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Fiscal Q1’26 Earnings Presentation June 2025
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Important notice and disclaimers Forward-Looking Statements This presentation of SailPoint, Inc. (the “Company” or “SailPoint”) contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact included in this presentation are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance, and business. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “will,” “should,” “can have,” “likely,” and the negatives thereof and other words and terms of similar meaning. For example, all statements we make relating to the Company’s estimated and projected costs, expenditures, cash flows, growth rates, and financial results or its plans and objectives for future operations, growth initiatives, or strategies are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that the Company expects, including its ability to sustain historical growth rates, its ability to attract and retain customers and to deepen its relationships with existing customers, and growth in the market for identity security solutions, among others. More information on these and other risks is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K for the fiscal year ended January 31, 2025, and subsequent Quarterly Reports on Form 10-Q and other filings. The forward-looking statements included in this presentation are made only as of the date hereof. You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date. The Company and its advisers undertake no obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as otherwise required by law. Non-GAAP Financial Measures This presentation includes financial information prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). This presentation also includes non-GAAP financial information, including adjusted gross profit, adjusted gross profit margin, adjusted subscription gross profit, adjusted subscription gross profit margin, adjusted income from operations, adjusted operating margin, adjusted sales & marketing expense, adjusted research & development expense, adjusted general & administrative expense, and adjusted EPS, which should be considered supplemental to, not a substitute for, or superior to, financial measures calculated in accordance with GAAP. There are a number of limitations related to the use of these non-GAAP financial measures. For example, the non-GAAP financial measures exclude expenses that may have a material impact on the Company's reported financial results. Also, the Company’s definitions of non-GAAP financial measures may differ from non-GAAP financial measures used by other companies. The Company believes that non-GAAP financial measures, which exclude items that do not reflect our underlying business performance, enable investors to compare our underlying business performance from period-to-period and in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. For reconciliations of each historical non-GAAP financial measure used herein to the most directly comparable GAAP measure, see the appendix to this presentation. Market and Industry Data This presentation includes market and industry data and forecasts that the Company has derived from independent consultant reports, publicly available information, various industry publications, other published industry sources, and its internal data and estimates. Independent consultant reports, industry publications, and other published industry sources generally indicate that the information contained therein was obtained from sources believed to be reliable. Although the Company believes that these third-party sources are reliable, it does not guarantee the accuracy or completeness of this information, and the Company has not independently verified this information. The Company’s internal data and estimates are based upon information obtained from trade and business organizations and other contacts in the markets in which the Company operates and management's understanding of industry conditions. Although the Company believes that such information is reliable, it has not had this information verified by any independent sources. In addition, the information contained in this presentation is as of the date hereof (except where otherwise indicated), and the Company has no obligation to update such information, including in the event that such information becomes inaccurate or if estimates change. Subsequent materials may be provided by or on behalf of the Company in its discretion and such information may supplement, modify, or supersede the information in these materials. Trademarks This presentation may contain trademarks, service marks, trade names, and copyrights of other companies, which are the property of their respective owners, and the use herein does not imply an affiliation with or endorsement by the owners of these trademarks, service marks, tradenames, and copyrights. Solely for convenience, some of the trademarks, service marks, trade names, and copyrights referred to in this presentation may be listed without the TM, SM, ©, or ® symbols, but the Company will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names, and copyrights. Third-party logos included herein may represent past customers, present customers, competitors, or may be provided simply for illustrative purposes only. Inclusion of such logos does not necessarily imply affiliation with or endorsement by such firms or businesses. There is no guarantee that the Company will work, or continue to work, with any of the firms or businesses whose logos are included herein. © 2025 SailPoint Technologies, Inc. All rights reserved. 2
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Rapid recurring revenue growth Significant top line scale Strong margin profileManage and secure dynamic access to critical applications and data for every enterprise identity with an intelligent and unified platform The core of enterprise security is identity 3 $925MM ARR (1)(4) 30% ARR Growth YoY (2) $230MM Q1’26 Revenue 39% SaaS ARR Growth YoY (2) 82.4% Q1’26 Adj. Subscription Gross Profit Margin (4) 10.2% Q1‘26 Adj. Operating Margin (4) Strong customer retention 3,040 Customers (1)(5) 115% NRR (1)(3)(4) 1. As of April 30, 2025 2. As of April 30, 2025, compared to April 30, 2024 3. Refers to Dollar-based Net Retention Rate 4. Refer to appendix for definitions of key and other business metrics and reconciliations of relevant non -GAAP financial metrics to the most directly comparable GAAP measures 5. Customer counts are approximate © 2025 SailPoint Technologies, Inc. All rights reserved.
