SailPoint, Inc.
SAIL · Services-Prepackaged Software · 567.2M shares · EDGAR filings ↗
Net buyback after stock comp: -$36M (gross $1M, SBC $37M)
Reference price $20.00 · est. market cap ~$11.3B — last insider sale, 2026-06-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C58Identity-security SaaS (re-IPO) — GAAP losses but positive free cash flow and growth.
Strengths
- Positive free cash flow, growth — FCF $65M (32nd), FCF margin 6%, revenue +24% (76th)
- Good gross margin — 64%
Risks
- GAAP losses — operating margin -29%, net margin -25%
- Competition — per 10-K
- Growth-durability dependence — per 10-K
Notable findings
- Net lossNet loss (net margin -25.2%)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~94% of revenue from one customer/distributor — This transition is substantially complete with subscription revenue, which consists primarily of SaaS, maintenance, and term subscriptions, comprising 94%, 92% and 89% of our total revenue for the yea
- Strong balance sheetStrong balance sheet — $358M cash & investments
- Insider sellingInsider selling — 50 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$13M, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC, STATE STREET CORP +2 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: RENAISSANCE TECHNOLOGIES LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
64.5%
Operating margin
-28.7%
Net margin
-25.2%
Return on equity
-3.9%
Return on assets
-3.6%
ROIC
-3.5%
Revenue growth (QoQ)
-4.9%
Debt / equity
0.0×
Current ratio
1.3×
Free cash flow
$65M
EBITDA
-$97M
Tangible book value
$317M
Cash & investments
$358M
Stock comp / revenue
23.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | HAGAN JAMES MALCOLM | Grant | 14K | — |
| 2026-06-04 | Green Ronald J | Grant | 14K | — |
| 2026-06-04 | Newell Tracey | Grant | 14K | — |
| 2026-06-04 | BOCK WILLIAM G | Grant | 14K | — |
| 2026-06-01 | REZVAN MITRA | Sell | 7.5K | $20.00 |
| 2026-04-09 | REZVAN MITRA | Sell | 3.3K | $11.42 |
| 2026-04-09 | REZVAN MITRA | Sell | 162 | $12.21 |
| 2026-04-09 | Schmitt Christopher | Sell | 18K | $11.42 |
| 2026-04-09 | Gnanasambandam Chandrasekar | Sell | 19K | $11.42 |
| 2026-04-09 | Gnanasambandam Chandrasekar | Sell | 939 | $12.21 |
| 2026-04-09 | McClain Mark D. | Sell | 4.3K | $12.21 |
| 2026-04-09 | Payne Abby | Sell | 16K | $11.42 |
| 2026-04-09 | Payne Abby | Sell | 792 | $12.21 |
| 2026-04-09 | McClain Mark D. | Sell | 89K | $11.42 |
| 2026-04-09 | CAROLAN BRIAN | Sell | 45K | $11.42 |
| 2026-04-09 | Schmitt Christopher | Sell | 880 | $12.21 |
| 2026-04-09 | Mills Matt | Sell | 1.6K | $12.21 |
| 2026-04-09 | Mills Matt | Sell | 33K | $11.42 |
| 2026-04-09 | CAROLAN BRIAN | Sell | 2.2K | $12.21 |
| 2026-04-08 | Gnanasambandam Chandrasekar | Sell | 8.5K | $12.80 |
