Core Insights - SailPoint, Inc. reported strong financial results for its fiscal first quarter ended April 30, 2025, highlighting continued expansion among its customer base, particularly within Fortune 500 and Forbes Global 2000 companies [2][3] - The company emphasizes its AI and data-driven identity security platform, which is designed for extensibility and resilience, as a key factor in its consistent performance [2][3] Financial Highlights - Total Annual Recurring Revenue (ARR) reached $925 million, a 30% year-over-year increase, with SaaS ARR growing 39% year-over-year to $574 million [6][7] - Total revenue for the quarter was $230 million, reflecting a 23% year-over-year increase, with subscription revenue at $215 million, up 27% year-over-year [7][39] - The company reported a GAAP operating loss of $(185) million, or (80)% of revenue, compared to $(68) million, or (36)% of revenue in the same quarter of the previous year [7][40] Financial Outlook - For Q2 and the full year of fiscal 2026, SailPoint expects total ARR guidance of $963 to $967 million, with a year-over-year growth rate of 26% [4] - Total revenue guidance for Q2 is projected between $242 to $244 million, with a year-over-year growth rate of 22% to 23% [4] - Adjusted earnings per share (EPS) for the full year is expected to be between $0.16 to $0.20, compared to prior guidance of $0.14 to $0.18 [4] Operational Metrics - The number of customers with more than $1 million in ARR increased by 62% year-over-year, indicating strong customer retention and growth [6] - The company’s adjusted operating margin for the quarter was 10.2%, consistent with the previous year [40] Cash Flow and Balance Sheet - Cash and cash equivalents as of April 30, 2025, were $228.1 million, up from $121.3 million at the end of the previous quarter [33] - The company reported net cash used in operating activities of $(96.8) million for the quarter, compared to $(55.4) million in the same period last year [36]
SailPoint Announces Fiscal First Quarter 2026 Results