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Friday 6 November 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.
- Revenue
- +10.6%
- EPS
- +76.3%
- Free cash flow
- +38.9%
- Total debt
- −59.2%
Quarter to July 2026, against a year earlier
173.06
1.90
+1.11%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 161 | 257 | 399 | 586 | 835 | 1,300 | 1,858 | 2,263 | 2,610 | 2,919 | 3,073 | +38.0% | 3,224 | 3,548 | 3,922 | +10.3% | |
| Gross margin, % | 65.21 | 68.52 | 71.59 | 72.80 | 73.89 | 69.54 | 70.61 | 74.33 | 76.32 | 77.36 | 78.13 | +12.1 pt | ||||||
| EBT | (75) | (110) | (126) | (210) | (266) | (850) | (801) | (337) | 46 | 255 | 324 | n/m | ||||||
| EBT margin, % | (46.41) | (42.94) | (31.44) | (35.89) | (31.86) | (65.38) | (43.11) | (14.89) | 1.76 | 8.74 | 10.54 | +55.2 pt | ||||||
| Net income | (75) | (110) | (125) | (209) | (266) | (848) | (815) | (355) | 28 | 235 | 296 | n/m | ||||||
| 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 | 17.63 | +7.8% | |||||
| Earnings | (3.94) | (1.38) | (1.17) | (1.78) | (2.09) | (5.73) | (5.16) | (2.17) | 0.16 | 1.33 | 1.69 | n/m | ||||||
| Cash flow | (2.21) | (0.30) | 0.14 | 0.47 | 1.01 | 0.70 | 0.54 | 3.13 | 4.42 | 5.03 | 5.66 | n/m | ||||||
| Capex | (0.62) | (0.14) | (0.20) | (0.24) | (16.08) | (12.60) | (0.15) | (0.15) | (0.12) | (0.12) | (0.17) | (16.7%) | ||||||
| Free cash flow | (2.83) | (0.45) | (0.06) | 0.24 | (15.08) | (11.90) | 0.40 | 2.98 | 4.31 | 4.91 | 5.50 | n/m | ||||||
| Book value | (0.82) | 2.40 | 2.35 | 3.46 | 5.46 | 40.00 | 34.59 | 35.98 | 37.77 | 39.79 | 40.01 | n/m | ||||||
| Shares, m | 19 | 83 | 108 | 117 | 127 | 148 | 158 | 164 | 170 | 176 | 176 | +28.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 588.88 | 65.77 | 101.66 | 65.5 | |||||
| P/S | 2.78 | 9.53 | 22.20 | 25.61 | 40.58 | 22.53 | 6.26 | 5.98 | 6.12 | 5.31 | 9.74 | 14.7 | ||||||
| P/B | 0.00 | 12.26 | 35.11 | 37.03 | 48.82 | 4.95 | 2.13 | 2.30 | 2.49 | 2.21 | 4.29 | 14.7 | ||||||
| EV/Sales | 2.55 | 8.63 | 21.83 | 24.82 | 39.64 | 22.02 | 6.07 | 5.52 | 5.48 | 4.68 | 9.22 | 14.1 | ||||||
| EV/FCF | (7.61) | (59.50) | (1,291.33) | 400.98 | (17.18) | (16.25) | 179.14 | 25.58 | 19.63 | 15.83 | 29.59 | (75.1) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (42) | (25) | 15 | 56 | 128 | 104 | 86 | 512 | 750 | 884 | 987 | n/m | |||||
| Capex | (12) | (12) | (22) | (28) | (2,046) | (1,866) | (23) | (24) | (20) | (21) | (29) | +6.7% | ||||||
| Free cash flow | (54) | (37) | (7) | 28 | (1,918) | (1,762) | 63 | 488 | 730 | 863 | 958 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (42) | 130 | 135 | 1,053 | 1,333 | 1,798 | 1,764 | 1,198 | 893 | 1,090 | 1,064 | n/m | |||||
| Net debt | (38) | (230) | (145) | (465) | (790) | (670) | (355) | (1,048) | (1,665) | (2,203) | (2,299) | +57.2% | ||||||
| Shareholders’ equity | (16) | 199 | 252 | 405 | 694 | 5,922 | 5,466 | 5,888 | 6,405 | 6,999 | 6,973 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (53.54) | (41.46) | (18.14) | (14.21) | (10.13) | (13.56) | (8.80) | (3.88) | 0.30 | 2.45 | 3.17 | +56.0 pt | |||||
| ROIC | 0.00 | 0.00 | (69.72) | 0.00 | 0.00 | (9.14) | (9.93) | (6.66) | (0.98) | 1.94 | 3.10 | +1.9 pt | ||||||
| ROE | 35.35 | 496.32 | (55.56) | (63.53) | (48.39) | (25.63) | (14.31) | (6.25) | 0.46 | 3.51 | 4.31 | (31.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | 1,561 | 2,248 | 2,806 | 5,030 | 6,013 | 5,908 | 5,914 | 6,366 | — | +22.2% | |||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.26 | 0.26 | 0.30 | 0.26 | 0.31 | 0.38 | 0.44 | 0.46 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jan 2026 · latest quarter Jul 2026 · fundamentals updated 26 Oct 2026
Business profile
