Okta, Inc.

United States · owned by Independent (United States) · www.okta.com · 12 vendors

Okta, Inc. is a publicly traded identity and access management (IAM) company headquartered in San Francisco, California. It provides cloud-based solutions for secure authentication, single sign-on (SSO), and identity lifecycle management for employees, customers, and AI-driven workflows. Okta also operates the Auth0 platform, acquired in 2021, which extends its identity capabilities to developers and customer-facing applications.

Resilience scores

Disruption prediction

Okta, Inc. has a 100% probability of disruption in the next 6 months.

9 of Okta, Inc.'s 12 vendors monitored for disruptions.

Technology vendors

Services catalogue

17 services in catalogue across 4 categories; runs on 12 sub-vendors.

Insights

Last updated 2026-09-13 · revision 15

12 direct vendors, 182 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 9/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Okta's migration readiness is assessed as high, scoring 88 out of 100. This high score is primarily driven by their exceptionally modern, cloud-native, and distributed internal technology stack. Their use of Amazon Web Services (AWS), Kubernetes for container orchestration, Docker for containerization, and microservices-enabling technologies like Apache Kafka and Elasticsearch, indicates a highly agile and portable architecture. This significantly reduces technical debt and facilitates seamless migration efforts, whether to new cloud environments or within their existing cloud infrastructure. Financially, Okta is in a strong position to fund any necessary migration initiatives, evidenced by robust revenue growth from $586.1M in 2020 to $2.26B in 2024, with 95% of revenue derived from stable subscription services. This financial stability provides the resources required for complex technical transitions. From a regulatory and data residency perspective, Okta is well-prepared. They already maintain comprehensive compliance with critical regulations such as GDPR, HIPAA, SOC2, and ISO 27001. Their existing infrastructure is designed to support customer data residency preferences globally, including certifications like the EU-US Data Privacy Framework. This means they have established processes and controls in place to manage complex compliance requirements during any migration, rather than being hindered by them. The provided vendor data states 'Total Vendors: 0', which is contradicted by their 'Internal Tech Stack' (e.g., Amazon Web Services, Splunk, Datadog) and the details of the October 2023 security incident (involving a third-party identity provider). Therefore, while a precise vendor count is unavailable, Okta clearly utilizes external services. However, their extensive use of cloud-native technologies like Kubernetes and Docker, along with their presence on Amazon Web Services, suggests a highly portable architecture that mitigates significant infrastructure vendor lock-in. The implied 'Vendor Geographic Diversity: 3 unique countries' (United States, Australia, Denmark) also suggests a degree of flexibility in their vendor ecosystem, further supporting migration readiness. Their architectural choices prioritize flexibility over deep vendor lock-in, making them highly adaptable for future migrations.

Financials

Three-year financials

Financial Resilience Score: 8/10

Okta demonstrates strong and improving financial resilience, having transitioned from persistent GAAP losses to profitability in FY2026. The company achieved its first full year of GAAP operating income ($149M) and grew net income from $28M to $235M year-over-year. Its business model is highly resilient due to ~98% recurring subscription revenue, a large backlog of $4.827B in Remaining Performance Obligations (up 15% YoY), and a dollar-based net retention rate of 106-107%, indicating existing customers continue to expand spending. Liquidity is robust with $2.553B in cash and short-term investments as of January 31, 2026, and strong free cash flow generation of $863M (approximately 30% FCF margin). The company is actively deleveraging, having settled $510M of 2025 convertible notes in cash, with only $350M of 2026 convertible notes remaining. Capital return has begun with a $1B share repurchase authorization in January 2026, signaling management confidence in sustainable cash generation. However, resilience is tempered by decelerating growth (from 15% in FY25 to 12% in FY26 to guided 9-10% in FY27), intense competition from Microsoft, and ongoing cybersecurity risks given Okta's role as an identity provider (with prior breaches in 2022 and 2023). A $1.089B valuation allowance on U.S. deferred tax assets and accumulated deficit of $2.567B reflect the historical loss profile, though recent profitability trends are favorable.

Key strengths: 98% recurring subscription revenue model provides predictable cash flow, RPO backlog of $4.827B (up 15% YoY) provides revenue visibility, Strong liquidity with $2.553B in cash and short-term investments, First year of GAAP operating profitability achieved in FY2026, Free cash flow of $863M with ~30% FCF margin, Dollar-based net retention of 106-107% indicates customer expansion, 5,180+ customers with >$100K ACV; 570 with >$1M ACV, $1B share repurchase authorization signals capital return capacity, Active deleveraging of convertible notes

Risk factors: Revenue growth deceleration from 15% to 12% to guided 9-10%, Intense competition from Microsoft with greater resources, Cybersecurity target risk with history of breaches (2022, 2023), $1.089B valuation allowance on U.S. deferred tax assets, Accumulated deficit of $2.567B from historical losses, High stock-based compensation of $544M (19% of revenue), Dual-class share structure limits outside shareholder influence, Macro exposure with longer sales cycles cited, Legal exposure from prior securities class actions

Revenue by geography

Revenue by product/service

Workforce by country

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