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OKTA · NasdaqGS

Okta, Inc.

Software - Infrastructure · United States

USD 182.37-4.0% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$31.88B
Trailing P/E
109.86x
Forward P/E
41.65x
Quarterly revenue growth
10.6%
Trailing net margin
9.6%
Indicated dividend yield

Snapshot 2026-09-20 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-12-01 (provider estimate, not issuer-confirmed).

Company background

Okta, Inc. operates as an identity partner in the United States and internationally. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization's cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform's secure access management to the device login experience; Universal Directory for a cloud-based system of record. The company also provides Identity Threat Protection; Identity Security Posture Management for security measures and safeguards digital assets; Okta for AI Agents to discover, register, authenticate, govern, and manage AI Agents; Identity Governance and Administration products, including Lifecycle Management, Okta Workflows, Okta Identity Governance, and Cross App Access; Advanced Server Access for continuous and contextual access management to secure cloud infrastructure; and Okta Privileged Access to reduce risk with unified access and governance management. In addition, it provides Universal Login, a standards-based login infrastructure; Attack Protection Suite to minimize risks associated with identity-targeted attacks; Adaptive MFA; Passwordless, which enables users to login without a password; Machine-to-Machine Tokens for authentication and authorization with NHIs; Private Cloud, a deployment option; Organizations, which support a large number of partners or customers; Extensibility, which enables customers to build customized identity flows; Fine Grained Authorization, which manages complex authorization scenarios; and Auth0 for AI Agents to secure and scale agentic applications. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Company website

Q2 FY2027

Go beyond the headline.

OKTA Stock: Operating Profit Doubled, Margin Didn’t Move - Q2 FY2027

Published 2026-08-30

Comparable businesses

OKTA peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricOKTAOkta, Inc.Snapshot 2026-09-20Financial period: 2026-07-31ZSZscaler, Inc.Snapshot 2026-09-20Financial period: 2026-07-31RBRKRubrik, Inc.Snapshot 2026-09-20Financial period: 2026-07-31Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$31.88BUS$32.17BUS$21.96BUS$27.07Bn=2
Forward P/EProvider forward earnings estimate41.65x35.24x139.01x87.12xn=2
EV / EBITDAEnterprise value / trailing EBITDA92.32x697.06x
Revenue growthLatest quarter vs prior-year quarter10.6%24.9%37.9%31.4%n=2
Operating marginLatest reported quarter13.3%-1.0%-16.8%-8.9%n=2
Free cash flow yieldTrailing cash flow / market cap3.3%3.3%2.2%2.8%n=2
Net debt / EBITDANet debt / trailing EBITDA-7.00x-36.63x
Debt / equityTotal debt / positive book equity0.01x0.72x
Trailing P/ETrailing twelve-month earnings109.86x
Price / bookPrice / positive book equity per share4.57x12.38x
EV / salesEnterprise value / trailing revenue9.64x9.12x13.96x11.54xn=2
Earnings growthLatest quarter vs prior-year quarter75.7%
Gross marginTrailing twelve months78.1%76.9%80.2%78.5%n=2
Net marginTrailing twelve months9.6%-1.9%-16.5%-9.2%n=2
Return on equityProvider trailing return; positive equity only4.3%-2.9%
Free cash flow marginTrailing free cash flow / revenue33.8%32.1%31.1%31.6%n=2
Dividend yieldIndicated annual dividend / price
Earnings payoutProvider trailing dividend payout0.0%0.0%0.0%0.0%n=2
Current ratioCurrent assets / current liabilities1.52x1.70x1.64x1.67xn=2
BetaProvider historical market sensitivity0.790.951.241.10n=2

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Financial history
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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for OKTA

All available reporting periods
Q2 FY20272026-08-30
Q1 FY20272026-05-28

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.