Revenue Growth - Total Annual Recurring Revenue (ARR) reached $877 million, a 29% year-over-year increase[8] - SaaS ARR was $540 million, reflecting a 39% year-over-year growth[8] - Total revenue for fiscal 2025 was $862 million, an 18% increase compared to the previous year[8] - Subscription revenue amounted to $794 million, up 27% year-over-year[8] - Total revenue guidance for Q1 fiscal 2026 is projected between $224 to $226 million, representing 19% to 20% year-over-year growth[8] - Total revenue for the three months ended January 31, 2025, was $240.1 million, a 18.5% increase from $202.7 million in the same period of 2024[36] - Subscription revenue reached $224.4 million for the three months ended January 31, 2025, up 21.8% from $184.3 million year-over-year[36] Profitability and Loss - GAAP operating loss for fiscal Q4 2025 was $30 million, or (12.6)% of revenue, an improvement from a loss of $65 million in Q4 2024[8] - Adjusted income from operations for fiscal 2025 was $133 million, representing a 15.4% operating margin[8] - The net loss for the year ended January 31, 2025, was $315.8 million, an improvement from a net loss of $395.4 million in 2024[40] - GAAP income from operations for the three months ended January 31, 2025, was a loss of $30.214 million, an improvement from a loss of $65.228 million in 2024, resulting in an operating margin of -12.6%[42] - Adjusted income from operations for the twelve months ended January 31, 2025, was $132.744 million, significantly higher than $54.250 million in 2024, with an adjusted operating margin of 15.4%[42] Customer Growth - The company reported an approximately 80% year-over-year increase in the number of customers with more than $1 million of ARR[7] Financial Position - Cash and cash equivalents decreased to $121.3 million as of January 31, 2025, down from $211.6 million in 2024[38] - Total assets as of January 31, 2025, were $7.4 billion, a slight decrease from $7.6 billion in 2024[38] - The company’s long-term debt decreased to $1.0 billion as of January 31, 2025, from $1.6 billion in 2024[38] Deferred Revenue and Expenses - The company reported a deferred revenue of $413.0 million for the three months ended January 31, 2025, compared to $335.5 million in the same period of 2024, indicating a 23.1% increase[38] - Research and development expenses for the twelve months ended January 31, 2025, were $169.7 million, down from $180.8 million in 2024[36] - Equity-based compensation expense for the three months ended January 31, 2025, was $3.797 million, compared to $2.782 million in 2024[42] - Amortization of acquired intangible assets for the twelve months ended January 31, 2025, totaled $103.483 million, slightly up from $102.967 million in 2024[42] - Restructuring costs for the twelve months ended January 31, 2025, were reported as $3,541 million, compared to $94 million in 2024[42] Gross Profit - Gross profit for the twelve months ended January 31, 2025, was $555.9 million, compared to $422.9 million in 2024, reflecting a 31.4% increase[36] - GAAP gross profit for the three months ended January 31, 2025, was $159.772 million, an increase from $129.735 million in the same period of 2024, resulting in a gross profit margin of 66.5% compared to 64.0%[42] - Adjusted gross profit for the twelve months ended January 31, 2025, reached $673.132 million, up from $538.503 million in 2024, with an adjusted gross profit margin of 78.1%[42] - GAAP subscription gross profit for the three months ended January 31, 2025, was $161.972 million, compared to $129.471 million in 2024, achieving a subscription gross profit margin of 72.2%[42] - Adjusted subscription gross profit for the twelve months ended January 31, 2025, was $667.786 million, an increase from $525.415 million in 2024, with an adjusted subscription gross profit margin of 84.1%[42] Performance Metrics - SailPoint's performance exceeded the "Rule of 40" benchmark, combining growth and profitability metrics effectively[3] - The weighted average Class B units outstanding increased to 86,781 for the three months ended January 31, 2025, compared to 81,651 in the same period of 2024[36]