Okta, Inc. (OKTA) 10-Year Financial Performance & Capital Metrics

OKTA • • Industrial / General

TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementIdentity & Access Management

AboutOkta, 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 more

Revenue $2.61B +15.3%
EBITDA $14M +103.2%
Net Income $28M +107.9%
EPS (Diluted) 0.06 +102.8%
Gross Margin 76.32% +2.7%
EBITDA Margin 0.54% +102.8%
Operating Margin -2.84% +87.6%
Net Margin 1.07% +106.8%
ROE 0.46% +107.3%
ROIC -0.8% +85.0%
Debt/Equity 0.15 -32.5%
Interest Coverage -14.80 +77.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 28.0% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 34.8%

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y51.49%

5Y34.82%

3Y26.15%

TTM12.12%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM600%

EPS CAGR

10Y-

5Y-

3Y-

TTM509.38%

ROCE

10Y Avg-60.69%

5Y Avg-9.38%

3Y Avg-6.06%

Latest-1.05%

Peer Comparison

Identity & Access Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OKTAOkta, Inc.	15.58B	91.94	1532.33	15.33%	6.87%	2.83%	4.69%	0.15
OSPNOneSpan Inc.	474.2M	12.47	8.54	3.43%	24.08%	24.4%	9.79%	0.04
AUIDauthID Inc.	25.77M	1.71	-1.22	365.86%	-10.08%	-207.46%		0.02
ARQQArqit Quantum Inc.	422.13M	26.97	-2.50	-54.22%	-111.19%	-7.53%		0.08
SAILSailPoint, Inc.	10.61B	18.90	-9.55	23.16%	-29.2%	-4.35%
VRNSVaronis Systems, Inc.	4B	33.96	-39.49	10.38%	-18.82%	-18.94%	2.71%	1.66
CYBRCyberArk Software Ltd.	22.9B	453.65	-213.99	33.1%	-13.78%	-7.13%	0.96%	0.01

