Okta OKTA

Software - Infrastructure, Technology

$213.05

+5.82%

Market cap: $37.2B
PE: 128×; 1y median 100×
Forward PE: 52.2×; 10y median 35.3×
Price to sales: 12.1×
EV/EBIT: 151×
Revenue, 12 months: $3.1B; +11% on a year ago
Net margin: 9.6%
Free cash flow yield: 2.6%

Okta trades at 128× trailing earnings, pricier than 80% of the last ten years. Revenue was $3.1B over the last twelve months, up 11% on a year earlier with a 10% net margin.

Charts

Financials

Income statement for OKTA, by quarter
Income statement	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27	Q2 FY27
	$584M+21%	$605M+19%	$617M+19%	$646M+16%	$665M+14%	$682M+13%	$688M+12%	$728M+13%	$742M+12%	$761M+12%	$765M+11%	$805M+11%
Cost of revenue	$145M+5%	$145M+4%	$148M+4%	$155M+4%	$157M+8%	$158M+9%	$155M+5%	$168M+8%	$170M+8%	$168M+6%	$170M+10%	$164M−2%
Gross profit	$439M+28%	$460M+24%	$469M+25%	$491M+21%	$508M+16%	$524M+14%	$533M+14%	$560M+14%	$572M+13%	$593M+13%	$595M+12%	$641M+15%
R&D	$165M+11%	$156M+1%	$163M+0%	$164M−5%	$158M−4%	$157M+1%	$154M−6%	$160M−2%	$160M+1%	$165M+5%	$163M+6%	$163M+2%
SG&A	$381M−2%	$359M+0%	$353M−4%	$346M−9%	$366M−4%	$348M−3%	$340M−4%	$359M+4%	$389M+6%	$378M+9%	$376M+11%	$371M+3%
	−$111M−46%	−$83M−47%	−$47M−71%	−$19M−88%	−$16M−86%	$8M	$39M	$41M	$23M	$46M+475%	$56M+44%	$107M+161%
Interest expense	$2M−29%	$1M−59%	$2M−33%	$1M−50%	$1M−50%	$1M+0%	$1M−50%	$1M+0%	$1M+0%	$1M+0%	$1M+0%	$0
Pre-tax income	−$74M−64%	−$44M−70%	−$22M−81%	$12M	$25M	$31M	$68M	$67M+458%	$50M+100%	$70M+126%	$78M+15%	$126M+88%
	$7M+88%	$0	$18M+350%	−$17M	$9M+29%	$8M	$6M−67%	$0	$7M−22%	$7M−13%	$4M−33%	$10M
Net income	−$81M−61%	−$44M−71%	−$40M−66%	$29M	$16M	$23M	$62M	$67M+131%	$43M+169%	$63M+174%	$74M+19%	$116M+73%
	−$0.49−63%	−$0.27−72%	−$0.24−68%	$0.15	$0.00	$0.12	$0.35	$0.37+147%	$0.24	$0.35+192%	$0.42+20%	$0.65+76%
	164.4M+4%	166M+4%	167.5M+4%	174.4M+7%	170.7M+4%	190.9M+15%	181.8M+9%	181M+4%	178.4M+5%	179M−6%	177.7M−2%	178.8M−1%

EPS, diluted: 10 periods, Q4 FY17 to Q4 FY26: quarter's net income to common over its shares, to the cent.

Diluted shares: 8 periods, Q4 FY17 to Q4 FY24: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25 and Q4 FY26: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: Dec 1, 2026.

Quarter	Revenue	Range	EPS	Range	Analysts
Q3 FY27	$816M	$815.1M to $817.8M	$0.93	$0.92 to $0.94	26
Q4 FY27	$837.4M	$836.1M to $839.9M	$1.03	$1.01 to $1.04	25
Q1 FY28	$840.8M	$838.9M to $852.4M	$1.01	$1.00 to $1.03	11
Q2 FY28	$882.1M	$880.2M to $894.3M	$1.11	$1.11 to $1.13	11
Q3 FY28	$895.2M	$893.2M to $907.5M	$1.07	$1.07 to $1.09	11
Q4 FY28	$921M	$919M to $933.7M	$1.16	$1.15 to $1.18	12
Q1 FY29	$930.9M	$928.8M to $943.7M	$1.15	$1.15 to $1.17	12
Q2 FY29	$972.7M	$970.6M to $986.1M	$1.26	$1.25 to $1.28	12

Peers

Companies in Software - Infrastructure nearest Okta's size, closest first.

Company	Market cap	PE	Its 10y median PE	Fwd PE	P/S	Revenue growth	Net margin
OKTAOkta	$37.2B	128×	100×	52.2×	12.1×	+11%	9.6%
TWLOTwilio	$40.2B	36.5×	299×	42.3×	7.2×	+18%	20.6%
ZSZscaler	$41.6B	n/m	n/a	52.3×	12.4×	+25%	−1.9%
XYZBlock	$45.9B	137×	82.4×	16.7×	1.8×	+5%	1.4%
MDBMongoDB	$29.9B	n/m	n/a	53.0×	10.7×	+25%	2.1%
VRSNVeriSign	$27.1B	32.6×	30.7×	29.1×	15.9×	+7%	49.8%
CPAYCorpay	$26.8B	24.9×	24.5×	13.9×	5.3×	+20%	22.7%
RBRKRubrik	$26.7B	n/m	n/a	265×	17.3×	+42%	−16.5%
IOTSamsara	$26.3B	281×	334×	53.2×	14.2×	+30%	4.9%
FFIVF5	$25.8B	36.3×	25.8×	26.2×	7.8×	+9%	22.0%
PTCPTC	$21B	18.9×	60.4×	n/m	7.1×	+19%	41.4%
Peer median	$27B	36.3×	60.4×	42.3×	9.3×	+20%	12.8%