Technology · Software - Infrastructure
Price
$124.28
Market Cap
$20.6B
Employees
5,914
Beta
0.79
Avg Volume
4,123,785
CEO
Todd McKinnon
Business Description
Okta, Inc. delivers comprehensive identity management solutions tailored for a diverse clientele, including large corporations, small and medium-sized businesses, educational institutions, charitable organizations, and governmental bodies, operating both within the United States and globally. The company's flagship offering is the Okta Identity Cloud, a robust platform featuring a suite of integrated products and services. These include a Universal Directory, a cloud-based system designed to securely store and manage user, application, and device profiles; Single Sign-On (SSO), enabling seamless access to cloud-based or on-premises applications from multiple devices; and Adaptive Multi-Factor Authentication, which adds an extra layer of security for various applications and data. Further components encompass Lifecycle Management for overseeing a user's digital identity journey, API Access Management for securing interfaces, an Access Gateway to extend cloud capabilities to on-premises applications, and Advanced Server Access for safeguarding cloud infrastructure. Additionally, Okta incorporates Auth0's product portfolio. This includes Universal Login for consistent user authentication experiences across different apps and devices; Attack Protection, a suite of features to counter malicious online activity; Adaptive Multi-Factor Authentication, providing strong security with minimal user inconvenience; and Passwordless authentication, allowing users to log in through diverse methods without traditional passwords. Other Auth0 offerings are Machine to Machine (M2M) authentication and authorization built on industry standards; Private Cloud, for deploying dedicated Auth0 instances; and Organizations, providing independent configurations, login flows, and security settings for different groups. Okta further provides comprehensive customer assistance, educational programs, and specialized professional services. The company distributes its offerings directly via its sales teams and through a network of channel partners. Originally established as Saasure, Inc. in 2009, Okta, Inc. maintains its corporate headquarters in San Francisco, California.
Business History
Price Overview
Last updated: Jun 27, 2026 10:06am (just now)$124.28
+5.02 (+4.21%)
Day Range
$118.57 – $124.86
52-Week Range
$62.66 – $142.35
50-Day MA
$96.80
200-Day MA
$87.91
Volume
4,636,841.00
Analyst Price Targets
Low
$60.00
Consensus
$117.45
High
$150.00
(175 analysts)
Share Structure
Outstanding
166,120,000.00
Float
165,603,657.00
Free Float
99.7%
High free float
— 99.7% of shares trade freely, ~0.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
88.62
Stock Price: $124.28
EPS (Diluted): 1.34
EPS (Diluted): 1.34
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.12
Stock Price: $124.28
Total Equity: $7.00B
Shares: 179,290,000
Total Equity: $7.00B
Shares: 179,290,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
56.37
Market Cap: $20.65B
Total Debt: $350.00M
Cash: $858.00M
EBITDA: $355.00M
Total Debt: $350.00M
Cash: $858.00M
EBITDA: $355.00M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$14.4B
Market Cap: $20.65B
Total Debt: $350.00M
Cash: $858.00M
Total Debt: $350.00M
Cash: $858.00M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
77.4%
Gross Profit: $2.26B
Revenue: $2.92B
Revenue: $2.92B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
5.2%
Operating Income: $153.00M
Revenue: $2.92B
Revenue: $2.92B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
8.1%
Net Income: $235.00M
Revenue: $2.92B
Revenue: $2.92B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
3.6%
Net Income: $235.00M
Total Equity: $7.00B
Total Equity: $7.00B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
2.1%
Operating Income: $153.00M
Tax Rate: 7.8%
Equity: $7.00B
Total Debt: $350.00M
Cash: $858.00M
Tax Rate: 7.8%
Equity: $7.00B
Total Debt: $350.00M
Cash: $858.00M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.36
Current Assets: $3.47B
Current Liabilities: $2.55B
Current Liabilities: $2.55B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.05
Short-Term Debt: $350.00M
Long-Term Debt: $0.00
Total Debt: $350.00M
Total Equity: $7.00B
Long-Term Debt: $0.00
Total Debt: $350.00M
Total Equity: $7.00B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$16.28
Revenue: $2.92B
Shares: 179,290,000
Shares: 179,290,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$39.04
