0002030781-25-000024 | 10-Q | XBRL Viewer

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Business Combinations - Schedule of Preliminary Purchase Price Allocation (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025	Dec. 13, 2024	Apr. 09, 2024
Business Acquisition [Line Items]
Goodwill	$ 5,151,668	$ 5,151,668
Imprivata
Business Acquisition [Line Items]
Accounts receivable			$ 1,572
Goodwill			9,247
Deferred revenue			(4,236)
Total fair value of assets acquired and liabilities assumed			$ 16,383
Double Zero
Business Acquisition [Line Items]
Cash and cash equivalents				$ 9
Accounts receivable				25
Prepayments and other current assets				18
Deferred tax assets, non-current				860
Goodwill				3,566
Intangible assets				1,360
Accounts payable				(41)
Accrued expenses and other liabilities				(108)
Deferred revenue				(311)
Total fair value of assets acquired and liabilities assumed				$ 5,378

Segments and Geographic Information

3 Months Ended

Apr. 30, 2025

Segment Reporting [Abstract]

Segments and Geographic Information

Operating segments are defined as components of an entity for which separate financial information is available and that is regularly reviewed by the Chief Operating Decision Maker (the "CODM"). The CODM is comprised of the Company's Chief Executive Officer, Chief Financial Officer and President. The Company's CODM reviews financial information presented on a consolidated basis for the purposes of making operating decisions, allocating resources, and evaluating financial performance. Accordingly, the Company determined that it operates in one reportable segment. The measure used by our CODM for evaluating the Company's overall performance and informing resource allocation to support strategic priorities is net loss. Significant expense categories regularly provided to the CODM are those disclosed in the condensed consolidated statements of operations.

The following is a summary of consolidated revenues within geographic areas determined by the billing address of the customer for the periods presented (in thousands):


	Three Months Ended April 30,
	2025		2024
United States	$	151,177	$	127,399
EMEA	47,957		36,030
Rest of the World	31,334		24,227
Total revenue	$	230,468	$	187,656

No single country other than the United States represented more than 10% of the Company's revenue or total long-lived assets.

Substantially all of the Company’s long-lived assets were held in the United States as of April 30, 2025 and January 31, 2025.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Stockholder' / Partners’ Equity

3 Months Ended

Apr. 30, 2025

Equity [Abstract]

Stockholder' / Partners’ Equity

Stockholders’ Equity

As a result of the Corporate Conversion, the Company succeeded to all of SailPoint Parent, LP's property, assets, debt, and obligations. The Company’s authorized capital stock consists of 1,750,000,000 shares of common stock, par value $0.0001 per share, and 50,000,000 shares of undesignated preferred stock, par value $0.0001 per share. The issued and outstanding shares of common stock disclosed on the condensed consolidated balance sheet include all legally outstanding shares, including restricted stock awards ("RSAs").

Each outstanding share of common stock is entitled to one vote on all matters submitted to a vote of stockholders. Holders of shares of our common stock have no cumulative voting rights and are not entitled to dividends unless declared by the Board of Directors (the “Board”). The Company’s common stock is neither convertible nor redeemable.

No preferred stock has been issued and is outstanding as of April 30, 2025.

Partners’ Equity

The Company operated under the terms and conditions of the Second Amended and Restated Limited Partnership Agreement of SailPoint Parent, LP dated December 23, 2024 (the “Partnership Agreement”). Excluding the effects of the Corporate Conversion, there were no significant changes to the Partnership Agreement and terms related to the Class A Units and Class B Units since January 31, 2025. In conjunction with the Corporate Conversion, all of the Company's outstanding partnership units were converted into shares of common stock. The Corporate Conversion is discussed further in Note 1.

Redeemable Convertible Units

There are no redeemable convertible units outstanding as of April 30, 2025. Redeemable convertible units consisted of the following as of January 31, 2025:


	January 31, 2025
	Units issued and outstanding	Aggregate liquidation preference		Net carrying value
	(In thousands)
Class A Units	403,400	$	8,100,352	$	8,100,352
Class B Units (1)	91,761	—		3,095,789
Total redeemable convertible units	495,161	$	8,100,352	$	11,196,141

(1) The net carrying value includes the redemption value of unvested incentive units that will convert to Class B Units.

The cumulative unpaid Class A yield earned was $1,477.9 million as of January 31, 2025. The cumulative unpaid Class A yield earned per unit was $3.66 as of January 31, 2025.

The cumulative Class A yield earned upon the Corporate Conversion date was $1,501.7 million. The cumulative unpaid Class A yield earned per unit was $3.72 as of the Corporate Conversion.

The issued and outstanding units disclosed on the condensed consolidated balance sheet includes all legally outstanding units, which are different from the number of units considered outstanding in the table above. The number of units outstanding in the table above excludes unvested incentive units, which are not outstanding under GAAP until the vesting condition is met.

- Definition

The entire disclosure for equity.

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+ Details

Employee Benefit Plans	3 Months Ended
Employee Benefit Plans	Apr. 30, 2025
Defined Contribution Plan [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company has established a defined contribution savings plan under Section 401(k) of the Internal Revenue Code (the “401(k) Plan”). The 401(k) Plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a percentage of their annual compensation as defined in the 401(k) Plan. The Company matches portions of employees’ voluntary contributions. Additional employer contributions may also be made at the Company’s discretion. The Company recorded expense of $2.2 million and $1.7 million for the three months ended April 30, 2025 and 2024, respectively, for matching contributions to the 401(k) Plan.

Balance Sheet Related Items - Schedule of Cost and Accumulated Depreciation of Property and Equipment (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 42,801	$ 38,681
Less: accumulated depreciation and amortization	(17,951)	(15,802)
Total property and equipment, net	24,850	22,879
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,993	12,845
Capitalized software development costs
Property, Plant and Equipment [Line Items]
Property and equipment, gross	10,171	8,219
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,631	3,629
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,755	12,759
Other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,251	$ 1,229

Description of Business and Summary of Significant Accounting Policies - Additional Information (Details) $ / shares in Units, $ in Thousands			3 Months Ended
	Feb. 14, 2025 USD ($) $ / shares shares	Jan. 31, 2025	Apr. 30, 2025 USD ($) shares	Apr. 30, 2024 USD ($)	Feb. 12, 2025
Subsidiary, Sale of Stock [Line Items]
Stock issued value			$ 1,251,436
Proceeds from IPO, net of underwriting discounts and commissions			1,259,681	$ 0
Tax benefit			$ 17,007	$ 24,471
Thomas Bravo \| Sailpoint, Inc
Subsidiary, Sale of Stock [Line Items]
Voting power controlled (in percentage)					86.20%
Common Stock
Subsidiary, Sale of Stock [Line Items]
Conversion of stock (in shares) \| shares			499,060,464
Number of shares issued (in shares) \| shares			57,500,000
Stock issued value			$ 6
Class A Units
Subsidiary, Sale of Stock [Line Items]
Stock split, conversion ratio		60.91
Class B Units
Subsidiary, Sale of Stock [Line Items]
Stock split, conversion ratio		0.45
IPO
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares) \| shares	57,500,000
Shares issued, price per share (in dollars per share) \| $ / shares	$ 23.00
Proceeds from IPO, net of underwriting discounts and commissions	$ 1,248,200
Underwriting discounts	62,800
Offering cost	11,500
Tax benefit	$ 3,200
IPO \| Sailpoint, Inc And Certain Selling Stockholders
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares) \| shares	60,000,000.0
Stock issued value	$ 1,380,000
IPO \| Certain Selling Stockholders
Subsidiary, Sale of Stock [Line Items]
Number of shares issued (in shares) \| shares	2,500,000

Business Combinations - Schedule of Fair Values and Useful Lives of Identifiable Intangible Assets Acquired (Details) - USD ($) $ in Thousands	Dec. 13, 2024	Apr. 08, 2024
Imprivata
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 9,800
Imprivata \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 1,600
Estimated Useful Life	3 years
Imprivata \| Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 8,200
Estimated Useful Life	4 years
Double Zero \| Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Amount		$ 1,360
Estimated Useful Life		6 years

Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following tables present information about the Company’s financial assets that are measured at fair value on a recurring basis (in thousands):


	April 30, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	199,942	$	—	$	—	$	199,942
Total assets	$	199,942	$	—	$	—	$	199,942
Liabilities:
Contingent consideration	$	—	$	—	$	5,700	$	—
Total liabilities	$	—	$	—	$	5,700	$	—


	January 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	81,972	$	—	$	—	$	81,972
Total assets	$	81,972	$	—	$	—	$	81,972
Liabilities:
Contingent consideration	$	—	$	—	$	5,700	$	—
Total liabilities	$	—	$	—	$	5,700	$	—

Schedule of Estimated Fair Value of Contingent Consideration

The estimated fair value of the contingent consideration was determined with the following key inputs as of the acquisition date and is consistent with those as of January 31, 2025:


Probability of achievement	84.2	%
Expected timing of payment	Fiscal Year 2026
Discount rate	13.5	%

Business Combinations

3 Months Ended

Apr. 30, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Business Combinations

2025 Acquisitions

Imprivata

On December 13, 2024, the Company acquired the Identity Governance and Administration business of Imprivata, a digital identity company for life- and mission-critical industries that is majority owned by Thoma Bravo, for a cash payment at closing of $10.7 million and up to an additional cash amount of $7.4 million related to contingent consideration subject to the achievement of certain customer contract assignments or migrations. The contingent consideration is recorded in the condensed consolidated balance sheets in accrued expenses and other liabilities at a fair value of $5.7 million. The remaining contingent consideration is payable eight months after the closing date. See Note 4 for additional information on the fair value of the contingent consideration.

