Okta, Inc. is a leading independent identity provider that specializes in secure access solutions for organizations and their customers. The company offers cloud-based identity management services that enable secure connections to applications, IT infrastructure, and devices. Okta's products are designed to support businesses in managing and protecting user identities while fostering innovation and efficiency.
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Workforce Identity - Provides identity solutions for employees, contractors, and partners, enabling secure access to applications and IT systems.
- Access Management - Manages user access to applications and systems.
- Governance - Ensures compliance and oversight of identity-related activities.
- Privileged Access - Secures access to critical systems and data, currently in early access.
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Customer Identity - Focuses on securing the identities of customers' end-users, enabling seamless and secure digital experiences.
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Okta Integration Network - Offers over 7,000 pre-built integrations with cloud, mobile, and web applications, enhancing interoperability and extensibility.
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Developer Tools - Provides tools and APIs for developers to embed identity solutions into their applications, fostering innovation and customization.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Todd McKinnon ExecutiveBoard | CEO and Chairperson | None | Co-founder of Okta (2009), instrumental in establishing Okta as a leading identity and access management company. Previously at Salesforce and Peoplesoft. Holds a Master’s in Computer Science. | View Report → |
Brett Tighe Executive | CFO | None | Joined Okta in 2015, became CFO in January 2022. Previously held finance roles at Salesforce. Holds an MBA from the University of San Francisco. | |
Eric Kelleher Executive | President and COO | None | Joined Okta in 2016, became COO in February 2025. Previously held leadership roles at LinkedIn and Salesforce. Holds a Master’s in Computer Science from Stanford. | |
Jon Addison Executive | Chief Revenue Officer | None | Joined Okta in 2021, became CRO in November 2023. Previously GM of EMEA at Okta and held leadership roles at LinkedIn and Oracle. | |
Larissa Schwartz Executive | Chief Legal Officer | None | Joined Okta in 2015, became CLO in March 2023. Previously held various legal roles at Okta. Holds a law degree. | |
Shibu Ninan Executive | Chief Accounting Officer | None | Joined Okta in August 2022. Previously CAO at Veritas Technologies and Saba Software. Holds a Bachelor of Commerce and is a CPA. | |
Anthony Bates Board | Director | CEO and Chairman at Genesys Cloud Services | Former CEO of Skype and President of GoPro. Extensive experience in technology leadership. Holds a Bachelor’s from the University of San Diego. | |
Benjamin Horowitz Board | Director | General Partner at Andreessen Horowitz | Co-founder of Andreessen Horowitz. Extensive experience as an investor and executive. Holds a Master’s in Computer Science from UCLA. | |
Emilie Choi Board | Director | President and COO at Coinbase | Joined Okta’s board in 2022. Extensive experience in scaling technology businesses. Holds a Bachelor’s from Johns Hopkins and an MBA from Wharton. | |
J. Frederic Kerrest Board | Vice Chairperson of the Board | None | Co-founder of Okta (2009), served as COO until October 2023. Holds an MBA from MIT Sloan and a Bachelor’s in Computer Science from Stanford. | |
Jeff Epstein Board | Director | Operating Partner at Bessemer Venture Partners; Board Member at Twilio, Couchbase, and AvePoint | Former CFO at Oracle. Extensive experience in finance and board service. Holds a Bachelor’s from Yale and an MBA from Stanford. | |
Michael Stankey Board | Director | None | Former Vice Chairman at Workday. Extensive experience in enterprise software and board service. Holds a Bachelor’s from the University of Wisconsin. | |
Rebecca Saeger Board | Director | None | Former CMO at Charles Schwab. Extensive experience in marketing and board service. Holds a Bachelor’s from Muhlenberg and an MBA from Wharton. | |
Robert L. Dixon, Jr. Board | Director | Board Member at Elevance Health and Build-A-Bear Workshop; Owner of The RD Factor | Former Global CIO at PepsiCo. Extensive experience in IT and business services. Holds a Bachelor’s from Georgia Tech. | |
Shellye Archambeau Board | Director | Board Member at Verizon and Roper Technologies | Former CEO of MetricStream. Extensive experience in technology and governance. Holds a Bachelor’s from Wharton. |
- Given the strong performance this quarter, can you explain why your preliminary revenue growth outlook for fiscal '26 is only 7%, significantly lower than the 15% growth expected for fiscal '25, and what factors are contributing to this deceleration?
- With net revenue retention rates under pressure due to lower seat and MAU assumptions, how do you plan to drive expansion within existing customers, and what strategies are in place to mitigate this trend and support growth?
