OverviewSuggest Edit

Okta is a company that operates an integrated system connecting persons via devices. The company’s identity cloud connects various companies to pre-integrated apps and devices. It offers single sign-on, mobility management, adaptive multi-factor authentication, lifecycle management, and universal directory products for IT customers, as well as complete authentication, user management, flexible administration, API access management, and developer tools for developers.

TypePublic
Founded2009
HQSan Francisco, US
Websiteokta.com
Employee Ratings3.9
Culture scoreC

Latest Updates

Employees (est.) (Jan 2020)2,248(+7%)
Job Openings97
Revenue (FY, 2020)$586.1 M(+47%)
Share Price (May 2020)$192.5 (+3%)

Key People/Management at Okta

Todd McKinnon

Todd McKinnon

CEO & Co-Founder, Director
Frederic Kerrest

Frederic Kerrest

Executive Vice Chairperson, COO & Co-Founder
Charles Race

Charles Race

President, Worldwide Field Operations
David Bradbury

David Bradbury

Chief Security Officer
Hector Aguilar

Hector Aguilar

President, Technology
Krista Anderson-Copperman

Krista Anderson-Copperman

Chief Customer Officer
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Okta Office Locations

Okta has offices in San Francisco, Bellevue, Chicago, San Jose and in 8 other locations
San Francisco, US (HQ)
100 First Plaza, 100 1st St, San Francisco
Bellevue, US
110 110th Ave NE #610
Chicago, US
125 S Clark St
San Jose, US
300 Park Ave 4th Floor
Washington, US
616 H St NW 3rd floor
North Sydney, AU
Level 14/80 Pacific Hwy
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Okta Financials and Metrics

Okta Revenue

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Okta's revenue was reported to be $586.07 m in FY, 2020 which is a 46.8% increase from the previous period.
USD

Revenue (FY, 2020)

586.1m

Revenue growth (FY, 2019 - FY, 2020), %

46.8%

Gross profit (FY, 2020)

426.7m

Gross profit margin (FY, 2020), %

72.8%

Net income (FY, 2020)

(208.9m)

EBIT (FY, 2020)

(185.8m)

Market capitalization (22-May-2020)

24.0b

Closing stock price (22-May-2020)

192.5

Cash (31-Jan-2020)

520.0m

EV

24.6b
Okta's current market capitalization is $24 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

160.3m260.0m399.3m586.1m

Revenue growth, %

87%62%54%47%

Cost of goods sold

55.9m80.8m113.4m159.4m

Gross profit

104.4m179.2m285.8m426.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

53.0m61.0m68.2m83.6m94.6m105.6m125.2m140.5m153.0m

Cost of goods sold

17.5m19.7m21.1m24.1m28.2m29.7m35.1m38.8m40.8m

Gross profit

35.5m41.3m47.1m59.5m66.4m75.9m90.1m101.7m112.2m

Gross profit Margin, %

67%68%69%71%70%72%72%72%73%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

23.3m127.9m298.4m520.0m

Accounts Receivable

34.5m52.2m91.9m130.1m

Prepaid Expenses

7.0m17.0m29.5m33.0m

Current Assets

92.8m315.4m709.3m1.6b
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(83.5m)(114.4m)(125.5m)(208.9m)

Depreciation and Amortization

4.6m7.0m8.0m17.8m

Accounts Payable

1.5m3.5m675.0k1.7m

Cash From Operating Activities

(42.1m)(25.2m)15.2m55.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(28.9m)(55.9m)(89.7m)(26.0m)(65.2m)(94.7m)(52.0m)(94.9m)(158.4m)

Depreciation and Amortization

1.6m3.3m5.1m2.1m3.7m5.8m3.4m7.9m12.3m

Accounts Payable

3.8m1.2m6.3m2.3m2.6m1.4m1.6m1.4m2.0m

Cash From Operating Activities

(9.7m)(15.9m)(25.4m)4.0m(1.4m)5.1m21.3m20.1m30.8m
USDY, 2020

EV/EBIT

-132.2 x

EV/CFO

441.8 x

Revenue/Employee

290.2k

Debt/Equity

2.7 x

Debt/Assets

0.6 x

Financial Leverage

4.8 x

P/E Ratio

(108.1)
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Okta Operating Metrics

Okta's Enterprise Customers was reported to be 8 k in FY, 2020.
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Okta Acquisitions / Subsidiaries

Company NameDateDeal Size
AzuquaMarch 08, 2019
Workflow AutomationMarch 07, 2019$52.50 m
ScaleFTJuly 17, 2018
StormpathMarch 06, 2017
Okta Australia Pty Limited
Okta Software Canada, Inc.
Okta UK LTD
SpydrSafe Mobile Security, Inc.