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	85.91M	160.81M	256.55M	399.25M	586.07M	835M	1.3B	1.86B	2.26B	2.61B
Revenue Growth %	1.09%	0.87%	0.6%	0.56%	0.47%	0.42%	0.56%	0.43%	0.22%	0.15%
Cost of Goods Sold+	36.02M	55.95M	80.75M	113.42M	159.38M	217.68M	396.4M	546M	581M	618M
COGS % of Revenue	0.42%	0.35%	0.31%	0.28%	0.27%	0.26%	0.3%	0.29%	0.26%	0.24%
Gross Profit+	49.88M	104.86M	175.79M	285.83M	426.69M	617M	904M	1.31B	1.68B	1.99B
Gross Margin %	0.58%	0.65%	0.69%	0.72%	0.73%	0.74%	0.7%	0.71%	0.74%	0.76%
Gross Profit Growth %	1.24%	1.1%	0.68%	0.63%	0.49%	0.45%	0.47%	0.45%	0.28%	0.18%
Operating Expenses+	125.87M	179.53M	287.64M	405.45M	612.52M	821M	1.67B	2.12B	2.2B	2.07B
OpEx % of Revenue	1.47%	1.12%	1.12%	1.02%	1.05%	0.98%	1.29%	1.14%	0.97%	0.79%
Selling, General & Admin	97.11M	140.87M	216.82M	303.07M	453.25M	598M	1.2B	1.48B	1.49B	1.41B
SG&A % of Revenue	1.13%	0.88%	0.85%	0.76%	0.77%	0.72%	0.93%	0.79%	0.66%	0.54%
Research & Development	28.76M	38.66M	70.82M	102.39M	159.27M	223M	469M	620M	656M	642M
R&D % of Revenue	0.33%	0.24%	0.28%	0.26%	0.27%	0.27%	0.36%	0.33%	0.29%	0.25%
Other Operating Expenses	0	0	0	0	0	0	0	29M	56M	11M
Operating Income+	-75.99M	-74.67M	-111.85M	-119.62M	-185.83M	-204M	-768M	-812M	-516M	-74M
Operating Margin %	-0.88%	-0.46%	-0.44%	-0.3%	-0.32%	-0.24%	-0.59%	-0.44%	-0.23%	-0.03%
Operating Income Growth %	-0.29%	0.02%	-0.5%	-0.07%	-0.55%	-0.1%	-2.76%	-0.06%	0.36%	0.86%
EBITDA+	-73.1M	-70.1M	-104.85M	-111.62M	-168.02M	-167M	-660M	-698M	-432M	14M
EBITDA Margin %	-0.85%	-0.44%	-0.41%	-0.28%	-0.29%	-0.2%	-0.51%	-0.38%	-0.19%	0.01%
EBITDA Growth %	-0.29%	0.04%	-0.5%	-0.06%	-0.51%	0.01%	-2.95%	-0.06%	0.38%	1.03%
D&A (Non-Cash Add-back)	2.89M	4.57M	7M	8M	17.82M	37M	108M	114M	84M	88M
EBIT	-75.99M	-74.63M	-110.17M	-110.44M	-183.31M	-193M	-759M	-790M	-329M	51M
Net Interest Income+	0	0	1.68M	-5.89M	-9.93M	-60M	-82M	11M	73M	101M
Interest Income	0	0	1.68M	9.18M	17.09M	12.89M	9M	22M	81M	106M
Interest Expense	0	0	0	15.07M	27.02M	72.66M	91M	11M	8M	5M
Other Income/Expense	-19K	39K	1.68M	-5.89M	-24.5M	-62M	-82M	11M	179M	120M
Pretax Income+	-76.01M	-74.63M	-110.17M	-125.51M	-210.33M	-266M	-850M	-801M	-337M	46M
Pretax Margin %	-0.88%	-0.46%	-0.43%	-0.31%	-0.36%	-0.32%	-0.65%	-0.43%	-0.15%	0.02%
Income Tax+	295K	425K	-321K	-17K	-1.42M	0	-2M	14M	18M	18M
Effective Tax Rate %	1%	1.01%	1%	1%	0.99%	1%	1%	1.02%	1.05%	0.61%
Net Income+	-76.3M	-75.06M	-109.85M	-125.5M	-208.91M	-266M	-848M	-815M	-355M	28M
Net Margin %	-0.89%	-0.47%	-0.43%	-0.31%	-0.36%	-0.32%	-0.65%	-0.44%	-0.16%	0.01%
Net Income Growth %	-0.29%	0.02%	-0.46%	-0.14%	-0.66%	-0.27%	-2.19%	0.04%	0.56%	1.08%
Net Income (Continuing)	-76.3M	-75.06M	-109.85M	-125.5M	-208.91M	-266M	-848M	-815M	-355M	28M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.84	-0.92	-1.38	-1.17	-1.78	-2.09	-5.73	-5.16	-2.17	0.06
EPS Growth %	-0.29%	-0.1%	-0.5%	0.15%	-0.52%	-0.17%	-1.74%	0.1%	0.58%	1.03%
EPS (Basic)	-0.84	-0.92	-1.38	-1.17	-1.78	-2.09	-5.73	-5.16	-2.17	0.17
Diluted Shares Outstanding	90.76M	90.76M	83M	107.5M	117.22M	127.21M	148.04M	158.02M	163.63M	175.09M
Basic Shares Outstanding	90.76M	90.76M	83M	107.5M	117.22M	127.21M	148.04M	158.02M	163.63M	169.57M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	125.67M	92.79M	317.5M	708.12M	1.6B	2.88B	3.04B	3.23B	2.98B	3.42B
