Okta (OKTA) Financials

$100.88 -0.94 (-0.92%)

As of 04/14/2025 04:00 PM Eastern

Annual Income Statements for Okta

This table shows Okta's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Net Income / (Loss) Attributable to Common Shareholders	-76	-75	-110	-125	-209	-266	-848	-815	-355	28
Consolidated Net Income / (Loss)	-76	-75	-110	-125	-209	-266	-848	-815	-355	28
Net Income / (Loss) Continuing Operations	-76	-75	-110	-125	-209	-266	-848	-815	-355	28
Total Pre-Tax Income	-76	-75	-110	-126	-210	-266	-850	-801	-337	46
Total Operating Income	-76	-75	-112	-120	-186	-204	-768	-812	-516	-74
Total Gross Profit	50	105	176	286	427	617	904	1,312	1,682	1,992
Total Revenue	86	161	257	399	586	835	1,300	1,858	2,263	2,610
Operating Revenue	86	161	257	399	586	835	1,300	1,858	2,263	2,610
Total Cost of Revenue	36	56	81	113	159	218	396	546	581	618
Operating Cost of Revenue	36	56	81	113	159	218	396	546	581	618
Total Operating Expenses	126	180	288	405	613	821	1,672	2,124	2,198	2,066
Selling, General & Admin Expense	19	30	52	75	113	171	432	409	450	448
Marketing Expense	78	111	165	228	340	427	771	1,066	1,036	965
Research & Development Expense	29	39	71	102	159	223	469	620	656	642
Restructuring Charge	-	-	-	-	-	0.00	0.00	29	56	11
Total Other Income / (Expense), net	-0.02	0.04	1.68	-5.89	-25	-62	-82	11	179	120
Interest Expense	-	0.00	0.00	15	42	75	91	11	-98	-14
Other Income / (Expense), net	-0.02	0.04	1.68	9.18	17	13	9.00	22	81	106
Income Tax Expense	0.30	0.43	-0.32	-0.02	-1.42	0.00	-2.00	14	18	18
Basic Earnings per Share	($4.28)	($3.94)	($1.32)	($1.17)	($1.78)	($2.09)	($5.73)	($5.16)	($2.17)	$0.16
Weighted Average Basic Shares Outstanding	17.82M	19.04M	83.00M	107.50M	117.22M	127.21M	148.04M	158.02M	163.63M	169.57M
Diluted Earnings per Share	($4.28)	($3.94)	($1.32)	($1.17)	($1.78)	($2.09)	($5.73)	($5.16)	($2.17)	$0.06
Weighted Average Diluted Shares Outstanding	17.82M	19.04M	83.00M	107.50M	117.22M	127.21M	148.04M	158.02M	163.63M	175.09M
Weighted Average Basic & Diluted Shares Outstanding	17.82M	19.04M	83.00M	107.50M	117.22M	127.21M	156.70M	161.29M	167.40M	173.60M

This table shows Okta's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Net Income / (Loss) Attributable to Common Shareholders	-210	-209	-153	-119	-111	-81	-44	-40	29	16	23
Consolidated Net Income / (Loss)	-210	-209	-153	-119	-111	-81	-44	-40	29	16	23
Net Income / (Loss) Continuing Operations	-210	-209	-153	-119	-111	-81	-44	-40	29	16	23
Total Pre-Tax Income	-206	-205	-149	-115	-104	-74	-44	-22	12	25	31
Total Operating Income	-208	-207	-157	-160	-162	-111	-83	-47	-19	-16	8.00
Total Gross Profit	314	343	371	376	407	439	460	469	491	508	524
Total Revenue	452	481	510	518	556	584	605	617	646	665	682
Operating Revenue	452	481	510	518	556	584	605	617	646	665	682
Total Cost of Revenue	138	138	139	142	149	145	145	148	155	157	158
Operating Cost of Revenue	138	138	139	142	149	145	145	148	155	157	158
Total Operating Expenses	522	550	528	536	569	550	543	516	510	524	516
Selling, General & Admin Expense	101	98	100	110	119	111	110	117	108	110	113
Marketing Expense	265	290	259	256	261	270	249	236	238	256	235
Research & Development Expense	156	148	154	163	172	165	156	163	164	158	157
Restructuring Charge	0.00	14	15	7.00	17	4.00	28	0.00	0.00	0.00	11
Total Other Income / (Expense), net	2.00	2.00	9.00	45	58	37	39	25	31	41	23
Interest Expense	3.00	3.00	2.00	-28	-40	-16	-14	2.00	-2.00	-15	1.00
Other Income / (Expense), net	5.00	5.00	10	17	18	21	25	27	29	26	24
Income Tax Expense	4.00	4.00	4.00	4.00	7.00	7.00	-	18	-17	9.00	8.00
Basic Earnings per Share	($1.34)	($1.32)	($0.94)	($0.74)	($0.68)	($0.49)	($0.26)	($0.24)	$0.18	$0.09	$0.13
Weighted Average Basic Shares Outstanding	157.40M	158.71M	158.02M	161.32M	162.76M	164.38M	163.63M	167.47M	168.61M	170.22M	169.57M
Diluted Earnings per Share	($1.34)	($1.32)	($0.94)	($0.74)	($0.68)	($0.49)	($0.26)	($0.24)	$0.15	$0.00	$0.15
Weighted Average Diluted Shares Outstanding	157.40M	158.71M	158.02M	161.32M	162.76M	164.38M	163.63M	167.47M	174.44M	170.67M	175.09M
Weighted Average Basic & Diluted Shares Outstanding	158.87M	160.18M	161.29M	162.36M	164.05M	165.35M	167.40M	168.23M	169.86M	171.35M	173.60M

