OKTA - Okta, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$104.50
DETAILS
HIGH:
$134.00
LOW:
$60.00
MEDIAN:
$106.50
CONSENSUS:
$104.50
UPSIDE:
9.26%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue | 2,919 | 2,610 | 2,263 | 1,858 | 1,300 | 835 | 586.1 | 399.3 | 256.5 | 160.8 | 41.0 |
| Cost of Revenue | 661 | 618 | 581 | 546 | 396.4 | 217.7 | 159.4 | 113.4 | 80.8 | 55.9 | 18.7 |
| Gross Profit | 2,258 | 1,992 | 1,682 | 1,312 | 904 | 617 | 426.7 | 285.8 | 175.8 | 104.9 | 22.3 |
| Operating Expenses | |||||||||||
| R&D Expenses | 639 | 642 | 656 | 620 | 469 | 223 | 159.3 | 102.4 | 70.8 | 38.7 | 18.4 |
| SG&A Expenses | 1,466 | 1,413 | 1,486 | 1,475 | 1,203 | 598 | 453.2 | 303.1 | 216.8 | 140.9 | 62.7 |
| Other Expenses | 0 | 11 | 56 | 29 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 2,105 | 2,066 | 2,198 | 2,124 | 1,672 | 821 | 612.5 | 405.5 | 287.6 | 179.5 | 81.1 |
| Operating Income | |||||||||||
| Operating Income | 153 | (74) | (516) | (812) | (768) | (204) | (185.8) | (119.6) | (111.9) | (74.7) | (58.8) |
| Interest Expense | 4 | 5 | 8 | 11 | 91 | 72.7 | 27.0 | 15.1 | 0 | 0 | 0 |
| Interest Income | 110 | 106 | 81 | 22 | 9 | 12.9 | 17.1 | 9.2 | 1.7 | 0 | 0 |
| Profitability | |||||||||||
| EBITDA | 249 | 139 | (245) | (676) | (651) | (156) | (165.5) | (102.4) | (103.2) | (70.1) | (56.9) |
| EBIT | 153 | 51 | (329) | (790) | (759) | (193) | (183.3) | (110.4) | (110.2) | (74.6) | (58.8) |
| Income Before Tax | 255 | 46 | (337) | (801) | (850) | (266) | (210.3) | (125.5) | (110.2) | (74.6) | (59.0) |
| Income Tax Expense | 20 | 18 | 18 | 14 | (2) | 0 | (1.4) | (0.0) | (0.3) | 0.4 | 0.1 |
| Net Income | 235 | 28 | (355) | (815) | (848) | (266) | (208.9) | (125.5) | (109.8) | (75.1) | (59.1) |
| Per Share Data | |||||||||||
| EPS (Basic) | 1.34 | 0.17 | -2.17 | -5.16 | -5.73 | -2.09 | -1.78 | -1.17 | -1.38 | -0.92 | -0.65 |
| EPS (Diluted) | 1.31 | 0.06 | -2.17 | -5.16 | -5.73 | -2.09 | -1.78 | -1.17 | -1.38 | -0.92 | -0.65 |
| Shares Outstanding | 175.9 | 169.6 | 163.6 | 158.0 | 148.0 | 127.2 | 117.2 | 107.5 | 83.0 | 90.8 | 90.8 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 858 | 409 | 334 | 264 | 260 | 434.6 | 520.0 | 298.4 | 127.9 | 23.3 |
| Short-Term Investments | 1,695 | 2,114 | 1,868 | 2,316 | 2,242 | 2,121.6 | 883.0 | 265.4 | 101.8 | 14.4 |
| Net Receivables | 687 | 621 | 559 | 481 | 398 | 194.8 | 130.1 | 93.4 | 52.2 | 34.5 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 233 | 272 | 219 | 168 | 74.4 | 45.9 | 33.6 | 24.2 | 17.8 | 13.5 |
| Total Current Assets | 3,473 | 3,416 | 2,980 | 3,229 | 3,041 | 2,878.6 | 1,599.7 | 708.1 | 317.5 | 92.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 103 | 117 | 131 | 181 | 213 | 212.4 | 178.7 | 174.3 | 12.5 | 11.0 |
