Saturday 17 October 2026
Export OKTA’s income statement to Excel — free account
Okta, Inc.
OKTA Technology Software Infrastructure
Okta, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $2.9 billion, up 11.8% from fiscal 2025. In the quarter to July 2026, revenue grew 10.6%, EPS grew 76.3%, free cash flow grew 38.9% and total debt fell 59.2%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
187.26
21.26
−10.20%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 21.52 | 25.13 | 59.28 | 88.66 | 196.78 | 44.12 | 62.40 | 70.56 | 75.05 | 62.66 |
Analyst estimates 2027–2029 Powerpack |
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| High | 33.64 | 75.49 | 141.85 | 287.35 | 294.00 | 226.49 | 92.38 | 114.50 | 127.57 | 235.00 | |||||
| People | |||||||||||||||
| People | Employees | — | — | 1,561 | 2,248 | 2,806 | 5,030 | 6,013 | 5,908 | 5,914 | 6,366 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.26 | 0.26 | 0.30 | 0.26 | 0.31 | 0.38 | 0.44 | 0.46 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 161 | 257 | 399 | 586 | 835 | 1,300 | 1,858 | 2,263 | 2,610 | 2,919 | ||||
| Gross margin, % | 65.21 | 68.52 | 71.59 | 72.80 | 73.89 | 69.54 | 70.61 | 74.33 | 76.32 | 77.36 | |||||
| EBT | (75) | (110) | (126) | (210) | (266) | (850) | (801) | (337) | 46 | 255 | |||||
| EBT margin, % | (46.41) | (42.94) | (31.44) | (35.89) | (31.86) | (65.38) | (43.11) | (14.89) | 1.76 | 8.74 | |||||
| Net income | (75) | (110) | (125) | (209) | (266) | (848) | (815) | (355) | 28 | 235 | |||||
| Depreciation | 15 | 22 | 43 | 72 | 145 | 251 | 198 | 203 | 228 | 257 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 8.45 | 3.09 | 3.71 | 5.00 | 6.56 | 8.78 | 11.76 | 13.83 | 15.39 | 16.60 | ||||
| Earnings | (3.94) | (1.38) | (1.17) | (1.78) | (2.09) | (5.73) | (5.16) | (2.17) | 0.16 | 1.33 | |||||
| Cash flow | (2.21) | (0.30) | 0.14 | 0.47 | 1.01 | 0.70 | 0.54 | 3.13 | 4.42 | 5.03 | |||||
| Capex | (0.62) | (0.14) | (0.20) | (0.24) | (16.08) | (12.60) | (0.15) | (0.15) | (0.12) | (0.12) | |||||
| Free cash flow | (2.83) | (0.45) | (0.06) | 0.24 | (15.08) | (11.90) | 0.40 | 2.98 | 4.31 | 4.91 | |||||
| Book value | (0.82) | 2.40 | 2.35 | 3.46 | 5.46 | 40.00 | 34.59 | 35.98 | 37.77 | 39.79 | |||||
| Shares, m | 19 | 83 | 108 | 117 | 127 | 148 | 158 | 164 | 170 | 176 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 588.88 | 65.77 | ||||
| P/S | 2.78 | 9.53 | 22.20 | 25.61 | 40.58 | 22.53 | 6.26 | 5.98 | 6.12 | 5.31 | |||||
| P/B | 0.00 | 12.26 | 35.11 | 37.03 | 48.82 | 4.95 | 2.13 | 2.30 | 2.49 | 2.21 | |||||
| EV/Sales | 2.55 | 8.63 | 21.83 | 24.82 | 39.64 | 22.02 | 6.07 | 5.52 | 5.48 | 4.68 | |||||
| EV/FCF | (7.61) | (59.50) | (1,291.33) | 400.98 | (17.18) | (16.25) | 179.14 | 25.58 | 19.63 | 15.83 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (42) | (25) | 15 | 56 | 128 | 104 | 86 | 512 | 750 | 884 | ||||
| Capex | (12) | (12) | (22) | (28) | (2,046) | (1,866) | (23) | (24) | (20) | (21) | |||||
| Free cash flow | (54) | (37) | (7) | 28 | (1,918) | (1,762) | 63 | 488 | 730 | 863 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (42) | 130 | 135 | 1,053 | 1,333 | 1,798 | 1,764 | 1,198 | 893 | 1,090 | ||||
| Total debt | — | — | 419 | 938 | 1,766 | 1,832 | 2,225 | 1,154 | 858 | 350 | |||||
| Net debt | (38) | (230) | (145) | (465) | (790) | (670) | (355) | (1,048) | (1,665) | (2,203) | |||||
| Shareholders’ equity | (16) | 199 | 252 | 405 | 694 | 5,922 | 5,466 | 5,888 | 6,405 | 6,999 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (53.54) | (41.46) | (18.14) | (14.21) | (10.13) | (13.56) | (8.80) | (3.88) | 0.30 | 2.45 | ||||
| ROIC | 0.00 | 0.00 | (69.72) | 0.00 | 0.00 | (9.14) | (9.93) | (6.66) | (0.98) | 1.94 | |||||
| ROE | 35.35 | 496.32 | (55.56) | (63.53) | (48.39) | (25.63) | (14.31) | (6.25) | 0.46 | 3.51 | |||||
Negative figures in brackets.
