Tearsheet

Okta (OKTA)

Market Price (9/15/2025): $90.41 | Market Cap: $15.9 Bil
Sector: Information Technology | Industry: Application Software

Okta (OKTA)

Market Price (9/15/2025): $90.41
Market Cap: $15.9 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12%	Weak multi-year price returns 2Y Excs Rtn is -44%, 3Y Excs Rtn is -18%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 81x, P/EPrice/Earnings or Price/(Net Income) is 94x
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.4%
2	Attractive yield FCF Yield is 5.3%
3	Low stock price volatility Vol 12M is 46%

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -12%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 30%
2	Attractive yield FCF Yield is 5.3%
3	Low stock price volatility Vol 12M is 46%
4	Weak multi-year price returns 2Y Excs Rtn is -44%, 3Y Excs Rtn is -18%
5	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 81x, P/EPrice/Earnings or Price/(Net Income) is 94x
6	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.4%

Market Valuation

	9/15/25	2024	2023	2022
Share Price CYE	$90.41	$78.80	$90.53	$68.33
Market Cap CYE ($ Bil)	15.9	13.4	14.9	10.8
Total Debt ($ Bil)	0.9	1.0	1.3	2.4
Total Cash ($ Bil)	2.9	2.5	2.2	2.6
Enterprise Value ($ Bil)	13.9	14.4	16.2	13.2
Valuation Ratios
P/S TTM	5.7	5.1	6.5	5.8
P/EBIT TTM	81.3	262.0	-45.0	-13.7
P/E TTM	94.4	477.2	-41.7	-13.2
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8	2.5
P/EBIT TTM (Sector)	4.0	-0.0	-0.1	-0.5
P/E TTM (Sector)	-0.4	-0.3	-0.4	-0.5

	9/15/25	2024
Share Price CYE	$90.41	$78.80
Market Cap CYE ($ Bil)	15.9	13.4
Total Debt ($ Bil)	0.9	1.0
Total Cash ($ Bil)	2.9	2.5
Enterprise Value ($ Bil)	13.9	14.4
Valuation Ratios
P/S TTM	5.7	5.1
P/EBIT TTM	81.3	262.0
P/E TTM	94.4	477.2
Sector Ratios
P/S TTM (Sector)	3.2	3.1
P/EBIT TTM (Sector)	4.0	-0.0
P/E TTM (Sector)	-0.4	-0.3

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. Show more Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. Show less

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
OKTA Return	120%	-12%	-70%	32%	-13%	15%	-22%
Peers Return	20%	19%	-27%	75%	96%	43%	417%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MSFT, IBM, ORCL, PLTR, CRM. See OKTA Returns vs. Peers.
[3] 2025 data is for the year up to 9/12/2025 (YTD)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Okta Earnings Notes
2	OKTA Dip Buy Analysis
3	Okta vs. Jabil: With Return Forecast Of 57%, Okta Is A Better Bet	Peer Comparison
4	Okta vs. PulteGroup: With Return Forecast Of 57%, Okta Is A Better Bet	Peer Comparison
5	Okta vs. NiSource: With Return Forecast Of 57%, Okta Is A Better Bet	Peer Comparison
6	Okta vs. Microsoft: With Return Forecast Of 51%, Okta Is A Better Bet	Peer Comparison
7	Okta vs. International Business Machines: With Return Forecast Of 51%, Okta Is A Better Bet	Peer Comparison
8	Okta vs. CyberArk Software: With Return Forecast Of 51%-52%, Both Seem Like Good Bets	Peer Comparison
9	Okta vs. Datadog: With Return Forecast Of 82%, Datadog Is A Better Bet	Peer Comparison
10	Okta vs. Verisk Analytics: With Return Forecast Of 52%, Okta Is A Better Bet	Peer Comparison
11	ARTICLES
12	How Will OKTA Stock React To Its Upcoming Earnings?		August 21st, 2025
13	What’s Behind Okta’s 10% Stock Slide?		June 4th, 2025
14	How Are Digital Security Stocks Doing This Year?		September 18th, 2023
15	Does The Digital Security Theme Have More Upside?		July 10th, 2023
16	Following A Tough 2022, Are Digital Security Stocks Finally A Buy?		January 23rd, 2023