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Explosion in number and types of identities leads to significant complexity for the modern enterprise 4© 2025 SailPoint Technologies, Inc. All rights reserved. Number of Identities Time Machine Identities Employee Identities Non-Employee Identities AI Agents
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The exponential growth of machine identities and AI agents increases the security risk and management complexity 5 69% of companies have more machine identities than human identities, and 47% have 10 times or more (1) © 2025 SailPoint Technologies, Inc. All rights reserved. 1. Machine Identity Crisis: The Challenges of Manual Processes and Hidden Risks, August 2024 2. Based on a SailPoint sponsored survey conducted by Dimensional Research of 353 IT professionals responsible for AI, security, identity management, compliance, and operations at enterprise companies representing all seniority levels 72% of identity professionals say machine identities are more difficult to manage than human identities (1) of technology professionals consider AI agents a growing security risk, yet 98% of organizations plan to expand adoption (2) 96% of organizations use AI agents but only 44% have policies to secure them (2) 82%
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The growing volume of data and applications compounds the depth and breadth of the identity challenge… 6© 2025 SailPoint Technologies, Inc. All rights reserved. Modern enterprise Employee, non-employee, & machine identities
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Modern enterprise Employee, non-employee, & machine identities 7 Initial compromised identity …resulting in significant risk to today’s enterprise IT environments © 2025 SailPoint Technologies, Inc. All rights reserved. 1. Identity Defined Security Alliance (“IDSA”) Trends in Identity Security report, 2024 2. KuppingerCole, August 2024 of organizations surveyed experienced an identity- related breach in 2023(1) of companies have a comprehensive identity security posture(2) 90% 40% In the absence of a robust identity security posture, threat actors can move laterally throughout an organization
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It's time to put identity at the center of enterprise security It's time to look inside-out, not just outside-in The identity security imperative It's time to harness the power of data and AI © 2025 SailPoint Technologies, Inc. All rights reserved. 8
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9 SailPoint is a leader in identity security Unified, intelligent, extensible platform Comprehensive identity solutions Advanced analytics and AI © 2025 SailPoint Technologies, Inc. All rights reserved.
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1. Companies segmented into three cohorts based on the number of employees: companies that have between 100 and 999 employees, c ompanies that have between 1,000 and 4,999 employees, and companies with 5,000 or more employees. Total number of global companies with 100 or more employees determined by referen cing independent industry data from the S&P Capital IQ database as of July 2024. 2. Average ARR per customer for each employee count cohort is calculated as the ARR attributable to customers in each cohort who subscribe to our Standard, Business, and Business Plus SaaS suites as of July 31, 2024, divided by the number of customers in that cohort who subscribe to a SaaS suite as of July 31, 20 24 3. Refer to appendix for definitions of relevant key business metrics Expanding market opportunity with long-term tailwinds 10© 2025 SailPoint Technologies, Inc. All rights reserved. Expansive identity security market opportunity $55Bn Market opportunity in 2024 Average ARR per customer for each segment (2,3) Global organizations (1) Product adoption & platform expansion Growth in number & types of identities Machine Identity Security Privileged Task Automation Machine Identities AI Agents
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11© 2025 SailPoint Technologies, Inc. All rights reserved. SailPoint is strategically positioned to win the new identity security paradigm Our Competitive Advantage Broad and deep offering Global strategic partnerships Proven enterprise success Access Lacks security depth Com prehensive IdentitySecurity Expanding Data Moat Privilege Limited view of the enterprise
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Our comprehensive, extensible, identity-first, security platform 12© 2025 SailPoint Technologies, Inc. All rights reserved.
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Extensible platform supports additional products to continue to provide value to customers 13© 2025 SailPoint Technologies, Inc. All rights reserved. Identity Security Cloud products In addition to the core integrated capabilities, organizations can extend the value of our Identity Security Cloud with additional products Privileged Task Automation Machine Identity Security Password Management Non-Employee Risk Management Data Access Security Access Risk Management Cloud Infrastructure Entitlement Management NEW NEW
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SailPoint Machine Identity Security 14 AI-powered Discovery makes finding machine accounts easier Human Ownership concept creates accountability and enables compliance Access Certifications enable least privilege approach Platform Based capabilities deliver unified approach for all identities © 2025 SailPoint Technologies, Inc. All rights reserved.
