Enterprise security firm SailPoint, Inc. (SAIL) Wednesday reported wider net loss in its first quarter, but narrower loss per share, amid higher revenues. Further, the company issued positive outlook for second quarter, and raised fiscal 2026 forecast.
In the pre-market activity on the Nasdaq, SailPoint shares were gaining around 10.4 percent to trade at $21.70.
For the second quarter, SailPoint expects adjusted earnings per share of $0.04 to $0.05, and total revenue of $242 million to $244 million, a year-over-year growth of 22 percent to 23 percent.
Total Annual Recurring Revenue or ARR is projected to be $963 million to $967 million, representing an increase of 26 percent from last year.
Further, for fiscal 2026, SailPoint now expects adjusted earnings per share of $0.16 to $0.20, higher than previously expected $0.14 to $0.18.
Total revenue is now projected to be $1.034 billion to $1.044 billion, a growth of 20 percent to 21 percent from the previous year. The previous estimate was $1.025 billionto $1.035 billion, an year-over-year increase of 19 percent to 20 percent.
The company now estimates total ARR of $1.095 billion to $1.105 billion, up 25 percent to 26 percent from the prior year, higher than previously expected $1.075 billion to $1.085 billion, up 23 percent to 24 percent from the last year..
In the first quarter, net loss attributable to stockholders widened to $211.10 million from loss of $140.54 million a year ago.
However, net loss per share narrowed to $0.42 from loss of $0.77 a year ago, due to higher share count after adjusted to give effect to the Corporate Conversion.
Adjusted net income for the latest quarter was $3.22 million or $0.01 per share.
Total revenue was $230.47 million, an increase of 23 percent from last year's $187.66 million.
Total ARR was $925 million, an increase of 30 percent year-over-year. SaaS ARR was $574 million, an increase of 39 percent year-over-year.
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