SailPoint, Inc. (SAIL) Stock

SailPoint, Inc. (SAIL) is a Technology stock trading at $18.49 (as of 2026-08-20), with a market capitalization of $10.49B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SailPoint, Inc. provides solutions to enable various identity security for the enterprise in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its solutions 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 SaaS-based cloud solution to manage and secure access to critical data and applications for enterprise identities; and IdentityIQ, a customer-hosted identity security solution. The company was founded in 2005 and is based in Austin, Texas.

Understand SailPoint, Inc.: how it makes money

SailPoint provides identity security software, including its Identity Security Cloud (a SaaS platform), to help enterprises manage and secure access to critical data and applications, and it generates revenue primarily from subscription arrangements.

Profitability is driven by recurring subscription growth and expansion, evidenced by dollar-based net revenue retention rate of 114% and SaaS expansion signals such as a 40% add-on module attach rate for new SaaS customers, while operating profitability is still negative (operating margin of -28.5%).

Revenue by segment (latest quarter)
Subscription$0.3B
SaaS$0.0B

Business quality (Weak): The company has clear operating indicators for recurring revenue performance (dollar-based net revenue retention rate) and expansion (add-on attach), but we only have high-level segment revenue (subscription and SaaS) and no detailed breakdown of cost drivers to explain the negative operating margin.

Bull case

  • Recurring revenue expansion: Dollar-based net revenue retention rate is 114%.
  • SaaS monetization and upsell: Add-on module attach rate for new SaaS customers is 40%.
  • Large high-value customer base: Customers generating more than 1 million in annual recurring revenue are 225.

Bear case

  • Loss-making at the operating level: Operating margin is -28.5%, indicating operating costs are higher than operating gross profit in the latest reported period.
  • Not purely SaaS within subscription: Within subscription annual recurring revenue, SaaS annual recurring revenue is 0.16 USD_B, while perpetual maintenance base annual recurring revenue is 0.15 USD_B and recurring term licenses annual recurring revenue is 0.06 USD_B.
Valuation — source: SEC EDGAR (first-party)
Price$18.49
Market Cap$10.49B
EV / EBITDA1066.2
Price / Book1.53
Price / Sales9.35
FCF Yield1.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.07B
Net Margin-25.2%
Revenue Growth (YoY)21.6%
EPS Growth (YoY)-69.0%
FCF Growth (YoY)-137.6%
Financial Health — source: SEC EDGAR
Altman Z-Score8.32 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderTHOMA BRAVO, L.P. ($6.35B)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorTechnology
IndustryBusiness Services
CEOMark D. McClain
Employees2,738
CountryUS
IPO Date2025-02-13

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SAIL earnings history · SAIL institutional & insider holders · SAIL KPIs & operating metrics · SAIL financials · SAIL investor presentations & press releases · SAIL SEC filings · SAIL peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.