OverviewSuggest Edit
Okta (formerly SaaSure) is a company that provides an independent identity management platform for enterprises. It offers Okta Identity Cloud, a suite of products that enables organizations to manage and secure their identities, including workforce and customers. The 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, US | Map |
| Website | okta.com | |
| Employee Ratings | More | |
| Overall Culture | C | More |
Recent NewsAll News
- Zoom, Okta, CrowdStrike: What The Vaccine Really Means For Work From Home Stocks
- Capital Market Laboratories (CMLviz) One on One with Okta (OKTA) CFO – “the world is going to change, with remote becoming the norm”
- Zoom, Okta, DocuSign: With Covid Cases Surging, Should You Revisit Work From Home Stocks?
- Okta Arms Developers With Customer-Facing Device Identity Tools
Key People/Management at Okta
Todd McKinnon
CEO and Co-Founder
Frederic Kerrest
Executive Vice Chairman, Chief Operating Officer and Co-Founder
Hector Aguilar
President, Technology
Ryan Carlson
Chief Marketing Officer
Diya Jolly
Chief Product Officer
David Bradbury
Chief Security Officer
Okta Office Locations
Okta has offices in San Francisco, Bellevue, Chicago, San Jose and in 10 other locations
San Francisco, US (HQ)
100 First Plaza, 100 1st St, San Francisco
Bellevue, US
110 110th Ave NE #610
Chicago, US
123 N Upper Wacker Dr #400
San Jose, US
300 Park Ave 4th Floor
Washington, US
700 K St NW 5th Floor
North Sydney, AU
Level 14/80 Pacific Hwy
Okta Financials and Metrics
Okta Revenue
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 (Q2, 2021) | 200.4m |
Gross profit (Q2, 2021) | 149.3m |
Gross profit margin (Q2, 2021), % | 74.5% |
Net income (Q2, 2021) | (60.1m) |
EBIT (Q2, 2021) | (45.4m) |
Market capitalization (18-Nov-2020) | 28.7b |
Closing stock price (18-Nov-2020) | 223.8 |
Cash (31-Jul-2020) | 957.2m |
EV | 29.6b |
Okta's current market capitalization is $28.7 b.
Annual
Annual
Annual
Quarterly
| USD | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (89.7m) | (26.0m) | (65.2m) | (94.7m) | (52.0m) | (94.9m) | (158.4m) | (57.7m) | (117.8m) |
Depreciation and Amortization | 5.1m | 2.1m | 3.7m | 5.8m | 3.4m | 7.9m | 12.3m | 5.5m | |
Accounts Payable | 6.3m | 2.3m | 2.6m | 1.4m | 1.6m | 1.4m | 2.0m | 3.9m | 810.0k |
Cash From Operating Activities | (25.4m) | 4.0m | (1.4m) | 5.1m | 21.3m | 20.1m | 30.8m | 38.7m | 49.6m |
Okta Operating Metrics
Okta's Enterprise Customers was reported to be 8.4 k in Q1, 2021.
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
Enterprise Customers | 4.35 k | 4.70 k | 5.15 k | 5.60 k | 6.10 k | 6.55 k | 7 k | 7.40 k | 7.95 k | 8.40 k |
$100k+ Enterprise Customers | 691 | 747 | 837 | 937 | 1.04 k | 1.14 k | 1.22 k | 1.33 k | 1.47 k | 1.58 k |
Calculated Billings | $314.93 m | $95.93 m | $109.39 m | $124.04 m | $488.22 m | $147.20 m | $155.76 m | $175.58 m | $703.56 m | $209.51 m |
Retention Rate | 121% | 121% | 121% | 120% | 120% | 119% | 118% | 117% | 119% | 121% |
Okta Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Azuqua | March 08, 2019 | |
| Workflow Automation | March 07, 2019 | $52.50 m |
| ScaleFT | July 17, 2018 | |
| Stormpath | March 06, 2017 | |
| SpydrSafe Mobile Security | November 07, 2014 | |
| Azuqua, Inc. | ||
| Okta Australia Pty Limited | ||
| Okta France SAS | ||
| Okta GmbH | ||
| Okta Identity Netherlands BV |
Okta Revenue Breakdown
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
Okta Cybersecurity Score
Okta Environment, Social & Governance (ESG) Ratings
Okta Online and Social Media Presence
30.08k Twitter followers
Okta has 30.08k Twitter Followers. The number of followers has increased 1% month over month and increased 4.7% quarter over quarter
Okta's Trends
Twitter Engagement Stats for @okta
9.9k
Tweets
2.7k
Following
30.1k
Followers
95
Tweets last 30 days
7.8
Avg. likes per Tweet
94.7%
Tweets with engagement
Okta Company Culture
Overall Culture
C
68/100
CEO Rating
A+
80/100
Compensation
D
57/100
Okta News and Updates
November 13, 2020
Zoom, Okta, CrowdStrike: What The Vaccine Really Means For Work From Home Stocks
Work and learn from home stocks have had a solid run this year, as Covid-19 drives demand for connectivity, collaboration, and cybersecurity-related software. However, a Coronavirus vaccine is looking like a real possibility in the coming quarters. So what does this mean for work from home stocks?
