OKTA

Company Overview — What Does Okta, Inc. Do?

Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California. Okta, Inc. (OKTA) is classified as a large-cap stock in the Technology sector, specifically within the Computer Software industry. The company is led by CEO Todd McKinnon and employs approximately 6,010 people. With a market capitalization of $14.0B, OKTA is one of the prominent companies in the Technology sector.

Okta, Inc. (OKTA) Stock Rating — Reduce (April 2026)

As of April 2026, Okta, Inc. receives a Reduce rating with a composite score of 38.0/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.OKTA ranks #2,791 out of 4,446 stocks in our coverage universe. Within the Technology sector, Okta, Inc. ranks #303 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

OKTA Stock Price and 52-Week Range

Okta, Inc. (OKTA) currently trades at $62.95. The stock lost $4.81 (7.1%) in the most recent trading session. The 52-week high for OKTA is $127.57, which means the stock is currently trading -50.7% from its annual peak. The 52-week low is $68.77, putting the stock -8.5% above its annual trough. Recent trading volume was 7.2M shares, reflecting moderate market activity.

Is OKTA Overvalued or Undervalued? — Valuation Analysis

Okta, Inc. (OKTA) carries a value factor score of 43/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 59.98x, compared to the Technology sector average of 45.27x — a premium of 33%. The price-to-book ratio stands at 2.01x, versus the sector average of 3.16x. The price-to-sales ratio is 4.93x, compared to 1.06x for the average Technology stock. On an enterprise value basis, OKTA trades at 60.49x EV/EBITDA, versus 12.79x for the sector.

Overall, OKTA's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Okta, Inc. Profitability — ROE, Margins, and Quality Score

Okta, Inc. (OKTA) earns a quality factor score of 39/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 3.3%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 2.4% versus the sector average of -1.0%.

On a margin basis, Okta, Inc. reports gross margins of 77.2%, compared to 50.9% for the sector. The operating margin is 5.0% (sector: -0.5%). Net profit margin stands at 8.3%, versus -1.5% for the average Technology stock. Revenue growth is running at 11.6% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

OKTA Debt, Balance Sheet, and Financial Health

Okta, Inc. has a debt-to-equity ratio of 39.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.43x, suggesting adequate working capital coverage.

OKTA has a beta of 1.15, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for Okta, Inc. is 47/100, reflecting average volatility within the normal range for its sector.

Okta, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Okta, Inc. reported revenue of $2.85B and earnings per share (EPS) of $1.33. Net income for the quarter was $234M. Gross margin was 77.2%. Operating income came in at $142M.

In FY 2026, Okta, Inc. reported revenue of $2.92B and earnings per share (EPS) of $1.33. Net income for the quarter was $235M. Gross margin was 77.4%. Revenue grew 11.8% year-over-year compared to FY 2025. Operating income came in at $149M.

In Q3 2026, Okta, Inc. reported revenue of $742M and earnings per share (EPS) of $0.24. Net income for the quarter was $43M. Gross margin was 77.1%. Revenue grew 11.6% year-over-year compared to Q3 2025. Operating income came in at $23M.

In Q2 2026, Okta, Inc. reported revenue of $728M and earnings per share (EPS) of $0.38. Net income for the quarter was $67M. Gross margin was 76.9%. Operating income came in at $41M.

Over the past 8 quarters, Okta, Inc. has demonstrated a growth trajectory, with revenue expanding from $665M to $2.85B. Investors analyzing OKTA stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

OKTA Dividend Yield and Income Analysis

Okta, Inc. (OKTA) does not currently pay a dividend. This is common among growth-oriented companies in the Computer Software industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

OKTA Momentum and Technical Analysis Profile

Okta, Inc. (OKTA) has a momentum factor score of 27/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 28/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 54/100 reflects moderate short selling activity.

OKTA vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, Okta, Inc. (OKTA) ranks #303 out of 584 stocks based on the Blank Capital composite score. This places OKTA in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing OKTA against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full OKTA vs S&P 500 (SPY) comparison to assess how Okta, Inc. stacks up against the broader market across all factor dimensions.

OKTA Next Earnings Date

No upcoming earnings date has been announced for Okta, Inc. (OKTA) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy OKTA? — Investment Thesis Summary

The quantitative profile for Okta, Inc. suggests caution. The quality score of 39/100 flags below-average profitability. Momentum is weak at 27/100, a headwind for near-term performance.

In summary, Okta, Inc. (OKTA) earns a Reduce rating with a composite score of 38.0/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on OKTA stock.

Related Resources for OKTA Investors

Explore more research and tools: OKTA vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare OKTA head-to-head with peers: OKTA vs IHS, OKTA vs VRSN, OKTA vs ESE.