AI regulations spotlight Okta stock alongside demand for its AI governance software as compliance needs grow. AI rules may increase demand for Okta governance tools and influence stock sentiment without major trajectory shifts.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | 1 | — | — | — | — | — |
| Sell | 2 | 1 | 3 | 4 | 1 | 4 | 2 | 2 | 4 | 1 | — | 2 |
| total | individual payouts | |
|---|---|---|
| 2026 | ‡‡‡ |
|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Cash | 2,202.00 | 2,523.00 | 2,553.00 | 2,299.00 |
| Receivables | 559.00 | 621.00 | 687.00 | 469.00 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 2,980.00 | 3,416.00 | 3,644.00 | 3,089.00 |
| 2024 | 2025 | 2026 | Q'26 | |
|---|---|---|---|---|
| Payables | 12.00 | 13.00 | 12.00 | 10.00 |
| ST’ Debt | — | 509.00 | 350.00 | — |
| Other | — | — | — | — |
| 1,782.00 | 2,523.00 | 2,554.00 | 2,025.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 765.00 | 805.00 | — | — |
—
|
| ’26 | 688.00 | 728.00 | 742.00 | 761.00 |
2,919.00
|
| ’25 | 617.00 | 646.00 | 665.00 | 682.00 |
2,610.00
|
| ’24 | 518.00 | 556.00 | 584.00 | 605.00 |
2,263.00
|
| ’23 | 415.00 | 452.00 | 481.00 | 510.00 |
1,858.00
|
| ’22 | 251.01 | 315.50 | 350.68 | 382.81 |
1,300.00
|
| ’21 | 182.86 | 200.45 | 217.38 | 234.32 |
835.00
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 277.00 | 234.00 | — | — |
—
|
| ’26 | 241.00 | 167.00 | 218.00 | 258.00 |
884.00
|
| ’25 | 219.00 | 86.00 | 159.00 | 286.00 |
750.00
|
| ’24 | 129.00 | 53.00 | 156.00 | 174.00 |
512.00
|
| ’23 | 19.00 | (19.05) | 10.00 | 76.00 |
86.00
|
| ’22 | 56.08 | (2.61) | 37.12 | 13.41 |
104.00
|
| ’21 | 38.70 | 10.93 | 43.43 | 34.95 |
128.00
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 271.00 | 225.00 | — | — |
—
|
| ’26 | 238.00 | 162.00 | 211.00 | 252.00 |
863.00
|
| ’25 | 214.00 | 78.00 | 154.00 | 284.00 |
730.00
|
| ’24 | 124.00 | 49.00 | 149.00 | 166.00 |
488.00
|
| ’23 | 10.00 | (25.05) | 6.00 | 72.00 |
63.00
|
| ’22 | 52.69 | (3.75) | 33.38 | (1,844.33) |
(1,762.00)
|
| ’21 | 29.77 | 6.87 | 41.59 | (1,996.35) |
(1,918.13)
|
| Apr | Jul | Oct | Jan | Year | |
|---|---|---|---|---|---|
| ’26 | 0.42 | 0.65 | — | — |
—
|
| ’26 | 0.35 | 0.37 | 0.24 | 0.35 |
1.31
|
| ’25 | (0.24) | 0.15 | 0.00 | 0.13 |
0.06
|
| ’24 | (0.74) | (0.68) | (0.49) | (0.26) |
(2.17)
|
| ’23 | (1.56) | (1.34) | (1.32) | (0.95) |
(5.16)
|
| ’22 | (0.83) | (1.83) | (1.44) | (1.56) |
(5.73)
|
| ’21 | (0.47) | (0.48) | (0.56) | (0.58) |
(2.09)
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.12 | 62.40 | 70.56 | 75.05 | 62.66 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 226.49 | 92.38 | 114.50 | 127.57 | 192.59 | — | — | — |
High Price
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,030 | 6,013 | 5,908 | 5,914 | 6,366 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.26 | 0.31 | 0.38 | 0.44 | 0.46 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,300.00 | 1,858.00 | 2,263.00 | 2,610.00 | 2,919.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 69.54% | 70.61% | 74.33% | 76.32% | 77.36% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (850.00) | (801.00) | (337.00) | 46.00 | 255.00 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (65.38%) | (43.11%) | (14.89%) | 1.76% | 8.74% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (848.00) | (815.00) | (355.00) | 28.00 | 235.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 251.00 | 198.00 | 203.00 | 228.00 | 257.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.78 | 11.76 | 13.83 | 15.39 | 16.60 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.73) | (5.16) | (2.17) | 0.16 | 1.33 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.70 | 0.54 | 3.13 | 4.42 | 5.03 | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (12.60) | (0.15) | (0.15) | (0.12) | (0.12) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (11.90) | 0.40 | 2.98 | 4.31 | 4.91 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 40.00 | 34.59 | 35.98 | 37.77 | 39.79 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 148.04 | 158.02 | 163.63 | 169.57 | 175.88 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 588.88 | 65.77 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.53 | 6.26 | 5.98 | 6.12 | 5.31 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.95 | 2.13 | 2.30 | 2.49 | 2.21 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.02 | 6.07 | 5.52 | 5.48 | 4.68 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (16.25) | 179.14 | 25.58 | 19.63 | 15.83 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 104.00 | 86.00 | 512.00 | 750.00 | 884.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,866.00) | (23.00) | (24.00) | (20.00) | (21.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,762.00) | 63.00 | 488.00 | 730.00 | 863.00 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,798.00 | 1,764.00 | 1,198.00 | 893.00 | 1,090.00 | — | — | — |
Working Cap'
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,832.00 | 2,225.00 | 1,154.00 | 858.00 | 350.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (670.00) | (355.00) | (1,048.00) | (1,665.00) | (2,203.00) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,922.00 | 5,466.00 | 5,888.00 | 6,405.00 | 6,999.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (13.56%) | (8.80%) | (3.88%) | 0.30% | 2.45% | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | (9.14%) | (9.93%) | (6.66%) | (0.98%) | 1.94% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (25.63%) | (14.31%) | (6.25%) | 0.46% | 3.51% | — | — | — |
ROE
|
Okta, Inc. (OKTA) has transformed from a high-growth identity management leader into an emerging profitability powerhouse, with revenue compounding at ~52% CAGR since 2016 to $2.26 billion in 2024 (22% YoY), driven by enterprise cloud adoption and post-acquisition efficiencies like Auth0 integration. Gross margins expanded to 74.3%, revenue per employee hit $383,000 (+50% since 2019), and free cash flow turned solidly positive at $488 million, signaling operational leverage amid cybersecurity tailwinds.
The stock trades at depressed multiples—6x 2025 sales and 5.5x EV/sales—versus historical peaks and profitable peers, reflecting past volatility from breaches, macro headwinds, and dilution, yet poised for re-rating with breakeven EBT in 2025, EPS flipping positive to $0.16, and 11% revenue CAGR through 2028. A fortified balance sheet (net cash, $5.9B equity) supports growth without dilution.
Analysts forecast 35-50% upside, fueled by AI-enhanced IAM, zero-trust demand, and 20%+ margins by 2027, though insider selling and a potential 2026 earnings dip warrant caution. DCF models and sector trends point to $4B+ scale by 2030—accumulate on dips for high-conviction returns.
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