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Okta, Inc. OKTA AI

Technology · Software - Infrastructure · United States
https://www.okta.com

Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization's cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform's secure access management to the device login experience; Universal Directory for a cloud-based system of record. The company also provides Identity Threat Protection; Identity Security Posture Management for security measures and safeguards digital assets; Okta for AI Agents to discover, register, authenticate, govern, and manage AI Agents; Identity Governance and Administration products, including Lifecycle Management, Okta Workflows, Okta Identity Governance, and Cross App Access; Advanced Server Access for continuous and contextual access management to secure cloud infrastructure; and Okta Privileged Access to reduce risk with unified access and governance management. In addition, it provides Universal Login, a standards-based login infrastructure; Attack Protection Suite to minimize risks associated with identity-targeted attacks; Adaptive MFA; Passwordless, which enables users to login without a password; Machine-to-Machine Tokens for authentication and authorization with NHIs; Private Cloud, a deployment option; Organizations, which support a large number of partners or customers; Extensibility, which enables customers to build customized identity flows; Fine Grained Authorization, which manages complex authorization scenarios; and Auth0 for AI Agents to secure and scale agentic applications. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

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$123.27
+19.48% 1Y

Market & Price

Market Cap
$21.43B
Current Price
$123.27
High / Low (52W)
$123.27 / $62.93
Beta
0.59

Valuation

Stock P/E
89.33
Industry PE
32.74
Forward P/E
28.86
PEG Ratio
1.33
Book Value
$39.34
Price to Book
3.13
P/S
7.21
EV/EBITDA
72.09
Dividend Yield
-

Profitability & Returns

ROCE
3.62%
ROE
3.67%
ROA
1.14%
Profit Margin
8.24%
Op Margin
7.32%
EPS (Latest Qtr)
$0.42
EPS (TTM)
$1.38

Balance Sheet & Liquidity

Debt/Equity
0.06
Quick Ratio
1.30
Current Ratio
1.43
Debt
$411.00M
Total Assets
$9.71B
Current Assets
$3.64B
Working Capital
$1.09B

Ownership

Promoter Holding
0.62%
Chg in Prom Hold
-
FII / Inst Holding
97.94%
Chg in FII Hold
0.00%

Financial Snapshot

Enterprise Value
$19.25B
Total Revenue (TTM)
$3.00B
EBITDA
$267.00M
Free Cash Flow
$977.75M
Operating Cash Flow
$920.00M
Shares Outstanding
166.12M
Gross Margin
77.44%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
16.25%
Profit 5Y
42.94%
Revenue (YoY)
11.20%
Earnings (YoY)
20.10%

PROS

  • Compounding revenue at 16.3% over 5 years.
  • Profit CAGR of 42.9% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading at a high P/E of 89.3.
  • In a downtrend (50-DMA below 200-DMA).
  • RSI at 83 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 OKTA Okta, Inc. AI 123.27 89.33 $21.43B - 3.62% 3.67% 16.25% 42.94%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
Ad space

Quarterly Results

Figures in USD.

Metric Apr 2016Jul 2016Oct 2016Apr 2017Jul 2017Oct 2017Apr 2018Jul 2018Oct 2018Apr 2019Jul 2019Oct 2019Apr 2020Jul 2020Oct 2020Apr 2021Jul 2021Oct 2021Apr 2022Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026
Revenue -----66.91M83.62M94.59M105.58M125.22M140.48M153.04M182.86M200.45M217.38M251.01M315.50M350.68M415.00M452.00M481.00M518.00M556.00M584.00M617.00M646.00M-682.00M688.00M728.00M742.00M761.00M-
Cost of Revenue ---------------------------158.00M155.00M168.00M170.00M168.00M-
Gross Profit 19.41M23.66M28.18M34.86M40.58M45.79M59.51M66.36M75.88M90.13M101.70M112.21M134.37M149.30M160.47M184.88M214.39M241.01M284.00M314.00M343.00M376.00M407.00M439.00M469.00M491.00M-524.00M533.00M560.00M572.00M593.00M-
Operating Expenses ---------------------------505.00M494.00M519.00M549.00M543.00M-
Operating Income -22.70M-20.56M-21.89M-27.44M-26.18M-34.52M-24.98M-38.43M-28.48M-51.78M-43.62M-45.73M-52.20M-45.39M-51.98M-90.68M-263.44M-198.56M-240.00M-208.00M-207.00M-160.00M-162.00M-111.00M-47.00M-19.00M-19.00M39.00M41.00M23.00M50.00M-
EBITDA ---------------------------56.00M93.00M92.00M75.00M95.00M-
Interest Expense ---------------------------1.00M1.00M1.00M1.00M1.00M-
Pretax Income ---------------------------31.00M68.00M67.00M50.00M70.00M-
Tax Provision ---------------------------8.00M6.00M07.00M7.00M-
Net Income -22.75M-20.60M-21.93M-27.71M-26.03M-33.07M-25.96M-39.21M-29.52M-51.97M-42.98M-63.49M-57.66M-60.10M-72.76M-109.23M-276.68M-221.31M-243.00M-210.00M-209.00M-119.00M-111.00M-81.00M-40.00M29.00M-23.00M62.00M67.00M43.00M63.00M-
Diluted EPS -------------0.47-0.48-0.56-0.83-1.83-1.44-1.56-1.34-1.32-0.74-0.68-0.49-0.240.15--0.350.370.240.350.42
R&D Expense 8.77M9.65M9.71M15.36M16.92M19.19M19.93M24.83M27.60M34.03M40.05M41.83M48.49M53.87M58.15M68.86M122.41M130.53M162.00M156.00M148.00M163.00M172.00M165.00M163.00M164.00M158.00M-154.00M160.00M160.00M--

Profit & Loss (Annual)

Figures in USD.

