SAILSailPoint, Inc.
Services-Prepackaged Software
- Revenue
- $1.1B
- 24% YoY
- Operating margin
- -28.7%
- 31% YoY
- EBITDA
- −$97M
- 299% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$310M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired24% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired69% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|
| Revenue | $700M | $862M | $1.1B | 24% |
| Operating income | −$333M | −$189M | −$307M | 63% |
| Net income | −$395M | −$316M | −$270M | 14% |
| Operating cash flow | −$250M | −$106M | $71M | 166% |
| Capex | $3M | $5M | $6M | 12% |
| Stock-based comp | $37M | $32M | $255M | 704% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $10M · 30
- Net
- −$10M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $80M | $88M | 71 | 75 |