OverviewSuggest Edit

Okta (formerly known as SaaSure) is a provider of an independent identity management platform for enterprises. The company offers Okta Identity Cloud, a suite of products that enables organizations to manage and secure the identities of their workforce and customers. Its platform combines universal directory, single sign-on, adaptive multi-factor authentication, lifecycle management, API access management, and other features.
TypePublic
Founded2009
HQSan Francisco, CA, US
Websiteokta.com
Employee Ratings4.1
Overall CultureC

Latest Updates

Employees (est.) (Jan 2021)2,806(+13%)
Job Openings283
Revenue (FY, 2021)$835.4 M(+43%)
Share Price (Apr 2021)$285.4(+3%)
Cybersecurity ratingBMore

Key People/Management at Okta

Todd McKinnon

Todd McKinnon

CEO & Co-Founder, Chairman
Frederic Kerrest

Frederic Kerrest

Executive Vice Chairman, Chief Operating Officer and Co-Founder
Mike Kourey

Mike Kourey

Chief Financial Officer
Diya Jolly

Diya Jolly

Chief Product Officer
Chris Kramer

Chris Kramer

Chief Accounting Officer
David Bradbury

David Bradbury

Chief Security Officer
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Okta Office Locations

Okta has offices in San Francisco, Bellevue, Chicago, San Jose and in 10 other locations
San Francisco, CA, US (HQ)
100 First Plaza, 100 1st St, San Francisco
Bellevue, WA, US
110 110th Ave NE #610
Chicago, IL, US
123 N Upper Wacker Dr #400
San Jose, CA, US
300 Park Ave 4th Floor
Washington, DC, US
700 K St NW 5th Floor
North Sydney, AU
Level 14/80 Pacific Hwy
Show all (14)

Okta Financials and Metrics

Okta Revenue

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Okta's revenue was reported to be $835.42 m in FY, 2021 which is a 42.5% increase from the previous period.
USD

Revenue (FY, 2021)

835.4m

Revenue growth (FY, 2020 - FY, 2021), %

42.5%

Gross profit (FY, 2021)

617.7m

Gross profit margin (FY, 2021), %

73.9%

Net income (FY, 2021)

(266.3m)

EBIT (FY, 2021)

(204.2m)

Market capitalization (26-Apr-2021)

36.8b

Closing stock price (26-Apr-2021)

285.4

Cash (31-Jan-2021)

434.6m

EV

38.3b
Okta's current market capitalization is $36.8 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

399.3m586.1m835.4m

Revenue growth, %

54%47%43%

Cost of goods sold

113.4m159.4m217.7m

Gross profit

285.8m426.7m617.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

83.6m94.6m105.6m125.2m140.5m153.0m182.9m200.4m217.4m

Cost of goods sold

24.1m28.2m29.7m35.1m38.8m40.8m48.5m51.1m56.9m

Gross profit

59.5m66.4m75.9m90.1m101.7m112.2m134.4m149.3m160.5m

Gross profit Margin, %

71%70%72%72%72%73%73%74%74%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

298.4m520.0m434.6m

Accounts Receivable

91.9m130.1m194.8m

Current Assets

709.3m1.6b2.9b

PP&E

52.9m53.5m62.8m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(125.5m)(208.9m)(266.3m)

Depreciation and Amortization

8.0m17.8m36.9m

Accounts Payable

675.0k1.7m4.1m

Cash From Operating Activities

15.2m55.6m128.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(26.0m)(65.2m)(94.7m)(52.0m)(94.9m)(158.4m)(57.7m)(117.8m)(190.5m)

Depreciation and Amortization

2.1m3.7m5.8m3.4m7.9m12.3m5.5m12.7m23.7m

Accounts Payable

2.3m2.6m1.4m1.6m1.4m2.0m3.9m810.0k1.4m

Cash From Operating Activities

4.0m(1.4m)5.1m21.3m20.1m30.8m38.7m49.6m93.1m
USDQ1, 2019

EV/EBIT

-184.4 x

EV/CFO

1.2 k x

Revenue/Employee

66.1k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.9 x

P/E Ratio

(171.2)
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Okta Operating Metrics

Okta's Enterprise Customers was reported to be 10 k in FY, 2021.
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Okta Acquisitions / Subsidiaries

Company NameDateDeal Size
Auth0March 03, 2021$6.5 b
AzuquaMarch 08, 2019
Workflow AutomationMarch 07, 2019$52.5 m
ScaleFTJuly 17, 2018
StormpathMarch 06, 2017
SpydrSafe Mobile SecurityNovember 07, 2014
Azuqua, Inc.
Okta Australia Pty Limited
Okta France SAS
Okta GmbH
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Okta Revenue Breakdown

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Okta revenue breakdown by business segment: 95.4% from Subscription and 4.6% from Other

