Revenue segments as reported by the company.

Subscription

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Okta

Okta, Inc. engages in the provision of an identity management platform for enterprises. It operates through the United States and International geographical segments. The firm's products include single sign-on, multi-factor authentication, API access management, authentication, user management, and lifecycle management. The company was founded by Todd McKinnon and J. Frederic Kerrest in 2009 and is headquartered in San Francisco, CA.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

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Earnings data Q3 2025

Okta reports strong Q1 performance amidst macro challenges and AI focus

Okta's Q1 performance demonstrated resilience amid macro challenges, driven by customer additions and product innovations. However, the company faces headwinds from macroeconomic impacts, leading to cautious outlook and strategic focus on AI integration and cross-selling opportunities.

Okta reports strong Q2 performance, eyes growth in Access Management

Okta's Q2 performance reflects strong customer growth and financial outlook, supported by successful product offerings. While facing challenges related to the macro environment and leadership roles, the company is well-positioned to capitalize on opportunities in Access Management and federal markets.

OKTA reports robust Q3 results, addresses security incident impact

OKTA's Q3 performance showcased strong financial metrics and raised outlooks for future revenue. The company faces challenges related to the recent security incident and macro headwinds but remains optimistic about long-term opportunities, particularly in international markets and product development.

Okta reports robust Q4 earnings, eyes growth in identity solutions

Okta's strong Q4 performance and strategic priorities for FY24 position the company for continued growth. While challenges like conservative growth guidance and new customer acquisition exist, opportunities in expanding product offerings and upselling present avenues for revenue growth. Okta's focus on simplicity, customer-centricity, and strategic alignment bode well for future success.

Okta reports robust Q1 earnings, eyes AI and cross-selling

Okta's Q1 2024 earnings call highlighted strong financial performance, product advancements, and strategic partnerships amidst macroeconomic challenges.
The company faces headwinds in net retention rates but sees potential in AI, legacy IAM replacement, and cross-selling opportunities for future growth.
Analysts raised questions on pricing strategy and management changes, indicating areas for Okta to address in navigating market uncertainties.
Overall, Okta's focus on innovation, customer expansion, and strategic positioning in the identity solutions space bodes well for its future growth trajectory.

Okta reports robust Q2 results amidst macro challenges and growth opportunities

Okta's Q2 performance reflects strong revenue growth, operational efficiency, and strategic product innovations.
While facing challenges in a volatile macro environment, the company is well-positioned to capitalize on opportunities in identity solutions.
With raised outlooks for the future, Okta's focus on customer wins, product expansions, and market positioning bodes well for sustained growth.
The ongoing search for a go-to-market President and the need to navigate macroeconomic uncertainties are key areas for Okta's continued success.

Okta reports robust Q3 results amidst security focus challenges

Okta reports strong financial performance in Q3 with positive revenue growth and improved free cash flow margin outlook for FY '24 and '25.
Despite challenges from delayed product launches and security incident impact, the company remains committed to enhancing security and customer trust.
Opportunities lie in new product introductions, international market expansion, and positive customer response to security measures and integrated workflows.

Okta reports record profitability in Q4, bullish on growth

Okta's Q4 performance showcased record profitability and strong financial metrics, with a positive outlook for Q1 and FY '25.
The company's strategic strengths lie in security focus, customer expansion, and successful product initiatives like Privileged Access Management.
Challenges include macroeconomic impacts and operational hurdles, while opportunities exist in specialized customer approaches and market expansion.

Okta reports robust Q1 performance amidst challenges and growth opportunities

Okta's Q1 2025 performance reflects strong financials, stable retention rates, and a focus on growth acceleration through new customer acquisition.
The company faces challenges from macro uncertainties, seat count fluctuations, and growth bottlenecks but is well-positioned for long-term success.
Opportunities in product innovation, strategic partnerships, and cross-selling initiatives position Okta for continued growth and market leadership in identity security solutions.

Okta reports robust Q2 earnings, eyes growth amid macro challenges

Okta's Q2 earnings call showcases strong financial performance, strategic focus on security, and growth initiatives. Despite macro challenges, the company remains profitable and expects revenue growth and margin improvement for the future.