This table details how cash moves in and out of Okta's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Net Change in Cash & Equivalents	36	-35	113	176	221	-83	-176	-2.00	71	73
Net Cash From Operating Activities	-42	-42	-25	15	56	128	104	86	512	750
Net Cash From Continuing Operating Activities	-42	-42	-25	15	56	128	104	86	512	750
Net Income / (Loss) Continuing Operations	-76	-75	-110	-125	-209	-266	-848	-815	-355	28
Consolidated Net Income / (Loss)	-76	-75	-110	-125	-209	-266	-848	-815	-355	28
Depreciation Expense	2.89	4.57	7.00	8.00	18	37	108	114	84	88
Amortization Expense	8.44	10	15	35	54	108	143	84	104	130
Non-Cash Adjustments To Reconcile Net Income	11	18	53	89	146	214	566	696	603	542
Changes in Operating Assets and Liabilities, net	13	0.09	9.34	8.97	46	35	135	7.00	76	-38
Net Cash From Investing Activities	1.16	6.97	-100	-197	-688	-1,305	-367	-130	441	-314
Net Cash From Continuing Investing Activities	1.16	6.97	-100	-197	-688	-1,305	-367	-130	441	-314
Purchase of Property, Plant & Equipment	-4.09	-6.25	-12	-23	-19	-17	-17	-21	-23	-20
Acquisitions	-2.61	-5.49	0.00	-16	-53	0.00	-215	-6.00	-23	-56
Purchase of Investments	-46	0.00	-129	-631	-999	-2,029	-1,847	-1,411	-1,709	-1,812
Sale and/or Maturity of Investments	54	19	41	472	384	741	1,712	1,308	2,196	1,574
Net Cash From Financing Activities	77	0.46	237	358	853	1,092	89	48	-883	-359
Net Cash From Continuing Financing Activities	77	0.46	237	358	853	1,092	89	48	-883	-359
Repayment of Debt	-0.21	-0.40	-0.52	-0.21	-225	-175	0.00	0.00	-937	-280
Repurchase of Common Equity	0.00	-1.58	-4.04	0.00	-359	-	0.00	0.00	-7.00	0.00
Issuance of Common Equity	0.00	0.00	208	66	19	26	36	31	46	42
Other Financing Activities, net	3.63	2.44	34	-43	377	106	53	17	15	-121
Other Net Changes in Cash	-0.04	-0.12	0.49	-	-0.21	-	-2.00	-6.00	1.00	-4.00
Cash Interest Paid	-	-	0.02	0.40	0.86	4.00	6.00	6.00	5.00	3.00
Cash Income Taxes Paid	0.00	0.00	0.75	0.51	1.12	1.00	3.00	8.00	14	19

This table details how cash moves in and out of Okta's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Net Change in Cash & Equivalents	22	33	12	-137	234	40	-66	-13	193	-204	97
Net Cash From Operating Activities	-19	10	76	129	53	156	174	219	86	159	286
Net Cash From Continuing Operating Activities	-19	10	76	129	53	156	174	219	86	159	286
Net Income / (Loss) Continuing Operations	-210	-209	-153	-119	-111	-81	-44	-40	29	16	23
Consolidated Net Income / (Loss)	-210	-209	-153	-119	-111	-81	-44	-40	29	16	23
Depreciation Expense	31	28	25	25	18	21	20	21	21	22	24
Amortization Expense	21	24	19	23	26	27	28	30	32	33	35
Non-Cash Adjustments To Reconcile Net Income	173	184	170	142	159	154	148	150	145	118	129
Changes in Operating Assets and Liabilities, net	-34	-17	15	58	-39	35	22	58	-141	-30	75
Net Cash From Investing Activities	19	22	-83	59	495	20	-133	-194	156	-99	-177
Net Cash From Continuing Investing Activities	19	22	-83	59	495	20	-133	-194	156	-99	-177
Purchase of Property, Plant & Equipment	-5.00	-4.00	-4.00	-5.00	-4.00	-6.00	-8.00	-5.00	-8.00	-5.00	-2.00
Purchase of Investments	-265	-301	-539	-431	-146	-574	-558	-459	-320	-474	-559
Sale and/or Maturity of Investments	290	327	460	517	645	601	433	326	484	380	384
Net Cash From Financing Activities	23	6.00	14	-326	-315	-133	-109	-37	-50	-265	-7.00
Net Cash From Continuing Financing Activities	23	6.00	14	-326	-315	-133	-109	-37	-50	-265	-7.00
Issuance of Common Equity	-	-	12	-	-	-	20	-	-	-	18
Other Financing Activities, net	4.00	6.00	2.00	6.00	2.00	2.00	5.00	-37	-34	-25	-25
Other Net Changes in Cash	-	-	5.00	-	-	-3.00	2.00	-	-	1.00	-5.00

This table presents Okta's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	131	399	984	1,955	3,299	9,206	9,307	8,989	9,437
Total Current Assets	93	317	708	1,600	2,879	3,041	3,229	2,980	3,416
Cash & Equivalents	23	128	298	520	435	260	264	334	409
Short-Term Investments	14	102	265	883	2,122	2,242	2,316	1,868	2,114
Accounts Receivable	35	52	92	130	195	398	481	559	621
Prepaid Expenses	7.03	18	28	33	82	66	76	106	132
Other Current Assets	14	18	24	34	46	75	92	113	140
Plant, Property, & Equipment, net	11	13	53	54	63	65	59	48	43
Total Noncurrent Assets	27	69	223	302	357	6,100	6,019	5,961	5,978
Goodwill	2.63	6.28	18	48	48	5,401	5,400	5,406	5,448
Intangible Assets	9.16	12	14	33	27	317	241	182	138
Other Noncurrent Operating Assets	15	51	191	222	282	382	378	373	392
Total Liabilities & Shareholders' Equity	131	399	984	1,955	3,299	9,206	9,307	8,989	9,437
Total Liabilities	146	200	732	1,550	2,605	3,284	3,841	3,101	3,032
Total Current Liabilities	134	188	573	547	1,546	1,243	1,465	1,782	2,523
Short-Term Debt	-	0.00	272	101	909	16	-	0.00	509
Accounts Payable	9.39	9.57	2.43	3.84	8.56	20	12	12	13
Current Deferred Revenue	108	160	-	365	503	973	1,242	1,488	1,691
Current Employee Benefit Liabilities	8.73	12	20	40	72	144	99	167	207
Other Current Liabilities	8.36	6.19	279	37	54	90	112	115	103
Total Noncurrent Liabilities	12	12	159	1,003	1,059	2,041	2,376	1,319	509
Long-Term Debt	-	-	0.00	837	857	1,816	2,193	1,154	349
Noncurrent Deferred Revenue	5.71	4.96	8.77	6.21	11	23	18	23	27
Other Noncurrent Operating Liabilities	6.08	7.02	150	160	191	202	165	142	133
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-244	199	252	405	694	5,922	5,466	5,888	6,405
Total Preferred & Common Equity	-244	199	252	405	694	5,922	5,466	5,888	6,405
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-244	199	252	405	694	5,922	5,466	5,888	6,405
Common Stock	44	566	745	1,106	1,656	7,750	7,974	8,724	9,219
Retained Earnings	-288	-367	-492	-701	-967	-1,816	-2,475	-2,830	-2,802
Accumulated Other Comprehensive Income / (Loss)	-0.17	0.39	-0.32	0.89	5.39	-12	-33	-6.00	-12