| 2026-04-08 | REZVAN MITRA | Sell | 1.7K | $12.80 |
| 2026-04-08 | Payne Abby | Sell | 12K | $12.80 |
| 2026-04-08 | Schmitt Christopher | Sell | 14K | $12.80 |
| 2026-04-08 | Mills Matt | Sell | 25K | $12.80 |
| 2026-04-08 | McClain Mark D. | Sell | 67K | $12.80 |
| 2026-04-08 | CAROLAN BRIAN | Sell | 18K | $12.80 |
| 2026-04-07 | Schmitt Christopher | Sell | 14K | $12.72 |
| 2026-04-07 | Payne Abby | Sell | 12K | $12.72 |
| 2026-04-07 | CAROLAN BRIAN | Sell | 18K | $12.72 |
| 2026-04-07 | Mills Matt | Sell | 25K | $12.72 |
| 2026-04-07 | McClain Mark D. | Sell | 67K | $12.72 |
| 2026-04-07 | Gnanasambandam Chandrasekar | Sell | 8.5K | $12.72 |
| 2026-04-07 | REZVAN MITRA | Sell | 1.7K | $12.72 |
| 2026-03-04 | Schmitt Christopher | Grant | 358K | — |
| 2026-03-04 | Gnanasambandam Chandrasekar | Grant | 489K | — |
| 2026-03-04 | Payne Abby | Grant | 293K | — |
| 2026-03-04 | REZVAN MITRA | Grant | 85K | — |
| 2026-03-04 | Mills Matt | Grant | 684K | — |
| 2026-03-04 | McClain Mark D. | Grant | 1.5M | — |
| 2026-03-04 | CAROLAN BRIAN | Grant | 593K | — |
| 2026-01-08 | CAROLAN BRIAN | Sell | 31K | $19.57 |
| 2026-01-08 | Schmitt Christopher | Sell | 4.5K | $19.57 |
| 2026-01-08 | Gnanasambandam Chandrasekar | Sell | 4.2K | $19.57 |
| 2026-01-08 | McClain Mark D. | Sell | 53K | $19.57 |
| 2026-01-08 | REZVAN MITRA | Sell | 3.8K | $19.57 |
| 2026-01-08 | Payne Abby | Sell | 3.6K | $19.57 |
| 2026-01-08 | Mills Matt | Sell | 14K | $19.57 |
| 2026-01-07 | Gnanasambandam Chandrasekar | Sell | 4.4K | $19.90 |
| 2026-01-07 | Payne Abby | Sell | 9.3K | $19.90 |
| 2026-01-07 | REZVAN MITRA | Sell | 3.8K | $19.90 |
| 2026-01-07 | Schmitt Christopher | Sell | 10K | $19.90 |
| 2026-01-07 | Mills Matt | Sell | 18K | $19.90 |
| 2026-01-07 | McClain Mark D. | Sell | 52K | $19.90 |
| 2026-01-07 | CAROLAN BRIAN | Sell | 13K | $19.90 |
| 2026-01-06 | REZVAN MITRA | Sell | 4.5K | $19.23 |
| 2026-01-06 | Payne Abby | Sell | 11K | $19.23 |
| 2026-01-06 | CAROLAN BRIAN | Sell | 15K | $19.23 |
| 2026-01-06 | Mills Matt | Sell | 21K | $19.23 |
| 2026-01-06 | McClain Mark D. | Sell | 61K | $19.23 |
| 2026-01-06 | Schmitt Christopher | Sell | 12K | $19.23 |
| 2026-01-06 | Gnanasambandam Chandrasekar | Sell | 5.1K | $19.23 |
| 2025-10-10 | Green Ronald J | Sell | 8.0K | $21.80 |
| 2025-10-10 | Green Ronald J | Sell | 500 | $22.40 |
| 2025-10-09 | CAROLAN BRIAN | Sell | 85K | $22.42 |
| 2025-10-09 | McClain Mark D. | Sell | 175K | $22.42 |
| 2025-10-09 | Schmitt Christopher | Sell | 34K | $22.42 |
| 2025-10-09 | Payne Abby | Sell | 31K | $22.42 |
| 2025-10-09 | Gnanasambandam Chandrasekar | Sell | 27K | $22.42 |
| 2025-10-09 | Mills Matt | Sell | 61K | $22.42 |
| 2025-10-08 | Mills Matt | Sell | 9.7K | $22.91 |
| 2025-10-08 | Gnanasambandam Chandrasekar | Sell | 10K | $22.34 |
