Okta Inc Financials

OKTA

Source SEC Filings (10-K/10-Q) Updated Oct 31, 2025 Currency USD FYE January

Financial Health Signals

Financial Profile 51/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Okta Inc has an operating margin of -2.8%, meaning the company retains $-3 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -22.8% the prior year.

Growth

Okta Inc's revenue surged 15.3% year-over-year to $2.6B, reflecting rapid business expansion. This strong growth earns a score of 72/100.

Leverage

Okta Inc carries a low D/E ratio of 0.43, meaning only $0.43 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Okta Inc's current ratio of 1.47 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

100

Okta Inc converts 28.4% of revenue into free cash flow ($742.0M). This strong cash generation earns a score of 100/100.

Returns

Okta Inc generates a 0.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 2/100.

Piotroski F-Score Neutral

6/9

Okta Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

26.79x

For every $1 of reported earnings, Okta Inc generates $26.79 in operating cash flow ($750.0M OCF vs $28.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

-14.8x

Okta Inc earns $-14.8 in operating income for every $1 of interest expense (-$74.0M vs $5.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

This page shows Okta Inc (OKTA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$2.6B

YoY+15.3%

5Y CAGR+34.8%

Okta Inc generated $2.6B in revenue in fiscal year 2025. This represents an increase of 15.3% from the prior year.

EBITDA

$24.0M

YoY+105.8%

Okta Inc's EBITDA was $24.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 105.8% from the prior year.

Free Cash Flow

$742.0M

YoY+47.2%

5Y CAGR+79.2%

Okta Inc generated $742.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 47.2% from the prior year.

Net Income

$28.0M

YoY+107.9%

Okta Inc reported $28.0M in net income in fiscal year 2025. This represents an increase of 107.9% from the prior year.

EPS (Diluted)

$0.06

YoY+102.8%

Okta Inc earned $0.06 per diluted share (EPS) in fiscal year 2025. This represents an increase of 102.8% from the prior year.

Cash & Debt

$494.0M

YoY+53.4%

5Y CAGR-4.4%

Okta Inc held $494.0M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

76.3%

YoY+2.0pp

5Y CAGR+3.5pp

Okta Inc's gross margin was 76.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.

Operating Margin

-2.8%

YoY+20.0pp

5Y CAGR+28.9pp

Okta Inc's operating margin was -2.8% in fiscal year 2025, reflecting core business profitability. This is up 20.0 percentage points from the prior year.

Net Margin

1.1%

YoY+16.8pp

5Y CAGR+36.7pp

Okta Inc's net profit margin was 1.1% in fiscal year 2025, showing the share of revenue converted to profit. This is up 16.8 percentage points from the prior year.

Return on Equity

0.4%

Okta Inc's ROE was 0.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

R&D Spending

$642.0M

YoY-2.1%

5Y CAGR+32.2%

Okta Inc invested $642.0M in research and development in fiscal year 2025. This represents a decrease of 2.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$8.0M

YoY+0.0%

5Y CAGR-12.3%

Okta Inc invested $8.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 0.0% from the prior year.

OKTA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.6B+15.3%	$2.3B+21.8%	$1.9B+42.9%	$1.3B+55.7%	$835.0M+42.5%	$586.1M
Cost of Revenue	$618.0M+6.4%	$581.0M+6.4%	$546.0M+37.9%	$396.0M+81.7%	$218.0M+36.8%	$159.4M
Gross Profit	$2.0B+18.4%	$1.7B+28.2%	$1.3B+45.1%	$904.0M+46.5%	$617.0M+44.6%	$426.7M
R&D Expenses	$642.0M-2.1%	$656.0M+5.8%	$620.0M+32.2%	$469.0M+110.3%	$223.0M+40.0%	$159.3M
SG&A Expenses	$448.0M-0.4%	$450.0M+10.0%	$409.0M-5.3%	$432.0M+152.6%	$171.0M+51.5%	$112.9M
Operating Income	-$74.0M+85.7%	-$516.0M+36.5%	-$812.0M-5.7%	-$768.0M-276.5%	-$204.0M-9.8%	-$185.8M
Interest Expense	$5.0M-37.5%	$8.0M-27.3%	$11.0M-87.9%	$91.0M+24.7%	$73.0M+170.2%	$27.0M
Income Tax	$18.0M0.0%	$18.0M+28.6%	$14.0M+800.0%	-$2.0M	$0+100.0%	-$1.4M
Net Income	$28.0M+107.9%	-$355.0M+56.4%	-$815.0M+3.9%	-$848.0M-218.8%	-$266.0M-27.3%	-$208.9M
EPS (Diluted)	$0.06+102.8%	$-2.17+57.9%	$-5.16+9.9%	$-5.73-174.2%	$-2.09-17.4%	$-1.78

