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NASDAQ NMS - GLOBAL MARKET · Technology · CIK 0002030781
$20.06
+1.93% · delayed ~15 min
Last price from Oct 22, 2026
$11.31B market value
From SailPoint, Inc.'s FY2026 10-K, filed Mar 19, 2026 · read the filing
SailPoint makes and sells software and computing services. It took in $1.07B last year, which makes it a mid-sized company. It spends more than it earns — losing about 25 cents on every dollar of sales.
The financial picture is led by growth and accounting, while profitability and debt remain weak.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
A mixed picture — some clear strengths and some weaknesses.
From SailPoint, Inc.'s FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Operating income
-$188.7M → -$307.5M
Profit margin
-36.7% → -25.2%
Free cash flow
-$111.8M → $64.6M
Earnings per share
-$3.77 → -$0.48
Measured against FY2025, from the 10-K filed Mar 19, 2026
Deteriorated: $118.8M wider
-$188.7M to -$307.5MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
How the latest move compares (quote delayed ~15 min), and what was published around it
SAIL rose 1.93% on the latest quote. The average Technology company tracked here moved −1.27%, and the S&P 500 −0.43%. That is 3.2 points above its sector and 2.4 points above the market.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 35% a year for the next 10 years. Its free cash flow was negative earlier in this period, so there is no past growth rate to set against that.
The essentials
Each answered from the filings, with the numbers behind it.
No. It lost $270.1M last year, losing about 25 cents on every dollar of sales.
Yes, quickly. Sales grew 24.4% last year.
No — it holds more cash than debt, with $358.1M left over after paying off every borrowing. For every $1 it owes, it owns $10.11 in assets. Its operating profit does not cover its interest bill — -12.48x against the interest it owes.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2026 annual filing
Last year it lost $270.1M and generated $70.6M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Mar 19, 2026Filing for FY2026 | FY202510-K · Mar 19, 2026Filing for FY2025 | FY202410-K · Mar 19, 2026Filing for FY2024 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|
| RevenueWhat is this? | $1.07B | $861.6M | $699.6M | +24.4% |
| Cost of revenue | $380.6M | $305.7M | $276.6M | +24.5% |
| Gross profit | $690.8M | $555.9M | $422.9M | +24.3% |
| Gross marginGross profit ÷ revenueWhat is this? | 64.5% | 64.5% | 60.5% | −0.0 pts |
| Selling, general and administrative | $200.5M | $108.0M | $113.7M | +85.7% |
| Operating income | -$307.5M | -$188.7M | -$332.7M | −62.9% |
| Operating marginOperating income ÷ revenueWhat is this? | -28.7% | -21.9% | -47.6% | −6.8 pts |
| Interest expense | $24.6M | $186.7M | $187.1M | −86.8% |
| Income before tax | -$326.0M | -$376.6M | -$512.3M | +13.4% |
| Net income | -$270.1M | -$315.8M | -$395.4M | +14.5% |
| Net marginNet income ÷ revenueWhat is this? | -25.2% | -36.7% | -56.5% | +11.5 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $-0.479 | $-3.77 | $-4.90 | +87.3% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
This company's latest filing beside its peers' stored scores
| Company | Health | F-Score | Revenue growth | Profit margin | P/E | Debt to equity |
|---|---|---|---|---|---|---|
| SAILSailPoint, Inc. · this page | 6.0/10 | 6/9 | 24.4% | -25.2% | — |
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Sold on the open market — 1,168 shares at $20.00 ($23.4K)
Holds 173,172 shares after this filing.
Sold on the open market
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2027
Revenue +16.8% · Operating margin −3.7 pts · Operating income $18.2M wider — against Q2 FY2026
Read the filingPublished results
Read the filingWrite down why you are following SailPoint, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from SAIL's 10-K for fiscal year 2026 (period ending 2026-01-31, filed Mar 19, 2026), reported under the US GAAP taxonomy. View the source filing.