| 2025-10-08 | Gnanasambandam Chandrasekar | Sell | 2.4K | $22.91 |
| 2025-10-08 | Payne Abby | Sell | 22K | $22.34 |
| 2025-10-08 | Payne Abby | Sell | 5.0K | $22.91 |
| 2025-10-08 | Schmitt Christopher | Sell | 23K | $22.34 |
| 2025-10-08 | Schmitt Christopher | Sell | 5.4K | $22.91 |
| 2025-10-08 | Mills Matt | Sell | 42K | $22.34 |
| 2025-10-08 | McClain Mark D. | Sell | 120K | $22.34 |
| 2025-10-08 | McClain Mark D. | Sell | 28K | $22.91 |
| 2025-10-08 | CAROLAN BRIAN | Sell | 30K | $22.34 |
| 2025-10-08 | CAROLAN BRIAN | Sell | 6.9K | $22.91 |
| 2025-10-07 | Payne Abby | Sell | 9.9K | $23.24 |
| 2025-10-07 | Payne Abby | Sell | 16K | $22.13 |
| 2025-10-07 | McClain Mark D. | Sell | 90K | $22.13 |
| 2025-10-07 | McClain Mark D. | Sell | 55K | $23.24 |
| 2025-10-07 | Mills Matt | Sell | 19K | $23.24 |
| 2025-10-07 | Mills Matt | Sell | 31K | $22.13 |
| 2025-10-07 | Gnanasambandam Chandrasekar | Sell | 4.8K | $23.24 |
| 2025-10-07 | CAROLAN BRIAN | Sell | 22K | $22.13 |
| 2025-10-07 | CAROLAN BRIAN | Sell | 14K | $23.24 |
| 2025-10-07 | Schmitt Christopher | Sell | 17K | $22.13 |
| 2025-10-07 | Schmitt Christopher | Sell | 11K | $23.24 |
| 2025-10-07 | Gnanasambandam Chandrasekar | Sell | 7.8K | $22.13 |
| 2025-05-27 | REZVAN MITRA | Grant | 42K | — |
| 2025-02-27 | Gnanasambandam Chandrasekar | Grant | 584K | — |
| 2025-02-27 | BOCK WILLIAM G | Grant | 23K | — |
| 2025-02-27 | Newell Tracey | Grant | 23K | — |
| 2025-02-27 | Green Ronald J | Grant | 23K | — |
| 2025-02-27 | Weston Kristin | Grant | 23K | — |
| 2025-02-27 | HAGAN JAMES MALCOLM | Grant | 23K | — |
| 2025-02-21 | REZVAN MITRA | Grant | 90K | — |
| 2025-02-21 | McClain Mark D. | Grant | 3.3M | — |
| 2025-02-21 | Payne Abby | Grant | 601K | — |
| 2025-02-21 | Schmitt Christopher | Grant | 652K | — |
| 2025-02-21 | Mills Matt | Grant | 1.2M | — |
| 2025-02-21 | CAROLAN BRIAN | Grant | 834K | — |
| 2025-02-14 | THOMA BRAVO UGP, LLC | Sell | 2.5M | $21.91 |
| 2025-02-14 | THOMA BRAVO UGP, LLC | Sell | 2.5M | $21.91 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-08 | 0002030781-26-000015 ↗ |
| 8-K | 2026-06-10 | 2026-06-04 | 0002030781-26-000013 ↗ |
| 10-Q | 2026-06-10 | 2026-04-30 | 0002030781-26-000011 ↗ |
| 8-K | 2026-06-09 | 2026-06-09 | 0002030781-26-000008 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001628280-26-033016 ↗ |
| 10-K | 2026-03-19 | 2026-01-31 | 0002030781-26-000003 ↗ |
| 8-K | 2026-03-18 | 2026-03-18 | 0001628280-26-019034 ↗ |
| 10-Q | 2025-12-10 | 2025-10-31 | 0002030781-25-000051 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0002030781-25-000048 ↗ |
| 8-K | 2025-09-24 | 2025-09-18 | 0002030781-25-000038 ↗ |
| 10-Q | 2025-09-10 | 2025-07-31 | 0002030781-25-000035 ↗ |
| 8-K | 2025-09-09 | 2025-09-09 | 0002030781-25-000031 ↗ |