Okta Revenue Breakdown

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Okta revenue breakdown by business segment: 5.7% from Professional Services and Other and 94.3% from Subscription

Okta revenue breakdown by geographic segment: 15.6% from International and 84.4% from United States

Human Capital Metrics

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Okta Online and Social Media Presence

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Okta Company Culture

  • Overall Culture

    C

    68/100

  • CEO Rating

    A+

    80/100

  • Compensation

    D

    57/100

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Okta News and Updates

Okta Waves Flag For ‘Platform-First’ Approach To Identity Management

Being able to create applications from the foundation of a complete platform is argued to provide benefits including greater options for customization, greater robustness (i.e. apps and services that don’t ‘break’ under heavy or quirky use) and wider options for extensibility and scalability.

Okta launches Lifecycle Management Workflows to make building identity-centric processes easy

Okta, the popular identity and access management service, today used its annual (and now virtual) user conference to launch Lifecycle Management Workflows, a new tool that helps IT teams build and manage IFTTT-like automated processes with the help of an easy to use graphical interface. The new serv…

Okta says it’s doing away with passwords entirely

Identity management software provider Okta Inc. says it’s doing away with passwords with a new feature that will be rolled into its cloud platform. Okta FastPass uses the built-in security of connected devices to eliminate the need for users to enter passwords. It’s based on Okta Verify, a lightwei…

Okta expects 'near-term billings headwinds' from COVID-19 but issues rosier profit forecast

Okta Inc. reaffirmed its revenue forecast for the current quarter and fiscal year Wednesday as the company deals with the COVID-19 outbreak, but management expects "near-term billings headwinds" as customers react to the uncertain situation. The company, which makes software that helps employees and…

Okta And Ping Battle For Their Share Of $25 Billion Identity Management Market

That market for identity management is growing at 13%. Okta is growing at 45% while Ping grew at 15%.

Okta caps off a solid year of growth especially with enterprises

Cloud identity management company Okta Inc. posted a strong set of financial results Thursday as it capped off its fiscal 2020, showing especially strong momentum with enterprise customers. The company reported a fourth-quarter loss before certain costs such as stock compensation of a penny a share…
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Okta Blogs

MFA Trends: The Impact of COVID19

The COVID pandemic has changed how we do many things. In the workplace, it’s pushed us to take a deeper look at how we enable employees to work remotely—and to ensure that they can do it securely. But what does that actually look like? According to our recent Businesses @ Work (from Home) report, c…

The Future of Work is Dynamic: Going Beyond Distributed and Remote Work

When we kicked off 2020, more people were working remotely than ever before. 54% of U.S. workers reported working remotely at least once per month, 48% at least once per week, and 30% full-time, a significant change from just a few years ago when 44% of global companies didn’t allow remote work at …

Zero Trust: A Global Perspective

As people continue to shelter in place and work from home in response to COVID-19, the idea of a shifted security perimeter is now everyone’s reality. Many organizations were forced to quickly spin up remote work environments and security tools to enable business continuity during this time. And wh…

Stories from the Trenches: Scale & Growth in the Cloud

Rubrik burst onto the scene in 2014 as a leading provider of cloud-based data management and protection solutions. The Church of Jesus Christ of Latter-day Saints was founded in 1830, and over its long history has become a nexus of philanthropy and faith. At first glance, these two organizations ha…

How to Secure Your Workforce’s Devices with Okta

Beyond social and economic disruption, the COVID-19 pandemic has shone a light on the fact that if they want to operate safely, businesses need to be able to secure the various access points to their resources—and that includes devices. All over the world, we’re seeing people make workspaces out of…

Our Customers Are Tidying Up IAM—Here’s How

We’ll be the first to say that modern identity and access management (IAM) systems are complex. On the one hand, they need to be powerful enough to deal with multiple identity silos and application technologies. And on the other, they need to operate with legacy infrastructure. With the wrong syste…
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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 Charles Race.

  • How many employees does Okta have?

    Okta has 2,248 employees.

  • What is Okta revenue?

    Latest Okta annual revenue is $586.1 m.

  • What is Okta revenue per employee?

    Latest Okta revenue per employee is $260.7 k.

  • Who are Okta competitors?

    Competitors of Okta include Microsoft, Citrix and Centrify.

  • 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 8 other locations.

  • How many offices does Okta have?

    Okta has 12 offices.