The following table summarizes the preliminary purchase price allocation as of the date of acquisition (in thousands):




Accounts receivable	$	1,572
Goodwill	9,247
Intangible assets	9,800
Deferred revenue	(4,236)
Total fair value of assets acquired and liabilities assumed	$	16,383

The preliminary fair value estimates and assumptions regarding certain tangible assets acquired and liabilities assumed and the valuation of intangible assets acquired are subject to change as additional information is obtained during the measurement period. The goodwill arising from the acquisition is deductible for tax purposes.

The fair value of the developed technology was estimated using a market approach. The fair value of customer relationships was estimated using the excess earnings method. The following table presents the fair values and useful lives of the identifiable intangible assets acquired:


	Amount		Estimated Useful Life
	(In thousands)		(In years)
Developed technology	$	1,600	3
Customer relationships	8,200		4
Total identifiable intangible assets	$	9,800

Double Zero

On April 9, 2024 (“Acquisition Date”), the Company acquired all of the outstanding stock of Double Zero Security, Inc. (“Double Zero”), a third-party provider of digital-identity threat detection and response for secure enterprise access. The aggregate consideration transferred in connection with this acquisition was $5.4 million, net of cash acquired, and $0.8 million was related to certain indemnities ("Holdback Consideration"). The Company paid $0.1 million of the Holdback Consideration 60 days after the Acquisition Date and the remaining Holdback Consideration of $0.7 million was paid in April 2025.

The following table summarizes the purchase price allocation as of the date of acquisition (in thousands):




Cash and cash equivalents	$	9
Accounts receivable	25
Prepayments and other current assets	18
Deferred tax assets, non-current	860
Goodwill	3,566
Intangible assets	1,360
Accounts payable	(41)
Accrued expenses and other liabilities	(108)
Deferred revenue	(311)
Total fair value of assets acquired and liabilities assumed	$	5,378

The fair value of the developed technology was estimated using a market approach. The following table presents the estimated fair values and useful lives of the identifiable intangible assets acquired:


	Amount		Estimated Useful Life
	(In thousands)		(In years)
Developed technology	$	1,360	6

Additional Acquisition Related Information

The operating results of the acquired companies are included in the Company’s condensed consolidated statements of operations from the respective dates of acquisition. Pro forma results of operations have not been presented because the effects of these acquisitions, individually and in the aggregate, were not material to the Company’s condensed consolidated statements of operations.

The Company believes that for each acquisition, the acquired companies will provide opportunities for growth through investing in additional products and capabilities, among other factors. This contributed to a purchase price in excess of the estimated fair value of each acquired company’s net identifiable assets acquired and, as a result, goodwill was recorded in connection with each acquisition. Unless otherwise noted above, goodwill arising from these acquisitions is not deductible for tax purposes.

Credit Agreement and Debt - Narrative (Details) - Credit Agreement - Line of Credit - USD ($)		3 Months Ended
	Aug. 16, 2022	Apr. 30, 2025	Apr. 30, 2024	Jan. 31, 2025
Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, term	6 years
Line of credit maximum borrowing capacity	$ 125,000,000.0
Unamortized balance		$ 1,400,000		$ 1,500,000
Amortization of debt issuance costs		$ 400,000	$ 1,200,000
Commitment fee percentage		0.50%
Fronting fee percentage		0.0025
Line of credit outstanding balance		$ 0
Letter of Credit
Line of Credit Facility [Line Items]
Line of credit maximum borrowing capacity	$ 5,000,000.0
Term Loans
Line of Credit Facility [Line Items]
Debt instrument, term	7 years
Line of credit maximum borrowing capacity	$ 1,590,000,000
Loss on extinguishment of debt		15,300,000
Amortization of debt issuance costs		300,000	1,100,000
Total interest expense		22,400,000	46,200,000
Contractual interest expense		$ 6,700,000	$ 45,200,000
Term Loans \| Minimum \| SOFR
Line of Credit Facility [Line Items]
Percentage of variable rate on loans		5.50%
Term Loans \| Minimum \| Base Rate
Line of Credit Facility [Line Items]
Percentage of variable rate on loans		4.50%
Term Loans \| Maximum \| SOFR
Line of Credit Facility [Line Items]
Percentage of variable rate on loans		6.00%
Term Loans \| Maximum \| Base Rate
Line of Credit Facility [Line Items]
Percentage of variable rate on loans		5.00%

Revenue Recognition - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2025	Apr. 30, 2024
Disaggregation of Revenue [Line Items]
Total revenue	$ 230,468	$ 187,656
Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Total revenue	25,619	16,713
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Total revenue	204,849	170,943
Subscription
Disaggregation of Revenue [Line Items]
Total revenue	215,323	170,092
SaaS
Disaggregation of Revenue [Line Items]
Total revenue	131,815	97,067
Maintenance
Disaggregation of Revenue [Line Items]
Total revenue	37,389	38,269
Term subscriptions
Disaggregation of Revenue [Line Items]
Total revenue	40,040	30,685
Other subscription services
Disaggregation of Revenue [Line Items]
Total revenue	6,079	4,071
Perpetual licenses
Disaggregation of Revenue [Line Items]
Total revenue	5	69
Services and other
Disaggregation of Revenue [Line Items]
Total revenue	$ 15,140	$ 17,495

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Millions	Apr. 30, 2025	Apr. 30, 2024
Defined Contribution Plan [Abstract]
Company contributions	$ 2.2	$ 1.7

Balance Sheet Related Items (Tables)

3 Months Ended

Apr. 30, 2025

Balance Sheet Related Disclosures [Abstract]

Schedule of Cost and Accumulated Depreciation of Property and Equipment

The cost and accumulated depreciation of property and equipment are as follows (in thousands):


	April 30, 2025		January 31, 2025
Computer equipment	$	13,993	$	12,845
Capitalized software development costs	10,171		8,219
Furniture and fixtures	3,631		3,629
Leasehold improvements	13,755		12,759
Other	1,251		1,229
Total property and equipment	42,801		38,681
Less: accumulated depreciation and amortization	(17,951)		(15,802)
Total property and equipment, net	$	24,850	$	22,879

Schedule of Prepayments and Other Current Assets

Prepayments and other current assets consisted of the following (in thousands):


	April 30, 2025		January 31, 2025
Prepaid expenses	$	30,732	$	23,966
Restricted cash	6,218		3,097
Income tax receivables	4,532		2,348
Deferred offering costs	—		9,710
Other	7,741		6,749
Total prepayments and other current assets	$	49,223	$	45,870

Schedule of Other Non-Current Assets

Other non-current assets consisted of the following (in thousands):


	April 30, 2025		January 31, 2025
Prepaid expenses	$	4,634	$	4,691
Deferred tax assets, non-current	8,330		8,199
Right-of-use assets, net	20,475		21,627
Other	1,575		1,689
Total other non-current assets	$	35,014	$	36,206

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following (in thousands):


	April 30, 2025		January 31, 2025
Commissions	$	10,412	$	31,365
Bonus	9,664		31,647
Operating lease liabilities - current	4,864		4,586
Payroll and related benefits	8,305		10,250
Cash-settled awards	55		6,416
Interest payable	6		29,829
Income taxes payable	3,820		333
Thoma Bravo advisory fees	—		8,750
Other	29,413		34,959
Total accrued expenses and other liabilities	$	66,539	$	158,135

Schedule of Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in thousands):


	April 30, 2025		January 31, 2025
Long-term operating lease liabilities	$	16,656	$	17,832

EARs	—		14,296
Total other long-term liabilities	$	16,656	$	32,128

Cover - shares	3 Months Ended
Cover - shares	Apr. 30, 2025	Jun. 06, 2025
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2025
Document Transition Report	false
Entity File Number	001-42522
Entity Registrant Name	SailPoint, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-2001765
Entity Address, Address Line One	11120 Four Points Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Austin
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78726
City Area Code	512
Local Phone Number	346-2000
Title of 12(b) Security	Common stock, par value $0.0001 per share
Trading Symbol	SAIL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		556,588,850
Current Fiscal Year End Date	--01-31
Amendment Flag	false
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Entity Central Index Key	0002030781

Allowance for Expected Credit Losses - Changes in Allowance for Expected Credit Losses for Financial Assets Measured at Amortization Cost (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Apr. 30, 2024
Credit Loss [Abstract]
Allowance for credit losses - accounts receivable	$ 814	$ 324
Allowance for credit losses - contract assets	$ 168	$ 169

Allowance for Expected Credit Losses

3 Months Ended

Apr. 30, 2025

Credit Loss [Abstract]

Allowance for Expected Credit Losses

The following table presents the balance of the allowance for expected credit losses for accounts receivable and contract assets (in thousands):


	April 30, 2025		April 30, 2024
Allowance for credit losses - accounts receivable	$	814	$	324
Allowance for credit losses - contract assets	168		169

For the three months ended April 30, 2025 and 2024, the provision for credit losses was $3.6 million and $0.6 million, respectively.