Cash & Short-Term Investments	87.94M	37.67M	229.71M	563.77M	1.4B	2.56B	2.5B	2.58B	2.2B	2.52B
Cash Only	54.41M	23.28M	127.95M	298.39M	520.05M	434.61M	260M	264M	334M	409M
Short-Term Investments	33.54M	14.39M	101.77M	265.37M	882.98M	2.12B	2.24B	2.32B	1.87B	2.11B
Accounts Receivable	23.01M	34.54M	52.25M	93.43M	130.12M	194.82M	398M	481M	559M	621M
Days Sales Outstanding	97.76	78.41	74.34	85.41	81.04	85.16	111.75	94.49	90.16	86.84
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	10.14M	13.55M	17.75M	24.18M	33.64M	45.95M	74.39M	168M	219M	272M
Total Non-Current Assets+	24.09M	37.84M	81.77M	276.2M	355.67M	420.23M	6.17B	6.08B	6.01B	6.02B
Property, Plant & Equipment	4.71M	11.03M	12.54M	174.31M	178.74M	212.39M	213M	181M	131M	117M
Fixed Asset Turnover	18.24x	14.58x	20.46x	2.29x	3.28x	3.93x	6.10x	10.27x	17.27x	22.31x
Goodwill	2.63M	2.63M	6.28M	18.09M	48.02M	48.02M	5.4B	5.4B	5.41B	5.45B
Intangible Assets	4.59M	9.15M	11.76M	13.9M	32.53M	27.01M	317M	241M	182M	138M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	12.16M	15.03M	51.18M	69.9M	96.38M	132.81M	234M	256M	290M	318M
Total Assets+	149.76M	130.63M	399.26M	984.31M	1.96B	3.3B	9.21B	9.31B	8.99B	9.44B
Asset Turnover	0.57x	1.23x	0.64x	0.41x	0.30x	0.25x	0.14x	0.20x	0.25x	0.28x
Asset Growth %	0.54%	-0.13%	2.06%	1.47%	0.99%	0.69%	1.79%	0.01%	-0.03%	0.05%
Total Current Liabilities+	87.14M	134.5M	187.94M	573.1M	546.96M	1.55B	1.24B	1.47B	1.78B	2.52B
Accounts Payable	5.87M	9.39M	9.57M	2.43M	3.84M	8.56M	20M	12M	12M	13M
Days Payables Outstanding	59.52	61.24	43.24	7.82	8.79	14.35	18.42	8.02	7.54	7.68
Short-Term Debt	0	0	0	271.63M	100.7M	908.68M	16M	0	0	509M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	8.88M	9.81M	13.22M	20.14M	41M	75.05M	152M	107M	136M	207M
Current Ratio	1.44x	0.69x	1.69x	1.24x	2.92x	1.86x	2.45x	2.20x	1.67x	1.35x
Quick Ratio	1.44x	0.69x	1.69x	1.24x	2.92x	1.86x	2.45x	2.20x	1.67x	1.35x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	15.73M	0	0	158.83M	1B	1.06B	2.04B	2.38B	1.32B	509M
Long-Term Debt	0	0	0	0	837M	857.39M	1.82B	2.19B	1.15B	349M
Capital Lease Obligations	0	0	0	147.05M	154.51M	179.52M	171M	142M	112M	94M
Deferred Tax Liabilities	426K	132K	175K	727K	1.56M	3.88M	9M	12M	16M	0
Other Non-Current Liabilities	231.55M	233.9M	6.84M	2.29M	3.8M	7.5M	22M	11M	14M	39M
Total Liabilities	102.87M	134.5M	187.94M	731.94M	1.55B	2.6B	3.28B	3.84B	3.1B	3.03B
Total Debt+	0	0	0	429.59M	1.1B	1.97B	2.03B	2.37B	1.3B	952M
Net Debt	-54.41M	-23.28M	-127.95M	131.19M	584.23M	1.53B	1.77B	2.1B	963M	543M
Debt / Equity	-	-	-	1.70x	2.72x	2.84x	0.34x	0.43x	0.22x	0.15x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	68.00x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	38.79x
Interest Coverage	-	-	-	-7.94x	-6.88x	-2.81x	-8.44x	-73.82x	-64.50x	-14.80x
Total Equity+	46.89M	-15.65M	199.34M	252.38M	405.34M	694.04M	5.92B	5.47B	5.89B	6.41B
Equity Growth %	0.26%	-1.33%	13.74%	0.27%	0.61%	0.71%	7.53%	-0.08%	0.08%	0.09%
Book Value per Share	0.52	-0.17	2.40	2.35	3.46	5.46	40.00	34.59	35.98	36.58
Total Shareholders' Equity	46.89M	-15.65M	199.34M	252.38M	405.34M	694.04M	5.92B	5.47B	5.89B	6.41B
Common Stock	2K	2K	10K	11K	12K	13K	0	0	0	0