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Revenue	$742.0M+1.9%	$728.0M+5.8%	$688.0M+3.5%	$665.0M+2.9%	$646.0M+4.7%	$617.0M+2.0%	$605.0M+3.6%	$584.0M
Cost of Revenue	$170.0M+1.2%	$168.0M+8.4%	$155.0M-1.3%	$157.0M+1.3%	$155.0M+4.7%	$148.0M+2.1%	$145.0M0.0%	$145.0M
Gross Profit	$572.0M+2.1%	$560.0M+5.1%	$533.0M+4.9%	$508.0M+3.5%	$491.0M+4.7%	$469.0M+2.0%	$460.0M+4.8%	$439.0M
R&D Expenses	$160.0M0.0%	$160.0M+3.9%	$154.0M-2.5%	$158.0M-3.7%	$164.0M+0.6%	$163.0M+4.5%	$156.0M-5.5%	$165.0M
SG&A Expenses	$118.0M+4.4%	$113.0M+9.7%	$103.0M-6.4%	$110.0M+1.9%	$108.0M-7.7%	$117.0M+6.4%	$110.0M-0.9%	$111.0M
Operating Income	$23.0M-43.9%	$41.0M+5.1%	$39.0M+343.8%	-$16.0M+15.8%	-$19.0M+59.6%	-$47.0M+43.4%	-$83.0M+25.2%	-$111.0M
Interest Expense	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M0.0%	$1.0M-50.0%	$2.0M+100.0%	$1.0M-50.0%	$2.0M
Income Tax	$7.0M	$0-100.0%	$6.0M-33.3%	$9.0M+152.9%	-$17.0M-194.4%	$18.0M	$0-100.0%	$7.0M
Net Income	$43.0M-35.8%	$67.0M+8.1%	$62.0M+287.5%	$16.0M-44.8%	$29.0M+172.5%	-$40.0M+9.1%	-$44.0M+45.7%	-$81.0M
EPS (Diluted)	$0.24-35.1%	$0.37+5.7%	$0.35	$0.00-100.0%	$0.15+162.5%	$-0.24+7.7%	$-0.26+46.9%	$-0.49

OKTA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$9.4B+4.6%	$9.0B+0.6%	$8.9B-1.6%	$9.0B+163.7%	$3.4B+68.4%	$2.0B
Current Assets	$3.4B+15.4%	$2.9B+2.6%	$2.8B-1.9%	$2.9B-3.8%	$3.0B+84.4%	$1.6B
Cash & Equivalents	$494.0M+53.4%	$322.0M+157.6%	$125.0M-35.6%	$194.0M-70.6%	$659.9M+6.6%	$619.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$345.0M+12.4%	$307.0M+5.9%	$290.0M+12.0%	$258.9M+18.5%	$218.5M+96.8%	$111.0M
Goodwill	$5.4B0.0%	$5.4B+0.8%	$5.4B+0.1%	$5.4B+11147.4%	$48.0M0.0%	$48.0M
Total Liabilities	$2.8B-6.8%	$3.0B-10.8%	$3.4B-5.8%	$3.6B+30.0%	$2.7B+69.2%	$1.6B
Current Liabilities	$2.3B+36.2%	$1.7B+23.8%	$1.4B+14.9%	$1.2B+48.1%	$800.5M+40.3%	$570.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6.6B+10.3%	$6.0B+7.6%	$5.5B+1.1%	$5.5B+701.6%	$682.8M+65.3%	$413.1M
Retained Earnings	-$2.7B+4.5%	-$2.9B-10.6%	-$2.6B-36.3%	-$1.9B-76.7%	-$1.1B-41.9%	-$758.8M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Total Assets	$9.2B-3.4%	$9.6B+2.0%	$9.4B+3.9%	$9.0B-0.6%	$9.1B+1.3%	$9.0B-0.4%	$9.0B+2.8%	$8.7B
Current Assets	$3.2B-10.2%	$3.6B+6.0%	$3.4B+12.1%	$3.0B-1.2%	$3.0B+4.1%	$2.9B-2.1%	$3.0B+9.3%	$2.7B
Cash & Equivalents	$645.0M-26.4%	$876.0M+77.3%	$494.0M+59.4%	$310.0M-39.8%	$515.0M+59.9%	$322.0M-3.6%	$334.0M-16.5%	$400.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$463.0M+11.0%	$417.0M+20.9%	$345.0M-25.5%	$463.0M+22.8%	$377.0M+22.8%	$307.0M-45.1%	$559.0M+33.7%	$418.0M
Goodwill	$5.5B+0.7%	$5.4B0.0%	$5.4B0.0%	$5.4B0.0%	$5.4B0.0%	$5.4B+0.8%	$5.4B0.0%	$5.4B
Total Liabilities	$2.3B-16.5%	$2.8B-0.1%	$2.8B+1.9%	$2.7B-6.4%	$2.9B-2.3%	$3.0B-3.2%	$3.1B+3.0%	$3.0B
Current Liabilities	$2.2B-17.5%	$2.6B+15.3%	$2.3B+2.8%	$2.2B+34.6%	$1.7B-1.5%	$1.7B-5.4%	$1.8B+15.5%	$1.5B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$6.9B+2.1%	$6.8B+2.8%	$6.6B+4.8%	$6.3B+2.2%	$6.1B+3.0%	$6.0B+1.1%	$5.9B+2.8%	$5.7B
Retained Earnings	-$2.6B+1.6%	-$2.7B+2.4%	-$2.7B+3.0%	-$2.8B+0.6%	-$2.8B+1.0%	-$2.9B-1.4%	-$2.8B-1.6%	-$2.8B