| Goodwill | 5,487 | 5,448 | 5,406 | 5,400 | 5,401 | 48.0 | 48.0 | 18.1 | 6.3 | 2.6 |
| Intangible Assets | 91 | 138 | 182 | 241 | 317 | 27.0 | 32.5 | 13.9 | 11.8 | 9.2 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 556 | 318 | 290 | 256 | 234 | 132.8 | 96.4 | 69.9 | 51.2 | 15.0 |
| Total Non-Current Assets | 6,237 | 6,021 | 6,009 | 6,078 | 6,165 | 420.2 | 355.7 | 276.2 | 81.8 | 37.8 |
| Total Assets | 9,710 | 9,437 | 8,989 | 9,307 | 9,206 | 3,298.8 | 1,955.4 | 984.3 | 399.3 | 130.6 |
| Current Liabilities | ||||||||||
| Account Payables | 12 | 13 | 12 | 12 | 20 | 8.6 | 3.8 | 2.4 | 9.6 | 9.4 |
| Short-Term Debt | 350 | 509 | 0 | 0 | 16 | 908.7 | 100.7 | 271.6 | 0 | 0 |
| Deferred Revenue | 1,875 | 1,691 | 1,488 | 1,242 | 973 | 502.7 | 365.2 | 245.6 | 159.8 | 108.0 |
| Other Current Liabilities | 104 | 207 | 136 | 107 | 152 | 75.1 | 41.0 | 20.1 | 13.2 | 9.8 |
| Total Current Liabilities | 2,554 | 2,523 | 1,782 | 1,465 | 1,243 | 1,545.6 | 547.0 | 573.1 | 187.9 | 134.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 349 | 1,154 | 2,193 | 1,816 | 857.4 | 837.0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 16 | 12 | 9 | 3.9 | 1.6 | 0.7 | 0.2 | 0.1 |
| Other Non-Current Liabilities | 55 | 39 | 14 | 11 | 22 | 7.5 | 3.8 | 2.3 | 6.8 | 233.9 |
| Total Non-Current Liabilities | 157 | 509 | 1,319 | 2,376 | 2,041 | 1,059.1 | 1,003.1 | 158.8 | 0 | 0 |
| Total Liabilities | 2,711 | 3,032 | 3,101 | 3,841 | 3,284 | 2,604.8 | 1,550.1 | 731.9 | 187.9 | 134.5 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (2,567) | (2,802) | (2,830) | (2,475) | (1,815.9) | (967.5) | (701.1) | (492.2) | (366.7) | (287.9) |
| Accumulated Other Comprehensive Income | 13 | (12) | (6) | (33) | (12) | 5.4 | 0.9 | (0.3) | 0.4 | (0.2) |
| Total Stockholders' Equity | 6,999 | 6,405 | 5,888 | 5,466 | 5,922 | 694.0 | 405.3 | 252.4 | 199.3 | (15.7) |
| Total Liabilities & Equity | 9,710 | 9,437 | 8,989 | 9,307 | 9,206 | 3,298.8 | 1,955.4 | 984.3 | 387.3 | 118.8 |
| Debt Metrics | ||||||||||
| Total Debt | 422 | 952 | 1,297 | 2,367 | 2,030 | 1,969.0 | 1,104.3 | 429.6 | 0 | 0 |
| Net Debt | (436) | 543 | 963 | 2,103 | 1,770 | 1,534.4 | 584.2 | 131.2 | (127.9) | (23.3) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 235 | 28 | (355) | (815) | (848) | (266) | (208.9) | (125.5) | (109.8) | (75.1) |
| Depreciation & Amortization | 96 | 88 | 84 | 114 | 108 | 37 | 17.8 | 8.0 | 7.0 | 4.6 |
| Stock-Based Compensation | 0.5 | 565 | 684 | 677 | 566 | 195 | 126.6 | 76.3 | 49.9 | 17.1 |
| Change in Working Capital | (143) | (53) | 54 | (7) | 140 | 38 | 51.5 | 20.3 | 10.6 | 0.1 |
| Other Non-Cash Items | 713 | 120 | 39 | 110 | 144 | 125 | 70.8 | 36.8 | 17.7 | 11.2 |
| Operating Cash Flow | 914 | 750 | 512 | 86 | 104 | 128 | 55.6 | 15.2 | (25.2) | (42.1) |
