Okta (OKTA) Company Report

Okta reported a solid Q3 2026 with strength in large customers and workforce upsells, driven by new products, and views AI security as a significant growth catalyst.
The company raised its FY26 outlook, now expecting total revenue growth of 11%, non-GAAP operating margin of 26%, and a free cash flow margin of approximately 29%.
For Q4 FY26, Okta anticipates total revenue growth of 10%, current RPO growth of 9%, non-GAAP operating margin of 25%, and a free cash flow margin of approximately 31%.
Okta is actively pursuing the AI agent security market, having engaged with over 100 current customers for its AI agent solutions, representing over $200 million in existing ARR.
The go-to-market specialization strategy is yielding positive results, with improved sales productivity, near multi-year low AE attrition, and near multi-year high AE tenure.

2 days ago

Transcript

Okta Reports Q3 FY26 Financial Results and Provides FY26 Outlook

OKTA

Earnings

Guidance Update

Product Launch

Okta reported Q3 FY26 total revenue of $742 million, a 12% year-over-year increase, with subscription revenue reaching $724 million.
Remaining Performance Obligations (RPO) grew 17% year-over-year to $4,292 million, while Current RPO increased 13% to $2,328 million.
The company achieved a Non-GAAP Operating Margin of 24.0% and a Free Cash Flow Margin of 28.3% in Q3 FY26, representing increases of 3.3 percentage points and 5.2 percentage points respectively compared to Q3 FY25.
For the full fiscal year 2026, Okta forecasts total revenue between $2,906 million and $2,908 million, alongside a projected Non-GAAP Operating Margin of 26% and a Non-GAAP Free Cash Flow Margin of approximately 29%.
Okta introduced new solutions for AI Agents in Q1 2026, including Autho for AI Agents and Okta for AI Agents, to enhance security for non-human identities.

2 days ago

Presentation

Okta Reports Solid Q3 2026 Results and Raises FY 2026 Outlook, Emphasizing AI Security as a Key Growth Driver

OKTA

Earnings

Guidance Update

New Projects/Investments

Okta reported solid Q3 2026 results and raised its FY 2026 outlook, now expecting total revenue growth of 11%, non-GAAP operating margin of 26%, and a free cash flow margin of approximately 29%. For Q4 FY 2026, the company forecasts total revenue growth of 10%, current RPO growth of 9%, non-GAAP operating margin of 25%, and a free cash flow margin of approximately 31%.
The company highlighted significant momentum in securing AI, with new products like Auth0 for AI Agents contributing to results and over 100 current customers engaged, representing over $200 million in existing ARR. Okta believes securing AI agents presents a major new opportunity with a potential total addressable market (TAM) larger than its existing workforce identity ($50 billion) and customer identity ($30 billion) markets.
Okta's go-to-market specialization strategy is yielding positive trends, including improved sales productivity, near multi-year low AE attrition, and near multi-year high AE tenure, reinforcing confidence in accelerating long-term growth. The company is also increasing investments by adding quota-carrying sales reps to address future demand.

2 days ago

Transcript

Okta Reports Solid Q3 2026 Results, Raises FY26 Outlook, and Focuses on AI Security

OKTA

Guidance Update

Product Launch

New Projects/Investments

Okta reported a solid Q3 2026 with strength in large customers and workforce upsells, and has raised its full-year FY26 outlook.
The company is heavily investing in and positioning itself to capitalize on the emerging AI security market, launching "Auth0 for AI Agents" and engaging with over 100 current customers representing over $200 million in existing ARR for these solutions. The CEO believes this market could be larger than their existing workforce identity ($50 billion TAM) and customer identity ($30 billion TAM) markets.
Okta's go-to-market specialization strategy is proving effective, leading to improved sales productivity, near multi-year low AE attrition, and near multi-year high AE tenure.
For the financial outlook, Okta expects the following for Q4 FY26 and full-year FY26 :

Metric	Q4 FY26	FY26
Total Revenue Growth (%)	10%	11%
Current RPO Growth (%)	9%	N/A
Non-GAAP Operating Margin (%)	25%	26%
Free Cash Flow Margin (%)	approx. 31%	approx. 29%

