Okta Inc. (OKTA) 10-K Red Flags
Risk signals extracted deterministically from Okta Inc.’s SEC 10-K/10-Q XBRL filings — no LLM, every finding cites the underlying data.
Detected red flags (11)
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 2 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 3.76x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- 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 24.6% to 21.9%. This may signal reduced innovation investment — potentially impacting long-term competitive position. Compare with peer R&D trends.
- Endogenous analysis: 1 positive signal(s) versus 1 risk signal(s). The filing exhibits more constructive indicators than concerns, though individual risk factors should still be monitored.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- Ongoing high-severity risk language: Restatement of financial statements.
- Composite risk: Elevated.
- Liquidity current ratio 1.43 (adequate).
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 2 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 3.76x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
Filings & ownership
- 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.
Full OKTA analyst report
Valuation (DCF & Graham), technicals, macro exposure, risk scorecard and 13F/13D ownership.
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