← Okta, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($109.8m) |
($125.5m)
-14.25%
|
($208.9m)
-66.47%
|
($266.3m)
-27.48%
|
($848.4m)
-218.55%
|
($815.0m)
+3.94%
|
($355.0m)
+56.44%
|
$28.0m
+107.89%
|
$235.0m
+739.29%
|
— | |
| Depreciation and amortization | — | — | — | — | — | — | $99.0m | $98.0m | $96.0m | $97.0m | |
| Amortization of deferred commissions | $15.2m | $20.9m | $28.6m | $39.7m | $57.2m | $84.0m | $104.0m | $130.0m | $161.0m | — | |
| Deferred income taxes | ($534k) | ($765k) | ($2.3m) | ($1.2m) | ($6.2m) | $7.0m | $6.0m | $2.0m | $13.0m | $10.0m | |
| Stock-based compensation | $49.9m | $76.3m | $126.6m | $196.2m | $565.5m | $677.0m | $684.0m | $565.0m | $544.0m | $533.0m | |
| Lease impairment charges | — | — | — | $3.0m | $0 | $14.0m | $28.0m | $0 | $0 | — | |
| Accounts receivable | ($18.3m) | ($39.7m) | ($37.5m) | ($66.4m) | ($174.8m) | ($87.0m) | ($79.0m) | ($63.0m) | ($70.0m) | ($44.0m) | |
| Accounts payable | ($2.5m) | ($1.4m) | $1.7m | $4.1m | $6.8m | ($6.0m) | $0 | $1.0m | ($2.0m) | $2.0m | |
| Accrued compensation | $3.6m | $7.4m | $23.0m | $44.2m | $50.3m | ($44.0m) | $68.0m | $41.0m | $1.0m | — | |
| Accrued expenses and other liabilities | $5.8m | $5.8m | $10.0m | $5.5m | $21.4m | $8.0m | $21.0m | ($3.0m) | $1.0m | — | |
| Deferred revenue | $57.7m | $89.3m | $116.4m | $142.1m | $416.4m | $264.0m | $250.0m | $207.0m | $187.0m | — | |
| Prepaid expenses and other assets | ($9.4m) | ($10.3m) | ($4.1m) | ($13.2m) | ($6.8m) | ($13.0m) | ($32.0m) | ($37.0m) | ($33.0m) | — | |
| Restricted cash, current included in prepaid expenses and other current assets | $0 | $1.4m | $467k | $4.6m | $5.0m | $0 | $2.0m | $1.0m | $1.0m | — | |
| Restricted cash, noncurrent included in other assets | $8.3m | $11.4m | $11.4m | $9.5m | $7.5m | $7.0m | $6.0m | $5.0m | $5.0m | — | |
| Net cash provided by operating activities | ($25.2m) |
$15.2m
+160.11%
|
$55.6m
+266.48%
|
$128.0m
+130.14%
|
$104.1m
-18.63%
|
$86.0m
-17.40%
|
$512.0m
+495.35%
|
$750.0m
+46.48%
|
$884.0m
+17.87%
|
$920.0m
+4.07%
|
|
| Purchases of property and equipment | ($6.5m) | ($19.8m) | ($15.4m) | ($13.1m) | ($12.3m) | ($12.0m) | ($8.0m) | ($8.0m) | ($9.0m) | ($24.0m) | |
| Payments for business acquisitions, net of cash acquired | $0 | ($15.6m) | ($44.3m) | $0 | ($215.2m) | ($4.0m) | ($22.0m) | ($56.0m) | ($56.0m) | — | |
| Net cash provided by (used in) investing activities | ($99.7m) | ($197.3m) | ($688.0m) | ($1.3b) | ($366.8m) | ($130.0m) | $441.0m | ($314.0m) | $271.0m | $313.0m | |
| Gain on early extinguishment of debt | $0 | $0 | $14.6m | $2.3m | $179k | $0 | ($106.0m) | ($19.0m) | $0 | — | |
| Repurchases of common stock | — | — | — | — | — | — | $0 | $0 | ($73.0m) | — | |
| Unsettled common stock repurchases | — | — | — | — | — | — | $0 | $0 | $6.0m | — | |
| Taxes paid related to net share settlement of equity awards | — | — | — | — | — | $0 | $0 | ($148.0m) | ($192.0m) | — | |
| Net cash used in financing activities | $237.4m |
$357.8m
+50.70%
|
$853.4m
+138.53%
|
