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
Overall CultureC

Latest Updates

Employees (est.) (Jan 2021)2,806(+13%)
Job Openings534
Revenue (FY, 2021)$835.4 M(+43%)
Share Price (Jul 2021)$247.8
Cybersecurity ratingAMore

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 (30-Jul-2021)

37.9b

Closing stock price (30-Jul-2021)

247.8

Cash (31-Jan-2021)

434.6m

EV

39.4b
Okta's current market capitalization is $37.9 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

Revenue/Employee

66.1k

Debt/Equity

1 x

Debt/Assets

0.4 x

Financial Leverage

2.9 x
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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

A

92/100

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

    78/100

  • Compensation

    D+

    59/100

  • Diversity

    B+

    76/100

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Okta News and Updates

The CEO of Okta asked his 3,500 employees to email him about where they're going on vacation, to remind them about the importance of taking breaks

Summary List PlacementThe CEO of cloud-software company Okta has asked employees to email him about where they're going on vacation amid growing concerns of tech worker burnout. Todd McKinnon told staff in a recent all-hands meeting about his upcoming family vacation in Napa, and encouraged the co…

Okta Inc. Beats Earnings Expectations for 2021 Q1

The company recently announced better-than-expected financial results for the first quarter. Okta reported a loss of 83 cents per share for the three months ended April 30, compared to a loss of 47 cents per share in the same quarter of 2020. On an adjusted basis, the cloud-software company lost 10 …

QueryPie, the data governance platform, becomes Okta Integration Network partner in Korea

QueryPie, the data governance platform, now has verified integration with Okta and is available through the Okta Integration Network (OIN), for the first time in Korea. By enabling technical partnerships in addition to its affiliation with Okta's OIN Network, QueryPie intends to highlight more succe…

QueryPie, the data governance platform, becomes Okta Integration Network partner in Korea

SEOUL, South Korea, June 4, 2021 /PRNewswire/ -- QueryPie, the data governance platform, now has verified integration with Okta and is available through the Okta Integration Network (OIN), for the first time in Korea. By enabling technical partnerships in addition to its affiliation with...

Okta Welcomes Experienced Financial Executive Jeff Epstein to Board of Directors

Okta, Inc. announced the appointment of Jeff Epstein, the former Chief Financial Officer of Oracle, to its board of directors, effective May 25, 2021

Okta Tumbles on Wider First-Quarter Loss, CFO Sudden Departure

Okta was falling Thursday after posting a wider first-quarter loss and announcing the departure of its chief financial officer.
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Okta Blogs

Content Negotiation with a Java MicroProfile Application

Content negotiation allows for an HTTP server to respond to different types of clients. Many modern clients expect a JSON response, but there may be a need to format responses differently, maybe XML for older clients or a binary format for newer ones. Content negotiation is the mechanism used to so…

Founders in Focus: Riddhiman Das of TripleBlind

Founders in Focus: Riddhiman Das of TripleBlind tobias.snodsmi… Tue, 08/03/2021 - 10:16 Each month, we’re chatting with a founder of a company in the Okta Ventures portfolio for our Founders in Focus series. It’s a chance to take a closer look at the companies at the cutting e…

Okta + atSpoke Join Forces

Okta + atSpoke Join Forces maziel.martine… Mon, 08/02/2021 - 07:45 At Okta, we pride ourselves on being a trusted partner to businesses globally as they seek to connect people and technology. And with trends around remote work, cloud migration and cybersecurity accelerating wi…

Fixing Common Problems with CORS and JavaScript

Many websites have JavaScript functions that make network requests to a server, such as a REST API. The web pages and APIs are often in different domains. This introduces security issues in that any website can request data from an API. Cross-Origin Resource Sharing (CORS) provides a solution to the…

Transformation-Ready in Higher Education: Lessons on Identity Modernization With Okta

Transformation-Ready in Higher Education: Lessons on Identity Modernization With Okta tobias.snodsmi… Fri, 07/30/2021 - 15:53 In the amidst COVID-19, higher education institutions must constantly be attentive to the latest solutions and defenses in cybersecurity. To protect an…

Spring WebClient for Easy Access to OAuth 2.0 Protected Resources

Spring ẀebClient was added as part of the reactive web stack WebFlux in Spring Framework 5.0. WebClient allows performing HTTP requests in reactive applications, providing a functional and fluent API based on Reactor, and enabling a declarative composition of asynchronous non-blocking requests witho…
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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 CyberArk Software, Microsoft and SailPoint.

  • 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.