Okta, Inc. (OKTA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2027, filed Aug 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the OKTA SEC filings page.
Okta, Inc. (OKTA) reported $3.1B in revenue over the twelve months to Jul 31, 2026, up 11.2% from the prior twelve months. This page shows its 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).
Okta is shifting from heavy investment to profitable cash generation as margins expand and balance-sheet leverage declines.
From FY2024 to FY2026, operating cash flow rose from$512M to$884M , showing that the turnaround reached cash generation. Over the same span, operating margin shifted from-22.8% to5.1% , so the improvement was not merely an accounting effect.
Gross-margin expansion from
FY2026 free cash flow was
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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 results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. 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 73/100.
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 65/100, indicating a strong balance sheet with room for future borrowing.
Okta, Inc.'s current ratio of 1.43 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
Okta, Inc. converts 30.0% of revenue into free cash flow ($875.0M). This strong cash generation earns a score of 93/100.
Okta, Inc.'s ROE of 3.4% shows moderate profitability relative to equity, earning a score of 32/100. This is up from 0.4% the prior year.
Okta, Inc. scores 8.30, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($37.0B) relative to total liabilities ($2.7B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Okta, Inc. passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, 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 $37.25 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 $805.0M in revenue in Q2 2027. This represents an increase of 10.6% from the same quarter a year earlier. Against the prior quarter it is up 5.2%.
Okta, Inc. reported $116.0M in net income in Q2 2027. This represents an increase of 73.1% from the same quarter a year earlier. Against the prior quarter it is up 56.8%.
Okta, Inc. earned $0.65 per diluted share (EPS) in Q2 2027. This represents an increase of 75.7% from the same quarter a year earlier. Against the prior quarter it is up 54.8%.
Not reported for Q2 2027.
Cash & Balance Sheet
Okta, Inc. generated $233.0M in free cash flow in Q2 2027, representing cash available after capex. This represents an increase of 41.2% from the same quarter a year earlier. Against the prior quarter it is down 15.6%.
Okta, Inc. held $763.0M in cash as of Q2 2027; long-term debt is not reported for that period.
Not reported for Q2 2027.
Margins & Returns
Okta, Inc.'s gross margin was 79.6% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.8 percentage points.
Okta, Inc.'s operating margin was 13.3% in Q2 2027, reflecting core business profitability. This is up 7.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.0 percentage points.
Okta, Inc.'s net profit margin was 14.4% in Q2 2027, showing the share of revenue converted to profit. This is up 5.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.7 percentage points.
Okta, Inc.'s ROE was 1.7% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
Capital Allocation
Okta, Inc. invested $163.0M in research and development in Q2 2027. This represents an increase of 1.9% from the same quarter a year earlier. It is unchanged from the prior quarter.
Okta, Inc. spent $124.0M on share buybacks in Q2 2027, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 50.0%.
Okta, Inc. invested $1.0M in capex in Q2 2027, funding long-term assets and infrastructure. This represents a decrease of 50.0% from the same quarter a year earlier. It is unchanged from the prior quarter.
OKTA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $805.0M+10.6% | $765.0M+11.2% | $761.0M+11.6% | $742.0M+11.6% | $728.0M+12.7% | $688.0M+11.5% | $682.0M+12.7% | $665.0M+13.9% |
| Cost of Revenue | $164.0M-2.4% | $170.0M+9.7% | $168.0M+6.3% | $170.0M+8.3% | $168.0M+8.4% | $155.0M+4.7% | $158.0M+9.0% | $157.0M+8.3% |
| Gross Profit | $641.0M+14.5% | $595.0M+11.6% | $593.0M+13.2% | $572.0M+12.6% | $560.0M+14.1% | $533.0M+13.6% | $524.0M+13.9% | $508.0M+15.7% |
| R&D Expenses | $163.0M+1.9% | $163.0M+5.8% | $165.0M+5.1% | $160.0M+1.3% | $160.0M-2.4% | $154.0M-5.5% | $157.0M+0.6% | $158.0M-4.2% |
| SG&A Expenses | $98.0M-13.3% | $98.0M-4.9% | $114.0M+0.9% | $118.0M+7.3% | $113.0M+4.6% | $103.0M-12.0% | $113.0M+2.7% | $110.0M-0.9% |
| Operating Income | $107.0M+161.0% | $56.0M+43.6% | $46.0M+475.0% | $23.0M+243.8% | $41.0M+315.8% | $39.0M+183.0% | $8.0M+109.6% | -$16.0M+85.6% |
| Interest Expense | $0-100.0% | $1.0M0.0% | $1.0M0.0% | $1.0M0.0% | $1.0M0.0% | $1.0M-50.0% | $1.0M0.0% | $1.0M-50.0% |
| Income Tax | $10.0M | $4.0M-33.3% | $7.0M-12.5% | $7.0M-22.2% | $0+100.0% | $6.0M-66.7% | $8.0M | $9.0M+28.6% |
| Net Income | $116.0M+73.1% | $74.0M+19.4% | $63.0M+173.9% | $43.0M+168.8% | $67.0M+131.0% | $62.0M+255.0% | $23.0M+152.3% | $16.0M+119.8% |
| EPS (Basic) | $0.67+76.3% | $0.42+16.7% | $0.35+169.2% | $0.24+166.7% | $0.38+111.1% | $0.36+250.0% | $0.13+150.0% | $0.09+118.4% |
| EPS (Diluted) | $0.65+75.7% | $0.42+20.0% | $0.35+150.0% | $0.24 | $0.37+146.7% | $0.35+245.8% | $0.14+153.8% | $0.00+100.0% |
| Diluted Shares (Avg) | 179M-1.2% | 178M-2.2% | N/A | 178M+4.5% | 181M+3.7% | 182M+8.5% | N/A | 171M+3.8% |
Not reported in any period shown, so not listed: EBITDA.
