SAIL · NasdaqGS
Software - Infrastructure · United States
Snapshot 2026-09-20 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
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.
Company websiteQ2 FY2027
Published 2026-09-10
Q2 FY2027 REPORT HIGHLIGHTS
SailPoint Q2 FY2027: the SaaS transition, commission investment, dilution and three transparent valuation routes.
SaaS added $49.114M of revenue while everything else combined declined $4.660M.
Capitalized commission outflow grew much faster than revenue; quarterly FCF fell despite stronger demand.
SBC and acquired amortization account for most of the $121.745M gap from adjusted profit to GAAP loss.
Fiscal 2027 ARR guidance increased, while its $1.265B–$1.275B revenue range stayed unchanged.
Three transparent models produce roughly $15.57–$17.65 before conservative rounding; higher dilution or lower multiples can overwhelm growth.
Comparable businesses
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.
| Metric | SAILSailPoint, Inc.Snapshot 2026-09-20Financial period: 2026-07-31 |
|---|---|
| Market capMarket value, converted to USD | US$11.32B |
| Forward P/EProvider forward earnings estimate | 49.23x |
| EV / EBITDAEnterprise value / trailing EBITDA | — |
| Revenue growthLatest quarter vs prior-year quarter | 16.8% |
| Operating marginLatest reported quarter | -18.8% |
| Free cash flow yieldTrailing cash flow / market cap | 3.0% |
| Net debt / EBITDANet debt / trailing EBITDA | — |
| Debt / equityTotal debt / positive book equity | 0.00x |
| Trailing P/ETrailing twelve-month earnings | — |
| Price / bookPrice / positive book equity per share | 1.64x |
| EV / salesEnterprise value / trailing revenue | 9.47x |
| Earnings growthLatest quarter vs prior-year quarter | — |
| Gross marginTrailing twelve months | 66.3% |
| Net marginTrailing twelve months | -16.9% |
| Return on equityProvider trailing return; positive equity only | -2.9% |
| Free cash flow marginTrailing free cash flow / revenue | 29.1% |
| Dividend yieldIndicated annual dividend / price | — |
| Earnings payoutProvider trailing dividend payout | 0.0% |
| Current ratioCurrent assets / current liabilities | 1.23x |
| BetaProvider historical market sensitivity | — |
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Reported performance
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Market context
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THE RESEARCH RECORD
FREE RESEARCH PACKET · Q2 FY2027
SailPoint Q2 FY2027: the SaaS transition, commission investment, dilution and three transparent valuation routes.
Research published September 9, 2026 · Download original report
Read Research PacketStudio edition · 2026-09-10 · YouTube
Presentation · 2026-09-10 · YouTube
Presentation · 2026-06-10 · YouTube
Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.