Credit Agreement and Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025
Line of Credit Facility [Line Items]
Net carrying amount	$ 0	$ 1,024,467
Term Loans \| Credit Agreement \| Line of Credit
Line of Credit Facility [Line Items]
Principal	0	1,040,000
Unamortized issuance costs	0	(15,533)
Net carrying amount	$ 0	$ 1,024,467

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Balance Sheet Related Items - Schedule of Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025
Balance Sheet Related Disclosures [Abstract]
Long-term operating lease liabilities	$ 16,656	$ 17,832
EARs	0	14,296
Total other long-term liabilities	$ 16,656	$ 32,128

Segments and Geographic Information - Summary of Consolidated Revenue by Geographic Areas (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2025	Apr. 30, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 230,468	$ 187,656
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	151,177	127,399
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	47,957	36,030
Rest of the World
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 31,334	$ 24,227

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Name Accounting Standards Codification
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-Paragraph 32
-Subparagraph (b)
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 32
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Stockholder' / Partners’ Equity (Tables)

3 Months Ended

Apr. 30, 2025

Equity [Abstract]

Schedule of Redeemable Convertible Units

Redeemable convertible units consisted of the following as of January 31, 2025:


	January 31, 2025
	Units issued and outstanding	Aggregate liquidation preference		Net carrying value
	(In thousands)
Class A Units	403,400	$	8,100,352	$	8,100,352
Class B Units (1)	91,761	—		3,095,789
Total redeemable convertible units	495,161	$	8,100,352	$	11,196,141

(1) The net carrying value includes the redemption value of unvested incentive units that will convert to Class B Units.

Revenue Recognition - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2025	Apr. 30, 2024
Disaggregation of Revenue [Line Items]
Revenue recognized	$ 160.3	$ 130.8
Revenue, remaining performance obligation, amount	1,410.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-05-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, amount	$ 694.0
Remaining performance obligation period	12 months

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Fair Value Measurements - Schedule of Financial Assets that are Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025
Assets:
Money market funds	$ 199,942	$ 81,972
Total assets	199,942	81,972
Liabilities:
Contingent consideration	0	0
Total liabilities	0	0
Level 1
Assets:
Money market funds	199,942	81,972
Total assets	199,942	81,972
Liabilities:
Contingent consideration	0	0
Total liabilities	0	0
Level 2
Assets:
Money market funds	0	0
Total assets	0	0
Liabilities:
Contingent consideration	0	0
Total liabilities	0	0
Level 3
Assets:
Money market funds	0	0
Total assets	0	0
Liabilities:
Contingent consideration	5,700	5,700
Total liabilities	$ 5,700	$ 5,700

Equity-Based Compensation (Tables)

3 Months Ended

Apr. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Equity-based Compensation Expense

A summary of the Company’s equity-based compensation expense by award type is presented below (in thousands):


	Three Months Ended April 30,
	2025		2024
Incentive equity units	$	62,358	$	7,974
Equity appreciation rights	13,307		1,166

Restricted stock awards	4,952		—
Restricted stock units	38,517		—

Cash-settled awards	41,571		16,717
Total equity-based compensation expense	$	160,705	$	25,857

A summary of the Company’s equity-based compensation expense as recognized in the condensed consolidated statements of operations is presented below (in thousands):


	Three Months Ended April 30,
	2025		2024
Cost of revenue - subscription	$	11,264	$	1,702
Cost of revenue - services and other	10,328		1,636
Research and development	27,839		6,857
Sales and marketing	53,503		9,201
General and administrative	57,525		6,461
Total equity-based compensation expense, net of amounts capitalized	$	160,459	$	25,857
Capitalized equity-based compensation	246		—
Total equity-based compensation expense	$	160,705	$	25,857

Schedule of Company's Anti-dilutive Securities

There are equity-based compensation awards that could potentially dilute basic earnings per share and per unit ("EPS") in the future that were not included in the computation of diluted EPS because to do so would have been antidilutive. The following table summarizes the Company’s anti-dilutive securities (in thousands):


	April 30,
	2025	2024
Unvested shares - RSAs (1)	1,066	12,358
Unvested shares - RSUs	16,570	—
Total	17,636	12,358

(1) As of April 30, 2024, amount includes prior-year incentive units that would be subject to conversion to RSAs.

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Apr. 30, 2025	Jan. 31, 2025
Statement of Financial Position [Abstract]
Units issued (in shares)		499,052,847
Units outstanding (in shares)		499,052,847
Aggregate liquidation preference		$ 8,100,352,000
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized (in shares)	1,750,000,000
Common stock, shares issued (in shares)	556,580,175
Common stock, shares outstanding (in shares)	556,580,175
Preferred stock, par value (in dollars per share)	$ 0.0001
Preferred stock, shares authorized (in shares)	50,000,000
Preferred stock, shares issued (in shares)	0
Preferred stock, shares outstanding (in shares)	0

Balance Sheet Related Items - Additional Information (Detail) - USD ($)	3 Months Ended
	Apr. 30, 2025	Apr. 30, 2024
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 2,100,000	$ 1,600,000
Implementation cost, expense, amortization	300,000	200,000
Software development costs
Property, Plant and Equipment [Line Items]
Amortization	$ 300,000	$ 0

Commitment and Contingencies	3 Months Ended
Commitment and Contingencies	Apr. 30, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contractual Purchase Commitments The Company has contractual commitments associated with agreements that are enforceable and legally binding. These contractual commitments do not include obligations under contracts that the Company can cancel without significant penalty or purchase orders as the purchase orders represent authorizations to purchase rather than binding agreements. There were no material changes outside the ordinary course of business to the Company’s non-cancelable contractual commitments disclosed in the Company’s unaudited condensed consolidated financial statements for the three months ended April 30, 2025. Indemnification Arrangements In the ordinary course of business, the Company enters into contractual arrangements under which it agrees to provide indemnification of varying scope and terms to customers, business partners and other parties with respect to certain matters, including losses arising out of the breach of such agreements, intellectual property infringement claims made by third parties, and other liabilities with respect to the Company’s products and services and business. In these circumstances, payment may be conditional on the other party making a claim pursuant to the procedures specified in a particular contract. The Company includes service level commitments to the Company’s cloud customers warranting certain levels of uptime reliability and performance and permitting those customers to receive credits in the event that the Company fails to meet those levels. To date, the Company has not incurred any material costs as a result of these commitments, and the Company expects the time between any potential claims and issuance of the credits to be short. As a result, the Company has not accrued any liabilities related to these commitments in the accompanying condensed consolidated financial statements. Litigation Claims and Assessments The Company is subject to claims and suits that may arise from time to time in the ordinary course of business. In addition, some legal actions, claims and governmental inquiries may be instituted or asserted in the future against the Company and its subsidiaries. Although the outcome of these legal proceedings cannot be predicted with certainty and no assurances can be provided, based upon current information, the Company does not believe the liabilities, if any, which may ultimately result from the outcome of such matters, individually or in the aggregate, will have a material adverse impact on these condensed consolidated financial statements.

Related Party Transactions (Details) - USD ($)	3 Months Ended
Related Party Transactions (Details) - USD ($)	Apr. 30, 2025	Apr. 30, 2024	Aug. 16, 2022
Related Party Transaction [Line Items]
Total revenue	$ 230,468,000	$ 187,656,000
General and administrative	80,820,000	26,879,000
Interest payment	36,570,000	45,215,000
Term Loans \| Credit Agreement \| Line of Credit
Related Party Transaction [Line Items]
Line of credit maximum borrowing capacity			$ 1,590,000,000
Interest expense	22,400,000	46,200,000
Thoma Bravo
Related Party Transaction [Line Items]
Total revenue	700,000	300,000
Purchase transactions	1,300,000	900,000
Agreement payments	9,300,000	1,900,000
General and administrative	600,000	3,800,000
Thoma Bravo \| Term Loans \| Credit Agreement \| Line of Credit
Related Party Transaction [Line Items]
Line of credit maximum borrowing capacity			$ 50,000,000
Interest payment	1,200,000	1,400,000
Interest expense	$ 700,000	$ 1,400,000

