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.
Type
Public
HQ
San Francisco, US
Founded
2009
Size (employees)
1,176 (est)+31%
Website
okta.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
Frederic Kerrest

Frederic Kerrest

COO & Co-Founder
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 Financials

Okta's revenue was reported to be $85.91 m in FY, 2016 which is a 109.5% increase from the previous period.
USD

Revenue (Q3, 2018)

68.2 m

Gross profit (Q3, 2018)

47.1 m

Gross profit margin (Q3, 2018), %

69%

Net income (Q3, 2018)

(33.8 m)

EBIT (Q3, 2018)

(35.2 m)

Market capitalization (25-May-2018)

5.5 b

Closing share price (25-May-2018)

51.9

Cash (31-Oct-2017)

137.6 m
Okta's current market capitalization is $5.5 b.
Annual
USDFY, 2015FY, 2016

Revenue

41 m85.9 m

Revenue growth, %

109%

Cost of goods sold

18.7 m36 m

Gross profit

22.3 m49.9 m
Quarterly
USDQ2, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

37.4 m53 m61 m68.2 m

Cost of goods sold

13.8 m17.5 m19.7 m21.1 m

Gross profit

23.7 m35.5 m41.3 m47.1 m

Gross profit Margin, %

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

Cash

18.2 m54.4 m221.7 m

Accounts Receivable

13.1 m23 m32.2 m

Prepaid Expenses

3.3 m4.6 m7 m

Current Assets

82.5 m125.7 m279.8 m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018

Cash

221.7 m126.5 m137.6 m

Accounts Receivable

32.2 m35.3 m46.9 m

Prepaid Expenses

10.3 m12.9 m10 m

Current Assets

279.8 m274.7 m294.7 m
Annual
USDFY, 2015FY, 2016

Net Income

(59.1 m)(76.3 m)

Depreciation and Amortization

1.9 m2.9 m

Accounts Payable

2.8 m962 k

Cash From Operating Activities

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

Net Income

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

Depreciation and Amortization

887 k3.2 m1.6 m3.3 m5.1 m

Accounts Payable

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

Cash From Operating Activities

(15 m)(35.4 m)(9.9 m)(25.4 m)(25.4 m)
USDY, 2017

Revenue/Employee

75.9 k

Financial Leverage

2 x
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Okta Operating Metrics

Okta's Customers was reported to be 4.4 k in FY, 2018. Okta's Users was reported to be 40 m in Oct, 2016.
FY, 2015Q3, 2016FY, 2016Oct, 2016Q3, 2017FY, 2017FY, 2018

Calculated Billings

$68.10 m$80.92 m$118.02 m$131.80 m$194.52 m$314.93 m

Customers

1.32 k2 k2.23 k2.90 k2.91 k3.11 k4.35 k

Users

40 m
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Okta Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Stormpath (49)March 06, 2017
Okta Australia Pty Limited
Okta UK LTD
SpydrSafe Mobile Security, Inc.
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Okta News and Updates

President Obama says it feels 'pretty good' not to be president any more — and he threw some shade in Trump's direction

President Obama says he is enjoying life after the Oval Office. He says that one particular thing about life after the Oval Office is great: he gets more sleep. And he couldn't resist throwing a subtle barb at the work habits of the current president. For the most part, President Obama is stayin…

Obama warns: if America stays so divided, our democracy and economy won’t survive

Former President Barack Obama remains hopeful that America can solve its political divisiveness. But he also has a stark warning for the US: Our economy and our democracy are at risk if we can't get past the finger-pointing, partisan morass that has gridlocked the nation for years. Obama also said…

Obama made a joke about ‘the modern presidency’ and people ‘going to jail’

President Barack Obama had a rule in his White House that no one would get in trouble for making a mistake as long as there wasn't "malicious intent" behind it, he said at a tech conference in Las Vegas on Wednesday. Obama said this rule worked great, which is why his administration "didn't have s…

Okta Announces Grant to Fast Forward, Technology Nonprofit Community

PRESS RELEASE: Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced the next grantee of the Okta for Good Fund, Fast Forward, an organization that funds and supports nonprofit entrepreneurs...

Obama sounds off on the need for Silicon Valley tech companies to be regulated and improve the way they handle data breaches

Barack Obama talked about Silicon Valley and the need for regulation at a recent tech conference in Las Vegas. The former president said that both tech companies and lawmakers in Washington need to be more "proactive" in figuring out "a framework" for future regulation. He also criticized the way …

Okta and Workplace by Facebook Partner to Power and Secure Enterprise Collaboration

PRESS RELEASE: Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, and Workplace by Facebook today announced a partnership and product integration to give enterprises a simple, secure way to enable modern...
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