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J.P. Morgan downgraded its rating on the shares to Neutral from Overweight and its target price to $85 from $95.

Okta Stock Tanks. The Case Against Buying the Dip.

Okta, Inc. (NASDAQ:OKTA ) Q1 2024 Earnings Conference Call May 31, 2023 5:00 PM ET Company Participants Dave Gennarelli - Senior Vice President, Investor Relations Todd McKinnon - Chief Executive Officer and Co-Founder Brett Tighe - Chief Financial Officer Conference Call Participants Rob Owens - Piper Sandler Roger Boyd - UBS Joshua Tilton - Wolfe Research Adam Tindle - Raymond James Billy Fitzsimmons - MoffettNathanson Rudy Kessinger - D.A. Davidson Jonathan Ho - William Blair Ray McDonough - Guggenheim Adam Borg - Stifel Stefan Schwarz - Wells Fargo Joseph Gallo - Jefferies Fred Havemeyer - Macquarie Shrenik Kothari - Baird Joe Vandrick - Scotiabank Madeline Brooks - Bank of America Keith Bachman - BMO Capital Markets Gabriela Borges - Goldman Sachs Eric Heath - KeyBanc Capital Markets Brian Wilcox - Cleveland Research Company Matthew Hedberg - RBC Capital Markets Peter Weed - Bernstein Param Singh - Oppenheimer Dave Gennarelli Hi, everybody.

Okta, Inc. (OKTA) Q1 2024 Earnings Call Transcript

NVIDIA

C3.ai

Salesforce

CrowdStrike

Nvidia Corp. increased the fervor for artificial intelligence on Wall Street, but plunging software stocks showed Wednesday why betting that the chip maker's AI revenue will quickly ripple through the rest of the tech sector is a losing proposition.

Nvidia created an AI bubble, and software stocks are already paying the price

Stock markets gave up ground Wednesday, but many indexes were still up for the month of May. CrowdStrike and Okta both saw their stocks fall after releasing their latest earnings reports.

AI Couldn't Save These 2 Cybersecurity Stocks Today

Okta (OKTA) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to loss of $0.27 per share a year ago.

Okta (OKTA) Beats Q1 Earnings and Revenue Estimates

Okta Inc. shares plunged in the extended session Wednesday after the identity-management software company raised expectations for the months ahead even while its chief executive warned macroeconomic conditions could worsen.

Okta stock plunges, CEO sees tough times ahead even as earnings forecast moves higher

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced financial results for its first quarter ended April 30, 2023. “We started the new fiscal year with strong non-GAAP operating profit and record cash flow, which is a testament to the actions we've taken to increase efficiency and profitability,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “Identity is a key building block for projects around the long-term.

Okta Announces First Quarter Fiscal Year 2024 Financial Results

Two tech stocks that are standing out as their first-quarter earnings reports approach on Wednesday, May 31 are CrowdStrike (CRWD) and Okta Inc (OKTA).

Time to Buy into the Growth of These Tech Stocks as Earnings Approach?

Okta, Inc should post a first-quarter 2024 profit of $0.12 per share when the cloud identity management company announces its latest financial results after the market close on Wednesday, May 31, 2023, according to the Zacks Consensus Estimate. It would represent earnings per share (EPS) growth of more 144% from the same period last year, with 76.3% of investors expecting its EPS to surpass expectations as the Earnings Whisper number is $0.18 per share.

Okta expected to report 1Q profit beat: earnings preview

MongoDB

Salesforce stock is among several strong performers set to report earnings, along with Broadcom and 3 fast-growing security software firms. The post After Bullish Report In March, Salesforce Stock Ramps Higher Ahead Of Results; 3 Security Software Stocks To Watch appeared first on Investor's Business Daily.

After Bullish Report In March, Salesforce Stock Ramps Higher Ahead Of Results; 3 Security Software Stocks To Watch

CyberArk Software

Fortinet

Palo Alto Networks

Zscaler

While it certainly seems like technology is the big winner this year, in truth just 10 stocks have driven 95% of the gains in the venerable S&P 500.

