Okta, Inc. Due Diligence

Run due diligence on Okta, Inc.: check incident history and compliance and get alerts when suppliers or ownership change.

United States · owned by Independent (United States) · www.okta.com · 5 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.: 6 critical incidents expected in the next three months, based on its recorded incident history.

Forecast estimates are rounded up to whole numbers.

No active incident reported (StatusGator, as of 2026-11-10 01:45 UTC)

2 of Okta, Inc.'s 5 vendors have incident tracking.

Technology vendors

Services catalogue

17 services in catalogue across 3 categories; runs on 5 sub-vendors.

Insights

Last updated 2026-09-26 · revision 15

5 direct vendors, 118 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

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

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Revenue by product/service

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