Try Alerts Free   |   Login
Technology › Services-Prepackaged Software

OKTA Price Correlated With Financials For Okta

Free historical financial statements for Okta Inc. See how revenue, income, cash flow, and balance sheet financials have changed over 21 quarters since 2017. Compare with OKTA stock chart to see long term trends.

OKTA Stock Compared to Quarterly

OKTA Income Statement

Revenue, Net:414943000
Revenue Per Share:2.662
Cost of Goods & Services Sold:131165000
Gross Profit:283778000
Selling, General & Admin Expense:252473000
Research & Development Expense:161651000
Total Operating Expenses:523467000
Operating Income:-240853000
Income Taxes:1860000
Net Income:-242713000
Earnings Per Share, Basic:-1.56
Shares Outstanding, Basic Avg:155875000

OKTA Cash Flow

Operating Activities Net Income:
Change in Accounts Receiveable:-139247000
Net Cash from Operations:18831000
Net Cash from Operations Per Share:0.1208
Net Cash from Financing Activities:5382000
Property, Plant & Equipment Purchases:5328000
Purchases of Businesses, Net of Cash:3970000
Net Cash from Investing Activities:-88342000
Net Change in Cash & Equivalents:-68170000

OKTA Balance Sheet

Cash and Cash Equivalents:204486000
Short-Term Investments:2292902000
Accounts Receivable, Net:258911000
Total Current Assets:2898643000
Property, Plant & Equipment, Net:66418000
Total Assets:9045681000
Accounts Payable:33752000
Total Short-Term Liabilities:1185275000
Total Liabilities:3572987000

Major Holders (from 13F filings)

Investment Type
Change
Value (x$1000)
increase or decrease
Vanguard Group Inc
13,506,847 sh
264,423 sh
2%
$2,038,994
-$929,559
Blackrock Inc.
12,228,565 sh
-96,645 sh
-1%
$1,846,023
-$916,921
FMR LLC
3,791,817 sh
1,411,352 sh
59%
$572,413
$38,784
Morgan Stanley
3,649,446 sh
-261,549 sh
-7%
$550,920
-$325,807
Sands Capital Management, LLC
2,633,732 sh
23,800 sh
1%
$397,588
-$187,480
Allianz Asset Management Gmbh
2,405,114 sh
2,405,114 sh
NEW
$363,076
$363,076
First Trust Advisors Lp
2,320,801 sh
89,070 sh
4%
$350,348
-$149,939
Franklin Resources Inc
2,184,917 sh
308,127 sh
16%
$329,835
-$90,886
Geode Capital Management, LLC
1,886,130 sh
81,033 sh
4%
$284,296
-$119,818
Jennison Associates LLC
1,804,757 sh
-1,178,563 sh
-40%
$272,446
-$396,325
American Century Companies Inc
1,647,305 sh
-427,203 sh
-21%
$248,677
-$216,365
JPMorgan Chase & Co
1,407,074 sh
20,082 sh
1%
$212,414
-$98,508
Champlain Investment Partners, LLC
1,183,735 sh
248,581 sh
27%
$178,697
-$30,936
Northern Trust Corp
967,747 sh
44,338 sh
5%
$146,092
-$60,909
Td Asset Management Inc
929,906 sh
11,648 sh
1%
$140,379
-$65,467
Sumitomo Mitsui Trust Holdings, Inc.
734,264 sh
30,540 sh
4%
$110,844
-$46,910
Zevenbergen Capital Investments LLC
716,289 sh
-27,956 sh
-4%
$108,131
-$58,707
Bank Of New York Mellon Corp
652,154 sh
-16,103 sh
-2%
$98,449
-$51,355
Swiss National Bank
639,438 sh
164,100 sh
35%
$96,530
-$10,027
Etf Managers Group, LLC
545,136 sh
403,348 sh
284%
$83,188
$51,279
COMPANY PROFILE
Overview and Basis of Presentation Description of Business

Okta, Inc. (the “Company”) is the leading independent identity provider. The Okta Identity Cloud enables the Company’s customers to securely connect the right people to the right technologies and services at the right time. The Company was incorporated in January 2009 as Saasure Inc., a California corporation, and was later reincorporated in April 2010 under the name Okta, Inc. as a Delaware corporation. The Company is headquartered in San Francisco, California.

Basis of Presentation and Principles of Consolidation

The accompanying consolidated financial statements, which include the accounts of the Company and its wholly owned subsidiaries, have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP"). All intercompany balances and transactions have been eliminated in consolidation.

The consolidated financial statements include the results of operations for acquired businesses from their acquisition dates to January 31, 2022. See Note 3 for additional details.

The Company’s fiscal year ends on January 31. References to fiscal 2022, for example, refer to the fiscal year ended January 31, 2022.

Certain reclassifications of components of prior period operating cash flows have been made in the consolidated statements of cash flows to conform to the current period presentation. These reclassifications had no impact on total operating cash flows as previously reported.

Use of Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, judgments and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The Company bases its estimates on historical experience and on other assumptions that its management believes are reasonable under the circumstances. Actual results could vary from those estimates. The Company’s most significant estimates include the SSP for each distinct performance obligation included in customer contracts with multiple performance obligations, the determination of the period of benefit for deferred commissions, the determination of the effective interest rate of the liability components of its convertible senior notes, the determination of the incremental borrowing rate used for operating lease liabilities, the valuation of deferred income tax assets, the valuation of goodwill and acquired intangible assets, including their useful lives and the valuation of certain equity awards assumed.

In March 2020, the World Health Organization declared the outbreak of COVID-19 a pandemic, which has spread across the globe. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no material adverse impacts on the consolidated financial statements for the years ended January 31, 2022 and 2021. As events continue to evolve and additional information becomes available, the Company’s assumptions and estimates may change materially in future periods.

Foreign Currency

The functional currencies of the Company’s foreign subsidiaries are the respective local currencies. Translation adjustments arising from the use of differing exchange rates from period to period are included in accumulated other comprehensive loss within the consolidated statements of redeemable convertible preferred stock and stockholders’ equity (deficit). Foreign currency transaction gains and losses are included in other expense, net in the consolidated statements of operations and were not material for the years ended January 31, 2022, 2021 or 2020. All assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the exchange rate on the balance sheet date. Revenue and expenses are translat

Data imported from Okta Inc SEC filings. Check original filings before making any investment decision.