2 days ago

Transcript

Okta Announces Third Quarter Fiscal Year 2026 Financial Results

OKTA

Earnings

Guidance Update

Okta reported Q3 Fiscal Year 2026 total revenue of $742 million, an increase of 12% year-over-year, with subscription revenue growing 11% year-over-year to $724 million.
For Q3 Fiscal Year 2026, non-GAAP operating income was $178 million (24% of total revenue) and non-GAAP diluted net income per share was $0.82. The company also generated $211 million in free cash flow, or 28% of total revenue.
Remaining performance obligations (RPO) grew 17% year-over-year to $4.292 billion, and current RPO (cRPO) grew 13% year-over-year to $2.328 billion as of October 31, 2025.
For the fourth quarter of fiscal 2026, Okta expects total revenue between $748 million and $750 million and non-GAAP diluted net income per share of $0.84 to $0.85. The full year fiscal 2026 outlook projects total revenue of $2.906 billion to $2.908 billion and non-GAAP diluted net income per share of $3.43 to $3.44.

2 days ago

8-K

Keycard Launches AI Agent Identity Platform with $38 Million Funding

OKTA

Product Launch

New Projects/Investments

Keycard launched its identity and access platform for AI agents on October 21, 2025, designed to enable trusted deployment of AI agents by providing dynamic, contextual access controls.
The company announced it has raised $38 million in seed and Series A funding, with Andreessen Horowitz and boldstart ventures co-leading the $8 million seed round, and Acrew Capital leading the $30 million Series A.
This funding will be used to advance its identity and access platform and expand its R&D team.

Oct 21, 2025, 1:09 PM

Press Release

Nomios Acquires Intragen, a Key Okta Partner

OKTA

M&A

New Projects/Investments

Nomios, a European cybersecurity services specialist, announced the acquisition of Intragen, an award-winning expert in identity and access management.
Intragen is a significant partner for Okta, having been recognized as European Partner of the Year for Okta in 2025.
This acquisition is expected to strengthen Nomios' cybersecurity offerings and expand its international presence.
With Intragen, Nomios targets €75 million in EBITDA and €650 million in revenue by 2026.
The acquisition is anticipated to be finalized before the end of the month.

Oct 9, 2025, 6:43 PM

Press Release

Okta Partner Intragen Acquired by Nomios

OKTA

M&A

New Projects/Investments

Nomios, a European cybersecurity services specialist, is acquiring Intragen, a leading European expert in digital identity and access management.
Intragen is a key partner for Okta, having been recognized as "European Partner of the Year" by Okta in 2025.
The acquisition, supported by Keensight Capital, is anticipated to close by the end of the month, enhancing Nomios's cybersecurity offerings across Europe.

Oct 9, 2025, 6:34 PM

Press Release

Okta Partner Intragen Acquired by Nomios

OKTA

M&A

New Projects/Investments

Nomios, a pan-European specialist in cybersecurity services, has acquired Intragen, an award-winning European leader in Identity and Access Management.
Intragen is a significant partner for Okta, having been recognized as European Partner of the Year for Okta in 2025.
This acquisition enhances Nomios' cybersecurity offering, particularly in digital identity and privileged access management, and is projected to contribute to Nomios' targeted EBITDA of €75 million and revenue of €650 million in 2026.

Oct 9, 2025, 9:00 AM

Press Release

Okta Reports Strong Fiscal Year 2025 Results Amid Growing Digital Trust Market

OKTA

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

The global digital trust market was valued at US$ 117.1 billion in 2024 and is projected to reach US$ 368.9 billion by 2033, growing at a CAGR of 13.6% during the forecast period 2025–2033. This growth is driven by factors such as the average cost of a data breach reaching $4.88 million in 2024, prompting 79% of organizations to plan increased cybersecurity spending in 2024.
Okta reported total revenue of $2.61 billion for fiscal year 2025, with Q4 revenue at $682 million.
Okta's customer base grew to 19,650 in Q4 fiscal 2025, adding 95 new customers with an Annual Contract Value (ACV) over $100,000.
The company's subscription backlog increased 25% to $4.215 billion, and its customers with an ACV over $1 million grew 22% to 470.

Sep 29, 2025, 3:32 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for Okta.

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