Okta Inc

OKTA

Equity

ISIN null / Valor 36082513

NASDAQ (2026-09-08)

USD 167.59-1.76%

Okta Inc
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About company

Okta Inc. is a prominent technology company specializing in identity and access management. Founded with the vision of enabling secure and efficient use of technology for businesses and individuals alike, Okta offers a suite of products and services designed to manage and secure user access across various applications and platforms. The company's offerings facilitate a seamless and secure user experience, supporting a wide range of identity solutions including single sign-on, multi-factor authentication, lifecycle management, and more. Okta's business model revolves around providing cloud-based solutions to enhance security and streamline the management of digital identities, making it easier for organizations to adopt and integrate new technologies. With a focus on innovation and customer success, Okta has experienced significant growth, expanding its services through both organic development and strategic acquisitions. The leadership team, including figures like Larissa Schwartz, the Chief Legal Officer, and co-founder Frederic Kerrest, plays a crucial role in guiding the company's strategic direction, ensuring compliance, and fostering partnerships to drive further expansion and success in the competitive tech landscape.

Summarized from source with an LLMView SourceSector: Technology

Revenue

Total revenue was $805 million, an 11% year-over-year increase; subscription revenue was $793 million, up 12% year-over-year.

RPO / cRPO

Remaining performance obligations (RPO) rose to $4.858 billion (+17% YoY). Current RPO (cRPO), expected to be recognized in the next 12 months, was $2.585 billion (+14% YoY).

Profitability (GAAP & Non‑GAAP)

GAAP operating income was $107 million (13% of revenue) versus $41 million (6%) a year earlier. Non-GAAP operating income was $226 million (28% of revenue). GAAP net income was $116 million (GAAP diluted EPS $0.65); non-GAAP net income was $194 million (non-GAAP diluted EPS $1.05).

Cash Flow & Balance Sheet

Net cash provided by operations was $234 million (29% of revenue) and free cash flow was $227 million (28% of revenue). Cash, cash equivalents and short-term investments totaled $2.299 billion. The company also settled $350 million of 2026 Notes during the quarter.

Customer & Product Momentum

Okta cited accelerating cRPO, ACV gains with large customers, and contributions from new products—notably Okta Identity Governance—and emphasized positioning to secure and govern AI agents and identities.

Near-term Guidance (Q3 FY27)

Q3 revenue guidance: $813M–$817M (~10% YoY growth). cRPO expected $2.590B–$2.600B (+11%–12% YoY). Non-GAAP operating income of $196M–$200M (24%–25% margin). Non-GAAP diluted EPS $0.92–$0.94. Non-GAAP free cash flow $175M–$185M (21%–23% margin).

Full‑Year Guidance (FY27)

Full-year revenue guidance: $3.216B–$3.226B (10%–11% YoY), with ~1 percentage-point headwind to revenue growth from shifting professional services to partners. Non-GAAP operating income $830M–$840M (26% margin). Non-GAAP diluted EPS $3.90–$3.94. Non-GAAP free cash flow $910M–$930M (28%–29% margin), noting ~1 percentage-point impact from lower interest income tied to repurchases and the notes settlement.

Summarized from source with an LLMView Source

Key figures

80.8%1Y

91.8%3Y

-36.4%5Y

Performance

61.4%1Y

51.8%3Y

59.5%5Y

Volatility