Okta Inc Financials
This page shows Okta Inc (OKTA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Revenue growth is finally dropping through to profit because gross margin expansion and stable overhead dollars turned scale into earnings.
From FY2024 to FY2026, gross margin rose from74.3% to77.4% even as selling and R&D dollars stayed roughly flat. With revenue scale doing more of the work, operating income moved from-$516M to$149M , showing the turn to profit came mainly from fixed-cost absorption rather than a one-time cut across the cost base.
Cash conversion is stronger than GAAP profit: FY2026 net income was
The balance sheet is becoming less levered, with debt-to-equity improving from 0.5x in FY2024 to 0.4x in FY2026. But liquidity is less oversized than before, as the current ratio slipped from 1.7x to 1.4x, and goodwill-heavy assets still account for about
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Okta Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Okta Inc has an operating margin of 5.1%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 16/100, suggesting thin profitability after operating expenses. This is up from -2.8% the prior year.
Okta Inc's revenue grew 11.8% year-over-year to $2.9B, a solid pace of expansion. This earns a growth score of 56/100.
Okta Inc carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Okta Inc's current ratio of 1.43 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Okta Inc converts 30.0% of revenue into free cash flow ($875.0M). This strong cash generation earns a score of 95/100.
Okta Inc generates a 3.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 12/100. This is up from 0.4% the prior year.
Okta Inc scores 3.26, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($14.2B) relative to total liabilities ($2.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
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.
For every $1 of reported earnings, Okta Inc generates $3.76 in operating cash flow ($884.0M OCF vs $235.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Okta Inc earns $37.3 in operating income for every $1 of interest expense ($149.0M vs $4.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Okta Inc generated $2.9B in revenue in fiscal year 2026. This represents an increase of 11.8% from the prior year.
Okta Inc's EBITDA was $245.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 920.8% from the prior year.
Okta Inc reported $235.0M in net income in fiscal year 2026. This represents an increase of 739.3% from the prior year.
Okta Inc earned $1.31 per diluted share (EPS) in fiscal year 2026. This represents an increase of 2083.3% from the prior year.
Cash & Balance Sheet
Okta Inc generated $875.0M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 17.9% from the prior year.
Okta Inc held $858.0M in cash against $0 in long-term debt as of fiscal year 2026.
Margins & Returns
Okta Inc's gross margin was 77.4% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Okta Inc's operating margin was 5.1% in fiscal year 2026, reflecting core business profitability. This is up 7.9 percentage points from the prior year.
Okta Inc's net profit margin was 8.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 7.0 percentage points from the prior year.
Okta Inc's ROE was 3.4% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 2.9 percentage points from the prior year.
Capital Allocation
Okta Inc invested $639.0M in research and development in fiscal year 2026. This represents a decrease of 0.5% from the prior year.
Okta Inc spent $73.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.
Okta Inc invested $9.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 12.5% from the prior year.
