SAILSailPoint, Inc.

Services-Prepackaged Software · $12.0B market cap · 3,229 employees

8.0×

More likely than average to be taken private

Top 1% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

Dilutive SBCYes
24% of revenue
Over 10% of revenue
Goodwill-heavyYes
69% of assets
Over 40% of assets
Recurring revenueYes
9 of 10
10-K business scored 7+ of 10 for recurring revenue
Net insider sellingYes
−$32M net
Net sales over $10M in 12 months

11 other checks

TSR below peersNo
1 of 1 years
3+ of last 5 years
High CEO pay despite TSRNo
$80M median
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
—
Cash flow under 80% of net income
Payouts exceed cash flowNo
0% of cash flow
Buybacks + dividends over cash flow
Shareholder dissentNo
97% lowest support
Any vote under 80% support
Low revenue per employeeNo
$332K · 28th pct
Bottom quartile of its SIC industry
Quiet on AINo
16.2 per 10K words · 97th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedNo
$12.0B market cap
Market cap $500M–$5B
AI-rollup shapedNo
1 of 10
10-K business scored 5+ of 10 as an AI-rollup target
Active 13DNo
0 filings
Active-intent 13D in 18 months

Metric	FY2024	FY2025	FY2026	YoY
Revenue	$700M	$862M	$1.1B	24%
Operating income	−$333M	−$189M	−$307M	63%
Net income	−$395M	−$316M	−$270M	14%
Operating cash flow	−$250M	−$106M	$71M	166%
Capex	$3M	$5M	$6M	12%
Stock-based comp	$37M	$32M	$255M	704%

None on file.

−$32Mnet selling by insiders, open market, last 12 months

Bought $0 · 0 tradesSold $32M · 102 trades

Year	CEO total comp	Comp actually paid	TSR (indexed)	Peer TSR
FY2026	$80M	$88M	71	75