OKTA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$750.0M+46.5%	$512.0M+495.3%	$86.0M-17.3%	$104.0M-18.8%	$128.0M+130.2%	$55.6M
Capital Expenditures	$8.0M0.0%	$8.0M-33.3%	$12.0M-7.7%	$13.0M0.0%	$13.0M-15.8%	$15.4M
Free Cash Flow	$742.0M+47.2%	$504.0M+581.1%	$74.0M-18.7%	$91.0M-20.9%	$115.0M+186.3%	$40.2M
Investing Cash Flow	-$314.0M-171.2%	$441.0M+439.2%	-$130.0M+64.6%	-$367.0M+71.9%	-$1.3B-89.7%	-$688.0M
Financing Cash Flow	-$359.0M+59.3%	-$883.0M-1939.6%	$48.0M-46.1%	$89.0M-91.8%	$1.1B+28.0%	$853.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Operating Cash Flow	$218.0M+30.5%	$167.0M-30.7%	$241.0M+51.6%	$159.0M+84.9%	$86.0M-60.7%	$219.0M+25.9%	$174.0M+11.5%	$156.0M
Capital Expenditures	$4.0M+100.0%	$2.0M+100.0%	$1.0M0.0%	$1.0M-80.0%	$5.0M+400.0%	$1.0M-66.7%	$3.0M0.0%	$3.0M
Free Cash Flow	$214.0M+29.7%	$165.0M-31.3%	$240.0M+51.9%	$158.0M+95.1%	$81.0M-62.8%	$218.0M+27.5%	$171.0M+11.8%	$153.0M
Investing Cash Flow	$105.0M-55.9%	$238.0M+298.3%	-$120.0M-21.2%	-$99.0M-163.5%	$156.0M+180.4%	-$194.0M-45.9%	-$133.0M-765.0%	$20.0M
Financing Cash Flow	-$555.0M-2422.7%	-$22.0M+51.1%	-$45.0M+83.0%	-$265.0M-430.0%	-$50.0M-35.1%	-$37.0M+66.1%	-$109.0M+18.0%	-$133.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

