Service and Support: Regions Bank Launches Disaster-Recovery Options for Consumers, Businesses
An interest rate discount of up to 0.50% on non-business auto loans when customers in impacted areas apply in-branch or by phone [6] . The offer is available for up to 90 days, expiring July 15, 2025.
An interest rate discount of up to 0.50% on new personal unsecured loans when customers in impacted areas apply in a branch or by phone [5] . The offer is available for up to 90 days, expiring July 15, 2025.
One penalty-free CD withdrawal is available upon request (unless within seven days of issuance or renewal) for up to 90 days, expiring July 15, 2025.
Non-Regions ATM fees will be waived when Regions customers use other banks' ATMs in the impacted areas [2] for at least seven days beginning April 15, 2025. (Note: Fees charged by other banks or ATM owners may still apply.)
Areas covered by these offers include several communities [2] in Arkansas, Illinois, Indiana, Kentucky, Missouri, Mississippi, Tennessee and Texas. Additional communities may be added pending further damage assessments. Special options available for a limited time in affected communities include:
For many, recent storms have been life altering; first and foremost, our hearts are with each and every person experiencing loss of any kind. Kate Danella, head of Regions' Consumer Banking Group
"For many, recent storms have been life altering; first and foremost, our hearts are with each and every person experiencing loss of any kind," said Kate Danella, head of Regions' Consumer Banking Group. "Our teams are part of these communities, and we're ready to listen to customers' unique needs and offer solutions to help them get through this time. We're also offering specific discounts, loan programs and fee waivers as the recovery moves forward. This is a very difficult time, but we'll get through it together as friends and neighbors."
BIRMINGHAM, AL / ACCESS Newswire / May 7, 2025 / Regions Bank announced a series of disaster-recovery financial services designed to help people and businesses impacted by devastating severe storms, tornadoes and flooding that affected parts of the Midwest and Southeast from April 2 through April 7.
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Customers are also encouraged to visit Regions Bank's online Disaster Relief Center at www.regions.com/DisasterRelief, as well as Regions' Customer Assistance Program at www.regions.com/help/customer-assistance-program, for timely information on financial recovery programs, loan assistance resources, and more.
"Our communities matter greatly to us, and our ability to support them during times of rebuilding and recovery helps us create pathways toward renewed stability," said John Jordan, head of Retail for Regions Bank. "Whether through local Regions branches, our Contact Centers or our website, we are ready to hear from you and help you move forward."
Additionally, Regions urges both people and businesses to stay informed and safe from fraud, as scammers frequently use natural disasters to access accounts of those in need.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $157 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
[1] All loans and lines of credit are subject to terms and conditions, fees, documentation requirements, and credit approval.
[2] Offers are available for a limited time and only to individuals and businesses affected by severe storms, tornadoes and flooding April 2-7 in the following ZIP codes. Other ZIP codes may be added to this list based on updated storm surveys and damage reports: 37010, 37032, 37040, 37041, 37042, 37043, 37044, 38015, 38023, 38039, 38041, 38044, 38053, 38063, 38361, 38370, 38375, 38618, 38642, 38647, 38661 38665, 39153, 39481, 40007, 40011, 40018, 40036, 40051, 40057, 40058, 40075, 40107, 40150, 40245, 40269, 40299, 40342, 40355, 40359, 40363, 40372, 40383, 40601, 40602, 40603, 40604, 40618, 40619, 40620, 40621, 40622, 41008, 41098, 42001, 42023, 42024, 42031, 42050, 42053, 42056, 42086, 42240, 42327, 42371 42748, 46051, 46112, 46278, 47108, 47165, 47260, 47281, 47421, 47446, 47467, 47519, 47527, 47553, 47567, 47581, 47720, 47725, 62246, 62255, 62258, 62264, 62284, 62468, 62918, 62924, 62939, 62940, 62941, 62942, 62949, 62956, 62966, 62970, 62975, 62996, 63021, 63025, 63026, 63088, 63099, 63127, 63740, 63744, 63763, 63787, 63845, 63901, 63902, 63932, 63954, 63961, 63967, 65276, 71866, 72020, 72075, 72112, 72329, 72338, 72350, 72358, 72370, 72395, 72396, 72411, 72415, 72434, 72437, 72447, 72455, 72460, 72501, 72503, 72519, 72527, 72540, 72550, 72553, 72555, 72556, 72560, 72562, 72564, 72567, 72571, 72575, 72579, 72824, 72833, 72834, 72904, 72956, 75426, 75668. Offers may be subject to other exclusions and restrictions and are subject to change without notice. All loans and lines, deferrals, extensions, or forbearances may be subject to required documentation and credit approval. Residency restrictions may apply. Special loan interest rates may be determined by applicant's credit profile and may not extend to products offered by third parties, such as Avant.
