v3.25.1

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

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

SailPoint, Inc. 10-Q