	Title
0	DASHBOARDS
1	How Will OKTA Stock React To Its Upcoming Earnings?
2	What’s Behind Okta’s 10% Stock Slide?
3	How Are Digital Security Stocks Doing This Year?
4	Does The Digital Security Theme Have More Upside?
5	Following A Tough 2022, Are Digital Security Stocks Finally A Buy?
6	ARTICLES
7	Okta Earnings Notes
8	OKTA Dip Buy Analysis
9	Okta vs. Jabil: With Return Forecast Of 57%, Okta Is A Better Bet
10	Okta vs. PulteGroup: With Return Forecast Of 57%, Okta Is A Better Bet
11	Okta vs. NiSource: With Return Forecast Of 57%, Okta Is A Better Bet
12	Okta vs. Microsoft: With Return Forecast Of 51%, Okta Is A Better Bet
13	Okta vs. International Business Machines: With Return Forecast Of 51%, Okta Is A Better Bet
14	Okta vs. CyberArk Software: With Return Forecast Of 51%-52%, Both Seem Like Good Bets
15	Okta vs. Datadog: With Return Forecast Of 82%, Datadog Is A Better Bet
16	Okta vs. Verisk Analytics: With Return Forecast Of 52%, Okta Is A Better Bet

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11249.2%	11249.2%
2	GIBO	GIBO	7400.0%
3	LNZA	LanzaTech Global	4710.5%	-85.8%
4	CHSN	Chanson International	3717.0%	-99.3%
5	QMMM	QMMM	2669.4%	5698.4%
6	VTAK	Catheter Precision	1332.7%	-71.4%
7	CURX	Curanex Pharmaceuticals	1309.0%	1309.0%
8	OCTO	Eightco	811.9%	562.1%
9	WLDS	Wearable Devices	708.6%	8.0%
10	PTNM	Pitanium	423.7%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-93.4%	-100.0%
2	ETS	Elite Express	-92.8%	-92.8%
3	CJET	Chijet Motor	-92.7%	-94.6%
4	ELPW	Elong Power	-91.7%	-75.8%
5	STFS	Star Fashion Culture	-91.4%	-97.8%
6	JEM	707 Cayman	-90.4%	-98.0%
7	FLYE	Fly-E	-90.4%	-82.8%
8	NXTT	Next Technology	-89.3%	-93.8%
9	NUTR	NusaTrip	-87.2%	-87.2%
10	CUPR	Cuprina	-84.3%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	GCTK	GlucoTrack	117.5%	-97.6%
2	OPI	Office Properties Income Trust	78.6%	-42.6%
3	HCWB	HCW Biologics	68.4%	-68.7%
4	AGAE	Allied Gaming & Entertainment	62.4%	86.8%
5	ATCH	AtlasClear	53.4%	-95.9%
6	SONN	Sonnet BioTherapeutics	49.0%	304.1%
7	EVTV	Envirotech Vehicles	48.4%	-66.3%
8	ISPC	iSpecimen	47.7%	-26.6%
9	ENTO	Entero Therapeutics	37.0%	68.8%
10	IBEX	IBEX	36.5%	93.5%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	-57.4%	-93.8%
2	VCIG	VCI Global	-42.8%	-98.7%
3	RENT	Rent the Runway	-36.4%	-40.9%
4	NUAI	New Era Energy & Digital	-30.5%
5	AEI	Alset	-29.6%	156.9%
6	NAKA	Kindly MD	-29.5%
7	XTIA	XTI Aerospace	-24.6%	-85.8%
8	FARM	Farmer Bros	-21.5%	1.7%
9	FEIM	Frequency Electronics	-21.0%	46.5%
10	MSS	Maison Solutions	-20.4%	-27.6%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	OCTO	Eightco	900.0%	562.1%
2	QMMM	QMMM	875.3%	5698.4%
3	WLDS	Wearable Devices	780.4%	8.0%
4	CWD	CaliberCos	268.8%	-45.1%
5	AIRE	ReAlpha Tech	257.5%	-49.8%
6	PTNM	Pitanium	154.0%
7	OPI	Office Properties Income Trust	144.0%	-42.6%
8	HYPD	Hyperion DeFi	144.0%
9	ISPC	iSpecimen	128.4%	-26.6%
10	EDHL	Everbright Digital	127.6%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-85.6%
2	LGCL	Lucas GC	-69.1%	-76.6%
3	YYGH	YY	-68.7%	-76.6%
4	BINI	Bollinger Innovations	-61.6%	-100.0%
5	IPDN	Professional Diversity Network	-54.5%	-41.4%
6	INHD	Inno	-53.4%	-4.4%
7	CDT	CDT Equity	-49.2%	-99.4%
8	NFE	New Fortress Energy	-46.5%	-91.3%
9	TGHL	Growhub	-44.8%
10	SLXN	Silexion Therapeutics	-43.1%	-86.5%

