Okta
- Enterprise Customers15.8 KQ1, 2023
- Revenue$1.3 BFY, 2022
- Market Capitalization$15.5 B2022-08-01
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.
| Type | Public | |
| Founded | 2009 | |
| HQ | San Francisco, CA, US | Map |
| Website | okta.com | |
| Employee Ratings | ||
| Overall Culture | C+ | More |
Recent NewsAll News
- Authomize Uncovers Clear Text Password Risk Exposing Okta Customers to Exploitation
- OKTA FINAL DEADLINE: ROSEN, A TOP RANKED LAW FIRM, Encourages Okta, Inc. Investors with Losses to Secure Counsel Before Important July 19 Deadline in Securities Class Action – OKTA
- OKTA TUESDAY INVESTOR DEADLINE: Okta, Inc. Investors with Substantial Losses Have Opportunity to Lead the Class Action Lawsuit
- UPCOMING OKTA INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Okta, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Key People/Management at Okta
Todd McKinnon
CEO & Co-Founder, Board Member
Kristina Johnson
Chief People Officer
Diya Jolly
Chief Product Officer
Chris Kramer
Chief Accounting Officer
David Bradbury
Chief Security Officer
Frederic Kerrest
Executive Vice Chairman, Chief Operating Officer and Co-Founder
Okta Office Locations
Okta has offices in San Francisco, Bellevue, Chicago, New York and in 13 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
New York, NY, US
920 Broadway 6th Floor
San Jose, CA, US
300 Park Ave 4th Floor
Washington, DC, US
700 K St NW 5th Floor
Okta Financials and Metrics
Okta Revenue
Okta's revenue was reported to be $1.3 b in FY, 2022 which is a 55.6% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2023) | 414.9m |
Gross profit (Q1, 2023) | 283.8m |
Gross profit margin (Q1, 2023), % | 68.4% |
Net income (Q1, 2023) | (242.7m) |
EBIT (Q1, 2023) | (239.7m) |
Market capitalization (1-Aug-2022) | 15.5b |
Closing stock price (1-Aug-2022) | 98.5 |
Cash (30-Apr-2022) | 194.2m |
EV | 17.7b |
Okta's current market capitalization is $15.5 b.
Annual
Annual
Annual
Quarterly
| USD | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 | Q1, 2023 |
|---|---|---|---|---|---|---|---|
Net Income | (57.7m) | (117.8m) | (190.5m) | (109.2m) | (385.9m) | (607.2m) | (242.7m) |
Depreciation and Amortization | 5.5m | 12.7m | 23.7m | 13.1m | 44.9m | 76.6m | 30.1m |
Accounts Payable | 3.9m | 810.0k | 1.4m | 1.6m | (2.0m) | (195.0k) | 15.2m |
Cash From Operating Activities | 38.7m | 49.6m | 93.1m | 56.1m | 53.5m | 90.6m | 18.8m |
| USD | FY, 2020 |
|---|---|
EV/EBIT | -86.7 x |
EV/CFO | 289.6 x |
Revenue/Employee | 290.2k |
Debt/Equity | 2.7 x |
Debt/Assets | 0.6 x |
Financial Leverage | 4.8 x |
P/E Ratio | (71.9) |
Okta Operating Metrics
Okta's Enterprise Customers was reported to be 15.8 k in Q1, 2023.
| FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | FY, 2021 | Q1, 2022 | Q2, 2022 | Q3, 2022 | FY, 2022 | Q1, 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
Enterprise Customers | 7.95 k | 8.4 k | 8.95 k | 9.4 k | 10 k | 10.65 k | 13.05 k | 14 k | 15 k | 15.8 k |
$100k+ Enterprise Customers | 1.47 k | 1.58 k | 1.69 k | 1.78 k | 1.95 k | 2.08 k | 2.61 k | 2.83 k | 3.1 k | 3.31 k |
Calculated Billings | $703.56 m | $209.51 m | $198.08 m | $252.36 m | $975.99 m | $364.03 m | $362.36 m | $388.68 k | $1.72 b | $389.17 m |
Retention Rate | 119% | 121% | 121% | 123% | 121% | 120% | 124% | 122% | 124% | 123% |
Okta Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| atSpoke | August 02, 2021 | $79.3 m |
| Auth0, Inc | May 03, 2021 | $5.67 b |
| Azuqua, Inc | March 18, 2019 | $52.5 m |
| ScaleFT, Inc | July 13, 2018 | |
| Stormpath | March 05, 2017 | |
| SpydrSafe Mobile Security | November 07, 2014 | |
| Auth0 Argentina S.A. | ||
| Auth0 Australia Pty Ltd | ||
| Auth0, Inc. | ||
| Auth0 International LLC |
Okta Revenue Breakdown
Okta revenue breakdown by business segment: 96.1% from Subscription and 3.9% from Other
Okta revenue breakdown by geographic segment: 20.3% from International and 79.7% from United States
Okta Cybersecurity Score
Okta Environment, Social & Governance (ESG) Ratings
Okta Online and Social Media Presence
41.45k Twitter followers
Okta has 41.45k Twitter Followers. The number of followers has increased 0.7% month over month and increased 1.3% quarter over quarter
Okta's Trends
Twitter Engagement Stats for @okta
11k
Tweets
2.7k
Following
41.4k
Followers
39
Tweets last 30 days
3.5
Avg. likes per Tweet
97.4%
Tweets with engagement
Okta Company Culture
Overall Culture
C+
72/100
CEO Rating
A
78/100
Compensation
C
65/100
Diversity
A
81/100
Okta News and Updates
July 19, 2022
Authomize Uncovers Clear Text Password Risk Exposing Okta Customers to Exploitation
Inherent design risks leave the users of Okta exposed to potential theft of all employee passwords in clear text, privilege escalation by app admins, and impersonation, highlighting the need to add a security layer around IAM systems TEL AVIV, Israel, July 19, 2022 /PRNewswire/ --...
