Financials

Okta Inc. financials

OKTA Software

Okta Inc. is a leading provider of cloud-based identity and access management solutions founded in 2009 and headquartered in San Francisco, California. Its flagship Okta Identity Cloud, featuring products like Single Sign-On and Adaptive MFA, drives a subscription-based revenue model that serves global enterprises. Under the leadership of CEO Todd McKinnon, the company has established a strong market position with extensive integrations and robust customer retention. Ongoing investments in innovation and strategic expansion aim to fortify its status in the competitive cybersecurity sector.

Snapshot

Okta Inc. reported $2.92B in revenue in fiscal 2026, up 11.8% year over year, with an operating margin of 5.1%.

Revenue (FY2026): $2.92B
YoY growth: +11.8%
Operating margin: 5.1%
Direction: Expanding

Financial statements

In thousands, USD
	FY 2026	FY 2025	FY 2024	FY 2023
Total Revenues	2,919,000	2,610,000	2,263,000	1,858,000
Cost of Sales	661,000	618,000	581,000	546,000
Gross Profit	2,258,000	1,992,000	1,682,000	1,312,000
Selling, General & Administrative Expenses	1,466,000	1,413,000	1,486,000	1,475,000
Research & Development Expenses	639,000	642,000	656,000	620,000
Other Operating Expenses	4,000	11,000	56,000	29,000
Operating Profit	149,000	(74,000)	(516,000)	(812,000)
Interest and Investment Income	110,000	106,000	81,000	22,000
Interest Expense	(4,000)	(5,000)	(8,000)	(11,000)
Non-Operating Income	—	19,000	106,000	—
Total Non-Operating Income	106,000	120,000	179,000	11,000
Income Before Provision for Income Taxes	255,000	46,000	(337,000)	(801,000)
Provision for Income Taxes	20,000	18,000	18,000	14,000
Consolidated Net Income	235,000	28,000	(355,000)	(815,000)
Net Income Attributable to Common Shareholders	235,000	28,000	(355,000)	(815,000)
Basic EPS	1.33	0.16	-2.17	-5.16
Diluted EPS	1.31	0.06	-2.17	-5.16
Basic Weighted Average Shares Outstanding	175,882	169,569	163,634	158,023
Diluted Weighted Average Shares Outstanding	179,290	175,086	163,634	158,023
Shares Outstanding	177,357	173,459	167,126	161,309

In thousands, USD
	FY 2026	FY 2025	FY 2024	FY 2023
Cash and Cash Equivalents	858,000	409,000	334,000	264,000
Short-Term Investments	1,695,000	2,114,000	1,868,000	2,316,000
Total Cash and Cash Equivalents	2,553,000	2,523,000	2,202,000	2,580,000
Accounts Receivable	687,000	621,000	559,000	481,000
Total Trade Receivables	687,000	621,000	559,000	481,000
Other Current Assets	404,000	272,000	219,000	168,000
Total Current Assets	3,644,000	3,416,000	2,980,000	3,229,000
Net Property, Plant & Equipment	103,000	117,000	131,000	181,000
Net Intangible Assets	91,000	138,000	182,000	241,000
Goodwill	5,487,000	5,448,000	5,406,000	5,400,000
Other Long-Term Assets	385,000	318,000	290,000	256,000
Total Assets	9,710,000	9,437,000	8,989,000	9,307,000
Accounts Payable	12,000	13,000	12,000	12,000
Accrued Expenses	317,000	310,000	282,000	211,000
Current Portion of Long-Term Debt	350,000	509,000	—	—
Unearned Revenue	1,875,000	1,691,000	1,488,000	1,242,000
Total Current Liabilities	2,554,000	2,523,000	1,782,000	1,465,000
Long-Term Debt	—	349,000	1,154,000	2,193,000
Leases	72,000	94,000	112,000	142,000
Other Long-Term Liabilities	85,000	66,000	53,000	41,000
Total Long-Term Liabilities	157,000	509,000	1,319,000	2,376,000
Total Liabilities	2,711,000	3,032,000	3,101,000	3,841,000
Additional Paid-in Capital	9,553,000	9,219,000	8,724,000	7,974,000
Accumulated Other Comprehensive Income	13,000	(12,000)	(6,000)	(33,000)
Retained Earnings	(2,567,000)	(2,802,000)	(2,830,000)	(2,475,000)
Total Common Shareholders' Equity	6,999,000	6,405,000	5,888,000	5,466,000
Total Shareholders' Equity	6,999,000	6,405,000	5,888,000	5,466,000
Total Liabilities and Shareholders' Equity	9,710,000	9,437,000	8,989,000	9,307,000

In thousands, USD
	FY 2026	FY 2025	FY 2024	FY 2023
Net Income	235,000	28,000	(355,000)	(815,000)
Depreciation & Amortization	96,000	98,000	99,000	114,000
Share-Based Compensation Expense	544,000	565,000	684,000	677,000
Other Adjustments	182,000	112,000	30,000	117,000
Changes in Trade Receivables	(70,000)	(63,000)	(79,000)	(87,000)
Changes in Accounts Payable	(2,000)	1,000	1,000	(6,000)
Changes in Accrued Expenses	2,000	38,000	89,000	(36,000)
Changes in Unearned Revenue	187,000	207,000	250,000	264,000
Changes in Other Operating Activities	(290,000)	(236,000)	(206,000)	(142,000)
Cash from Operating Activities	884,000	750,000	512,000	86,000
Capital Expenditure	(9,000)	(8,000)	(8,000)	(12,000)
Purchases of Intangible Assets	(12,000)	(12,000)	(16,000)	(11,000)
Purchases of Investments	(1,505,000)	(1,812,000)	(1,709,000)	(1,411,000)
Proceeds from Sale of Investments	1,853,000	1,574,000	2,196,000	1,308,000
Payments for Business Acquisitions	(56,000)	(56,000)	(22,000)	(4,000)
Cash from Investing Activities	271,000	(314,000)	441,000	(130,000)
Repayments of Long-Term Debt	(510,000)	(280,000)	(937,000)	—
Net Issuance / (Repayments) of Long-Term Debt	(510,000)	(280,000)	(937,000)	—
Issuance of Common Shares	53,000	69,000	61,000	48,000
Repurchases of Common Shares	(265,000)	(148,000)	—	—
Net Issuance / (Repurchases) of Common Shares	(212,000)	(79,000)	61,000	48,000
Other Financing Activities	2,000	—	(7,000)	—
Cash from Financing Activities	(720,000)	(359,000)	(883,000)	48,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents	14,000	(4,000)	1,000	(6,000)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	449,000	73,000	71,000	(2,000)

Key metrics

$14.98B

Market Cap

64.49x

P/E

5.13x

P/S

52.46x

EV/EBITDA

3.5%

Return on Equity

1.7%

Return on Invested Capital

1.43x

Current Ratio

30.0%

Free Cash Flow Margin

Quarterly trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2027	$765M	+11.2%	7.3%	$56M
Q4 2026	$761M	+11.6%	6.0%	$46M
Q3 2026	$742M	+11.6%	3.1%	$23M
Q2 2026	$728M	+12.7%	5.6%	$41M
Q1 2026	$688M	—	5.7%	$39M
Q4 2025	$682M	—	1.2%	$8M
Q3 2025	$665M	—	-2.4%	$-16M
Q2 2025	$646M	—	-2.9%	$-19M

Margins

77.4%

Gross margin

5.1%

Operating margin

8.1%

Net margin

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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