Retained Earnings	-204.4M	-287.91M	-366.71M	-492.21M	-701.12M	-967.46M	-1.82B	-2.48B	-2.83B	-2.8B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-57K	-167K	391K	-319K	892K	5.39M	-12M	-33M	-6M	-12M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	-41.54M	-42.1M	-25.24M	15.17M	55.6M	128M	104M	86M	512M	750M
Operating CF Margin %	-0.48%	-0.26%	-0.1%	0.04%	0.09%	0.15%	0.08%	0.05%	0.23%	0.29%
Operating CF Growth %	-0.27%	-0.01%	0.4%	1.6%	2.66%	1.3%	-0.19%	-0.17%	4.95%	0.46%
Net Income	-76.3M	-75.06M	-109.85M	-125.5M	-208.91M	-266M	-848M	-815M	-355M	28M
Depreciation & Amortization	2.89M	4.57M	7M	8M	17.82M	37M	108M	114M	84M	88M
Stock-Based Compensation	9.83M	17.13M	49.86M	76.32M	126.62M	195M	566M	677M	684M	565M
Deferred Taxes	0	0	-534K	-765K	-2.25M	-1M	-6M	7M	6M	2M
Other Non-Cash Items	9.37M	11.17M	17.72M	36.78M	70.79M	125M	144M	110M	39M	120M
Working Capital Changes	12.67M	90K	10.56M	20.33M	51.54M	38M	140M	-7M	54M	-53M
Change in Receivables	-10.67M	-11.99M	-18.32M	-39.68M	-37.52M	-66M	-175M	-87M	-79M	-63M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	962K	1.53M	-2.46M	-1.44M	1.69M	4M	7M	-6M	0	1M
Cash from Investing+	1.16M	6.96M	-99.7M	-197.32M	-688.04M	-1.3B	-367M	-130M	441M	-314M
Capital Expenditures	-4.09M	-6.25M	-6.55M	-19.81M	-15.44M	-13M	-13M	-12M	-8M	-8M
CapEx % of Revenue	0.05%	0.04%	0.03%	0.05%	0.03%	0.02%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.61M	-5.49M	-5.43M	-2.11M	-12.48M	-4M	-4M	-11M	-16M	-12M
Cash from Financing+	76.84M	457K	237.41M	357.76M	853.38M	1.09B	89M	48M	-883M	-359M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.63M	457K	29.09M	22.78M	37.14M	-43M	89M	48M	54M	-79M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-48.24M	-53.84M	-37.22M	-7.49M	27.68M	111M	87M	63M	488M	730M
FCF Margin %	-0.56%	-0.33%	-0.15%	-0.02%	0.05%	0.13%	0.07%	0.03%	0.22%	0.28%
FCF Growth %	-0.35%	-0.12%	0.31%	0.8%	4.7%	3.01%	-0.22%	-0.28%	6.75%	0.5%
FCF per Share	-0.53	-0.59	-0.45	-0.07	0.24	0.87	0.59	0.40	2.98	4.17
FCF Conversion (FCF/Net Income)	0.54x	0.56x	0.23x	-0.12x	-0.27x	-0.48x	-0.12x	-0.11x	-1.44x	26.79x
Interest Paid	0	0	19K	403K	862K	4M	6M	6M	5M	3M
Taxes Paid	0	0	747K	514K	1.12M	1M	3M	8M	14M	19M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-181.19%	-480.5%	-119.6%	-55.56%	-63.53%	-48.39%	-25.63%	-14.31%	-6.25%	0.46%
Return on Invested Capital (ROIC)	-981%	-	-516.91%	-39.44%	-20.3%	-9.51%	-11.61%	-7.98%	-5.37%	-0.8%
Gross Margin	58.07%	65.21%	68.52%	71.59%	72.8%	73.89%	69.54%	70.61%	74.33%	76.32%
Net Margin	-88.82%	-46.67%	-42.82%	-31.43%	-35.65%	-31.86%	-65.23%	-43.86%	-15.69%	1.07%
Debt / Equity	-	-	-	1.70x	2.72x	2.84x	0.34x	0.43x	0.22x	0.15x
Interest Coverage	-	-	-	-7.94x	-6.88x	-2.81x	-8.44x	-73.82x	-64.50x	-14.80x
FCF Conversion	0.54x	0.56x	0.23x	-0.12x	-0.27x	-0.48x	-0.12x	-0.11x	-1.44x	26.79x
Revenue Growth	109.48%	87.19%	59.54%	55.63%	46.79%	42.48%	55.69%	42.92%	21.8%	15.33%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024	2025
Subscription and Circulation	-	370.86M	552.69M	796.61M	1.25B	1.79B	2.21B	2.56B
Subscription and Circulation Growth	-	-	49.03%	44.13%	56.82%	43.61%	22.91%	15.92%
Technology Service	-	28.4M	33.38M	38.81M	50.99M	64M	58M	54M
Technology Service Growth	-	-	17.54%	16.27%	31.38%	25.51%	-9.38%	-6.90%

