Okta operates an integrated system that connects 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
HQSan Francisco, US
Founded2009
Size (employees)1,176 (est)+31%
Websiteokta.com
Okta was founded in 2009 and is headquartered in San Francisco, US
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Key People/Management at Okta

Todd McKinnon

Todd McKinnon

CEO & Co-Founder, CEO & Co-Founder Okta, Inc
Frederic Kerrest

Frederic Kerrest

COO & Co-Founder, COO & Co-Founder Okta, Inc
Charles Race

Charles Race

President, Worldwide Field Operations
Yassir Abousselham

Yassir Abousselham

Chief Security Officer
Hector Aguilar

Hector Aguilar

Chief Technology Officer & Executive Vice President of Engineering
Krista Anderson-Copperman

Krista Anderson-Copperman

Chief Customer Officer
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Okta Office Locations

Okta has offices in Washington, Sydney, Amsterdam, San Jose and in 15 other locations
San Francisco, US (HQ)
301 Brannan Street
Bellevue, US
110 110th Avenue Northeast Suite 610
San Jose, US
300 Park Avenue
Washington, US
718 7th St. NW
North Sydney, AU
100 Walker St
Sydney, AU
80 Pacific Hwy, Level 14
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Okta Financials and Metrics

Okta Revenue

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Okta's revenue was reported to be $259.99 m in FY, 2017 which is a 62.2% increase from the previous period.
USD

Revenue (Q2, 2019)

94.6m

Gross profit (Q2, 2019)

66.4m

Gross profit margin (Q2, 2019), %

70.2%

Net income (Q2, 2019)

(39.2m)

EBIT (Q2, 2019)

(38.4m)

Market capitalization (15-Oct-2018)

6.4b

Closing stock price (15-Oct-2018)

58.2

Cash (31-Jul-2018)

192.9m
Okta's current market capitalization is $6.4 b.
Annual
USDFY, 2015FY, 2016FY, 2017

Revenue

85.9m160.3m260.0m

Revenue growth, %

109%87%62%

Cost of goods sold

36.0m55.9m80.8m

Gross profit

49.9m104.4m179.2m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2019

Revenue

31.8m37.4m42.3m53.0m61.0m68.2m83.6m94.6m

Cost of goods sold

12.4m13.8m14.1m17.5m19.7m21.1m24.1m28.2m

Gross profit

19.4m23.7m28.2m35.5m41.3m47.1m59.5m66.4m

Gross profit Margin, %

61%63%67%67%68%69%71%70%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

54.4m221.7m127.9m

Accounts Receivable

23.0m32.2m52.2m

Prepaid Expenses

4.6m7.0m17.0m

Current Assets

125.7m279.8m315.4m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2019

Cash

221.7m126.5m137.6m211.8m192.9m

Accounts Receivable

32.2m35.3m46.9m50.4m

Prepaid Expenses

10.3m12.9m10.0m20.2m

Current Assets

279.8m274.7m294.7m636.2m633.4m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(59.1m)(76.3m)(114.4m)

Depreciation and Amortization

1.9m2.9m7.0m

Accounts Payable

2.8m962.0k3.5m

Cash From Operating Activities

(32.7m)(41.5m)(25.2m)
Quarterly
USDQ1, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2019

Net Income

(22.8m)(65.3m)(28.9m)(55.9m)(89.7m)(26.0m)(65.2m)

Depreciation and Amortization

887.0k3.2m1.6m3.3m5.1m2.1m3.7m

Accounts Payable

3.7m2.5m3.8m1.2m6.3m2.3m2.6m

Cash From Operating Activities

(15.0m)(35.4m)(9.9m)(25.4m)(25.4m)4.0m(1.4m)
USDY, 2018

Financial Leverage

3.1 x
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Okta Operating Metrics

Okta's Customers was reported to be 4.7 k in Q1, 2018. Okta's Users was reported to be 40 m in Q3, 2016.
FY, 2014Q3, 2016FY, 2015FY, 2016Q1, 2017Q2, 2018Q3, 2017FY, 2017Q1, 2018

