Okta, Inc. (formerly SaaSure Inc.) is an American identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, websites, web services, and devices. It was founded in 2009 and had its initial public offering in 2017, reaching a valuation of over $6 billion.3Wikipedia text CC BY-SA 4.0
Okta, Inc. (formerly SaaSure Inc.) is an American identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, websites, web services, and devices. It was founded in 2009 and had its initial public offering in 2017, reaching a valuation of over $6 billion.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue10111213146$2.9B in 2026+631% since 2019Gross profit10111213146$2.3B in 2026+690% since 2019Operating income10111213146$149.0M in 2026Net income10111213146$235.0M in 2026
Revenue151617$805.0M in Q2 FY2026+11% since Q2 FY2025Gross profit151617$641.0M in Q2 FY2026+14% since Q2 FY2025Operating income151617$107.0M in Q2 FY2026+161% since Q2 FY2025Net income151617$116.0M in Q2 FY2026+73% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
Total revenue
$2.9B
$2.6B
$2.3B
Total cost of revenue
$661.0M
$618.0M
$581.0M
Gross profit
$2.3B
$2.0B
$1.7B
Research and development
$639.0M
$642.0M
$656.0M
Sales and marketing
$1.0B
$965.0M
$1.0B
General and administrative
$448.0M
$448.0M
$450.0M
Restructuring and other charges
$4.0M
$11.0M
$56.0M
Total operating expenses
$2.1B
$2.1B
$2.2B
Operating income (loss)
$149.0M
-$74.0M
-$516.0M
Interest expense
-$4.0M
-$5.0M
-$8.0M
Interest income and other, net
$110.0M
$106.0M
$81.0M
Gain on early extinguishment of debt
$0
$19.0M
$106.0M
Interest and other, net
$106.0M
$120.0M
$179.0M
Income (loss) before provision for income taxes
$255.0M
$46.0M
-$337.0M
Provision for income taxes
$20.0M
$18.0M
$18.0M
Net income (loss)
$235.0M
$28.0M
-$355.0M
Net income (loss) per share, basic (in dollars per share)
$1.33
$0.16
-$2.17
Net income (loss) per share, diluted (in dollars per share)
$1.31
$0.06
-$2.17
Weighted-average shares used to compute net income (loss) per share, basic (in shares)
175.9M shares
169.6M shares
163.6M shares
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)
179.3M shares
175.1M shares
163.6M shares
No quarter-by-quarter statement was filed.
Total assets1810111213146$9.7B in 2026+886% since 2019Total liabilities1810111213146$2.7B in 2026+270% since 2019Shareholders’ equity111213146$7.0B in 2026+2673% since 2019Cash10111213146$858.0M in 2026+188% since 2019
Total assets19161715$9.1B in Q2 FY2026−4% since Q2 FY2025Total liabilities19161715$2.2B in Q2 FY2026−23% since Q2 FY2025Shareholders’ equity151617$7.0B in Q2 FY2026+3% since Q2 FY2025Cash151617$763.0M in Q2 FY2026−13% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
2023-01-31
Cash and cash equivalents
$858.0M
$409.0M
$334.0M
Short-term investments
$1.7B
$2.1B
Accounts receivable, net
$687.0M
$621.0M
Deferred commissions
$171.0M
$140.0M
Prepaid expenses and other current assets
$233.0M
$132.0M
Total current assets
$3.6B
$3.4B
Property and equipment, net
$38.0M
$43.0M
Operating lease right-of-use assets
$65.0M
$74.0M
Deferred commissions, noncurrent
$332.0M
$267.0M
Intangible assets, net
$91.0M
$138.0M
Goodwill
$5.5B
$5.4B
Other assets
$53.0M
$51.0M
Total assets
$9.7B
$9.4B
Accounts payable
$12.0M
$13.0M
Accrued expenses and other current liabilities
$104.0M
$103.0M
Accrued compensation
$213.0M
$207.0M
Convertible senior notes, net
$350.0M
$509.0M
Deferred revenue
$1.9B
$1.7B
Total current liabilities
$2.6B
$2.5B
Convertible senior notes, net, noncurrent
$0
$349.0M
Operating lease liabilities, noncurrent
$72.0M
$94.0M
Deferred revenue, noncurrent
$30.0M
$27.0M
Other liabilities, noncurrent
$55.0M
$39.0M
Total liabilities
$2.7B
$3.0B
Preferred stock
$0
$0
Additional paid-in capital
$9.6B
$9.2B
Accumulated other comprehensive income (loss)
$13.0M
-$12.0M
Accumulated deficit