Peer Comparisons for Okta

Financials

	OKTA	MSFT	IBM	ORCL	PLTR	CRM	Median
Name	Okta	Microsoft	Internat.	Oracle	Palantir.	Salesfor.
Mkt Price	90.34	509.90	253.44	292.18	171.43	242.76	248.10
Mkt Cap	15.9	3,788.6	235.9	820.1	405.5	232.1	320.7
Rev LTM	2,763	281,724	64,038	57,399	3,441	39,502	48,450
Op Inc LTM	83	128,528	10,929	18,052	570	8,381	9,655
FCF LTM	838	71,611	11,646	-394	1,709	12,497	6,677
FCF 3Y Avg	565	68,386	11,346	6,628	927	10,506	8,567
CFO LTM	853	136,162	13,282	20,821	1,730	13,169	13,226
CFO 3Y Avg	585	114,097	13,104	18,886	947	11,214	12,159

Growth & Margins

	OKTA	MSFT	IBM	ORCL	PLTR	CRM	Median
Name	Okta	Microsoft	Internat.	Oracle	Palantir.	Salesfor.
Rev Chg LTM	12.7%	14.9%	2.7%	8.4%	38.8%	8.3%	10.5%
Rev Chg 3Y Avg	20.1%	12.5%	2.4%	10.7%	25.7%	10.5%	11.6%
Rev Chg Q	12.7%	18.1%	7.7%	11.3%	48.0%	9.8%	12.0%
QoQ Delta Rev Chg LTM	3.1%	4.3%	1.9%	2.9%	10.5%	2.4%	3.0%
Op Mgn LTM	3.0%	45.6%	17.1%	31.5%	16.6%	21.2%	19.1%
Op Mgn 3Y Avg	-12.3%	44.0%	15.9%	29.8%	8.4%	17.8%	16.8%
QoQ Delta Op Mgn LTM	2.1%	0.4%	0.7%	-0.4%	3.5%	0.7%	0.7%
CFO/Rev LTM	30.9%	48.3%	20.7%	36.3%	50.3%	33.3%	34.8%
CFO/Rev 3Y Avg	23.2%	46.0%	21.0%	35.3%	32.9%	30.6%	31.7%
FCF/Rev LTM	30.3%	25.4%	18.2%	-0.7%	49.7%	31.6%	27.9%
FCF/Rev 3Y Avg	22.4%	27.9%	18.2%	12.9%	32.0%	28.6%	25.2%

Valuation

	OKTA	MSFT	IBM	ORCL	PLTR	CRM	Median
Name	Okta	Microsoft	Internat.	Oracle	Palantir.	Salesfor.
Mkt Cap	15.9	3,788.6	235.9	820.1	405.5	232.1	320.7
P/S	5.7	13.4	3.7	14.3	117.8	5.9	9.7
P/EBIT	81.3	30.1	29.2	46.2	711.9	27.7	38.2
P/E	94.4	37.2	40.4	65.9	531.2	34.8	53.2
P/CFO	18.6	27.8	17.8	39.4	234.4	17.6	23.2
Total Yield	1.1%	3.3%	5.1%	2.1%	0.2%	3.4%	2.7%
Dividend Yield	0.0%	0.6%	2.6%	0.6%	0.0%	0.5%	0.5%
FCF Yield 3Y Avg	3.6%	2.2%	6.8%	1.9%	1.0%	4.4%	2.9%
D/E	0.1	0.0	0.3	0.1	0.0	0.0	0.1
Net D/E	-0.1	-0.0	0.2	0.1	-0.0	-0.0	-0.0

