SailPoint stock fell on Wednesday after the cybersecurity firm reported fourth quarter earnings, continuing its slide post initial public offering.
On the stock market today, SailPoint stock dipped more than 4% to 20.89.
Backed by private equity firm Thoma Bravo, SailPoint launched its IPO in February, returning as a public company. Shares were priced at 23.
SailPoint said in the fourth quarter ending in January, adjusted operating income came in at $46 million, up from $28 million a year earlier, topping estimates of $35.8 million.
Further, revenue rose 18% to $240.1 million, topping estimates of $229.6 million.
Meanwhile, annual recurring revenue from subscriptions climbed 29% to $877 million, edging by estimates of $876 million.
For fiscal 2026, SailPoint forecast revenue of $1.03 billion, slightly above estimates of $1.02 billion. Fiscal 2026 starts with the current quarter ending in April.
SailPoint provides identity-focused cybersecurity software products to enterprises. Competitors include Okta and CyberArk.
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