SailPoint Inc
For the period ended Apr 30, 2025. Filed Jun 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 30, 2025 · Filed Jun 12, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share and per unit amounts)
| Three Months Ended April 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | ||
| Subscription | $215,323 | $170,092 |
| Perpetual licenses | 5 | 69 |
| Services and other | 15,140 | 17,495 |
| Total revenue | 230,468 | 187,656 |
| Cost of revenue | ||
| Subscription | 75,491 | 55,120 |
| Perpetual licenses | 3 | 60 |
| Services and other | 27,319 | 16,986 |
| Total cost of revenue | 102,813 | 72,166 |
| Gross profit | 127,655 | 115,490 |
| Operating expenses | ||
| Research and development | 67,270 | 41,917 |
| Sales and marketing | 164,530 | 114,887 |
| General and administrative | 80,820 | 26,879 |
| Total operating expenses | 312,620 | 183,683 |
| Loss from operations | (184,965) | (68,193) |
| Other income (expense), net | ||
| Interest income | 3,226 | 1,975 |
| Interest expense | (22,389) | (46,239) |
| Other income (expense), net | (191) | (1,190) |
| Total other income (expense), net | (19,354) | (45,454) |
| Loss before income taxes | (204,319) | (113,647) |
| Income tax benefit (expense) | 17,007 | 24,471 |
| Net loss | $(187,312) | $(89,176) |
| Class A yield | (23,786) | (51,367) |
| Net loss attributable to common stockholders and Class B unitholders | (211,098) | (140,543) |
| Net loss per share attributable to common stockholders and Class B unitholders, basic and diluted (1) | $(0.42) | $(0.77) |
| Weighted average shares and Class B units outstanding, basic and diluted (1) | 500,029 | 182,383 |
(1)Amounts for the period during February 2025 prior to the Corporate Conversion have been retrospectively adjusted to give effect to the Corporate Conversion described in Note 1. These amounts do not consider the shares of common stock sold in the Company's IPO or the Class A Units considered preferred shares that were converted into common stock due to the Corporate Conversion. The Company did not retrospectively adjust for the effect of the Corporate Conversion for periods prior to fiscal year 2026.
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