This table presents Okta's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025
Total Assets	8,997	9,046	9,074	9,094	8,900	8,713	8,740	8,955	9,067	9,010
Total Current Assets	2,853	2,899	2,946	3,007	2,843	2,686	2,727	2,917	3,038	3,003
Cash & Equivalents	372	194	216	250	125	356	400	322	515	310
Short-Term Investments	2,110	2,293	2,261	2,224	2,245	1,750	1,730	1,998	1,843	1,938
Accounts Receivable	254	259	323	381	290	388	418	307	377	463
Prepaid Expenses	57	75	64	69	88	91	75	173	181	165
Other Current Assets	60	77	81	84	95	101	104	117	122	127
Plant, Property, & Equipment, net	61	66	67	61	54	49	50	47	47	46
Total Noncurrent Assets	6,083	6,081	6,062	6,026	6,003	5,978	5,963	5,991	5,982	5,961
Goodwill	5,401	5,401	5,400	5,400	5,406	5,406	5,406	5,448	5,448	5,448
Intangible Assets	336	299	281	262	227	211	197	184	168	151
Other Noncurrent Operating Assets	346	380	380	364	370	361	360	359	366	362
Total Liabilities & Shareholders' Equity	8,997	9,046	9,074	9,094	8,900	8,713	8,740	8,955	9,067	9,010
Total Liabilities	3,012	3,573	3,621	3,686	3,366	3,073	3,010	3,002	2,934	2,745
Total Current Liabilities	988	1,185	1,237	1,309	1,362	1,456	1,543	1,686	1,660	2,234
Short-Term Debt	16	5.20	5.21	5.22	-	-	-	-	-	509
Accounts Payable	12	34	44	49	10	13	11	12	11	12
Current Deferred Revenue	760	952	994	1,045	1,173	1,225	1,256	1,391	1,394	1,415
Current Employee Benefit Liabilities	109	83	87	110	88	123	168	117	113	147
Other Current Liabilities	92	111	106	100	91	95	108	166	142	151
Total Noncurrent Liabilities	2,024	2,388	2,384	2,377	2,004	1,617	1,467	1,316	1,274	511
Long-Term Debt	1,794	2,189	2,190	2,192	1,831	1,451	1,302	1,155	1,113	349
Noncurrent Deferred Revenue	18	19	17	18	14	17	18	19	21	25
Other Noncurrent Operating Liabilities	212	180	177	167	159	149	147	142	140	137
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,985	5,473	5,453	5,408	5,534	5,640	5,730	5,953	6,133	6,265
Total Preferred & Common Equity	5,985	5,473	5,453	5,408	5,534	5,640	5,730	5,953	6,133	6,265
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	5,985	5,473	5,453	5,408	5,534	5,640	5,730	5,953	6,133	6,265
Common Stock	7,559	7,412	7,607	7,786	8,148	8,359	8,534	8,840	8,981	9,093
Retained Earnings	-1,575	-1,903	-2,113	-2,322	-2,594	-2,705	-2,786	-2,870	-2,841	-2,825
Accumulated Other Comprehensive Income / (Loss)	0.40	-36	-41	-56	-20	-14	-18	-17	-7.00	-3.00

