Okta (OKTA) financial statements
Okta reported revenue of $2.9B in fiscal 2026, up 38.0% a year over 9 years.
Net income was $235M and the operating margin 5.1%, against -46.4% in 2017.
Free cash flow was $863M, and the company returned $73M in net buybacks.
The diluted share count rose 842% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Okta's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $161M | $257M | $399M | $586M | $835M | $1.3B | $1.9B | $2.3B | $2.6B | $2.9B |
| Cost of revenue | $56M | $81M | $113M | $159M | $218M | $396M | $546M | $581M | $618M | $661M |
| Gross profit | $105M | $176M | $286M | $427M | $617M | $904M | $1.3B | $1.7B | $2.0B | $2.3B |
| Research and development | $39M | $71M | $102M | $159M | $223M | $469M | $620M | $656M | $642M | $639M |
| Selling, general and admin | $141M | $217M | $303M | $453M | $598M | $1.2B | $1.5B | $1.5B | $1.4B | $1.5B |
| Operating income | -$75M | -$112M | -$120M | -$186M | -$204M | -$768M | -$812M | -$516M | -$74M | $149M |
| Interest expense | $0 | $0 | $15M | $27M | $73M | $91M | $11M | $8M | $5M | $4M |
| Pre-tax income | -$75M | -$110M | -$126M | -$210M | -$266M | -$850M | -$801M | -$337M | $46M | $255M |
| Income tax | $425,000 | -$321,000 | -$17,000 | -$1M | $0 | -$2M | $14M | $18M | $18M | $20M |
| Net income | -$75M | -$110M | -$125M | -$209M | -$266M | -$848M | -$815M | -$355M | $28M | $235M |
| EPS (diluted) | -$3.94 | -$1.32 | -$1.17 | -$1.78 | -$2.09 | -$5.73 | -$5.16 | -$2.17 | $0.06 | $1.31 |
| Diluted shares | 19M | 83M | 108M | 117M | 127M | 148M | 158M | 164M | 175M | 179M |
| Gross margin | 65.2% | 68.5% | 71.6% | 72.8% | 73.9% | 69.5% | 70.6% | 74.3% | 76.3% | 77.4% |
| Operating margin | -46.4% | -43.6% | -30.0% | -31.7% | -24.4% | -59.1% | -43.7% | -22.8% | -2.8% | 5.1% |
| Net margin | -46.7% | -42.8% | -31.4% | -35.6% | -31.9% | -65.2% | -43.9% | -15.7% | 1.1% | 8.1% |
Balance sheet
Fiscal years, from Okta's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $38M | $230M | $564M | $1.4B | $2.6B | $2.5B | $2.6B | $2.2B | $2.5B | $2.6B |
| Receivables | $35M | $52M | $92M | $130M | $195M | $398M | $481M | $559M | $621M | $687M |
| Total current assets | $93M | $317M | $708M | $1.6B | $2.9B | $3.0B | $3.2B | $3.0B | $3.4B | $3.6B |
| Property, plant and equipment | $11M | $13M | $53M | $54M | $63M | $65M | $59M | $48M | $43M | $38M |
| Goodwill | $3M | $6M | $18M | $48M | $48M | $5.4B | $5.4B | $5.4B | $5.4B | $5.5B |
| Total assets | $131M | $399M | $984M | $2.0B | $3.3B | $9.2B | $9.3B | $9.0B | $9.4B | $9.7B |
| Total current liabilities | $134M | $188M | $573M | $547M | $1.5B | $1.2B | $1.5B | $1.8B | $2.5B | $2.6B |
| Total liabilities | $146M | $200M | $732M | $1.6B | $2.6B | $3.3B | $3.8B | $3.1B | $3.0B | $2.7B |
| Shareholders' equity | -$212M | $199M | $252M | $405M | $693M | $5.9B | $5.5B | $5.9B | $6.4B | $7.0B |
| Net debt | -$23M | -$128M | -$298M | -$520M | -$435M | -$260M | -$264M | -$334M | -$409M | -$858M |
Cash flow
Fiscal years, from Okta's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$42M | -$25M | $15M | $56M | $128M | $104M | $86M | $512M | $750M | $884M |
| Capital spending | $6M | $12M | $23M | $19M | $17M | $17M | $21M | $23M | $20M | $21M |
| Free cash flow | -$48M | -$37M | -$7M | $36M | $111M | $87M | $65M | $489M | $730M | $863M |
| Stock-based compensation | $17M | $50M | $76M | $127M | $195M | $566M | $677M | $684M | $565M | $544M |
| Share buybacks (net) | — | — | — | — | — | — | — | $0 | $0 | -$73M |
| Free cash flow margin | -30.1% | -14.5% | -1.9% | 6.2% | 13.3% | 6.7% | 3.5% | 21.6% | 28.0% | 29.6% |
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Open OKTA in InvestinglyQuestions
What was Okta's revenue in 2026?
$2.9B in fiscal 2026, from its 10-K filing.
How much free cash flow does Okta generate?
$863M in fiscal 2026 (operating cash flow minus capital spending).
From Okta's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.