SailPoint, Inc.
For the period ended Jan 31, 2026. Filed Mar 19, 2026.
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FY2026 · Filed Mar 19, 2026
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
SAILPOINT, INC
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Year Ended January 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Cash flows from operating activities | |||
| Net loss | $(270,054) | $(315,830) | $(395,367) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Depreciation and amortization expense | 210,774 | 237,248 | 263,638 |
| Amortization and write-off of debt issuance costs | 17,391 | 12,685 | 4,152 |
| Amortization of contract acquisition costs | 39,223 | 24,899 | 11,519 |
| Loss (gain) on disposal of property and equipment | 19 | — | 36 |
| Adjustments to contingent consideration | 1,609 | — | — |
| Provision for credit losses | 5,353 | 2,534 | 1,662 |
| Equity-based compensation expense, net of amounts capitalized | 254,872 | 31,714 | 37,469 |
| Deferred taxes | (72,683) | (71,209) | (124,919) |
| Net changes in operating assets and liabilities, net of acquisitions | |||
| Accounts receivable | (86,091) | (41,653) | (57,397) |
| Contract acquisition costs | (77,649) | (71,678) | (61,716) |
| Contract assets | (19,739) | (11,730) | (21,139) |
| Prepayments and other current assets | (8,031) | (13,744) | (594) |
| Other non-current assets | 1,116 | 6,006 | (87) |
| Operating leases, net | 342 | 293 | 335 |
| Accounts payable | 2,295 | (5,346) | 4,232 |
| Accrued expenses and other liabilities | (33,589) | 36,565 | 22,634 |
| Deferred revenue | 105,422 | 72,855 | 65,188 |
| Net cash provided by (used in) operating activities | 70,580 | (106,391) | (250,354) |
| Cash flows from investing activities | |||
| Purchase of property and equipment | (5,980) | (5,362) | (2,577) |
| Proceeds from sale of property and equipment | 3 | 14 | 31 |
| Capitalized software development costs | (12,850) | (8,219) | — |
| Payments for asset acquisition | (16,729) | — | — |
| Purchase of intangible assets | — | — | (1,900) |
| Business acquisitions, net of cash acquired | — | (15,377) | (8,218) |
| Net cash used in investing activities | (35,556) | (28,944) | (12,664) |
| Cash flows from financing activities | |||
| Proceeds from issuance of units | — | 600,321 | 51,743 |
| Proceeds from IPO, net of underwriting discounts and commissions | 1,259,681 | — | — |
| Proceeds from revolving line of credit | — | 25,000 | — |
| Repayments to revolving line of credit | — | (25,000) | — |
| Repayment of Term Loans | (1,040,000) | (550,000) | — |
| Payment of debt issuance costs | (2,716) | — | — |
| Payments of deferred offering costs, net | (8,618) | (2,892) | — |
| Payments related to holdback and contingent consideration | (6,375) | — | — |
| Repurchase of units | — | (6,172) | (1,311) |
| Net cash provided by financing activities | 201,972 | 41,257 | 50,432 |
| Net change in cash, cash equivalents and restricted cash | 236,996 | (94,078) | (212,586) |
| Cash, cash equivalents and restricted cash, beginning of period | 124,390 | 218,468 | 431,054 |
| Cash, cash equivalents and restricted cash, end of period | $361,386 | $124,390 | $218,468 |
| Year Ended January 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| Supplemental cash flow information: | |||
| Cash paid for interest | $37,069 | $152,171 | $182,029 |
| Cash paid during the period for income taxes, net of refunds: | |||
| U.S. Federal | $— | $— | $— |
| U.S. State and local | 696 | — | — |
| Foreign | 6,196 | — | — |
| Total cash paid during the period for income taxes | $6,892 | $— | $— |
| Cash paid during the period for income taxes(prior to ASU 2023-09) | $— | $12,948 | $5,584 |
| Individual jurisdictions equaling 5% or more of the total income taxes paid (net of refunds) for the year ended January 31, 2026 include Australia at $0.9 million, Brazil at $0.6 million, India at $1.6 million, Mexico at $0.7 million, and United Kingdom $0.9 million. | |||
| Cash paid for amounts included in the measurement of lease liabilities: | |||
| Operating cash flows from operating leases | $6,413 | $6,013 | $6,134 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Effect of Corporate Conversion | $11,449,672 | $— | $— |
| Adjustment to reflect the redemption value of the redeemable convertible units | $253,531 | $4,761,878 | $— |
| Capitalized equity-based compensation included in property and equipment, net | $2,276 | $— | $— |
| Contingent and holdback consideration included in accrued expenses and other liabilities | $1,750 | $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 |
| Reconciliation of cash, cash equivalents and restricted cash from the consolidated balance sheets to the consolidated statements of cash flows: | |||
| Cash and cash equivalents | $358,144 | $121,293 | $211,647 |
| Restricted cash within prepayments and other current assets | 3,242 | 3,097 | 6,821 |
| Total cash, cash equivalents, and restricted cash in the consolidated statements of cash flows | $361,386 | $124,390 | $218,468 |
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