Okta Inc - Understand $okta stock

$OKTA Market Cap: $12.55 Billion

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Financial Snapshot

Revenue

$2.452B

TTM

Gross Margin

75.81%

TTM

Net Earnings

-$136.0M

TTM

Current Assets

$3.038B

Q3 2024

Current Liabilities

$1.660B

Q3 2024

Current Ratio

183.01%

Q3 2024

Total Assets

$9.067B

Q3 2024

Total Liabilities

$2.934B

Q3 2024

Book Value

$6.133B

Q3 2024

Cash

$515.0M

Q3 2024

P/E

-92.29

Sep 18, 2024 EST

Free Cash Flow

$611.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$2.263B	$1.858B	$1.300B	$835.4M	$586.1M	$399.3M	$260.0M	$160.3M	$85.91M	$41.00M
YoY Change	21.8%	42.9%	55.63%	42.55%	46.79%	53.57%	62.16%	86.63%	109.53%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$2.263B	$1.858B	$1.300B	$835.4M	$586.1M	$399.3M	$260.0M	$160.3M	$85.91M	$41.00M
Cost Of Revenue	$581.0M	$546.0M	$396.4M	$217.7M	$159.4M	$113.4M	$80.76M	$55.95M	$36.02M	$18.70M
Gross Profit	$1.682B	$1.312B	$903.8M	$617.7M	$426.7M	$285.8M	$175.8M	$104.9M	$49.88M	$22.30M
Gross Profit Margin	74.33%	70.61%	69.51%	73.94%	72.8%	71.59%	67.61%	65.4%	58.07%	54.39%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$1.486B	$1.475B	$1.202B	$599.1M	$453.2M	$303.1M	$216.8M	$140.9M	$97.11M	$62.70M
YoY Change	0.75%	22.75%	100.58%	32.17%	49.55%	39.78%	53.92%	45.06%	54.88%
% of Gross Profit	88.35%	112.42%	132.95%	96.98%	106.23%	106.03%	123.34%	134.34%	194.68%	281.17%
Research & Development	$656.0M	$620.0M	$469.3M	$222.8M	$159.3M	$102.4M	$70.82M	$38.66M	$28.76M	$18.40M
YoY Change	5.81%	32.12%	110.59%	39.91%	55.56%	44.57%	83.19%	34.41%	56.31%
% of Gross Profit	39.0%	47.26%	51.92%	36.07%	37.33%	35.82%	40.29%	36.87%	57.66%	82.51%
Depreciation & Amortization	$12.00M	$12.00M	$12.10M	$9.400M	$8.800M	$5.700M	$4.000M	$2.400M	$1.100M	$1.900M
YoY Change	0.0%	-0.83%	28.72%	6.82%	54.39%	42.5%	66.67%	118.18%	-42.11%
% of Gross Profit	0.71%	0.91%	1.34%	1.52%	2.06%	1.99%	2.28%	2.29%	2.21%	8.52%
Operating Expenses	$2.198B	$2.124B	$1.671B	$821.9M	$612.5M	$405.5M	$287.6M	$179.5M	$125.9M	$81.10M
YoY Change	3.48%	27.12%	103.3%	34.18%	51.07%	40.96%	60.22%	42.63%	55.2%
Operating Profit	-$516.0M	-$812.0M	-$767.1M	-$204.2M	-$185.8M	-$119.6M	-$111.9M	-$74.67M	-$75.99M	-$58.80M
YoY Change	-36.45%	5.85%	275.74%	9.86%	55.35%	6.95%	49.8%	-1.73%	29.23%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$8.000M	$11.00M	$92.18M	$72.66M	$27.02M	$15.07M	$0.00	$0.00
YoY Change	-27.27%	-88.07%	26.87%	168.94%	79.25%
% of Operating Profit
Other Income/Expense, Net	$81.00M	$22.00M	$9.768M	$12.89M	$17.09M	$9.180M	$1.682M	$39.00K	-$19.00K	-$200.0K
YoY Change	268.18%	125.23%	-24.23%	-24.57%	86.15%	445.78%	4212.82%	-305.26%	-90.5%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	-$337.0M	-$801.0M	-$849.7M	-$266.2M	-$210.3M	-$125.5M	-$110.2M	-$74.63M	-$76.01M	-$59.00M
YoY Change	-57.93%	-5.73%	219.21%	26.56%	67.58%	13.93%	47.62%	-1.81%	28.83%
Income Tax	$18.00M	$14.00M	-$1.285M	$141.0K	-$1.419M	-$17.00K	-$321.0K	$425.0K	$295.0K	$100.0K
% Of Pretax Income
Net Earnings	-$355.0M	-$815.0M	-$848.4M	-$266.3M	-$208.9M	-$125.5M	-$109.8M	-$75.06M	-$76.30M	-$59.10M
YoY Change	-56.44%	-3.94%	218.55%	27.48%	66.47%	14.25%	46.36%	-1.63%	29.11%
Net Earnings / Revenue	-15.69%	-43.86%	-65.25%	-31.88%	-35.65%	-31.43%	-42.25%	-46.81%	-88.82%	-144.15%
Basic Earnings Per Share	-$2.17	-$5.16	-$5.73	-$2.09	-$1.78
Diluted Earnings Per Share	-$2.17	-$5.16	-$5.73	-$2.09	-$1.78	-$1.167M	-$1.323M	-$3.953M	-$840.3K	-$650.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments	$2.202B	$2.580B	$2.502B	$2.556B	$1.403B	$563.8M	$229.7M	$37.70M	$87.90M	$60.00M
YoY Change	-14.65%	3.13%	-2.13%	82.2%	148.85%	145.45%	509.28%	-57.11%	46.5%
Cash & Equivalents	$334.0M	$264.0M	$260.1M	$434.6M	$520.0M	$298.4M	$127.9M	$23.30M	$54.40M	$18.20M
Short-Term Investments	$1.868B	$2.316B	$2.242B	$2.122B	$883.0M	$265.4M	$101.8M	$14.40M	$33.50M	$41.80M
Other Short-Term Assets	$199.0M	$168.0M	$141.3M	$127.5M	$66.60M	$52.40M	$35.60M	$20.50M	$14.70M	$9.400M