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15 Excellence & leadership recognized A 2024 Gartner® Peer Insights Customers' Choice for Identity Governance and Administration A 2024 Leader in KuppingerCole Leadership Compass on Identity Governance & Administration © 2025 SailPoint Technologies, Inc. All rights reserved. A 2024 Leader in Identity Governance & Administration from Frost & Sullivan A 2025 Leader in KuppingerCole Leadership Compass in Cloud Infrastructure Entitlement Management
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Our values: The four I’s 16© 2025 SailPoint Technologies, Inc. All rights reserved.
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Fiscal Q1’26 Financial Summary 17© 2025 SailPoint Technologies, Inc. All rights reserved.
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Efficient & Durable Growth Investment themes 18© 2025 SailPoint Technologies, Inc. All rights reserved. Industry Leadership Continuous Innovation
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$MM Q1’25 (1) Q1’26 (1) YoY Change Total ARR $710 $925 30% SaaS ARR $412 $574 39% Total Revenue $188 $230 23% Subscription Revenue $170 $215 27% Adjusted Gross Profit Margin (2) 77.1% 76.3% (80) bps Adjusted Operating Margin (2) 10.2% 10.2% 0 bps Q1’26 financial summary 19© 2025 SailPoint Technologies, Inc. All rights reserved. 1. Fiscal quarter ended April 30 2. Refer to appendix for reconciliations of relevant non-GAAP financial metrics to the most directly comparable GAAP measures
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$550 $580 $626 $682 $710 $767 $813 $877 $925 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Total Annual Recurring Revenue ($MM) 20© 2025 SailPoint Technologies, Inc. All rights reserved. Note: Fiscal quarters ended April 30, July 31, October 31, and January 31. Refer to appendix for definitions of key business metrics. 30% YoY ARR Growth
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$288 $312 $346 $388 $412 $455 $486 $540 $574 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 SaaS Annual Recurring Revenue ($MM) 21© 2025 SailPoint Technologies, Inc. All rights reserved. Note: Fiscal quarters ended April 30, July 31, October 31, and January 31. Refer to appendix for definitions of key business metrics. 39% YoY SaaS ARR Growth
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111% 112% 114% 114% 114% 114% 114% 114% 115% Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Steady retention rates through subscription transition 22© 2025 SailPoint Technologies, Inc. All rights reserved. Dollar-based net retention rate (1)(2) 1. Fiscal quarters ended April 30, July 31, October 31, and January 31 2. Based on ARR. Refer to appendix for definitions of relevant key business metrics
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$67 $97 $132 $132 $170 $215 Q1'24 Q1'25 Q1'26 SaaS Revenue Other Subscription Revenue Subscription revenue growth fueled by SaaS ($MM) 23© 2025 SailPoint Technologies, Inc. All rights reserved. 36% Q1 ‘26 SaaS Rev YoY Growth 27% Q1 ’26 Sub. Rev YoY Growth Note: Fiscal quarters ended April 30. Refer to appendix for definition of subscription revenue
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65 105 170 Q1'24 Q1'25 Q1'26 Strong customer growth over $250K ARR 24© 2025 SailPoint Technologies, Inc. All rights reserved. >$1MM ARR Customer Count 62% YoY >$250K ARR Customer Count 640 800 1,025 Q1'24 Q1'25 Q1'26 28% YoY Note: Fiscal quarters ended April 30. Customer counts are approximate. Refer to appendix for definitions of relevant key business metrics.