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	220.38M	337.37M	494.53M	701.63M	1.04B	1.46B	1.78B	2.06B
UNITED STATES Growth	-	53.08%	46.58%	41.88%	47.71%	40.49%	22.46%	15.65%
Non-US	39.61M	61.89M	91.54M	133.79M	263.81M	402M	480M	548M
Non-US Growth	-	56.25%	47.91%	46.16%	97.19%	52.38%	19.40%	14.17%

Frequently Asked Questions

Growth & Financials

Okta, Inc. (OKTA) reported $2.84B in revenue for fiscal year 2025. This represents a 6825% increase from $41.0M in 2015.

Okta, Inc. (OKTA) grew revenue by 15.3% over the past year. This is strong growth.

Yes, Okta, Inc. (OKTA) is profitable, generating $195.0M in net income for fiscal year 2025 (1.1% net margin).

Dividend & Returns

Okta, Inc. (OKTA) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.

Okta, Inc. (OKTA) generated $898.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Okta, Inc. (OKTA) 10-Year Financial Performance & Capital Metrics

OKTA • • Industrial / General

TechnologyInfrastructure SoftwareCybersecurity & Identity ManagementIdentity & Access Management

Revenue $2.61B +15.3%
EBITDA $14M +103.2%
Net Income $28M +107.9%
EPS (Diluted) 0.06 +102.8%
Gross Margin 76.32% +2.7%
EBITDA Margin 0.54% +102.8%
Operating Margin -2.84% +87.6%
Net Margin 1.07% +106.8%
ROE 0.46% +107.3%
ROIC -0.8% +85.0%
Debt/Equity 0.15 -32.5%
Interest Coverage -14.80 +77.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FCF machine: 28.0% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 34.8%

✗Weaknesses

✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y51.49%

5Y34.82%

3Y26.15%

TTM12.12%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM600%

EPS CAGR

10Y-

5Y-

3Y-

TTM509.38%

ROCE

10Y Avg-60.69%

5Y Avg-9.38%

3Y Avg-6.06%

Latest-1.05%

Peer Comparison

Identity & Access Management

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OKTAOkta, Inc.	15.58B	91.94	1532.33	15.33%	6.87%	2.83%	4.69%	0.15
OSPNOneSpan Inc.	474.2M	12.47	8.54	3.43%	24.08%	24.4%	9.79%	0.04
AUIDauthID Inc.	25.77M	1.71	-1.22	365.86%	-10.08%	-207.46%		0.02
ARQQArqit Quantum Inc.	422.13M	26.97	-2.50	-54.22%	-111.19%	-7.53%		0.08
SAILSailPoint, Inc.	10.61B	18.90	-9.55	23.16%	-29.2%	-4.35%
VRNSVaronis Systems, Inc.	4B	33.96	-39.49	10.38%	-18.82%	-18.94%	2.71%	1.66
CYBRCyberArk Software Ltd.	22.9B	453.65	-213.99	33.1%	-13.78%	-7.13%	0.96%	0.01