OKTA Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $761.0M+2.6% | $742.0M+1.9% | $728.0M+5.8% | $688.0M+0.9% | $682.0M+2.6% | $665.0M+2.9% | $646.0M+4.7% | $617.0M |
| Cost of Revenue | $168.0M-1.2% | $170.0M+1.2% | $168.0M+8.4% | $155.0M-1.9% | $158.0M+0.6% | $157.0M+1.3% | $155.0M+4.7% | $148.0M |
| Gross Profit | $593.0M+3.7% | $572.0M+2.1% | $560.0M+5.1% | $533.0M+1.7% | $524.0M+3.1% | $508.0M+3.5% | $491.0M+4.7% | $469.0M |
| R&D Expenses | $165.0M+3.1% | $160.0M0.0% | $160.0M+3.9% | $154.0M-1.9% | $157.0M-0.6% | $158.0M-3.7% | $164.0M+0.6% | $163.0M |
| SG&A Expenses | $114.0M-3.4% | $118.0M+4.4% | $113.0M+9.7% | $103.0M-8.8% | $113.0M+2.7% | $110.0M+1.9% | $108.0M-7.7% | $117.0M |
| Operating Income | $46.0M+100.0% | $23.0M-43.9% | $41.0M+5.1% | $39.0M+387.5% | $8.0M+150.0% | -$16.0M+15.8% | -$19.0M+59.6% | -$47.0M |
| Interest Expense | $1.0M0.0% | $1.0M0.0% | $1.0M0.0% | $1.0M0.0% | $1.0M0.0% | $1.0M0.0% | $1.0M-50.0% | $2.0M |
| Income Tax | $7.0M0.0% | $7.0M | $0-100.0% | $6.0M-25.0% | $8.0M-11.1% | $9.0M+152.9% | -$17.0M-194.4% | $18.0M |
| Net Income | $63.0M+46.5% | $43.0M-35.8% | $67.0M+8.1% | $62.0M+169.6% | $23.0M+43.8% | $16.0M-44.8% | $29.0M+172.5% | -$40.0M |
| EPS (Diluted) | N/A | $0.24-35.1% | $0.37+5.7% | $0.35 | N/A | $0.00-100.0% | $0.15+162.5% | $-0.24 |
OKTA Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.7B+5.2% | $9.2B-3.4% | $9.6B+2.0% | $9.4B-0.8% | $9.4B+4.7% | $9.0B-0.6% | $9.1B+1.3% | $9.0B |
| Current Assets | $3.6B+13.8% | $3.2B-10.2% | $3.6B+6.0% | $3.4B-1.5% | $3.4B+13.8% | $3.0B-1.2% | $3.0B+4.1% | $2.9B |
| Cash & Equivalents | $858.0M+33.0% | $645.0M-26.4% | $876.0M+77.3% | $494.0M+20.8% | $409.0M+31.9% | $310.0M-39.8% | $515.0M+59.9% | $322.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $687.0M+48.4% | $463.0M+11.0% | $417.0M+20.9% | $345.0M-44.4% | $621.0M+34.1% | $463.0M+22.8% | $377.0M+22.8% | $307.0M |
| Goodwill | $5.5B0.0% | $5.5B+0.7% | $5.4B0.0% | $5.4B0.0% | $5.4B0.0% | $5.4B0.0% | $5.4B0.0% | $5.4B |
| Total Liabilities | $2.7B+16.1% | $2.3B-16.5% | $2.8B-0.1% | $2.8B-7.7% | $3.0B+10.5% | $2.7B-6.4% | $2.9B-2.3% | $3.0B |
| Current Liabilities | $2.6B+16.9% | $2.2B-17.5% | $2.6B+15.3% | $2.3B-9.0% | $2.5B+12.9% | $2.2B+34.6% | $1.7B-1.5% | $1.7B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $7.0B+1.5% | $6.9B+2.1% | $6.8B+2.8% | $6.6B+2.5% | $6.4B+2.2% | $6.3B+2.2% | $6.1B+3.0% | $6.0B |
| Retained Earnings | -$2.6B+2.4% | -$2.6B+1.6% | -$2.7B+2.4% | -$2.7B+2.2% | -$2.8B+0.8% | -$2.8B+0.6% | -$2.8B+1.0% | -$2.9B |
OKTA Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $258.0M+18.3% | $218.0M+30.5% | $167.0M-30.7% | $241.0M-15.7% | $286.0M+79.9% | $159.0M+84.9% | $86.0M-60.7% | $219.0M |
| Capital Expenditures | $2.0M-50.0% | $4.0M+100.0% | $2.0M+100.0% | $1.0M0.0% | $1.0M0.0% | $1.0M-80.0% | $5.0M+400.0% | $1.0M |
| Free Cash Flow | $256.0M+19.6% | $214.0M+29.7% | $165.0M-31.3% | $240.0M-15.8% | $285.0M+80.4% | $158.0M+95.1% | $81.0M-62.8% | $218.0M |
| Investing Cash Flow | $48.0M-54.3% | $105.0M-55.9% | $238.0M+298.3% | -$120.0M+32.2% | -$177.0M-78.8% | -$99.0M-163.5% | $156.0M+180.4% | -$194.0M |
| Financing Cash Flow | -$98.0M+82.3% | -$555.0M-2422.7% | -$22.0M+51.1% | -$45.0M-542.9% | -$7.0M+97.4% | -$265.0M-430.0% | -$50.0M-35.1% | -$37.0M |
