07:51 AM EDT, 06/11/2025 (MT Newswires) -- SailPoint ( SAIL ) reported a fiscal Q1 net loss Wednesday of $0.42 per diluted share, narrower than a loss of $0.77 per share.

Analysts surveyed by FactSet expected a loss of $0.14 per share.

Revenue for the quarter ended April 30 was $230.5 million, up from $187.7 million a year ago.

Analysts surveyed by FactSet expected $225.2 million.

The company said it now expects fiscal 2026 adjusted earnings of $0.16 to $0.20 per share, compared with its previous guidance range of $0.14 to $0.18.

Two analysts surveyed by FactSet expect $0.18.

Revenue for the fiscal year is now anticipated in the range of $1.034 billion to $1.044 billion, compared with $1.025 billion to $1.035 billion expected previously, SailPoint ( SAIL ) said. Analysts surveyed by FactSet expect $1.031 billion.

For fiscal Q2, the company said it expects adjusted earnings to range between $0.04 and $0.05 per share. Analysts surveyed by FactSet expect $0.04.

Revenue for the fiscal quarter is anticipated in the range of $242 million to $244 million, SailPoint ( SAIL ) said. Analysts surveyed by FactSet expect $241 million.

The company's shares were up nearly 10% in recent Wednesday premarket activity.