OKTA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	76.3%+2.0pp	74.3%+3.7pp	70.6%+1.1pp	69.5%-4.3pp	73.9%+1.1pp	72.8%
Operating Margin	-2.8%+20.0pp	-22.8%+20.9pp	-43.7%+15.4pp	-59.1%-34.7pp	-24.4%+7.3pp	-31.7%
Net Margin	1.1%+16.8pp	-15.7%+28.2pp	-43.9%+21.4pp	-65.2%-33.4pp	-31.9%+3.8pp	-35.6%
Return on Equity	0.4%	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.3%+4.3pp	-4.0%+5.2pp	-9.2%+0.2pp	-9.4%-1.6pp	-7.8%+2.5pp	-10.3%
Current Ratio	1.47-0.3	1.73-0.4	2.09-0.4	2.45-1.3	3.76+0.9	2.86
Debt-to-Equity	0.43-0.1	0.50-0.1	0.61-0.0	0.65-3.4	4.02+0.1	3.93
FCF Margin	28.4%+6.2pp	22.3%+18.3pp	4.0%-3.0pp	7.0%-6.8pp	13.8%+6.9pp	6.9%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'24	Q3'23
Gross Margin	77.1%+0.2pp	76.9%-0.6pp	77.5%+1.1pp	76.4%+0.4pp	76.0%0.0pp	76.0%-0.0pp	76.0%+0.9pp	75.2%
Operating Margin	3.1%-2.5pp	5.6%-0.0pp	5.7%+8.1pp	-2.4%+0.5pp	-2.9%+4.7pp	-7.6%+6.1pp	-13.7%+5.3pp	-19.0%
Net Margin	5.8%-3.4pp	9.2%+0.2pp	9.0%+6.6pp	2.4%-2.1pp	4.5%+11.0pp	-6.5%+0.8pp	-7.3%+6.6pp	-13.9%
Return on Equity	0.6%-0.4pp	1.0%+0.1pp	0.9%+0.7pp	0.3%-0.2pp	0.5%	N/A	N/A	N/A
Return on Assets	0.5%-0.2pp	0.7%+0.0pp	0.7%+0.5pp	0.2%-0.1pp	0.3%+0.8pp	-0.4%+0.0pp	-0.5%+0.4pp	-0.9%
Current Ratio	1.47+0.1	1.35-0.1	1.47+0.1	1.34-0.5	1.83+0.1	1.73+0.1	1.67-0.1	1.77
Debt-to-Equity	0.34-0.1	0.41-0.0	0.43-0.0	0.44-0.0	0.48-0.0	0.50-0.0	0.530.0	0.53
FCF Margin	28.8%+6.2pp	22.7%-12.2pp	34.9%+11.1pp	23.8%+11.2pp	12.5%-22.8pp	35.3%+7.1pp	28.3%+2.1pp	26.2%

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Frequently Asked Questions

What is Okta Inc's annual revenue?

Okta Inc (OKTA) reported $2.6B in total revenue for fiscal year 2025. This represents a 15.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Okta Inc's revenue growing?

Okta Inc (OKTA) revenue grew by 15.3% year-over-year, from $2.3B to $2.6B in fiscal year 2025.

Is Okta Inc profitable?

Yes, Okta Inc (OKTA) reported a net income of $28.0M in fiscal year 2025, with a net profit margin of 1.1%.

What is Okta Inc's earnings per share (EPS)?

Okta Inc (OKTA) reported diluted earnings per share of $0.06 for fiscal year 2025. This represents a 102.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Okta Inc's EBITDA?

Okta Inc (OKTA) had EBITDA of $24.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Okta Inc's gross margin?

Okta Inc (OKTA) had a gross margin of 76.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Okta Inc's operating margin?

Okta Inc (OKTA) had an operating margin of -2.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Okta Inc's net profit margin?

Okta Inc (OKTA) had a net profit margin of 1.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Okta Inc's return on equity (ROE)?

Okta Inc (OKTA) has a return on equity of 0.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Okta Inc's free cash flow?

Okta Inc (OKTA) generated $742.0M in free cash flow during fiscal year 2025. This represents a 47.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Okta Inc's operating cash flow?

Okta Inc (OKTA) generated $750.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Okta Inc's total assets?

Okta Inc (OKTA) had $9.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Okta Inc's capital expenditures?

Okta Inc (OKTA) invested $8.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Okta Inc spend on research and development?

Okta Inc (OKTA) invested $642.0M in research and development during fiscal year 2025.

What is Okta Inc's current ratio?

Okta Inc (OKTA) had a current ratio of 1.47 as of fiscal year 2025, which is considered adequate.

What is Okta Inc's debt-to-equity ratio?

Okta Inc (OKTA) had a debt-to-equity ratio of 0.43 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Okta Inc's return on assets (ROA)?

Okta Inc (OKTA) had a return on assets of 0.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Okta Inc's Piotroski F-Score?

Okta Inc (OKTA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Okta Inc's earnings high quality?

Okta Inc (OKTA) has an earnings quality ratio of 26.79x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Okta Inc cover its interest payments?

Okta Inc (OKTA) has an interest coverage ratio of -14.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Okta Inc?

Okta Inc (OKTA) scores 51 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.