Equity-Based Compensation - Schedule of Company's Anti-dilutive Securities (Details) - shares	3 Months Ended
	Apr. 30, 2025	Apr. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total (in shares)	17,636,000	12,358,000
Unvested shares - RSAs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total (in shares)	1,066,000	12,358,000
Unvested shares - RSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total (in shares)	16,570,000	0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Apr. 30, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE UNITS, STOCKHOLDERS' EQUITY AND PARTNERS' DEFICIT - USD ($) $ in Thousands	Total	Class A Units	Class B Units	Common Stock	Additional paid in capital	Additional paid in capital Class A Units	Accumulated Deficit	Accumulated Deficit Class A Units	Accumulated Deficit Class B Units
Beginning balance of redeemable convertible unit (in shares) at Jan. 31, 2024	187,057,000
Beginning balance of redeemable convertible unit at Jan. 31, 2024	$ 5,838,864
Increase (Decrease) in Temporary Equity [Roll Forward]
Vesting of incentive units into Class B Units (in shares)			1,742,000
Adjustment to reflect the redemption value of the redeemable convertible units	$ 0
Repurchase of Units (in shares)		(2,000)	(66,000)
Repurchase of Units		$ (1,139)	$ (541)
Ending balance of redeemable convertible unit (in shares) at Apr. 30, 2024	188,731,000
Ending balance of redeemable convertible unit at Apr. 30, 2024	$ 5,837,184
Common stock, Beginning balance (in shares) at Jan. 31, 2024				0
Stockholders' equity, beginning balance at Jan. 31, 2024	(541,195)			$ 0	$ 37,431		$ (578,626)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repurchase of Units		$ (130)				$ (130)
Equity-based compensation expense	7,974				7,974
Net loss	(89,176)						(89,176)
Common stock, Ending balance (in shares) at Apr. 30, 2024				0
Stockholders' equity, ending balance at Apr. 30, 2024	$ (622,527)			$ 0	45,275		(667,802)
Beginning balance of redeemable convertible unit (in shares) at Jan. 31, 2025	495,161,000	403,400,000	91,761,000
Beginning balance of redeemable convertible unit at Jan. 31, 2025	$ 11,196,141	$ 8,100,352	$ 3,095,789
Increase (Decrease) in Temporary Equity [Roll Forward]
Vesting of incentive units into Class B Units (in shares)			3,049,000
Adjustment to reflect the redemption value of the redeemable convertible units	$ 253,531	23,787	$ 229,744
Effect of Corporate Conversion (in shares)	(498,210,000)
Effect of Corporate Conversion	$ (11,449,672)
Ending balance of redeemable convertible unit (in shares) at Apr. 30, 2025	0
Ending balance of redeemable convertible unit at Apr. 30, 2025	$ 0
Common stock, Beginning balance (in shares) at Jan. 31, 2025				0
Stockholders' equity, beginning balance at Jan. 31, 2025	(5,588,440)			$ 0	0		(5,588,440)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustment to reflect redemption value of redeemable convertible units		$ (23,787)	$ (229,744)					$ (23,787)	$ (229,744)
Equity-based compensation expense prior to Corporate Conversion	862				862
Net loss prior to Corporate Conversion	(19,255)						(19,255)
Effect of Corporate Conversion (in shares)				497,807,000
Effect of Corporate Conversion	11,449,672			$ 50	5,588,396		5,861,226
Issuance of common stock in connection with IPO, net of underwriters’ discounts and commissions and offering costs and tax effects (in shares)				57,500,000
Issuance of common stock in connection with IPO, net of underwriters’ discounts and commissions and offering costs and tax effects	1,251,436			$ 6	1,251,430
Equity-based compensation expense after Corporate Conversion	105,096				105,096
Issuance of common stock upon settlement of restricted stock (in shares)				208,000
Net loss after Corporate Conversion	(168,057)						(168,057)
Net loss	$ (187,312)
Common stock, Ending balance (in shares) at Apr. 30, 2025	556,580,175			555,515,000
Stockholders' equity, ending balance at Apr. 30, 2025	$ 6,777,783			$ 56	$ 6,945,784		$ (168,057)

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands			1 Months Ended	3 Months Ended
	Dec. 13, 2024	Apr. 08, 2024	Apr. 30, 2025	Apr. 30, 2025	Apr. 30, 2024	Jan. 31, 2025	Apr. 09, 2024
Business Acquisition [Line Items]
Contingent consideration			$ 0	$ 0		$ 0
Payments related to holdback consideration				$ 675	$ 0
Imprivata
Business Acquisition [Line Items]
Cash payment	$ 10,700
Additional cash amount related to contingent consideration	7,400
Contingent consideration fair value	$ 5,700
Remaining contingent consideration payable term	8 months
Double Zero
Business Acquisition [Line Items]
Contingent consideration							$ 800
Payments related to holdback consideration		$ 100	$ 700
Initial payment period for holdback consideration, period post acquisition date		60 days

Revenue Recognition (Tables)

3 Months Ended

Apr. 30, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenue

The following table presents the Company’s revenue disaggregated by subscription product categories (in thousands):


	Three Months Ended April 30,
	2025		2024
Subscription
SaaS	$	131,815	$	97,067
Maintenance	37,389		38,269
Term subscriptions	40,040		30,685
Other subscription services	6,079		4,071
Total Subscription	215,323		170,092
Perpetual licenses	5		69
Services and other	15,140		17,495
Total revenue	$	230,468	$	187,656

The following table summarizes the revenue the Company recognizes at a point in time and over time (in thousands):


	Three Months Ended April 30,
	2025		2024
Revenue recognized at a point in time	$	25,619	$	16,713
Revenue recognized over time	204,849		170,943
Total revenue	$	230,468	$	187,656

Income Taxes (Details)	3 Months Ended
Income Taxes (Details)	Apr. 30, 2025	Apr. 30, 2024
Income Tax Disclosure [Abstract]
Effective tax rate	8.30%	21.50%

Balance Sheet Related Items - Schedule of Prepayments and Other Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025
Balance Sheet Related Disclosures [Abstract]
Prepaid expenses	$ 30,732	$ 23,966
Restricted cash	6,218	3,097
Income tax receivables	4,532	2,348
Deferred offering costs	0	9,710
Other	7,741	6,749
Total prepayments and other current assets	$ 49,223	$ 45,870

Fair Value Measurements

3 Months Ended

Apr. 30, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements

Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities recorded at fair value in the financial statements are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels which are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets or liabilities are as follows:

•Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

•Level 2: Observable inputs, other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

•Level 3: Unobservable inputs reflecting the Company’s own assumptions incorporated in valuation techniques used to determine fair value. These assumptions are required to be consistent with market participant assumptions that are reasonably available.

The following tables present information about the Company’s financial assets that are measured at fair value on a recurring basis (in thousands):


	April 30, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	199,942	$	—	$	—	$	199,942
Total assets	$	199,942	$	—	$	—	$	199,942
Liabilities:
Contingent consideration	$	—	$	—	$	5,700	$	—
Total liabilities	$	—	$	—	$	5,700	$	—


	January 31, 2025
	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	81,972	$	—	$	—	$	81,972
Total assets	$	81,972	$	—	$	—	$	81,972
Liabilities:
Contingent consideration	$	—	$	—	$	5,700	$	—
Total liabilities	$	—	$	—	$	5,700	$	—

The Company’s carrying amounts of financial instruments, including cash, accounts receivable, accounts payable, and accrued expenses are considered Level 1 and approximate their fair values due to their short maturities as of April 30, 2025 and January 31, 2025 and are excluded from the fair value tables above. The carrying value of debt at January 31, 2025 is considered Level 1 and approximates fair value.

As of April 30, 2025, the Company measured its contingent consideration associated with its Imprivata acquisition on a recurring basis using significant unobservable inputs, classified as Level 3. The Company recorded the contingent consideration at its fair value on the acquisition date. The Company determined the fair value of contingent consideration using a probability weighted discounted cash flow method. Each reporting period thereafter, the obligation is revalued and changes in its fair values are recorded within sales and marketing expenses within the condensed consolidated statements of operations. Changes in the fair value of the contingent consideration can result from changes in assumed discount periods and rates and from changes pertaining to the estimated or actual achievement of the defined milestones. Significant judgment is employed in determining the appropriateness of these assumptions as of the acquisition date and for each subsequent period. Accordingly, future business and economic conditions, as well as changes in any of the assumptions described above, can materially impact the fair value and corresponding changes in fair value of the contingent consideration the Company records in any given period. As of April 30, 2025, there was not any material change in the fair value of the contingent consideration since the Imprivata acquisition date. See Note 5 for additional information on the Imprivata acquisition.

The estimated fair value of the contingent consideration was determined with the following key inputs as of the acquisition date and is consistent with those as of January 31, 2025:


Probability of achievement	84.2	%
Expected timing of payment	Fiscal Year 2026
Discount rate	13.5	%

There were no material changes in inputs as of April 30, 2025. There were no transfers between fair value measurement levels during the period ended April 30, 2025 and January 31, 2025.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

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-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Business Combinations (Tables)

3 Months Ended

Apr. 30, 2025

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Purchase Price Allocation

The following table summarizes the preliminary purchase price allocation as of the date of acquisition (in thousands):




Accounts receivable	$	1,572
Goodwill	9,247
Intangible assets	9,800
Deferred revenue	(4,236)
Total fair value of assets acquired and liabilities assumed	$	16,383

The following table summarizes the purchase price allocation as of the date of acquisition (in thousands):




Cash and cash equivalents	$	9
Accounts receivable	25
Prepayments and other current assets	18
Deferred tax assets, non-current	860
Goodwill	3,566
Intangible assets	1,360
Accounts payable	(41)
Accrued expenses and other liabilities	(108)
Deferred revenue	(311)
Total fair value of assets acquired and liabilities assumed	$	5,378

Schedule of Fair Values and Useful Lives of Identifiable Intangible Assets Acquired

The following table presents the fair values and useful lives of the identifiable intangible assets acquired:


	Amount		Estimated Useful Life
	(In thousands)		(In years)
Developed technology	$	1,600	3
Customer relationships	8,200		4
Total identifiable intangible assets	$	9,800

The following table presents the estimated fair values and useful lives of the identifiable intangible assets acquired:


	Amount		Estimated Useful Life
	(In thousands)		(In years)
Developed technology	$	1,360	6

Allowance for Expected Credit Losses (Tables)

3 Months Ended

Apr. 30, 2025

Credit Loss [Abstract]

Schedule of Changes in Allowance for Expected Credit Losses for Financial Assets Measured at Amortization Cost

The following table presents the balance of the allowance for expected credit losses for accounts receivable and contract assets (in thousands):


	April 30, 2025		April 30, 2024
Allowance for credit losses - accounts receivable	$	814	$	324
Allowance for credit losses - contract assets	168		169

Schedule of Contract with Customer, Asset, Allowance for Credit Loss

The following table presents the balance of the allowance for expected credit losses for accounts receivable and contract assets (in thousands):


	April 30, 2025		April 30, 2024
Allowance for credit losses - accounts receivable	$	814	$	324
Allowance for credit losses - contract assets	168		169

Credit Agreement and Debt

3 Months Ended

Apr. 30, 2025

Debt Disclosure [Abstract]

Credit Agreement and Debt

Credit Agreement

On August 16, 2022, the Company entered into a Credit Agreement (the "Credit Agreement") that provides for (i) a six-year $125.0 million senior secured revolving credit facility, including a letter of credit sub-facility of up to $5.0 million (the “Revolving Credit Facility”) and (ii) a seven-year $1.59 billion term loan facility (the “Term Loans”). The Revolving Credit Facility matures in August 2028 and the Term Loans mature in August 2029. After the closing of its IPO, the Company fully repaid its Term Loans and recorded an extinguishment of debt related to the remaining balance of its deferred finance costs of $15.3 million, which is recorded within interest expense on the condensed consolidated statement of operations. The remaining unamortized balances for the Revolving Credit Facility of $1.4 million and $1.5 million, respectively, are included in other non-current assets on the accompanying condensed consolidated balance sheets as of April 30, 2025 and January 31, 2025. Amortization of debt issuance costs were $0.4 million and $1.2 million for the three months ended April 30, 2025 and 2024, respectively.