July 17, 2022
OKTA FINAL DEADLINE: ROSEN, A TOP RANKED LAW FIRM, Encourages Okta, Inc. Investors with Losses to Secure Counsel Before Important July 19 Deadline in Securities Class Action – OKTA
NEW YORK, July 17, 2022 (GLOBE NEWSWIRE) -- WHY: New York, N.Y., July 17, 2022. Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Okta, Inc. (NASDAQ: OKTA) between March 5, 2021 and March 22, 2022, both dates inclusive (the “Class Period”), of the importan…
July 16, 2022
OKTA TUESDAY INVESTOR DEADLINE: Okta, Inc. Investors with Substantial Losses Have Opportunity to Lead the Class Action Lawsuit
SAN DIEGO, July 16, 2022 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that investors that purchased or otherwise acquired Okta, Inc. (NASDAQ: OKTA) securities between March 5, 2021 and March 22, 2022, inclusive (the "Class Period") have until this Tuesday, July 19, 2022 to...
July 12, 2022
UPCOMING OKTA INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Okta, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
SAN DIEGO, July 12, 2022 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that investors that purchased or otherwise acquired Okta, Inc. (NASDAQ: OKTA) securities between March 5, 2021 and March 22, 2022, both dates inclusive (the “Class Period”) have until Tuesday, July 19, 2022…
July 10, 2022
OKTA DEADLINE NOTICE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Okta, Inc. Investors with Losses to Secure Counsel Before Important July 19 Deadline in Securities Class Action – OKTA
NEW YORK, July 10, 2022 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Okta, Inc. (NASDAQ: OKTA) between March 5, 2021 and March 22, 2022, both dates inclusive (the “Class Period”), of the important July 19, 2022 lead plaintiff d…
July 09, 2022
OKTA INC. (NASDAQ: OKTA) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors With Losses in Excess of $100,000 of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Okta Inc. (NASDAQ: OKTA)
Did you lose money on investments in Okta? If so, please visit Okta Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights. NEW YORK, July 8, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed...
Okta Blogs
July 28, 2022
Four IAM Best Practices to Secure Customer Identity
Four IAM Best Practices to Secure Customer Identity
desirae.latorr…
Thu, 07/28/2022 - 15:45
61% of 2021 breaches involved credentials. Almost every company has employees, users, and/or customers who enjoy access to proprietary information and c…
July 27, 2022
Okta Demonstrates Commitment to Trust and the General Data Protection Regulation With EU Cloud Code of Conduct Adherence
Okta Demonstrates Commitment to Trust and the General Data Protection Regulation With EU Cloud Code of Conduct Adherence
desirae.latorr…
Wed, 07/27/2022 - 16:11
Okta has obtained EU Cloud Code of Conduct (EU Cloud CoC) Level 2 Adherence. As the only pan-European code of cond…
July 26, 2022
Meet the Expert: Josh Pritchett
Meet the Expert: Josh Pritchett
desirae.latorr…
Tue, 07/26/2022 - 10:00
Connecting roughly 50 million unique users within a network of clinics, offices, practitioners, and specialists across the USA means securely storing extremely sensitive data—then sharing it with thousan…
July 19, 2022
Okta Response to Security Report
Okta Response to Security Report
katie.ryan@okta.com
Tue, 07/19/2022 - 14:43
On July 19, 2022, a security consultancy released a blog post with claims related to the security of specific features of the Okta service. Prior to the release of their blog post, the security rese…
July 19, 2022
Get Secure, Seamless Access With End-to-End Passwordless Experiences
Get Secure, Seamless Access With End-to-End Passwordless Experiences
parmstead@okta.com
Tue, 07/19/2022 - 14:01
Across all applications, businesses, and industries, countless interactions among employees, partners, and consumers occur in the di…
July 15, 2022
New Okta Enhancements Help You Build Highly Scalable, Secure Apps
New Okta Enhancements Help You Build Highly Scalable, Secure Apps
desirae.latorr…
Fri, 07/15/2022 - 16:17
Application attacks are on the rise. According to F5’s The State of the State of Application Exploits in Security Incidents, 56% of the la…
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, Kristina Johnson and Diya Jolly.
How many employees does Okta have?
Okta has 5,342 employees.
What is Okta revenue?
Latest Okta annual revenue is $1.3 b.
What is Okta revenue per employee?
Latest Okta revenue per employee is $243.4 k.
Who are Okta competitors?
Competitors of Okta include Entrust, Citrix Systems and CyberArk Software.
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, New York and in 13 other locations.
How many offices does Okta have?
Okta has 17 offices.
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