-$2.6B
-$2.8B
Total stockholders equity
$7.0B
$6.4B
$5.9B
$5.5B
Total liabilities and stockholders equity
$9.7B
$9.4B
Preferred stock, par value (in dollars per share)
$0.00
$0.00
Preferred stock, authorized (in shares)
100.0M shares
100.0M shares
Preferred stock, issued (in shares)
0 shares
0 shares
Preferred stock, outstanding (in shares)
0 shares
0 shares
Period ending
2026-01-31
2025-01-31
2024-01-31
2023-01-31
Cash and cash equivalents
$858.0M
$409.0M
$334.0M
Short-term investments
$1.7B
$2.1B
Accounts receivable, net
$687.0M
$621.0M
Deferred commissions
$171.0M
$140.0M
Prepaid expenses and other current assets
$233.0M
$132.0M
Total current assets
$3.6B
$3.4B
Property and equipment, net
$38.0M
$43.0M
Operating lease right-of-use assets
$65.0M
$74.0M
Deferred commissions, noncurrent
$332.0M
$267.0M
Intangible assets, net
$91.0M
$138.0M
Goodwill
$5.5B
$5.4B
Other assets
$53.0M
$51.0M
Total assets
$9.7B
$9.4B
Accounts payable
$12.0M
$13.0M
Accrued expenses and other current liabilities
$104.0M
$103.0M
Accrued compensation
$213.0M
$207.0M
Convertible senior notes, net
$350.0M
$509.0M
Deferred revenue
$1.9B
$1.7B
Total current liabilities
$2.6B
$2.5B
Convertible senior notes, net, noncurrent
$0
$349.0M
Operating lease liabilities, noncurrent
$72.0M
$94.0M
Deferred revenue, noncurrent
$30.0M
$27.0M
Other liabilities, noncurrent
$55.0M
$39.0M
Total liabilities
$2.7B
$3.0B
Preferred stock
$0
$0
Additional paid-in capital
$9.6B
$9.2B
Accumulated other comprehensive income (loss)
$13.0M
-$12.0M
Accumulated deficit
-$2.6B
-$2.8B
Total stockholders equity
$7.0B
$6.4B
$5.9B
$5.5B
Total liabilities and stockholders equity
$9.7B
$9.4B
Preferred stock, par value (in dollars per share)
$0.00
$0.00
Preferred stock, authorized (in shares)
100.0M shares
100.0M shares
Preferred stock, issued (in shares)
0 shares
0 shares
Preferred stock, outstanding (in shares)
0 shares
0 shares
Cash from operations10111213146$884.0M in 2026+5727% since 2019Capital spending10111213146$9.0M in 2026−55% since 2019Free cash flow10111213146$875.0M in 2026Share buybacks6$73.0M in 2026
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2026-01-31
2025-01-31
2024-01-31
Net income (loss)
$235.0M
$28.0M
-$355.0M
Stock-based compensation
$544.0M
$565.0M
$684.0M
Depreciation and amortization
$96.0M
$98.0M
$99.0M
Amortization of deferred commissions
$161.0M
$130.0M
$104.0M
Deferred income taxes
$13.0M
$2.0M
$6.0M
Lease impairment charges
$0
$0
$28.0M
Gain on early extinguishment of debt
$0
-$19.0M
-$106.0M
Other, net
$8.0M
-$1.0M
-$2.0M
Accounts receivable
-$70.0M
-$63.0M
-$79.0M
Deferred commissions
-$245.0M
-$186.0M
-$158.0M
Prepaid expenses and other assets
-$33.0M
-$37.0M
-$32.0M
Operating lease right-of-use assets
$18.0M
$20.0M
$23.0M
Accounts payable
-$2.0M
$1.0M
$0
Accrued compensation
$1.0M
$41.0M
$68.0M
Accrued expenses and other liabilities
$1.0M
-$3.0M
$21.0M
Operating lease liabilities
-$30.0M
-$33.0M
-$39.0M
Deferred revenue
$187.0M
$207.0M
$250.0M
Net cash provided by operating activities
$884.0M
$750.0M
$512.0M
Capitalized software
-$12.0M
-$12.0M
-$15.0M
Purchases of property and equipment
-$9.0M
-$8.0M
-$8.0M
Purchases of securities available-for-sale and other
-$1.5B
-$1.8B
-$1.7B
Proceeds from maturities and redemption of securities available-for-sale
$1.8B
$1.6B
$2.1B
Proceeds from sales of securities available-for-sale and other
$5.0M
$3.0M
$62.0M
Payments for business acquisitions, net of cash acquired
-$56.0M
-$56.0M
-$22.0M
Purchases of intangible assets
$0
$0
-$1.0M
Net cash provided by (used in) investing activities
$271.0M
-$314.0M
$441.0M
Payments upon maturity and repurchases of convertible senior notes
-$510.0M
-$280.0M
-$937.0M
Taxes paid related to net share settlement of equity awards
-$192.0M
-$148.0M
$0
Payments for warrants related to convertible senior notes
$0