| 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 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.9%+0.8pp | 77.1%+0.2pp | 76.9%-0.6pp | 77.5%+0.6pp | 76.8%+0.4pp | 76.4%+0.4pp | 76.0%0.0pp | 76.0% |
| Operating Margin | 6.0%+2.9pp | 3.1%-2.5pp | 5.6%-0.0pp | 5.7%+4.5pp | 1.2%+3.6pp | -2.4%+0.5pp | -2.9%+4.7pp | -7.6% |
| Net Margin | 8.3%+2.5pp | 5.8%-3.4pp | 9.2%+0.2pp | 9.0%+5.6pp | 3.4%+1.0pp | 2.4%-2.1pp | 4.5%+11.0pp | -6.5% |
| Return on Equity | 0.9%+0.3pp | 0.6%-0.4pp | 1.0%+0.1pp | 0.9%+0.6pp | 0.4%+0.1pp | 0.3%-0.2pp | 0.5%+1.1pp | -0.7% |
| Return on Assets | 0.7%+0.2pp | 0.5%-0.2pp | 0.7%+0.0pp | 0.7%+0.4pp | 0.2%+0.1pp | 0.2%-0.1pp | 0.3%+0.8pp | -0.4% |
| Current Ratio | 1.43-0.0 | 1.47+0.1 | 1.35-0.1 | 1.47+0.1 | 1.350.0 | 1.34-0.5 | 1.83+0.1 | 1.73 |
| Debt-to-Equity | 0.39+0.0 | 0.34-0.1 | 0.41-0.0 | 0.43-0.0 | 0.47+0.0 | 0.44-0.0 | 0.48-0.0 | 0.50 |
| FCF Margin | 33.6%+4.8pp | 28.8%+6.2pp | 22.7%-12.2pp | 34.9%-6.9pp | 41.8%+18.0pp | 23.8%+11.2pp | 12.5%-22.8pp | 35.3% |
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Frequently Asked Questions
What is Okta Inc's annual revenue?
Okta Inc (OKTA) reported $2.9B in total revenue for fiscal year 2026. This represents a 11.8% 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 11.8% year-over-year, from $2.6B to $2.9B in fiscal year 2026.
Is Okta Inc profitable?
Yes, Okta Inc (OKTA) reported a net income of $235.0M in fiscal year 2026, with a net profit margin of 8.1%.
What is Okta Inc's EBITDA?
Okta Inc (OKTA) had EBITDA of $245.0M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is Okta Inc's gross margin?
Okta Inc (OKTA) had a gross margin of 77.4% in fiscal year 2026, 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 5.1% in fiscal year 2026, 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 8.1% in fiscal year 2026, 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 3.4% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Okta Inc's free cash flow?
Okta Inc (OKTA) generated $875.0M in free cash flow during fiscal year 2026. This represents a 17.9% 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 $884.0M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Okta Inc's total assets?
Okta Inc (OKTA) had $9.7B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Okta Inc's capital expenditures?
Okta Inc (OKTA) invested $9.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Okta Inc spend on research and development?
Okta Inc (OKTA) invested $639.0M in research and development during fiscal year 2026.
What is Okta Inc's current ratio?
Okta Inc (OKTA) had a current ratio of 1.43 as of fiscal year 2026, which is considered adequate.
What is Okta Inc's debt-to-equity ratio?
Okta Inc (OKTA) had a debt-to-equity ratio of 0.39 as of fiscal year 2026, 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 2.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Okta Inc's Altman Z-Score?
Okta Inc (OKTA) has an Altman Z-Score of 3.26, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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 to 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 3.76x, 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 37.3x, meaning it can comfortably 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 50 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.