SailPoint, Inc.
For the period ended Jan 31, 2025. Filed Mar 27, 2025.
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FY2025 · Filed Mar 27, 2025
SAIL$19.96-2.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Successor · Predecessor | ||||
|---|---|---|---|---|
| Year Ended January 31, 2025 | Year Ended January 31, 2024 | August 16, 2022 to | February 1, 2022 to | |
| January 31, 2023 · August 15, 2022 | ||||
| Cash flows from operating activities | ||||
| Net loss | $(315,830) | $(395,367) | $(183,259) | $(149,239) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation and amortization expense | 237,248 | 263,638 | 118,838 | 12,366 |
| Amortization and write-off of debt discount and issuance costs | 12,685 | 4,152 | 1,748 | 1,017 |
| Amortization of contract acquisition costs | 24,899 | 11,519 | 2,762 | 16,211 |
| (Gain) loss on disposal of property and equipment | — | 36 | 126 | 26 |
| Provision for credit losses | 2,534 | 1,662 | 2,554 | 244 |
| Equity-based compensation expense | 31,714 | 37,469 | — | 39,554 |
| Deferred taxes | (71,209) | (124,919) | (64,883) | (967) |
| Net changes in operating assets and liabilities, net of business acquisitions | ||||
| Accounts receivable | (41,653) | (57,397) | (36,002) | 14,908 |
| Contract acquisition costs | (71,678) | (61,716) | (32,890) | (23,078) |
| Contract assets | (11,730) | (21,139) | (3,217) | (5,364) |
| Prepayments and other current assets | (13,744) | (594) | (1,206) | (8,553) |
| Other non-current assets | 6,006 | (87) | (2,257) | (502) |
| Operating leases, net | 293 | 335 | 163 | (792) |
| Accounts payable | (5,346) | 4,232 | (9,293) | 4,514 |
| Accrued expenses and other liabilities | 36,565 | 22,634 | (115,584) | 43,687 |
| Deferred revenue | 72,855 | 65,188 | 53,118 | 4,452 |
| Net cash used in operating activities | (106,391) | (250,354) | (269,282) | (51,516) |
| Cash flows from investing activities | ||||
| Purchase of property and equipment | (5,362) | (2,577) | (1,730) | (5,295) |
| Proceeds from sale of property and equipment | 14 | 31 | 22 | 9 |
| Capitalized software development costs | (8,219) | — | — | — |
| Purchase of intangible assets | — | (1,900) | — | — |
| Business acquisitions, net of cash acquired | (15,377) | (8,218) | (5,824,632) | — |
| Net cash used in investing activities | (28,944) | (12,664) | (5,826,340) | (5,286) |
| Cash flows from financing activities | ||||
| Proceeds from issuance of units | 600,321 | 51,743 | 5,762,294 | — |
| Proceeds from issuance of long-term debt | — | — | 1,590,000 | — |
| Payment of debt issuance costs | — | — | (33,052) | — |
| Settlement of capped calls | — | — | 111,376 | — |
| Proceeds from revolving line of credit | 25,000 | — | — | — |
| Repayments to revolving line of credit | (25,000) | — | — | — |
| Repayment of term loan | (550,000) | — | (903,942) | — |
| Payments of deferred offering costs | (2,892) | — | — | — |
| Payment for taxes related to net share settled restricted stock units | — | — | — | (1,534) |
| Proceeds from employee stock purchase plan | — | — | — | 5,435 |
| Net proceeds from exercise of stock options | — | — | — | 2,825 |
| Repurchase of units | (6,172) | (1,311) | — | — |
| Net cash provided by financing activities | 41,257 | 50,432 | 6,526,676 | 6,726 |
| Net change in cash, cash equivalents and restricted cash | (94,078) | (212,586) | 431,054 | (50,076) |
| Cash, cash equivalents and restricted cash, beginning of period | 218,468 | 431,054 | — | 444,216 |
| Cash, cash equivalents and restricted cash, end of period | $124,390 | $218,468 | $431,054 | $394,140 |
| Successor · Predecessor | ||||
|---|---|---|---|---|
| Year Ended January 31, 2025 | Year Ended January 31, 2024 | August 16, 2022 to | February 1, 2022 to | |
| January 31, 2023 · August 15, 2022 | ||||
| Supplemental cash flow information: | ||||
| Cash paid for: | ||||
| Interest | $152,171 | $182,029 | $66,018 | $327 |
| Income taxes, net of refunds | 12,948 | 5,584 | 2,135 | 2,902 |
| Cash paid for amounts included in the measurement of lease liabilities: | ||||
| Operating cash flows from operating leases | 6,013 | 6,134 | 2,521 | 3,688 |
| Supplemental disclosure of noncash investing and financing activities: | ||||
| Adjustment to reflect the redemption value of the redeemable convertible units and incentive units | 4,761,878 | — | — | — |
| Contingent and holdback consideration included in accrued expenses and other liabilities | 6,375 | — | — | — |
| Deferred offering costs included in accounts payable and accrued expenses and other liabilities | 6,994 | — | — | — |
| Operating lease right of use assets obtained in exchange for lease liabilities | 1,725 | 1,702 | 901 | 2,270 |
| Reconciliation of cash, cash equivalents and restricted cash from the consolidated balance sheets to the consolidated statements of cash flows: | ||||
| Cash and cash equivalents | $121,293 | $211,647 | $424,323 | $387,429 |
| Restricted cash within prepayments and other current assets | 3,097 | 6,821 | 6,731 | 6,711 |
| Total cash, cash equivalents, and restricted cash in the consolidated statements of cash flows | $124,390 | $218,468 | $431,054 | $394,140 |
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