OKTA

Okta
D

OKTA

Arincen85/100B

If you had invested in Okta ago, it would be worth $6,254 today, against $3,367 in SPY and $4,751 in QQQ.

ArincenArincen ScoreBeta

85/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6.7

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

Okta key facts

Style
Growth stock · 8.0/10Growth 8.0 · Value 2.8
Day range
178.370 – 185.585
52-week range
62.660 – 235.000
Market capitalization
30.18B USD
P/E
106.83
PEG ratio
3.18
EPS
1.69
EPS growth forecast (FY2027)
+12.6%
Volume
7,702
Beta
0.73
ESG score
60.5/100Environment 51 · Social 66 · Governance 65
Sector
Technology
Industry
Software - Infrastructure
CEO
Todd McKinnon
Employees
6K
Website
okta.com
IPO date
7 Apr 2017

Okta earnings

Next earnings · Q3 FY2027
EPS estimate
0.93 USD
Revenue estimate
815.97M USD
Last quarter · Q2 FY2027
EPS1.05Beat +8.8%Revenue805.00MBeat +1.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q2 FY20281.11——+6.00%882.14M——+9.58%
Q1 FY20281.01——+10.66%840.75M——+9.90%
Q4 FY20271.03——+14.29%837.39M——+10.04%
Q3 FY20270.93——+13.90%815.97M——+9.97%
Q2 FY20270.971.05+8.81%+15.38%793.00M805.00M+1.51%+10.58%
Q1 FY20270.850.91+6.68%+5.81%751.84M765.00M+1.75%+11.19%
Q4 FY20260.850.90+6.38%+15.38%749.52M761.00M+1.53%+11.58%
Q3 FY20260.760.82+8.18%+22.39%730.82M742.00M+1.53%+11.58%
Q2 FY20260.850.91+7.44%+26.39%712.26M728.00M+2.21%+12.69%
Q1 FY20260.770.86+11.69%+32.31%680.28M688.00M+1.14%+11.51%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

Okta analyst forecast

12-month price target
201.76 USD
+11.75%

Analysts' 1-year price targets range from 60.00 to 245.00, with an average of 201.76.

Past year
1-year forecast
Strong sellStrong buy
Buy
34 ratings
Buy
27
Hold
7
Sell
0

12-month price target

Highest target245.00
Average target201.76
Lowest target60.00
Current price180.55

Okta valuation

Price to earnings ratio (TTM)
106.83
Forward P/E (FY2027)
45.96
Price to sales (TTM)
9.82
Price to book
4.33
EV / EBITDA (TTM)
67.79

Capital structure

Market capitalization
30.18B USD
+
Total debt
53.00M USD
−
Cash and short-term investments
2.30B USD
=
Enterprise value
27.93B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)36.94————
FY2028 (est.)41.5636.94———
FY2027 (est.)45.9641.56———
Now (TTM)106.8342.449.824.3367.79
FY202663.0421.515.092.1240.63
FY2025554.2427.396.122.49110.87
FY2024-38.0929.865.982.30-59.13
FY2023-14.2749.736.262.13-20.32
FY2022-34.5454,614.2722.534.95-47.72

Okta against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: VeriSign, Corpay, Twilio, Zscaler, MongoDB, and CoreWeave, Inc. Class A Common Stock, the US Software - Infrastructure companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years77.4%
    69.5%77.4%
    Against its peers: 2 of 7Peers' median 71.7%
  • Operating marginHighest in 5 years5.1%
    -59.1%5.1%
    Against its peers: 3 of 7Peers' median 1.3%
  • Net marginHighest in 5 years8.1%
    -65.2%8.1%
    Against its peers: 3 of 7Peers' median -0.6%
  • Return on equityHighest in 5 years3.4%
    -14.9%3.4%
    Against its peers: 2 of 6Peers' median -2.4%
  • Free cash flow marginHighest in 5 years29.6%
    3.4%29.6%
    Against its peers: 2 of 7Peers' median 22.9%
  • Revenue growthLowest in 5 years11.8%
    11.8%55.7%
    Against its peers: 6 of 7Peers' median 18.4%
  • Current ratioBelow its median1.36
    1.352.45
    Against its peers: 4 of 7Peers' median 1.34

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Okta growth and profitability

Revenue (TTM)
3.07B USD
Net income (TTM)
296.00M USD
Gross margin
78.13%
Operating margin
7.55%
Net margin
9.63%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20262.92B+11.84%235.00M+739.29%77.36%5.10%8.05%355.00M+138.26%
FY20252.61B+15.33%28.00M—76.32%-2.84%1.07%149.00M—
FY20242.26B+21.80%-355.00M—74.33%-22.80%-15.69%-245.00M—
FY20231.86B+42.92%-815.00M—70.61%-43.70%-43.86%-676.00M—
FY20221.30B+55.69%-848.00M—69.54%-59.08%-65.23%-651.00M—

Okta revenue breakdown

By product

FY2026
Subscription and Circulation: 97.8%Technology Service: 2.2%97.8%Subscription and Circulation2.2%Technology Service
SegmentRevenueShare of revenueChange on the year
Subscription and Circulation2.86B97.8%+11.7%
Technology Service64.00M2.2%+18.5%

By region

FY2026
United States: 79.5%Non-US: 20.5%79.5%United States20.5%Non-US
RegionRevenueShare of revenueChange on the year
United States2.32B79.5%+12.6%
Non-US598.00M20.5%+9.1%

How Okta makes its money

Subscription and Circulation2.86B 97.8%
Technology Service64.00M 2.2%
Revenue2.92B 100.0%
Cost of revenue661.00M 22.6%
Gross profit2.26B 77.4%
Research and development639.00M 21.9%
Selling and administration1.47B 50.2%
Other operating expenses4.00M 0.1%
Operating income149.00M 5.1%
Tax20.00M 0.7%
Net income235.00M 8.1%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Okta financial health

Cash and short-term investments
2.30B USD
Total debt
53.00M USD
Net cash
2.25B USD
Free cash flow (TTM)
972.00M USD
Current ratio
1.53
Debt to equity
0.01
Piotroski score
8 / 9
Altman Z-score
8.47

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20262.55B422.00M863.00M
FY20252.52B952.00M730.00M
FY20242.20B1.30B488.00M
FY20232.58B2.37B63.00M
FY20222.50B2.03B87.00M

Okta ownership

Institutions
91.87%
Institutional holders
895 (+108)
Free float
99.48%

Who owns the shares

Institutions 91.9% Others 8.1%
As of 30 Jun 2026

Shares free to trade

Free float 166.27M shares ·99.5% Closely held 866.55K shares ·0.5%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026040.0014.68K
Q3 2026031216.17K361.32K
Q2 2026227119.60K263.86K
Q1 2026016790.16K370.75K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026175.88M179.29M+2.40%
FY2025169.57M175.09M+7.00%
FY2024163.63M163.63M+3.55%
FY2023158.02M158.02M+6.75%
FY2022148.04M148.04M+16.37%

Source: Financial Modeling Prep

Related Instruments

Title: Okta

Sector: Technology
Industry: Software - Infrastructure
Okta is a cloud-native security company specializing in identity and access management. The San Francisco-based firm went public in 2017 and serves two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees, contractors, and partners to securely access its cloud-based and on-premises resources. The firm's customer offering, delivered via its Auth0 platform, allow clients to provide secure access experiences to their own end users.

Common questions about Okta stock