The Company is subject to quarterly financial covenants relating to maintaining a minimum liquidity and annual recurring revenue ratio as defined in the Credit Agreement. The Company was in compliance with all applicable covenants as of April 30, 2025.

All obligations under the Term Loans and Revolving Credit Facility are unconditionally guaranteed by the Company and each of the existing and future direct and indirect material, wholly-owned domestic subsidiaries of the Company, subject to certain exceptions.

Upon the completion of the IPO, the Company elected to enter into a pricing grid conversion based on the Company's Total Consolidated Debt to Consolidated EBITDA Ratio (as defined in the Credit Agreement) and modified the applicable margin over the base rate or Adjusted Term Secured Overnight Financing Rate ("SOFR") for the Term Loans to be in the range of 5.50% and 6.00% (for SOFR loans) and 4.50% and 5.00% (for base rate loans).

The Company will be required to pay a commitment fee on any unused portion of the Revolving Credit Facility at a rate of 0.50% per annum. The Company will also pay customary letter of credit fees, including a fronting fee equal to 0.25% per annum of the dollar equivalent of the maximum amount available to be drawn under all outstanding letters of credit, as well as customary issuance and administration fees. These fees are recorded as interest expense on the condensed consolidated statement of operations.

The Company may voluntarily repay and reborrow outstanding loans under the Revolving Credit Facility at any time without a premium or a penalty. The Company had no outstanding Revolving Credit Facility balance as of April 30, 2025.

The net carrying amount of the Term Loans is presented as follows (in thousands):


	April 30, 2025		January 31, 2025
Principal	$	—	$	1,040,000
Unamortized issuance costs	—		(15,533)
Net carrying amount	$	—	$	1,024,467

Total interest expense recognized related to the Term Loans for the three months ended April 30, 2025 and 2024 was $22.4 million and $46.2 million, respectively, consisting of contractual interest expense of $6.7 million, amortization of debt issuance costs of $0.3 million and $15.3 million loss from the extinguishment of debt for the three months ended April 30, 2025, and contractual interest expense of $45.2 million and amortization of debt issuance costs of $1.1 million for the three months ended April 30, 2024.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
-Paragraph 6
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-Publisher FASB
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-Subparagraph (a)(3)
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
-Paragraph 1B
-Subparagraph (h)
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Name Accounting Standards Codification
-Section S99
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-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Section 45
-Paragraph 2
-Publisher FASB
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (c)
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Fair Value Measurements - Schedule of Estimated Fair Value of Contingent Consideration (Details)	Apr. 30, 2025
Probability of achievement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration key inputs	0.842
Discount rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration key inputs	0.135

Equity-Based Compensation - Schedule of Equity-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2025	Apr. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense, net of amounts capitalized	$ 160,459	$ 25,857
Capitalized equity-based compensation	246	0
Total equity-based compensation expense	160,705	25,857
Research and development
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense, net of amounts capitalized	27,839	6,857
Sales and marketing
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense, net of amounts capitalized	53,503	9,201
General and administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense, net of amounts capitalized	57,525	6,461
Subscription \| Cost of Sales
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense, net of amounts capitalized	11,264	1,702
Services and other \| Cost of Sales
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense, net of amounts capitalized	$ 10,328	$ 1,636

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	3 Months Ended
	Apr. 30, 2025 USD ($)	Apr. 30, 2024 USD ($)
Cash flows from operating activities
Net loss	$ (187,312)	$ (89,176)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	52,065	65,987
Amortization and write-off of debt discount and issuance costs	15,641	1,072
Amortization of contract acquisition costs	8,167	4,849
Loss (gain) on disposal of property and equipment	0	(11)
Provision for credit losses	3,562	402
Equity-based compensation expense prior to Corporate Conversion	105,712	7,974
Deferred taxes	(25,325)	(27,929)
Net changes in operating assets and liabilities, net of business acquisitions
Accounts receivable	60,036	47,790
Contract acquisition costs	(9,466)	(11,036)
Contract assets	(3,817)	(1,425)
Prepayments and other current assets	(14,990)	(2,767)
Other non-current assets	82	(2,081)
Operating leases, net	255	5
Accounts payable	333	(5,271)
Accrued expenses and other liabilities	(90,626)	(32,998)
Deferred revenue	(11,124)	(10,771)
Net cash used in operating activities	(96,807)	(55,386)
Cash flows from investing activities
Purchase of property and equipment	(2,191)	(587)
Proceeds from sale of property and equipment	0	11
Capitalized software development costs	(1,706)	(2,514)
Business acquisitions, net of cash acquired	0	(4,594)
Net cash used in investing activities	(3,897)	(7,684)
Cash flows from financing activities
Proceeds from IPO, net of underwriting discounts and commissions	1,259,681	0
Repayment of Term Loans	(1,040,000)	0
Payments of deferred offering costs, net	(8,357)	0
Payments related to holdback consideration	(675)	0
Repurchase of units	0	(1,810)
Net cash provided by financing activities	210,649	(1,810)
Net change in cash, cash equivalents and restricted cash	109,945	(64,880)
Cash, cash equivalents and restricted cash, beginning of period	124,390	218,468
Cash, cash equivalents and restricted cash, end of period	234,335	153,588
Supplemental cash flow information:
Interest	36,570	45,215
Income taxes, net of refunds	2,110	4,309
Operating cash flows from operating leases	1,501	1,522
Supplemental disclosure of noncash investing and financing activities:
Effect of Corporate Conversion	11,449,672	0
Adjustment to reflect the redemption value of the redeemable convertible units	253,531	0
Capitalized equity-based compensation included in property and equipment, net	246	0
Deferred offering costs included in accounts payable and accrued expenses and other liabilities	261	304
Reconciliation of cash, cash equivalents and restricted cash from the condensed consolidated balance sheets to the condensed consolidated statements of cash flows:
Cash and cash equivalents	228,117	146,750
Restricted cash within prepayments and other current assets	6,218	6,838
Total cash, cash equivalents, and restricted cash in the consolidated statements of cash flows	$ 234,335	$ 153,588

Income Taxes	3 Months Ended
Income Taxes	Apr. 30, 2025
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the three months ended April 30, 2025 and 2024 was 8.3% and 21.5%, respectively. For the three months ended April 30, 2025, the effective tax rate differs from the statutory rate primarily as a result of certain non-deductible equity-based compensation, non-deductible executive officer compensation, and an increase in valuation allowance. Provision for income taxes consists of U.S. and state income taxes and income taxes in certain foreign jurisdictions in which the Company conducts business. The Company is in an overall deferred tax liability position and maintains a valuation allowance for certain federal and state tax jurisdictions as existing deferred tax liabilities do not provide sufficient future taxable income to realize the full benefit of its deferred tax assets. The Company’s practice is to recognize interest and/or penalties related to income tax matters in income tax expense. During the three months ended April 30, 2025 and 2024, the Company did not record any material interest or penalties.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
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-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section S99
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025
Current assets
Cash and cash equivalents	$ 228,117	$ 121,293
Accounts receivable, net of allowance	190,452	254,050
Contract acquisition costs	34,606	32,834
Contract assets, net of allowance	54,154	58,335
Prepayments and other current assets	49,223	45,870
Total current assets	556,552	512,382
Property and equipment, net	24,850	22,879
Contract acquisition costs, non-current	93,797	94,270
Contract assets, non-current, net of allowance	41,786	33,788
Other non-current assets	35,014	36,206
Goodwill	5,151,668	5,151,668
Intangible assets, net	1,510,811	1,560,723
Total assets	7,414,478	7,411,916
Current liabilities
Accounts payable	3,848	3,515
Accrued expenses and other liabilities	66,539	158,135
Deferred revenue	404,557	413,043
Total current liabilities	474,944	574,693
Deferred tax liabilities, non-current	111,334	136,528
Other long-term liabilities	16,656	32,128
Deferred revenue, non-current	33,761	36,399
Long-term debt, net	0	1,024,467
Total liabilities	636,695	1,804,215
Commitments and contingencies (Note 6)
Redeemable convertible units, no par value, unlimited units authorized, 499,052,847 units issued and outstanding as of January 31, 2025; aggregate liquidation preference of $8,100,352 as of January 31, 2025	0	11,196,141
Stockholders' equity / partners' deficit
Preferred stock, par value of $0.0001 per share, 50,000,000 shares authorized and no shares issued or outstanding as of April 30, 2025	0	0
Common stock, par value of $0.0001 per share; 1,750,000,000 authorized as of April 30, 2025; 556,580,175 shares issued and outstanding as of April 30, 2025	56	0
Additional paid in capital	6,945,784	0
Accumulated deficit	(168,057)	(5,588,440)
Total stockholders' equity / partners' deficit	6,777,783	(5,588,440)
Total liabilities, redeemable convertible units, and stockholders' equity / partners' deficit	$ 7,414,478	$ 7,411,916

Segments and Geographic Information (Tables)

3 Months Ended

Apr. 30, 2025

Segment Reporting [Abstract]

Summary of Consolidated Revenue by Geographic Areas

The following is a summary of consolidated revenues within geographic areas determined by the billing address of the customer for the periods presented (in thousands):


	Three Months Ended April 30,
	2025		2024
United States	$	151,177	$	127,399
EMEA	47,957		36,030
Rest of the World	31,334		24,227
Total revenue	$	230,468	$	187,656

Stockholder' / Partners’ Equity - Schedule of Redeemable Convertible Units - (Details) - USD ($) shares in Thousands	Apr. 30, 2025	Jan. 31, 2025	Apr. 30, 2024	Jan. 31, 2024
Class of Warrant or Right [Line Items]
Units issued (in shares)	0	495,161	188,731	187,057
Units outstanding (in shares)		495,161
Aggregate liquidation preference		$ 8,100,352,000
Net carrying value	$ 0	$ 11,196,141,000	$ 5,837,184,000	$ 5,838,864,000
Class A Units
Class of Warrant or Right [Line Items]
Units issued (in shares)		403,400
Units outstanding (in shares)		403,400
Aggregate liquidation preference		$ 8,100,352,000
Net carrying value		$ 8,100,352,000
Class B Units
Class of Warrant or Right [Line Items]
Units issued (in shares)		91,761
Units outstanding (in shares)		91,761
Aggregate liquidation preference		$ 0
Net carrying value		$ 3,095,789,000

- Definition

Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Section S99
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

+ Details

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Apr. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Organization On February 12, 2025, in connection with our initial public offering ("IPO"), SailPoint Parent, LP converted into a Delaware corporation pursuant to a statutory conversion and changed its name to SailPoint, Inc. (the "Corporate Conversion"). The purpose of the Corporate Conversion was to reorganize the Company's corporate structure so that the entity offering its securities to the public in the IPO would be a corporation rather than a limited partnership. References in this Quarterly Report on Form 10-Q to “SailPoint,” the “Company,” “we,” “us” and “our” (i) for periods prior to the Corporate Conversion, refer to SailPoint Parent, LP and, where appropriate, its consolidated subsidiaries and (ii) for periods after the Corporate Conversion, refer to SailPoint, Inc. and, where appropriate, its consolidated subsidiaries. In conjunction with the Corporate Conversion, all of the Company's outstanding partnership units were converted into an aggregate of 499,060,464 shares of our common stock. The number of shares of common stock issuable to holders of Class A Units of SailPoint Parent, LP ("Class A Units") and holders of Class B Units of SailPoint Parent, LP ("Class B Units") in connection with the Corporate Conversion were determined pursuant to the applicable provisions of the plan of conversion. The Company continues to be controlled by Thoma Bravo UGP, LLC (together with its affiliated entities, "Thoma Bravo") following the Corporate Conversion. After giving effect to the Corporate Conversion and the closing of the Company's IPO, Thoma Bravo controls approximately 86.2% of the voting power of the Company. As a result of the Corporate Conversion, SailPoint, Inc. succeeded to all of the property and assets of SailPoint Parent, LP and succeeded to all of the debts, obligations and liabilities of SailPoint Parent, LP. SailPoint, Inc. is governed by a certificate of incorporation filed with the Delaware Secretary of State. The condensed consolidated financial statements and footnotes give effect to the Corporate Conversion on a prospective basis as of the conversion date. The Company conducts business as SailPoint and delivers solutions to enable comprehensive identity security for the enterprise. Unit Split On January 31, 2025, the Company effected a 60.91-for-1 forward unit split and a 0.45-for-1 reverse unit split of the Class A Units and Class B Units, respectively. All Class A Unit and Class B Unit and per unit information included in the accompanying condensed consolidated financial statements and footnotes has been retroactively adjusted to reflect this unit split for all periods presented. Additionally, all incentive unit and per unit information in the condensed consolidated financial statements and footnotes was adjusted to reflect the 0.45-for-1 reverse unit split of the Class B Units. Completion of Initial Public Offering On February 14, 2025, the Company closed its IPO of 60.0 million shares of its common stock, of which 57.5 million shares were sold by the Company and 2.5 million shares were sold by certain selling stockholders, at an initial offering price to the public of $23.00 per share for an aggregate offering price of $1,380.0 million. The Company received net proceeds of approximately $1,248.2 million, net of approximately $62.8 million of underwriting discounts and commissions and approximately $11.5 million of offering costs, net. The Company also realized a tax benefit of $3.2 million, which may be revalued in future periods, and recorded it as part of additional paid-in capital in the condensed consolidated balance sheets as of April 30, 2025. Basis of Presentation The accompanying condensed consolidated financial statements, which include the accounts of the Company and its wholly owned subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”). All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated balance sheet data as of April 30, 2025 was derived from the Company’s audited financial statements included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2025 (the “fiscal 2025 Form 10-K”) but does not include all disclosures required by GAAP. Therefore, these interim condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in the fiscal 2025 Form 10-K. The accompanying condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, that are, in the opinion of management, necessary for the fair presentation of the Company’s results for the interim periods presented. The results of operations for the three months ended April 30, 2025 shown in this report are not necessarily indicative of the results to be expected for the full year ending January 31, 2026 or any other period. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Future events and their effects cannot be determined with certainty. On an ongoing basis, management evaluates these estimates judgments and assumptions. The Company bases its estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. In particular, the Company makes estimates with respect to the fair value allocation of multiple performance obligations in revenue recognition, the expected period of benefit of contract acquisition costs, and estimated useful lives and impairment of intangible assets and goodwill arising from business combinations. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Actual results could differ from those estimates. Concentration of Credit and Other Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, accounts receivable, and contract assets. The Company maintains its cash in bank deposit accounts that exceeded federally insured limits as of April 30, 2025 and January 31, 2025. There was no concentration of credit risk for customers as no individual entity represented more than 10% of accounts receivable and contract assets as of April 30, 2025 and January 31, 2025. No customer accounted for more than 10% of revenue during the three months ended April 30, 2025 or 2024. The Company does not experience concentration of credit risk in foreign countries as no foreign country represents more than 10% of the Company’s condensed consolidated revenues or net assets. Significant Accounting Policies There have been no changes to the Company’s significant accounting policies as described in the fiscal 2025 Form 10-K, except as described below: Equity-Based Compensation Since the IPO, the Company predominantly grants service-based restricted stock units (“RSUs”) to employees, directors, and nonemployees. The Company recognizes equity-based compensation expense for its awards on a straight-line basis over the requisite service period of the individual grants, which is generally the vesting period, based on the estimated grant date fair values. The fair value of RSUs is estimated on the date of grant based on the fair value of the Company’s common stock. The Company recognizes the effect of forfeitures in equity-based compensation expense based on actual forfeitures when they occur. Net Loss Per Share/Unit Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without the consideration of potential dilutive common shares. For purposes of calculating net loss per share attributable to common stockholders for the three months ended April 30, 2025 (during which a portion of the period preceded the IPO), the Company retrospectively applied the effects of the Corporate Conversion to the Class B Units. The Class B Units were included in the net loss per share calculations. For the periods that preceded the IPO and Corporate Conversion, the weighted-average number of common shares / units outstanding excludes the common stock sold in the IPO and the Class A Units outstanding. The Company calculated the net loss attributable to common stockholders by adjusting the net loss to include the yield earned by the Class A Units through the Corporate Conversion. The Company did not retrospectively adjust for the affect of the Corporate Conversion for periods prior to fiscal year 2026. Dilutive net loss per share is computed by giving effect to all of the Company’s potential common shares outstanding to the extent the potential shares are dilutive. Basic and diluted net loss per share was the same, and the inclusion of all potential shares of the Company’s common stock would have been anti-dilutive. Recently Adopted Accounting Pronouncements Accounting Standards Update 2023-07 In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU-2023-07, Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which requires public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in Accounting Standard Codification ("ASC") 280 on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. Adoption of ASU 2023-07 should be applied retrospectively to all prior periods presented in the financial statements. The Company adopted this standard on a retrospective basis, and this did not have a material impact on its condensed consolidated financial statements or disclosures.

