Forensic Analysis · Technology / Software · as of Sep 25, 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
-58.6
P / E (ttm)
-3.9%
ROE
$12.2B
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, going concern, valuation). 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, close to the -2.2% of FY2025. After-tax operating profit was ($149M) in FY2025 and ($243M) in FY2026, with operating income at -21.9% of revenue in FY2025 and -28.7% in FY2026. The capital base behind it barely moved across FY2025–FY2026 ($6.7B to $6.6B, -2%), so there has been little new capital for that return to be earned on.
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 493% 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. Where a compensation charge lands instead is the share count, and this filer's count is not on file in enough years to say how the count moved.
Key fundamentals
Latest Revenue$1.07B
Revenue Growth YoY+24.4%
Net Margin-25.2%
Free Cash Flow$51.8M
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?