Calculated Billings

$68.10 m$131.80 m$118.02 m$194.52 m$59.93 m$131.61 m$210.17 m$314.93 m$95.93 m

Customers

1.32 k2.90 k2.23 k3.11 k3.35 k3.65 k3.95 k4.35 k4.70 k

Users

40 m
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Okta Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
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: 8.0% from Professional services and other and 92.0% from Subscription

Human Capital Metrics

Okta's employees are reported to be approximately 26% female and 74% male.
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Okta Online and Social Media Presence

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Okta News and Updates

The Ratings Game: Okta, Palo Alto Networks drive cybersecurity gains on anniversary of Equifax hack disclosure

Cybersecurity stocks rise following strong earnings from Okta Inc. and Palo Alto Networks Inc., adding to solid gains over the past year following the disclosure of a massive data breach at Equifax Inc.

The Ratings Game: Okta, Palo Alto Networks highs drive cybersecurity gains on anniversary of Equifax hack disclosure

Cybersecurity stocks rise following strong earnings from Okta Inc. and Palo Alto Networks Inc., adding to solid gains over the past year following the disclosure of a massive data breach at Equifax Inc.

Okta shares soar as revenue blows away estimates

Shares of cloud identity management provider Okta Inc. soared after hours as the company vaporized analyst revenue estimates and soundly beat earnings expectations. Second-quarter revenue jumped 57 percent from a year ago, to $94.6 million. That was more than 10 percent better than analysts’ consen…

Password security company Okta soars 16% on major earnings and revenue beat (OKTA)

Okta stock soared 16% Thursday after the single sign-on platform beat Wall Street's expectations across the board.  The company's quarterly losses lessened, and it projected continued growth in the upcoming third quarter.  Okta shares soared 16% in after hours trading Thursday after the single si…

Okta shares rally on company's narrower quarterly loss, revenue beat

Shares of Okta Inc. jumped more than 16% in the extended session Thursday after the company reported a narrower-than-expected adjusted quarterly loss and revenue topped views. Okta said it lost $39.2 million, or 37 cents a share, in the fiscal second quarter, compared with a loss of $26 million, or…

Okta Snaps Up ScaleFT, Takes Aim at $50 Billion VPN Market

Strategic acquisition gives Okta zero trust credentials The post Okta Snaps Up ScaleFT, Takes Aim at $50 Billion VPN Market appeared first on Computer Business Review.
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Okta Blogs

A Seamless Shift to the Cloud: Okta for Biotech and Pharma

Pharmaceutical companies are at the forefront of innovation, but protecting patient data still needs to be a top priority. Many of these companies have a distributed, fluid, and mobile workforce. This involves physicians in hospitals, clinics, and labs; sales representatives or pharmacists around t…

How Okta Integrates With Your Legacy Apps in 18 Different Ways

Okta integrates everything! That includes Hybrid IT scenarios with your legacy apps, your custom apps, your proprietary apps, as well as your infrastructure. Today, we’re releasing an eBook covering 18 standard-based integration patterns Okta supports to connect identities to your legacy apps and …

Simple Token Authentication for Java Apps

JSON Web Tokens have quickly become the standard for securing web applications, superseding older technologies like cookies and sessions. Used properly, they address a range of security concerns, including cross-site scripting attacks (XSS), man-in-the-middle attacks (MITM), and cross-site request f…

Get Started with Blazor and WebAssembly

If you’re a modern web dev, you’re probably using JavaScript. Until recently, it was the only serious choice for more web development. For those of us who may not have JS as their primary language competency (but who are still interested in building web apps) that world is beginning to change. T…

A Vision for the Future: Women at Okta Take on Grace Hopper Celebration

The question I’m asked most frequently is, “What is it like to be a women in tech?” When they find out I work in engineering they are even more curious. “Is that challenging for you?” “Is there gender bias?” “Do you find it tiring to be surrounded by men all day?” I always want to answer that I don…

A Vision for the Future: Women @ Okta Take on Grace Hopper Celebration

The question I’m asked most frequently is, “What is it like to be a women in tech?” When they find out I work in engineering they are even more curious. “Is that challenging for you?” “Is there gender bias?” “Do you find it tiring to be surrounded by men all day?” I always want to answer that I don…
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Okta Company Life and Culture

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