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

Fundamental analysis of Okta, Inc.

OKTA · Nasdaq · Technology

Fundamental quality

ATTRACTIVE

84

out of 100

Okta, Inc. grows profitably: it increases revenue at double digits (27.6% a year) without giving up profitability (net margin 8.2%). On fundamental quality it scores 84 out of 100, profiling it as a company with solid fundamentals. Its weakest area is its profitability (net margin 8.2%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Okta manages companies' digital identities: who each employee or customer is and what they can access. It is the front door to every corporate application — a position as strategic as it is delicate: its own security failures make headlines.

What will shape its future

  • Identity as cybersecurity's front line, a hard budget to cut.
  • Its reputation: every security incident of its own erodes the trust it sells.
  • Competition from Microsoft, which bundles basic identity into its packages.

Breakdown by area

I.Growth
95

EPS growth: 150% · Revenue growth: 27.6%

II.Profitability
62

Net margin: 8.2% · ROE: 3.6% · ROIC: 2.5%

III.Financial health
95

FCF: 30.4%

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.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 33%
ROEbeats 17%
Growthbeats 79%
Cash generationbeats 78%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Okta, Inc. strengths

  • Growing earnings per share (150% annualized).
  • High gross margin (77.4%), pointing to pricing power.
  • Excellent free-cash-flow generation (FCF margin of 30.4%): profit turns into real cash.
  • Revenue growing strongly (27.6% annualized).

Okta, Inc. risks and weaknesses

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

Okta, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021835-266115-435
20221,300-84891-260
20231,858-81574-264
20242,263-355504-334
20252,61028742-409
20262,919235875-858

Between 2021 and 2026, revenue went from $835M to $2,919M (+250%) and net income went from -$266M to $235M (+188%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended April 30, 2026, versus the quarter ended April 30, 2025 (SEC filings):

  • Revenue+11.2%
  • Net income+19.4%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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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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Frequently asked questions

Is Okta, Inc. a good company to invest in?

In terms of business quality, Okta, Inc. scores 84 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Okta, Inc. a profitable company?

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

Is Okta, Inc. growing?

Its revenue has grown 27.6% annualized in recent years and its earnings per share 150%, and without interruption since 2021.

Does Okta, Inc. generate cash?

Yes. It converts about 30.4% of its revenue into free cash flow, and has done so positively year after year.

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.

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