Business
SailPoint Announces Second Quarter 2022 Financial Results
Total ARR of $429.5 million, up 47% year-over-year Second quarter 2022 subscription revenue of $92.3 million, up 43% year-over-year Second quarter 2022 total
About this update from Sailpoint, Inc.
[{"type":"text","content":"\n\nTotal ARR of $429.5 million, up 47% year-over-year\n\n\nSecond quarter 2022 subscription revenue of $92.3 million, up 43% year-over-year\n\n\nSecond quarter 2022 total revenue of $134.3 million, up 31% year-over-year\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 second quarter ended June 30, 2022.\n\n“The SailPoint team executed well to address the consistently strong global demand we continue to see in our business, delivering 47% total ARR growth and 83% SaaS revenue growth in Q2. We believe this demand is largely driven by broad recognition from global enterprises in our identity security platform as core to the security of their business today,” said Mark McClain, SailPoint CEO and Founder.\n\nFinancial Highlights for Second Quarter 2022:\n\n\nARR: Total ARR at June 30, 2022 was $429.5 million, a 47% increase year-over-year.\n\n\nRevenue: Total revenue was $134.3 million, a 31% increase over Q2 2021. Subscription revenue was $92.3 million, a 43% increase over Q2 2021, of which SaaS revenue was $46.4 million, an 83% increase over Q2 2021.\n\n\nOperating Income (Loss): Loss from operations was $(26.8) million compared to loss from operations of $(17.0) million in Q2 2021. Non-GAAP loss from operations was $(2.8) million compared to non-GAAP income from operations of $0.8 million in Q2 2021.\n\n\nNet Income (Loss): Net loss was $(29.4) million compared to net loss of $(16.7) million in Q2 2021. Net loss per diluted share was $(0.31) compared to net loss per diluted share of $(0.18) in Q2 2021. Non-GAAP net loss was $(2.2) million compared to non-GAAP net income of $0.1 million in Q2 2021. Non-GAAP net loss per diluted share was $(0.02) compared to non-GAAP net income per diluted share of $0.00 in Q2 2021.\n\n\nThe tables included in this press release present a reconciliation of GAAP loss from operations to non-GAAP income (loss) from operations, GAAP net loss to non-GAAP net income (loss) and GAAP to non-GAAP weighted average outstanding shares, each for the three and six months ended June 30, 2022 and 2021. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.” In addition, see “Operating Metrics” for more information...