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Okta, Inc.

OKTA

NASDAQTechnologySoftware - Infrastructure

Previous close

$135.14

+$0.98 · +0.73%

Aug 21, 4:00 PM ET

OKTA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

64

Undervalued

Momentum

72

Gaining

Sentiment

60

Mixed

Risk resilience

61

Moderate Risk

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Company profile

Company website

Okta, Inc. delivers comprehensive identity management solutions tailored for a diverse clientele, including large corporations, small and medium-sized businesses, educational institutions, charitable organizations, and governmental bodies, operating both within the United States and globally. The company's flagship offering is the Okta Identity Cloud, a robust platform featuring a suite of integrated products and services. These include a Universal Directory, a cloud-based system designed to securely store and manage user, application, and device profiles; Single Sign-On (SSO), enabling seamless access to cloud-based or on-premises applications from multiple devices; and Adaptive Multi-Factor Authentication, which adds an extra layer of security for various applications and data. Further components encompass Lifecycle Management for overseeing a user's digital identity journey, API Access Management for securing interfaces, an Access Gateway to extend cloud capabilities to on-premises applications, and Advanced Server Access for safeguarding cloud infrastructure. Additionally, Okta incorporates Auth0's product portfolio. This includes Universal Login for consistent user authentication experiences across different apps and devices; Attack Protection, a suite of features to counter malicious online activity; Adaptive Multi-Factor Authentication, providing strong security with minimal user inconvenience; and Passwordless authentication, allowing users to log in through diverse methods without traditional passwords. Other Auth0 offerings are Machine to Machine (M2M) authentication and authorization built on industry standards; Private Cloud, for deploying dedicated Auth0 instances; and Organizations, providing independent configurations, login flows, and security settings for different groups. Okta further provides comprehensive customer assistance, educational programs, and specialized professional services. The company distributes its offerings directly via its sales teams and through a network of channel partners. Originally established as Saasure, Inc. in 2009, Okta, Inc. maintains its corporate headquarters in San Francisco, California.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
US
CEO
Todd McKinnon
Listed since
Apr 7, 2017
Employees
6,366

Market position

Day range

Current $135.14

52-week range

Current $135.14

Open
$135.27
Previous close
$134.16
Volume
2.87M
0.82× average
Average volume
3.49M
Average daily volume
Market cap
22.45B USD
Beta
0.76
Market reference 1
50-day average
$137.79
-1.92% below average
200-day average
$98.2071
+37.61% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
14.42B USD
P/E (TTM)
96.53×
P/B (TTM)
3.45×
P/S (TTM)
7.49×
EV / EBITDA
40.63×
Earnings yield
1.58%
Free cash flow yield
6.09%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
77.44%
Operating margin
5.67%
Net margin
8.24%
Return on equity
3.36%
Return on assets
2.42%
Return on invested capital
1.88%

Financial health

Debt / equity
0.06×
Current ratio
1.36×
Altman Z-score
5.66
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends92%35%-22%-79%Gross margin, FY2022: 69.54%Gross margin, FY2023: 70.61%Gross margin, FY2024: 74.33%Gross margin, FY2025: 76.32%Gross margin, FY2026: 77.36%Operating margin, FY2022: -59.08%Operating margin, FY2023: -43.70%Operating margin, FY2024: -22.80%Operating margin, FY2025: -2.41%Operating margin, FY2026: 5.24%Net margin, FY2022: -65.23%Net margin, FY2023: -43.86%Net margin, FY2024: -15.69%Net margin, FY2025: 1.07%Net margin, FY2026: 8.05%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 69.54%. Gross margin FY2023 70.61%. Gross margin FY2024 74.33%. Gross margin FY2025 76.32%. Gross margin FY2026 77.36%. Operating margin FY2022 -59.08%. Operating margin FY2023 -43.70%. Operating margin FY2024 -22.80%. Operating margin FY2025 -2.41%. Operating margin FY2026 5.24%. Net margin FY2022 -65.23%. Net margin FY2023 -43.86%. Net margin FY2024 -15.69%. Net margin FY2025 1.07%. Net margin FY2026 8.05%.

