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Okta Inc.
OKTATechnologyGenerated Jul 5, 2026, 08:14 PM UTC
OKTA (Okta Inc.) analytical snapshot. Revenue grew +21.8% YoY to $2.26B. Net margin at -15.69% (expanding ▲). Return on equity -6.49%, ROA -3.76%, ROIC -9.44%. Valuation could not be computed. Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score 15 (data confidence 64%). Descriptive analytics from public filings — not investment advice.
Price
$141.42
NMS
Revenue (FY)
$2.26B
YoY +21.8%
Net margin
-15.69%
▲ 16.17pp
Free cash flow
$504.0M
22.27% margin
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 65Improving
80% conf
Revenue grew +21.8% YoY to $2.26B. Net margin at -15.69% (expanding ▲). Return on equity -6.49%, ROA -3.76%, ROIC -9.44%.
- Revenue grew +21.8% YoY to $2.26B.
- Net margin at -15.69% (expanding ▲).
- Return on equity -6.49%, ROA -3.76%, ROIC -9.44%.
- Gross margin 74.33%, operating margin -22.80%.
- Free cash flow margin 22.27% ($504.0M).
- Net income up ▲ +56.4% YoY.
- Asset turnover 0.24 — capital efficiency.
Revenue (FY)
$2.26B
YoY +21.8%
Net margin
-15.69%
▲ 16.17pp
ROE
-6.49%
ROA -3.76%
ROIC
-9.44%
EPS (diluted)
$-2.17
FY2026
Free cash flow
$504.0M
22.27% margin
Debt / equity
—
Cash $762.0M
Current ratio
1.43
Equity $6.90B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | -$45.6M | 65.11 |
| 2019 | $160.8M | — | 65.21 | -46.43 | -46.67 | -$48.4M | 47.42 |
| 2020 | $256.5M | +59.5% | 68.52 | -43.60 | -42.82 | -$31.8M | 51.73 |
| 2021 | $399.3M | +55.6% | 71.59 | -29.96 | -31.43 | -$4.6M | -62.96 |
| 2022 | $586.1M | +46.8% | 72.80 | -31.71 | -35.65 | $40.2M | -82.78 |
| 2023 | $835.0M | +42.5% | 73.89 | -24.43 | -31.86 | $115.0M | -65.68 |
| 2024 | $1.30B | +55.7% | 69.54 | -59.08 | -65.23 | $91.0M | -122.37 |
| 2025 | $1.86B | +42.9% | 70.61 | -43.70 | -43.86 | $74.0M | -13.76 |
| 2026 | $2.26B | +21.8% | 74.33 | -22.80 | -15.69 | $504.0M | -6.49 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Apr 30, 2025 | $688.0M | +11.5% | — | 9.01% |
| Jul 31, 2025 | $1.42B | +12.1% | +105.8% | 9.11% |
| Jul 31, 2025 | $728.0M | -42.4% | -48.6% | 17.72% |
| Oct 31, 2025 | $2.16B | +11.9% | +196.4% | 7.97% |
| Oct 31, 2025 | $742.0M | -61.5% | -65.6% | 23.18% |
| Apr 30, 2026 | $765.0M | +11.2% | +3.1% | 9.67% |
Revenue (annual, SEC 10-K)
2018: 0
2019: 161
2020: 257
2021: 399
2022: 586
2023: 835
2024: 1,300
2025: 1,858
2026: 2,263
2018
2019
2020
2021
2022
2023
2024
2025
2026
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2018: -46
2019: -48
2020: -32
2021: -5
2022: 40
2023: 115
2024: 91
2025: 74
2026: 504
2018
2019
2020
2021
2022
2023
2024
2025
2026
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 20Improving
80% conf
Latest annual report (10-K) filed Mar 5, 2026. Latest quarterly report (10-Q) filed May 29, 2026. 9 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Mar 5, 2026.
- Latest quarterly report (10-Q) filed May 29, 2026.
- 9 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Okta Inc.; broad institutional reporting.
- Recent filers include MAPLELANE CAPITAL, LLC, Verde Servicos Internacionais S.A., COATUE MANAGEMENT LLC.
