SailPoint
SAIL on Nasdaq. SailPoint sells identity security software to organizations. Market value $11.6bn.
Price checks use the past 12 months to July 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to January 2026.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $0.46 of spare cash last year. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: not known. Price score: 2 of 100. Our list needs 70 on quality and 60 on price.
$19.91 a share, 93% above its 1-year low
Over the past year the price has ranged from $10.30 to $23.90.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |
| Revenue | $1.1bn |
| Operating margin | |
| Operating margin | -28.7% |
| Debt to equity | |
| Debt to equity | 0.00 |
| Shares outstanding | |
| Shares outstanding | 0.57bn |
Health checks
- Free cash flow positive1 of 1 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)Not enough data
- Profit backed by cash (accruals)Not enough data
- Debt0.00× equity
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
The quarter to July 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $309 million last quarter, up 17% on a year ago.
- A loss of $50 million, compared with a loss of $11 million a year ago.
- 2% more shares than a year ago. Each share owns a bit less of the company.
| Quarter to | Amount |
|---|---|
| April 2025 | $230m |
| July 2025 | $264m |
| October 2025 | $282m |
| January 2026 | $295m |
| April 2026 | $280m |
| July 2026 | $309m |
| Quarter to | Amount |
|---|---|
| April 2025 | -$187m |
| July 2025 | -$11m |
| October 2025 | -$36m |
| January 2026 | -$36m |
| April 2026 | -$75m |
| July 2026 | -$50m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 March 2026
- Next quarterly (estimated, 10-Q)
- 10 December 2026
Who owns it
2 long-term investors we follow own it, up from 0 last quarter. 238 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $5m | <0.1% | New |
| Gotham Asset ManagementJoel Greenblatt | $486,399 | <0.1% | New |
Largest holders overall
- Thoma Bravo, L.P.$7.0bn
- Norges Bank$191mNew
- UBS Group AG$67mAdded
- Wasatch Advisors LP$66mNew
- BlackRock$65mAdded
- Stephens Investment Management Group$61mAdded
- GW&K Investment Management$59mAdded
- Mirae Asset Global Etfs Holdings$53mAdded
- Driehaus Capital Management$52mNew
- Point72 Asset Management, L.P.$49mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- Thoma Bravo UGP, LLCPassive investorat least 86.2%(filed with 11 related holders)Since 31 March 2025
| Holder | Stake | Since | |
|---|---|---|---|
Thoma Bravo UGP, LLC Passive investor | at least 86.2% (filed with 11 related holders) | 31 March 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 8 sold $44m, $21m of it under preset trading plans.
- REZVAN MITRAChief Accounting OfficerSoldunder a preset trading plan
- Date
- 13 August 2026
- Shares
- 1,214
- Price
- $20.00
- Value
- $24,280
- Gnanasambandam ChandrasekarEVP Product & CTOSoldunder a preset trading plan
- Date
- 8 July 2026
- Shares
- 19,540
- Price
- $15.42
- Value
- $301,213
- Payne AbbyChief People OfficerSoldunder a preset trading plan
- Date
- 8 July 2026
- Shares
- 16,999
- Price
- $15.42
- Value
- $262,043
- REZVAN MITRAChief Accounting OfficerSoldunder a preset trading plan
- Date
- 8 July 2026
- Shares
- 3,881
- Price
- $15.42
- Value
- $59,826
- Schmitt ChristopherGeneral Counsel and SecretarySoldunder a preset trading plan
- Date
- 8 July 2026
- Shares
- 18,890
- Price
- $15.42
- Value
- $291,193
- Mills MattPresidentSoldunder a preset trading plan
- Date
- 8 July 2026
- Shares
- 34,312
- Price
- $15.42
- Value
- $528,926
- McClain Mark D.Chief Executive Officer, DirectorSoldunder a preset trading plan
- Date
- 8 July 2026
- Shares
- 93,260
- Price
- $15.42
- Value
- $1m
- CAROLAN BRIANChief Financial OfficerSoldunder a preset trading plan
- Date
- 8 July 2026
- Shares
- 46,002
- Price
- $15.42
- Value
- $709,130
- Gnanasambandam ChandrasekarEVP Product & CTOSoldunder a preset trading plan
- Date
- 7 July 2026
- Shares
- 14,878
- Price
- $16.29
- Value
- $242,339
- Payne AbbyChief People OfficerSoldunder a preset trading plan
- Date
- 7 July 2026
- Shares
- 21,542
- Price
- $16.29
- Value
- $350,885
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 August 2026 | REZVAN MITRA Chief Accounting Officer | Sold under a preset trading plan | 1,214 | $20.00 | $24,280 |
| 8 July 2026 | Gnanasambandam Chandrasekar EVP Product & CTO | Sold under a preset trading plan | 19,540 | $15.42 | $301,213 |
| 8 July 2026 | Payne Abby Chief People Officer | Sold under a preset trading plan | 16,999 | $15.42 | $262,043 |
| 8 July 2026 | REZVAN MITRA Chief Accounting Officer | Sold under a preset trading plan | 3,881 | $15.42 | $59,826 |
| 8 July 2026 | Schmitt Christopher General Counsel and Secretary | Sold under a preset trading plan | 18,890 | $15.42 | $291,193 |
| 8 July 2026 | Mills Matt President | Sold under a preset trading plan | 34,312 | $15.42 | $528,926 |
| 8 July 2026 | McClain Mark D. Chief Executive Officer, Director | Sold under a preset trading plan | 93,260 | $15.42 | $1m |
| 8 July 2026 | CAROLAN BRIAN Chief Financial Officer | Sold under a preset trading plan | 46,002 | $15.42 | $709,130 |
| 7 July 2026 | Gnanasambandam Chandrasekar EVP Product & CTO | Sold under a preset trading plan | 14,878 | $16.29 | $242,339 |
| 7 July 2026 | Payne Abby Chief People Officer | Sold under a preset trading plan | 21,542 | $16.29 | $350,885 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.