Fiscal years to Jan 2026 · latest quarter Jul 2026
Charts ten years each
Okta, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| XYZ Block, Inc. | $48.0B | 134× | 29.7× | +9.30% (above 0%: growing) | −82.95% (below 0%: shrinking) | +181.80% (above 0%: growing) | 47.84% | 6.75% | Compare |
| NTAP NetApp, Inc. | $42.2B | 28.4× | 23.4× | +29.89% (above 0%: growing) | +64.66% (above 0%: growing) | −35.32% (below 0%: shrinking) | 70.07% | 23.90% | Compare |
| TWLO Twilio Inc. | $42.0B | 32.5× | 107× | +22.03% (above 0%: growing) | +4,560.00% (above 0%: growing) | +32.18% (above 0%: growing) | 48.42% | 5.64% | Compare |
| CRWV CoreWeave Inc. | $38.4B | — (loss-making) | — (loss-making) | +112.46% (above 0%: growing) | n/m | −112.39% (below 0%: shrinking) | 65.86% | (1.90%) | Compare |
| OKTA Okta, Inc. | $36.5B | 111× | 72.2× | +10.58% (above 0%: growing) | +76.32% (above 0%: growing) | +38.89% (above 0%: growing) | 79.63% | 13.29% | |
| ZS Zscaler, Inc. | $35.9B | — (loss-making) | — (loss-making) | +24.88% (above 0%: growing) | n/m | −64.66% (below 0%: shrinking) | 76.73% | (1.72%) | Compare |
| MDB MongoDB, Inc. | $29.5B | 456× | 2,423× | +30.50% (above 0%: growing) | n/m | +94.79% (above 0%: growing) | 73.83% | 3.68% | Compare |
| VRSN VeriSign, Inc. | $27.5B | 32.8× | 31.1× | +6.03% (above 0%: growing) | +7.69% (above 0%: growing) | +9.30% (above 0%: growing) | 88.50% | 68.18% | Compare |
| CPAY Corpay, Inc. | $26.7B | 24.0× | 16.3× | +21.49% (above 0%: growing) | −6.95% (below 0%: shrinking) | +30.16% (above 0%: growing) | 100.00% | 35.28% | Compare |
| Median of peers | $37.2B | 32.6× | 30.4× | +23.45% | +7.69% | +19.73% | 71.95% | 6.20% |
Okta, Inc. (OKTA) key facts
- Strength: Okta, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $2.9 billion, up 11.8% from fiscal 2025.
- Strength: Net income was $235.0 million, or $1.33 per share (basic), a net margin of 8.05%.
- Okta, Inc. (OKTA) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, OKTA traded at $187.26, a market capitalization of $36.5 billion.
- At that price the stock trades at 111× trailing-twelve-month earnings and 10.6× sales.
- Return on equity was 3.51% and debt-to-equity 0.00.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.40 (safe zone) for fiscal 2026.