SailPoint Inc. (SAIL) Q3 2026 Earnings — Revenue Beat, Continued Losses

SailPoint Inc. (SAIL) — Q3 2026 Earnings

Highlights versus expectations and year-over-year performance:

Revenue of $281.9 million, up 42.0% year-over-year and above the estimate of $275.7 million.

Gross profit of $187.0 million, up 51.7% year-over-year, while cost of sales rose to $94.9 million (up 26.1% YoY).

Profitability and per-share results:

Operating loss of -$41.6 million, a deterioration of 36.8% year-over-year.

Net loss attributable to common shareholders of -$36.0 million, down 85.4% year-over-year.

Diluted loss per share of -0.06 versus an EPS estimate of 0.0606 (miss).

Cash flow and balance sheet snapshot:

Cash from operating activities of $53.6 million, a steep decline of 546.4% year-over-year.

Capital expenditures (purchases of property, plant and equipment) of -$1.0 million, down 56.0% YoY.

Cash and cash equivalents of $298.1 million, up 145.8% year-over-year; total liabilities of $645.2 million, down 64.2% YoY.

Takeaway:

SailPoint (SAIL) delivered strong top-line growth and expanding gross profit, beating revenue estimates, but the company remains unprofitable at the operating and net levels and missed on EPS. The cash balance strengthened materially year-over-year, though operating cash flow weakened significantly; investors should watch the path to operating profitability and cash generation.

SailPoint Inc. Insider Trading Activity

SailPoint Inc. insiders have traded $SAIL stock on the open market 32 times in the past 6 months. Of those trades, 0 have been purchases and 32 have been sales.

Here’s a breakdown of recent trading of $SAIL stock by insiders over the last 6 months:

MARK D. MCCLAIN (Chief Executive Officer) has made 0 purchases and 5 sales selling 468,486 shares for an estimated $10,527,453.
MATT MILLS (President) has made 0 purchases and 5 sales selling 163,650 shares for an estimated $3,677,415.
BRIAN CAROLAN (Chief Financial Officer) has made 0 purchases and 5 sales selling 157,763 shares for an estimated $3,543,168.
CHRISTOPHER SCHMITT (General Counsel and Secretary) has made 0 purchases and 5 sales selling 91,294 shares for an estimated $2,051,488.
ABBY PAYNE (Chief People Officer) has made 0 purchases and 5 sales selling 84,072 shares for an estimated $1,889,201.
CHANDRASEKAR GNANASAMBANDAM (EVP Product & CTO) has made 0 purchases and 5 sales selling 52,739 shares for an estimated $1,184,541.
RONALD J GREEN has made 0 purchases and 2 sales selling 8,450 shares for an estimated $184,538.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

SailPoint Inc. Hedge Fund Activity

We have seen 124 institutional investors add shares of SailPoint Inc. stock to their portfolio, and 91 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

LUNATE CAPITAL LTD added 24,191,700 shares (+806.4%) to their portfolio in Q3 2025, for an estimated $534,152,735
NORGES BANK added 4,912,362 shares (+inf%) to their portfolio in Q2 2025, for an estimated $112,296,595
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 2,516,713 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $55,569,023
UBS GROUP AG added 2,219,593 shares (+116.3%) to their portfolio in Q3 2025, for an estimated $49,008,613
INFINITUM ASSET MANAGEMENT, LLC removed 1,875,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $42,862,500
EVERGREEN QUALITY FUND GP, LTD. added 1,497,600 shares (+inf%) to their portfolio in Q3 2025, for an estimated $33,067,007
HOLOCENE ADVISORS, LP removed 1,322,056 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $29,190,996

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

SailPoint Inc. Analyst Ratings

Wall Street analysts have issued reports on $SAIL in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 09/30/2025
BMO Capital issued a "Outperform" rating on 09/10/2025
Scotiabank issued a "Sector Outperform" rating on 09/03/2025
Morgan Stanley issued a "Overweight" rating on 09/02/2025
Stephens & Co. issued a "Overweight" rating on 08/12/2025
Cantor Fitzgerald issued a "Overweight" rating on 06/30/2025

To track analyst ratings and price targets for SailPoint Inc., check out Quiver Quantitative's $SAIL forecast page.

SailPoint Inc. Price Targets

Multiple analysts have issued price targets for $SAIL recently. We have seen 12 analysts offer price targets for $SAIL in the last 6 months, with a median target of $25.0.

Here are some recent targets:

Saket Kalia from Barclays set a target price of $23.0 on 12/04/2025
Gregg Moskowitz from Mizuho set a target price of $24.0 on 11/17/2025
Shrenik Kothari from Baird set a target price of $26.0 on 10/27/2025
Andrew Nowinski from Wells Fargo set a target price of $23.0 on 09/30/2025
Gray Powell from BTIG set a target price of $29.0 on 09/30/2025
Keith Bachman from BMO Capital set a target price of $25.0 on 09/10/2025
Patrick Colville from Scotiabank set a target price of $25.0 on 09/03/2025