[3] The FEMA no-check-cashing fee offer is available only to Regions customers; if you are not a Regions customer, you must enroll in Now Banking. No checking account is required to enroll in Now Banking. Regions reserves the right to refuse to cash any check.
[4] May be subject to credit approval. Interest will continue to accrue during the period that the payment is skipped or deferred. For installment loans, deferring or skipping payment may extend the maturity of your loan but will not automatically extend any optional insurance. Forbearances, skipped payments and deferrals (a) may vary by customer, (b) postpone - rather than forgive - certain payment obligations and (c) may require payment in full of the postponed payments at the end of the forbearance or deferral period, in addition to any other amounts that come due, unless you make other arrangements with Regions to resolve the delinquency.
[5] New personal unsecured loan and new auto loan rate discounts may not be combined with other special offers or discounts.
[6] You must have a deposit account with Regions that has been open for at least six months in order to be eligible for an automobile loan. Auto loan rate discount of up to 0.50% includes 0.25% disaster relief rate discount with an additional 0.25% rate discount when you enroll in auto debit payments from an existing Regions checking account. Auto loan rate discounts cannot be combined with other special offers or discounts.
View additional multimedia and more ESG storytelling from Regions Bank on 3blmedia.com.
Contact Info:
Spokesperson: Regions Bank
Website: https://www.3blmedia.com/profiles/regions-bank
Email: info@3blmedia.com
SOURCE: Regions Bank
View the original press release on ACCESS Newswire
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- Yahoo
SailPoint Announces Fiscal First Quarter 2026 Results
Grew ARR 30% year-over-year to $925 million Increased SaaS ARR 39% year-over-year to $574 million Expanded the number of customers with more than $1 million of ARR by 62% year-over-year AUSTIN, Texas, June 11, 2025 (GLOBE NEWSWIRE) -- SailPoint, Inc. (Nasdaq: SAIL), a leader in enterprise identity security, today announced financial results for its fiscal first quarter ended April 30, 2025. 'We delivered another strong quarter, driven by continued expansion across our customer base and strong adoption among Fortune 500 and Forbes Global 2000 companies,' said Mark McClain, CEO and Founder, SailPoint. 'Enterprises are turning to SailPoint to manage both human and digital identities at the scale and speed required to stay ahead. Our ability to deliver both breadth and depth of identity security—on a platform that's AI and data-driven and built for extensibility—combined with disciplined execution, fuel our consistent performance.' 'As identity becomes the hub of modern digital security strategy, SailPoint continues to lead with innovation and deliver real results,' McClain continued. 'Our growth this quarter underscores the market's demand for a next-gen identity platform built for resilience, intelligence, and impact.' Fiscal 2026 First Quarter Financial Highlights Annual Recurring Revenue (ARR): Total ARR was $925 million, an increase of 30% year-over-year. SaaS ARR was $574 million, an increase of 39% year-over-year. Revenue: Total revenue was $230 million, an increase of 23% year-over-year. Subscription revenue was $215 million, an increase of 27% year-over-year. Operating Income (Loss): GAAP operating loss was $(185) million, or (80)% of revenue, compared to $(68) million, or (36)% of revenue in fiscal Q1 2025. Adjusted income from operations was $24 million, or 10% of revenue, compared to $19 million, or 10% of revenue in fiscal Q1 2025. Financial Outlook For the second quarter and full year of fiscal 2026, SailPoint expects (in millions, except per share amounts and percentages): Q2'26 Guidance FY'26 Guidance Prior FY'26 Guidance Total ARR $963 to $967 $1,095 to $1,105 $1,075 to $1,085 Total ARR YoY growth % 26% 25% to 26% 23% to 24% Total revenue $242 to $244 $1,034 to $1,044 $1,025 to $1,035 Total revenue YoY growth % 22% to 23% 20% to 21% 19% to 20% Adjusted income from operations $29 to $30 $161 to $166 $151 to $156 Adjusted operating margin % 11.9% to 12.4% 15.4% to 16.1% 14.6% to 15.2% Adjusted earnings per share (Adjusted EPS) $0.04 to $0.05 $0.16 to $0.20 $0.14 to $0.18 These statements regarding SailPoint's expectations of its financial outlook are forward-looking and actual results may differ materially. Refer to 'Forward-Looking Statements' below for information on the factors that could cause SailPoint's actual results to differ materially from these forward-looking statements. All of SailPoint's forward-looking