This table displays calculated financial ratios and metrics derived from Okta's official financial filings.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	87.19%	59.54%	55.63%	46.79%	42.48%	55.69%	42.92%	21.80%	15.33%
EBITDA Growth	0.00%	7.86%	-47.64%	23.50%	-43.29%	52.31%	-1,004.35%	-16.54%	58.28%	201.21%
EBIT Growth	0.00%	1.81%	-47.62%	-0.25%	-52.79%	-13.19%	-297.38%	-4.08%	44.94%	107.36%
NOPAT Growth	0.00%	1.73%	-49.80%	-6.95%	-55.35%	-9.78%	-276.47%	-5.73%	36.45%	87.53%
Net Income Growth	0.00%	1.63%	-46.36%	-14.25%	-66.47%	-27.33%	-218.80%	3.89%	56.44%	107.89%
EPS Growth	0.00%	7.94%	66.50%	11.36%	-52.14%	-17.42%	-174.16%	9.95%	57.95%	102.77%
Operating Cash Flow Growth	0.00%	-1.36%	40.05%	160.11%	266.48%	130.20%	-18.75%	-17.31%	495.35%	46.48%
Free Cash Flow Firm Growth	0.00%	0.00%	-9,705.83%	26.57%	-47.78%	2.89%	-5,416.20%	93.28%	69.09%	144.97%
Invested Capital Growth	0.00%	0.00%	43.04%	-30.91%	-50.83%	-60.20%	5,566.45%	-3.29%	-4.71%	-2.07%
Revenue Q/Q Growth	0.00%	0.00%	12.13%	10.65%	9.71%	8.72%	12.90%	7.35%	4.38%	3.04%
EBITDA Q/Q Growth	0.00%	0.00%	-11.48%	5.62%	-2.62%	15.81%	-37.13%	6.49%	26.05%	64.47%
EBIT Q/Q Growth	0.00%	0.00%	-13.72%	-1.72%	-9.18%	-7.43%	-27.09%	7.81%	16.98%	155.17%
NOPAT Q/Q Growth	0.00%	0.00%	-14.54%	-3.48%	-10.05%	-5.01%	-26.50%	6.70%	12.54%	61.00%
Net Income Q/Q Growth	0.00%	0.00%	-13.74%	-6.60%	-10.39%	-10.37%	-24.21%	9.72%	23.49%	171.79%
EPS Q/Q Growth	0.00%	0.00%	27.07%	-32.95%	-8.54%	-8.29%	-22.44%	11.79%	23.86%	117.14%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	21.36%	190.48%	36.04%	8.58%	-17.15%	267.32%	23.67%	17.55%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	34.93%	1.59%	0.09%	-1.36%	7.62%	33.51%	162.10%
Invested Capital Q/Q Growth	0.00%	0.00%	54.78%	-17.52%	-48.46%	-38.07%	-1.14%	-1.02%	-1.26%	-2.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.07%	65.21%	68.52%	71.59%	72.80%	73.89%	69.54%	70.61%	74.33%	76.32%
EBITDA Margin	-75.29%	-37.06%	-34.30%	-16.86%	-16.46%	-5.51%	-39.08%	-31.86%	-10.91%	9.58%
Operating Margin	-88.45%	-46.43%	-43.60%	-29.96%	-31.71%	-24.43%	-59.08%	-43.70%	-22.80%	-2.84%
EBIT Margin	-88.48%	-46.41%	-42.94%	-27.66%	-28.79%	-22.87%	-58.38%	-42.52%	-19.22%	1.23%
Profit (Net Income) Margin	-88.82%	-46.67%	-42.82%	-31.43%	-35.65%	-31.86%	-65.23%	-43.86%	-15.69%	1.07%
Tax Burden Percent	100.39%	100.57%	99.71%	99.99%	99.33%	100.00%	99.76%	101.75%	105.34%	60.87%
Interest Burden Percent	100.00%	100.00%	100.00%	113.65%	124.65%	139.27%	111.99%	101.39%	77.47%	143.75%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	39.13%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-20.85%	-11.00%	-7.28%	-0.94%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.66%	35.66%	-8.15%	-6.33%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-4.78%	-3.31%	1.03%	1.40%
Return on Equity (ROE)	0.00%	479.56%	-119.60%	-55.56%	-63.53%	-48.39%	-25.63%	-14.31%	-6.25%	0.46%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-112.07%	-7.65%	-2.46%	1.15%
Operating Return on Assets (OROA)	0.00%	-57.13%	-41.58%	-15.96%	-11.48%	-7.27%	-12.14%	-8.53%	-4.76%	0.35%
Return on Assets (ROA)	0.00%	-57.45%	-41.46%	-18.14%	-14.21%	-10.13%	-13.56%	-8.80%	-3.88%	0.30%
Return on Common Equity (ROCE)	0.00%	7,464.33%	28.83%	-55.56%	-63.53%	-48.39%	-25.63%	-14.31%	-6.25%	0.46%
Return on Equity Simple (ROE_SIMPLE)	0.00%	30.81%	-55.11%	-49.73%	-51.54%	-38.33%	-14.32%	-14.91%	-6.03%	0.44%
Net Operating Profit after Tax (NOPAT)	-53	-52	-78	-84	-130	-143	-538	-568	-361	-45
NOPAT Margin	-61.92%	-32.50%	-30.52%	-20.97%	-22.20%	-17.10%	-41.35%	-30.59%	-15.96%	-1.73%
Net Nonoperating Expense Percent (NNEP)	0.00%	-120.98%	-23.60%	-16.01%	-20.81%	-19.63%	-42.52%	-46.66%	0.86%	5.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-7.42%	-5.13%	-0.62%
Cost of Revenue to Revenue	41.93%	34.79%	31.48%	28.41%	27.20%	26.11%	30.46%	29.39%	25.67%	23.68%
SG&A Expenses to Revenue	22.34%	18.72%	20.19%	18.81%	19.26%	20.48%	33.23%	22.01%	19.89%	17.16%
R&D to Revenue	33.48%	24.04%	27.61%	25.64%	27.18%	26.71%	36.08%	33.37%	28.99%	24.60%
Operating Expenses to Revenue	146.52%	111.64%	112.12%	101.55%	104.51%	98.32%	128.62%	114.32%	97.13%	79.16%
Earnings before Interest and Taxes (EBIT)	-76	-75	-110	-110	-169	-191	-759	-790	-435	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-65	-60	-88	-67	-96	-46	-508	-592	-247	250
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	15.06	36.07	38.29	48.32	5.20	2.16	2.32	2.52
Price to Tangible Book Value (P/TBV)	0.00	0.00	16.56	41.31	47.79	54.17	150.89	0.00	45.55	19.71
Price to Revenue (P/Rev)	0.00	0.00	11.70	22.80	26.48	40.16	23.68	6.35	6.04	6.19
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	576.61
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	5.73	2.25	2.61	3.05
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	10.80	22.07	25.69	39.21	23.16	6.14	5.58	5.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	57.92
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	452.50
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	580.76	270.76	255.80	289.52	132.61	24.64	19.31
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	263.48
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	1.08	2.31	2.54	0.31	0.40	0.20	0.13
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	2.06	1.24	0.31	0.40	0.20	0.05
Financial Leverage	0.00	2.41	-1.46	-1.16	-1.15	-1.14	-0.22	-0.09	-0.13	-0.22
Leverage Ratio	0.00	-8.35	2.88	3.06	4.47	4.78	1.89	1.63	1.61	1.50
Compound Leverage Factor	0.00	-8.35	2.88	3.48	5.57	6.66	2.12	1.65	1.25	2.15
