SAIL earnings analysis
What we found in SAIL's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
SailPoint, Inc. reported robust Q1 2027 results with revenue reaching $280.14 million, exceeding the estimate of $276.12 million and displaying a year-over-year growth of 22%. The company also achieved a positive EPS of $0.05, marking a notable improvement from the prior year's loss of $0.42. Management indicated strong demand for their SaaS offerings and raised guidance for Q2 2027 to between $308 to $312 million in revenue.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 22% YoY
- Revenue increased by $49.67 million from $230.47 million in the prior year to $280.14 million.
- Positive EPS of $0.05
- This represents a significant recovery from a loss per share of $0.42 in the prior period.
- Improved Gross Margin
- Gross margin increased to 65% from 55% year-over-year due to efficient cost management.
- SaaS ARR Growth
- SaaS ARR rose to $781.1 million, up 36% year-over-year, reflecting stronger demand for subscription services.
- Strong Free Cash Flow
- Free cash flow improved to $32.52 million from negative $100.70 million in the prior year.
- Segment Performance Improvement
- Subscription revenue increased by $50.5 million, or 23%, driven by a focus on SaaS products.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Operating Expenses
- Total operating expenses remain high at $260.94 million, representing 93% of revenue.
- Interest Expense Volatility
- Interest expense decreased significantly but could pose risks if borrowing is utilized.
- Dependency on SaaS Transition
- Continued shifts towards SaaS could lead to pressure on current revenue recognition metrics.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.05
- Gross margin
- 65%
- Segment
- Subscription
- Segment
- Professional Services
What they said about what is next.
Management expects Q2 2027 revenue of $308 to $312 million and EPS of $0.07 to $0.08.
The filing reads better than the one before it.
What came before.
- 10-Q · September 10, 2025
- SailPoint reported quarterly revenue of $264,359,000, up from $198,575,000 a year earlier, with gross profit of $177,806,000 (67.3% margin) and an operating loss of $40,798,000 (-15.4% op margin). The company generated…
- 10-Q · June 12, 2025
- SailPoint reported Q1 (three months ended April 30, 2025) revenue of $230.468M, up $42.812M (22.8%) versus $187.656M a year ago, led by subscription growth. Gross profit rose to $127.655M but gross margin compressed to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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