Business
SailPoint Announces Fourth Quarter and Full Year 2021 Financial Results
Total ARR of $370.4 million, up 48% year-over-year Fourth quarter and full year 2021 total revenue of $135.6 million and $439.0 million, up 31% and 20%
About this update from Sailpoint, Inc.
[{"type":"text","content":"\n\nTotal ARR of $370.4 million, up 48% year-over-year\n\n\nFourth quarter and full year 2021 total revenue of $135.6 million and $439.0 million, up 31% and 20% year-over-year, respectively\n\n\nFourth quarter and full year 2021 subscription revenue of $78.8 million and $273.2 million, up 41% and 39% year-over-year, respectively\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nSailPoint Technologies Holdings, Inc. (NYSE: SAIL) (“SailPoint,” the “Company” or “we”), the leader in identity security, today announced financial results for the fourth quarter and full year ended December 31, 2021.\n\n“SailPoint’s fourth quarter performance was a record-breaking finish to a terrific year. Revenue and ARR were well above our expectations, driven by strong demand for our SaaS identity security platform and excellent execution by the SailPoint team,” said Mark McClain, SailPoint CEO and Founder.\n\n“Our performance throughout 2021 has reinforced our belief that SaaS-based identity security is a top investment priority for enterprises that is growing even faster than we anticipated. We expect another strong year of growth in 2022 and will be investing in our product development and go-to-market teams to enable us to fully capitalize on our market opportunity over the long-term.”\n\nFinancial Highlights for Fourth Quarter 2021:\n\n\nRevenue: Total revenue was $135.6 million, a 31% increase over Q4 2020. Subscription revenue was $78.8 million, a 41% increase over Q4 2020. License revenue was $43.2 million, a 27% increase from Q4 2020. Services and other revenue was $13.6 million, a 3% increase over Q4 2020.\n\n\nOperating Income (Loss): Loss from operations was $7.8 million compared to loss from operations of $2.9 million in Q4 2020. Non-GAAP income from operations was $11.1 million compared to $13.4 million in Q4 2020.\n\n\nNet Income (Loss): Net loss was $9.7 million compared to net loss of $4.7 million in Q4 2020. Net loss per diluted share was $0.10 compared to net loss per diluted share of $0.05 in Q4 2020. Non-GAAP net income was $10.0 million compared to $10.3 million in Q4 2020. Non-GAAP net income per diluted share was $0.09 compared to $0.10 in Q4 2020.\n\n\nFinancial Highlights for Full Year 2021:\n\n\nARR: Total ARR at December 31, 2021 was $370.4 million, a 48% increase year-over-year\n\n\nRevenue: Total revenue was $439.0 million, a 20% ...