Goodwill and Intangible Assets

Goodwill

As of January 31, 2026 and 2025, goodwill was $5.2 billion. No goodwill measurement adjustments were recorded during the years ended January 31, 2026 and 2025. No goodwill impairments were recorded during the years ended January 31, 2026, 2025, and 2024

Intangible Assets

Total cost and amortization of intangible assets comprised of the following:


	January 31, 2026		Weighted Average Useful Life	January 31, 2025		Weighted Average Useful Life
Intangible assets, net	(In thousands)		(In years)	(In thousands)		(In years)
Customer relationships	$	1,075,100	14.7	$	1,075,100	14.7
Developed technology	740,229		6.9	722,071		6.9
Trade names	243,180		18	243,180		18
Other	123,904		2.1	123,400		2.1
Total intangible assets	2,182,413			2,163,751
Less: accumulated amortization	(805,096)			(603,028)
Total intangible assets, net	$	1,377,317		$	1,560,723

Total accumulated amortization of intangible assets is comprised of the following (in thousands):


Accumulated amortization	January 31, 2026		January 31, 2025
Customer relationships	$	(277,138)	$	(195,197)
Developed technology	(358,736)		(252,548)
Trade names	(46,867)		(33,368)
Other	(122,355)		(121,915)
Total accumulated amortization	$	(805,096)	$	(603,028)

There were no impairments for intangible assets during the years ended January 31, 2026, 2025 and 2024.

Amortization expense for the periods presented was as follows (in thousands):


	Year Ended January 31,
	2026		2025		2024
Cost of revenue
Subscription	$	106,476	$	103,329	$	100,820
Services and other	2		154		2,147
Operating expenses
Research and development	443		380		32
Sales and marketing	95,147		126,445		154,030
Total amortization expense	$	202,068	$	230,308	$	257,029

The total estimated future amortization expense of intangible assets as of January 31, 2026 is as follows (in thousands):


Year Ending January 31,
2027	$	202,479
2028	200,838
2029	199,838
2030	148,850
2031	94,732
Thereafter	530,580
Total amortization expense	$	1,377,317

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

SailPoint, Inc. Goodwill & Intangibles Disclosure

About Goodwill & Intangibles Disclosures

Other Available Disclosures