Okta Inc - OKTA STOCK NEWS

Okta (NASDAQ: OKTA) has announced the Developer Preview release of Auth for GenAI, a new suite of features within the Auth0 Platform designed to secure AI applications. The solution enables developers to implement secure identity controls for AI agents, including authentication, fine-grained authorization, and secure API access.

The platform introduces key features including User Authentication, Token Vault for secure API connections, Asynchronous Authorization for human-in-the-loop approval, and Fine Grained Authorization for retrieval augmented generation (RAG). The solution integrates with popular AI frameworks like Langchain, Llamaindex, Google GenKit, and Vercel.ai.

Additionally, Okta unveiled Enterprise-Ready Customer Identity capabilities and improvements to the Auth0 platform, including Tenant Access Control, Advanced Customization for Universal Login, and Native to Web SSO, with FAPI 2 Certification expected in Q2 2025.

Okta has announced its 2nd annual Startup Challenge, inviting US-incorporated early-stage startups to showcase innovations in identity, privacy, and security enabled workflows. The challenge offers finalists the opportunity to pitch at Oktane25 in Las Vegas (September 24-26, 2025), with the winner potentially receiving up to $500,000 in investment from Okta, access to identity management experts and VCs, and the chance to ring the Nasdaq opening bell.

The competition will evaluate startups based on business potential, innovation, and utilization of identity-enabled workflows. The submission period ends June 30, 2025, with finalist selection around July 15, 2025, and winner announcement on September 25, 2025. The initiative leverages Okta's Identity Cloud platform, which provides capabilities including secure identity management, flexible authentication, and adaptive access policies.

Okta Ventures, the investment arm of Okta Inc. (NASDAQ:OKTA), has announced its second annual 'The Identity 25' report, recognizing pioneers in digital identity innovation. The initiative highlights 25 distinguished individuals who are advancing identity management, security, and privacy solutions across various sectors.

The honorees include academics, activists, public servants, entrepreneurs, and technology pioneers who are contributing to digital security advancement. Notable figures among the 25 recipients include Stanford Professor Dan Boneh, FIDO Alliance CEO Andrew Shikiar, and OpenID Foundation Chairman Nat Sakimura.

These leaders are actively involved in creating anti-identity theft legislation, advocating for privacy rights, developing new technologies, and establishing standards for a secure digital ecosystem. The recognition comes at a important time when challenges like AI-enabled fraud and expanding attack surfaces are making identity solution implementation increasingly complex.

Okta (Nasdaq: OKTA), the leading independent Identity partner, has announced its management team's participation in two major investor conferences in March 2025. CFO Brett Tighe will present at the Morgan Stanley 2025 Technology, Media & Telecom Conference on March 5, 2025, at 11:30 a.m. Pacific time. On the same day, President & COO Eric Kelleher will speak at the KeyBanc 2025 Technology Conference at 2:30 p.m. Pacific time.

Both presentations will be accessible through live webcasts on Okta's investor relations website at investor.okta.com, with replays available after the events. As The World's Identity Company™, Okta provides customer and workforce solutions that enable businesses and developers to leverage Identity for security, efficiency, and success.

Okta (NASDAQ: OKTA) has reached a significant milestone of $1 billion in aggregate sales through AWS Marketplace over the past four years. The company, which first listed its secure identity solutions on AWS Marketplace in December 2020, achieved this milestone in January 2025.

The company has announced an expanded Strategic Collaboration Agreement with AWS focusing on two key areas: Global Acceleration and AI Innovation. The global initiative includes enhanced disaster recovery, elevated scalability, and additional compliance certifications for government sectors. For AI innovation, Okta is leveraging Amazon Bedrock for its Auth0 platform and serves as an Identity Provider for Amazon Q.

AWS recognized Okta as the 2024 Global Marketplace Partner of the Year and Global Non-Profit Organization Technology Partner of the Year. The companies have developed over 25 product integrations for secure identity and authentication.

Okta (NASDAQ: OKTA) reported strong Q4 and fiscal year 2025 results, with total revenue reaching $682 million in Q4, up 13% year-over-year. The company achieved record operating profitability and cash flow, with Q4 free cash flow of $284 million.

Key Q4 metrics include subscription revenue of $670 million (+13% YoY), RPO growth of 25% to $4.215 billion, and cRPO increase of 15% to $2.248 billion. The company reported GAAP net income of $23 million, compared to a loss in the previous year, with non-GAAP net income of $141 million.

For fiscal year 2025, Okta posted total revenue of $2.610 billion (+15% YoY) and subscription revenue of $2.556 billion (+16% YoY). The company's outlook for fiscal 2026 projects total revenue of $2.850-2.860 billion, representing 9-10% growth, with a non-GAAP operating margin of 25%.

Okta (NASDAQ:OKTA) has appointed Eric Kelleher as President and Chief Operating Officer (COO), reporting to CEO Todd McKinnon. In his new role, Kelleher will oversee Marketing, Customer First, Company Operations, GTM Strategy & Operations, Business Technology, Data & Insights, Communications, and Okta for Good teams.

Kelleher, who has been with Okta since 2016, will form a new Office of the COO focused on reigniting growth and championing the Okta Secure Identity Commitment. He previously served as President of Customer Experience & Communications, with over 25 years of experience leading customer teams and SaaS companies.

Additionally, Eugenio Pace, President of Business Operations, will retire at the end of March 2025 after nearly four years following Okta's acquisition of Auth0. The company currently serves more than 19,450 customers worldwide.

Okta (NASDAQ: OKTA), the leading independent Identity partner, has announced it will release its fourth quarter and fiscal year 2025 financial results on Monday, March 3, 2025, after U.S. market close. The company will host a live video webcast at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results.

The webcast will be accessible through Okta's investor relations website at investor.okta.com, where a replay will also be available afterward. The press release containing the financial results will be posted on the investor relations website before the event begins.

Okta (NASDAQ:OKTA) has announced a multi-year partnership with the McLaren Formula 1 Team, beginning in the 2025 season. As an Official Partner, Okta will collaborate with McLaren Racing to enhance and secure digital access for over 500 million fans, partners, and employees worldwide.

The partnership aims to streamline McLaren Racing's digital infrastructure and boost security capabilities. Following initial deployment, Okta will support McLaren in improving their digital operations efficiency and security measures, enabling the team to maintain focus on their racing performance following their 2024 Formula 1 Constructors' Championship victory.