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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 24 quarters since 2017. Compare with OKTA stock chart to see long term trends.

OKTA Stock Compared to Quarterly

OKTA Income Statement

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OKTA Cash Flow

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OKTA Balance Sheet

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Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
9,706,282 sh
-262,233 sh
8,156,975 sh
-644,511 sh
Sands Capital Management
6,313,967 sh
3,866,915 sh
Wellington Management Group Llp
4,602,603 sh
501,235 sh
State Street
3,228,486 sh
104,246 sh
Deer Management Co.
2,571,514 sh
-157,520 sh
Champlain Investment Partners
2,526,922 sh
204,515 sh
Morgan Stanley
2,221,091 sh
194,122 sh
Citadel Advisors
Call options for 2,076,300 sh
2,076,300 sh
Geode Capital Management
2,076,209 sh
70,240 sh
Holocene Advisors, Lp
1,758,773 sh
1,140,096 sh
Point72 Asset Management, L.P.
1,661,615 sh
756,213 sh
Soma Equity Partners Lp
1,625,000 sh
1,625,000 sh
Voloridge Investment Management
1,561,918 sh
-22,271 sh
Susquehanna International Group,
Call options for 1,479,700 sh
1,479,700 sh
Norges Bank
1,449,779 sh
1,449,779 sh
Millennium Management
1,424,099 sh
1,266,699 sh
Goldman Sachs Group
1,411,859 sh
1,381,659 sh
Eminence Capital, Lp
1,322,104 sh
1,322,104 sh
American Century Companies
1,291,666 sh
-304,989 sh
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.