November 04, 2020
Capital Market Laboratories (CMLviz) One on One with Okta (OKTA) CFO – “the world is going to change, with remote becoming the norm”
LOS ANGELES, Nov. 04, 2020 (GLOBE NEWSWIRE) -- In an interview with Capital Market Laboratories (CMLviz), chief financial officer of Okta (OKTA) Bill Losch had a clear message:
November 03, 2020
Zoom, Okta, DocuSign: With Covid Cases Surging, Should You Revisit Work From Home Stocks?
The Covid-19 pandemic has forced people to increasingly work and learn from home, causing surging demand for connectivity, collaboration, and cybersecurity-related software. Our indicative theme on Work And Learn From Home Stocks is up by almost 200% year-to-date, compared to the S&P 500 which..…
October 10, 2020
Okta Arms Developers With Customer-Facing Device Identity Tools
Prominent among the tools in the new normal are online video collaboration tools (Zoom, obviously), online grocery shopping apps and mobile payment apps (many of which come from digital-only challenger banks) for those times when we might actually venture out into the world.
October 08, 2020
Salesforce teams up with Okta to assist businesses in the COVID-19 pandemic era
Salesforce Inc. and Okta Inc. today announced a new partnership to help businesses during the COVID-19 pandemic.
The partnership calls for a new integration between the Okta Identity Cloud and Salesforce Work.com that’s intended to help organizations and communities to build trust with both employe…
October 07, 2020
Okta adds new no-code workflows that use identity to trigger sales and marketing tasks
It seems that no-code is the tech watchword of the year. It refers to the ability to create something that normally would require a developer to code, and replace it with dragging and dropping components instead, putting the task in reach of much less technical business users. Today Okta announced n…
Okta Blogs
November 20, 2020
Build a Secure Spring Data JPA Resource Server
In this tutorial, you’re going to use Spring Boot and Spring Data to build a fully functioning web service with ridiculously little effort. You’re also going to use Okta to secure the web service using professional, standards-compliant OIDC JWT authentication. All of this will be bootstrapped by…
November 19, 2020
Founders in Focus: Shashank Saxena of VNDLY
Founders in Focus: Shashank Saxena of VNDLY
tobias.snodsmi…
Thu, 11/19/2020 - 15:48
For this month’s Founders in Focus series, we spoke with Shashank Saxena, co-founder and CEO of VNDLY, an Okta Ventures portfolio company. Shashank shared what drives the mission at VNDLY and how the…
November 18, 2020
Award-Winning Okta Partner Bytes: Helping Organizations Make Smarter investments
Award-Winning Okta Partner Bytes: Helping Organizations Make Smarter investments
tobias.snodsmi…
Wed, 11/18/2020 - 14:52
It’s hard to believe that only 40 years ago, the preferred data storage format was CDs, Microsoft was releasing its first version of Windows, and the Apple Macint…
November 18, 2020
The Journey to CIAM Maturity: Delight Your Customers with Embedded Automation
The Journey to CIAM Maturity: Delight Your Customers with Embedded Automation
noorisingh.sai…
Wed, 11/18/2020 - 14:32
We’ve said before that most organizations out there are only at a basic stage of CIAM maturity—and that’s still true. However, companies that invest in modern ident…
November 18, 2020
Build a secure GraphQL API with Node.js
GraphQL is a query language for APIs that provides a clear description of the data and allows clients to specify what data they need, Benefits of using GraphQL include: reduced overhead,improved performance, and reduced risk of potential errors as the API evolves. If the API enhances its functional…
November 17, 2020
The Secret to Innovation? Architectural Excellence
The Secret to Innovation? Architectural Excellence
tobias.snodsmi…
Tue, 11/17/2020 - 14:42
The heat is on for organizations everywhere. Customer needs and expectations are ever-evolving—and for many companies, that means a constant push to develop new product features. While this i…
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 Hector Aguilar.
How many employees does Okta have?
Okta has 2,489 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 $235.5 k.
Who are Okta competitors?
Competitors of Okta include Centrify, OneLogin and Auth0.
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.
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