$0
-$7.0M
Proceeds from settlement of capped calls related to convertible senior notes
$2.0M
$0
$0
Repurchases of common stock
-$73.0M
$0
$0
Proceeds from stock option exercises
$12.0M
$27.0M
$15.0M
Proceeds from shares issued in connection with employee stock purchase plan
$41.0M
$42.0M
$46.0M
Net cash used in financing activities
-$720.0M
-$359.0M
-$883.0M
Effects of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash
$14.0M
-$4.0M
$1.0M
Net increase in cash, cash equivalents and restricted cash
$449.0M
$73.0M
$71.0M
Unsettled common stock repurchases
$6.0M
$0
$0
Unsettled maturities of securities available-for-sale
$69.0M
$0
$0
Operating lease right-of-use assets exchanged for lease liabilities
Okta sits at the top of its group. 23 entities, 20 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Okta
FMR LLCFiled SCHEDULE 13G/A on Okta, latest Aug 7, 2026 (9 filings since Nov 10, 2021)
Okta Identity Philippines Inc. Subsidiary · Philippines
Okta Identity Spain, S.L. Subsidiary · Spain
Okta International, LLC Subsidiary · Delaware, United States
Okta Italy S.r.l. Subsidiary · Italy
Okta Japan K.K. Subsidiary · Japan
Okta Poland sp. z o.o. Subsidiary · Poland
Okta SG Pte. Ltd. Subsidiary · Singapore
Okta Software Canada, Inc. Subsidiary · Canada
Okta Switzerland GmbH Subsidiary · Switzerland
Okta UK LTD Subsidiary · United Kingdom
SaaSure Mexico, S. de R.L. de C.V. Subsidiary · Mexico
SaaSure Sweden AB Subsidiary · Sweden
Spera Cybersecurity Ltd. Subsidiary · Israel
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Okta reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Our corporate headquarters is located in San Francisco, California, where we currently lease approximately 285,996 square feet under a lease, as amended, that expires in October 2028. We are entitled to two five-year options to extend this lease, subject to certain requirements. We sublease approximately 99,807 square feet of space under this lease to third parties.
We also lease space in various locations in the Americas, Europe and Asia-Pacific.
The rest of Item 2
We believe that our facilities are suitable to meet our current needs. We intend to add new facilities, as necessary, as we add employees and enter new geographic markets, and we believe that suitable additional or alternative space will be available as needed to accommodate any such growth.
Okta was co-founded in 2009 as SaaSure Inc. by Todd McKinnon and Frederic Kerrest, who previously worked together at Salesforce. In 2010, it changed its name to Okta, from the meteorological unit for cloud cover.
In 2015, the company raised US$75 million in venture capital from Andreessen Horowitz, Greylock Partners, and Sequoia Capital, at a total initial valuation of US$1.2 billion.
In 2017, Okta held its initial public offering (IPO), opening on Nasdaq at $17.00 per share, trading up on its first day, to raise an additional US$187 million. At the time of its IPO, Sequoia Capital was the biggest shareholder, with a 21.2 percent stake.
In January 2019, Okta reported over 100 million registered users.
In March 2021, Okta signed a definitive agreement to acquire Auth0 for $6.5 billion. The deal closed in May 2021. In August 2021, Okta acquired atSpoke for $90 million. In December 2023, Okta acquired security firm Spera for approximately $100–130 million.
Okta sells six services, including a single-sign-on service that allows users to log into a variety of systems using a single centralized process; for example, the company claims the ability to log into Gmail, Workday, Salesforce, and Slack with one login. It also offers API authentication services.
Okta's services are built on the Amazon Web Services cloud.
Okta runs an annual “Oktane” user conference, which in 2018 featured former US President Barack Obama as a keynote speaker.