4 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. All four had enough reported figures. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 6.0 | 6/9 | 10-K, filed Mar 19, 2026 |
| FY2025 | 4.7 | 2/5 | 10-K, filed Mar 19, 2026 |
| FY2024 | 2.0 | 1/2 | 10-K, filed Mar 19, 2026 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
6 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
9.37
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
-2.31
Below the threshold — nothing unusual flagged
Scores above -1.78 are the ones the model associates with earnings manipulation.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +11.5 pts
-36.7% to -25.2%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: turned positive
-$111.8M to $64.6MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: $3.29 narrower
-$3.77 to -$0.48Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: turned negative
$1.02B to $0.00Critical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +195.3%
$121.3M to $358.1MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +573.4%
83.7M to 563.8MCritical
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Improved: +24.4%
$861.6M to $1.07BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +24.3%
$555.9M to $690.8MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −6.8 pts
-21.9% to -28.7%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: $45.8M narrower
-$315.8M to -$270.1MNotable
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Changed: +11.5%
$5.4M to $6.0MNotable
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Q2 FY2027 against Q2 FY2026, from the 10-Q filed Sep 10, 2026 — read it.
Deteriorated: $18.2M wider
-$40.8M to -$59.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Deteriorated: $39.8M wider
-$10.6M to -$50.4MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Deteriorated: −12.3 pts
-4.0% to -16.3%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Deteriorated: $0.07 wider
-$0.02 to -$0.09Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +16.8%
$264.4M to $308.8MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +15.5%
$177.8M to $205.4MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −3.7 pts
-15.4% to -19.1%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +14.3%
$271.1M to $309.9MNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Deteriorated: +2.6%
556.6M to 570.9MNotable
Why it matters: New shares divide the same company into more pieces, so each existing holding owns slightly less of it. Often pay for staff or an acquisition rather than anything wrong.
Q2 FY2027 against Q1 FY2027, from the 10-Q filed Sep 10, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +9.4 pts
-28.5% to -19.1%Critical
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +10.3 pts
-26.7% to -16.3%Critical
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: $20.9M narrower
-$79.8M to -$59.0MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: $24.3M narrower
-$74.7M to -$50.4MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: $0.04 narrower
-$0.13 to -$0.09Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -20.7%
$390.8M to $309.9MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +10.2%
$280.1M to $308.8MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +13.4%
$181.1M to $205.4MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +1.9 pts
64.7% to 66.5%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Filter by minute, hour, day or week — or compare against peers
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 32% and 38%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 31 analysts covering this company, as of . Their views, not this site's.
Of 31 analysts publishing on this company, 7 say strong buy, 17 say buy, 6 say hold and 1 say sell. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 4.6% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Nothing unusual. Its accounting patterns look like those of companies that report earnings straightforwardly.
| 0.11x |
| HUBSHUBSPOT INC | 8.7/10 | 6/8 | 19.2% | 1.5% | 305.86x | 0.87x |
|---|
| Median of peers | 8.7/10 | — | 19.2% | 1.5% | 305.86x | 0.87x |
|---|
Peers come from the company's industry classification. A difference describes the companies; it does not rank them.
Holds 1,294,090 shares after this filing.
Sold on the open market — 2,412 shares at $21.03 ($50.7K)
Holds 1,291,678 shares after this filing.
Sold on the open market — 23,277 shares at $19.71 ($458.8K)
Holds 1,268,401 shares after this filing.
Sold on the open market — 90 shares at $20.44 ($1.8K)
Holds 1,268,311 shares after this filing.
Sold on the open market — 11,579 shares at $20.27 ($234.7K)
Holds 922,929 shares after this filing.
Sold on the open market — 1,499 shares at $21.03 ($31.5K)
Holds 921,430 shares after this filing.
Sold on the open market — 22,522 shares at $19.71 ($443.9K)
Holds 898,908 shares after this filing.
Sold on the open market — 87 shares at $20.44 ($1.8K)
Holds 898,821 shares after this filing.
Sold on the open market — 16,766 shares at $20.27 ($339.8K)
Holds 875,199 shares after this filing.
Sold on the open market — 2,170 shares at $21.03 ($45.6K)
Holds 873,029 shares after this filing.
Sold on the open market — 20,946 shares at $19.71 ($412.8K)
Holds 852,083 shares after this filing.
