6 million loss a year ago, driven mainly by a $24.5 million lower income tax benefit and higher stock-based compensation.

Key figures

Eps: -$0.09 (Q2, basic and diluted); -$0.22 (six months)
Revenue: $308.8 million (three months ended July 31, 2026); $589.0 million (six months ended July 31, 2026)
Net Income: -$50.4 million (Q2); -$125.0 million (six months)
Revenue Yoy: +17% (Q2); +19% (six months)
Total Assets: $7.58 billion as of July 31, 2026
Cash Position: $309.9 million as of July 31, 2026
Shares Outstanding: 570911633
Arr: $1,230.7 million as of July 31, 2026 vs $982.0 million a year ago (+25%)
Saas arr: $846.9 million vs $622.7 million a year ago (+36%); 69% of total ARR
Customers: 3,310 total; 1,330 customers >$250K ARR (+22% YoY); 235 customers >$1M ARR (+27% YoY)
Free cash flow: $69.9 million (six months FY2027) vs -$54.7 million (six months FY2026)
Entro acquisition: $122.6 million cash plus $7.3 million committed restricted stock, completed June 29, 2026
Operating cash flow: $83.2 million (six months) vs -$46.9 million prior year
Saas revenue growth: +34% YoY in Q2 to $193.9 million
Adjusted gross margin: 77%
Thoma bravo voting power: approximately 86.2% immediately after the February 2025 IPO
Cloud purchase commitment: $721.0 million total minimum through January 31, 2031 ($107M-$178M per contract year)
Equity based compensation: $140.4 million expensed in six months; $433.4 million unrecognized RSU compensation remaining
Revolving credit facility: $250.0 million undrawn; matures June 25, 2030; no outstanding balance
Dollar based net retention: 113% as of July 31, 2026 (vs 114%)
Adjusted income from operations: $62.8 million Q2 (20% margin); $100.6 million six months (17% margin)
Remaining performance obligations: $1.9 billion, with $931.1 million expected to be recognized over the next 12 months

Price after filing

1 day: -3.1%7 days: +13.5%30 days: +16.8%

Close on the filing date to close N calendar days later (from $17.79). Historical, not a forecast.

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