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
Mar 5, 2026
Annual report
Latest 10-Q
May 29, 2026
8-K (recent)
9
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| MAPLELANE CAPITAL, LLC | 13F-HR | May 14, 2026 |
| Verde Servicos Internacionais S.A. | 13F-HR | May 4, 2023 |
| COATUE MANAGEMENT LLC | 13F-HR | Feb 14, 2025 |
| Verde Servicos Internacionais S.A. | 13F-HR | Jan 24, 2023 |
| Atika Capital Management LLC | 13F-HR | Nov 14, 2019 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 23, 2026 | 8-K | 8-K |
| May 28, 2026 | 8-K | 8-K |
| Apr 22, 2026 | 8-K | 8-K |
| Mar 23, 2026 | 8-K | 8-K |
| Mar 11, 2026 | 8-K | 8-K |
| Mar 4, 2026 | 8-K | 8-K |
| Jan 5, 2026 | 8-K | 8-K |
| Dec 19, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -50Deteriorating
66% conf
3 risk signal(s), 1 positive signal(s), 2 watch item(s) detected from XBRL filing diff analysis. 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- NEW: Going concern doubt in latest filing: The term "going concern" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- Material weakness in internal controls: The term "material weakness" appears in 8 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 7 filing(s).
- Gross margin expansion: Gross margin expanded +3.7%pp (from 70.6% to 74.3%), indicating improved pricing power, cost efficiency, or favorable product mix.
- Goodwill is 59% of total assets: Goodwill of $5.49B represents a large share of the balance sheet. If acquired businesses underperform, a non-cash impairment charge could materially impact earnings. Monitor segment performance and acquisition integration metrics.
- R&D intensity declining: R&D as % of revenue fell from 33.4% to 29.0%. This may signal reduced innovation investment — potentially impacting long-term competitive position. Compare with peer R&D trends.
- Endogenous analysis: 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Going concern doubt, Restatement of financial statements.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$2.26B
+21.8% YoY
Gross profit
$1.68B
+28.2% YoY
Operating income
$-516.0M
+36.5% YoY
Net income
$-355.0M
+56.4% YoY
Operating cash flow
$512.0M
+495.3% YoY
Capex
$8.0M
-33.3% YoY
Total assets
$9.44B
+5.0% YoY
Total liabilities
$3.03B
-2.2% YoY
Filing quality score
70/100
stable
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $1.86B | $2.26B | $405.0M | +21.8% |
| Gross profit | $1.31B | $1.68B | $370.0M | +28.2% |
| Operating income | $-812.0M | $-516.0M | $296.0M | +36.5% |
| Net income | $-815.0M | $-355.0M | $460.0M | +56.4% |
| Operating cash flow | $86.0M | $512.0M | $426.0M | +495.3% |
| Capex | $12.0M | $8.0M | $-4.0M | -33.3% |
| Total assets | $8.99B | $9.44B | $448.0M | +5.0% |
| Total liabilities | $3.10B | $3.03B | $-69.0M | -2.2% |
| Cash & equivalents | $264.0M | $334.0M | $70.0M | +26.5% |
| Stockholders equity | $5.92B | $5.47B | $-456.0M | -7.7% |
| Accounts receivable | $559.0M | $621.0M | $62.0M | +11.1% |
| R&D expense | $620.0M | $656.0M | $36.0M | +5.8% |
| Interest expense | $73.0M | $91.0M | $18.0M | +24.7% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AdvertisingExpense, AllowanceForDoubtfulAccountsReceivableCurrent, AmortizationOfIntangibleAssets, ConvertibleDebtNoncurrent, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredForeignIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 2 | 0 | NEW |
| Material weakness in internal controls | high | 8 | 2 | Ongoing |
| Restatement of financial statements | high | 7 | 0 | NEW |
| Impairment charge | medium | 9 | 2 | Ongoing |
| Restructuring | medium | 33 | 8 | Ongoing |
| Off-balance sheet arrangements | medium | 21 | 2 | Ongoing |
| Related party transactions | low | 12 | 2 | Ongoing |
Filing signal breakdown
Red flags: 3
Positive: 1
Watch: 2
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket price (Yahoo) or shares outstanding (SEC DEI) unavailable; multiples could not be computed.
- ProPrice & TechnicalsPrice $141.42 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Elevated.
