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How SailPoint (SAIL) makes money

SailPoint (SAIL) made $309M of revenue in the second quarter fiscal 2027 (Q2 FY27), +17% from a year earlier. Subscription brought in $295M (96%); Services and other brought in $13.6M (4%).

Drawing the Sankey…

SailPoint revenue by segment, Q2 FY27SailPoint revenue by segment, Q2 FY27Subscription$295MServices and other$13.6M
SailPoint: revenue by line, Q1 FY26 to Q2 FY27SailPoint: revenue by line, Q1 FY26 to Q2 FY27SubscriptionServices and otherPerpetual licensesSubscription: $295M latest$295MServices and other: $13.6M latestPerpetual licenses: $0 latestQ1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Subscription went from 93% of revenue in Q1 FY26 to 96% in Q2 FY27, the largest shift in the mix.
SailPoint revenue by quarterSailPoint revenue by quarter$240MQ4 FY25$230MQ1 FY26$264MQ2 FY26$282MQ3 FY26$295MQ4 FY26$280MQ1 FY27$309MQ2 FY27
SailPoint: where each dollar of revenue goesSailPoint: where each dollar of revenue goesOperating cash flow15¢Free cash flow14¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Subscription$295M95.6%+11%+19%
  ↳ SaaS$194M62.8%+9%+34%
  ↳ Term subscriptions$56.2M18.2%+28%-3%
  ↳ Maintenance and support$35.5M11.5%+3%-8%
  ↳ Other subscription services$9.7M3.1%+9%+47%
Services and other$13.6M4.4%-5%-17%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$309M100.0%
Operating cash flow$45.0M14.6%
Free cash flow$43.0M13.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$309M+17%
Q1 FY27$280M+22%
Q4 FY26$295M+23%
Q3 FY26$282M+20%
Q2 FY26$264M+33%
Q1 FY26$230M+23%
Q4 FY25$240M—

From SailPoint's 10-Q filed Sep 10, 2026 (on EDGAR).

Questions

How does SailPoint make money?

SailPoint (SAIL) made $309M of revenue in the second quarter fiscal 2027 (Q2 FY27), +17% from a year earlier. Subscription brought in $295M (96%); Services and other brought in $13.6M (4%).

What is SailPoint's biggest business?

Subscription: $295M in the second quarter fiscal 2027, 96% of revenue, +19% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.