Okta, Inc. OKTA AI
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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Apr 2016 | Jul 2016 | Oct 2016 | Apr 2017 | Jul 2017 | Oct 2017 | Apr 2018 | Jul 2018 | Oct 2018 | Apr 2019 | Jul 2019 | Oct 2019 | Apr 2020 | Jul 2020 | Oct 2020 | Apr 2021 | Jul 2021 | Oct 2021 | Apr 2022 | Jul 2022 | Oct 2022 | Apr 2023 | Jul 2023 | Oct 2023 | Apr 2024 | Jul 2024 | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | 66.91M | 83.62M | 94.59M | 105.58M | 125.22M | 140.48M | 153.04M | 182.86M | 200.45M | 217.38M | 251.01M | 315.50M | 350.68M | 415.00M | 452.00M | 481.00M | 518.00M | 556.00M | 584.00M | 617.00M | 646.00M | - | 682.00M | 688.00M | 728.00M | 742.00M | 761.00M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 158.00M | 155.00M | 168.00M | 170.00M | 168.00M | - |
| Gross Profit | 19.41M | 23.66M | 28.18M | 34.86M | 40.58M | 45.79M | 59.51M | 66.36M | 75.88M | 90.13M | 101.70M | 112.21M | 134.37M | 149.30M | 160.47M | 184.88M | 214.39M | 241.01M | 284.00M | 314.00M | 343.00M | 376.00M | 407.00M | 439.00M | 469.00M | 491.00M | - | 524.00M | 533.00M | 560.00M | 572.00M | 593.00M | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 505.00M | 494.00M | 519.00M | 549.00M | 543.00M | - |
| 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 | - | 19.00M | 39.00M | 41.00M | 23.00M | 50.00M | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56.00M | 93.00M | 92.00M | 75.00M | 95.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 31.00M | 68.00M | 67.00M | 50.00M | 70.00M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.00M | 6.00M | 0 | 7.00M | 7.00M | - |
| 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 | -40.00M | 29.00M | - | 23.00M | 62.00M | 67.00M | 43.00M | 63.00M | - |
| 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 | -0.24 | 0.15 | - | - | 0.35 | 0.37 | 0.24 | 0.35 | 0.42 |
| R&D Expense | 8.77M | 9.65M | 9.71M | 15.36M | 16.92M | 19.19M | 19.93M | 24.83M | 27.60M | 34.03M | 40.05M | 41.83M | 48.49M | 53.87M | 58.15M | 68.86M | 122.41M | 130.53M | 162.00M | 156.00M | 148.00M | 163.00M | 172.00M | 165.00M | 163.00M | 164.00M | 158.00M | - | 154.00M | 160.00M | 160.00M | - | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Jan 2016 | Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 160.81M | 256.55M | 399.25M | 586.07M | 835.00M | - | 1.86B | 2.26B | 2.61B | 2.92B |
| Cost of Revenue | - | - | - | - | - | - | - | 546.00M | 581.00M | 618.00M | 661.00M |
| Gross Profit | 49.88M | 104.86M | 175.79M | 285.83M | 426.69M | 617.00M | - | 1.31B | 1.68B | 1.99B | 2.26B |
| Operating Expenses | - | - | - | - | - | - | - | 2.10B | 2.14B | 2.06B | 2.10B |
| Operating Income | -75.99M | -74.67M | -111.85M | -119.62M | -185.83M | -204.00M | - | -783.00M | -460.00M | -63.00M | 153.00M |
| EBITDA | - | - | - | - | - | - | - | -676.00M | -230.00M | 149.00M | 355.00M |
| Interest Expense | - | - | - | - | - | - | - | 11.00M | 8.00M | 5.00M | 4.00M |
| Pretax Income | - | - | - | - | - | - | - | -801.00M | -337.00M | 46.00M | 255.00M |
| Tax Provision | - | - | - | - | - | - | - | 14.00M | 18.00M | 18.00M | 20.00M |
| Net Income | -76.30M | -75.06M | -109.85M | -125.50M | -208.91M | -266.00M | - | -815.00M | -355.00M | 28.00M | 235.00M |
| Diluted EPS | - | - | - | - | -1.78 | -2.09 | - | -5.16 | -2.17 | 0.06 | 1.31 |
| R&D Expense | 28.76M | 38.66M | 70.82M | 102.39M | 159.27M | 223.00M | 469.00M | 620.00M | 656.00M | 642.00M | 639.00M |
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 2015 | Jan 2016 | Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 130.63M | 399.26M | 984.31M | 1.96B | 3.30B | - | 9.31B | 8.99B | 9.44B | 9.71B |
| Current Assets | - | - | - | - | - | - | - | - | 3.23B | 2.98B | 3.42B | 3.64B |
| Cash & Equivalents | - | 54.41M | 23.28M | 127.95M | 298.39M | 520.05M | 435.00M | - | 264.00M | 334.00M | 409.00M | 858.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | 481.00M | 559.00M | 621.00M | 687.00M |
| Total Liabilities | - | - | 146.29M | 199.92M | 731.94M | 1.55B | 2.60B | - | 3.84B | 3.10B | 3.03B | 2.71B |
| Current Liabilities | - | - | 134.50M | 187.94M | 573.10M | 546.96M | 1.55B | - | 1.47B | 1.78B | 2.52B | 2.55B |
| Long Term Debt | - | - | - | - | - | - | - | 1.82B | 2.19B | 1.15B | 349.00M | - |
| Total Debt | - | - | - | - | - | - | - | - | 2.37B | 1.27B | 952.00M | 422.00M |
| Total Equity | -117.20M | -158.27M | -212.36M | 199.34M | 252.38M | 405.00M | 693.00M | - | 5.47B | 5.89B | 6.41B | 7.00B |
| Shares Outstanding | - | - | - | - | - | - | - | - | 161.31M | 167.13M | 173.46M | 177.36M |
Cash Flows (Annual)
Figures in USD.
| Metric | Jan 2016 | Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -41.54M | -42.10M | -25.24M | 15.17M | 55.60M | 128.00M | - | 86.00M | 512.00M | 750.00M | 884.00M |
| Investing Cash Flow | 1.16M | 6.96M | -99.70M | -197.32M | -688.04M | -1.30B | - | -130.00M | 441.00M | -314.00M | 271.00M |
| Financing Cash Flow | 76.84M | 457.00K | 237.41M | 357.76M | 853.38M | 1.09B | - | 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 | -4.64M | 40.16M | 115.00M | - | 63.00M | 488.00M | 730.00M | 863.00M |
| Net Change in Cash | - | - | - | - | - | - | - | 4.00M | 70.00M | 77.00M | 435.00M |
| Share Buybacks | - | - | - | - | - | - | - | - | 0 | 0 | 73.00M |
Ratios (Annual)
Figures in %.
| Metric | Jan 2016 | Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for OKTA
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.
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.
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.
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.
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.