Returns

	OKTA	MSFT	IBM	ORCL	PLTR	CRM	Median
Name	Okta	Microsoft	Internat.	Oracle	Palantir.	Salesfor.
1M Rtn	-1.8%	-2.0%	5.7%	17.7%	-3.2%	0.1%	-0.8%
3M Rtn	-7.3%	7.5%	-8.0%	36.0%	24.8%	-6.1%	0.7%
6M Rtn	-19.7%	31.7%	3.4%	96.9%	98.8%	-12.8%	17.6%
12M Rtn	22.0%	19.3%	21.3%	82.2%	381.7%	-4.1%	21.7%
3Y Rtn	44.5%	113.0%	126.8%	333.2%	2,040.2%	58.2%	119.9%
1M Excs Rtn	-2.5%	-3.7%	3.7%	17.8%	-8.8%	0.6%	-1.0%
3M Excs Rtn	-18.7%	-2.3%	-18.1%	37.6%	17.9%	-18.0%	-10.1%
6M Excs Rtn	-34.5%	15.8%	-14.8%	79.8%	96.1%	-29.6%	0.5%
12M Excs Rtn	7.4%	4.2%	7.1%	69.6%	373.4%	-20.6%	7.3%
3Y Excs Rtn	-17.8%	37.0%	57.4%	243.0%	2,154.3%	-5.7%	47.2%

Comparison Analyses

	Title
0	Okta vs. Jabil: With Return Forecast Of 57%, Okta Is A Better Bet
1	Okta vs. PulteGroup: With Return Forecast Of 57%, Okta Is A Better Bet
2	Okta vs. NiSource: With Return Forecast Of 57%, Okta Is A Better Bet
3	Okta vs. Microsoft: With Return Forecast Of 51%, Okta Is A Better Bet
4	Okta vs. International Business Machines: With Return Forecast Of 51%, Okta Is A Better Bet
5	Okta vs. CyberArk Software: With Return Forecast Of 51%-52%, Both Seem Like Good Bets
6	Okta vs. Datadog: With Return Forecast Of 82%, Datadog Is A Better Bet
7	Okta vs. Verisk Analytics: With Return Forecast Of 52%, Okta Is A Better Bet
8	Okta vs. Warner Music: With Return Forecast Of 57%, Okta Is A Better Bet
9	Okta vs. Trade Desk: With Return Forecast Of 60%-61%, Both Seem Like Good Bets

