OKTA
Okta, Inc.90.59
+2.39+2.71%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
16.06BP/E (TTM)
82.35Basic EPS (TTM)
1.10Dividend Yield
0%Recent Filings
10-Q
8-K
10-Q
Q2 FY2026 results
Okta posted solid Q2 FY2026 results, with revenue climbing 13% year-over-year to $728 million, fueled by 12% subscription growth to $711 million, while professional services added a 24% bump. Gross margin edged up to 77%, and operating income flipped to a $41 million profit from last year's $19 million loss, thanks to tighter spend on R&D and sales. Diluted EPS hit $0.37, aligning with 181 million shares, while YTD figures show $1.4 billion revenue up 12% and $0.72 EPS on $129 million net income. Cash swelled to $876 million with $408 million operating cash flow, though free cash flow isn't disclosed in the 10-Q; total debt sits at $859 million, maturing soon. A pending Axiom Security acquisition eyes privileged access boosts. Yet cybersecurity threats loom large.
8-K
Okta Q2 revenue up 13%
Okta reported Q2 FY2026 revenue of $728 million, up 13% year-over-year, with subscription revenue at $711 million growing 12%. RPO surged 18% to $4.152 billion, while cRPO rose 13% to $2.265 billion; non-GAAP operating income hit $202 million, or 28% margin. Strong cash flow of $162 million free cash underscores operational resilience, yet the pending settlement of derivative lawsuits—preliminarily approved August 18, 2025, for final hearing October 24—commits Okta to five-year governance reforms bolstering cybersecurity oversight and disclosures. Reforms mitigate litigation risks but demand sustained compliance.
8-K
Okta appoints two directors
Okta expanded its board from eight to ten directors, appointing David Schellhase as an independent Class III director and Mary Agnes Wilderotter as a non-independent Class II director, effective August 13, 2025. Schellhase, with legal expertise from Slack and Salesforce, joins the Compensation and Nominating Committees; Wilderotter, ex-CEO of Frontier and interim DocuSign leader, takes Cybersecurity Risk and M&A seats. Their insights sharpen Okta's edge in AI security and identity leadership. New directors get $35,000 annual pay plus 5,826 vesting RSUs.
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