Forensic Analysis · Technology / Software · as of Aug 11, 2026
Sailpoint, Inc. (SAIL)
A forensic read on Sailpoint, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
12.4
Distress distance
Clean
Earnings quality
4
Forensic signals
-67.5
P / E (ttm)
-3.9%
ROE
$10.9B
Market cap
0.00%
Dividend yield
24.4%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Sailpoint, Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 12.4, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-3.7%
FY2026
Return on invested capital.Return on invested capital is -3.7% in the latest fiscal year and steady — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
stopped
FY2025→FY2026
Shareholder returns — halted.Capital returns have STOPPED — $6M of buybacks + dividends in FY2025, but ~$0 in FY2026. A halt usually means the company is conserving cash.
n/m (stock split)
FY2025–FY2026
Share count (stock split).Diluted share count changed +550% over the last 1 year to FY2026, but that includes a large one-time change around FY2026 consistent with a stock split or reverse split, not gradual buybacks or issuance — a split changes the count with NO effect on any holder's proportional ownership, so the raw +550.0%/yr figure isn't a real buyback/dilution read here.
24% of rev
FY2026
Stock-based comp load.Stock-based compensation ran 24% of revenue and 395% of free cash flow in FY2026 — about $0.47 per diluted share. It is a real cost, but it is not a cash cost — no cash left the business, which is why operating cash flow adds it back. The bill lands on the share count instead, and this filer's count is not on file in enough years to say how much of the company changed hands to pay it.
Key fundamentals
Latest Revenue$1.07B
Revenue Growth YoY+24.4%
Net Margin-25.2%
Free Cash Flow$64.6M
Return on Equity-3.9%
Debt / Equity0.00x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Sailpoint, Inc.'s actual 10-K/10-Q/8-K filings?