Debt to Total Capital	0.00%	0.00%	0.00%	51.84%	69.82%	71.79%	23.63%	28.63%	16.39%	11.81%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	51.84%	7.50%	36.94%	0.21%	0.00%	0.00%	7.01%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	62.32%	34.85%	23.42%	28.63%	16.39%	4.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-1,456.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	1,556.49%	100.00%	48.16%	30.18%	28.21%	76.37%	71.37%	83.61%	88.19%
Debt to EBITDA	0.00	0.00	0.00	-4.04	-9.72	-38.39	-3.61	-3.70	-4.67	3.43
Net Debt to EBITDA	0.00	0.00	0.00	4.34	4.82	17.18	1.32	0.65	4.24	-6.66
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	-8.68	-18.64	-3.57	-3.70	-4.67	1.40
Debt to NOPAT	0.00	0.00	0.00	-3.24	-7.21	-12.37	-3.41	-3.86	-3.19	-19.05
Net Debt to NOPAT	0.00	0.00	0.00	3.49	3.58	5.53	1.25	0.68	2.90	36.96
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	-6.43	-6.00	-3.38	-3.86	-3.19	-7.75
Altman Z-Score	0.00	0.00	7.84	6.96	6.17	7.86	5.45	1.62	2.46	3.18
Noncontrolling Interest Sharing Ratio	0.00%	-1,456.49%	124.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.69	1.69	1.24	2.92	1.86	2.45	2.20	1.67	1.35
Quick Ratio	0.00	0.54	1.50	1.14	2.80	1.78	2.33	2.09	1.55	1.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	1.05	-101	-74	-110	-107	-5,886	-395	-122	55
Operating Cash Flow to CapEx	-1,014.81%	-673.29%	-210.67%	69.21%	287.65%	752.94%	611.76%	409.52%	2,226.09%	3,750.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-4.93	-2.64	-1.42	-64.68	-35.95	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	1.01	1.34	1.71	1.14	7.82	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-0.45	0.87	1.48	0.96	5.91	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.23	0.97	0.58	0.40	0.32	0.21	0.20	0.25	0.28
Accounts Receivable Turnover	0.00	4.66	5.91	5.54	5.28	5.14	4.39	4.23	4.35	4.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	14.58	21.77	12.20	11.01	14.36	20.35	29.97	42.30	57.36
Accounts Payable Turnover	0.00	5.96	8.52	18.91	50.86	35.18	27.73	34.13	48.42	49.44
Days Sales Outstanding (DSO)	0.00	78.41	61.74	65.90	69.14	71.02	83.22	86.34	83.87	82.51
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	61.24	42.83	19.30	7.18	10.38	13.16	10.70	7.54	7.38
Cash Conversion Cycle (CCC)	0.00	17.17	18.91	46.60	61.97	60.64	70.06	75.64	76.33	75.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-53	-30	-40	-60	-96	5,252	5,079	4,840	4,740
Invested Capital Turnover	0.00	-6.03	-6.13	-11.39	-11.75	-10.70	0.50	0.36	0.46	0.54
Increase / (Decrease) in Invested Capital	0.00	-53	23	-9.39	-20	-36	5,348	-173	-239	-100
Enterprise Value (EV)	0.00	0.00	2,772	8,811	15,055	32,743	30,111	11,404	12,618	14,480
Market Capitalization	0.00	0.00	3,002	9,103	15,520	33,533	30,781	11,791	13,666	16,145
Book Value per Share	$0.00	($12.80)	$1.96	$2.29	$3.34	$5.36	$38.07	$34.12	$35.61	$37.38
Tangible Book Value per Share	$0.00	($13.41)	$1.78	$2.00	$2.68	$4.78	$1.31	($1.09)	$1.81	$4.78
Total Capital	0.00	-16	199	524	1,343	2,460	7,754	7,659	7,042	7,263
Total Debt	0.00	0.00	0.00	272	938	1,766	1,832	2,193	1,154	858
Total Long-Term Debt	0.00	0.00	0.00	0.00	837	857	1,816	2,193	1,154	349
Net Debt	0.00	-38	-230	-292	-465	-790	-670	-387	-1,048	-1,665
Capital Expenditures (CapEx)	4.09	6.25	12	22	19	17	17	21	23	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-79	-100	-157	-250	-315	-688	-816	-1,004	-1,121
Debt-free Net Working Capital (DFNWC)	0.00	-42	130	407	1,153	2,242	1,814	1,764	1,198	1,402
Net Working Capital (NWC)	0.00	-42	130	135	1,053	1,333	1,798	1,764	1,198	893
Net Nonoperating Expense (NNE)	23	23	32	42	79	123	310	247	-6.20	-73
Net Nonoperating Obligations (NNO)	0.00	-38	-230	-292	-465	-790	-670	-387	-1,048	-1,665
Total Depreciation and Amortization (D&A)	11	15	22	43	72	145	251	198	188	218
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-49.36%	-39.04%	-39.36%	-42.58%	-37.67%	-52.92%	-43.92%	-44.37%	-42.95%
Debt-free Net Working Capital to Revenue	0.00%	-25.94%	50.50%	101.85%	196.81%	268.46%	139.54%	94.94%	52.94%	53.72%
Net Working Capital to Revenue	0.00%	-25.94%	50.50%	33.82%	179.63%	159.64%	138.31%	94.94%	52.94%	34.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($4.28)	($4.39)	($1.38)	($1.17)	($1.78)	($2.09)	($5.73)	($5.16)	($2.17)	$0.16
Adjusted Weighted Average Basic Shares Outstanding	17.82M	19.04M	104.66M	112.23M	122.77M	131.21M	148.04M	158.02M	163.63M	169.57M
Adjusted Diluted Earnings per Share	($4.28)	($4.39)	($1.38)	($1.17)	($1.78)	($2.09)	($5.73)	($5.16)	($2.17)	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	17.82M	19.04M	104.66M	112.23M	122.77M	131.21M	148.04M	158.02M	163.63M	175.09M
Adjusted Basic & Diluted Earnings per Share	($4.28)	($4.39)	($1.38)	($1.17)	($1.78)	($2.09)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.82M	19.04M	83.00M	107.50M	117.22M	127.21M	156.70M	161.29M	167.40M	173.60M
Normalized Net Operating Profit after Tax (NOPAT)	-53	-52	-78	-84	-130	-143	-538	-548	-322	-38
Normalized NOPAT Margin	-61.92%	-32.50%	-30.52%	-20.97%	-22.20%	-17.10%	-41.35%	-29.50%	-14.23%	-1.47%
Pre Tax Income Margin	-88.48%	-46.41%	-42.94%	-31.44%	-35.89%	-31.86%	-65.38%	-43.11%	-14.89%	1.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	-7.33	-4.06	-2.55	-8.34	-71.82	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	-5.56	-3.13	-1.90	-5.91	-51.67	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-8.78	-4.52	-2.77	-8.53	-73.73	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-7.01	-3.59	-2.13	-6.09	-53.58	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-2.11%	-3.68%	0.00%	-171.66%	0.00%	0.00%	0.00%	-1.97%	0.00%