non-GAAP financial measures exclude estimates for stock-based compensation expense, payroll taxes related to restricted stock units (RSUs), and amortization of acquired intangibles as well as acquisition-related costs and severance of certain key executives, if applicable. SailPoint has not reconciled its expectations as to adjusted income (loss) from operations and adjusted EPS to their most directly comparable GAAP measure due to the high variability and difficulty in making accurate forecasts and projections of certain items that impact these non-GAAP measures, particularly stock-based compensation expense. Stock-based compensation expense is affected by future hiring, turnover, and retention needs, as well as the future fair market value of our common stock, all of which are difficult to predict and subject to change. The actual amount of the excluded stock-based compensation expense will have a significant impact on SailPoint's GAAP income (loss) from operations and GAAP net income (loss) per basic and diluted common share. Accordingly, reconciliations of our forward-looking adjusted income (loss) from operations and adjusted EPS to their most directly comparable GAAP measures are not available without unreasonable effort. Investor Conference Call and Webcast SailPoint will host a conference call today at 8:30 a.m. Eastern Time to discuss the results and outlook. A live webcast of the conference call and a presentation regarding SailPoint's fiscal first quarter 2026 financial results and outlook will be available on SailPoint's website at An audio replay of the conference call will be available on the investor relations website for one year. About SailPoint At SailPoint, we believe enterprise security must start with identity at the foundation. Today's enterprise runs on a diverse workforce of not just human but also digital identities—and securing them all is critical. Through the lens of identity, SailPoint empowers organizations to seamlessly manage and secure access to applications and data at speed and scale. Our unified, intelligent, and extensible platform delivers identity-first security, helping enterprises defend against dynamic threats while driving productivity and transformation. Trusted by many of the world's most complex organizations, SailPoint secures the modern enterprise. Non-GAAP Financial Measures In addition to our financial information presented in accordance with GAAP, we use certain non-GAAP financial measures to clarify and enhance our understanding of past performance, including the following: , which we define as income (loss) from operations excluding equity-based compensation expense, payroll taxes related to awards that were accelerated upon the closing of our initial public offering (the IPO) and payroll taxes related to RSUs, all of which were issued after the closing of the IPO, amortization of acquired intangible assets which includes impairment charges, impairment of intangible assets, acquisition-related expenses, benefit from amortization related to acquired contract acquisition costs, Thoma Bravo monitoring fees (which were annual service fees for consultation and advice related to corporate strategy, budgeting of future corporate investments, acquisition and divestiture strategies, and debt and equity financings pursuant to an advisory services agreement that was terminated upon the closing of the IPO), and restructuring expenses. , which we define as adjusted income from operations as a percentage of revenue. (or non-GAAP net income (loss) available to common stockholders per diluted share), which we define as adjusted net income (loss) divided by the diluted weighted average shares outstanding, except that solely for the fiscal year ending January 31, 2026 (and all periods therein), we calculate adjusted EPS based on the number of diluted shares outstanding as of the end of such period rather than the diluted weighted average shares outstanding for such period. We believe that using such a denominator will provide a more meaningful comparison with future periods due to the IPO closing after the beginning of fiscal year 2026. We calculate adjusted net income (loss) as net income (loss) on a GAAP basis excluding equity-based compensation expense, payroll taxes related to awards that were accelerated upon the closing of the IPO (IPO-accelerated awards) and payroll taxes related to RSUs, all of which were issued after the closing of the IPO, amortization of acquired intangible assets which includes impairment charges, impairment of intangible assets, acquisition-related expenses, benefit from amortization related to acquired contract acquisition costs, Thoma Bravo monitoring fees and restructuring expenses, and