- Your initiative to specialize the sales force suggests challenges with the previous generalist model; how will this specialization impact your operating expenses and profitability targets, and what confidence do you have that it will accelerate growth as intended?
- Considering that approximately 15% of bookings are coming from new products, can you provide more clarity on how these new products will contribute to revenue growth in the near term, and what level of adoption you are projecting among new and existing customers?
- In light of the macroeconomic environment and organizations scrutinizing budgets, how confident are you in achieving your targeted free cash flow margin of at least 24% for fiscal '26, especially with planned investments to drive growth initiatives?
Research analysts who have asked questions during Okta earnings calls.
John DiFucci
Guggenheim Securities
5 questions for OKTA
Brian Essex
JPMorgan Chase & Co.
4 questions for OKTA
Eric Heath
KeyBanc Capital Markets
4 questions for OKTA
Gabriela Borges
Goldman Sachs
4 questions for OKTA
Joshua Tilton
Wolfe Research
4 questions for OKTA
Matthew Hedberg
RBC Capital Markets
4 questions for OKTA
Michael Cikos
Needham & Company
4 questions for OKTA
Shrenik Kothari
Robert W. Baird & Co.
4 questions for OKTA
Adam Borg
Stifel Financial Corp.
3 questions for OKTA
Andrew Nowinski
Wells Fargo
3 questions for OKTA
Brad Zelnick
Credit Suisse
3 questions for OKTA
Gray Powell
BTIG
3 questions for OKTA
Jonathan Ho
William Blair & Company
3 questions for OKTA
Rob Owens
Piper Sandler Companies
3 questions for OKTA
Rudy Kessinger
D.A. Davidson & Co.
3 questions for OKTA
Saket Kalia
Barclays Capital
3 questions for OKTA
Fatima Boolani
Citi
2 questions for OKTA
Gregg Moskowitz
Mizuho
2 questions for OKTA
Ittai Kidron
Oppenheimer & Company
2 questions for OKTA
Joseph Gallo
Jefferies & Company Inc.
2 questions for OKTA
Keith Bachman
BMO Capital Markets
2 questions for OKTA
Madeline Brooks
Bank of America
2 questions for OKTA
Patrick Colville
Scotiabank
2 questions for OKTA
Peter Levine
Evercore ISI
2 questions for OKTA
Peter Weed
Bernstein
2 questions for OKTA
Roger Boyd
UBS
2 questions for OKTA
Shaul Eyal
TD Cowen
2 questions for OKTA
Adam Tindle
Raymond James
1 question for OKTA
Anne Baumann
Jefferies Financial Group Inc.
1 question for OKTA
Annick Baumann
Jefferies
1 question for OKTA
Brian Wilcox
Cleveland Research Company
1 question for OKTA
Charlotte Bedok
JPMorgan Chase & Co.
1 question for OKTA
Hamza Fodderwala
Morgan Stanley
1 question for OKTA
Joe Van Drake
Scotiabank
1 question for OKTA
Jonathan Ruykhaver
Cantor Fitzgerald
1 question for OKTA
Junaid Siddiqui
Truist Securities
1 question for OKTA
Kevin Niederpruem
Bank of America Merrill Lynch
1 question for OKTA
Manraj Belvi
Bernstein
1 question for OKTA
Mark Cash
Raymond James
1 question for OKTA
Michael Richards
RBC Capital Markets
1 question for OKTA
Srina Katari
Robert W. Baird & Co. Incorporated
1 question for OKTA
Trevor Rambo
BTIG
1 question for OKTA
Trevor Walsh
Citizens JMP
1 question for OKTA
Yun Kim
Loop Capital Markets
1 question for OKTA
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Spera Cybersecurity, Inc. | 2024 | Okta acquired Spera Cybersecurity, Inc. on February 1, 2024, for a total cash consideration of $58 million (with $12 million held in escrow) to broaden its identity threat detection and security posture management capabilities. The deal involved recording $18 million in developed technology intangibles and $42 million in goodwill, along with stock-based compensation for Spera’s founders. |
Auth0 | 2021 | Okta completed its acquisition of Auth0 on May 3, 2021, in a transaction valued at about $5.671 billion (comprising cash, 19.2 million Okta shares, and assumed equity awards, with an estimated total value of approximately $6.5 billion). The acquisition strategically merged Auth0's developer-centric identity platform with Okta's enterprise Identity Cloud and included a 12-month indemnification holdback and revesting agreements for Auth0’s founders. |
atSpoke | 2021 | Okta finalized the acquisition of atSpoke on August 2, 2021, for an approximate cash consideration of $79.3 million (with $13.4 million held in escrow, though another source cites $89.0 million including stock components) to integrate atSpoke’s modern workplace operations platform with its Identity Governance and Administration offering. The deal accounted for $18.3 million in technology intangibles and $63.2 million in goodwill, enhancing Okta's IGA capabilities. |
Recent press releases and 8-K filings for OKTA.
