Fundamental analysis · SEC EDGAR · TTM through 30/04/2026

Fundamental analysis of Okta, Inc.

OKTA · Nasdaq · Technology

Fundamental quality

ATTRACTIVE

84

out of 100

Breakdown by area

I.GrowthEPS growth: 2083.3% · Revenue growth: 15.9%
95
II.ProfitabilityNet margin: 8.2% · ROE: 3.6%
62
III.Financial healthNet debt/EBITDA: -4.26x · FCF: 30.4%
95

Source: SEC EDGAR · TTM through 30/04/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Strengths

  • High gross margin (77.4%), pointing to pricing power.
  • Growing revenue (15.9% annualized).
  • Growing earnings per share (2083.3% annualized).
  • Strong free-cash-flow generation (FCF margin of 30.4%).
  • Net cash position: more cash than debt.

Risks and weaknesses

  • Low return on equity (ROE of 3.6%).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2022$1,300M-$848M$91M-$260M
2023$1,858M-$815M$74M-$264M
2024$2,263M-$355M$504M-$334M
2025$2,610M$28M$742M-$409M
2026$2,919M$235M$875M-$858M

Between 2022 and 2026, revenue went from $1,300M to $2,919M (+125%) and net income went from -$848M to $235M (+128%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Okta, Inc. a profitable company?

Okta, Inc. is profitable, with a net margin of 8.2%, though a thin one.

Does Okta, Inc. have a lot of debt?

No. Okta, Inc. has a net cash position: more cash than debt.

Is Okta, Inc. growing?

Its revenue has grown 15.9% annualized in recent years and its earnings per share 2083.3%.

Does Okta, Inc. generate cash?

Yes. It converts about 30.4% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Okta, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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