| Investing Activities | ||||||||||
| Capital Expenditure | (9) | (20) | (24) | (23) | (17) | (17) | (27.9) | (22.7) | (12.0) | (11.7) |
| Acquisitions | (56) | (56) | (22) | (4) | (215) | 0 | (44.3) | (15.6) | 0 | 0 |
| Purchases of Investments | (1,505) | (1,812) | (1,709) | (1,411) | (1,847) | (2,029) | (999.4) | (631.5) | (129.1) | 0 |
| Sales/Maturities of Investments | 1,853 | 1,574 | 2,196 | 1,308 | 1,712 | 741 | 383.5 | 471.7 | 41.4 | 18.7 |
| Other Investing Activities | 0 | (12) | (16) | (11) | (4) | (4) | (12.5) | (2.1) | (5.4) | (5.5) |
| Investing Cash Flow | 271 | (314) | 441 | (130) | (367) | (1,305) | (688.0) | (197.3) | (99.7) | 7.0 |
| Financing Activities | ||||||||||
| Net Debt Issuance | (538) | (280) | (937) | 0 | 0 | 1,135 | 816.2 | 335.0 | 0 | 0 |
| Stock Repurchased | (73) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (192) | (79) | 54 | 48 | 89 | (43) | 37.1 | 22.8 | 29.1 | 0.5 |
| Financing Cash Flow | (750) | (359) | (883) | 48 | 89 | 1,092 | 853.4 | 357.8 | 237.4 | 0.5 |
| Cash Position | ||||||||||
| Net Change in Cash | 448 | 73 | 71 | (2) | (176) | (83) | 220.7 | 175.0 | 113.0 | (34.8) |
| Cash at Beginning | 410 | 342 | 271 | 273 | 449 | 532 | 311.2 | 136.2 | 23.3 | 58.1 |
| Cash at End | 858 | 415 | 342 | 271 | 273 | 449 | 532.0 | 311.2 | 136.2 | 23.3 |
| Free Cash Flow | 905 | 730 | 488 | 63 | 87 | 111 | 27.7 | (7.5) | (37.2) | (53.8) |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||
| Revenue | 2,919 | 2,610 | 2,263 | 1,858 | 1,300 | 835 | 586.1 | 399.3 | 256.5 | 160.8 | 41.0 |
| Gross Profit | 2,258 | 1,992 | 1,682 | 1,312 | 904 | 617 | 426.7 | 285.8 | 175.8 | 104.9 | 22.3 |
| Operating Income | 153 | (74) | (516) | (812) | (768) | (204) | (185.8) | (119.6) | (111.9) | (74.7) | (58.8) |
| Net Income | 235 | 28 | (355) | (815) | (848) | (266) | (208.9) | (125.5) | (109.8) | (75.1) | (59.1) |
| EPS (Diluted) | 1.31 | 0.06 | -2.17 | -5.16 | -5.73 | -2.09 | -1.78 | -1.17 | -1.38 | -0.92 | -0.65 |
| Balance Sheet | |||||||||||
| Cash & Equivalents | 858 | 409 | 334 | 264 | 260 | 434.6 | 520.0 | 298.4 | 127.9 | 23.3 | |
| Total Assets | 9,710 | 9,437 | 8,989 | 9,307 | 9,206 | 3,298.8 | 1,955.4 | 984.3 | 399.3 | 130.6 | |
| Total Debt | 422 | 952 | 1,297 | 2,367 | 2,030 | 1,969.0 | 1,104.3 | 429.6 | 0 | 0 | |
| Stockholders' Equity | 6,999 | 6,405 | 5,888 | 5,466 | 5,922 | 694.0 | 405.3 | 252.4 | 199.3 | (15.7) | |
| Cash Flow | |||||||||||
| Operating Cash Flow | 914 | 750 | 512 | 86 | 104 | 128 | 55.6 | 15.2 | (25.2) | (42.1) | |
| Capital Expenditure | (9) | (20) | (24) | (23) | (17) | (17) | (27.9) | (22.7) | (12.0) | (11.7) | |
| Free Cash Flow | 905 | 730 | 488 | 63 | 87 | 111 | 27.7 | (7.5) | (37.2) | (53.8) | |