OKTANasdaqServices-Prepackaged SoftwareFiscal year ends January 31
Okta, Inc.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 27, 2026
$189.93+2.67 (+1.43%)
Close on Oct 19, 2026
- Market cap
- $33.96B
- P/E (TTM)
- 114.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2015 to 2026
Gross margin
77.4%+3.5 pts over 5 years
Operating margin
5.1%+29.5 pts over 5 years
Net margin
8.1%+39.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.8% | +16.3% | +28.4% | +42.3% | |
| Gross profit | +13.4% | +19.8% | +29.6% | +46.4% | |
| Net income | +739.3% | – | – | – | |
| EPS, diluted | +2083.3% | – | – | – | |
| Free cash flow | +17.9% | +127.8% | +50.1% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 40.5% | -48.5% | 3.5% | |
| Return on assets | – | -10.1% | 2.5% | |
| Current ratio | 0.69 | 1.86 | 1.43 | |
| Interest coverage | – | -2.8× | 37.3× | |
| Capex to revenue | 3.9% | 1.6% | 0.3% | |
| Diluted shares | 19M | 127M | 179M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Okta generated $2.34B from operations and spent $123.00M on capital expenditure, dividends and share buybacks. 41% of that went back into the business.
Generated
$2.34B
Used
$123.00M
Capital expenditure$50.00M41%Dividends$00%Share buybacks$73.00M59%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.1%
×Asset turnover0.30×
×Equity multiplier1.43×
=Return on equity, FY20263.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 8.1% | 0.30× | 1.43× | 3.5% |
| FY2025 | 1.1% | 0.28× | 1.50× | 0.5% |
| FY2024 | -15.7% | 0.25× | 1.61× | -6.3% |
| FY2023 | -43.9% | 0.20× | 1.63× | -14.3% |
| FY2022 | -65.2% | 0.21× | 1.89× | -25.6% |
| FY2021 | -31.9% | 0.32× | 4.79× | -48.5% |
| FY2020 | -35.6% | 0.40× | 4.47× | -63.6% |
| FY2019 | -31.4% | 0.58× | 3.06× | -55.6% |
| FY2018 | -42.8% | 0.97× | -40.70× | 1687.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$235.00M
- Cash generatingOperating cash flow above zero$884.00M
- Return on assets improvedROA up on the prior year0.3% → 2.5%
- Earnings backed by cashOperating cash flow above net income$884.00M vs $235.00M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.35 → 1.43
- No dilutionShare count did not rise175M → 179M
- Gross margin improvedGross margin up on the prior year76.32% → 77.36%
- More efficientAsset turnover rose0.29 → 0.31