$1.1b
+27.91%
|
$89.1m
-91.84%
|
$48.0m
-46.11%
|
($883.0m)
-1939.58%
|
($359.0m)
+59.34%
|
($720.0m)
-100.56%
|
($968.0m)
-34.44%
|
|
| Cash, cash equivalents and restricted cash at beginning of year | $136.2m | $311.2m | $532.0m | $448.6m | $272.7m | $271.0m | $342.0m | $415.0m | $864.0m | — | |
| Effects of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash | $487k | ($632k) | ($209k) | $2.3m | ($2.3m) | ($6.0m) | $1.0m | ($4.0m) | $14.0m | — | |
| Net increase in cash, cash equivalents and restricted cash | $113.0m | $175.0m | $220.7m | ($83.3m) | ($176.0m) | ($2.0m) | $71.0m | $73.0m | $449.0m | — | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Other, net | ($517k) | ($206k) | ($126k) | $0 | $0 | $3.0m | $10.0m | $9.0m | $8.0m | — | |
| Deferred commissions | ($27.0m) | ($41.3m) | ($61.2m) | ($81.0m) | ($170.6m) | ($122.0m) | ($158.0m) | ($186.0m) | ($245.0m) | — | |
| Operating lease right-of-use assets | $7.8m | $17.2m | $13.0m | $19.1m | $22.9m | $27.0m | $23.0m | $20.0m | $18.0m | — | |
| Operating lease liabilities | ($7.1m) | ($6.6m) | ($9.7m) | ($17.1m) | ($24.5m) | ($34.0m) | ($39.0m) | ($33.0m) | ($30.0m) | — | |
| Capitalized software | ($5.4m) | ($2.9m) | ($3.9m) | ($4.2m) | ($4.3m) | ($9.0m) | ($15.0m) | ($12.0m) | ($12.0m) | — | |
| Purchases of securities available-for-sale and other | ($129.1m) | ($631.5m) | ($999.4m) | ($2.0b) | ($1.8b) | ($1.4b) | ($1.7b) | ($1.8b) | ($1.5b) | — | |
| Proceeds from maturities and redemption of securities available-for-sale | $39.8m | $298.6m | $356.3m | $535.1m | $1.5b | $1.3b | $2.1b | $1.6b | $1.8b | — | |
| Proceeds from sales of securities available-for-sale and other | $1.5m | $173.1m | $27.3m | $206.1m | $229.8m | $0 | $62.0m | $3.0m | $5.0m | — | |
| Purchases of intangible assets | $0 | $0 | ($8.6m) | ($126k) | ($113k) | ($2.0m) | ($1.0m) | $0 | $0 | — | |
| Payments upon maturity and repurchases of convertible senior notes | $0 | $0 | ($224.4m) | ($446k) | ($26k) | $0 | ($937.0m) | ($280.0m) | ($510.0m) | — | |
| Payments for warrants related to convertible senior notes | $0 | $0 | ($358.6m) | ($175.4m) | $0 | $0 | ($7.0m) | $0 | $0 | — | |
| Proceeds from settlement of capped calls related to convertible senior notes | — | — | — | — | — | — | $0 | $0 | $2.0m | — | |
| Proceeds from stock option exercises | $33.6m | $36.9m | $45.4m | $45.6m | $53.5m | $17.0m | $15.0m | $27.0m | $12.0m | — | |
| Proceeds from shares issued in connection with employee stock purchase plan | $8.4m | $13.7m | $18.8m | $25.9m | $35.6m | $31.0m | $46.0m | $42.0m | $41.0m | — | |
| Unsettled maturities of securities available-for-sale | — | — | — | — | — | — | $0 | $0 | $69.0m | — | |
| Operating lease right-of-use assets exchanged for lease liabilities | $44.7m | $127.6m | $16.8m | $45.6m | $21.5m | $11.0m | $11.0m | $9.0m | $9.0m | — | |
| Cash and cash equivalents | $127.9m | $298.4m | $520.0m | $434.6m | $260.1m | $264.0m | $334.0m | $409.0m | $858.0m | $500.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.