Okta Inc Stock Price, News & Analysis

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.

Okta (NASDAQ:OKTA) has been named a Leader in the 2024 Gartner Magic Quadrant for Access Management for the eighth consecutive year. The company was evaluated among 10 vendors on 15 criteria and recognized for its execution ability and vision completeness. Okta serves 19,450 customers with its Identity Platform, offering Workforce and Customer Identity and Access Management solutions.

At its 12th annual Oktane event, Okta unveiled new innovations including Auth for GenAI, Secure SaaS Service Accounts, Governance Analyzer, and Out-of-the-box Integrations for Identity Verification. The company was also recognized in the 2024 Gartner Peer Insights 'Voice of the Customer' report, being the only vendor named as a Customers' Choice for Access Management for six consecutive times.

Okta (NASDAQ: OKTA) reported strong Q3 FY2025 financial results with total revenue reaching $665 million, up 14% year-over-year. Subscription revenue grew 14% to $651 million. The company achieved significant profitability improvements, with non-GAAP operating income of $138 million (21% of revenue) and non-GAAP net income of $121 million.

Remaining performance obligations (RPO) increased 19% to $3.659 billion, while current RPO grew 13% to $2.062 billion. The company generated strong cash flows with operating cash flow of $159 million and free cash flow of $154 million. For Q4 FY2025, Okta expects revenue between $667-669 million and non-GAAP operating margin of 23%.

Okta has launched nominations for the 2025 Identity 25, an annual recognition program celebrating innovators in identity security, privacy, and innovation. The initiative acknowledges leaders across academia, public service, private enterprise, and nonprofit sectors who are advancing digital identity management and security solutions. Following last year's successful inaugural edition, nominations are now open globally until December 6, 2024, with winners to be announced in March 2025.

Okta (NASDAQ: OKTA) has announced it will release its third quarter fiscal year 2025 financial results on December 3, 2024, 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 the Okta investor relations website, where both the press release and a replay of the webcast will be available.