adjusted for the income tax effects related to those adjustments. We currently apply a fixed projected tax rate of 24.5% when calculating or estimating adjusted net income for the fiscal year ending January 31, 2026 and all periods therein for consistency across interim reporting periods within such fiscal year. This rate may be adjusted during the year if significant events that have a material impact on the rate occur, such as significant changes in our geographic mix of revenue and expenses, tax law changes, and acquisitions. Our non-GAAP financial measures exclude items that do not reflect our ongoing, core operating or business performance, such as equity-based compensation, payroll taxes related to IPO-accelerated awards and payroll taxes related to RSUs, amortization of acquired intangible assets, and acquisition-related expenses. We believe these adjustments enable management and investors to compare our underlying business performance from period-to-period and provide investors with additional means to evaluate cost and expense trends. We also believe these adjustments enhance comparability of our financial performance against those of other technology companies. Accordingly, our management believes the presentation of our non-GAAP financial measures provides useful information to investors regarding our financial condition and results of operations. In addition, SailPoint's management uses adjusted income (loss) from operations for budgeting and planning purposes, including with respect to its corporate bonus plan. Our non-GAAP financial measures are adjusted for the following factors, among others: Equity-based compensation expense. We believe that the exclusion of equity-based compensation expense is appropriate because it eliminates the impact of equity-based compensation costs that are based upon valuation methodologies and assumptions that vary over time, and the amount of the expense can vary significantly due to factors that are unrelated to our core operating performance and that can be outside of our control. Although we exclude equity-based compensation expense from our non-GAAP measures, equity compensation has been, and will continue to be, an important part of our future compensation strategy and a significant component of our future expenses and may increase in future periods. Payroll taxes related to IPO-accelerated awards and payroll taxes related to RSUs. We believe that the exclusion of payroll taxes related to IPO-accelerated awards is appropriate as the acceleration was a one-time, non-recurring event. We believe that the exclusion of payroll taxes related to RSUs is appropriate as they are dependent on SailPoint's stock price and the vesting of such awards and therefore can vary significantly due to factors that are unrelated to our core operating performance and that can be outside of our control. Because the amount of such payroll taxes is highly variable due to factors outside of our control and is unrelated to our core operating performance, our management does not consider them when evaluating the performance of our business or making operating plans (for example, when considering the impact of equity award grants, we place a greater emphasis on overall stockholder dilution than the accounting charges associated with such grants). Accordingly, we believe this adjustment in arriving at our non-GAAP measures provides investors with a better understanding of the performance of our core business in a manner that is consistent with management's view of the business. As with equity-based compensation expense, although we exclude payroll taxes related to post-IPO RSUs from our non-GAAP measures, such payroll taxes are, and will continue to be, a component of our future expenses and may increase in future periods. We note that, unlike equity-based compensation expense, payroll taxes are a cash expense. Amortization of acquired intangible assets and impairment of intangible assets. We exclude amortization charges for our acquisition-related intangible assets and impairment of intangible assets for purposes of calculating certain non-GAAP measures to eliminate the impact of these non-cash charges and provide for a more meaningful comparison between operating results from period to period as the intangible assets are valued at the time of acquisition and are amortized over the useful life, which can be several years after the acquisition. Acquisition-related costs. We believe that the exclusion of acquisition-related expenses is appropriate as they represent items that management believes are not indicative of our ongoing operating performance. These expenses are primarily composed of legal, accounting, and professional fees