SailPoint Inc
NASDAQ:SAIL
SailPoint Inc
SailPoint Inc is a US-based company operating in Software industry. The company is headquartered in Austin, Texas. The company went IPO on 2025-02-13.
SailPoint Inc is a US-based company operating in Software industry. The company is headquartered in Austin, Texas. The company went IPO on 2025-02-13.
ARR Milestone: SailPoint surpassed $1 billion in annual recurring revenue (ARR) for the first time, reaching $1.04 billion, up 28% year-over-year.
Revenue Growth: Q3 revenue was $282 million, an increase of 20% year-over-year, driven by strong SaaS and subscription momentum.
SaaS Momentum: SaaS ARR grew 38% year-over-year to $669 million, now comprising 64% of total ARR.
Profitability: Adjusted operating income reached $56 million (19.8% margin), and free cash flow was $49 million (17.4% margin), both exceeding guidance.
NRR & Expansion: Net revenue retention was 114%, reflecting robust cross-sell and upsell activity, with new solutions and migrations driving expansion.
Guidance Raised: Full-year ARR guidance increased by $12 million to $1.122 billion (up 28% YoY), with Q4 revenue guided at $292 million (up 22% YoY) and FY 2026 revenue at $1.069 billion (up 24% YoY).
Innovation & Product Launches: Major new products, including Agent Identity Security and Accelerated Application Management, are gaining rapid adoption and expanding SailPoint's reach.
Flex Licensing Model: New flexible licensing options are making it easier for customers to adopt and expand with SailPoint solutions, supporting migration and down-market expansion.
