SailPoint, Inc.
For the period ended Jan 31, 2026. Filed Mar 19, 2026.
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FY2026 · Filed Mar 19, 2026
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Consolidated Statements of Operations
(In thousands, except per share and per unit amounts)
| Year Ended January 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Revenue | |||
| Subscription | $1,010,198 | $793,919 | $622,830 |
| Services and other | 61,218 | 67,692 | 76,742 |
| Total revenue | 1,071,416 | 861,611 | 699,572 |
| Cost of revenue | |||
| Subscription | 302,367 | 236,581 | 205,053 |
| Services and other | 78,258 | 69,152 | 71,582 |
| Total cost of revenue | 380,625 | 305,733 | 276,635 |
| Gross profit | 690,791 | 555,878 | 422,937 |
| Operating expenses | |||
| Research and development | 222,961 | 169,730 | 180,778 |
| Sales and marketing | 574,846 | 466,903 | 461,187 |
| General and administrative | 200,470 | 107,979 | 113,701 |
| Total operating expenses | 998,277 | 744,612 | 755,666 |
| Loss from operations | (307,486) | (188,734) | (332,729) |
| Other income (expense), net | |||
| Interest income | 10,790 | 4,158 | 10,658 |
| Interest expense | (24,635) | (186,652) | (187,059) |
| Other income (expense), net | (4,668) | (5,401) | (3,219) |
| Total other income (expense), net | (18,513) | (187,895) | (179,620) |
| Loss before income taxes | (325,999) | (376,629) | (512,349) |
| Income tax benefit | 55,945 | 60,799 | 116,982 |
| Net loss | $(270,054) | $(315,830) | $(395,367) |
| Class A yield | (23,786) | (764,549) | (583,672) |
| Net loss attributable to common stockholders and Class B unitholders | (293,840) | (1,080,379) | (979,039) |
| Net Loss per share attributable to common stockholders and Class B unitholders - basic and diluted | $(0.54) | $(12.91) | $(12.13) |
| Weighted average common shares and Class B Units outstanding, basic and diluted (1) | 544,159 | 83,716 | 80,746 |
(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.
CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE UNITS, PARTNERS' DEFICIT AND STOCKHOLDERS' EQUITY
(In thousands)
| Redeemable Convertible Units · Common Stock · Additionalpaid incapital · Accumulated Deficit · Total Partners' Deficit / Stockholders' Equity | |||||||
|---|---|---|---|---|---|---|---|
| Units · Amount · Shares · Amount | |||||||
| Balance at January 31, 2023 | 443,593 | $5,788,394 | — | — | $— | $(183,259) | $(183,259) |
| Issuance of Class A Units | 3,152 | 35,095 | — | — | — | — | — |
| Issuance of Class B Units | 689 | 16,648 | — | — | — | — | — |
| Repurchase of Class A Units | (78) | (863) | — | — | (38) | — | (38) |
| Repurchase of Class B Units | (19) | (410) | — | — | — | — | — |
| Equity-based compensation expense | — | — | — | — | 37,469 | — | 37,469 |
| Vesting of incentive units into Class B Units | 1,603 | — | — | — | — | — | — |
| Net loss | — | — | — | — | — | (395,367) | (395,367) |
| Balance at January 31, 2024 | 448,940 | 5,838,864 | — | — | 37,431 | (578,626) | (541,195) |
| Issuance of Class A Units | 36,568 | 407,171 | — | — | — | — | — |
| Issuance of Class B Units | 7,989 | 193,150 | — | — | — | — | — |
| Repurchase of Class A Units | (300) | (3,338) | — | — | (589) | — | (589) |
| Repurchase of Class B Units | (329) | (1,583) | — | — | (662) | — | (662) |
| Equity-based compensation expense | — | — | — | — | 31,714 | — | 31,714 |
| Vesting of incentive units into Class B Units | 2,293 | — | — | — | — | — | — |
| Adjustment to reflect redemption value of redeemable convertible Class A Units | — | 3,736,278 | — | — | — | (3,736,278) | (3,736,278) |
| Adjustment to reflect redemption value of redeemable convertible Class B Units | — | 1,019,561 | — | — | (67,894) | (951,668) | (1,019,562) |
| Adjustment to reflect redemption value of unvested incentive units | — | 6,038 | — | — | — | (6,038) | (6,038) |
| Net loss | — | — | — | — | — | (315,830) | (315,830) |
| Balance at January 31, 2025 | 495,161 | $11,196,141 | — | — | $— | $(5,588,440) | $(5,588,440) |
| Vesting of incentive units into Class B Units | 3,049 | — | — | — | — | — | — |
| Adjustment to reflect redemption value of redeemable convertible Class A Units | — | 23,787 | — | — | — | (23,787) | (23,787) |
| Adjustment to reflect redemption value of redeemable convertible Class B Units | — | 229,744 | — | — | — | (229,744) | (229,744) |
| Equity-based compensation expense prior to Corporate Conversion | — | — | — | — | 862 | — | 862 |
| Net loss prior to Corporate Conversion | — | — | — | — | — | (19,255) | (19,255) |
| Effect of Corporate Conversion | (498,210) | (11,449,672) | 497,807 | 50 | 5,588,396 | 5,861,226 | 11,449,672 |
| Issuance of common stock in connection with IPO, net of underwriters’ discounts and commissions and offering costs and tax effects | — | — | 57,500 | 6 | 1,251,430 | — | 1,251,436 |
| Equity-based compensation expense after Corporate Conversion | — | — | — | — | 256,286 | — | 256,286 |
| Issuance of common stock upon vesting of restricted stock units and restricted stock | — | — | 8,180 | — | — | — | — |
| Net loss after Corporate Conversion | — | — | — | — | — | (250,799) | (250,799) |
| Balance at January 31, 2026 | — | $— | 563,487 | $56 | $7,096,974 | $(250,799) | $6,846,231 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.