Business
SailPoint Announces Third Quarter 2021 Financial Results
Total ARR of $323.8 million, up 44% year-over-year Third quarter 2021 subscription revenue of $70.8 million, up 39% year-over-year Third quarter 2021 total
About this update from Sailpoint, Inc.
[{"type":"text","content":"\n\nTotal ARR of $323.8 million, up 44% year-over-year\n\n\nThird quarter 2021 subscription revenue of $70.8 million, up 39% year-over-year\n\n\nThird quarter 2021 total revenue of $110.1 million, up 17% year-over-year\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nSailPoint Technologies Holdings, Inc. (NYSE: SAIL) (“SailPoint”), the leader in identity security, today announced financial results for the third quarter ended September 30, 2021.\n\n“SailPoint delivered another excellent quarter, highlighted by 44% total ARR growth and 39% subscription revenue growth. Demand for our SaaS and subscription-based identity security offerings continues to be very strong as global enterprises recognize that SailPoint’s modern identity security solutions are core to their next-generation technology stack,” said Mark McClain, SailPoint CEO and Founder.\n\n“Our transition to a subscription-based model has gone faster than we anticipated and is now largely complete. We believe our best-in-class, cloud-based solutions and the increasingly strategic role identity security now plays has positioned SailPoint well. We look forward to generating high levels of growth for the foreseeable future as we execute against this multi-billion market opportunity.”\n\nFinancial Highlights for Third Quarter 2021:\n\n\nARR: Total ARR at September 30, 2021 was $323.8 million, a 44% increase year-over-year.\n\n\nRevenue: Total revenue was $110.1 million, a 17% increase over Q3 2020. Subscription revenue was $70.8 million, a 39% increase over Q3 2020, of which SaaS revenue was $29.8 million, a 71% increase over Q3 2020.\n\n\nOperating Income (Loss): Loss from operations was $18.7 million compared to income from operations of $1.0 million in Q3 2020. Non-GAAP income from operations was $0.9 million compared to $12.0 million in Q3 2020.\n\n\nNet Income (Loss): Net loss was $19.9 million compared to net loss of $0.7 million in Q3 2020. Net loss per diluted share was $0.21 compared to net loss per diluted share of $0.01 in Q3 2020. Non-GAAP net loss was $0.2 million compared to non-GAAP net income of $10.1 million in Q3 2020. Non-GAAP net loss per diluted share was $0.00 compared to non-GAAP net income per diluted share of $0.11 in Q3 2020.\n\n\nThe tables included in this press release present a reconciliation of non-GAAP income from operations to GAAP income (loss) from op...