Okta is a cloud-native security company specializing in identity and access management. The San Francisco-based firm went public in 2017 and serves two key client stakeholder groups: workforces and customers.
It is a $40.4B technology company. Revenue grew 11.2% over the last year, and it keeps 10¢ of every dollar of sales as profit. It trades at 137.1× earnings — in the most expensive third of its own history.
- Website
- okta.com
- Location
- San Francisco, CA
- Employees
- 6 366
- Sector
- Technology
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Valuation, Profitability, Health and Moat lag behind.
Valuation10
- P/E vs own history87th pct · 0/25
- FCF yield2.4% · 5/25
- P/S13.2x · 5/25
- EV/EBITDA125.6x · 0/25
Growth50
- Revenue CAGR22.4% · 25/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth192.2% · 25/25
Profitability28
- ROIC3.8% · 5/25
- ROE4.3% · 5/25
- Net margin9.6% · 13/25
- Operating margin7.5% · 5/25
Health18
- Altman Zn/a · 0/25
- Current ratio1.53 · 18/25
- Interest coverage-9.3x · 0/25
- Net cash / debtn/a · 0/25
Quality78
- Piotroski F7/9 · 22/25
- Beneish M-2.73 · 25/25
- FCF conversion331% · 25/25
- Margin stabilityσ 21.1% · 6/25
Moat35
- ROIC >12% years0/5 yrs · 0/25
- Median gross margin72.8% · 25/25
- FCF-positive years7/9 yrs · 10/25
- Worst-year net marginworst -65.3% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2026FinancialBest year on record$235M net income
- FY2025FinancialTurned profitable$28.0M net income after a loss year
- FY2022FinancialRevenue crossed $1B$1.30B for the year
- FY2020FinancialPositive free cash flow every year since7-year streak
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (78.1%)
- Revenue growing 11.2% year over year
- Strong cash conversion — FCF is 31.9% of revenue
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Thin interest coverage (-9.3×)
- Loss-making in 7 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+11.2% YoY
- Profitable — makes more than it spends$296M TTM
- Profit growing — earnings are higher than last year+739.3% YoY
- Generates cash — cash left after running and investing$979M TTM
- Debt under control — could handle its obligationscurrent ratio 1.53
- Established company — not a micro-cap — lower blow-up risk$40.4B market cap
- Not printing shares — share count not ballooning — you keep your slice+21.1% shares over ~5y
- Proven track record — years of profitability behind it2/9 profitable years
- Financially stable — balance sheet not near distresshealth score 18/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 137.1
Peer comparisonOkta, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| OKTA this company | $40.4B | 137.1 | +11.2% | 9.6% | Strained |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: OKTA vs NVDA · OKTA vs AAPL · OKTA vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2018–FY2026. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/OKTA
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of OKTA on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $231.31 · market cap $40.4B.