Metric Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Revenue -160.81M256.55M399.25M586.07M835.00M-1.86B2.26B2.61B2.92B
Cost of Revenue -------546.00M581.00M618.00M661.00M
Gross Profit 49.88M104.86M175.79M285.83M426.69M617.00M-1.31B1.68B1.99B2.26B
Operating Expenses -------2.10B2.14B2.06B2.10B
Operating Income -75.99M-74.67M-111.85M-119.62M-185.83M-204.00M--783.00M-460.00M-63.00M153.00M
EBITDA --------676.00M-230.00M149.00M355.00M
Interest Expense -------11.00M8.00M5.00M4.00M
Pretax Income --------801.00M-337.00M46.00M255.00M
Tax Provision -------14.00M18.00M18.00M20.00M
Net Income -76.30M-75.06M-109.85M-125.50M-208.91M-266.00M--815.00M-355.00M28.00M235.00M
Diluted EPS -----1.78-2.09--5.16-2.170.061.31
R&D Expense 28.76M38.66M70.82M102.39M159.27M223.00M469.00M620.00M656.00M642.00M639.00M

Compounded Sales Growth

5 Years:16.25%
1 Year:11.20%

Compounded Profit Growth

5 Years:42.94%
1 Year:20.10%

Stock Price Performance

1 Year:+19.48%
6 Months:+51.89%
3 Months:+70.03%
1 Month:+61.86%

Balance Sheet (Annual)

Figures in USD.

Metric Jan 2015Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Total Assets --130.63M399.26M984.31M1.96B3.30B-9.31B8.99B9.44B9.71B
Current Assets --------3.23B2.98B3.42B3.64B
Cash & Equivalents -54.41M23.28M127.95M298.39M520.05M435.00M-264.00M334.00M409.00M858.00M
Inventory ------------
Receivables --------481.00M559.00M621.00M687.00M
Total Liabilities --146.29M199.92M731.94M1.55B2.60B-3.84B3.10B3.03B2.71B
Current Liabilities --134.50M187.94M573.10M546.96M1.55B-1.47B1.78B2.52B2.55B
Long Term Debt -------1.82B2.19B1.15B349.00M-
Total Debt --------2.37B1.27B952.00M422.00M
Total Equity -117.20M-158.27M-212.36M199.34M252.38M405.00M693.00M-5.47B5.89B6.41B7.00B
Shares Outstanding --------161.31M167.13M173.46M177.36M

Cash Flows (Annual)

Figures in USD.

Metric Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Operating Cash Flow -41.54M-42.10M-25.24M15.17M55.60M128.00M-86.00M512.00M750.00M884.00M
Investing Cash Flow 1.16M6.96M-99.70M-197.32M-688.04M-1.30B--130.00M441.00M-314.00M271.00M
Financing Cash Flow 76.84M457.00K237.41M357.76M853.38M1.09B-48.00M-883.00M-359.00M-720.00M
Capital Expenditure -4.09M-6.25M-6.55M-19.81M-15.44M-13.00M--23.00M-24.00M-20.00M-21.00M
Free Cash Flow -45.63M-48.35M-31.79M-4.64M40.16M115.00M-63.00M488.00M730.00M863.00M
Net Change in Cash -------4.00M70.00M77.00M435.00M
Share Buybacks --------0073.00M

Ratios (Annual)

Figures in %.

Metric Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025Jan 2026
Gross Margin % -65.2%68.5%71.6%72.8%73.9%-70.6%74.3%76.3%77.4%
Operating Margin % --46.4%-43.6%-30.0%-31.7%-24.4%--42.1%-20.3%-2.4%5.2%
Net Margin % --46.7%-42.8%-31.4%-35.6%-31.9%--43.9%-15.7%1.1%8.1%
ROE % 48.2%35.3%-55.1%-49.7%-51.6%-38.4%--14.9%-6.0%0.4%3.4%
ROCE % -1,934.0%-52.9%-29.1%-13.2%-11.6%--10.0%-6.4%-0.9%2.1%

Shareholding Pattern

Insiders
0.62%
Institutions
97.94%
Public Float
98.56%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 11.32% 19.04M $2.35B
2 FMR, LLC 6.75% 11.34M $1.40B
3 Vanguard Portfolio Management LLC 5.49% 9.23M $1.14B
4 Vanguard Capital Management LLC 4.51% 7.59M $935.34M
5 State Street Corporation 3.63% 6.11M $753.15M
6 First Trust Advisors LP 2.50% 4.19M $517.07M
7 Massachusetts Financial Services Co. 2.22% 3.74M $460.70M
8 Allspring Global Investments Holdings, LLC 2.11% 3.55M $437.99M
9 UBS Group AG 2.02% 3.40M $419.25M
10 Citadel Advisors Llc 2.02% 3.40M $419.33M

Analyst View

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Latest News

Recent headlines for OKTA

CNBC Top News Fri, 29 May 2026

Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides

Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.

CNBC Markets Fri, 29 May 2026

Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides

Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.

CNBC Markets hu, 28 May 2026

Okta jumps 8%, tops first-quarter results on agentic AI demand

CEO Todd McKinnon said Okta is "playing a long game" on AI and is allocating more resources to agentic tools.

CNBC Earnings Fri, 29 May 2026

Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides

Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.

CNBC Earnings hu, 28 May 2026

Okta jumps 8%, tops first-quarter results on agentic AI demand

CEO Todd McKinnon said Okta is "playing a long game" on AI and is allocating more resources to agentic tools.

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