YoY Change	18.45%	18.87%	10.85%	91.44%	27.1%	47.19%	73.66%	39.46%	56.38%
Inventory
Prepaid Expenses
Receivables	$559.0M	$481.0M	$397.5M	$194.8M	$130.1M	$91.90M	$52.20M	$34.50M	$23.00M	$13.10M
Other Receivables	$20.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.980B	$3.229B	$3.041B	$2.879B	$1.600B	$708.1M	$317.5M	$92.80M	$125.7M	$82.50M
YoY Change	-7.71%	6.19%	5.63%	79.95%	125.91%	123.02%	242.13%	-26.17%	52.36%
Property, Plant & Equipment	$131.0M	$181.0M	$213.4M	$212.4M	$178.7M	$174.3M	$12.50M	$11.00M	$5.200M	$1.500M
YoY Change	-27.62%	-15.19%	0.48%	18.86%	2.52%	1294.4%	13.64%	111.54%	246.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$290.0M	$256.0M	$233.3M	$132.8M	$96.40M	$69.90M	$51.20M	$15.00M	$12.20M	$8.300M
YoY Change	13.28%	9.72%	75.7%	37.76%	37.91%	36.52%	241.33%	22.95%	46.99%
Total Long-Term Assets	$6.009B	$6.078B	$6.165B	$420.2M	$355.7M	$276.2M	$81.80M	$37.80M	$24.10M	$14.60M
YoY Change	-1.14%	-1.41%	1367.17%	18.13%	28.78%	237.65%	116.4%	56.85%	65.07%
Total Assets	$8.989B	$9.307B	$9.206B	$3.299B	$1.955B	$984.3M	$399.3M	$130.6M	$149.8M	$97.10M
YoY Change
Accounts Payable	$12.00M	$12.00M	$20.20M	$8.600M	$3.800M	$2.400M	$9.600M	$9.400M	$5.900M	$4.200M
YoY Change	0.0%	-40.6%	134.92%	126.32%	58.33%	-75.0%	2.13%	59.32%	40.48%
Accrued Expenses	$270.0M	$211.0M	$218.6M	$120.0M	$74.90M	$53.40M	$18.60M	$13.00M	$9.400M	$5.700M
YoY Change	27.96%	-3.49%	82.19%	60.21%	40.26%	187.1%	43.08%	38.3%	64.91%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00	$16.19M	$908.7M	$100.7M	$271.6M
YoY Change		-100.0%	-98.22%	802.38%	-62.92%
Total Short-Term Liabilities	$1.782B	$1.465B	$1.243B	$1.546B	$547.0M	$573.1M	$187.9M	$134.5M	$87.10M	$50.50M
YoY Change	21.64%	17.88%	-19.59%	182.56%	-4.55%	205.0%	39.7%	54.42%	72.48%
Long-Term Debt	$1.154B	$2.193B	$1.816B	$857.4M	$837.0M	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-47.38%	20.78%	111.77%	2.44%
Other Long-Term Liabilities	$149.0M	$183.0M	$215.9M	$197.9M	$164.5M	$158.8M	$12.00M	$11.70M	$15.60M	$9.200M
YoY Change	-18.58%	-15.24%	9.1%	20.3%	3.59%	1223.33%	2.56%	-25.0%	69.57%
Total Long-Term Liabilities	$1.303B	$2.376B	$2.032B	$1.055B	$1.002B	$158.8M	$12.00M	$11.70M	$15.60M	$9.200M
YoY Change	-45.16%	16.95%	92.52%	5.37%	530.67%	1223.33%	2.56%	-25.0%	69.57%
Total Liabilities	$3.101B	$3.841B	$3.284B	$2.605B	$1.550B	$731.9M	$199.9M	$146.3M	$102.9M	$59.70M
YoY Change	-19.27%	16.97%	26.07%	68.04%	111.79%	266.13%	36.64%	42.18%	72.36%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020
Basic Shares Outstanding	163.6M shares	158.0M shares	148.0M shares	127.2M shares	117.2M shares
Diluted Shares Outstanding	163.6M shares	158.0M shares	148.0M shares	127.2M shares	117.2M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $12.551 Billion

About Okta Inc

Okta, Inc. engages in the provision of an identity management platform for enterprises. The company is headquartered in San Francisco, California and currently employs 5,710 full-time employees. The company went IPO on 2017-04-07. The firm's Okta Identity Platform is an independent and neutral cloud-based identity solution that allows its customers to integrate with nearly any application, service or cloud that they choose through its secure platform and cloud infrastructure. Its Workforce Identity Cloud is used as the central system for an organization’s connectivity, access, authentication and identity lifecycle management needs spanning all of its users, technology and applications. Its Workforce Identity products include Universal Directory, Single Sign-On, Adaptive Multi-Factor Authentication, Lifecycle Management, API Access Management, Access Gateway, Advanced Server Access and Okta Identity Governance. The Company’s Customer Identity products include Universal Login, Attack Protection, Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections.

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