OKTA Stock Analysis: Okta | NASDAQ
Software - Infrastructure | NASDAQ, USA | Market Cap: 36.973m USD | 12M Return: 147.9% | US6792951054 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 726M
EPS Trend: 81.7%
Qual. Beats: 16
Rev. Trend: 99.6%
Qual. Beats: 16
Warnings
Tailwinds
Seasonality 9.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Okta, Inc. is a US-headquartered (San Francisco) identity management provider serving organizations domestically and internationally. The company sells a broad platform spanning Single Sign-On, Adaptive MFA, API Access Management, Access Gateway, Universal Directory, Identity Threat Protection, Identity Governance and Administration, Privileged Access, and emerging offerings for AI agents. The company was incorporated in 2009 (formerly Saasure, Inc.) and is listed on NASDAQ under the ticker OKTA, having gone public in April 2017. Okta is classified within the Information Technology sector, specifically the Internet Services & Infrastructure sub-industry, and is considered a Large Cap stock.
The business operates in the cybersecurity sub-segment known as identity and access management (IAM) or identity-as-a-service (IDaaS), where vendors provide cloud-delivered tools to authenticate users, manage permissions, and protect applications and infrastructure from credential-based attacks. Oktas product mix reflects the industrys shift from basic password protection toward passwordless authentication, risk-based (adaptive) MFA, machine-to-machine (NHI) credentials, and governance over non-human actors such as AI agents.
- Subscription revenue growth drives top-line expansion
- Microsoft Entra competition pressures identity market share
- AI agent identity management opens new revenue stream
| Net Income: 296.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 1.86 > 1.0 |
| NWC/Revenue: 34.62% < 20% (prev 33.26%; Δ 1.36% < -1%) |
| CFO/TA 0.11 > 3% & CFO 987.0m > Net Income 296.0m |
| Net Debt (-2.25b) to EBITDA (412.0m): -5.45 < 3 |
| Current Ratio: 1.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (178.8m) vs 12m ago -1.19% < -2% |
| Gross Margin: 78.13% > 18% (prev 76.91%; Δ 1.22% > 0.5%) |
| Asset Turnover: 32.89% > 50% (prev 28.93%; Δ 3.96% > 0%) |
| Interest Coverage Ratio: 109.0 > 6 (EBIT TTM 327.0m / Interest Expense TTM 3.00m) |
| A: 0.12 (Total Current Assets 3.09b - Total Current Liabilities 2.02b) / Total Assets 9.14b |
| B: -0.26 (Retained Earnings -2.38b / Total Assets 9.14b) |
| C: 0.03 (EBIT TTM 327.0m / Avg Total Assets 9.34b) |
| D: 3.22 (Book Value of Equity 6.97b / Total Liabilities 2.17b) |
| Altman-Z'' = 3.53 = A |
| DSRI: 1.01 (Receivables 469.0m/417.0m, Revenue 3.07b/2.76b) |
| GMI: 0.98 (GM 76.91% / 78.13%) |
| AQI: 1.06 (AQ_t 0.65 / AQ_t-1 0.62) |
| SGI: 1.11 (Revenue 3.07b / 2.76b) |
| TATA: -0.08 (NI 296.0m - CFO 987.0m) / TA 9.14b) |
| Beneish M = -2.92 (Cap -4..+1) = A |
As of October 11, 2026, the stock is trading at USD 232.13 with a total of 2,487,142 shares traded. Over the past week, the price has changed by +9.76%, over one month by +34.38%, over three months by +55.96% and over the past year by +147.90%.
Current recommended Stop Loss: 221.30 (which is 4.7% or 1.2 ATR below the current price).
Okta has no consensus analysts rating.
| Analysts Target Price | 212.3 | -8.6% |
P/E Trailing = 127.4036
P/E Forward = 54.3478
P/S = 12.0315
P/B = 5.1486
P/EG = 1.6978
Revenue TTM = 3.07b USD
EBIT TTM = 327.0m USD
EBITDA TTM = 412.0m USD
Long Term Debt = unknown (none)
Short Term Debt = 350.0m USD (from shortTermDebt, last fiscal year)
Debt = 53.0m USD (from shortLongTermDebtTotal, last quarter) (leases 53.0m already included)
Net Debt = -2.25b USD (calculated: Debt 53.0m - CCE 2.30b)
Enterprise Value = 34.7b USD (37.0b + Debt 53.0m - CCE 2.30b)
Interest Coverage Ratio = 109.0 (Ebit TTM 327.0m / Interest Expense TTM 3.00m)
EV/FCF = 35.73x (Enterprise Value 34.7b / FCF TTM 972.0m)
FCF Yield = 2.80% (FCF TTM 972.0m / Enterprise Value 34.7b)
FCF Margin = 31.63% (FCF TTM 972.0m / Revenue TTM 3.07b)
Net Margin = 9.63% (Net Income TTM 296.0m / Revenue TTM 3.07b)
Gross Margin = 78.13% ((Revenue TTM 3.07b - Cost of Revenue TTM 672.0m) / Revenue TTM)
Gross Margin QoQ = 79.63% (prev 77.78%)
Tobins Q-Ratio = 3.80 (Enterprise Value 34.7b / Total Assets 9.14b)
Interest Expense / Debt = 5.66% (Interest Expense 3.00m / Debt 53.0m)
Taxrate = 8.64% (28.0m / 324.0m)
NOPAT = 298.7m (EBIT 327.0m * (1 - 8.64%))
Current Ratio = 1.53 (Total Current Assets 3.09b / Total Current Liabilities 2.02b)
Debt / Equity = 0.01 (Debt 53.0m / totalStockholderEquity, last quarter 6.97b)
Debt / EBITDA = -5.45 (Net Debt -2.25b / EBITDA 412.0m)
Debt / FCF = -2.31 (Net Debt -2.25b / FCF TTM 972.0m)
Total Stockholder Equity = 6.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.17% (Net Income 296.0m / Total Assets 9.14b)
RoE = 4.26% (Net Income TTM 296.0m / Total Stockholder Equity 6.94b)
RoCE = 4.60% (EBIT 327.0m / Capital Employed (Total Assets 9.14b - Current Liab 2.02b))
RoIC = 4.09% (NOPAT 298.7m / Invested Capital 7.31b)
WACC = 9.20% (E(37.0b)/V(37.0b) * Re(9.21%) + D(53.0m)/V(37.0b) * Rd(5.66%) * (1-Tc(0.09)))
Discount Rate = 9.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 72.28 | Cagr: 2.96%
[DCF] Terminal Value 75.25% ; FCFF base≈918.4m ; Y1≈1.05b ; Y5≈1.55b
[DCF] Fair Price = 134.7 (EV 20.3b - Net Debt -2.25b = Equity 22.5b / Shares 167.1m; r=9.20% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 81.70 | EPS CAGR: 32.56% | SUE: 4.0 | # QB: 16
Revenue Correlation: 99.60 | Revenue CAGR: 13.20% | SUE: 4.0 | # QB: 16
EPS current Quarter (2026-10-31): EPS=0.93 | Chg30d=+0.00% | Revisions=+11% | Analysts=41
EPS current Year (2027-01-31): EPS=3.93 | Chg30d=+0.00% | Revisions=+93% | GrowthEPS=+12.3% | GrowthRev=+10.4%
EPS next Year (2028-01-31): EPS=4.38 | Chg30d=+0.00% | Revisions=+75% | GrowthEPS=+11.4% | GrowthRev=+10.0%
[Analyst] Revisions Ratio: +66% (up=98, down=19)