incurred that are not capitalizable and that are included within general and administrative expenses. Amortization related to acquired contract acquisition costs. On August 16, 2022, our predecessor was acquired in an all-cash take-private transaction by Thoma Bravo (the 'Take-Private Transaction'). In accordance with GAAP reporting requirements, we wrote off our contract acquisition costs at the time of the Take-Private Transaction. Therefore, GAAP commissions expense related to contract acquisition costs after the Take-Private Transaction do not reflect the commissions expense that would have been reported if the contract acquisition costs had not been written off. Accordingly, we believe that presenting the approximate amount of acquisition-related commission expenses (so that the full amount of commission expense is included) provides a more appropriate representation of commission expense in a given period and, therefore, provides readers of our financial statements with a more consistent basis for comparison across accounting periods. SailPoint's non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in our industry because they may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because they are not prepared in accordance with GAAP and exclude expenses that may have a material impact on our reported financial results. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. SailPoint urges you to review the reconciliations of our non-GAAP financial measures to the comparable GAAP financial measures included below, and not to rely on any single financial measure to evaluate its business. Definitions of Certain Key Business and Other Metrics We define ARR as the annualized value of SaaS, maintenance, term subscription, and other subscription contracts as of the measurement date. To the extent that we are actively negotiating a renewal or new agreement with a customer after the expiration of a contract, we continue to include that contract's annualized value in ARR until the customer notifies us that it is not renewing its contract. We calculate ARR by dividing the active contract value by the number of days of the contract and then multiplying by 365. ARR should be viewed independently of revenue, as ARR is an operating metric and is not intended to be combined with or to replace revenue. ARR is not a forecast of future revenue, which can be impacted by ASC 606 allocations, and ARR does not consider other sources of revenue that are not recurring in nature. ARR does not have a standardized meaning and is not necessarily comparable to similarly titled measures presented by other companies. We define SaaS ARR as the annualized value of SaaS contracts as of the measurement date. To the extent that we are actively negotiating a renewal or new agreement with a customer after the expiration of a contract, we continue to include that contract's annualized value in SaaS ARR until the customer notifies us that it is not renewing its contract. We calculate SaaS ARR by dividing the active SaaS contract value by the number of days of the contract and then multiplying by 365. SaaS ARR should be viewed independently of subscription revenue as SaaS ARR is an operating metric and is not intended to be combined with or to replace subscription revenue. SaaS ARR is not a forecast of future subscription revenue, which can be impacted by ASC 606 allocations and renewal rates, and does not consider other sources of revenue that are not recurring in nature. SaaS ARR does not have a standardized meaning and is not necessarily comparable to similarly titled measures presented by other companies. . The majority of our revenue relates to subscription revenue which consists of (i) fees for access to, and related support for, the SaaS offerings, (ii) fees for term subscriptions, (iii) fees for ongoing maintenance and support of perpetual license solutions, and (iv) other subscription services such as cloud managed services, and certain professional services. Term subscriptions include the term licenses and ongoing maintenance and support. Maintenance and support agreements consist of fees for providing software updates on a when and if available basis and for providing technical support for software products for a specified term. Subscription revenue, including support for term licenses, is recognized ratably over the term of the applicable agreement. Revenue related to term subscription performance obligations, excluding support for term subscriptions, is recognized upfront at the point in time when the customer has taken control of the software license. Explanatory Note Regarding Our Corporate Conversion Prior to February 12, 2025, we were a Delaware limited partnership