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Okta Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewRevenue grew **+21.8%** YoY to $2.26B..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow OKTA stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Marathon Petroleum MPC | 25 | Supportive |
| Nike Inc. NKE | 24 | Supportive |
| Airbnb Inc. ABNB | 22 | Supportive |
| Datadog Inc. DDOG | 16 | Supportive |
| Okta Inc. OKTA● you | 15 | Supportive |
| Valero Energy VLO | 13 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| Marriott International MAR | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| Snowflake Inc. SNOW | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| General Motors Co. GM | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Nucor Corp. NUE | 5 | Supportive |
| Shopify Inc. SHOP | 5 | Supportive |
| Ulta Beauty Inc. ULTA | 5 | Supportive |
| Pinterest Inc. PINS | 5 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Microchip Technology MCHP | 3 | Supportive |
| Warner Bros Discovery WBD | 3 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| General Dynamics GD | 1 | Supportive |
| Roku Inc. ROKU | 1 | Supportive |
| Lockheed Martin LMT | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| MercadoLibre Inc. MELI | -1 | Supportive |
| EOG Resources EOG | -2 | Supportive |
| Applied Materials Inc. AMAT | -2 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
| Spotify Technology SPOT | -3 | Supportive |
| Energy Transfer ET | -3 | Supportive |
| Meta Platforms Inc. META | -4 | Supportive |
| Uber Technologies UBER | -4 | Supportive |
| Phillips 66 PSX | -4 | Supportive |
| United Airlines Holdings UAL | -5 | Supportive |
| Caterpillar Inc. CAT | -5 | Supportive |
| Alibaba Group BABA | -5 | Supportive |
| Comcast Corp. CMCSA | -6 | Supportive |
| TJX Cos. TJX | -6 | Supportive |
| Starbucks Corp. SBUX | -6 | Supportive |
| Schlumberger N.V. SLB | -7 | Supportive |
| Workday Inc. WDAY | -7 | Supportive |
| McDonald's Corp. MCD | -7 | Supportive |
| Micron Technology MU | -8 | Supportive |
| CF Industries CF | -8 | Supportive |
| Lam Research Corp. LRCX | -8 | Supportive |
| Albemarle Corp. ALB | -8 | Supportive |
| Delta Air Lines DAL | -8 | Supportive |
| Yum Brands Inc. YUM | -8 | Supportive |
| Linde plc LIN | -9 | Supportive |
| Home Depot Inc. HD | -10 | Supportive |
| Sherwin-Williams SHW | -10 | Supportive |
| Chipotle Mexican Grill CMG | -10 | Supportive |
| Old Dominion Freight ODFL | -10 | Supportive |
| Salesforce Inc. CRM | -11 | Supportive |
| Netflix Inc. NFLX | -12 | Supportive |
| Union Pacific Corp. UNP | -12 | Supportive |
| Norfolk Southern NSC | -13 | Supportive |
| Air Products & Chemicals APD | -13 | Supportive |
| Exxon Mobil Corp. XOM | -14 | Supportive |
| Palo Alto Networks PANW | -14 | Supportive |
| Royal Caribbean Group RCL | -15 | Supportive |
| Apple Inc. AAPL | -15 | Supportive |
| ConocoPhillips COP | -15 | Supportive |
| Zscaler Inc. ZS | -15 | Supportive |
| Occidental Petroleum OXY | -15 | Supportive |
| Devon Energy DVN | -16 | Supportive |
| Kinder Morgan KMI | -16 | Supportive |
| Cisco Systems Inc. CSCO | -16 | Supportive |
| CSX Corp. CSX | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Tesla Inc. TSLA | -17 | Supportive |
| Walt Disney Co. DIS | -17 | Supportive |
| Dow Inc. DOW | -17 | Supportive |
| ON Semiconductor Corp. ON | -18 | Supportive |
| Oracle Corp. ORCL | -18 | Supportive |
| CrowdStrike Holdings CRWD | -18 | Supportive |
| Mosaic Co. MOS | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Dollar General Corp. DG | -20 | Supportive |
| Eaton Corp. ETN | -22 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -22 | Supportive |
| 3M Co. MMM | -23 | Supportive |
| Lowe's Cos. LOW | -24 | Supportive |
| Honeywell International HON | -24 | Supportive |
| Texas Instruments TXN | -25 | Supportive |
| Qualcomm Inc. QCOM | -25 | Supportive |
| Marvell Technology MRVL | -29 | Supportive |
| Verizon Communications VZ | -30 | Supportive |
| Intel Corp. INTC | -31 | Supportive |
| ServiceNow Inc. NOW | -33 | Supportive |
| Newmont Corp. NEM | -34 | Supportive |
| Autodesk Inc. ADSK | -34 | Supportive |
| Broadcom Inc. AVGO | -35 | Supportive |