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.
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
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
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