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.

TypePublic
Founded2009
HQSan Francisco, US
Websiteokta.com
Employee Ratings3.9
Overall CultureC

Latest Updates

Employees (est.) (Jul 2020)2,489(+5%)
Job Openings269
Revenue (FY, 2020)$586.1 M(+47%)
Share Price (Nov 2020)$223.8 (-1%)
Cybersecurity ratingAMore

Key People/Management at Okta

Todd McKinnon

Todd McKinnon

CEO and Co-Founder
Frederic Kerrest

Frederic Kerrest

Executive Vice Chairman, Chief Operating Officer and Co-Founder
Hector Aguilar

Hector Aguilar

President, Technology
Ryan Carlson

Ryan Carlson

Chief Marketing Officer
Diya Jolly

Diya Jolly

Chief Product Officer
David Bradbury

David Bradbury

Chief Security Officer
Show more

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
Show all (14)

Okta Financials and Metrics

Okta Revenue

Embed Graph
View revenue for all periods
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
USDFY, 2018FY, 2019FY, 2020

Revenue

260.0m399.3m586.1m

Revenue growth, %

62%54%47%

Cost of goods sold

80.8m113.4m159.4m

Gross profit

179.2m285.8m426.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

83.6m94.6m105.6m125.2m140.5m153.0m182.9m200.4m

Cost of goods sold

24.1m28.2m29.7m35.1m38.8m40.8m48.5m51.1m

Gross profit

59.5m66.4m75.9m90.1m101.7m112.2m134.4m149.3m

Gross profit Margin, %

71%70%72%72%72%73%73%74%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

127.9m298.4m520.0m

Accounts Receivable

52.2m91.9m130.1m

Current Assets

315.4m709.3m1.6b

PP&E

12.5m52.9m53.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

211.8m192.9m195.9m208.1m206.8m1.0b619.2m957.2m

Accounts Receivable

50.4m59.8m70.1m83.3m87.9m101.8m111.0m110.5m

Prepaid Expenses

44.1m

Current Assets

636.2m633.4m658.1m676.9m697.0m1.5b1.6b2.7b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(114.4m)(125.5m)(208.9m)

Depreciation and Amortization

7.0m8.0m17.8m

Accounts Payable

3.5m675.0k1.7m

Cash From Operating Activities

(25.2m)15.2m55.6m
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

(89.7m)(26.0m)(65.2m)(94.7m)(52.0m)(94.9m)(158.4m)(57.7m)(117.8m)

Depreciation and Amortization

5.1m2.1m3.7m5.8m3.4m7.9m12.3m5.5m

Accounts Payable

6.3m2.3m2.6m1.4m1.6m1.4m2.0m3.9m810.0k

Cash From Operating Activities

(25.4m)4.0m(1.4m)5.1m21.3m20.1m30.8m38.7m49.6m
Show all financial metrics

Okta Operating Metrics

Okta's Enterprise Customers was reported to be 8.4 k in Q1, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Enterprise Customers

4.35 k4.70 k5.15 k5.60 k6.10 k6.55 k7 k7.40 k7.95 k8.40 k

$100k+ Enterprise Customers

691 747 837 937 1.04 k1.14 k1.22 k1.33 k1.47 k1.58 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%
Show all operating metrics

Okta Acquisitions / Subsidiaries

Company NameDateDeal Size
AzuquaMarch 08, 2019
Workflow AutomationMarch 07, 2019$52.50 m
ScaleFTJuly 17, 2018
StormpathMarch 06, 2017
SpydrSafe Mobile SecurityNovember 07, 2014
Azuqua, Inc.
Okta Australia Pty Limited
Okta France SAS
Okta GmbH
Okta Identity Netherlands BV
Show more

Okta Revenue Breakdown

Embed Graph

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

Human Capital Metrics

Embed Graph
Show all human capital metrics

Okta Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

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

    68/100

  • CEO Rating

    A+

    80/100

  • Compensation

    D

    57/100

Learn more on Comparably

Okta News and Updates

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?

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: 

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..…

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.

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…

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…
Show more

Okta Blogs

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…

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…

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…

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…

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…

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…
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, 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.