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Earnings transcript
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OKTA
Okta, Inc.
$115.94
-1.87
(-1.59%)
| Exchange: | NASDAQ |
| Market Cap: | 19.26B |
| Shares Outstanding: | 90.759M |
Delayed data
About The Company
| Sector: | Technology | |||||
| Industry: | Software – Infrastructure | |||||
| CEO: | Todd McKinnon | |||||
| Full Time Employees: | 5914 | |||||
| Address: |
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| Website: | https://www.okta.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 2,263,000 | 2,610,000 | 2,919,000 |
| Gross Profit | 1,682,000 | 1,992,000 | 2,258,000 |
| EBITDA | -245,000 | 149,000 | 355,000 |
| Operating Income | -516,000 | -63,000 | 153,000 |
| Net Income | -355,000 | 28,000 | 235,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 8,989,000 | 9,437,000 | 9,710 |
| Total Liabilities | 3,101,000 | 3,032,000 | 2,711 |
| Total Stockholders Equity | 5,888,000 | 6,405,000 | 6,999 |
| Total Debt | 1,297,000 | 952,000 | 422 |
| Cash and Cash Equivalents | 334,000 | 409,000 | 858 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 512,000 | 750,000 | 884 |
| Capital Expenditure | -24,000 | -20,000 | -9 |
| Free Cash Flow | 488,000 | 730,000 | 875 |
| Net Income | -355,000 | 28,000 | 235 |
| Net Change in Cash | 71,000 | 73,000 | 449 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 4,372,120.654 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 4,540,780.974 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 4,417,800 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 2,503,155.622 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 2,599,718.152 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 2,529,308.266 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 930,389.602 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 977,193.256 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 943,065.405 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,990,098.168 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 3,105,445.148 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 3,021,338.323 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 5.260 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 5.450 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 5.190 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Growth: Analysis of income statements indicates consistent year-over-year revenue increases, reflecting OKTA's strong market position in identity and access management solutions within the software-as-a-service (SaaS) sector. This growth aligns with industry trends toward cloud-based security solutions.
- Solid Liquidity Position: Balance sheet data shows a healthy level of cash and cash equivalents alongside a favorable current ratio (TTM), suggesting OKTA's ability to meet short-term obligations and invest in growth initiatives without immediate financial strain.
- Positive Free Cash Flow: Cash flow statements reveal a positive free cash flow (TTM), indicating operational efficiency and the capacity to fund innovation or reduce debt, a key advantage in a capital-intensive tech industry.
- Strong Sector Performance: Industry and sector performance metrics highlight that OKTA operates in a high-growth sector (Technology) and industry (Software - Infrastructure), with favorable performance trends over 1-year and 5-year periods compared to peers.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates OKTA intrinsic value between $43.76 – $43.88 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about OKTA valuation
Is Okta, Inc. (OKTA) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Okta, Inc. (OKTA) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is OKTA a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether OKTA trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is OKTA’s P/E ratio?
You can see OKTA’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for OKTA?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is OKTA a good long-term investment?
Whether OKTA fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
OKTA
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Daily snapshot
-1.59
Trading Metrics:
| Open: | 116.18 | Previous Close: | 117.81 | |
| Day Low: | 113.87 | Day High: | 120.96 | |
| Year Low: | 62.66 | Year High: | 142.35 | |
| Price Avg 50: | 91.43 | Price Avg 200: | 87.22 | |
| Volume: | 3.551M | Average Volume: | 4.059M |
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Login — it's freeOKTA full analysis
Welcome to MARKETSNAP’s SWOT analysis for Okta! If you’re a long-term investor looking to dig into the potential of this identity and access management giant, you’re in the right place. Today, we’re breaking down Okta’s strengths, weaknesses, opportunities, and threats to help you make informed decisions for your portfolio. Let’s dive into what makes this company tick, look at recent developments, and see where it stands for the future. Grab a coffee, and let’s get started! General Overview and Recent…