named SailPoint Parent, LP. On February 12, 2025, in connection with our IPO, SailPoint Parent, LP converted into a Delaware corporation pursuant to a statutory conversion (the Corporate Conversion) and changed its name to SailPoint, Inc. References to 'SailPoint,' 'we,' and 'our' (i) for periods prior to such corporate conversion are to SailPoint Parent, LP and, where appropriate, its consolidated subsidiaries and (ii) for periods after such corporate conversion are to SailPoint, Inc. and, where appropriate, its consolidated subsidiaries. Forward-Looking Statements This press release and statements made during the above referenced conference call may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management, growth rate and our expectations regarding future revenue, operating income or loss, or earnings or loss per share. In some cases, you can identify forward-looking statements because they contain words such as 'may,' 'will,' 'will be,' 'will likely result,' 'should,' 'expects,' 'plans,' 'anticipates,' 'could,' 'would,' 'foresees,' 'intends,' 'target,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'predicts,' 'potential,' 'outlook,' or 'continue' or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management's current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks, and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks. Important factors, some of which are beyond our control, that could cause actual results to differ materially from our historical results or those expressed or implied by these forward-looking statements include the following: our ability to sustain historical growth rates; our ability to attract and retain customers; our ability to deepen our relationships with existing customers; the growth in the market for identity security solutions; our ability to maintain successful relationships with each of our partners; the length and unpredictable nature of our sales cycle; our ability to compete successfully against current and future competitors; the increasing complexity of our operations; our ability to maintain and enhance our brand or reputation as an industry leader and innovator; unfavorable conditions in our industry or the global economy; our estimated market opportunity and forecasts of our market and market growth may prove to be inaccurate; our ability to hire, train, and motivate our personnel; our ability to maintain our corporate culture; our ability to successfully introduce, use, and integrate artificial intelligence (AI) with our solutions; breaches in our security, cyber attacks, or other cyber risks; interruptions, outages, or other disruptions affecting the delivery of our SaaS solution or any of the third-party cloud-based systems that we use in our operations; our ability to adapt and respond to rapidly changing technology, industry standards, regulations, or customer needs, requirements, or preferences; real or perceived errors, failures, or disruptions in our platform or solutions; the ability of our platform and solutions to effectively interoperate with our customers' existing or future IT infrastructures; and our ability to comply with our privacy policy or related legal or regulatory requirements. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of our Annual Report on Form 10-K for the year ended January 31, 2025 and subsequent Quarterly Reports on Form 10-Q and other filings. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release or made during the above referenced conference call. We cannot assure you that the results, events, and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events, or circumstances could differ materially from those described in the forward-looking statements. Any forward-looking statement made in this press release or during the above referenced conference call speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise. Investor Relations ContactScott Schmitz, SVP IRir@ Media Relations ContactSamantha Person, Senior Manager, Corporate SAILPOINT, CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share and per unit amounts)(Unaudited) Three Months Ended April 30, 2025 2024 Revenue Subscription $ 215,323 $ 170,092 Perpetual licenses 5 69 Services and other 15,140 17,495 Total revenue 230,468 187,656 Cost of revenue Subscription 75,491 55,120 Perpetual licenses 3 60 Services and other 27,319 16,986 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 unit holders (211,098 ) (140,543 ) Net loss per share attributable to common stockholders and Class B unit holders, basic and diluted(1) $ (0.42 ) $ (0.77 ) Weighted average shares and Class B units outstanding, basic and diluted(1) 500,029 182,383 ____________(1) Amounts for the period during February 2025 prior to the Corporate Conversion have been retrospectively adjusted to give effect to the Corporate Conversion. 