A Business at a Glance
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We are the leading independent identity partner. Our vision is to free everyone to safely use any technology, and we believe identity is the key to making that happen. Our purpose is to bring simple and secure digital access to people and organizations everywhere. Our Okta Platform and Auth0 Platform enable our customers to securely connect the right people to the right technologies and services at the right time. Identity is becoming the most critical layer of an organization’s security. The acceleration of digital transformation, cloud adoption and the evolving security threat landscape continue to drive a shift in how organizations securely manage the identity of their employees, contractors and partners. As organizations shift from network-based security models to a Zero Trust security model focused on adaptive and context-aware controls, identity has become the most reliable way to manage user access and protect digital assets.
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.9B | 2.6B | 2.3B | 1.9B | 1.3B |
| Net Income | 235M | 235M | 28M | -355M | -815M | -848M |
| EPS | $1.31 | $1.31 | $0.06 | $-2.17 | $-5.16 | $-5.73 |
| Free Cash Flow | 875M | 875M | 742M | 504M | 74M | 91M |
| ROIC | 2.1% | 2.1% | 0.4% | -4.8% | -10.6% | -18.3% |
| Gross Margin | 77.4% | 77.4% | 76.3% | 74.3% | 70.6% | 69.5% |
| Debt/Equity | 0.06 | 0.06 | 0.13 | 0.20 | 0.40 | 0.31 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 149M | 149M | -74M | -516M | -812M | -768M |
| Operating Margin | 5.1% | 5.1% | -2.8% | -22.8% | -43.7% | -59.1% |
| ROE | 3.4% | 3.5% | 0.5% | -6.3% | -14.3% | -25.6% |
| Shares Outstanding | 179M | 179M | 467M | 164M | 158M | 148M |
Okta, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Okta, Inc. trades at 58.3x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 12.0x vs a median of 43.6x. The company's 5-year average gross margin is 73.6%. Total shareholder yield (buybacks) is 0.6%. At current prices, the estimated annualized return to fair value is +64.9%.
Okta, Inc. (OKTA) has a current P/E ratio of 58.3, compared to its historical median P/E of 15.0. The stock is currently considered Expensive based on its historical valuation range.
Okta, Inc. (OKTA) has a 5-year average return on invested capital (ROIC) of -6.2%. This is below average and may indicate limited pricing power.
Okta, Inc. (OKTA) has a market capitalization of $11.5B. It is classified as a large-cap stock.
Okta, Inc. (OKTA) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.63%.
Based on historical P/E analysis, Okta, Inc. (OKTA) appears expensive. The current P/E of 58.3 is 288% above its historical median of 15.0.
Okta, Inc. (OKTA) operates in the Services-Prepackaged Software industry, within the Technology sector.
Okta, Inc. (OKTA) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Okta, Inc. (OKTA) has a net profit margin of 8.1%. This is a modest margin.
Okta, Inc. (OKTA) generated $875 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Okta, Inc. (OKTA) has a debt-to-equity ratio of 0.06. This indicates a conservatively financed balance sheet.
Okta, Inc. (OKTA) reported earnings per share (EPS) of $1.31 in its most recent fiscal year.
Okta, Inc. (OKTA) has a return on equity (ROE) of 3.5%. This indicates moderate shareholder returns.
Okta, Inc. (OKTA) has a 5-year average gross margin of 73.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 11 years of financial data for Okta, Inc. (OKTA), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Okta, Inc. (OKTA) has a book value per share of $39.02, based on its most recent annual SEC filing.