Okta

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.) (Apr 2022)5,342(+7%)
Job Openings772
Revenue (FY, 2022)$1.3 B(+56%)
Share Price (Aug 2022)$98.5
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Okta

Todd McKinnon

Todd McKinnon

CEO & Co-Founder, Board Member
Kristina Johnson

Kristina Johnson

Chief People Officer
Diya Jolly

Diya Jolly

Chief Product Officer
Chris Kramer

Chris Kramer

Chief Accounting Officer
David Bradbury

David Bradbury

Chief Security Officer
Frederic Kerrest

Frederic Kerrest

Executive Vice Chairman, Chief Operating Officer and Co-Founder
Show more

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
Show all (17)

Okta Financials and Metrics

Okta Revenue

Embed Graph
View revenue for all periods
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
USDFY, 2020FY, 2021FY, 2022

Revenue

586.1m835.4m1.3b

Revenue growth, %

47%43%56%

Cost of goods sold

159.4m217.7m396.4m

Gross profit

426.7m617.7m903.8m
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022Q1, 2023

Revenue

182.9m200.4m217.4m251.0m315.5m350.7m414.9m

Cost of goods sold

48.5m51.1m56.9m66.1m101.1m109.7m131.2m

Gross profit

134.4m149.3m160.5m184.9m214.4m241.0m283.8m

Gross profit Margin, %

73%74%74%74%68%69%68%
Annual
USDFY, 2020FY, 2021FY, 2022

Cash

520.0m434.6m260.1m

Accounts Receivable

130.1m194.8m397.5m

Prepaid Expenses

33.0m81.6m66.6m

Current Assets

1.6b2.9b3.0b
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022Q1, 2023

Cash

619.2m957.2m409.8m659.9m225.3m372.4m194.2m

Accounts Receivable

111.0m110.5m139.5m218.5m238.5m253.6m258.9m

Prepaid Expenses

40.9m44.1m82.0m55.8m115.3m56.8m75.5m

Current Assets

1.6b2.7b2.8b3.0b2.9b2.9b2.9b
Annual
USDFY, 2020FY, 2021FY, 2022

Net Income

(208.9m)(266.3m)(848.4m)

Depreciation and Amortization

17.8m36.9m107.6m

Accounts Payable

1.7m4.1m6.8m

Cash From Operating Activities

55.6m128.0m104.1m
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022Q1, 2023

Net Income

(57.7m)(117.8m)(190.5m)(109.2m)(385.9m)(607.2m)(242.7m)

Depreciation and Amortization

5.5m12.7m23.7m13.1m44.9m76.6m30.1m

Accounts Payable

3.9m810.0k1.4m1.6m(2.0m)(195.0k)15.2m

Cash From Operating Activities

38.7m49.6m93.1m56.1m53.5m90.6m18.8m
USDFY, 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)
Show all financial metrics

Okta Operating Metrics

Okta's Enterprise Customers was reported to be 15.8 k in Q1, 2023.

Okta Acquisitions / Subsidiaries

Company NameDateDeal Size
atSpokeAugust 02, 2021$79.3 m
Auth0, IncMay 03, 2021$5.67 b
Azuqua, IncMarch 18, 2019$52.5 m
ScaleFT, IncJuly 13, 2018
StormpathMarch 05, 2017
SpydrSafe Mobile SecurityNovember 07, 2014
Auth0 Argentina S.A.
Auth0 Australia Pty Ltd
Auth0, Inc.
Auth0 International LLC
Show more

Okta Revenue Breakdown

Embed Graph

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

Human Capital Metrics

Embed Graph

Okta Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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

Embed Graph

Okta Company Culture

  • Overall Culture

    C+

    72/100

  • CEO Rating

    A

    78/100

  • Compensation

    C

    65/100

  • Diversity

    A

    81/100

Learn more on Comparably

Okta News and Updates

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/ --...

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…

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...

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…

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…

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...
Show more

Okta Blogs

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…

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…

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…

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…

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…

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…
Show more

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.