Equity-Based Compensation - Schedule of Equity-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2025	Apr. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense	$ 160,705	$ 25,857
Incentive equity units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense	62,358	7,974
Equity appreciation rights
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense	13,307	1,166
Restricted stock awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense	4,952	0
Restricted stock units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense	38,517	0
Cash-settled awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total equity-based compensation expense	$ 41,571	$ 16,717

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Allowance for Expected Credit Losses - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2025	Apr. 30, 2024
Credit Loss [Abstract]
Provision for credit losses	$ 3.6	$ 0.6

Credit Agreement and Debt (Tables)

3 Months Ended

Apr. 30, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The net carrying amount of the Term Loans is presented as follows (in thousands):


	April 30, 2025		January 31, 2025
Principal	$	—	$	1,040,000
Unamortized issuance costs	—		(15,533)
Net carrying amount	$	—	$	1,024,467

Balance Sheet Related Items

3 Months Ended

Apr. 30, 2025

Balance Sheet Related Disclosures [Abstract]

Balance Sheet Related Items

Property and Equipment

The cost and accumulated depreciation of property and equipment are as follows (in thousands):


	April 30, 2025		January 31, 2025
Computer equipment	$	13,993	$	12,845
Capitalized software development costs	10,171		8,219
Furniture and fixtures	3,631		3,629
Leasehold improvements	13,755		12,759
Other	1,251		1,229
Total property and equipment	42,801		38,681
Less: accumulated depreciation and amortization	(17,951)		(15,802)
Total property and equipment, net	$	24,850	$	22,879

Depreciation and amortization expense was $2.1 million and $1.6 million for the three months ended April 30, 2025 and 2024, which includes amortization of software development costs of $0.3 million for the three months ended April 30, 2025. There was no amortization of software development costs for the three months ended April 30, 2024.

Prepayments and Other Current Assets and Other Non-Current Assets

Prepayments and other current assets consisted of the following (in thousands):


	April 30, 2025		January 31, 2025
Prepaid expenses	$	30,732	$	23,966
Restricted cash	6,218		3,097
Income tax receivables	4,532		2,348
Deferred offering costs	—		9,710
Other	7,741		6,749
Total prepayments and other current assets	$	49,223	$	45,870

Amortization expense related to capitalized implementation costs was $0.3 million and $0.2 million for the three months ended April 30, 2025 and 2024.

Other non-current assets consisted of the following (in thousands):


	April 30, 2025		January 31, 2025
Prepaid expenses	$	4,634	$	4,691
Deferred tax assets, non-current	8,330		8,199
Right-of-use assets, net	20,475		21,627
Other	1,575		1,689
Total other non-current assets	$	35,014	$	36,206

Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following (in thousands):


	April 30, 2025		January 31, 2025
Commissions	$	10,412	$	31,365
Bonus	9,664		31,647
Operating lease liabilities - current	4,864		4,586
Payroll and related benefits	8,305		10,250
Cash-settled awards	55		6,416
Interest payable	6		29,829
Income taxes payable	3,820		333
Thoma Bravo advisory fees	—		8,750
Other	29,413		34,959
Total accrued expenses and other liabilities	$	66,539	$	158,135

Other Long-Term Liabilities

Other long-term liabilities consisted of the following (in thousands):


	April 30, 2025		January 31, 2025
Long-term operating lease liabilities	$	16,656	$	17,832

EARs	—		14,296
Total other long-term liabilities	$	16,656	$	32,128

Equity-Based Compensation

3 Months Ended

Apr. 30, 2025

Share-Based Payment Arrangement [Abstract]

Equity-Based Compensation

Impact of the IPO on Employee Incentive Plans

On January 31, 2025, the Board approved modifications to accelerate the vesting of certain incentive units, equity appreciation rights (“EARs”), and cash settled awards subject to the pricing and closing of the IPO. Prior to taking into effect

the Corporate Conversion, the Company modified 3,036,888 incentive units and 377,077 EARs. Upon the IPO, the vested incentive units were considered redeemable. During the three months ended April 30, 2025, as a result of the modifications and the closing of the IPO, the Company recognized $113.8 million of equity-based compensation expense in the condensed consolidated statement of operations, which was comprised of $61.5 million, $12.6 million, and $39.8 million of expense for the modified incentive units, EARs, and cash settled awards, respectively.

During the three months ended April 30, 2025, the Company settled the vested EARs and cash settled awards, paying $75.2 million. As of April 30, 2025, the outstanding cash awards remaining to be settled were not significant.

In addition, the Company cancelled and replaced the unvested incentive units and EARs with grants of RSAs and RSUs, respectively. The Company granted 1,253,536 RSAs and 232,168 RSUs, which are governed by the SailPoint, Inc. Omnibus Incentive Plan (the “Omnibus Plan”). As a result of granting the RSUs, the Company reclassified an insignificant amount for the unvested EARs from other long-term liabilities on the condensed consolidated balance sheets to additional paid in capital.

As of April 30, 2025, there were no outstanding awards under the SailPoint Parent, LP Incentive Equity Plan.

Omnibus Plan

On February 12, 2025, the shareholders and Board approved the Omnibus Plan, which then became effective. The Omnibus Plan provides for the grant of stock options, stock appreciation rights, restricted stock, RSUs, stock awards, dividend equivalents, other stock-based awards, cash awards, and substitute awards intended to align the interests of award holders with those of the Company’s stockholders.

The aggregate number of shares of common stock that may be issued pursuant to the Omnibus Plan is 61,083,763, which shall increase on February 1 of each fiscal year, equal to the lesser of (a) 5% of the aggregate number of shares of common stock outstanding on January 31 of the immediately preceding fiscal year and (b) such smaller number of shares as determined by the Board.

The Omnibus Plan primarily allows for awards to vest based on continued service to the Company and/or its affiliates. Equity-based compensation costs for granted awards are recognized as an expense on a straight-line basis over the requisite service period as the services are performed.

Capitalized equity-based compensation expense is recorded as part of property and equipment, net on the condensed consolidated balance sheets and is amortized on a project-by-project basis using the straight-line method.

During the three months ended April 30, 2025, the Company granted 16,483,859 RSUs that vest ratably predominantly over two to four years based on continued service to the Company.

Equity-based Compensation Expense

A summary of the Company’s equity-based compensation expense by award type is presented below (in thousands):


	Three Months Ended April 30,
	2025		2024
Incentive equity units	$	62,358	$	7,974
Equity appreciation rights	13,307		1,166

Restricted stock awards	4,952		—
Restricted stock units	38,517		—

Cash-settled awards	41,571		16,717
Total equity-based compensation expense	$	160,705	$	25,857

A summary of the Company’s equity-based compensation expense as recognized in the condensed consolidated statements of operations is presented below (in thousands):


	Three Months Ended April 30,
	2025		2024
Cost of revenue - subscription	$	11,264	$	1,702
Cost of revenue - services and other	10,328		1,636
Research and development	27,839		6,857
Sales and marketing	53,503		9,201
General and administrative	57,525		6,461
Total equity-based compensation expense, net of amounts capitalized	$	160,459	$	25,857
Capitalized equity-based compensation	246		—
Total equity-based compensation expense	$	160,705	$	25,857


	April 30,
	2025	2024
Unvested shares - RSAs (1)	1,066	12,358
Unvested shares - RSUs	16,570	—
Total	17,636	12,358

(1) As of April 30, 2024, amount includes prior-year incentive units that would be subject to conversion to RSAs.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

Apr. 30, 2025

Apr. 30, 2024

Revenue

Total revenue

$ 230,468

$ 187,656

Cost of revenue

Total cost of revenue

102,813

72,166

Gross profit

127,655

115,490

Operating expenses

Research and development

67,270

41,917

Sales and marketing

164,530

114,887

General and administrative

80,820

26,879

Total operating expenses

312,620

183,683

Loss from operations

(184,965)

(68,193)

Other income (expense), net

Interest income

3,226

1,975

Interest expense

(22,389)

(46,239)

Other income (expense), net

(191)

(1,190)

Total other income (expense), net

(19,354)

(45,454)

Loss before income taxes

(204,319)

(113,647)

Income tax benefit (expense)

17,007

24,471

Net loss

(187,312)

(89,176)

Class A yield

(23,786)

(51,367)

Net loss attributable to common stockholders and Class B unitholders

$ (211,098)

$ (140,543)

Net loss per share attributable to common stockholders and Class B unitholders, basic (in dollars per share)

^[1]

$ (0.42)

$ (0.77)

Net loss per share attributable to common stockholders and Class B unitholders, diluted (in dollars per share)

^[1]

$ (0.42)

$ (0.77)

Weighted average shares and Class B units outstanding, basic (in shares)

^[1]

500,029

182,383

Weighted average shares and Class B units outstanding, diluted (in shares)

^[1]

500,029

182,383

Subscription

Revenue

Total revenue

$ 215,323

$ 170,092

Cost of revenue

Total cost of revenue

75,491

55,120

Perpetual licenses

Revenue

Total revenue

Cost of revenue

Total cost of revenue

Services and other

Revenue

Total revenue

15,140

17,495

Cost of revenue

Total cost of revenue

$ 27,319

$ 16,986

[1]

Amounts for the period during February 2025 prior to the Corporate Conversion have been retrospectively adjusted to give effect to the Corporate Conversion described in Note 1. These amounts do not consider the shares of common stock sold in the Company's IPO or the Class A Units considered preferred shares that were converted into common stock due to the Corporate Conversion. The Company did not retrospectively adjust for the effect of the Corporate Conversion for periods prior to fiscal year 2026.