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Adjusted Income from Operations & Margin $114 $145 $176 75.2% 77.1% 76.3% -10.0% 10.0% 30.0% 50.0% 70.0% 90.0% 110.0% $ $50 $100 $150 $200 $250 $300 Q1'24 Q1'25 Q1'26 Driving operating efficiency ($MM) 25© 2025 SailPoint Technologies, Inc. All rights reserved. Adjusted Gross Profit & Margin $110 $142 $177 83.2% 83.7% 82.4% -350.0% -250.0% -150.0% -50.0% 50.0% 150.0% $ $50 $100 $150 $200 $250 $300 Q1'24 Q1'25 Q1'26 Adjusted Subscription Gross Profit & Margin Note: Fiscal quarters ended April 30. Refer to appendix for reconciliations of relevant non-GAAP financial metrics to the most directly comparable GAAP measures. ($2) $19 $24 (1.3%) 10.2% 10.2% (110.0%) (90.0%) (70.0%) (50.0%) (30.0%) (10.0%) 10.0% 30.0% 50.0% ($3) $2 $7 $12 $17 $22 $27 $32 $37 $42 Q1'24 Q1'25 Q1'26
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Guidance 26© 2025 SailPoint Technologies, Inc. All rights reserved.
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Fiscal Q2’26 & FY’26 guidance (1)(2) 27© 2025 SailPoint Technologies, Inc. All rights reserved. 1. Fiscal quarter ending July 31; fiscal year ending January 31 2. All of SailPoint’s forward-looking non-GAAP financial measures exclude estimates for stock-based compensation expense, payroll taxes related to restricted stock units, and amortization of acquired intangibles as well as acquisition related costs and severance of certain key executives, if applicable. SailPoint has not reconciled its expectations for adjusted income form operations, adjusted operating margin or adjusted EPS to their most directly comparable GAAP measure due to the high variability and difficulty in making accurate forecasts and projections, particularly with respect to stock-based compensation expense. Stock-based compensation expense is affected by future hiring, turnover, and retention needs, as well as the future fair market value of our common stock, all of which are difficult to predict and subject to change. The actual amount of the excluded stock-based compensation expense will have a significant impact on SailPoint’s GAAP income (loss) from operations and GAAP net income (loss) per basic and diluted common share. Accordingly, reconciliations of our forward-looking adjusted income from operations, adjusted operating margin and adjusted EPS are not available without unreasonable effort. Q2’26 GUIDANCE AS OF 6/11/25 FY’26 GUIDANCE AS OF 6/11/25 Prior FY’26 GUIDANCE AS OF 3/26/25 Total ARR (in millions) YoY growth % $963 to $967 26% $1,095 to $1,105 25% to 26% $1,075 to $1,085 23% to 24% Total Revenue (in millions) YoY growth % $242 to $244 22% to 23% $1,034 to $1,044 20% to 21% $1,025 to $1,035 19% to 20% Adjusted Income from Operations (in millions) Adjusted operating margin % $29 to $30 11.9% to 12.4% $161 to $166 15.4% to 16.1% $151 to $156 14.6% to 15.2% Adjusted EPS $0.04 to $0.05 $0.16 to $0.20 $0.14 to $0.18
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Additional modeling notes • ARR: Relative to consensus and our prior guidance, our Q2’26 and FY’26 guidance increase primarily reflects organic growth and assumes no material change in FX rates. • SaaS/Term Mix: For the remainder of FY’26, we expect an average of 90% of net new ARR to come from SaaS. We currently expect slightly more term revenue in Q4’26 than Q3’26. • Stock Based Compensation (SBC): For the remaining three quarters of FY’26, we expect SBC to average 20% of revenue. • Taxes: We anticipate $10-15M of cash tax payments in FY’26. In estimating adjusted EPS for Q2’26 and FY’26, we applied a tax rate of 24.5%. • Diluted Share count: We expect 557M for Q2’26 and 565M for FY’26. 28© 2025 SailPoint Technologies, Inc. All rights reserved.
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29© 2025 SailPoint Technologies, Inc. All rights reserved. Multiple levers to help support long-term growth Continue to leverage and expand network of partners and alliances Expand global footprint Continue to innovate and expand portfolio Expand existing customer relationships Drive new customer growth
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Appendix 30© 2025 SailPoint Technologies, Inc. All rights reserved.
