Okta, Inc.

Listed Company

OKTACIK 0001660134NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jan 31

Period

FY 2026

Revenue

$2.92B

Net Income

$235.00M

Total Assets

$9.71B

Equity

$7.00B

Shares Out

—

Op. Cash Flow

$884.00M

Business

Okta, Inc. provides cloud-based identity and access management platforms that secure and connect users, devices and applications. It offers workforce identity and customer identity solutions through the Okta Platform and Auth0 Platform, including single sign-on, adaptive multi-factor authentication, API access management, identity governance, privileged access management, lifecycle management, and developer-focused authentication tools. The company's key business segments are workforce identity (Okta Platform) and customer identity/developer solutions (Auth0 Platform). It sells via direct sales, self-service developer sign-ups and a global channel partner network across international markets.

Summary from filing dated 2025-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Total revenue	2,919	2,610	2,263	1,858	1,300
Total cost of revenue	661	618	581	546	396
Gross profit	2,258	1,992	1,682	1,312	904
Research and development	639	642	656	620	469
Sales and marketing	1,018	965	1,036	1,066	771
General and administrative	448	448	450	409	432
Restructuring and other charges	4	11	56	29	0
Total operating expenses	2,109	2,066	2,198	2,124	1,672
Operating income (loss)	149	−74	−516	−812	−768
Interest expense	−4	−5	−8	−11	—
Interest income and other, net	110	106	81	22	9
Gain on early extinguishment of debt	0	19	106	0	0
Interest and other, net	106	120	179	11	−82
Income (loss) before provision for income taxes	255	46	−337	−801	−850
Provision for income taxes	20	18	18	14	−2
Net income (loss)	235	28	−355	−815	−848
Net income (loss) per share, basic (in dollars per share)	1.33	0.16	−2.17	−5.16	−5.73
Net income (loss) per share, diluted (in dollars per share)	1.31	0.06	−2.17	−5.16	−5.73
Weighted-average shares used to compute net income (loss) per share, basic (in shares)	176	170	164	158	148
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)	179	175	164	158	148

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	858	409	334	264	260
Short-term investments	1,695	2,114	—	—	—
Accounts receivable, net	687	621	559	481	398
Deferred commissions	171	140	113	92	75
Prepaid expenses and other current assets	233	132	106	76	66
Total current assets	3,644	3,416	2,980	3,229	3,041
Property and equipment, net	38	43	48	59	65
Operating lease right-of-use assets	65	74	83	122	148
Deferred commissions, noncurrent	332	267	242	210	191
Intangible assets, net	91	138	182	241	317
Goodwill	5,487	5,448	5,406	5,400	5,401
Other assets	53	51	48	46	43
Total assets	9,710	9,437	8,989	9,307	9,206
Accounts payable	12	13	12	12	20
Accrued expenses and other current liabilities	104	103	115	112	90
Accrued compensation	213	207	167	99	144
Convertible senior notes, net	350	509	0	0	16
Deferred revenue	1,875	1,691	1,488	1,242	973
Total current liabilities	2,554	2,523	1,782	1,465	1,243
Convertible senior notes, net, noncurrent	0	349	1,154	2,193	1,816
Operating lease liabilities, noncurrent	72	94	112	142	171
Deferred revenue, noncurrent	30	27	23	18	23
Other liabilities, noncurrent	55	39	30	23	31
Total liabilities	2,711	3,032	3,101	3,841	3,284
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock	0	0	0	0	0
Additional paid-in capital	9,553	9,219	8,724	7,974	7,750
Accumulated other comprehensive income (loss)	13	−12	−6	−33	−12
Accumulated deficit	−2,567	−2,802	−2,830	−2,475	−1,816
Total stockholders equity	6,999	6,405	5,888	5,466	5,922
Total liabilities and stockholders equity	9,710	9,437	8,989	9,307	9,206

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Stock-based compensation	544	565	684	677	566
Depreciation and amortization	96	98	99	—	—
Amortization of deferred commissions	161	130	104	84	57
Deferred income taxes	13	2	6	7	−6
Lease impairment charges	0	0	28	14	0
Other, net	8	−1	−2	12	9
Accounts receivable	−70	−63	−79	−87	−175
Deferred commissions	−245	−186	−158	−122	−171
Prepaid expenses and other assets	−33	−37	−32	−13	−7
Operating lease right-of-use assets	18	20	23	27	23
Accounts payable	−2	1	0	−6	7
Accrued compensation	1	41	68	−44	50
Accrued expenses and other liabilities	1	−3	21	8	21
Operating lease liabilities	−30	−33	−39	−34	−24
Deferred revenue	187	207	250	264	416
Net cash provided by operating activities	884	750	512	86	104
Capitalized software	−12	−12	−15	−9	−4
Purchases of property and equipment	−9	−8	−8	−12	−13
Purchases of securities available-for-sale and other	−1,505	−1,812	−1,709	−1,411	−1,847
Proceeds from maturities and redemption of securities available-for-sale	1,848	1,571	2,134	1,308	1,482
Proceeds from sales of securities available-for-sale and other	5	3	62	0	230
Payments for business acquisitions, net of cash acquired	−56	−56	−22	−4	−215
Purchases of intangible assets	0	0	−1	−2	0
Net cash provided by (used in) investing activities	271	−314	441	−130	−367
Payments upon maturity and repurchases of convertible senior notes	−510	−280	−937	0	0
Taxes paid related to net share settlement of equity awards	−192	−148	0	0	—
Payments for warrants related to convertible senior notes	0	0	−7	0	0
Proceeds from settlement of capped calls related to convertible senior notes	2	0	0	—	—
Repurchases of common stock	−73	0	0	—	—
Proceeds from stock option exercises	12	27	15	17	53
Proceeds from shares issued in connection with employee stock purchase plan	41	42	46	31	36
Net cash used in financing activities	−720	−359	−883	48	89
Effects of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash	14	−4	1	−6	−2
Net increase in cash, cash equivalents and restricted cash	449	73	71	−2	−176
Unsettled common stock repurchases	6	0	0	—	—
Unsettled maturities of securities available-for-sale	69	0	0	—	—
Operating lease right-of-use assets exchanged for lease liabilities	9	9	11	11	22

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro