Okta Q4 revenue up 11%, beats expectations

Okta

04/03/2026 21:24

Overview

Identity management firm's Q4 revenue grew 11% yr/yr, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company reported $258 mln in operating cash flow and $252 mln free cash flow

Outlook

Okta expects Q1 revenue between $749 mln and $753 mln, up 9% year-over-year

Company forecasts FY27 revenue of $3.170 bln to $3.190 bln, reflecting 9% growth

Okta anticipates FY27 non-GAAP operating income of $795 mln to $815 mln

Result Drivers

PRODUCT ADOPTION - Co attributed fiscal year performance to accelerating adoption of new products and unified identity platform

RPO GROWTH - Co reported 15% yr/yr increase in remaining performance obligations, indicating strong demand

Company press release: ID:nBw9PbrVqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$761 mln
$748.79 mln (39 Analysts)
Q4 Adjusted EPS
Beat
$0.90
$0.85 (39 Analysts)
Q4 EPS
$0.35
Q4 Net Income
$63 mln
Q4 Subscription Revenue
$747 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 30 "strong buy" or "buy", 14 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for Okta Inc is $110.00, about 51.7% above its March 3 closing price of $72.52

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)