OKTA
Okta, Inc.90.59
+2.39+2.71%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '26
AI agents sizzle; guide unchanged
Q&A amplified AI agent enthusiasm with early wins, pipeline buildup, and pricing via human multipliers or connection counts, but too nascent for FY'27 guide impact—upside eyed for FY'28+. Management detailed pro services shift to GSIs for faster large-deal scaling, reaffirming stable GTM with rising productivity. Competition concerns brushed off; Okta's dual infrastructure-security moat unthreatened. NRR flat on soft upsell despite rock-solid gross retention. AI hype energizes, but investors watch upsell kick-in and agent adoption pace.
Key Stats
Market Cap
16.06BP/E (TTM)
82.35Basic EPS (TTM)
1.10Dividend Yield
0%Recent Filings
10-K
FY2026 results
Okta drove FY2026 revenue to $2.9B, up 12% y/y, with subscription revenue hitting $2.9B as existing customers expanded via a 106% dollar-based net retention rate and large accounts grew to 5,100 with ACV over $100K. Q4 momentum shone through current RPO of $2.5B, up from prior year, signaling steady demand amid macro headwinds, while gross margin ticked to 77% on hosting efficiencies. Operating income flipped to $149M positive, fueled by sales productivity; cash from operations surged to $884M. Yet share repurchases totaling $79M and $350M maturing 2026 Notes loom large. Cybersecurity incidents remain a persistent drag on quarterly trust.
8-K
Okta Q4 revenue up 11%
Okta reported Q4 revenue of $761M, up 11% year-over-year, with full-year revenue hitting $2.919B, also up 12%. GAAP operating income swung to $149M from a $74M loss, while RPO grew 15% to $4.827B. Guidance tempers FY27 revenue growth at 9%, citing partner shifts and lower interest income. Cash flows strong, yet macro headwinds loom.
8-K
Okta launches $1B buyback
Okta announced a $1 billion share repurchase program for its Class A common stock on January 5, 2026, effective immediately. The board signals confidence in long-term opportunities and undervalued shares, funding buys with cash and operations cash flow. No fixed expiration. Flexible execution aids capital return.
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