Sold on the open market — 81 shares at $20.44 ($1.7K)
Holds 852,002 shares after this filing.
Sold on the open market — 33,842 shares at $20.27 ($685.9K)
Holds 2,339,695 shares after this filing.
Sold on the open market — 4,381 shares at $21.03 ($92.1K)
Holds 2,335,314 shares after this filing.
Sold on the open market — 42,279 shares at $19.71 ($833.3K)
Holds 2,293,035 shares after this filing.
Sold on the open market — 163 shares at $20.44 ($3.3K)
Holds 2,292,872 shares after this filing.
Sold on the open market — 25,268 shares at $20.27 ($512.1K)
Holds 1,682,474 shares after this filing.
Sold on the open market — 3,271 shares at $21.03 ($68.8K)
Holds 1,679,203 shares after this filing.
Sold on the open market — 52,619 shares at $19.71 ($1.0M)
Holds 1,626,584 shares after this filing.
Sold on the open market — 203 shares at $20.44 ($4.1K)
Holds 1,626,381 shares after this filing.
Sold on the open market — 2,298 shares at $20.27 ($46.6K)
Holds 179,129 shares after this filing.
Sold on the open market — 298 shares at $21.03 ($6.3K)
Holds 178,831 shares after this filing.
Sold on the open market — 4,474 shares at $19.71 ($88.2K)
Holds 174,357 shares after this filing.
Sold on the open market — 17 shares at $20.44 ($347.48)
Holds 174,340 shares after this filing.
Sold on the open market — 91,986 shares at $20.27 ($1.9M)
Holds 8,001,884 shares after this filing.
Sold on the open market — 11,907 shares at $21.03 ($250.4K)
Holds 7,989,977 shares after this filing.
Sold on the open market — 114,913 shares at $19.71 ($2.3M)
Holds 7,875,064 shares after this filing.
Sold on the open market — 443 shares at $20.44 ($9.1K)
Holds 7,874,621 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 1,168 shares ($22.9K) on or after .
Shares originally obtained via Restricted Stock Units.
Filed notice to sell 21,027 shares ($414.5K) on or after .
Shares originally obtained via RSU vesting.
Filed notice to sell 22,609 shares ($445.7K) on or after .
Shares originally obtained via RSU vesting.
Filed notice to sell 42,442 shares ($836.6K) on or after .
Shares originally obtained via RSU vesting.
Filed notice to sell 52,822 shares ($1.0M) on or after .
Shares originally obtained via RSU vesting.
Filed notice to sell 115,356 shares ($2.3M) on or after .
Shares originally obtained via RSU vesting.
Estimated from how often this has happened before, not a confirmed date.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Had a director or senior officer leave or join
Held a shareholder vote
Read the filingQuarterly report for Q1 FY2027
Revenue +21.6% · Operating margin +51.8 pts · Gross profit +41.9% — against Q1 FY2026
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingProxy statement for a shareholder meeting
Read the filingAnnual report for FY2026
Revenue +24.4% · Operating margin −6.8 pts · Operating income $118.8M wider — against FY2025
Read the filingPublished results
Read the filingQuarterly report for Q3 FY2026
Revenue +19.8% · Operating margin −4.3 pts · Operating income $17.1M wider — against Q3 FY2026
Read the filingPublished results
Read the filingHad a director or senior officer leave or join · Made a Regulation FD disclosure
Read the filingQuarterly report for Q2 FY2026
Revenue +33.1% · Operating margin +17.7 pts · Gross profit +44.2% — against Q2 FY2026
Read the filingPublished results
Read the filingSigned a material agreement · Took on a direct financial obligation
Read the filingQuarterly report for Q1 FY2026
Revenue +22.8% · Operating margin −43.9 pts · Operating income $116.8M wider — against Q1 FY2026
Read the filingPublished results
Read the filingPublished results
Read the filingAnnual report for FY2025
Revenue +23.2% · Operating margin +25.7 pts · Operating income $144.0M narrower — against FY2024
Read the filingYahoo ·
Primary sources and further research