Okta, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Okta, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	161	260	399	586	835	1,300	1,858	2,263	2,610	2,919
Cost of revenue	55.9	80.8	113	159	218	396	546	581	618	661
Gross profit	105	176	286	427	617	904	1,312	1,682	1,992	2,258
Research and development	38.7	70.8	102	159	223	469	620	656	642	639
Selling and marketing	111	165	228	340	427	771	1,066	1,036	965	1,018
General and administrative	30.1	51.8	75.1	113	171	432	409	450	448	448
Operating expenses	180	288	405	613	821	1,672	2,124	2,198	2,066	2,109
Operating income	-74.7	-112	-120	-186	-204	-768	-812	-516	-74	149
Interest expense	0	0	15.1	27	73	91	11	8	5	4
Other non-operating income	0.04	1.68	9.18	17.1	13	9	22	81	106	110
Pre-tax income	-74.6	-110	-126	-210	-266	-850	-801	-337	46	255
Income tax	0.43	-0.32	-0.02	-1.42	0	-2	14	18	18	20
Net income	-75.1	-110	-125	-209	-266	-848	-815	-355	28	235
EBITDA	-72.3	-108	-114	-177	-195	-756	-800	-504	-61	162
EPS, basic	-3.94	-1.32	-1.17	-1.78	-2.09	-5.73	-5.16	-2.17	0.16	1.33
EPS, diluted	-3.94	-1.32	-1.17	-1.78	-2.09	-5.73	-5.16	-2.17	0.06	1.31
Shares, basic (weighted)	19	83	108	117	127	148	158	164	170	176
Shares, diluted (weighted)	19	83	108	117	127	148	158	164	175	179

Balance sheet

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	23.3	128	298	520	435	260	264	334	409	858
Short-term investments	14.4	102	265	883	2,122	2,242	2,316	1,868	2,114	1,695
Receivables	34.5	52.2	91.9	130	195	398	481	559	621	687
Other current assets	7.03	17.8	28.2	33	81.6	66	76	106	132	233
Total current assets	92.8	317	708	1,600	2,879	3,041	3,229	2,980	3,416	3,644
Property, plant and equipment	11	12.5	52.9	53.5	62.8	65	59	48	43	38
Lease right-of-use assets			121	125	150	148	122	83	74	65
Goodwill	2.63	6.28	18.1	48	48	5,401	5,400	5,406	5,448	5,487
Intangible assets	9.16	11.8	13.9	32.5	27	317	241	182	138	91
Other non-current assets	4.98	10.4	15.1	18.5	24.3	43	46	48	51	53
Total assets	131	399	984	1,955	3,299	9,206	9,307	8,989	9,437	9,710
Accounts payable	9.39	9.57	2.43	3.84	8.56	20	12	12	13	12
Accrued liabilities	4.3	3.39	21.2	22.5	24.7	48	52	48	207	213
Deferred revenue	108	160	246	365	503	973	1,242	1,488	1,691	1,875
Total current liabilities	134	188	573	547	1,546	1,243	1,465	1,782	2,523	2,554
Lease liabilities			147	155	180	171	142	112	94	72
Other non-current liabilities	6.08	7.02	3.02	5.36	11.4	31	23	30	39	55
Total liabilities	146	200	732	1,550	2,605	3,284	3,841	3,101	3,032	2,711
Paid-in capital	44.5	566	745	1,106	1,656	7,750	7,974	8,724	9,219	9,553
Retained earnings	-288	-367	-492	-701	-967	-1,816	-2,475	-2,830	-2,802	-2,567
Other comprehensive income	-0.17	0.39	-0.32	0.89	5.39	-12	-33	-6	-12	13
Shareholders' equity	-212	199	252	405	693	5,922	5,466	5,888	6,405	6,999
Total equity	-212	199	252	405	693	5,922	5,466	5,888	6,405	6,999
Total liabilities and equity	131	399	984	1,955	3,299	9,206	9,307	8,989	9,437	9,710

