Filing Flows › SailPoint (SAIL) › Q1 FY26
SailPoint (SAIL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 12, 2025
SailPoint (SAIL) reported revenue of $230M for the first quarter fiscal 2026 (Q1 FY26), +23% from a year earlier and -4% from the quarter before. Operating margin was -80.3%, net loss $187M (81.3% of revenue).
SailPoint, Q1 FY26: revenue $230M (+23% year over year), operating margin -80.3%, net loss $187M, operating cash flow −$96.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $230M | -4% | +23% |
| Operating profit | −$185M | — | — |
| Net earnings | −$187M | — | — |
| Operating cash flow | −$96.8M | -802% | — |
What changed
Revenue was $230.5M in Q1 FY26, up 23% year over year and down 4% from the previous quarter. SaaS was the largest line at 57% of revenue. SaaS added $34.7M year over year (up 36%), 81% of the total change. Perpetual licenses declined 93%.
Gross margin was 55.4%, down 6.2 points from a year earlier. Operating costs exceeded revenue by $185.0M, an operating margin of -80.3%. Operating expenses grew 70% against revenue growth of 23%. The fastest-growing cost line was General & admin (+201%). The quarter ended with a net loss of $187.3M, wider than the previous quarter's $80.1M loss.
Operating cash flow was −$96.8M. Non-cash charges added back $52.1M of depreciation and amortization and $105.7M of share-based compensation. Working capital and other items used $67.3M. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$99.0M.
Questions
What was SailPoint's revenue in the first quarter fiscal 2026?
SailPoint (SAIL) reported revenue of $230M for the first quarter fiscal 2026 (Q1 FY26), +23% from a year earlier and -4% from the quarter before.
Was SailPoint profitable in the first quarter fiscal 2026?
Operating loss was $185M (-80.3% of revenue) and net loss $187M.
Source: SailPoint 10-Q on SEC EDGAR.