YouTube · Q3 FY2026 · 2026-05-26
OKTA · NasdaqGS
Okta, Inc.
Software - Infrastructure · United States
- 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 websiteQ2 FY2027
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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.
| Metric | OKTAOkta, Inc.Snapshot 2026-09-20Financial period: 2026-07-31 | ZSZscaler, Inc.Snapshot 2026-09-20Financial period: 2026-07-31 | RBRKRubrik, Inc.Snapshot 2026-09-20Financial period: 2026-07-31 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$31.88B | US$32.17B | US$21.96B | US$27.07Bn=2 |
| Forward P/EProvider forward earnings estimate | 41.65x | 35.24x | 139.01x | 87.12xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 92.32x | 697.06x | — | — |
| Revenue growthLatest quarter vs prior-year quarter | 10.6% | 24.9% | 37.9% | 31.4%n=2 |
| Operating marginLatest reported quarter | 13.3% | -1.0% | -16.8% | -8.9%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 3.3% | 3.3% | 2.2% | 2.8%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | -7.00x | -36.63x | — | — |
| Debt / equityTotal debt / positive book equity | 0.01x | 0.72x | — | — |
| Trailing P/ETrailing twelve-month earnings | 109.86x | — | — | — |
| Price / bookPrice / positive book equity per share | 4.57x | 12.38x | — | — |
| EV / salesEnterprise value / trailing revenue | 9.64x | 9.12x | 13.96x | 11.54xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 75.7% | — | — | — |
| Gross marginTrailing twelve months | 78.1% | 76.9% | 80.2% | 78.5%n=2 |
| Net marginTrailing twelve months | 9.6% | -1.9% | -16.5% | -9.2%n=2 |
| Return on equityProvider trailing return; positive equity only | 4.3% | -2.9% | — | — |
| Free cash flow marginTrailing free cash flow / revenue | 33.8% | 32.1% | 31.1% | 31.6%n=2 |
| Dividend yieldIndicated annual dividend / price | — | — | — | — |
| Earnings payoutProvider trailing dividend payout | 0.0% | 0.0% | 0.0% | 0.0%n=2 |
| Current ratioCurrent assets / current liabilities | 1.52x | 1.70x | 1.64x | 1.67xn=2 |
| BetaProvider historical market sensitivity | 0.79 | 0.95 | 1.24 | 1.10n=2 |
YouTube · Q3 FY2026 · 2026-05-26
YouTube · Q2 FY2027 · 2026-08-30
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
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
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Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
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Price figures
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
Q2 FY20272026-08-30
OKTA Stock: Operating Profit Doubled, Margin Didn’t Move - Q2 FY2027
Presentation · 2026-08-30 · YouTube
Q1 FY20272026-05-28
OKTA Stock: BUY Call - 25% Margin + 35% FCF Q1 FY2027
Presentation · 2026-05-28 · YouTube