Stockholder' / Partners’ Equity - Additional Information (Details) $ / shares in Units, $ in Millions	Apr. 30, 2025 vote $ / shares shares	Feb. 12, 2025 USD ($) $ / shares	Jan. 31, 2025 USD ($) $ / shares
Class of Warrant or Right [Line Items]
Common stock, shares authorized (in shares)	1,750,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.0001
Preferred stock, shares authorized (in shares)	50,000,000
Preferred stock, par value (in dollars per share) \| $ / shares	$ 0.0001
Number of common stock voting rights \| vote	1
Preferred stock, shares outstanding (in shares)	0
Preferred stock, shares issued (in shares)	0
Class A Units
Class of Warrant or Right [Line Items]
Cumulative unpaid yield \| $		$ 1,501.7	$ 1,477.9
Cumulative unpaid yield (in dollars per share) \| $ / shares		$ 3.72	$ 3.66

Balance Sheet Related Items - Schedule of Other Non-Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025
Balance Sheet Related Disclosures [Abstract]
Prepaid expenses	$ 4,634	$ 4,691
Deferred tax assets, non-current	8,330	8,199
Right-of-use assets, net	20,475	21,627
Other	1,575	1,689
Total other non-current assets	$ 35,014	$ 36,206

Segments and Geographic Information - Additional Information (Details)	3 Months Ended
	Apr. 30, 2025 segment
Segment Reporting [Abstract]
Number of reportable segments	1

Balance Sheet Related Items - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2025	Jan. 31, 2025
Balance Sheet Related Disclosures [Abstract]
Commissions	$ 10,412	$ 31,365
Bonus	9,664	31,647
Operating lease liabilities - current	$ 4,864	$ 4,586
Operating lease, liability, current, statement of financial position [extensible list]	Accrued expenses and other liabilities	Accrued expenses and other liabilities
Payroll and related benefits	$ 8,305	$ 10,250
Cash-settled awards	55	6,416
Interest payable	6	29,829
Income taxes payable	3,820	333
Thoma Bravo advisory fees	0	8,750
Other	29,413	34,959
Accrued expenses and other liabilities	$ 66,539	$ 158,135

Revenue Recognition

3 Months Ended

Apr. 30, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Disaggregation of Revenue

The following table presents the Company’s revenue disaggregated by subscription product categories (in thousands):


	Three Months Ended April 30,
	2025		2024
Subscription
SaaS	$	131,815	$	97,067
Maintenance	37,389		38,269
Term subscriptions	40,040		30,685
Other subscription services	6,079		4,071
Total Subscription	215,323		170,092
Perpetual licenses	5		69
Services and other	15,140		17,495
Total revenue	$	230,468	$	187,656

The following table summarizes the revenue the Company recognizes at a point in time and over time (in thousands):


	Three Months Ended April 30,
	2025		2024
Revenue recognized at a point in time	$	25,619	$	16,713
Revenue recognized over time	204,849		170,943
Total revenue	$	230,468	$	187,656

Contract Balances

Deferred revenue consists primarily of payments received in advance of revenue recognition under the Company’s contracts with customers. Revenue recognized during the reporting periods that was previously deferred was $160.3 million and $130.8 million for the three months ended April 30, 2025 and 2024.

Remaining Performance Obligations

The Company’s contracts with customers include amounts allocated to performance obligations that will be satisfied at a later date. These remaining performance obligations represent contract value that has not yet been recognized as revenue. Remaining performance obligations includes both invoices that have been issued to customers but have not been recognized as

revenue and amounts that will be invoiced and recognized as revenue in future periods. As of April 30, 2025, remaining performance obligations were $1,410.0 million, of which the Company expects to recognize $694.0 million as revenue over the next 12 months.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements, which include the accounts of the Company and its wholly owned subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (the “SEC”). All intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated balance sheet data as of April 30, 2025 was derived from the Company’s audited financial statements included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2025 (the “fiscal 2025 Form 10-K”) but does not include all disclosures required by GAAP. Therefore, these interim condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Company’s annual consolidated financial statements and related footnotes included in the fiscal 2025 Form 10-K. The accompanying condensed consolidated financial statements reflect all adjustments, consisting only of normal recurring adjustments, that are, in the opinion of management, necessary for the fair presentation of the Company’s results for the interim periods presented. The results of operations for the three months ended April 30, 2025 shown in this report are not necessarily indicative of the results to be expected for the full year ending January 31, 2026 or any other period.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions about future events that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Future events and their effects cannot be determined with certainty. On an ongoing basis, management evaluates these estimates judgments and assumptions. The Company bases its estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. In particular, the Company makes estimates with respect to the fair value allocation of multiple performance obligations in revenue recognition, the expected period of benefit of contract acquisition costs, and estimated useful lives and impairment of intangible assets and goodwill arising from business combinations. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Actual results could differ from those estimates.
Concentration of Credit and Other Risks	Concentration of Credit and Other Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, accounts receivable, and contract assets. The Company maintains its cash in bank deposit accounts that exceeded federally insured limits as of April 30, 2025 and January 31, 2025. There was no concentration of credit risk for customers as no individual entity represented more than 10% of accounts receivable and contract assets as of April 30, 2025 and January 31, 2025. No customer accounted for more than 10% of revenue during the three months ended April 30, 2025 or 2024. The Company does not experience concentration of credit risk in foreign countries as no foreign country represents more than 10% of the Company’s condensed consolidated revenues or net assets.
Equity-Based Compensation	Equity-Based Compensation Since the IPO, the Company predominantly grants service-based restricted stock units (“RSUs”) to employees, directors, and nonemployees. The Company recognizes equity-based compensation expense for its awards on a straight-line basis over the requisite service period of the individual grants, which is generally the vesting period, based on the estimated grant date fair values. The fair value of RSUs is estimated on the date of grant based on the fair value of the Company’s common stock. The Company recognizes the effect of forfeitures in equity-based compensation expense based on actual forfeitures when they occur.
Net Loss Per Share/Unit	Net Loss Per Share/Unit Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without the consideration of potential dilutive common shares. For purposes of calculating net loss per share attributable to common stockholders for the three months ended April 30, 2025 (during which a portion of the period preceded the IPO), the Company retrospectively applied the effects of the Corporate Conversion to the Class B Units. The Class B Units were included in the net loss per share calculations. For the periods that preceded the IPO and Corporate Conversion, the weighted-average number of common shares / units outstanding excludes the common stock sold in the IPO and the Class A Units outstanding. The Company calculated the net loss attributable to common stockholders by adjusting the net loss to include the yield earned by the Class A Units through the Corporate Conversion. The Company did not retrospectively adjust for the affect of the Corporate Conversion for periods prior to fiscal year 2026. Dilutive net loss per share is computed by giving effect to all of the Company’s potential common shares outstanding to the extent the potential shares are dilutive. Basic and diluted net loss per share was the same, and the inclusion of all potential shares of the Company’s common stock would have been anti-dilutive.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Accounting Standards Update 2023-07 In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU-2023-07, Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which requires public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. Public entities with a single reportable segment are required to apply the disclosure requirements in ASU 2023-07, as well as all existing segment disclosures and reconciliation requirements in Accounting Standard Codification ("ASC") 280 on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. Adoption of ASU 2023-07 should be applied retrospectively to all prior periods presented in the financial statements. The Company adopted this standard on a retrospective basis, and this did not have a material impact on its condensed consolidated financial statements or disclosures.

- Definition

Disclosure of accounting policy for award under share-based payment arrangement. Includes, but is not limited to, methodology and assumption used in measuring cost.

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+ Details

Related Party Transactions	3 Months Ended
Related Party Transactions	Apr. 30, 2025
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company is an affiliate of Thoma Bravo. The Company engaged in ordinary sales transactions of $0.7 million and $0.3 million and ordinary purchase transactions of $1.3 million and $0.9 million for the three months ended April 30, 2025 and 2024, respectively, with entities affiliated with Thoma Bravo. The Company made payments of $9.3 million and $1.9 million under its advisory services agreement with Thoma Bravo for consultation and advice related to corporate strategy, budgeting of future corporate investments, acquisition and divestiture strategies, and debt and equity financings during the three months ended April 30, 2025 and 2024, respectively. The Company expensed $0.6 million and $3.8 million during the three months ended April 30, 2025 and 2024, respectively, which is included in general and administrative expenses in the Company’s condensed consolidated statements of operations. In conjunction with the closing of the IPO, the Company settled all outstanding fees of $9.3 million payable to Thoma Bravo and its advisory services agreement was terminated. Under the terms of the Credit Agreement, an entity affiliated with Thoma Bravo provided $50.0 million of the Term Loans as part of the syndicate of lenders on August 16, 2022. As a result, the Company made interest payments of $1.2 million and $1.4 million for the three months ended April 30, 2025 and 2024, respectively, and incurred interest expense of $0.7 million and $1.4 million to the affiliate of Thoma Bravo for the three months ended April 30, 2025 and 2024, respectively. The remaining principal balance owed to the affiliate of Thoma Bravo was fully repaid upon the repayment of the Company's Term Loans.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Apr. 30, 2025	Apr. 30, 2024
Pay vs Performance Disclosure
Net loss	$ (187,312)	$ (89,176)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Equity-Based Compensation - Additional Information (Details) - USD ($) $ in Millions			3 Months Ended
	Feb. 12, 2025	Feb. 11, 2025	Apr. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Plan modification, incremental cost			$ 113.8
Omnibus Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate number of shares (in shares)	61,083,763
Aggregate number of shares of common stock outstanding percentage	5.00%
Omnibus Plan \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period			2 years
Omnibus Plan \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period			4 years
Restricted stock units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)			232,168,000
Restricted stock units \| Omnibus Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)			16,483,859,000
Restricted stock awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Granted (in shares)			1,253,536,000
Incentive equity units
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vested (in shares)		3,036,888,000
Plan modification, incremental cost			$ 61.5
Equity appreciation rights
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vested (in shares)		377,077,000
Plan modification, incremental cost			12.6
Cash used to settle award			75.2
Cash-settled awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Plan modification, incremental cost			39.8
Cash used to settle award			$ 75.2