Income trends

Revenue

2.92B USD+11.84%

Operating income

153M USD+216M USD

Net income

235M USD+739.29%
Income trends across reported periods3.3B USD1.79B USD282.1M USD−1.22B USDRevenue, FY2022: 1.3B USDRevenue, FY2023: 1.86B USDRevenue, FY2024: 2.26B USDRevenue, FY2025: 2.61B USDRevenue, FY2026: 2.92B USDOperating income, FY2022: −768M USDOperating income, FY2023: −812M USDOperating income, FY2024: −516M USDOperating income, FY2025: −63M USDOperating income, FY2026: 153M USDNet income, FY2022: −848M USDNet income, FY2023: −815M USDNet income, FY2024: −355M USDNet income, FY2025: 28M USDNet income, FY2026: 235M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.3B USD. Revenue FY2023 1.86B USD. Revenue FY2024 2.26B USD. Revenue FY2025 2.61B USD. Revenue FY2026 2.92B USD. Operating income FY2022 −768M USD. Operating income FY2023 −812M USD. Operating income FY2024 −516M USD. Operating income FY2025 −63M USD. Operating income FY2026 153M USD. Net income FY2022 −848M USD. Net income FY2023 −815M USD. Net income FY2024 −355M USD. Net income FY2025 28M USD. Net income FY2026 235M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue2.92B USD2.61B USD2.26B USD1.86B USD1.3B USD
Cost of goods sold661M USD618M USD581M USD546M USD396.41M USD
Gross profit2.26B USD1.99B USD1.68B USD1.31B USD904M USD
Research and development639M USD642M USD656M USD620M USD469M USD
Selling, general, and administrative1.47B USD1.41B USD1.49B USD1.48B USD1.2B USD
Operating expenses2.11B USD2.06B USD2.2B USD2.12B USD1.67B USD
Interest income110M USD106M USD81M USD22M USD9M USD
Interest expense4M USD5M USD8M USD11M USD91M USD
Depreciation and amortization96M USD98M USD84M USD114M USD108M USD
Operating income153M USD−63M USD−516M USD−812M USD−768M USD
Net income235M USD28M USD−355M USD−815M USD−848M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+15.46%
11 comparable reports
Latest EPS result
0.91
Estimate 0.85 · Beat by 6.68%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.010.850.70.54Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 0.67, estimate 0.58, surprise +15.52%, Beat. Q1 2025, reported Mar 3, 2025: actual 0.78, estimate 0.736, surprise +5.98%, Beat. Q2 2025, reported May 27, 2025: actual 0.86, estimate 0.77, surprise +11.69%, Beat. Q3 2025, reported Aug 26, 2025: actual 0.91, estimate 0.847, surprise +7.44%, Beat. Q4 2025, reported Dec 2, 2025: actual 0.82, estimate 0.758, surprise +8.18%, Beat. Q1 2026, reported Mar 4, 2026: actual 0.9, estimate 0.846, surprise +6.38%, Beat. Q2 2026, reported May 28, 2026: actual 0.91, estimate 0.853, surprise +6.68%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 0.965, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates824.72M755.82M686.92M618.02MQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 3, 2024: actual 665M USD, estimate 649.74M USD, surprise +2.35%, Beat. Q1 2025, reported Mar 3, 2025: actual 682M USD, estimate 668.91M USD, surprise +1.96%, Beat. Q2 2025, reported May 27, 2025: actual 688M USD, estimate 680.28M USD, surprise +1.14%, Beat. Q3 2025, reported Aug 26, 2025: actual 728M USD, estimate 712.26M USD, surprise +2.21%, Beat. Q4 2025, reported Dec 2, 2025: actual 742M USD, estimate 730.82M USD, surprise +1.53%, Beat. Q1 2026, reported Mar 4, 2026: actual 761M USD, estimate 749.52M USD, surprise +1.53%, Beat. Q2 2026, reported May 28, 2026: actual 765M USD, estimate 751.84M USD, surprise +1.75%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 793M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Recent analyst actions

12 institutions

OKTA peers

ETFs holding OKTA

Funds reporting this stock among their holdings, ordered by reported position size.

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