Financials

Annual
Quarterly

$ Mil \| FY: 1/31	LTM	2025	2024	2023	2022	2021	2020
Period End		1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020
Filing Date		3/5/2025	3/1/2024	3/3/2023	3/7/2022	3/4/2021	3/6/2020
Key Financials
Total Revenue	2,763	2,610	2,263	1,858	1,300	835	586
Ebitda	281	139	-245	-676	-651	-156	-166
Operating Income	83	-63	-460	-783	-768	-204	-186
Net Income	168	28	-355	-815	-848	-266	-209
EPS	0.96	0.16	-2.17	-5.16	-5.73	-2.09	-1.78
Growth Rates
Total Revenue Growth	12.7%	15.3%	21.8%	42.9%	55.7%	42.5%	46.8%
EBITDA Growth	1006.5%	156.7%	63.8%	-3.8%	-317.3%	5.7%	-61.6%
Operating Income Growth	136.4%	86.3%	41.3%	-2.0%	-276.5%	-9.8%	-55.3%
Net Income Growth	223.5%	107.9%	56.4%	3.9%	-218.8%	-27.3%	-66.5%
Margins
EBITDA Margin	10.2%	5.3%	-10.8%	-36.4%	-50.1%	-18.7%	-28.2%
Operating Income Margin	3.0%	-2.4%	-20.3%	-42.1%	-59.1%	-24.4%	-31.7%
Net Income Margin	6.1%	1.1%	-15.7%	-43.9%	-65.2%	-31.9%	-35.6%
Cash & Debt
Total Cash	2,858	2,523	2,202	2,580	2,502	2,556	1,403
Total Debt	940	952	1,266	2,367	2,030	1,969	1,104
Net Debt / (Cash)	-1,918	-1,571	-936	-213	-472	-587	-299
Cash Flows
Net Cash from Operations	853	750	512	86	104	128	56
Free Cash from Operations	838	730	488	63	87	111	28
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 1/31	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3
Period End	7/31/2025	4/30/2025	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022
Filing Date	8/27/2025	5/28/2025	3/5/2025	12/4/2024	8/29/2024	5/30/2024	3/1/2024	12/1/2023	8/31/2023	6/1/2023	3/3/2023	12/1/2022
Key Financials Quarterly
Total Revenue	728	688	682	665	646	617	605	584	556	518	510	481
Ebitda	92	93	56	40	38	5	-23	-51	-84	-87	-122	-174
Operating Income	41	39	19	-16	-19	-47	-55	-107	-145	-153	-142	-193
Net Income	67	62	23	16	29	-40	-44	-81	-111	-119	-153	-209
EPS	0.38	0.36	0.13	0.09	0.18	-0.24	-0.26	-0.49	-0.68	-0.74	-0.95	-1.32
Key Financials TTM
Total Revenue TTM	2,763	2,681	2,610	2,533	2,452	2,362	2,263	2,168	2,065	1,961	1,858	1,731
Ebitda TTM	281	227	139	60	-31	-153	-245	-344	-467	-555	-676	-736
Operating Income TTM	83	23	-63	-137	-228	-354	-460	-547	-633	-696	-783	-856
Net Income TTM	168	130	28	-39	-136	-276	-355	-464	-592	-691	-815	-903
Growth Rates Quarterly
Total Revenue Growth	12.7%	11.5%	12.7%	13.9%	16.2%	19.1%	18.6%	21.4%	23.0%	24.8%	33.2%	37.2%
EBITDA Growth	142.1%	1760.0%	343.5%	178.4%	145.2%	105.7%	81.1%	70.7%	51.2%	58.2%	33.1%	-5.0%
Operating Income Growth	315.8%	183.0%	134.5%	85.0%	86.9%	69.3%	61.3%	44.6%	30.3%	36.2%	34.1%	2.8%
Net Income Growth	131.0%	255.0%	152.3%	119.8%	126.1%	66.4%	71.2%	61.2%	47.1%	51.0%	36.5%	5.6%
Margins Quarterly
EBITDA Margin	12.6%	13.5%	8.2%	6.0%	5.9%	0.8%	-3.8%	-8.7%	-15.1%	-16.8%	-23.9%	-36.2%
Operating Income Margin	5.6%	5.7%	2.8%	-2.4%	-2.9%	-7.6%	-9.1%	-18.3%	-26.1%	-29.5%	-27.8%	-40.1%
Net Income Margin	9.2%	9.0%	3.4%	2.4%	4.5%	-6.5%	-7.3%	-13.9%	-20.0%	-23.0%	-30.0%	-43.5%
Cash & Debt
Total Cash	2,858	2,725	2,523	2,248	2,358	2,320	2,202	2,130	2,106	2,370	2,580	2,473
Total Debt	940	947	952	960	1,220	1,263	1,266	1,421	1,573	1,965	2,367	2,346
Net Debt / (Cash)	-1,918	-1,778	-1,571	-1,288	-1,138	-1,057	-936	-709	-533	-405	-213	-127
Cash Flows Quarterly
FCF from Operations	167	241	286	159	86	219	174	156	53	129	76	10
Cash Flows TTM
FCF from Operations TTM	853	772	750	638	635	602	512	414	268	196	86	23
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	2.2%	1.9%	0.7%	-0.5%	-1.0%	-2.4%	-2.8%	-5.5%	-7.4%	-7.9%	-7.3%	-10.2%
Return on Invested Capital (ROIC) TTM
ROIC TTM	1.0%	0.3%	-0.5%	-1.8%	-2.9%	-4.6%	-5.9%	-7.0%	-8.1%	-9.0%	-10.1%	-11.3%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Single segment	2,263	1,858
Professional services and other			51	39	33
Subscription			1,249	797	553
Total	2,263	1,858	1,300	835	586

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$90.34
Market Cap ($ Bil)	15.9
First Trading Date	04/07/2017
Distance from 52W High	-29.0%
	50 Days	200 Days
DMA Price	$93.56	$97.29
DMA Trend	up	down
Distance from DMA	-3.4%	-7.1%
	3M	1YR
Volatility	30.9%	46.8%
Downside Capture	217.44	134.52
Upside Capture	65.59	132.32
Correlation (SPY)	39.5%	47.7%

OKTA Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.45	1.45	1.23	1.09	1.14	1.31
Up Beta	2.01	1.62	1.56	1.15	1.14	1.13
Down Beta	0.73	1.24	1.49	0.89	0.91	1.25
Up Capture	90%	83%	42%	121%	160%	260%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	9	19	27	59	121	376
Down Capture	226%	219%	182%	121%	119%	107%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	12	22	35	66	127	373

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	6,839,450
Short Interest: % Change Since 8152025	2.2%
Average Daily Volume	6,022,573
Days-to-Cover Short Interest	1.14
Basic Shares Quantity	175,460,000
Short % of Basic Shares	3.9%