Where the money comes from and where it goes Fiscal 2026
| Subscription | 2,855 | 97.81% |
|---|---|---|
| Professional services and other | 64 | 2.19% |
| Gross margin | 77.36% | |
| Operating margin | 5.10% | |
| Pre-tax margin | 8.74% |
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 |
|---|---|---|---|---|---|---|---|---|---|
| NTAP NetApp, Inc. | $33.3B | 23.8× | 25.7× | +29.89% (above 0%: growing) | +64.66% (above 0%: growing) | −35.32% (below 0%: shrinking) | 70.07% | 23.90% | Compare |
| ZS Zscaler, Inc. | $33.2B | — (loss-making) | 8,874× | +24.88% (above 0%: growing) | n/m | −64.66% (below 0%: shrinking) | 76.73% | (1.72%) | Compare |
| NBIS Nebius Group N.V. | $32.7B | 466× | 34.8× | +454.04% (above 0%: growing) | n/m | −399.28% (below 0%: shrinking) | 77.06% | (30.21%) | Compare |
| TWLO Twilio Inc. | $31.1B | 24.3× | 22.8× | +19.93% (above 0%: growing) | +333.33% (above 0%: growing) | +54.25% (above 0%: growing) | 48.77% | 9.53% | Compare |
| OKTA Okta, Inc. | $29.9B | 102× | 105× | +10.58% (above 0%: growing) | +76.32% (above 0%: growing) | +38.89% (above 0%: growing) | 79.63% | 13.29% | |
| CPAY Corpay, Inc. | $29.4B | 24.5× | 20.1× | +17.86% (above 0%: growing) | +45.06% (above 0%: growing) | −71.00% (below 0%: shrinking) | 100.00% | 44.96% | Compare |
| VRSN VeriSign, Inc. | $28.0B | 33.5× | 32.3× | +5.70% (above 0%: growing) | +3.51% (above 0%: growing) | −13.96% (below 0%: shrinking) | 88.76% | 66.93% | Compare |
| MDB MongoDB, Inc. | $24.5B | 413× | 544× | +30.50% (above 0%: growing) | n/m | +94.79% (above 0%: growing) | 73.83% | 3.68% | Compare |
| CRWV CoreWeave Inc. | $24.1B | — (loss-making) | — (loss-making) | +112.46% (above 0%: growing) | n/m | −112.39% (below 0%: shrinking) | 65.86% | (1.90%) | Compare |
| Median of peers | $30.2B | 29.0× | 32.3× | +27.39% | +54.86% | −49.99% | 75.28% | 6.61% |
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
90.72%
Held by the ten largest
47.03%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 18.70m | 10.76% | −342.07k |
| Vanguard | 18.12m | 10.43% | −233.59k |
| Fidelity (FMR) | 16.27m | 9.36% | +4.93m |
| State Street | 6.27m | 3.61% | +164.86k |
| First Trust | 4.50m | 2.59% | +303.33k |
| UBS | 4.48m | 2.58% | −1.40m |
| Allspring Global Investments Holdings, LLC | 3.63m | 2.09% | +80.74k |
| Morgan Stanley | 3.44m | 1.98% | +1.59m |
| Geode Capital Management | 3.27m | 1.88% | −114.91k |
| MFS Investment Management | 3.06m | 1.76% | −676.63k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 7 May 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 36.84m | 15.70m | 33.00 |
| 2025 | 23.32m | 24.44m | 36.00 |
| 2024 | 30.01m | 30.40m | 32.00 |
| 2023 | 412.19k | (21.08m) | 28.00 |
| 2022 | 31.82m | 7.27m | 76.00 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
Okta, Inc. (OKTA) Latest News
29 Oct
27 Oct
20 Oct
19 Oct
8 Oct
5 Oct
29 Sep
OKTA metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Okta sells cloud-based software that helps organizations manage digital identities and control access to applications, data and infrastructure. Its customers use the software for employees, contractors and partners, as well as for their own customers and other users. Okta was founded in 2010 and is headquartered in San Francisco.
The Okta Platform helps IT and security teams decide who or what can access an organization’s resources. It supports tasks such as signing in, verifying identities, assigning access and removing access when a person leaves. It also manages non-human identities, such as devices and applications that need to authenticate themselves. Customers can use it across cloud, on-premises and hybrid environments.