Total Equity: $7.00B
Shares: 179,290,000
Shares: 179,290,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$5.05
Operating CF: $914.00M
CapEx: -$9.00M
Shares: 179,290,000
CapEx: -$9.00M
Shares: 179,290,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $124.28
Stock Price: $124.28
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $235.00M
Net Income: $235.00M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares OKTA against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 25, 2026 1:30am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.9B | $2.3B | $2.6B | $2.9B |
| Cost of Revenue | $396.4M | $546.0M | $581.0M | $618.0M | $661.0M |
| Gross Profit | $904.0M | $1.3B | $1.7B | $2.0B | $2.3B |
| Operating Expenses | $1.7B | $2.1B | $2.2B | $2.1B | $2.1B |
| Operating Income | -$768.0M | -$812.0M | -$516.0M | -$63.0M | $153.0M |
| Net Income | -$848.0M | -$815.0M | -$355.0M | $28.0M | $235.0M |
| EBITDA | -$651.0M | -$676.0M | -$245.0M | $149.0M | $355.0M |
| EPS | $-5.73 | $-5.16 | $-2.17 | $0.17 | $1.34 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 1:30am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $260.0M | $264.0M | $334.0M | $409.0M | $858.0M |
| Total Current Assets | $3.0B | $3.2B | $3.0B | $3.4B | $3.5B |
| Total Assets | $9.2B | $9.3B | $9.0B | $9.4B | $9.7B |
| Current Liabilities | $1.2B | $1.5B | $1.8B | $2.5B | $2.6B |
| Long-Term Debt | $1.8B | $2.2B | $1.2B | $349.0M | $0 |
| Total Liabilities | $3.3B | $3.8B | $3.1B | $3.0B | $2.7B |
| Total Equity | $5.9B | $5.5B | $5.9B | $6.4B | $7.0B |
| Retained Earnings | -$1.8B | -$2.5B | -$2.8B | -$2.8B | -$2.6B |
Cash Flow (Annual)
Last updated: Jun 25, 2026 1:30am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $104.0M | $86.0M | $512.0M | $750.0M | $914.0M |
| Capital Expenditure | -$17.0M | -$23.0M | -$24.0M | -$20.0M | -$9.0M |
| Free Cash Flow | $87.0M | $63.0M | $488.0M | $730.0M | $905.0M |
| Acquisitions (net) | -$215.0M | -$4.0M | -$22.0M | -$56.0M | -$56.0M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | -$73.0M |
| Net Change in Cash | -$176.0M | -$2.0M | $71.0M | $73.0M | $448.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 4:04pm (18h ago)| Metric | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|
| Revenue |
$3.5B $3.5B – $3.6B
|
$3.9B $3.9B – $3.9B
|
$4.1B $4.1B – $4.2B
|
$4.4B $4.4B – $4.5B
|
| EBITDA |
$2.0B $2.0B – $2.1B
|
$2.2B $2.2B – $2.2B
|
$2.3B $2.3B – $2.4B
|
$2.5B $2.5B – $2.6B
|
| Net Income |
$803.6M $722.4M – $884.7M
|
$909.1M $750.8M – $1.1B
|
$862.4M $850.8M – $893.6M
|
$943.1M $930.4M – $977.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 25, 2026 1:30am (2d ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +42.9% | +21.8% | +15.3% | +11.8% |
| Gross Profit Growth | +45.1% | +28.2% | +18.4% | +13.4% |
| Operating Income Growth | -5.7% | +36.5% | +87.8% | +342.9% |
| Net Income Growth | +3.9% | +56.4% | +107.9% | +739.3% |
| EBITDA Growth | -3.8% | +63.8% | +160.8% | +138.3% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-22 | Schwartz Larissa | S-Sale | 2,463.00 | $120.00 | $295,560 |
| 2026-06-18 | Kelleher Eric Robert | S-Sale | 200.00 | $107.98 | $21,595 |
| 2026-06-18 | Kelleher Eric Robert | S-Sale | 400.00 | $109.01 | $43,602 |
| 2026-06-18 | Kelleher Eric Robert | S-Sale | 1,000.00 | $111.05 | $111,047 |
| 2026-06-18 | Kelleher Eric Robert | S-Sale | 300.00 | $112.15 | $33,644 |
| 2026-06-18 | Kelleher Eric Robert | S-Sale | 200.00 | $115.34 | $23,067 |
| 2026-06-18 | Kelleher Eric Robert | S-Sale | 1,777.00 | $117.59 | $208,965 |
| 2026-06-18 | Kelleher Eric Robert | S-Sale | 100.00 | $118.49 | $11,849 |
| 2026-06-18 | Schellhase David | A-Award | 2,080.00 | $0.00 | $0 |
| 2026-06-18 | SAGAN PAUL | A-Award | 2,080.00 | $0.00 | $0 |
| 2026-06-18 | BERNSHTEYN ROBERT | A-Award | 2,080.00 | $0.00 | $0 |
| 2026-06-18 | Kerrest Jacques Frederic | A-Award | 2,080.00 | $0.00 | $0 |
| 2026-06-18 | Kerrest Jacques Frederic | G-Gift | 6,800.00 | $0.00 | $0 |
| 2026-06-17 | Epstein Jeff | M-Exempt | 2,487.00 | $0.00 | $0 |
| 2026-06-17 | Epstein Jeff | M-Exempt | 2,487.00 | $0.00 | $0 |
| 2026-06-17 | Dixon Robert L JR | M-Exempt | 2,487.00 | $0.00 | $0 |
| 2026-06-17 | Dixon Robert L JR | M-Exempt | 2,487.00 | $0.00 | $0 |
| 2026-06-17 | Choi Emilie | M-Exempt | 2,487.00 | $0.00 | $0 |
| 2026-06-18 | Choi Emilie | A-Award | 2,080.00 | $0.00 | $0 |
| 2026-06-17 | Choi Emilie | M-Exempt | 2,487.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for OKTA — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30