OKTA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.1B-4.3% | $9.3B-0.2% | $9.7B+2.9% | $9.2B+2.4% | $9.6B+5.3% | $9.4B+4.6% | $9.4B+5.0% | $9.0B+3.1% |
| Current Assets | $3.1B-13.4% | $3.3B-1.8% | $3.6B+6.7% | $3.2B+6.6% | $3.6B+17.4% | $3.4B+15.4% | $3.4B+14.6% | $3.0B+10.1% |
| Cash & Equivalents | $763.0M-12.9% | $762.0M+54.3% | $858.0M+109.8% | $645.0M+108.1% | $876.0M+70.1% | $494.0M+53.4% | $409.0M+22.5% | $310.0M-22.5% |
| Short-Term Investments | $1.5B-22.5% | $1.8B-18.1% | $1.7B-19.8% | $1.8B-6.2% | $2.0B+7.5% | $2.2B+11.7% | $2.1B+13.2% | $1.9B+12.0% |
| Accounts Receivable | $469.0M+12.5% | $386.0M+11.9% | $687.0M+10.6% | $463.0M0.0% | $417.0M+10.6% | $345.0M+12.4% | $621.0M+11.1% | $463.0M+10.8% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $5.5B+0.7% | $5.5B+0.7% | $5.5B+0.7% | $5.5B+0.7% | $5.4B0.0% | $5.4B0.0% | $5.4B+0.8% | $5.4B+0.8% |
| Total Liabilities | $2.2B-22.6% | $2.4B-12.5% | $2.7B-10.6% | $2.3B-14.9% | $2.8B-4.7% | $2.8B-6.8% | $3.0B-2.2% | $2.7B-8.8% |
| Current Liabilities | $2.0B-23.5% | $2.3B+0.7% | $2.6B+1.2% | $2.2B-2.2% | $2.6B+59.5% | $2.3B+36.2% | $2.5B+41.6% | $2.2B+44.8% |
| Non-Current Liabilities | $140.0M-6.0% | $136.0M-72.9% | $157.0M-69.2% | $152.0M-70.3% | $149.0M-88.3% | $502.0M-61.9% | $509.0M-61.4% | $511.0M-65.2% |
| Total Equity | $7.0B+3.2% | $6.9B+5.1% | $7.0B+9.3% | $6.9B+10.0% | $6.8B+10.1% | $6.6B+10.3% | $6.4B+8.8% | $6.3B+9.3% |
| Retained Earnings | -$2.4B+11.1% | -$2.5B+9.0% | -$2.6B+8.4% | -$2.6B+6.9% | -$2.7B+5.9% | -$2.7B+4.5% | -$2.8B+1.0% | -$2.8B-1.4% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
OKTA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $234.0M+40.1% | $277.0M+14.9% | $258.0M-9.8% | $218.0M+37.1% | $167.0M+94.2% | $241.0M+10.0% | $286.0M+64.4% | $159.0M+1.9% |
| Stock-Based Compensation | $114.0M-20.8% | $117.0M-8.6% | N/A | $138.0M+2.2% | $144.0M-2.7% | $128.0M-15.2% | N/A | $135.0M-21.5% |
| Capital Expenditures | $1.0M-50.0% | $1.0M0.0% | $2.0M+100.0% | $4.0M+300.0% | $2.0M-60.0% | $1.0M0.0% | $1.0M-66.7% | $1.0M-66.7% |
| Free Cash Flow | $233.0M+41.2% | $276.0M+15.0% | $256.0M-10.2% | $214.0M+35.4% | $165.0M+103.7% | $240.0M+10.1% | $285.0M+66.7% | $158.0M+3.3% |
| Investing Cash Flow | $271.0M+13.9% | -$78.0M+35.0% | $48.0M+127.1% | $105.0M+206.1% | $238.0M+52.6% | -$120.0M+38.1% | -$177.0M-33.1% | -$99.0M-595.0% |
| Financing Cash Flow | -$501.0M-2177.3% | -$293.0M-551.1% | -$98.0M-1300.0% | -$555.0M-109.4% | -$22.0M+56.0% | -$45.0M-21.6% | -$7.0M+93.6% | -$265.0M-99.2% |
| Share Buybacks | $124.0M | $248.0M | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid.