Okta revenue breakdown by geographic segment: 84.0% from United States and 16.0% from International

Human Capital Metrics

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Okta Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Okta Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Okta Online and Social Media Presence

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Okta Company Culture

  • Overall Culture

    C

    69/100

  • CEO Rating

    A-

    77/100

  • Compensation

    C-

    62/100

  • Diversity

    B+

    76/100

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Okta News and Updates

Fastly and Okta Join Forces to Offer In-Depth Identity Protection Against Security and Fraud Risk Without Impacting User Experience

Fastly, Inc. (NYSE: FSLY), a global edge cloud platform, today announced a partnership with Okta, the leading independent provider of identity. The integration between Fastly’s Signal Sciences security portfolio and Okta enables organizations to more effectively protect consumer identities without c…

Okta Launches New Customer Identity Risk Ecosystem and Workflow Integrations

Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity, today at Oktane21, announced the expansion of the Okta Integration Network across four main areas including risk and fraud, customer data orchestration, data privacy and compliance, and the software development lifecycle. Genera…

Introducing Okta Identity Governance: Intelligent Identity Management for All Users and Resources

Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity, today at Oktane21, announced Okta Identity Governance, a powerful new product that offers a modern, cloud-first approach to identity governance and administration (IGA). Okta Identity Governance delivers self-service identity go…

Okta Introduces New Okta Privileged Access Product to Strengthen Security and Agility of Critical Computing Resources

Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity, today at Oktane21, announced Okta Privileged Access, a new product that unifies identity management with flexible, least privilege access controls for critical infrastructure to increase development speed, operational agility, a…

Okta Announces Commitment to 100% Renewable Electricity

Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today at Oktane21, committed to achieving 100% renewable electricity for its global real estate footprint by 2022. The company’s commitment marks a critical step in Okta’s journey to reduce greenhouse gas (GHG) emissions and take l…

Code42 and Okta Partner to Accelerate the Right Response During Insider Risk Investigations

Code42, the Insider Risk Management leader, today announced it has integrated its IncydrTM data risk detection and response product with Okta Identity Cloud, the leading user identity management solution. The integration combines Code42’s unique data-centric strategy to insider risk with Okta’s lead…
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Okta Blogs

Introducing Code Tycoon: A Developer-Inspired Game From Okta

Introducing Code Tycoon: A Developer-Inspired Game From Okta noorisingh.sai… Thu, 05/06/2021 - 09:00 As a software developer, it’s your job to build exciting applications and features. But more often than not, your time is spent fixing other people’s technical problems rather …

Okta Joins the ID2020 Alliance

Okta Joins the ID2020 Alliance tobias.snodsmi… Wed, 05/05/2021 - 08:41 If you’re reading this on any kind of digital device, you probably use various forms of digital identity on a regular basis. From accessing healthcare to participating in democracy to protecting our finances,…

How to Use Client Credentials Flow with Spring Security

The client credentials grant is used when two servers need to communicate with each other outside the context of a user. This is a very common scenario—and yet, it’s often overlooked by tutorials and documentation online. In contrast, the authorization code grant type is more common, for when an…

Auth0 Joins Forces with Okta

Yesterday, Okta announced that we have finalized the acquisition of Auth0. You are probably looking at this blog post wondering what happens next for both companies. The post you are looking for, with a lot more details and information, is on the Auth0 blog. Please read it for more details and infor…

It’s Official: Okta Joins Forces With Auth0

It’s Official: Okta Joins Forces With Auth0 parmstead@okta.com Mon, 05/03/2021 - 06:24 At Okta, we’ve spent the past 12+ years focused on transforming cloud-based identity and empowering everyone to safely use any technology. Today marks a significant milestone for our team and …

What is identity and access management (IAM)?

What is identity and access management (IAM)? tobias.snodsmi… Wed, 04/28/2021 - 08:46 Identity and access management (IAM) is a framework that enables organizations to ensure only the right people and devices have access to the right applications, resources, and systems at the r…
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Okta Frequently Asked Questions

  • When was Okta founded?

    Okta was founded in 2009.

  • Who are Okta key executives?

    Okta's key executives are Todd McKinnon, Frederic Kerrest and Mike Kourey.

  • How many employees does Okta have?

    Okta has 2,806 employees.

  • What is Okta revenue?

    Latest Okta annual revenue is $835.4 m.

  • What is Okta revenue per employee?

    Latest Okta revenue per employee is $297.7 k.

  • Who are Okta competitors?

    Competitors of Okta include Microsoft, SailPoint and Ping Identity.

  • Where is Okta headquarters?

    Okta headquarters is located at 100 First Plaza, 100 1st St, San Francisco, San Francisco.

  • Where are Okta offices?

    Okta has offices in San Francisco, Bellevue, Chicago, San Jose and in 10 other locations.

  • How many offices does Okta have?

    Okta has 14 offices.