Cash flow statement

	FY2018	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	-75.1	-110	-125	-209	-266	-848	-815	-355	28	235
Depreciation and amortization	2.4	4	5.7	8.8	9	12	12	12	13	13
Stock-based compensation	17.1	49.9	76.3	127	195	566	677	684	565	544
Deferred income tax	-0.02	-0.5	-0.75	-2.36	-1	-6	7	7	2	12
Change in receivables	-12	-18.3	-39.7	-37.5	-66	-175	-87	-79	-63	-70
Change in payables	1.53	-2.46	-1.44	1.69	4	7	-6	0	1	-2
Cash from operations	-42.1	-25.2	15.2	55.6	128	104	86	512	750	884
Capital expenditures	-6.25	-6.55	-19.8	-15.4	-13	-13	-12	-8	-8	-9
Acquisitions	0	0	-15.6	-44.3	0	-215	-4	-22	-56	-56
Purchases of investments	0	-129	-631	-999	-2,029	-1,847	-1,411	-1,709	-1,812	-1,505
Sales and maturities of investments	12.5	39.8	299	356	535	1,482	1,308	2,134	1,571	1,848
Cash from investing	6.97	-99.7	-197	-688	-1,305	-367	-130	441	-314	271
Stock issued	2.44	33.6	36.9	45.4	45	53	17	15	27	12
Share buybacks								0	0	-73
Cash from financing	0.46	237	358	853	1,092	89	48	-883	-359	-720
Exchange rate effect	-0.12	0.49	-0.63	-0.21	2	-2	-6	1	-4	14
Net change in cash	-34.8	113	175	221	-83	-176	-2	71	73	449
Free cash flow	-48.4	-31.8	-4.64	40.2	115	91	74	504	742	875
Interest paid		0.02	0.4	0.86	4	6	6	5	3
Income taxes paid	0	0.75	0.51	1.12	1	3	8	13	17	10

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $195.19 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	78.1%	Gross profit / revenue.
Operating margin	7.5%	Operating income / revenue.
Pre-tax margin	10.5%	Pre-tax income / revenue.
Net margin	9.6%	Net income / revenue.
FCF margin	31.9%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	32.1%	Cash from operations / revenue.
Effective tax rate	8.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	4.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.2%	Net income / average total assets.
Return on invested capital (ROIC)	3.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	21.2%	Research and development expense / revenue.
Stock-based pay / revenue	16.4%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.3%	Capital expenditures / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	11.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	16.3%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	28.4%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	13.4%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	19.8%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	29.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	739.3%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	2,083.0%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	17.9%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	117.4%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	47.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	17.9%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	127.8%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	50.1%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	9.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	8.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	58.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	1.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	24.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	2.4%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	4.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	7.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.53x	Current assets / current liabilities.
Quick ratio	1.37x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.14x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	23.7%	Total liabilities / total assets.
Interest coverage	77.3x	Operating income / interest expense.
Working capital	$1.06B	Current assets - current liabilities.
Goodwill and intangibles / assets	60.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.41B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.34x	Revenue / average total assets.
Fixed asset turnover	93.1x	Revenue / average property, plant and equipment.
Receivables turnover	6.55x	Revenue / average receivables.
Days sales outstanding	56 days	365 x average receivables / revenue.
Days payables	5 days	365 x average accounts payable / cost of revenue.
FCF conversion	330.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	0.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.66	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$17.19	Revenue / diluted weighted shares.
FCF per share	$5.48	Free cash flow / diluted weighted shares.
Operating cash flow per share	$5.52	Cash from operations / diluted weighted shares.
Book value per share	$39.00	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$7.86	Tangible book value / shares outstanding.
Cash per share	$12.86	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$33.93B	Share price x shares outstanding.
Enterprise value	$31.63B	Market cap + total debt - cash - short-term investments.
P/E	115x	Market cap / net income. Only when net income is positive.
P/S	11.0x	Market cap / revenue.
P/B	4.87x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	24.1x	Market cap / tangible book value, when positive.
P/FCF	34.7x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	34.4x	Market cap / cash from operations, when positive.
EV/Sales	10.3x	Enterprise value / revenue.
EV/EBIT	136x	Enterprise value / operating income, when both are positive.
EV/FCF	32.3x	Enterprise value / free cash flow, when both are positive.
FCF yield	2.9%	Free cash flow / market cap.
Earnings yield	0.9%	Net income / market cap (the inverse of P/E).

What was Okta, Inc.'s revenue in fiscal 2026?

Okta, Inc. reported revenue of $2.92B for fiscal 2026, 11.8% higher than the year before.

Was Okta, Inc. profitable in fiscal 2026?

Yes. Net income was $235.0M, a net margin of 8.1%.

How much free cash flow did Okta, Inc. generate in fiscal 2026?

Cash from operations of $884.0M minus capital expenditures of $9.0M left free cash flow of $875.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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