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 2026. SAILPOINT, CONSOLIDATED BALANCE SHEETS(In thousands, except share, per share and unit amounts)(Unaudited) April 30, 2025 January 31, 2025 Assets 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 Liabilities, redeemable convertible units, and stockholders' equity / partners' deficit 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 — 1,024,467 Total liabilities 636,695 1,804,215 Commitments and contingencies 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 — 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 — — 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 — Additional paid in capital 6,945,784 — 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 SAILPOINT, CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) Three Months Ended April 30, 2025 2024 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 — (11 ) Provision for credit losses 3,562 402 Equity-based compensation expense, net of amounts capitalized 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 — 11 Capitalized software development costs (1,706 ) (2,514 ) Business acquisitions, net of cash acquired — (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 — Repayment of Term Loans (1,040,000 ) — Payments of deferred offering costs, net (8,357 ) — Payments related to holdback consideration (675 ) — Repurchase of units — (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 SAILPOINT, SCHEDULES(Amounts in thousands, except percentages)(Unaudited) Three Months Ended April 30, 2025 2024 variance % Revenue Subscription SaaS $ 131,815 $ 97,067 36 % Maintenance and support 37,389 38,269 (2 )% Term subscriptions 40,040 30,685 30 % Other subscription services 6,079 4,071 49 % Total subscription 215,323 170,092 27 % Perpetual licenses 5 69 (93 )% Services and other 15,140 17,495 (13 )% Total revenue $ 230,468 $ 187,656 23 % SAILPOINT, OF GAAP TO NON-GAAP FINANCIAL MEASURES(Amounts in thousands, except percentages and per share amounts)(Unaudited) Three Months Ended April 30, 2025 2024 GAAP gross profit $ 127,655 $ 115,490 GAAP gross profit margin 55.4 % 61.5 % Equity-based compensation expense 21,592 3,338 Payroll taxes for IPO-accelerated awards and RSUs 634 — Amortization of acquired intangible assets 26,060 25,818 Adjusted gross profit $ 175,941 $ 144,646 Adjusted gross profit margin 76.3 % 77.1 % Three Months Ended April 30, 2025 2024 GAAP subscription gross profit $ 139,832 $ 114,972 GAAP subscription gross profit margin 64.9 % 67.6 % Equity-based compensation expense 11,264 1,702 Payroll taxes for IPO-accelerated awards and RSUs 332 — Amortization of acquired intangible assets 26,058 25,758 Adjusted subscription gross profit $ 177,486 $ 142,432 Adjusted subscription gross profit margin 82.4 % 83.7 % Three Months Ended April 30, 2025 2024 GAAP income (loss) from operations $ (184,965 ) $ (68,193 ) GAAP income (loss) from operations margin (80.3 )% (36.3 )% Equity-based compensation expense 160,459 25,857 Payroll taxes for IPO-accelerated awards and RSUs 3,399 — Amortization of acquired intangible assets 49,912 64,407 Amortization of acquired contract acquisition costs (5,764 ) (6,745 ) Acquisition-related expenses and Thoma Bravo monitoring fees 580 3,866 Adjusted income (loss) from operations $ 23,621 $ 19,192 Adjusted operating margin 10.2 % 10.2 % Three Months Ended April 30, 2025 2024 GAAP sales and marketing expense $ 164,530 $ 114,887 Equity-based compensation expense (53,503 ) (9,201 ) Payroll taxes for IPO-accelerated awards and RSUs (1,684 ) — Amortization of acquired intangible assets (23,757 ) (38,494 ) Amortization related to acquired contract acquisition costs 5,764 6,745 Adjusted sales and marketing expense $ 91,350 $ 73,937 Three Months Ended April 30, 2025 2024 GAAP research and development expense $ 67,270 $ 41,917 Equity-based compensation expense (27,839 ) (6,857 ) Payroll taxes for IPO-accelerated awards and RSUs (686 ) — Amortization of acquired intangible assets (95 ) (95 ) Adjusted research and development expense $ 38,650 $ 34,965 Three Months Ended April 30, 2025 2024 GAAP general and administrative expense $ 80,820 $ 26,879 Equity-based compensation expense (57,525 ) (6,461 ) Payroll taxes for IPO-accelerated awards and RSUs (394 ) — Acquisition-related expenses and Thoma Bravo monitoring fees (580 ) (3,866 ) Adjusted general and administrative expense $ 22,321 $ 16,552 Three Months Ended April 30, 2025 GAAP net loss $ (187,312 ) Equity-based compensation expense 160,459 Payroll taxes for IPO-accelerated awards and RSUs 3,399 Amortization of acquired intangible assets 49,912 Amortization of acquired contract acquisition costs (5,764 ) Acquisition-related expenses and Thoma Bravo monitoring fees 580 Tax effect of adjustments (18,052 ) Adjusted net income $ 3,222 GAAP net loss per share, basic and diluted $ (0.42 ) Adjusted EPS, diluted $ 0.01 Weighted average shares used in computing GAAP net loss per share, basic and diluted 500,029 Shares used in computing adjusted EPS, diluted 555,940 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Chimera Declares Second Quarter 2025 Common Stock Dividend