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	85.91M	160.81M	256.55M	399.25M	586.07M	835M	1.3B	1.86B	2.26B	2.61B
Revenue Growth %	1.09%	0.87%	0.6%	0.56%	0.47%	0.42%	0.56%	0.43%	0.22%	0.15%
Cost of Goods Sold+	36.02M	55.95M	80.75M	113.42M	159.38M	217.68M	396.4M	546M	581M	618M
COGS % of Revenue	0.42%	0.35%	0.31%	0.28%	0.27%	0.26%	0.3%	0.29%	0.26%	0.24%
Gross Profit+	49.88M	104.86M	175.79M	285.83M	426.69M	617M	904M	1.31B	1.68B	1.99B
Gross Margin %	0.58%	0.65%	0.69%	0.72%	0.73%	0.74%	0.7%	0.71%	0.74%	0.76%
Gross Profit Growth %	1.24%	1.1%	0.68%	0.63%	0.49%	0.45%	0.47%	0.45%	0.28%	0.18%
Operating Expenses+	125.87M	179.53M	287.64M	405.45M	612.52M	821M	1.67B	2.12B	2.2B	2.07B
OpEx % of Revenue	1.47%	1.12%	1.12%	1.02%	1.05%	0.98%	1.29%	1.14%	0.97%	0.79%
Selling, General & Admin	97.11M	140.87M	216.82M	303.07M	453.25M	598M	1.2B	1.48B	1.49B	1.41B
SG&A % of Revenue	1.13%	0.88%	0.85%	0.76%	0.77%	0.72%	0.93%	0.79%	0.66%	0.54%
Research & Development	28.76M	38.66M	70.82M	102.39M	159.27M	223M	469M	620M	656M	642M
R&D % of Revenue	0.33%	0.24%	0.28%	0.26%	0.27%	0.27%	0.36%	0.33%	0.29%	0.25%
Other Operating Expenses	0	0	0	0	0	0	0	29M	56M	11M
Operating Income+	-75.99M	-74.67M	-111.85M	-119.62M	-185.83M	-204M	-768M	-812M	-516M	-74M
Operating Margin %	-0.88%	-0.46%	-0.44%	-0.3%	-0.32%	-0.24%	-0.59%	-0.44%	-0.23%	-0.03%
Operating Income Growth %	-0.29%	0.02%	-0.5%	-0.07%	-0.55%	-0.1%	-2.76%	-0.06%	0.36%	0.86%
EBITDA+	-73.1M	-70.1M	-104.85M	-111.62M	-168.02M	-167M	-660M	-698M	-432M	14M
EBITDA Margin %	-0.85%	-0.44%	-0.41%	-0.28%	-0.29%	-0.2%	-0.51%	-0.38%	-0.19%	0.01%
EBITDA Growth %	-0.29%	0.04%	-0.5%	-0.06%	-0.51%	0.01%	-2.95%	-0.06%	0.38%	1.03%
D&A (Non-Cash Add-back)	2.89M	4.57M	7M	8M	17.82M	37M	108M	114M	84M	88M
EBIT	-75.99M	-74.63M	-110.17M	-110.44M	-183.31M	-193M	-759M	-790M	-329M	51M
Net Interest Income+	0	0	1.68M	-5.89M	-9.93M	-60M	-82M	11M	73M	101M
Interest Income	0	0	1.68M	9.18M	17.09M	12.89M	9M	22M	81M	106M
Interest Expense	0	0	0	15.07M	27.02M	72.66M	91M	11M	8M	5M
Other Income/Expense	-19K	39K	1.68M	-5.89M	-24.5M	-62M	-82M	11M	179M	120M
Pretax Income+	-76.01M	-74.63M	-110.17M	-125.51M	-210.33M	-266M	-850M	-801M	-337M	46M
Pretax Margin %	-0.88%	-0.46%	-0.43%	-0.31%	-0.36%	-0.32%	-0.65%	-0.43%	-0.15%	0.02%
Income Tax+	295K	425K	-321K	-17K	-1.42M	0	-2M	14M	18M	18M
Effective Tax Rate %	1%	1.01%	1%	1%	0.99%	1%	1%	1.02%	1.05%	0.61%
Net Income+	-76.3M	-75.06M	-109.85M	-125.5M	-208.91M	-266M	-848M	-815M	-355M	28M
Net Margin %	-0.89%	-0.47%	-0.43%	-0.31%	-0.36%	-0.32%	-0.65%	-0.44%	-0.16%	0.01%
Net Income Growth %	-0.29%	0.02%	-0.46%	-0.14%	-0.66%	-0.27%	-2.19%	0.04%	0.56%	1.08%
Net Income (Continuing)	-76.3M	-75.06M	-109.85M	-125.5M	-208.91M	-266M	-848M	-815M	-355M	28M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.84	-0.92	-1.38	-1.17	-1.78	-2.09	-5.73	-5.16	-2.17	0.06
EPS Growth %	-0.29%	-0.1%	-0.5%	0.15%	-0.52%	-0.17%	-1.74%	0.1%	0.58%	1.03%
EPS (Basic)	-0.84	-0.92	-1.38	-1.17	-1.78	-2.09	-5.73	-5.16	-2.17	0.17
Diluted Shares Outstanding	90.76M	90.76M	83M	107.5M	117.22M	127.21M	148.04M	158.02M	163.63M	175.09M
Basic Shares Outstanding	90.76M	90.76M	83M	107.5M	117.22M	127.21M	148.04M	158.02M	163.63M	169.57M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	125.67M	92.79M	317.5M	708.12M	1.6B	2.88B	3.04B	3.23B	2.98B	3.42B
Cash & Short-Term Investments	87.94M	37.67M	229.71M	563.77M	1.4B	2.56B	2.5B	2.58B	2.2B	2.52B
Cash Only	54.41M	23.28M	127.95M	298.39M	520.05M	434.61M	260M	264M	334M	409M
