OKTA · Okta, Inc.
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Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY27 earnings call · Aug 26, 2026TL;DR. Okta delivered Q2 results ahead of expectations with cRPO growth accelerating to 14% and raised its full-year FY27 revenue, operating margin, and free cash flow outlook, while closing its $350M convertible notes and reporting record non-Q4 bookings driven by large enterprise strength and early AI agent security wins.
- + Full-year FY27 revenue, non-GAAP operating margin (26%), and free cash flow margin (28%-29%) guidance raised
- + cRPO accelerated 200 bps to 14% year-over-year, the largest outperformance since Q4 FY25
- + Record non-Q4 bookings quarter driven by over 20% growth in $1M+ ACV customers and 600+ million-dollar customers
- + Free cash flow of $227M (28% margin) and operating cash flow of $234M (29% margin), both up sharply year-over-year
- + Convertible notes fully extinguished, removing $350M of debt and ending the quarter with ~$2.3B in cash and investments while repurchasing $125M of stock
- − FY27 revenue guidance embeds ~1 percentage point headwind from accelerated shift of professional services to GSI partners, and FCF margin embeds ~1 point headwind from lower interest income due to buybacks and notes settlement
- − AI agent security business remains immaterial to FY27 revenue, with management indicating materiality is not expected until FY28 and beyond
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Free cash flow non-GAAP | $227M | Q2 FY2027 | +0.0% |
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GAAP → non-GAAP reconciliationGAAP Net cash provided by operating activities 234M
-1M Purchases of property and equipment
-6M Capitalized software
= Free cash flow 227M
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| Free cash flow margin non-GAAP | 32% | Six Months Ended July 31, 2026 | — |
| Non-GAAP gross margin non-GAAP | 82% | Six Months Ended July 31, 2026 | — |
| Non-GAAP gross profit non-GAAP | $1.28B | Six Months Ended July 31, 2026 | — |
| Non-GAAP net income non-GAAP | $362M | Six Months Ended July 31, 2026 | — |
| Non-GAAP net margin non-GAAP | 24% | Three Months Ended July 31, 2026 | — |
| Non-GAAP operating income non-GAAP | $226M | Q2 FY2027 | +0.0% |
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GAAP → non-GAAP reconciliationGAAP Operating income 107M
+114M Stock-based compensation expense
+3M Amortization of acquired intangibles
+2M Acquisition and integration-related expenses
= Non-GAAP operating income 226M
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| Non-GAAP operating margin non-GAAP | 27% | Six Months Ended July 31, 2026 | — |
| Operating cash flow | $234M | Q2 FY2027 | — |
| Class A common stock repurchased and retired | 3,026,820 | the three months ended April 30, 2026 filing | — |
| Subscription-based business model share of total revenue | 98% | the three months ended April 30, 2026 filing | — |
| Total Number of Shares Purchased (in thousands) | 3.03M | First Quarter 2027 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Infrastructure — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
OKTA
this stock
Okta, Inc.
|
$31.97B | +111.5% | +11.8% | 110.2 | 3.8% |
|
MSFT
Microsoft Corp
|
$3.89T | +8.3% | +6.9% | 27.4 | 0.8% |
|
PLTR
Palantir Technologies Inc.
|
$404.77B | -5.5% | +56.2% | 117.5 | 2.3% |
|
ORCL
Oracle Corp
|
$379.03B | -35.7% | +17.3% | 19.7 | 1.5% |
|
PANW
Palo Alto Networks Inc
|
$263.59B | +74.9% | +29.0% | — | 2.5% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| OKTA | +8.4% | -2.3% | +94.9% | -12.2% | +111.5% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +5.8% | -1.2% | +94.4% | -12.0% | +100.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.