From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Controversies and legal
Security incidents
On March 9, 2021, hacking collective "Advanced Persistent Threat 69420" breached an Okta office network through a security failure in the company's Verkada camera setup. They were able to download security footage from the cameras. One member of the group, Maia Arson Crimew, also revealed that the group had gained root shell access to the network. In a blog post the next-day, Okta Chief Security Officer David Bradbury minimized the root shell as an "internal support tool" of the camera manufacturer Verkada. However, the shell would have given the hackers full access to execute any commands on the network, and Cloudflare admitted that a similar hack by the group on that company's network provided them with the same level of access. Bradbury also said that the threat was contained to an isolated network.
On March 22, 2022, the hacking group LAPSUS$ posted screenshots claiming to be from Okta internal systems. The next day, Okta concluded that a maximum of 366 of its customers data may potentially have been impacted, further stating that the breach originated with a computer used by one of Okta's third-party customer support engineers to which the hackers had access.
In December 2022, Okta's source code was stolen when a hacker gained access to its GitHub repository.
In early October 2023, Okta was notified of a breach resulting in hackers stealing HTTP access tokens from Okta's support platform by BeyondTrust. Okta denied the incident for a number of weeks, but later recognized that a breach had occurred. Customers impacted by the Okta breach included Caesars Entertainment, MGM Resorts International, 1Password, and Cloudflare. On November 29, 2023, it became known that the security incident affected all Okta customers.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
547 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 43 major events, 341 insider forms, 34 large holders, 109 other. The latest 20:
150 open-market trades by officers, directors and large owners since October 2021: 1 buys and 149 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).20
Risk factors and legal proceedings
The risks Okta names in Item 1A of its 10-K filed Mar 5, 2026: 58 risks under these headings, as written.20
Risks Related to Our Business and Industry
Adverse general economic, market and industry conditions and reductions in workforce identity and customer identity spending have, in the past and may, in the future, reduce demand for our solutions, which could harm our revenue, results of operations and cash flows.
Our business depends on our ability to retain existing customers, and our revenues and results of operations could be adversely impacted if they do not renew their subscriptions or purchase additional licenses or subscriptions with us.
If we are unable to grow our customer base, our revenue growth and profitability could be harmed.
We face intense competition, especially from larger, well-established companies, and we may lack sufficient financial or other resources to maintain or improve our competitive position.
If we fail to adapt to rapid technological change, our ability to remain competitive could be impaired.
Our ability to introduce new solutions is dependent on adequate research and development resources and, in part, on our ability to successfully complete acquisitions. If we do not adequately fund our research and development efforts or complete acquisitions successfully, we may not be able to compete effectively and our business and results of operations may be harmed.
We may experience quarterly fluctuations in our results of operations due to a number of factors that make our future results difficult to predict and could cause our results of operations to fall below analyst or investor expectations.
Our prior revenue growth rates may not be indicative of our future growth or performance.
Our growth depends, in part, on the success of our strategic relationships with third parties.
Because our long-term success depends, in part, on our ability to expand the sales of our solutions to customers located outside of the United States, our business will be susceptible to risks associated with international operations.
Future acquisitions, investments, partnerships or alliances could be difficult to identify and integrate, divert the attention of management personnel, disrupt our business, dilute stockholder value and harm our results of operations and financial condition.
The other 47 risks
Our financial results may fluctuate due to increasing variability in our sales cycles.
Various factors may cause implementation of our solutions to be delayed, inefficient or otherwise unsuccessful.
A portion of our revenues are generated by sales to public sector entities, which are subject to a number of challenges and risks.
If we fail to enhance our brand cost-effectively, our ability to expand our customer base will be impaired and our business, results of operations and financial condition may suffer.
We may not set optimal prices for our solutions.
If we are not able to consistently generate cash flows or raise additional capital necessary to expand our operations and invest in new technologies in the future could reduce our ability to compete successfully and harm our results of operations.
We may be subject to liability claims if we breach our contracts and our insurance may be inadequate to cover our losses.
Evolving and complex scrutiny of sustainability matters may require us to incur additional costs or otherwise adversely impact our reputation or business.
Risks Related to Intellectual Property, Infrastructure Technology, Data Privacy and Security
Interruptions or performance problems that impact the functionality of our technology, systems or infrastructure could result in delays in the deployment of our platforms.
In the past, we have experienced cybersecurity incidents that allowed unauthorized access to our systems or data or our customers’ data, harmed our reputation, created additional liability and adversely impacted our financial results. We and our third-party service providers may experience similar incidents in the future which may also include disabling access to our service.
Any actual or perceived failure by us, our third-party service providers or our customers to comply with new or existing laws, regulations or other requirements relating to the privacy, security and processing of personal information could adversely affect our business, results of operations or financial condition.