6 Cybersecurity Software Stocks Could Be Set Up for Huge Second Half 2023 Gains

Cybersecurity leader Okta stock is one of the best stocks to buy and watch in today's stock market, as it nears a new buy point.

Cybersecurity Leader Okta Eyes Breakout Ahead Of Big Earnings Report

Shares of Okta Inc. OKTA fell 0.8% in morning trading, to underperform the broader stock market, after the identity software company reported a relative spike in outages. The company's “Downdetector” site showed that after having zero reports of outages around 8 a.m.

Okta's stock falls after outage reports spike

Okta has not performed well over the past year compared to other companies in the sector owing to macroeconomic and self-inflicted issues. The company may need to spend more and focus on sales team integration to accelerate customer growth.

Okta: Expect Stock To Remain Under Pressure In The Near Term

Okta Inc is an exciting company that offers exposure to a growing industry where they are number one. With strong revenue growth, the momentum is there to keep it up as the company continues added customers at a strong 17% You rate.

Okta Offers Exposure To An Exciting Market

Okta serves a $80 billion addressable market in a fast-growing market. Okta and Microsoft's Azure Active Directory lead the TAM, which is expected to grow strongly. The presence of stricter regulations around authentication requirements and security issues will serve as a growth catalyst.

Okta: Increased Adoption Of AIM Solutions Will Boost Growth

Cloudflare

Cybersecurity provider Zscaler ignited a rally among cyber stocks in the market today. Cloudflare announced a partnership with IT giant Kyndryl.

Why CrowdStrike, Cloudflare, and Okta Stocks All Popped Today

Amazon

Paycom Software

We have narrowed our search to five large-cap stocks currently trading at a deep discount to their 52-week highs. These are: AMZN, PAYC, OKTA, ZS, MDB.

5 Attractive Large-Cap Stocks to Buy Despite Recession Fears

CrowdStrike's analyst day and Cloudflare's quarterly-earnings report both indicated slowing growth for the industry. Growth stocks are struggling against high interest rates and slowing economies across the globe.

Here's Why CrowdStrike, Cloudflare, Zscaler, and Okta Shares Fell in April

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ: OKTA), the leading independent identity provider, today announced that it will release its financial results for its first quarter fiscal year 2024 ended April 30, 2023 after the U.S. market close on Wednesday, May 31, 2023. Okta will host a live video webcast that day at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. Event: Okta's First Quarter Fiscal Year 2024 Financial Results Date: Wednesday, May 1, 2023 Time: 2:00.

Okta to Announce First Quarter Fiscal Year 2024 Financial Results on May 31, 2023

Amplify Cybersecurity ETF

Tenable Holdings Inc

Cybersecurity stocks had a bad week after the effects of the Silicon Valley Bank failure showed up in earnings reports — and after a strength that many companies relied on last earnings season shifted to a liability.

Cybersecurity stocks are getting battered. Here's how the Silicon Valley Bank failure is to blame.

Donnelley Financial Solutions

Squarespace

The Internet-Software & Services industry is in recovery mode even as an economic slowdown looms large. However, DFIN, OKTA and SQSP are likely to see relatively steady growth.

3 Software & Services Stocks Looking Relatively Stable In 2023

Okta (OKTA) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -17.76% in 4 Weeks, Here's Why Okta (OKTA) Looks Ripe for a Turnaround

Snap

Atlassian

Wix.com

As Wall Street enters another earnings season and investors digest the recent slew of inflation data, it's worth looking at a few names that historically, may be solid bets for bulls to move in on during this time of volatility. Specifically, there is a handful of software stocks that have approached a bullish trendline. Below we will take a closer look at several flashing bull signals that could indicate more gains are on the horizon for software and tech names -- especially since the broader market is fresh off Thursday's Big-Tech surge.

Contrarian Bulls Should Keep Watch of These 4 Tech Stocks

Okta is rapidly growing its enterprise customer user base, which is excellent since these customers can buy more products. High inflation and rising interest rates hurt the identity management company in 2022.

News for Okta Stock (OKTA)