SailPoint
SailPoint, founded in 2005 by Mark McClain, is an enterprise identity security company headquartered in Austin, Texas.
Profile
SailPoint provides an enterprise platform that manages and secures access to applications and data for both human and machine identities, using real-time risk assessment and automated access controls.
SailPoint, founded in 2005 by Mark McClain, is an enterprise identity security company headquartered in Austin, Texas. The company went public in 2017, was taken private by Thoma Bravo in a $6.9 billion deal in 2022, and returned to the Nasdaq in February 2025 with a $12.8 billion valuation, raising $1.38 billion in an upsized IPO. For the fiscal year ending January 31, 2026, SailPoint reported total revenue of $1.07 billion, up 24.35% year-over-year, with annual recurring revenue (ARR) reaching $925 million as of Q1 2026 (April 30, 2025), a 30% increase.
SaaS ARR grew 39% to $574 million. The company's product portfolio includes the SailPoint Platform, which unifies identity, data, and security intelligence; the Agentic Fabric for AI agent security; Agent Identity Security; Machine Identity Security; Data Access Security; and Observability & Insights. SailPoint serves large enterprises, including General Motors and Hershey, and has expanded the number of customers with over $1 million in ARR by 62% year-over-year.
The company is led by founder and CEO Mark McClain and employs over 3,000 people. SailPoint was recognized as a 2026 Gartner Peer Insights Customers' Choice for Identity Governance and Administration and a leader in IDC's 2025 Identity Security Marketscape. The company's growth is driven by demand for identity security amid stricter data privacy regulations, rising cyberattacks, and AI-driven threats, though it faces competition from Okta, Microsoft, and others.
Who buys this
- Large enterprises with complex, multi-cloud environments
- Fortune 500 and Forbes Global 2000 companies
- Organizations in regulated industries (e.g., finance, healthcare, manufacturing)
- Enterprises adopting AI agents and non-human identity workloads
- Companies needing identity governance and administration (IGA) for compliance
Publicly disclosed clients
- General Motors
- Hershey
Strengths and what to watch
Strengths
- Strong financial growth: ARR grew 30% year-over-year to $925 million in Q1 2026, with SaaS ARR up 39% to $574 million, and the company raised guidance for FY2026 to $1.095-$1.105 billion ARR.
- Deep enterprise penetration: Customers with over $1 million ARR increased 62% year-over-year, and the company counts Fortune 500 and Forbes Global 2000 companies as clients.
- Product breadth for emerging threats: The platform now covers human, machine, and AI agent identities, with add-ons for data access security and observability, positioning SailPoint for the shift to agentic AI.
Watch for
- GAAP operating losses remain large: SailPoint reported a GAAP operating loss of $185 million in Q1 2026 (80% of revenue), up from $68 million a year earlier, driven by stock-based compensation and amortization.
- Competition from larger platforms: Analysts have flagged increased competition risk from Okta, Microsoft, and other identity security vendors, which could pressure pricing and market share.
- Dependence on Thoma Bravo: The private equity firm has taken SailPoint private and public twice; future strategic moves (e.g., another take-private or acquisition) could create uncertainty for public shareholders.
Recent moves
Key Information
- Industry
- Data Governance & Catalog
- Founded
- 2005
- Headquarters
- Austin, Texas
Frequently Asked Questions
What does SailPoint do?
SailPoint provides an enterprise platform that manages and secures access to applications and data for human and machine identities. It uses real-time risk assessment and automated access controls to protect against cyber threats and ensure compliance.
Is SailPoint a public company?
SailPoint went public in 2017, was taken private by Thoma Bravo in 2022, and returned to the Nasdaq in February 2025 with a $12.8 billion valuation. It raised $1.38 billion in an upsized IPO.
How much revenue did SailPoint report recently?
For the fiscal year ending January 31, 2026, SailPoint reported total revenue of $1.07 billion, up 24.35% year-over-year. Annual recurring revenue reached $925 million as of Q1 2026, a 30% increase.
What products does SailPoint offer?
SailPoint's product portfolio includes the SailPoint Platform for unified identity security, Agentic Fabric for AI agent security, Agent Identity Security, Machine Identity Security, Data Access Security, and Observability & Insights.
Who are SailPoint's main competitors?
SailPoint faces competition from Okta, Microsoft, and other identity security vendors. Analysts have flagged increased competition risk, which could pressure pricing and market share.
What are SailPoint's financial strengths and risks?
SailPoint's strengths include 30% ARR growth and a 62% increase in customers with over $1 million ARR. Risks include a GAAP operating loss of $185 million in Q1 2026 and dependence on private equity firm Thoma Bravo.
Sources
- investor.sailpoint.com — Q1 2026 financial results: ARR $925M, SaaS ARR $574M, revenue $230M, GAAP operating loss $185M, customer ARR >$1M up 62%
- investor.sailpoint.com — Fiscal Q4 2026 and FY2026 earnings presentation: revenue $1.07B for trailing 12 months ending Jan 31, 2026
- www.reuters.com — IPO details: $12.8B valuation, $1.38B raised, Thoma Bravo background, customers GM and Hershey
- www.reuters.com — Analyst coverage: broadly bullish but see competition risk from Okta, Microsoft
- www.sailpoint.com — Product portfolio: SailPoint Platform, Agentic Fabric, Agent Identity Security, Machine Identity Security, Data Access Security, Observability & Insights; Gartner Peer Insights 2026 Customers' Choice; IDC Marketscape 2025 leader