OverviewSuggest Edit
Okta is a company that operates an integrated system connecting 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 | |
| Founded | 2009 | |
| HQ | San Francisco, US | Map |
| Website | okta.com | |
| Employee Ratings | More | |
| Culture score | C | More |
Recent NewsAll News
- Okta Waves Flag For ‘Platform-First’ Approach To Identity Management
- Okta launches Lifecycle Management Workflows to make building identity-centric processes easy
- Okta says it’s doing away with passwords entirely
- Okta expects 'near-term billings headwinds' from COVID-19 but issues rosier profit forecast
Key People/Management at Okta
Todd McKinnon
CEO & Co-Founder, Director
Frederic Kerrest
Executive Vice Chairperson, COO & Co-Founder
Charles Race
President, Worldwide Field Operations
David Bradbury
Chief Security Officer
Hector Aguilar
President, Technology
Krista Anderson-Copperman
Chief Customer Officer
Okta Office Locations
Okta has offices in San Francisco, Bellevue, Chicago, San Jose and in 8 other locations
San Francisco, US (HQ)
100 First Plaza, 100 1st St, San Francisco
Bellevue, US
110 110th Ave NE #610
Chicago, US
125 S Clark St
San Jose, US
300 Park Ave 4th Floor
Washington, US
616 H St NW 3rd 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 (FY, 2020) | 586.1m |
Revenue growth (FY, 2019 - FY, 2020), % | 46.8% |
Gross profit (FY, 2020) | 426.7m |
Gross profit margin (FY, 2020), % | 72.8% |
Net income (FY, 2020) | (208.9m) |
EBIT (FY, 2020) | (185.8m) |
Market capitalization (22-May-2020) | 24.0b |
Closing stock price (22-May-2020) | 192.5 |
Cash (31-Jan-2020) | 520.0m |
EV | 24.6b |
Okta's current market capitalization is $24 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 53.0m | 61.0m | 68.2m | 83.6m | 94.6m | 105.6m | 125.2m | 140.5m | 153.0m |
Cost of goods sold | 17.5m | 19.7m | 21.1m | 24.1m | 28.2m | 29.7m | 35.1m | 38.8m | 40.8m |
Gross profit | 35.5m | 41.3m | 47.1m | 59.5m | 66.4m | 75.9m | 90.1m | 101.7m | 112.2m |
Gross profit Margin, % | 67% | 68% | 69% | 71% | 70% | 72% | 72% | 72% | 73% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 221.7m | 126.5m | 137.6m | 211.8m | 192.9m | 195.9m | 208.1m | 206.8m | 1.0b |
Accounts Receivable | 32.2m | 35.3m | 46.9m | 50.4m | 59.8m | 70.1m | 83.3m | 87.9m | 101.8m |
Prepaid Expenses | 10.3m | 12.9m | 10.0m | 20.2m | 17.4m | 20.3m | 20.5m | 24.6m | 29.0m |
Current Assets | 279.8m | 274.7m | 294.7m | 636.2m | 633.4m | 658.1m | 676.9m | 697.0m | 1.5b |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | (28.9m) | (55.9m) | (89.7m) | (26.0m) | (65.2m) | (94.7m) | (52.0m) | (94.9m) | (158.4m) |
Depreciation and Amortization | 1.6m | 3.3m | 5.1m | 2.1m | 3.7m | 5.8m | 3.4m | 7.9m | 12.3m |
Accounts Payable | 3.8m | 1.2m | 6.3m | 2.3m | 2.6m | 1.4m | 1.6m | 1.4m | 2.0m |
Cash From Operating Activities | (9.7m) | (15.9m) | (25.4m) | 4.0m | (1.4m) | 5.1m | 21.3m | 20.1m | 30.8m |
| USD | Y, 2020 |
|---|---|
EV/EBIT | -132.2 x |
EV/CFO | 441.8 x |
Revenue/Employee | 290.2k |
Debt/Equity | 2.7 x |
Debt/Assets | 0.6 x |
Financial Leverage | 4.8 x |
P/E Ratio | (108.1) |
Okta Operating Metrics
Okta's Enterprise Customers was reported to be 8 k in FY, 2020.
| FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Enterprise Customers | 3.11 k | 3.35 k | 3.65 k | 3.95 k | 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 |
$100k+ Enterprise Customers | 443 | 493 | 539 | 603 | 691 | 747 | 837 | 937 | 1.04 k | 1.14 k | 1.22 k | 1.33 k | 1.47 k |
Calculated Billings | $194.52 m | $59.93 m | $131.61 m | $210.17 m | $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 |
Retention Rate | 123% | 123% | 123% | 123% | 121% | 121% | 121% | 120% | 120% | 119% | 118% | 117% | 119% |
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 Online and Social Media Presence
27.09k Twitter followers
Okta has 27.09k Twitter Followers. The number of followers has increased 3.3% month over month and increased 7.1% quarter over quarter
Okta's Trends
Twitter Engagement Stats for @okta
9.4k
Tweets
2.7k
Following
27.1k
Followers
86
Tweets last 30 days
6.5
Avg. likes per Tweet
94.2%
Tweets with engagement
Okta Company Culture
Overall Culture
C
68/100
CEO Rating
A+
80/100
Compensation
D
57/100
Okta News and Updates
April 07, 2020
Okta Waves Flag For ‘Platform-First’ Approach To Identity Management
Being able to create applications from the foundation of a complete platform is argued to provide benefits including greater options for customization, greater robustness (i.e. apps and services that don’t ‘break’ under heavy or quirky use) and wider options for extensibility and scalability.
April 01, 2020
Okta launches Lifecycle Management Workflows to make building identity-centric processes easy
Okta, the popular identity and access management service, today used its annual (and now virtual) user conference to launch Lifecycle Management Workflows, a new tool that helps IT teams build and manage IFTTT-like automated processes with the help of an easy to use graphical interface. The new serv…
April 01, 2020
Okta says it’s doing away with passwords entirely
Identity management software provider Okta Inc. says it’s doing away with passwords with a new feature that will be rolled into its cloud platform. Okta FastPass uses the built-in security of connected devices to eliminate the need for users to enter passwords. It’s based on Okta Verify, a lightwei…
April 01, 2020
Okta expects 'near-term billings headwinds' from COVID-19 but issues rosier profit forecast
Okta Inc. reaffirmed its revenue forecast for the current quarter and fiscal year Wednesday as the company deals with the COVID-19 outbreak, but management expects "near-term billings headwinds" as customers react to the uncertain situation. The company, which makes software that helps employees and…
March 12, 2020
Okta And Ping Battle For Their Share Of $25 Billion Identity Management Market
That market for identity management is growing at 13%. Okta is growing at 45% while Ping grew at 15%.
March 05, 2020
Okta caps off a solid year of growth especially with enterprises
Cloud identity management company Okta Inc. posted a strong set of financial results Thursday as it capped off its fiscal 2020, showing especially strong momentum with enterprise customers. The company reported a fourth-quarter loss before certain costs such as stock compensation of a penny a share…
Okta Blogs
May 14, 2020
MFA Trends: The Impact of COVID19
The COVID pandemic has changed how we do many things. In the workplace, it’s pushed us to take a deeper look at how we enable employees to work remotely—and to ensure that they can do it securely.
But what does that actually look like? According to our recent Businesses @ Work (from Home) report, c…
May 14, 2020
The Future of Work is Dynamic: Going Beyond Distributed and Remote Work
When we kicked off 2020, more people were working remotely than ever before. 54% of U.S. workers reported working remotely at least once per month, 48% at least once per week, and 30% full-time, a significant change from just a few years ago when 44% of global companies didn’t allow remote work at …
May 13, 2020
Zero Trust: A Global Perspective
As people continue to shelter in place and work from home in response to COVID-19, the idea of a shifted security perimeter is now everyone’s reality. Many organizations were forced to quickly spin up remote work environments and security tools to enable business continuity during this time. And wh…
May 12, 2020
Stories from the Trenches: Scale & Growth in the Cloud
Rubrik burst onto the scene in 2014 as a leading provider of cloud-based data management and protection solutions. The Church of Jesus Christ of Latter-day Saints was founded in 1830, and over its long history has become a nexus of philanthropy and faith. At first glance, these two organizations ha…
May 12, 2020
How to Secure Your Workforce’s Devices with Okta
Beyond social and economic disruption, the COVID-19 pandemic has shone a light on the fact that if they want to operate safely, businesses need to be able to secure the various access points to their resources—and that includes devices. All over the world, we’re seeing people make workspaces out of…
May 08, 2020
Our Customers Are Tidying Up IAM—Here’s How
We’ll be the first to say that modern identity and access management (IAM) systems are complex. On the one hand, they need to be powerful enough to deal with multiple identity silos and application technologies. And on the other, they need to operate with legacy infrastructure. With the wrong syste…
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 2,248 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 $260.7 k.
Who are Okta competitors?
Competitors of Okta include Microsoft, Citrix and Centrify.
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 8 other locations.
How many offices does Okta have?
Okta has 12 offices.
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