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Definitions of key business metrics 31© 2025 SailPoint Technologies, Inc. All rights reserved. Annual Recurring Revenue We define ARR as the annualized value of SaaS, maintenance, term subscription, and other subscription contracts as of the mea surement date. To the extent that we are actively negotiating a renewal or new agreement with a customer after the expiration of a contract, we continue to inc lude that contract’s annualized value in ARR until the customer notifies us that it is not renewing its contract. We calculate ARR by dividing the active contract value by the number of days of the contract and then multiplying by 365. ARR should be viewed independently of revenue, as ARR is an operating metric and is not intended to be combined with or to replace revenue. ARR is not a forecast of future revenue, which can be impacted by ASC 606 allocations and renewal rates and does not consider other sources of revenue that are not recurring in nature. ARR does not have a standardized meaning and is not necessarily comparable to similarly titled measures presented by other companies. SaaS Annual Recurring Revenue We define SaaS ARR as the annualized value of SaaS contracts as of the measurement date. To the extent that we are actively n egotiating a renewal or new agreement with a customer after the expiration of a contract, we continue to include that contract’s annualized value in SaaS ARR until the customer notifies us that it is not renewing its contract. We calculate SaaS ARR by dividing the active SaaS contract value by the number of days of the contract and then multiplying by 365. SaaS ARR should be viewed independently of subscription revenue as SaaS ARR is an operating metric and is not intended to be combined with or replace subscription revenue. SaaS ARR is not a forecast of future subscription revenue, which can be impacted by ASC 606 allocations and renewal rates and does not consider other sources of revenue that are not recurring in nature. SaaS ARR does not have a standardized meaning and is not necessarily comparable to similarly titled measures presented by other companies. Dollar-Based Net Retention Rate We define dollar-based net retention rate as the comparison of our ARR from our subscription customers against the same metric f or those subscription customers from the prior year. For the purposes of calculating our dollar-based net retention rate, we define a subscription customer as a separate legal entity that has entered into a distinct subscription agreement. Our dollar-based net retention rate reflects customer expansion, contraction, an d churn. We calculate our dollar- based net retention rate as of period end by starting with the ARR from all subscription customers as of 12 months prior to s uch period end, or prior period ARR. We then calculate the ARR from these same subscription customers as of the current period end, or current period ARR. We then di vide the current period ARR by the prior period ARR to arrive at our dollar-based net retention rate. The dollar-based net retention rate at the end of any period is the weighted average of the dollar- based net retention rates as of the end of each of the trailing 4 quarters. Dollar-based net retention rate does not have a standardized meaning and is not necessarily comparable to similarly titled measures presented by other companies.
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Definitions of other business and financial metrics 32© 2025 SailPoint Technologies, Inc. All rights reserved. Subscription Revenue The majority of our revenue relates to subscription revenue which consists of ( i) fees for access to, and related support for, the SaaS offerings, (ii) fees for term subscriptions, (iii) fees for ongoing maintenance and support of perpetual license solutions, and (iv) other subscription ser vices such as cloud managed services, and certain professional services. Term subscriptions include the term licenses and ongoing maintenance and support. Maintena nce and support agreements consist of fees for providing software updates on a when and if available basis and for providing technical support for softw are products for a specified term. Subscription revenue, including support for term licenses, is recognized ratably over the term of the applicable agreement. R evenue related to term subscription performance obligations, excluding support for term subscriptions, is recognized upfront at the point in time when the custom er has taken control of the software license.
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Three Months Ended April 30, 2025 2024 variance % Revenue Subscription SaaS $ 131,815 $ 97,067 36 % Maintenance and support 37,389 38,269 (2) % Term subscriptions 40,040 30,685 30 % Other subscription services 6,079 4,071 49 % Total subscription 215,323 170,092 27 % Perpetual licenses 5 69 (93)% Services and other 15,140 17,495 (13)% Total revenue $ 230,468 $ 187,656 23 % Revenue 33© 2025 SailPoint Technologies, Inc. All rights reserved. Note: Fiscal quarters ended April 30. Numbers rounded and therefore may not sum (In thousands)