This table displays calculated financial ratios and metrics derived from Okta's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	43.26%	37.16%	33.22%	24.82%	23.01%	21.41%	18.63%	19.11%	16.19%	13.87%	12.73%
EBITDA Growth	22.44%	-16.13%	28.52%	49.47%	33.77%	72.00%	90.29%	132.63%	163.00%	254.76%	1,010.00%
EBIT Growth	22.29%	-2.28%	31.29%	39.92%	29.06%	55.45%	60.54%	86.01%	106.94%	111.11%	155.17%
NOPAT Growth	21.04%	-4.25%	27.09%	33.33%	22.12%	46.38%	47.13%	70.63%	59.51%	86.82%	110.22%
Net Income Growth	24.10%	5.56%	36.46%	51.03%	47.14%	61.24%	71.24%	66.39%	126.13%	119.75%	152.27%
EPS Growth	26.78%	8.33%	42.33%	52.56%	49.25%	62.88%	72.34%	67.57%	122.06%	100.00%	157.69%
Operating Cash Flow Growth	-628.53%	-73.06%	466.61%	578.95%	378.95%	1,460.00%	128.95%	69.77%	62.26%	1.92%	64.37%
Free Cash Flow Firm Growth	100.79%	100.66%	101.15%	101.30%	63.71%	317.30%	186.69%	140.34%	-29.98%	-88.94%	-41.44%
Invested Capital Growth	-3.55%	-3.41%	-3.29%	-3.56%	-3.60%	-4.47%	-4.71%	-4.14%	-1.95%	-0.55%	-2.07%
Revenue Q/Q Growth	8.92%	6.42%	6.03%	1.57%	7.34%	5.04%	3.60%	1.98%	4.70%	2.94%	2.56%
EBITDA Q/Q Growth	19.68%	0.66%	31.33%	2.06%	-5.26%	58.00%	76.19%	410.00%	103.23%	3.17%	40.00%
EBIT Q/Q Growth	14.71%	0.49%	27.23%	2.72%	-0.70%	37.50%	35.56%	65.52%	150.00%	0.00%	220.00%
NOPAT Q/Q Growth	13.33%	0.48%	24.15%	-1.91%	-1.25%	31.48%	25.23%	43.37%	-39.56%	77.70%	157.96%
Net Income Q/Q Growth	13.58%	0.48%	26.79%	22.22%	6.72%	27.03%	45.68%	9.09%	172.50%	-44.83%	43.75%
EPS Q/Q Growth	14.10%	1.49%	28.79%	21.28%	8.11%	27.94%	46.94%	7.69%	162.50%	-100.00%	0.00%
Operating Cash Flow Q/Q Growth	-200.00%	152.63%	660.00%	69.74%	-58.91%	194.34%	11.54%	25.86%	-60.73%	84.88%	79.87%
Free Cash Flow Firm Q/Q Growth	100.80%	-18.53%	73.79%	14.80%	0.72%	107.68%	19.39%	-3.76%	-70.66%	-67.19%	532.07%
Invested Capital Q/Q Growth	-0.16%	-0.78%	-1.02%	-1.65%	-0.20%	-1.67%	-1.26%	-1.07%	2.09%	-0.27%	-2.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	69.47%	71.31%	72.75%	72.59%	73.20%	75.17%	76.03%	76.01%	76.01%	76.39%	76.83%
EBITDA Margin	-33.41%	-31.19%	-20.20%	-18.34%	-17.99%	-7.19%	-1.65%	5.02%	9.75%	9.77%	13.34%
Operating Margin	-46.02%	-43.04%	-30.78%	-30.89%	-29.14%	-19.01%	-13.72%	-7.62%	-2.94%	-2.41%	1.17%
EBIT Margin	-44.91%	-42.00%	-28.82%	-27.61%	-25.90%	-15.41%	-9.59%	-3.24%	1.55%	1.50%	4.69%
Profit (Net Income) Margin	-46.46%	-43.45%	-30.00%	-22.97%	-19.96%	-13.87%	-7.27%	-6.48%	4.49%	2.41%	3.37%
Tax Burden Percent	101.94%	101.95%	102.68%	103.48%	106.73%	109.46%	100.00%	181.82%	241.67%	64.00%	74.19%
Interest Burden Percent	101.48%	101.49%	101.36%	80.42%	72.22%	82.22%	75.86%	110.00%	120.00%	250.00%	96.88%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-141.67%	36.00%	25.81%
Return on Invested Capital (ROIC)	-9.79%	-9.99%	-7.75%	-8.33%	-8.29%	-5.75%	-4.38%	-2.57%	-3.53%	-0.80%	0.47%
ROIC Less NNEP Spread (ROIC-NNEP)	3.59%	3.53%	0.40%	-6.65%	-8.81%	-5.15%	-6.35%	-1.74%	-11.42%	-3.16%	-0.78%
Return on Net Nonoperating Assets (RNNOA)	-0.30%	-0.29%	-0.04%	0.50%	0.74%	0.51%	0.80%	0.26%	1.84%	0.59%	0.17%
Return on Equity (ROE)	-10.09%	-10.28%	-7.79%	-7.83%	-7.55%	-5.24%	-3.58%	-2.32%	-1.69%	-0.21%	0.65%
Cash Return on Invested Capital (CROIC)	-7.85%	-8.20%	-7.65%	-6.45%	-5.79%	-3.66%	-2.46%	-1.54%	-1.72%	-1.81%	1.15%
Operating Return on Assets (OROA)	-7.98%	-8.04%	-5.79%	-6.03%	-6.01%	-3.75%	-2.37%	-0.86%	0.43%	0.43%	1.33%
Return on Assets (ROA)	-8.26%	-8.31%	-6.02%	-5.02%	-4.64%	-3.37%	-1.80%	-1.72%	1.24%	0.69%	0.96%
Return on Common Equity (ROCE)	-10.09%	-10.28%	-7.79%	-7.83%	-7.55%	-5.24%	-3.58%	-2.32%	-1.69%	-0.21%	0.65%
Return on Equity Simple (ROE_SIMPLE)	-16.78%	-16.69%	0.00%	-12.49%	-10.50%	-8.10%	0.00%	-4.64%	-2.22%	-0.62%	0.00%
Net Operating Profit after Tax (NOPAT)	-146	-145	-110	-112	-113	-78	-58	-33	-46	-10	5.94
NOPAT Margin	-32.21%	-30.12%	-21.55%	-21.62%	-20.40%	-13.30%	-9.60%	-5.33%	-7.11%	-1.54%	0.87%
Net Nonoperating Expense Percent (NNEP)	-13.38%	-13.52%	-8.16%	-1.68%	0.51%	-0.60%	1.97%	-0.83%	7.89%	2.37%	1.26%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-1.43%	-	-	-	-0.83%	-	-	-	0.08%
Cost of Revenue to Revenue	30.53%	28.69%	27.25%	27.41%	26.80%	24.83%	23.97%	23.99%	23.99%	23.61%	23.17%
SG&A Expenses to Revenue	22.35%	20.37%	19.61%	21.24%	21.40%	19.01%	18.18%	18.96%	16.72%	16.54%	16.57%
R&D to Revenue	34.51%	30.77%	30.20%	31.47%	30.94%	28.25%	25.79%	26.42%	25.39%	23.76%	23.02%
Operating Expenses to Revenue	115.49%	114.35%	103.53%	103.47%	102.34%	94.18%	89.75%	83.63%	78.95%	78.80%	75.66%
Earnings before Interest and Taxes (EBIT)	-203	-202	-147	-143	-144	-90	-58	-20	10	10	32
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-151	-150	-103	-95	-100	-42	-10	31	63	65	91
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.85	1.65	2.16	2.00	2.21	1.93	2.32	2.61	2.58	1.95	2.52
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	542.57	87.08	45.55	48.49	30.57	18.34	19.71
Price to Revenue (P/Rev)	9.71	5.15	6.35	5.64	6.04	5.10	6.04	6.59	6.45	4.82	6.19
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	576.61
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%
Enterprise Value to Invested Capital (EV/IC)	2.95	1.68	2.25	2.10	2.37	2.09	2.61	3.01	2.98	2.22	3.05
Enterprise Value to Revenue (EV/Rev)	9.53	4.99	6.14	5.36	5.73	4.72	5.58	6.10	5.94	4.27	5.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	323.52	71.19	57.92
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	452.50
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	301.82	369.01	132.61	53.64	44.12	24.71	24.64	23.92	22.93	16.96	19.31
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	263.48
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.41	0.40	0.33	0.26	0.23	0.20	0.19	0.18	0.14	0.13
Long-Term Debt to Equity	0.40	0.41	0.40	0.33	0.26	0.23	0.20	0.19	0.18	0.06	0.05
Financial Leverage	-0.08	-0.08	-0.09	-0.08	-0.08	-0.10	-0.13	-0.15	-0.16	-0.18	-0.22
Leverage Ratio	1.57	1.59	1.63	1.63	1.60	1.60	1.61	1.55	1.51	1.48	1.50
