Okta/$OKTA

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About Okta

Okta is a cloud-native security company specializing in identity and access management. The San Francisco-based firm went public in 2017 and serves two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees, contractors, and partners to securely access its cloud-based and on-premises resources. The firm's customer offering, delivered via its Auth0 platform, allow clients to provide secure access experiences to their own end users.
Ticker
$OKTA
Sector
Business services
Primary listing
NASDAQ
Employees
6,366

Okta Metrics

BasicAdvanced
$36B
124.78
$1.65
0.76
-

What the Analysts think about Okta

Analyst ratings (Buy, Hold, Sell) for Okta stock.
Analyst projections of the future price of Okta stock.

Bulls say / Bears say

Okta is combining double-digit growth with much stronger profitability. Second-quarter revenue rose 11%, GAAP operating income increased to $107 million from $41 million, and free cash flow reached $227 million; management guides to a 26% non-GAAP operating margin and a 28% to 29% free-cash-flow margin for the full year. (Last10K)
Contracted revenue is growing faster than recognised revenue, improving forward visibility. Second-quarter RPO rose 17% to $4.858 billion and current RPO increased 14% to $2.585 billion, while Okta said both workforce and customer identity contributed to ACV momentum. (Last10K)
Okta is positioning its platform for a new identity market around AI agents, with products that authenticate, authorise and audit agent actions. Its partnership with Anthropic and new Cross App Access integrations could help Okta become the control layer for agent-to-application connections, although monetisation is still developing. (Okta, Okta)
Okta’s growth outlook remains modest, with full-year revenue guidance at 10% to 11%. A recent analysis also reported second-quarter billings down 5.4%, while third-quarter cRPO growth is guided at 11% to 12%, below the 14% achieved in the second quarter. (Magica)
The shares appear to price in a successful AI-agent expansion before that opportunity is visible in reported growth. One recent analysis put the stock at roughly 9.3 times forward revenue and 33 times forward free cash flow against 10% growth, leaving limited room for an execution miss. (Openbook Analytics)
Recent disclosures included an 8.1-severity authorisation-bypass flaw in Okta Access Gateway, alongside other Access Gateway and Auth0 connector vulnerabilities. Problems in core security products could increase remediation costs and make customers more cautious about relying on Okta for critical access controls. (Okta, Cybersecurity News)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.

Okta Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Okta Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

Funds containing Okta

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