Quarterly ResultJun 10, 2026, 04:27 PM
SailPoint Q1 Revenue $280.1M; Net Loss Narrows to $74.7M
AI Summary
SailPoint, Inc. reported its quarterly results for the period ending April 30, 2026. Total revenue increased to $280.14 million, up from $230.47 million in the prior year. The company significantly reduced its net loss to $74.67 million from $187.31 million year-over-year, with a corresponding improvement in net loss per share to $0.13 from $0.42. Total assets and liabilities saw a slight decrease, while cash and cash equivalents increased. The company also highlighted substantial remaining performance obligations.
Key Highlights
- SailPoint reported total revenue of $280.14 million for the three months ended April 30, 2026, an increase from $230.47 million in the prior year.
- Net loss for the period was $74.67 million, compared to a net loss of $187.31 million in the same period last year.
- Basic and diluted net loss per share was $0.13 for the three months ended April 30, 2026, an improvement from $0.42 in the prior year.
- Total assets decreased to $7.53 billion as of April 30, 2026, from $7.60 billion as of January 31, 2026.
- Total liabilities decreased to $683.73 million as of April 30, 2026, from $751.33 million as of January 31, 2026.
- Cash and cash equivalents increased to $390.81 million as of April 30, 2026, from $358.14 million as of January 31, 2026.
- The company recognized $1.8 billion in remaining performance obligations as of April 30, 2026, expecting to recognize $886.6 million in the next 12 months.
Price Impact
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