Filing Flows › SailPoint (SAIL) › Q2 FY27
SailPoint (SAIL) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Sep 10, 2026
SailPoint (SAIL) reported revenue of $309M for the second quarter fiscal 2027 (Q2 FY27), +17% from a year earlier and +10% from the quarter before. Operating margin was -19.1%, net loss $50.4M (16.3% of revenue).
SailPoint, Q2 FY27: revenue $309M (+17% year over year), operating margin -19.1%, net loss $50.4M, operating cash flow $45.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $309M | +10% | +17% |
| Operating profit | −$59.0M | — | — |
| Net earnings | −$50.4M | — | — |
| Operating cash flow | $45.0M | +18% | -10% |
| Free cash flow | $43.0M | +15% | -12% |
What changed
Revenue was $308.8M in Q2 FY27, up 17% year over year and up 10% from the previous quarter. SaaS was the largest line at 63% of revenue. SaaS added $49.1M year over year (up 34%), 110% of the total change. Services and other declined 17%.
Gross margin was 66.5%, down 0.8 points from Q2 FY26. Operating costs exceeded revenue by $59.0M, an operating margin of -19.1%. Operating expenses grew 21% against revenue growth of 17%. The fastest-growing cost line was Research & development (+29%). The quarter ended with a net loss of $50.4M, narrower than the previous quarter's $74.7M loss.
Operating cash flow was $45.0M (down 10% year over year). Non-cash charges added back $53.6M of depreciation and amortization and $68.3M of share-based compensation. Working capital and other items used $26.6M. Capital expenditures of $1.9M left free cash flow of $43.0M.
Questions
What was SailPoint's revenue in the second quarter fiscal 2027?
SailPoint (SAIL) reported revenue of $309M for the second quarter fiscal 2027 (Q2 FY27), +17% from a year earlier and +10% from the quarter before.
Was SailPoint profitable in the second quarter fiscal 2027?
Operating loss was $59.0M (-19.1% of revenue) and net loss $50.4M.
Source: SailPoint 10-Q on SEC EDGAR.