SailPoint, Inc. delivers comprehensive enterprise identity security platforms to organizations across the Americas, Europe, the Middle East, Africa, and Asia-Pacific regions. The ...
SailPoint, Inc. (NASDAQ: SAIL) is a technology company specializing in identity security and governance. Founded in Austin, Texas in 2005 by Mark McClain, Kevin Cunningham, and Wade Ellery, the company has grown to serve thousands of customers globally, including many Fortune 500 enterprises. Its core offerings include Identity Security Cloud, ...SailPoint, Inc. (NASDAQ: SAIL) is a technology company specializing in identity security and governance. Founded in Austin, Texas in 2005 by Mark McClain, Kevin Cunningham, and Wade Ellery, the company has grown to serve thousands of customers globally, including many Fortune 500 enterprises. Its core offerings include Identity Security Cloud, a SaaS platform that provides comprehensive identity governance and access management, and IdentityIQ, an on-premises solution for customers with strict data residency requirements. SailPoint's products help organizations automate access requests, certifications, and policy enforcement, reducing risk and ensuring compliance. The company operates in 37 countries with over 3,200 employees. As a publicly traded entity since its IPO in February 2025, SailPoint has shown strong revenue growth, although it operates at a net loss due to heavy investment in R&D and sales. Key financial metrics include a market cap of $10.58 billion, revenue per share of $1.99, and a gross margin of 66.4%. The company's leadership, led by CEO and founder Mark McClain, focuses on innovation and customer-centricity. SailPoint's long-term vision is to become the foundational layer for security in the AI-driven enterprise, addressing emerging identity challenges posed by AI and machine identities.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.1B
+24.4%
-4.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-270.1M
+14.5%
-106.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+64.5%
-0.1%
-3.9%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
-28.7%
-31.0%
-109.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-25.2%
+31.2%
-116.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$51.8M
+143.1%
-43.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.8%
+134.7%
-40.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.3%
+101.4%
-70.1%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.32x
+48.3%
+5.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and thank you for standing by. Welcome to the SailPoint First Quarter 2027 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Scott Schmitz, SVP, Investor Relations. Please go ahead.
Scott Schmitz: Good morning, and thank you for joining us today to discuss SailPoint's Fiscal First Quarter 2027 financial Results. Joining me today are SailPoint's Founder and CEO, Mark McClain; and our Chief Financial Officer, Brian Carolan. For the Q&A portion of today's call, we will also be joined by our President, Matt Mills. Please note that today's call will include forward-looking statements, and because these statements are based on the company's current intent, expectations and projections, they are not guarantees of future performance, and a variety of factors could cause actual results to differ materially. This call will also include references to non-GAAP results, which exclude certain items that do not reflect our underlying business performance. Please reference this morning's press release and our supplemental earnings presentation posted on investors.sailpoint.com for further information regarding our forward-looking statements and non-GAAP financial measures, including reconciliations to the nearest comparable GAAP financial measures. Additionally, please note that the development, release and timing of any features or functionality described for our products that are not currently available remain at our sole discretion on a when and if available basis and may not be delivered at all or should not be relied on making purchasing or investing decisions. And with that, I'd like to turn the call over to Mark.
Mark McClain: Thank you, Scott. Good morning, everyone, and thank you for joining us. We are off to a strong start in fiscal 2027, delivering another quarter of robust top and bottom line growth. We believe our results demonstrate that in the new era of Agentic AI, identity security is the most critical layer of the enterprise security stack and that SailPoint is the indispensable platform. This momentum validates our strategy and our leadership position. We've been building for this moment long before the market recognized it. We are setting the standard with an intelligent end-to-end identity security platform designed to tackle today's hardest challenges, including nonhuman identities and real-time governance. Traction across our new products, combined with our core platform is evidence our unified approach is what the modern enterprise demands. Brian will provide more details on the numbers shortly. Our performance also underscores a fundamental truth about the modern enterprise. Identity security is no longer just a compliance check box. We believe it is a mission-critical mandate that has quickly become the central pillar of any credible AI strategy. AI and autonomous agents are becoming an …