Filing Flows › SailPoint (SAIL) › Q2 FY27 › vs Q2 FY26
SailPoint (SAIL) Q2 FY27 vs Q2 FY26 (year over year)
SailPoint's revenue rose $44.5M (+17%) from $264M in Q2 FY26 to $309M in Q2 FY27. The biggest changes: Subscription +$47.3M (+19%); Services and other −$2.8M (-17%).
SailPoint, Q2 FY27: revenue $309M (+17% year over year), operating margin -19.1%, net loss $50.4M, operating cash flow $45.0M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 13.9% | 18.5% | -4.6 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| SaaS | $194M | $145M | $49.1M | +34% |
| Term subscriptions | $56.2M | $58.1M | −$1.9M | -3% |
| Maintenance and support | $35.5M | $38.5M | −$3.0M | -8% |
| Other subscription services | $9.7M | $6.6M | $3.1M | +47% |
| Subscription | $295M | $248M | $47.3M | +19% |
| Services and other | $13.6M | $16.4M | −$2.8M | -17% |
| Revenue | $309M | $264M | $44.5M | +17% |
| Other income, net | $1.8M | −$1.1M | $2.9M | — |
| Income tax benefit | $6.8M | $31.3M | −$24.5M | -78% |
| Net loss | $50.4M | $10.6M | $39.8M | +377% |
| Costs & expenses | $368M | $306M | $61.5M | +20% |
| Operating costs | $368M | $305M | $62.6M | +21% |
| Cost of revenue | $103M | $86.6M | $16.9M | +19% |
| Research & development | $62.2M | $48.1M | $14.1M | +29% |
| Sales & marketing | $156M | $131M | $24.6M | +19% |
| General & admin | $46.3M | $39.2M | $7.1M | +18% |
| Operating cash sources | $122M | $101M | $21.1M | +21% |
| Depreciation & amortization | $53.6M | $52.5M | $1.2M | +2% |
| Share-based compensation | $68.3M | $48.3M | $20.0M | +41% |
| Net loss absorbed | $50.4M | $10.6M | $39.8M | +377% |
| Working capital & other | $26.6M | $40.3M | −$13.7M | -34% |
| Operating cash flow | $45.0M | $49.9M | −$5.0M | -10% |
| Free cash flow (OCF − capex) | $43.0M | $49.0M | −$6.0M | -12% |
| Capital expenditures | $1.9M | $962K | $972K | +101% |
Questions
How much did SailPoint's revenue grow year over year in Q2 FY27?
SailPoint's revenue rose $44.5M (+17%) from $264M in Q2 FY26 to $309M in Q2 FY27.
What drove SailPoint's revenue change in Q2 FY27?
Subscription +$47.3M (+19%); Services and other −$2.8M (-17%).