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GAAP to adjusted gross profit and adjusted gross profit margin reconciliation 34© 2025 SailPoint Technologies, Inc. All rights reserved. Note: Fiscal quarters ended April 30. Numbers rounded and therefore may not sum 2025 2024 2023 GAAP gross profit $ 127,655 $ 115,490 $ 85,893 GAAP gross profit margin 55.4% 61.5% 56.4% Equity-based compensation expense 21,592 3,338 2,823 Payroll taxes for IPO-accelerated awards and RSUs 634 - - Amortization of acquired intangible assets 26,060 25,818 25,716 Adjusted gross profit $ 175,941 $ 144,646 $ 114,454 Adjusted gross profit margin 76.3% 77.1% 75.2% Three Months E nded April 30, (In thousands, except percentages)
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GAAP to adjusted subscription gross profit and adjusted subscription gross profit margin reconciliation 35© 2025 SailPoint Technologies, Inc. All rights reserved. Note: Fiscal quarters ended April 30. Numbers rounded and therefore may not sum 2025 2024 2023 GAAP subscription gross profit $ 139,832 $ 114,972 $ 83,685 GAAP subscription gross profit margin 64.9% 67.6% 63.4% Equity-based compensation expense 11,264 1,702 1,505 Payroll taxes for IPO-accelerated awards and RSUs 332 - - Amortization of acquired intangible assets 26,058 25,758 24,577 Adjusted subscription gross profit $ 177,486 $ 142,432 $ 109,780 Adjusted subscription gross profit margin 82.4% 83.7% 83.2% Three Months E nded April 30, (In thousands, except percentages)
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GAAP to adjusted income from operations and adjusted operating margin reconciliation 36© 2025 SailPoint Technologies, Inc. All rights reserved. Note: Fiscal quarters ended April 30. Numbers rounded and therefore may not sum 2025 2024 2023 GAAP income (loss) from operations $ (184,965) $ (68,193) $ (91,106) GAAP income (loss) from operations margin (80.3%) (36.3%) (59.8%) Equity-based compensation expense 160,459 25,857 26,134 Payroll taxes for IPO-accelerated awards and RSUs 3,399 - - Amortization of acquired intangible assets 49,912 64,407 63,947 Amortization of acquired contract acquisition costs (5,764) (6,745) (7,161) Acquisition-related expenses and Thoma Bravo monitoring fees 580 3,866 4,952 Adjusted income (loss) from operations $ 23,621 $ 19,192 $ (1,978) Adjusted operating margin 10.2% 10.2% (1.3%) Three Months E nded April 30, (In thousands, except percentages)
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Three Months Ended April 30, 2025 2024 GAAP sales and marketing expense $ 164,530 $ 114,887 Equity-based compensation expense (53,503) (9,201) Payroll taxes for IPO -accelerated awards and RSUs (1,684) — Amortization of acquired intangible assets (23,757) (38,494) Amortization related to acquired contract acquisition costs 5,764 6,745 Adjusted sales and marketing expense $ 91,350 $ 73,937 Three Months Ended April 30, 2025 2024 GAAP research and development expense $ 67,270 $ 41,917 Equity-based compensation expense (27,839) (6,857) Payroll taxes for IPO -accelerated awards and RSUs (686) — Amortization of acquired intangible assets (95) (95) Adjusted research and development expense $ 38,650 $ 34,965 Three Months Ended April 30, 2025 2024 GAAP general and administrative expense $ 80,820 $ 26,879 Equity-based compensation expense (57,525) (6,461) Payroll taxes for IPO -accelerated awards and RSUs (394) — Acquisition-related expenses and Thoma Bravo monitoring fees (580) (3,866) Adjusted general and administrative expense $ 22,321 $ 16,552 GAAP to adjusted operating expense reconciliation 37© 2025 SailPoint Technologies, Inc. All rights reserved. (In thousands) Note: Fiscal quarters ended April 30. Numbers rounded and therefore may not sum (In thousands) (In thousands)
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GAAP to adjusted earnings per share (adjusted EPS) reconciliation 38© 2025 SailPoint Technologies, Inc. All rights reserved. Three Months Ended April 30, 2025 GAAP net loss $ (187,312) Equity-based compensation expense 160,459 Payroll taxes for IPO-accelerated awards and RSUs 3,399 Amortization of acquired intangible assets 49,912 Amortization of acquired contract acquisition costs (5,764) Acquisition-related expenses and Thoma Bravo monitoring fees 580 Tax effect of adjustments (18,052) Adjusted net income attributable to common stockholders $ 3,222 GAAP net loss per share attributable to common stockholders, basic and diluted $ (0.42) Adjusted EPS attributable to common stockholders, diluted $ 0.01 Weighted average shares used in computing GAAP net loss per share, basic and diluted 500,029 Shares used in computing adjusted EPS, diluted 555,940 (In thousands) Note: Fiscal quarters ended April 30. Numbers rounded and therefore may not sum
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Thank you! 39© 2025 SailPoint Technologies, Inc. All rights reserved.