Okta
OKTA · NasdaqServices-Prepackaged Software · Fiscal year ends Jan 31
Okta reported revenue of $2.9B in the fiscal year ended Jan 2026, up 11.8% from the year before. Operating income was $149M, an operating margin of 5.1%, and net income was $235M. Operating cash flow of $884M less capital expenditure of $9M left free cash flow of $875M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.9B | $2.3B | $2.6B | $2.9B |
| Cost of revenue | $396M | $546M | $581M | $618M | $661M |
| Gross profit | $904M | $1.3B | $1.7B | $2B | $2.3B |
| Research & development | $469M | $620M | $656M | $642M | $639M |
| Operating income | −$768M | −$812M | −$516M | −$74M | $149M |
| Interest expense | $91M | $11M | $8M | $5M | $4M |
| Pre-tax income | −$850M | −$801M | −$337M | $46M | $255M |
| Income tax | −$2M | $14M | $18M | $18M | $20M |
| Net income | −$848M | −$815M | −$355M | $28M | $235M |
| Diluted EPS | −5.73 | −5.16 | −2.17 | 0.06 | 1.31 |
| Diluted shares | 148M | 158M | 164M | 175M | 179M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $260M | $264M | $334M | $409M | $858M |
| Receivables | $398M | $481M | $559M | $621M | $687M |
| Current assets | $3B | $3.2B | $3B | $3.4B | $3.6B |
| Net PP&E | $65M | $59M | $48M | $43M | $38M |
| Goodwill | $5.4B | $5.4B | $5.4B | $5.4B | $5.5B |
| Total assets | $9.2B | $9.3B | $9B | $9.4B | $9.7B |
| Payables | $20M | $12M | $12M | $13M | $12M |
| Deferred revenue | $973M | $1.2B | $1.5B | $1.7B | $1.9B |
| Current liabilities | $1.2B | $1.5B | $1.8B | $2.5B | $2.6B |
| Total liabilities | $3.3B | $3.8B | $3.1B | $3B | $2.7B |
| Shareholders' equity | $5.9B | $5.5B | $5.9B | $6.4B | $7B |
| Backlog (remaining obligations) | $2.7B | $3B | $3.4B | $4.2B | $4.8B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $104M | $86M | $512M | $750M | $884M |
| Capital expenditure | $13M | $12M | $8M | $8M | $9M |
| Free cash flow | $91M | $74M | $504M | $742M | $875M |
| Depreciation & amortisation | $12M | $12M | $12M | $13M | $13M |
| Stock-based compensation | $566M | $677M | $684M | $565M | $544M |
| Acquisitions | $215M | $4M | $22M | $56M | $56M |
| Share buybacks | – | – | $0 | $0 | $73M |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 42.9% | 21.8% | 15.3% | 11.8% |
| EPS growth (YoY) | – | – | – | – | 2083.3% |
| Gross margin | 69.5% | 70.6% | 74.3% | 76.3% | 77.4% |
| Operating margin | −59.1% | −43.7% | −22.8% | −2.8% | 5.1% |
| Net margin | −65.2% | −43.9% | −15.7% | 1.1% | 8.1% |
| Return on equityBlank when equity is negative | −14.3% | −14.9% | −6.0% | 0.4% | 3.4% |
| ROCEEBIT ÷ (assets − current liabilities) | −9.6% | −10.4% | −7.2% | −1.1% | 2.1% |
| Free cash flow margin | 7.0% | 4.0% | 22.3% | 28.4% | 30.0% |
| Cash conversion (CFO ÷ net income) | −0.12x | −0.11x | −1.44x | 26.8x | 3.76x |
| Receivable days | 112 | 94 | 90 | 87 | 86 |
| Payable days | 18 | 8 | 8 | 8 | 7 |
| Interest cover | −8.44x | −73.8x | −64.5x | −14.8x | 37.3x |
| Current ratio | 2.45x | 2.20x | 1.67x | 1.35x | 1.43x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.