If we fail to maintain our security attestations and certifications, our business, results of operations and financial condition may suffer.
We provide service level commitments under our customer contracts. If we fail to meet these contractual commitments, we could be obligated to provide credits for future service, which could harm our business, results of operations and financial condition.
If we are unable to ensure that our solutions integrate or interoperate with a variety of operating systems, platforms, services, software applications devices, mobile phones and other hardware form factors that are developed by others, our platforms may become less competitive and our results of operations may be harmed.
Interruptions or delays in the services provided by third-party data centers or internet service providers have, in the past and could, in the future, impair the delivery of our platforms and our business could suffer.
We rely on software and services from other parties. Defects in or the loss of access to software or services from third parties could increase our costs and adversely affect the quality of our solutions.
Real or perceived errors, failures, vulnerabilities or bugs in our solutions, including deployment complexity, have in the past and could, in the future, harm our business and results of operations.
Issues with our use, development, adoption, deployment and maintenance of AI Technologies, combined with an uncertain regulatory environment, may result in reputational harm, liability or other adverse consequences to our business operations.
If we fail to adequately protect our proprietary rights, our competitive position could be impaired and we may lose valuable assets, generate less revenue and incur costly litigation to protect our rights.
We have in the past and may, in the future, be subject to infringement claims, which could result in significant damage awards that could harm our results of operations.
We use open source software in our platforms, which could negatively affect our ability to offer our solutions and subject us to litigation or other actions.
Indemnity provisions in various agreements potentially expose us to substantial liability for intellectual property infringement and other losses.
Risks Related to Legal, Accounting and Tax Matters
Because we generally recognize revenue from our subscriptions and support services over the term of the relevant service period, a decrease in sales during a reporting period may not be immediately reflected in our results of operations for that period.
We face exposure to foreign currency exchange rate fluctuations.
We are subject to anti-corruption, anti-bribery and similar laws, and non-compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation.
We are subject to governmental export controls and economic sanctions laws that could impair our ability to compete in international markets and subject us to liability if we are not in full compliance with applicable laws.
Our international operations may give rise to potentially adverse tax consequences.
Changes in tax laws or regulations in the various tax jurisdictions we are subject to that are applied adversely to us or our customers could increase the costs of our solutions and harm our business.
Our business may be subject to additional obligations to collect and remit sales tax and other taxes, and we may be subject to tax liability for past sales. Any successful action by state, foreign or other authorities to collect additional or past sales tax could harm our business.
Our ability to use our U.S. net operating loss carry-forwards and certain other tax attributes may be limited.
If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
Changes in existing financial accounting standards or practices, or taxation rules or practices, may harm our results of operations.
If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
Risks Related to Ownership of Our Class A Common Stock
The stock price of our Class A common stock may be volatile or may decline.
Sales of a substantial number of shares of our Class A common stock in the public markets, or the perception that sales might occur, could cause the market price of our Class A common stock to decline.
We cannot guarantee that our Share Repurchase Program will be fully consummated or will enhance long-term stockholder value, and stock repurchases could increase the volatility of the trading price of our Class A common stock and diminish our cash reserves.
If securities or industry analysts do not publish or cease publishing research, or publish inaccurate or unfavorable research, about our business, the price of our Class A common stock and trading volume could decline.
We do not intend to pay dividends for the foreseeable future.
Provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current board and limit the market price of our Class A common stock.
Our amended and restated bylaws designate a state or federal court located within the State of Delaware as the exclusive forum for certain litigation that may be initiated by our stockholders, which could limit stockholders’ ability to obtain a favorable judicial forum for disputes with us.
Risks Related to our Outstanding Convertible Notes
Servicing our debt may require a significant amount of cash. We may not have sufficient cash flow from our business to pay our indebtedness.
We may not have the ability to raise the funds necessary for cash settlement upon conversion of the 2026 Notes or to repurchase them for cash upon a fundamental change, and our future debt may contain limitations on our ability to pay cash upon conversion of the 2026 Notes or to repurchase the 2026 Notes.
The conversion features of the 2026 Notes, if triggered, may adversely affect our financial condition and results of operations.
Transactions relating to the 2026 Notes may affect the value of our Class A common stock.
General Risk Factors
We depend on our executive officers and other key employees, and the loss of one or more of these employees or an inability to attract and retain other highly skilled employees could harm our business.
Catastrophic events may disrupt our business.
Legal proceedings
The information set forth under “Legal Matters” in Note 10 to our consolidated financial statements “Commitments and Contingencies” is incorporated by reference herein.
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