NEW YORK--(BUSINESS WIRE)--The Board of Directors of Chimera Investment Corporation announced the declaration of its second quarter cash dividend of $0.37 per common share. The dividend is payable on July 31, 2025 to common stockholders of record on June 30, 2025. The ex-dividend date is June 30, 2025. About Chimera Investment Corporation Chimera is a publicly traded real estate investment trust, or REIT, that is primarily engaged in the business of investing for itself and for unrelated third parties through its investment management and advisory services in a diversified portfolio of real estate assets, including residential mortgage loans, Non-Agency RMBS, Agency RMBS, business purpose and investor loans, including RTLs, and other real estate-related assets such as Agency CMBS. Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as 'goal,' 'target,' 'assume,' ''believe,'' ''expect,'' ''anticipate,'' ''estimate,'' 'project,' 'budget,' 'forecast,' 'predict,' 'potential,' ''plan,'' ''continue,'' ''intend,'' ''should,'' ''may,'' 'could,' ''would,'' ''will'' and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results, including, among other things, those described in our most recent Annual Report on Form 10-K, and any subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, under the caption 'Risk Factors.' Factors that could cause actual results to differ include, but are not limited to: our ability to obtain funding on favorable terms and access the capital markets; our ability to achieve optimal levels of leverage and effectively manage our liquidity; changes in inflation, the yield curve, interest rates and mortgage prepayment rates; our ability to manage credit risk related to our investments and comply with the Risk Retention Rules; rates of default, delinquencies, forbearance, deferred payments or decreased recovery rates on our investments; the concentration of properties securing our securities and residential loans in a small number of geographic areas; our ability to execute on our business and investment strategy; our ability to determine accurately the fair market value of our assets; changes in our industry, the general economy or geopolitical conditions; our ability to successfully integrate and realize the anticipated benefits of any acquisitions, including the Palisades Acquisition; our ability to operate our investment management and advisory services and manage any regulatory rules and conflicts of interest; the degree to which our hedging strategies may or may not be effective; our ability to effect our strategy to securitize residential mortgage loans; our ability to compete with competitors and source target assets at attractive prices; our ability to find and retain qualified executive officers and key personnel; the ability of servicers and other third parties to perform their services at a high level and comply with applicable law and expanding regulations; our dependence on information technology and its susceptibility to cyber-attacks; our ability to comply with extensive government regulation; the impact of and changes in governmental regulations, tax law and rates, accounting guidance, and similar matters; our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended; our ability to maintain our classification as a real estate investment trust for U.S. federal income tax purposes; the volatility of the market price and trading volume of our shares; and our ability to make distributions to our stockholders in the future. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Chimera does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Additional information concerning these, and other risk factors, is contained in Chimera's most recent filings with the Securities and Exchange Commission (SEC). All subsequent written and oral forward-looking statements concerning Chimera or matters attributable to Chimera or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Readers are advised that any financial information in this press release is based on company data available at the time of this presentation and, in certain circumstances, may not have been audited by Chimera's independent auditors.
