Okta, Inc. OKTA
We are the leading independent identity partner. Our vision is to free everyone to safely use any technology, and we believe identity is the key to making that happen. Our purpose is to bring simple and secure digital access to people and organizations everywhere. Our Okta Platform and Auth0 Platform enable our customers to securely connect the right people to the right technologies and services at the right time.
Identity is becoming the most critical layer of an organization's security. The acceleration of digital transformation, cloud adoption and the evolving security threat landscape continue to drive a shift in how organizations securely manage the identity of their employees, contractors and partners. As organizations shift from network-based security models to a Zero Trust security model focused on adaptive and context-aware controls, identity has become the most reliable way to manage user access and protect digital assets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.92B | $2.61B | $2.26B | $1.86B | $1.30B | $835.0M | $586.1M | $399.3M | $256.5M | $160.8M |
| Cost of revenue | $661.0M | $618.0M | $581.0M | $546.0M | $396.0M | $218.0M | $159.4M | $113.4M | $80.8M | $55.9M |
| Gross profit | $2.26B | $1.99B | $1.68B | $1.31B | $904.0M | $617.0M | $426.7M | $285.8M | $175.8M | $104.9M |
| R&D | $639.0M | $642.0M | $656.0M | $620.0M | $469.0M | $223.0M | $159.3M | $102.4M | $70.8M | $38.7M |
| SG&A | $448.0M | $448.0M | $450.0M | $409.0M | $432.0M | $171.0M | $112.9M | $75.1M | $51.8M | $30.1M |
| Total operating expenses | $2.11B | $2.07B | $2.20B | $2.12B | $1.67B | $821.0M | $612.5M | $405.5M | $287.6M | $179.5M |
| Operating income | $149.0M | -$74.0M | -$516.0M | -$812.0M | -$768.0M | -$204.0M | -$185.8M | -$119.6M | -$111.9M | -$74.7M |
| Interest expense | $4.0M | $5.0M | $8.0M | $11.0M | $91.0M | $73.0M | $27.0M | $15.1M | $0 | $0 |
| Pre-tax income | $255.0M | $46.0M | -$337.0M | -$801.0M | -$850.0M | -$266.0M | -$210.3M | -$125.5M | -$110.2M | -$74.6M |
| Income tax | $20.0M | $18.0M | $18.0M | $14.0M | $2.0M | $0 | $1.4M | $17.0K | $321.0K | $425.0K |
| Net income | $235.0M | $28.0M | -$355.0M | -$815.0M | -$848.0M | -$266.0M | -$208.9M | -$125.5M | -$109.8M | -$75.1M |
| EPS, basic | 1.33 | 0.16 | -2.17 | -5.16 | -5.73 | -2.09 | -1.78 | — | — | — |
| EPS, diluted | 1.31 | 0.06 | -2.17 | -5.16 | -5.73 | -2.09 | -1.78 | -1.17 | -1.32 | -3.94 |
| Shares, diluted (wtd. avg.) | $179.3M | $175.1M | $163.6M | $158.0M | $148.0M | $127.2M | $117.2M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $858.0M | $409.0M | $334.0M | $271.0M | $273.0M | $449.0M | $532.0M | $311.2M | $136.2M | $23.3M |
| Short-term investments | — | $2.11B | $1.87B | $2.32B | $2.24B | $2.12B | $883.0M | $265.4M | $101.8M | $14.4M |
| Receivables | $687.0M | $621.0M | $559.0M | $481.0M | $398.0M | $194.8M | $130.1M | $91.9M | $52.2M | $34.5M |
| Total current assets | $3.64B | $3.42B | $2.98B | $3.23B | $3.04B | $2.88B | $1.60B | $708.1M | $317.5M | $92.8M |
| Property, plant and equipment | $38.0M | $43.0M | $48.0M | $59.0M | $65.0M | $62.8M | $53.5M | $52.9M | $12.5M | $11.0M |
| Goodwill | $5.49B | $5.45B | $5.41B | $5.40B | $5.40B | $48.0M | $48.0M | $18.1M | $6.3M | $2.6M |
| Other intangibles | $91.0M | $138.0M | $182.0M | $241.0M | $317.0M | $27.0M | $32.5M | $13.9M | $11.8M | $9.2M |
| Total assets | $9.71B | $9.44B | $8.99B | $9.31B | $9.21B | $3.30B | $1.96B | $984.3M | $399.3M | $130.6M |
| Accounts payable | $12.0M | $13.0M | $12.0M | $12.0M | $20.0M | $8.6M | $3.8M | $2.4M | $9.6M | $9.4M |
| Total current liabilities | $2.55B | $2.52B | $1.78B | $1.47B | $1.24B | $1.55B | $547.0M | $573.1M | $187.9M | $134.5M |
| Total liabilities | $2.71B | $3.03B | $3.10B | $3.84B | $3.28B | $2.60B | $1.55B | $731.9M | $199.9M | $146.3M |
| Retained earnings | -$2.57B | -$2.80B | -$2.83B | -$2.48B | -$1.82B | -$967.5M | -$701.1M | -$492.2M | -$366.7M | -$287.9M |
| Total equity | $7.00B | $6.41B | $5.89B | $5.47B | $5.92B | $693.0M | $405.0M | $252.4M | $199.3M | -$212.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $884.0M | $750.0M | $512.0M | $86.0M | $104.0M | $128.0M | $55.6M | $15.2M | -$25.2M | -$42.1M |
| Depreciation and amortisation | $13.0M | $13.0M | $12.0M | $12.0M | $12.0M | $9.0M | $8.8M | $5.7M | $4.0M | $2.4M |
| Stock-based compensation | $544.0M | $565.0M | $684.0M | $677.0M | $566.0M | $195.0M | $126.6M | $76.3M | $49.9M | $17.1M |
| Capital expenditure | $9.0M | $8.0M | $8.0M | $12.0M | $13.0M | $13.0M | $15.4M | $19.8M | $6.5M | $6.3M |
| Investing cash flow | $271.0M | -$314.0M | $441.0M | -$130.0M | -$367.0M | -$1.30B | -$688.0M | -$197.3M | -$99.7M | $7.0M |
| Financing cash flow | -$720.0M | -$359.0M | -$883.0M | $48.0M | $89.0M | $1.09B | $853.4M | $357.8M | $237.4M | $457.0K |
| Buybacks | $73.0M | $0 | $0 | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001660134-26-000036.
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