Compound Leverage Factor	1.59	1.61	1.65	1.31	1.16	1.32	1.22	1.71	1.81	3.70	1.45
Debt to Total Capital	28.70%	28.89%	28.63%	24.86%	20.46%	18.52%	16.39%	16.25%	15.36%	12.05%	11.81%
Short-Term Debt to Total Capital	0.07%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.15%	7.01%
Long-Term Debt to Total Capital	28.64%	28.82%	28.63%	24.86%	20.46%	18.52%	16.39%	16.25%	15.36%	4.90%	4.81%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.30%	71.11%	71.37%	75.14%	79.54%	81.48%	83.61%	83.75%	84.64%	87.95%	88.19%
Debt to EBITDA	-3.59	-3.47	-3.70	-3.71	-3.28	-3.90	-4.67	-9.79	24.73	5.64	3.43
Net Debt to EBITDA	0.46	0.44	0.65	1.09	1.48	2.48	4.24	9.87	-27.67	-9.14	-6.66
Long-Term Debt to EBITDA	-3.58	-3.46	-3.70	-3.71	-3.28	-3.90	-4.67	-9.79	24.73	2.30	1.40
Debt to NOPAT	-3.64	-3.61	-3.86	-3.57	-3.02	-3.15	-3.19	-4.09	-6.12	-7.43	-19.05
Net Debt to NOPAT	0.47	0.45	0.68	1.05	1.36	2.00	2.90	4.13	6.84	12.03	36.96
Long-Term Debt to NOPAT	-3.63	-3.60	-3.86	-3.57	-3.02	-3.15	-3.19	-4.09	-6.12	-3.02	-7.75
Altman Z-Score	2.58	1.43	1.84	1.93	2.35	2.13	2.59	3.08	3.25	2.62	3.18
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.38	2.30	2.20	2.09	1.84	1.77	1.67	1.73	1.83	1.34	1.35
Quick Ratio	2.26	2.18	2.09	1.95	1.71	1.65	1.55	1.56	1.65	1.21	1.25
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	45	36	63	72	73	152	181	174	51	17	106
Operating Cash Flow to CapEx	-380.00%	250.00%	1,900.00%	2,580.00%	1,325.00%	2,600.00%	2,175.00%	4,380.00%	1,075.00%	3,180.00%	14,300.00%
Free Cash Flow to Firm to Interest Expense	14.85	12.10	31.55	0.00	0.00	0.00	0.00	87.05	0.00	0.00	105.94
Operating Cash Flow to Interest Expense	-6.33	3.33	38.00	0.00	0.00	0.00	0.00	109.50	0.00	0.00	286.00
Operating Cash Flow Less CapEx to Interest Expense	-8.00	2.00	36.00	0.00	0.00	0.00	0.00	107.00	0.00	0.00	284.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.19	0.20	0.22	0.23	0.24	0.25	0.26	0.28	0.29	0.28
Accounts Receivable Turnover	5.70	5.46	4.23	7.15	5.81	5.43	4.35	7.91	6.41	5.75	4.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	24.85	28.46	29.97	32.57	35.62	39.10	42.30	46.77	51.08	52.77	57.36
Accounts Payable Turnover	18.74	17.34	34.13	25.46	20.03	19.13	48.42	53.36	49.42	52.61	49.44
Days Sales Outstanding (DSO)	64.07	66.88	86.34	51.08	62.87	67.24	83.87	46.13	56.94	63.48	82.51
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	19.48	21.05	10.70	14.34	18.22	19.08	7.54	6.84	7.39	6.94	7.38
Cash Conversion Cycle (CCC)	44.59	45.84	75.64	36.75	44.65	48.16	76.33	39.29	49.55	56.54	75.13
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,171	5,131	5,079	4,995	4,985	4,902	4,840	4,788	4,888	4,875	4,740
Invested Capital Turnover	0.30	0.33	0.36	0.39	0.41	0.43	0.46	0.48	0.50	0.52	0.54
Increase / (Decrease) in Invested Capital	-190	-181	-173	-184	-186	-229	-239	-207	-97	-27	-100
Enterprise Value (EV)	15,252	8,640	11,404	10,514	11,824	10,231	12,618	14,400	14,558	10,821	14,480
Market Capitalization	15,533	8,916	11,791	11,053	12,479	11,059	13,666	15,565	15,803	12,211	16,145
Book Value per Share	$34.56	$34.04	$34.12	$34.31	$34.74	$34.93	$35.61	$35.56	$36.46	$36.88	$37.38
Tangible Book Value per Share	($1.45)	($1.60)	($1.09)	($0.61)	$0.14	$0.77	$1.81	$1.92	$3.07	$3.92	$4.78
Total Capital	7,648	7,604	7,659	7,365	7,091	7,032	7,042	7,108	7,246	7,123	7,263
Total Debt	2,195	2,197	2,193	1,831	1,451	1,302	1,154	1,155	1,113	858	858
Total Long-Term Debt	2,190	2,192	2,193	1,831	1,451	1,302	1,154	1,155	1,113	349	349
Net Debt	-282	-276	-387	-539	-655	-828	-1,048	-1,165	-1,245	-1,390	-1,665
Capital Expenditures (CapEx)	5.00	4.00	4.00	5.00	4.00	6.00	8.00	5.00	8.00	5.00	2.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-763	-770	-816	-889	-876	-946	-1,004	-1,089	-980	-970	-1,121
Debt-free Net Working Capital (DFNWC)	1,714	1,703	1,764	1,481	1,230	1,184	1,198	1,231	1,378	1,278	1,402
Net Working Capital (NWC)	1,709	1,697	1,764	1,481	1,230	1,184	1,198	1,231	1,378	769	893
Net Nonoperating Expense (NNE)	64	64	43	7.00	-2.40	3.30	-14	7.10	-75	-26	-17
Net Nonoperating Obligations (NNO)	-282	-276	-387	-539	-655	-828	-1,048	-1,165	-1,245	-1,390	-1,665
Total Depreciation and Amortization (D&A)	52	52	44	48	44	48	48	51	53	55	59
Debt-free, Cash-free Net Working Capital to Revenue	-47.66%	-44.51%	-43.92%	-45.33%	-42.42%	-43.63%	-44.37%	-46.11%	-39.97%	-38.29%	-42.95%
Debt-free Net Working Capital to Revenue	107.10%	98.38%	94.94%	75.52%	59.56%	54.61%	52.94%	52.12%	56.20%	50.45%	53.72%
Net Working Capital to Revenue	106.77%	98.07%	94.94%	75.52%	59.56%	54.61%	52.94%	52.12%	56.20%	30.36%	34.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.34)	($1.32)	($0.94)	($0.74)	($0.68)	($0.49)	($0.26)	($0.24)	$0.18	$0.09	$0.13
Adjusted Weighted Average Basic Shares Outstanding	157.40M	158.71M	158.02M	161.32M	162.76M	164.38M	163.63M	167.47M	168.61M	170.22M	169.57M
Adjusted Diluted Earnings per Share	($1.34)	($1.32)	($0.94)	($0.74)	($0.68)	($0.49)	($0.26)	($0.24)	$0.15	$0.00	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	157.40M	158.71M	158.02M	161.32M	162.76M	164.38M	163.63M	167.47M	174.44M	170.67M	175.09M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	158.87M	160.18M	161.29M	162.36M	164.05M	165.35M	167.40M	168.23M	169.86M	171.35M	173.60M
Normalized Net Operating Profit after Tax (NOPAT)	-146	-135	-99	-107	-102	-75	-39	-33	-13	-10	14
Normalized NOPAT Margin	-32.21%	-28.09%	-19.49%	-20.68%	-18.26%	-12.83%	-6.36%	-5.33%	-2.06%	-1.54%	2.07%
Pre Tax Income Margin	-45.58%	-42.62%	-29.22%	-22.20%	-18.71%	-12.67%	-7.27%	-3.57%	1.86%	3.76%	4.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-67.67	-67.33	-73.50	0.00	0.00	0.00	0.00	-10.00	0.00	0.00	32.00
NOPAT to Interest Expense	-48.53	-48.30	-54.95	0.00	0.00	0.00	0.00	-16.45	0.00	0.00	5.94
EBIT Less CapEx to Interest Expense	-69.33	-68.67	-75.50	0.00	0.00	0.00	0.00	-12.50	0.00	0.00	30.00
NOPAT Less CapEx to Interest Expense	-50.20	-49.63	-56.95	0.00	0.00	0.00	0.00	-18.95	0.00	0.00	3.94
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-0.68%	-1.51%	-1.97%	0.00%	-2.21%	0.00%	0.00%