- Okta is focused on reaccelerating top-line growth while maintaining strong operating margins (mid to high twenties) and free cash flow, guided by a "rule of 40" framework.
- Key growth initiatives include new product development (contributing 15-20% of bookings), increased partner engagement (20 out of top 20 deals partner-touched), and go-to-market specialization.
- The company is extending its identity security fabric to agentic AI, addressing visibility, privilege, and governance for non-human identities, with Auth0 offering "auth for Agentic AI".
- Okta's M&A strategy focuses on accelerating its roadmap, recently making a small acquisition in privileged access, and they maintain a "best of breed" philosophy, coexisting with competitors like Microsoft.
- The company is experiencing strong momentum from large deals (100k+ ACV customers contribute over 80% of total ACV) and notable success in the US public sector.
- Okta has partnered with Peraton and the U.S. Department of Defense (DoD) to launch myAuth, a new, secure identity authentication solution built on the Okta Platform.
- myAuth is designed to replace the legacy DS Logon system and is anticipated to streamline user access for approximately 20 million individuals, including service members, veterans, and DoD civilians.
- The cloud-based system offers secure, Common Access Card (CAC) alternative login options, with 900,000 users having signed up within two months of its rollout.
- The full rollout of myAuth and decommissioning of the DS Logon system are both set to conclude within 18 months.
- Okta and Palo Alto Networks have expanded their partnership with new integrations to deliver a unified security architecture, aiming to automate threat response and secure application access.
- One integration combines Okta Workforce Identity with Palo Alto Networks Prisma Access Browser to provide a new conditional access method for secure web-based activity on any device.
- A second integration unifies Okta's Identity Threat Protection with Palo Alto Networks' AI-driven Cortex® SecOps platform (including Cortex XSIAM® and Cortex XDR®) to offer a comprehensive view of identity-related risks and automated threat response.
- These joint solutions are designed to help nearly 2000 joint customers enhance their security posture, reduce costs, and simplify operations by addressing the increasing sophistication of AI-driven identity attacks.
- Okta's core function is authentication, providing secure and seamless access to technology for approximately 20,000 companies globally, including large enterprises, universities, and governments.
- The company operates on a recurring subscription model, charging customers per user for its cloud services.
- Okta reported approximately $2.5 billion in annual revenue and generated $700 million in cash last year. For fiscal year 2026, the company is guiding for 11% top-line growth and expects to generate GAAP net income again.
- The total addressable market (TAM) for Okta's services is estimated at $80 billion, with Okta currently at $2.6 billion in revenue, indicating significant growth potential driven by increasing cloud computing, security risks, remote work, and the demand for identity services in AI applications.
- Okta emphasized its go-to-market specialization strategy to drive growth, focusing on more targeted product segmentation across workforce and customer identity segments.
- The company discussed ongoing investments in new product introductions including enhancements in governance, PAM, and lifecycle management, positioning these as key growth drivers.
- There was an emphasis on addressing federal market volatility amid macro uncertainties while maintaining a balanced approach in both short-term conservatism and long-term strategic investments.
- Emerging opportunities in the nonhuman identity space were highlighted as an area for future expansion, with Okta positioning its integrated platform to capture this evolving market trend.
- Robust performance: Okta posted record operating profitability and strong cash flow in Q1 2026, driven by both established revenue streams and the contribution of new products such as Identity Governance, Privileged Access, Device Access, and Identity Security Posture Management.
- Strategic realignment: The company’s go-to-market specialization, including the realignment between Okta and Auth0 teams, bolstered its pipeline strength and delivered significant customer wins, particularly in the U.S. public sector.
- Innovation in focus: New offerings like Auth for GenAI, which is in developer preview, signal ongoing investments in product innovation to support both human and nonhuman identity security.
- Cautious outlook: While Q1 performance was solid, guidance for Q2 and FY26 accounts for macro uncertainty, with expectations for steady revenue and margin growth.
- Okta Inc. will be added to the S&P MidCap 400, effective May 1, 2025.
- The change occurs as Berry Global Group is removed from the index amid its acquisition by Amcor plc.