Returns Analyses

	Title
0	Okta Stock Return Comparison
1	Okta (OKTA) Stock Return: AI Predicts OKTA Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/26/2025	1.6%	-1.9%
5/27/2025	-16.2%	-17.5%	-21.8%
3/3/2025	24.3%	20.7%	20.1%
12/3/2024	5.4%	1.3%	-1.2%
8/28/2024	-17.6%	-22.6%	-23.4%
5/29/2024	-7.8%	-8.1%	-2.9%
2/28/2024	22.9%	24.7%	19.8%
11/29/2023	-2.5%	0.1%	25.8%
...
SUMMARY STATS
# Positive	12	12	11
# Negative	12	12	13
Median Positive	9.0%	8.5%	13.2%
Median Negative	-7.9%	-11.3%	-9.0%
Max Positive	26.5%	24.7%	28.2%
Max Negative	-33.7%	-31.4%	-37.8%

	Forward Returns
8/26/2025	1.6%	-1.9%
5/27/2025	-16.2%	-17.5%	-21.8%
3/3/2025	24.3%	20.7%	20.1%
12/3/2024	5.4%	1.3%	-1.2%
8/28/2024	-17.6%	-22.6%	-23.4%
5/29/2024	-7.8%	-8.1%	-2.9%
2/28/2024	22.9%	24.7%	19.8%
11/29/2023	-2.5%	0.1%	25.8%
8/30/2023	13.5%	19.2%	10.8%
5/31/2023	-17.8%	-20.8%	-23.7%
3/1/2023	13.3%	20.3%	18.1%
11/30/2022	26.5%	15.6%	28.2%
8/31/2022	-33.7%	-31.4%	-37.8%
6/2/2022	5.0%	1.3%	9.5%
3/2/2022	-8.1%	-6.8%	-17.4%
12/1/2021	11.7%	21.2%	13.2%
9/1/2021	2.6%	0.6%	-10.1%
5/26/2021	-9.8%	-14.5%	-0.2%
3/3/2021	-6.2%	-6.6%	-4.8%
12/2/2020	5.3%	0.9%	8.9%
8/27/2020	-4.8%	-4.4%	-2.3%
5/28/2020	6.3%	1.3%	10.6%
3/5/2020	-2.4%	-17.8%	-7.8%
12/5/2019	-0.7%	-5.0%	3.1%
SUMMARY STATS
# Positive	12	12	11
# Negative	12	12	13
Median Positive	9.0%	8.5%	13.2%
Median Negative	-7.9%	-11.3%	-9.0%
Max Positive	26.5%	24.7%	28.2%
Max Negative	-33.7%	-31.4%	-37.8%

SEC Filings

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Report Date	Filing
7312025	10-Q 7/31/2025
4302025	10-Q 4/30/2025
1312025	10-K 1/31/2025
10312024	10-Q 10/31/2024
7312024	10-Q 7/31/2024
4302024	10-Q 4/30/2024
1312024	10-K 1/31/2024
10312023	10-Q 10/31/2023
7312023	10-Q 7/31/2023
4302023	10-Q 4/30/2023
1312023	10-K 1/31/2023
10312022	10-Q 10/31/2022
7312022	10-Q 7/31/2022
4302022	10-Q 4/30/2022
1312022	10-K 1/31/2022
10312021	10-Q 10/31/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Addison Jonathan James	Chief Revenue Officer	7292025	Sell	100.00	9,000	900,000	706,700	Form
1	Tighe Brett	Chief Financial Officer	7212025	Sell	95.00	10,000	950,000	12,567,360	Form
2	Addison Jonathan James	Chief Revenue Officer	7162025	Sell	91.78	2,863	262,775	2,040,430	Form
3	Schwartz Larissa	See Remarks	6202025	Sell	98.50	1,105	108,842	2,549,574	Form
4	Addison Jonathan James	Chief Revenue Officer	4152025	Sell	101.19	7,005	708,836	1,929,390	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Okta (OKTA)

Market Price (9/15/2025): $90.41 | Market Cap: $15.9 BilSector: Information Technology | Industry: Application Software

Okta (OKTA)

Market Price (9/15/2025): $90.41Market Cap: $15.9 BilSector: Information TechnologyIndustry: Application Software

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Market Price (9/15/2025): $90.41 | Market Cap: $15.9 Bil
Sector: Information Technology | Industry: Application Software

Market Price (9/15/2025): $90.41
Market Cap: $15.9 Bil
Sector: Information Technology
Industry: Application Software