Filing Flows › SailPoint (SAIL) › Q2 FY26
SailPoint (SAIL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Sep 10, 2025
SailPoint (SAIL) reported revenue of $264M for the second quarter fiscal 2026 (Q2 FY26), +33% from a year earlier and +15% from the quarter before. Operating margin was -15.4%, net loss $10.6M (4.0% of revenue).
SailPoint, Q2 FY26: revenue $264M (+33% year over year), operating margin -15.4%, net loss $10.6M, operating cash flow $49.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $264M | +15% | +33% |
| Operating profit | −$40.8M | — | — |
| Net earnings | −$10.6M | — | — |
| Operating cash flow | $49.9M | — | — |
| Free cash flow | $49.0M | — | — |
What changed
Revenue was $264.4M in Q2 FY26, up 33% year over year and up 15% from the previous quarter. SaaS was the largest line at 55% of revenue. SaaS added $39.0M year over year (up 37%), 59% of the total change. Services and other declined 4%.
Gross margin was 67.3%, up 5.2 points from a year earlier. Operating costs exceeded revenue by $40.8M, an operating margin of -15.4%. Operating expenses grew 16% against revenue growth of 33%. The fastest-growing cost line was General & admin (+48%). The quarter ended with a net loss of $10.6M, narrower than the previous quarter's $187.3M loss.
Operating cash flow was $49.9M. Non-cash charges added back $52.5M of depreciation and amortization and $48.3M of share-based compensation. Working capital and other items used $40.3M. Capital expenditures of $1.0M left free cash flow of $49.0M.
Questions
What was SailPoint's revenue in the second quarter fiscal 2026?
SailPoint (SAIL) reported revenue of $264M for the second quarter fiscal 2026 (Q2 FY26), +33% from a year earlier and +15% from the quarter before.
Was SailPoint profitable in the second quarter fiscal 2026?
Operating loss was $40.8M (-15.4% of revenue) and net loss $10.6M.
Source: SailPoint 10-Q on SEC EDGAR.