OverviewSuggest Edit

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
Founded2009
HQSan Jose, US
Websiteokta.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Feb 2019)1,176(-16%)
Job Openings269
Revenue (FY, 2017)$260 M(+63%)
Share Price (Mar 2019)$80.5

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 San Jose, San Francisco, Washington, Dallas and in 7 other locations
San Francisco, US (HQ)
100 First Plaza, 100 1st St, San Francisco
San Jose, US (HQ)
300 Park Ave 4th Floor
Bellevue, US
110 110th Ave NE #610
Dallas, US
Dallas, TX, USA
Washington, US
616 H St NW 3rd floor
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 (Q3, 2019)

105.6m

Gross profit (Q3, 2019)

75.9m

Gross profit margin (Q3, 2019), %

71.9%

Net income (Q3, 2019)

(29.5m)

EBIT (Q3, 2019)

(28.5m)

Market capitalization (13-Mar-2019)

8.9b

Closing stock price (13-Mar-2019)

80.5

Cash (31-Oct-2018)

195.9m
Okta's current market capitalization is $8.9 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, 2019Q3, 2019

Revenue

31.8m37.4m42.3m53.0m61.0m68.2m83.6m94.6m105.6m

Cost of goods sold

12.4m13.8m14.1m17.5m19.7m21.1m24.1m28.2m29.7m

Gross profit

19.4m23.7m28.2m35.5m41.3m47.1m59.5m66.4m75.9m

Gross profit Margin, %

61%63%67%67%68%69%71%70%72%
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, 2019Q3, 2019

Cash

221.7m126.5m137.6m211.8m192.9m195.9m

Accounts Receivable

32.2m35.3m46.9m50.4m

Prepaid Expenses

10.3m12.9m10.0m20.2m

Current Assets

279.8m274.7m294.7m636.2m633.4m658.1m
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, 2019Q3, 2019

Net Income

(22.8m)(65.3m)(28.9m)(55.9m)(89.7m)(26.0m)(65.2m)(94.7m)

Depreciation and Amortization

887.0k3.2m1.6m3.3m5.1m2.1m3.7m5.8m

Accounts Payable

3.7m2.5m3.8m1.2m6.3m2.3m2.6m1.4m

Cash From Operating Activities

(15.0m)(35.4m)(9.7m)(15.9m)(25.4m)4.0m(1.4m)5.1m
USDY, 2018

Financial Leverage

3.3 x
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Okta Operating Metrics

Okta's Customers was reported to be 5.6 k in Jan, 2019. Okta's Users was reported to be 40 m in Q3, 2016. Okta's Registered Users was reported to be 100 m in Jan, 2019.
FY, 2014Q3, 2016FY, 2015FY, 2016Q1, 2017Q2, 2018Q3, 2017FY, 2017Q1, 2018Jan, 2019

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 k5.60 k

Registered Users

100 m

Users

40 m
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Okta Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
AzuquaMarch 08, 2019
Workflow AutomationMarch 07, 2019$52.50 m
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

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Okta Online and Social Media Presence

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Okta News and Updates

Okta shares drop on weak bottom-line outlook

Okta Inc. shares dropped in the extended session Thursday after the identity-management company's bottom-line outlook fell well short of Wall Street estimates. Okta shares dropped 10% after hours, following a 1.5% rise to close the regular session at $81.21. Okta said it expects an adjusted loss of…

Okta Says It Will Acquire Workflow Automation Startup for $52.5 Million

The technology will integrate workplaces databases on companies' backends.

Here are the 10 fastest-growing work apps of 2018, according to $9 billion security company Okta (OKTA)

As it celebrates its 10th anniversary this week, Okta, the $9 billion security and identity management company, has released its annual report of the fastest-growing work apps of the year. This is the fifth year that Okta, which now has over 100 million users, has released this annual report. Okta …

Mobile Identity Management 2019 Global Market Key Players – CA Technologies, Centrify, Gemalto, Oracle, OneLogin, HID Global Corporation, Cisco, T-Systems, Okta, Juniper Networks, Ericsson, Verisec, IBM......

Mobile Identity Management – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday

Identity and Access Management Market: Comprehensive study explores Huge Growth by Okta, Experian, Janrain, Mitek Systems

HTF MI recently introduced Global Identity and Access Management Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. Posted via Industry Today. Follow us on Twitter @IndustryToday

She helped one company define a new market. Now, former MetricStream CEO Shellye Archambeau is joining $7.4 billion Okta to do it again (OKTA)

On Thursday, Okta shareholders voted to bring Shellye Archambeau, former CEO of MetricStream, on to its board of directors. Okta CEO Todd McKinnon believes Archambeau's experience in helping a company define a new category will help Okta as it continues to define itself in security and identity ma…
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Okta Blogs

Okta + Azuqua to Join Forces

Todd McKinnon and I have always strived to make Okta an iconic technology company, and we know our relentless innovation and laser focus on customer success are what will set us apart. Today, we’re happy to announce a step forward in our vision to enable any organization to use any technology — we’…

Celebrating Okta's Commitment to #BalanceForBetter on International Women's Day 2019

Each year, on March 8, we come together as a global community to celebrate the social, economic, cultural and political achievements of women. International Women's Day serves not only as a day of recognition and celebration, but also marks a call to action for accelerating gender parity. Because t…

[Oktane19] Personas - Security Experts

Sections:  [Oktane 19] Personas - Security Experts Body [Oktane19] Personas - Security Experts Sessions [Oktane19] Personas- CTA

How to Scale IT Teams: What We Learned from Okta's Own Journey

Okta helps organizations around the world scale, modernize, and bolster their technology—but what do our own IT teams and processes look like? In honor of Okta’s 10-year anniversary, we took a peek under the hood and explored some of our biggest takeaways from the past decade. We sat down with Chri…

This Is Oktane Like You’ve Never Seen It

I say this every year, but Oktane is my favorite time of the year. Today, I’m excited to announce a jam-packed agenda and impressive lineup of guest keynote speakers for Oktane19. And this year we’re headed back to where it all started: we will be in San Francisco, at Moscone West, April 1st - 4th.…

Culture Doesn’t Come Overnight: Reflections on Putting People First

Earlier this month, we celebrated Okta’s ten year anniversary. There’s a lot to celebrate, and as we look back at the past decade and look forward to the coming years, I am extremely proud of how each and every person at this company has contributed to our vibrant and innovative culture. This isn’t…
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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 Charles Race.

  • How many employees does Okta have?

    Okta has 1,176 employees.

  • What is Okta revenue?

    Latest Okta annual revenue is $260 m.

  • What is Okta revenue per employee?

    Latest Okta revenue per employee is $221.1 k.

  • Who are Okta competitors?

    Competitors of Okta include ForgeRock, Ping Identity and Open Systems.

  • Where is Okta headquarters?

    Okta headquarters is located at 300 Park Ave 4th Floor, San Jose.

  • Where are Okta offices?

    Okta has offices in San Jose, San Francisco, Washington, Dallas and in 7 other locations.

  • How many offices does Okta have?

    Okta has 11 offices.