Frequently Asked Questions About Okta's Financials

When does Okta's fiscal year end?

According to the most recent income statement we have on file, Okta's financial year ends in January. Their financial year 2025 ended on January 31, 2025.

How has Okta's net income changed over the last 9 years?

Okta's net income appears to be on an upward trend, with a most recent value of $28 million in 2025, falling from -$76.30 million in 2016. The previous period was -$355 million in 2024.

What is Okta's operating income?

Okta's total operating income in 2025 was -$74 million, based on the following breakdown:

Total Gross Profit: $1.99 billion
Total Operating Expenses: $2.07 billion

How has Okta revenue changed over the last 9 years?

Over the last 9 years, Okta's total revenue changed from $85.91 million in 2016 to $2.61 billion in 2025, a change of 2,938.2%.

How much debt does Okta have?

Okta's total liabilities were at $3.03 billion at the end of 2025, a 2.2% decrease from 2024, and a 1,972.7% increase since 2017.

How much cash does Okta have?

In the past 8 years, Okta's cash and equivalents has ranged from $23.28 million in 2017 to $520.05 million in 2020, and is currently $409 million as of their latest financial filing in 2025.

How has Okta's book value per share changed over the last 9 years?

Over the last 9 years, Okta's book value per share changed from 0.00 in 2016 to 37.38 in 2025, a change of 3,737.9%.

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This page (NASDAQ:OKTA) was last updated on 4/15/2025 by MarketBeat.com Staff

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Okta (OKTA) Financials

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Okta (OKTA) Financials

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