OKTA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2710-Q | Q1'2710-Q | Q4'2610-Q | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.6%+2.7pp | 77.8%+0.3pp | 77.9%+1.1pp | 77.1%+0.7pp | 76.9%+0.9pp | 77.5%+1.5pp | 76.8%+0.8pp | 76.4%+1.2pp |
| Operating Margin | 13.3%+7.7pp | 7.3%+1.7pp | 6.0%+4.9pp | 3.1%+5.5pp | 5.6%+8.6pp | 5.7%+13.3pp | 1.2%+14.9pp | -2.4%+16.6pp |
| Net Margin | 14.4%+5.2pp | 9.7%+0.7pp | 8.3%+4.9pp | 5.8%+3.4pp | 9.2%+4.7pp | 9.0%+15.5pp | 3.4%+10.6pp | 2.4%+16.3pp |
| Return on Equity | 1.7%+0.7pp | 1.1%+0.1pp | 0.9%+0.5pp | 0.6%+0.4pp | 1.0%+0.5pp | 0.9%+1.6pp | 0.4%+1.1pp | 0.3%+1.7pp |
| Return on Assets | 1.3%+0.6pp | 0.8%+0.1pp | 0.7%+0.4pp | 0.5%+0.3pp | 0.7%+0.4pp | 0.7%+1.1pp | 0.2%+0.7pp | 0.2%+1.1pp |
| Current Ratio | 1.53+0.2x | 1.430.0x | 1.43+0.1x | 1.47+0.1x | 1.35-0.5x | 1.47-0.3x | 1.35-0.3x | 1.34-0.4x |
| Debt-to-Equity | 0.31-0.1x | 0.35-0.1x | 0.39-0.1x | 0.34-0.1x | 0.41-0.1x | 0.43-0.1x | 0.47-0.1x | 0.44-0.1x |
| Asset Turnover | 0.090.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.080.0x | 0.070.0x | 0.070.0x | 0.070.0x |
| FCF Margin | 28.9%+6.3pp | 36.1%+1.2pp | 33.6%-8.2pp | 28.8%+5.1pp | 22.7%+10.1pp | 34.9%-0.5pp | 41.8%+13.5pp | 23.8%-2.4pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Okta, Inc. OKTA | FY2026 | $2.9B | $235.0M | 8.1% | $37.0B | 55/100 |
| Rubrik, Inc. RBRK | FY2026 | $1.3B | -$350K | 0.0% | $24.6B | 40/100 |
| Twilio Inc. TWLO | FY2025 | $5.1B | $34.0M | 0.7% | $45.2B | 44/100 |
| F5 FFIV | FY2025 | $3.1B | $692.4M | 22.4% | $25.7B | 68/100 |
| SailPoint, Inc. SAIL | FY2026 | $1.1B | -$270.1M | -25.2% | $11.7B | 48/100 |
Where Okta, Inc. Ranks
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 P/E ratio?
Okta, Inc. (OKTA) trades at 125x earnings, its market capitalization divided by net income of $296.0M net income, trailing 12 months to July 31, 2026. The market capitalization is $37.0B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Okta, Inc.'s price-to-sales ratio?
Okta, Inc. (OKTA) trades at 12.0x sales, its market capitalization divided by revenue of $3.1B revenue, trailing 12 months to July 31, 2026. The market capitalization is $37.0B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Okta, Inc.'s Altman Z-Score?
Okta, Inc. (OKTA) has an Altman Z-Score of 8.30, 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 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 37.25x, 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 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.