SailPoint Soars on Q1 Results

SailPoint, Inc. (NASDAQ: SAIL) shares took off like a speedboat Wednesday. The Austin, Texas-based company, a leader in enterprise identity security, today announced financial results for its fiscal first quarter ended April 30, 2025.“We delivered another strong quarter, driven by continued expansion across our customer base and strong adoption among Fortune 500 and Forbes Global 2000 companies,” said CEO Mark McClain. Total Annual Recurring Revenue (ARR) was $925 million, an increase of 30% year-over-year. SaaS ARR was $574 million, an increase of 39% year-over-year.Total revenue was $230 million, an increase of 23% year-over-year. Subscription revenue was $215 million, an increase of 27% year-over-year.GAAP operating loss was $(185) million, or (80)% of revenue, compared to $(68) million, or (36)% of revenue in fiscal Q1 2025. Adjusted income from operations was $24 million, or 10% of revenue, compared to $19 million, or 10% of revenue in fiscal Q1 2025.Enterprises are turning to SailPoint to manage both human and digital identities at the scale and speed required to stay ahead. Our ability to deliver both breadth and depth of identity security—on a platform that’s AI and data-driven and built for extensibility—combined with disciplined execution, fuel our consistent performance.”“At SailPoint,” reads this morning’s news release, “we believe enterprise security must start with identity at the foundation. Today’s enterprise runs on a diverse workforce of not just human but also digital identities—and securing them all is critical.” SAIL shares jumped $3.44, or 17%, to $23.09.