Short-Term Investments	33.54M	14.39M	101.77M	265.37M	882.98M	2.12B	2.24B	2.32B	1.87B	2.11B
Accounts Receivable	23.01M	34.54M	52.25M	93.43M	130.12M	194.82M	398M	481M	559M	621M
Days Sales Outstanding	97.76	78.41	74.34	85.41	81.04	85.16	111.75	94.49	90.16	86.84
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	10.14M	13.55M	17.75M	24.18M	33.64M	45.95M	74.39M	168M	219M	272M
Total Non-Current Assets+	24.09M	37.84M	81.77M	276.2M	355.67M	420.23M	6.17B	6.08B	6.01B	6.02B
Property, Plant & Equipment	4.71M	11.03M	12.54M	174.31M	178.74M	212.39M	213M	181M	131M	117M
Fixed Asset Turnover	18.24x	14.58x	20.46x	2.29x	3.28x	3.93x	6.10x	10.27x	17.27x	22.31x
Goodwill	2.63M	2.63M	6.28M	18.09M	48.02M	48.02M	5.4B	5.4B	5.41B	5.45B
Intangible Assets	4.59M	9.15M	11.76M	13.9M	32.53M	27.01M	317M	241M	182M	138M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	12.16M	15.03M	51.18M	69.9M	96.38M	132.81M	234M	256M	290M	318M
Total Assets+	149.76M	130.63M	399.26M	984.31M	1.96B	3.3B	9.21B	9.31B	8.99B	9.44B
Asset Turnover	0.57x	1.23x	0.64x	0.41x	0.30x	0.25x	0.14x	0.20x	0.25x	0.28x
Asset Growth %	0.54%	-0.13%	2.06%	1.47%	0.99%	0.69%	1.79%	0.01%	-0.03%	0.05%
Total Current Liabilities+	87.14M	134.5M	187.94M	573.1M	546.96M	1.55B	1.24B	1.47B	1.78B	2.52B
Accounts Payable	5.87M	9.39M	9.57M	2.43M	3.84M	8.56M	20M	12M	12M	13M
Days Payables Outstanding	59.52	61.24	43.24	7.82	8.79	14.35	18.42	8.02	7.54	7.68
Short-Term Debt	0	0	0	271.63M	100.7M	908.68M	16M	0	0	509M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	8.88M	9.81M	13.22M	20.14M	41M	75.05M	152M	107M	136M	207M
Current Ratio	1.44x	0.69x	1.69x	1.24x	2.92x	1.86x	2.45x	2.20x	1.67x	1.35x
Quick Ratio	1.44x	0.69x	1.69x	1.24x	2.92x	1.86x	2.45x	2.20x	1.67x	1.35x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	15.73M	0	0	158.83M	1B	1.06B	2.04B	2.38B	1.32B	509M
Long-Term Debt	0	0	0	0	837M	857.39M	1.82B	2.19B	1.15B	349M
Capital Lease Obligations	0	0	0	147.05M	154.51M	179.52M	171M	142M	112M	94M
Deferred Tax Liabilities	426K	132K	175K	727K	1.56M	3.88M	9M	12M	16M	0
Other Non-Current Liabilities	231.55M	233.9M	6.84M	2.29M	3.8M	7.5M	22M	11M	14M	39M
Total Liabilities	102.87M	134.5M	187.94M	731.94M	1.55B	2.6B	3.28B	3.84B	3.1B	3.03B
Total Debt+	0	0	0	429.59M	1.1B	1.97B	2.03B	2.37B	1.3B	952M
Net Debt	-54.41M	-23.28M	-127.95M	131.19M	584.23M	1.53B	1.77B	2.1B	963M	543M
Debt / Equity	-	-	-	1.70x	2.72x	2.84x	0.34x	0.43x	0.22x	0.15x
Debt / EBITDA	-	-	-	-	-	-	-	-	-	68.00x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	38.79x
Interest Coverage	-	-	-	-7.94x	-6.88x	-2.81x	-8.44x	-73.82x	-64.50x	-14.80x
Total Equity+	46.89M	-15.65M	199.34M	252.38M	405.34M	694.04M	5.92B	5.47B	5.89B	6.41B
Equity Growth %	0.26%	-1.33%	13.74%	0.27%	0.61%	0.71%	7.53%	-0.08%	0.08%	0.09%
Book Value per Share	0.52	-0.17	2.40	2.35	3.46	5.46	40.00	34.59	35.98	36.58
Total Shareholders' Equity	46.89M	-15.65M	199.34M	252.38M	405.34M	694.04M	5.92B	5.47B	5.89B	6.41B
Common Stock	2K	2K	10K	11K	12K	13K	0	0	0	0
Retained Earnings	-204.4M	-287.91M	-366.71M	-492.21M	-701.12M	-967.46M	-1.82B	-2.48B	-2.83B	-2.8B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-57K	-167K	391K	-319K	892K	5.39M	-12M	-33M	-6M	-12M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	-41.54M	-42.1M	-25.24M	15.17M	55.6M	128M	104M	86M	512M	750M
Operating CF Margin %	-0.48%	-0.26%	-0.1%	0.04%	0.09%	0.15%	0.08%	0.05%	0.23%	0.29%
Operating CF Growth %	-0.27%	-0.01%	0.4%	1.6%	2.66%	1.3%	-0.19%	-0.17%	4.95%	0.46%
Net Income	-76.3M	-75.06M	-109.85M	-125.5M	-208.91M	-266M	-848M	-815M	-355M	28M
Depreciation & Amortization	2.89M	4.57M	7M	8M	17.82M	37M	108M	114M	84M	88M
