sailpoint inc 2025年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during thepreceding 12months (or for such shorter period that the registrant was required to submit such files).Yesx No¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐Nox The registrant had556,635,292shares of common stock outstanding as of September5, 2025. Table of Contents SailPoint, Inc.Quarterly Report on Form 10-Q Table of Contents PART I Item 1.Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Redeemable Convertible Units, Stockholders' Equity and Partner's DeficitCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial Statements (Unaudited)Special Note About Forward-Looking StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PARTII Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures SAILPOINT, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except share, per share and unit amounts)(unaudited) July 31,2025January 31, 2025 Assets Current assetsCash and cash equivalents$271,052$121,293Accounts receivable, net of allowance203,462254,050Contract acquisition costs37,94232,834Contract assets, net of allowance58,62558,335Prepayments and other current assets55,51945,870Total current assets626,600512,382Property and equipment, net27,14722,879Contract acquisition costs, non-current98,30194,270Contract assets, non-current, net of allowance47,14433,788Other non-current assets34,48436,206Goodwill5,151,6685,151,668Intangible assets, net1,460,5971,560,723Total assets$7,445,941$7,411,916Liabilities, redeemable convertible units, and stockholders' equity / partners' deficitCurrent liabilitiesAccounts payable$3,508$3,515Accrued expenses and other liabilities83,769158,135Deferred revenue417,188413,043Total current liabilities504,465574,693Deferred tax liabilities, non-current77,513136,528Other long-term liabilities15,40032,128Deferred revenue, non-current32,41736,399Long-term debt, net—1,024,467Total liabilities629,7951,804,215Commitments and contingencies (Note 6)Redeemable convertible units, no par value, unlimited units authorized,499,052,847units issuedand outstanding as of January 31, 2025; aggregate liquidation preference of $8,100,352as ofJanuary 31, 2025—11,196,141Stockholders' equity / partners' deficitPreferred stock, par value of $0.0001per share,50,000,000shares authorized andnoshares issuedor outstanding as of July31, 2025——Common stock, par value of $0.0001per share;1,750,000,000authorized as of July31, 2025;556,604,053shares issued and outstanding as of July31, 202556—Additional paid in capital6,994,699—Accumulated deficit(178,609)(5,588,440)Total stockholders' equity / partners' deficit6,816,146(5,588,440)Total liabilities, redeemable convertible units, and stockholders' equity / partners' deficit$7,445,941$7,411,916 SAILPOINT, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(unaudited) SAILPOINT, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited) 1.Description of Business and Summary of Significant Accounting Policies Organization On February 12, 2025, in connection with our initial public offering ("IPO"), SailPoint Parent, LP converted into a Delawarecorporation pursuant to a statutory conversion and changed its name to SailPoint, Inc. (the "Corporate Conversion"). The purpose of theCorporate Conversion was to reorganize the Company's corporate structure so that the entity offering its securities to the public in the IPOwould be a corporation rather than a limited partnership. References in this Quarterly Report on Form 10-Q to “SailPoint,” the “Company,”“we,” “us” and “our” (i) for periods prior to the Corporate Conversion, refer to SailPoint Parent, LP and, where appropriate, its consolidatedsubsidiaries and (ii) for periods after the Corporate Co