Okta, Inc.

OKTA

Okta, Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Okta, Inc..

R40: 39 · 2026 Q3 $30.92B
$172.91
News

Coverage

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Open OKTA Rule of 40 details
Median 42.4 Above 40 0–40 Below 0
37
2024 Q4
54
Q1
46
Q2
35
Q3
40
2025 Q4
45
Q1
47
Q2
39
2026 Q3 40 0 Mix
ANALYST RATINGS
Buy $177
Consensus as of Aug 27, 2026
OKTA
Oppenheimer Buy $190
Maintains
2026-08-27
Evercore ISI Buy $185
Maintains
2026-08-27
Cantor Fitzgerald Buy $200
Maintains
2026-08-27
Roth MKM Buy $155
Reiterates
2026-08-27
BMO Capital Buy $187
Maintains
2026-08-27

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Forward model

Where the revenue goes next

OKTA FORWARD MODEL $127.74 -26%
Earnings coverage

Latest earnings

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Background

Company History

Exchange
NASDAQ
IPO Date
Apr 7, 2017
IPO Price
$17.00
as issued; not split-adjusted, so not comparable to the current price
Shares Outstanding
178.8M
2009
Founded

Todd McKinnon and Frederic Kerrest, both ex-Salesforce, found Okta to sell identity and access management as a cloud service.

2017
IPO on Nasdaq

Okta priced 11 000 000 shares at $17.00 on 6 April 2017 and began trading the following day under OKTA.

2023
Losing $0.68 a share

The quarter ended 31 July 2023 lost $0.68 per diluted share on $556 million of revenue; GAAP profitability was still six quarters away.

2024
First GAAP profit

The quarter ended 31 July 2024 produced $0.15 of GAAP diluted EPS, Okta's first positive quarter in the stored history.

2025
Profitability holds

Fiscal 2026 delivered $1.31 of GAAP diluted EPS on $2.919 billion of revenue, against a $0.06 full-year figure the year before.

2026
Okta for AI Agents

At Okta Showcase in New York in May 2026, McKinnon launched a blueprint for the 'secure agentic enterprise' - discovering AI agents, governing what they can reach, and revoking access when they misbehave.

2026
Q2 FY2027 beats and the stock jumps

The quarter ended 31 July 2026 grew revenue 11% to $805 million with cRPO accelerating to +14%; the shares rose about 27% the next session, and eight brokers raised their targets that morning.

Leadership

Key Players

Todd McKinnon
Chairperson, CEO & Co-Founder
Co-founded Okta in 2009 after running engineering at Salesforce, and has been CEO throughout. Has spent 2026 arguing that AI agents are identities that need discovery, governance and a kill switch - the pitch behind Okta for AI Agents, launched at the May 2026 Okta Showcase. Took the company public in April 2017 at $17 a share.

The CEO view — 5 podcasts, interviews & articles →

Brett Tighe
Chief Financial Officer
Joined Okta in 2016 and became CFO in 2022. Owns the guidance the market now trades on: fiscal 2027 revenue of $3.216-3.226 billion, non-GAAP operating margin of 26%, and the free-cash-flow margin that has carried Okta's Rule of 40 score while revenue growth decelerated into the low teens.
Frederic Kerrest
Co-Founder
Co-founded Okta with McKinnon in 2009 and served as COO and then Vice Chairman; also came from Salesforce. The founding pair's bet - that identity is a neutral layer no platform vendor should own - is the argument Okta still makes against Microsoft Entra.
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