Stock-Based Compensation	9.83M	17.13M	49.86M	76.32M	126.62M	195M	566M	677M	684M	565M
Deferred Taxes	0	0	-534K	-765K	-2.25M	-1M	-6M	7M	6M	2M
Other Non-Cash Items	9.37M	11.17M	17.72M	36.78M	70.79M	125M	144M	110M	39M	120M
Working Capital Changes	12.67M	90K	10.56M	20.33M	51.54M	38M	140M	-7M	54M	-53M
Change in Receivables	-10.67M	-11.99M	-18.32M	-39.68M	-37.52M	-66M	-175M	-87M	-79M	-63M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	962K	1.53M	-2.46M	-1.44M	1.69M	4M	7M	-6M	0	1M
Cash from Investing+	1.16M	6.96M	-99.7M	-197.32M	-688.04M	-1.3B	-367M	-130M	441M	-314M
Capital Expenditures	-4.09M	-6.25M	-6.55M	-19.81M	-15.44M	-13M	-13M	-12M	-8M	-8M
CapEx % of Revenue	0.05%	0.04%	0.03%	0.05%	0.03%	0.02%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-2.61M	-5.49M	-5.43M	-2.11M	-12.48M	-4M	-4M	-11M	-16M	-12M
Cash from Financing+	76.84M	457K	237.41M	357.76M	853.38M	1.09B	89M	48M	-883M	-359M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	3.63M	457K	29.09M	22.78M	37.14M	-43M	89M	48M	54M	-79M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-48.24M	-53.84M	-37.22M	-7.49M	27.68M	111M	87M	63M	488M	730M
FCF Margin %	-0.56%	-0.33%	-0.15%	-0.02%	0.05%	0.13%	0.07%	0.03%	0.22%	0.28%
FCF Growth %	-0.35%	-0.12%	0.31%	0.8%	4.7%	3.01%	-0.22%	-0.28%	6.75%	0.5%
FCF per Share	-0.53	-0.59	-0.45	-0.07	0.24	0.87	0.59	0.40	2.98	4.17
FCF Conversion (FCF/Net Income)	0.54x	0.56x	0.23x	-0.12x	-0.27x	-0.48x	-0.12x	-0.11x	-1.44x	26.79x
Interest Paid	0	0	19K	403K	862K	4M	6M	6M	5M	3M
Taxes Paid	0	0	747K	514K	1.12M	1M	3M	8M	14M	19M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-181.19%	-480.5%	-119.6%	-55.56%	-63.53%	-48.39%	-25.63%	-14.31%	-6.25%	0.46%
Return on Invested Capital (ROIC)	-981%	-	-516.91%	-39.44%	-20.3%	-9.51%	-11.61%	-7.98%	-5.37%	-0.8%
Gross Margin	58.07%	65.21%	68.52%	71.59%	72.8%	73.89%	69.54%	70.61%	74.33%	76.32%
Net Margin	-88.82%	-46.67%	-42.82%	-31.43%	-35.65%	-31.86%	-65.23%	-43.86%	-15.69%	1.07%
Debt / Equity	-	-	-	1.70x	2.72x	2.84x	0.34x	0.43x	0.22x	0.15x
Interest Coverage	-	-	-	-7.94x	-6.88x	-2.81x	-8.44x	-73.82x	-64.50x	-14.80x
FCF Conversion	0.54x	0.56x	0.23x	-0.12x	-0.27x	-0.48x	-0.12x	-0.11x	-1.44x	26.79x
Revenue Growth	109.48%	87.19%	59.54%	55.63%	46.79%	42.48%	55.69%	42.92%	21.8%	15.33%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024	2025
Subscription and Circulation	-	370.86M	552.69M	796.61M	1.25B	1.79B	2.21B	2.56B
Subscription and Circulation Growth	-	-	49.03%	44.13%	56.82%	43.61%	22.91%	15.92%
Technology Service	-	28.4M	33.38M	38.81M	50.99M	64M	58M	54M
Technology Service Growth	-	-	17.54%	16.27%	31.38%	25.51%	-9.38%	-6.90%

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	220.38M	337.37M	494.53M	701.63M	1.04B	1.46B	1.78B	2.06B
UNITED STATES Growth	-	53.08%	46.58%	41.88%	47.71%	40.49%	22.46%	15.65%
Non-US	39.61M	61.89M	91.54M	133.79M	263.81M	402M	480M	548M
Non-US Growth	-	56.25%	47.91%	46.16%	97.19%	52.38%	19.40%	14.17%

Frequently Asked Questions

Growth & Financials

Okta, Inc. (OKTA) reported $2.84B in revenue for fiscal year 2025. This represents a 6825% increase from $41.0M in 2015.

Okta, Inc. (OKTA) grew revenue by 15.3% over the past year. This is strong growth.

Yes, Okta, Inc. (OKTA) is profitable, generating $195.0M in net income for fiscal year 2025 (1.1% net margin).

Dividend & Returns

Okta, Inc. (OKTA) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.

Okta, Inc. (OKTA) generated $898.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.