Company Growth (employees)
Okta was founded in 2009 and is headquartered in San Francisco, US
Key People at Okta
Todd McKinnon
CEO & Co-Founder
Bill Losch
Chief Financial Officer
Eric Berg
Chief Product Officer
Hector Aguilar
Chief Technology Officer & Executive Vice President of Engineering
Yassir Abousselham
Chief Security Officer
Okta Office Locations
Okta has offices in San Francisco, Bellevue, Amsterdam, London and in 14 other locations
San Francisco, US (HQ)
301 Brannan Street, Suite 300
North Sydney, AU
100 Walker St
London, GB
503 201 Borough High St
Amsterdam, NL
Benelux Barbara Strozzilaan 201
Bellevue, US
Key Center, 601 108th Avenue Northeast 19th Floor, Suite 1934
Okta Data and Metrics
Okta Financial Metrics
Okta's revenue was reported to be $85.9 m in FY, 2016 which is a 109% increase from the previous period.
USD
Revenue (FY, 2016) | 85.9 m |
Revenue growth (FY, 2015 - FY, 2016), % | 109% |
Gross profit (FY, 2016) | 49.9 m |
Gross profit margin (FY, 2016), % | 58% |
Net income (FY, 2016) | (76.3 m) |
EBIT (FY, 2016) | (76 m) |
Market capitalization (20-Jul-2017) | 321.4 m |
Closing share price (20-Jul-2017) | 24.2 |
Cash (31-Dec-2016) | 54.4 m |
Okta's current market capitalization is $321.4 m.
- Source: SEC Filings
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Revenue | 41 m | 85.9 m |
Revenue growth, % | 109% | |
Cost of goods sold | 18.7 m | 36 m |
Gross profit | 22.3 m | 49.9 m |
Gross profit Margin, % | 54% | 58% |
Sales and marketing expense | 49.1 m | 77.9 m |
R&D expense | 18.4 m | 28.8 m |
General and administrative expense | 19.2 m | 13.6 m |
Operating expense total | 86.7 m | 120.3 m |
EBIT | (58.8 m) | (76 m) |
EBIT margin, % | (143%) | (88%) |
Interest expense | 199 k | 19 k |
Pre tax profit | (59 m) | (76 m) |
Net Income | (59.1 m) | (76.3 m) |
- Source: SEC Filings
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Cash | 18.2 m | 54.4 m |
Accounts Receivable | 13.1 m | 23 m |
Current Assets | 82.5 m | 125.7 m |
PP&E | 1.5 m | 5.2 m |
Goodwill | 2.6 m | 2.6 m |
Total Assets | 97.1 m | 149.8 m |
Accounts Payable | 4.2 m | 5.9 m |
Current Liabilities | 50.5 m | 87.1 m |
Non-Current Liabilities | 59.7 m | 102.9 m |
Total Liabilities | 110.2 m | 190 m |
Common Stock | 2 k | 2 k |
Preferred Stock | 154.5 m | 228 m |
Additional Paid-in Capital | 10.9 m | 23.4 m |
Retained Earnings | (128.1 m) | (204.4 m) |
Total Equity | (117.2 m) | (181.1 m) |
EPS | (3.7) | (4.3) |
Financial Leverage | -0.8 x | -0.8 x |
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Net Income | (59.1 m) | (76.3 m) |
Depreciation and Amortization | 1.9 m | 2.9 m |
Accounts Receivable | (7.2 m) | (10.7 m) |
Accounts Payable | 2.8 m | 962 k |
Cash From Operating Activities | (32.7 m) | (41.5 m) |
Purchases of PP&E | (1.2 m) | (4.1 m) |
Cash From Investing Activities | (48.6 m) | 1.2 m |
Cash From Financing Activities | 77.3 m | 76.8 m |
| USD | Y, 2016 |
|---|---|
P/E Ratio | (5.6) |
Revenue/Employee | 105.6 k |
Financial Leverage | -0.8 x |
Okta Operating Metrics
Okta's Users was reported to be 40 m in Oct, 2016. Okta's Customers was reported to be 2.9 k in Oct, 2016
- Source: TechCrunch, SEC Filings
Okta Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| Stormpath | March 06, 2017 |
Okta Market Value History
Okta Revenue Breakdown
Okta Median Salaries
Source: 117 public H-1B filings from Okta
Market Position of Okta
Traffic Overview of Okta
Okta Online and Social Media Presence
Okta News and Updates
June 29, 2017
Okta Appoints Yassir Abousselham as Chief Security Officer
PRESS RELEASE: Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced the appointment of Yassir Abousselham as Chief Security Officer. Abousselham brings nearly 20 years of experience leading...
June 28, 2017
Okta Extends Canadian Presence with New Downtown Toronto Office
PRESS RELEASE: Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, today announced the opening of its new Canadian office in downtown Toronto. With the new office, Okta will tap into the area's diverse high-technology...
June 12, 2017
An Execution Leader: Okta Named a Leader in Inaugural Gartner Magic Quadrant for Access Management, Worldwide
PRESS RELEASE: Okta, Inc., the leading independent provider of identity for the enterprise, today announced that the company has been recognized by Gartner Inc. as a Leader in the "Magic Quadrant for Access Management, Worldwide 2017." In the...
June 07, 2017
Okta soars 5% after first earnings report
Okta reported its first quarterly results since going public in April. The company managed to surpass investors’ expectations and went up 5 percent in initial after-hours trading. Okta, which provides identity management software for businesses, brought in $53 million in revenue, a 67 percent incre…
May 11, 2017
Okta Moves to Modernize Critical Government Identity Infrastructure, Achieves FedRAMP Certification From the U.S. Government
PRESS RELEASE: Okta, the leading independent provider of identity for the enterprise, today announced it has received Moderate certification in the Federal Risk and Authorization Management Program (FedRAMP). The U.S. government-wide program...
April 07, 2017
Okta pops as Wall Street continues to take a shine to the enterprise
Okta came out of the gate strong today in its Wall Street debut, attracting the type of institutional investors CEO Todd McKinnon says should be around for the long haul. This IPO comes at a time when Wall Street appears ready to embrace enterprise technology companies. Read More