← Okta, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Total cost of revenue | $80.8m | $113.4m | $159.4m | $217.7m | $396.4m | $546.0m | $581.0m | $618.0m | $661.0m | |
| Gross profit | $175.8m | $285.8m | $426.7m | $617.7m | $903.8m | $1.3b | $1.7b | $2.0b | $2.3b | |
| Research and development | $70.8m | $102.4m | $159.3m | $222.8m | $469.3m | $620.0m | $656.0m | $642.0m | $639.0m | |
| Total operating expenses | $287.6m | $405.5m | $612.5m | $821.9m | $1.7b | $2.1b | $2.2b | $2.1b | $2.1b | |
| Operating income (loss) | ($111.9m) | ($119.6m) | ($185.8m) | ($204.2m) | ($767.1m) | ($812.0m) | ($516.0m) | ($74.0m) | $149.0m | |
| Sales and marketing | $165.0m | $228.0m | $340.4m | $427.4m | $770.3m | $1.1b | $1.0b | $965.0m | $1.0b | |
| General and administrative | $51.8m | $75.1m | $112.9m | $171.7m | $431.3m | $409.0m | $450.0m | $448.0m | $448.0m | |
| Restructuring and other charges | — | — | — | $0 | $0 | $29.0m | $56.0m | $11.0m | $4.0m | |
| Interest income and other, net | $1.7m | $9.2m | $17.1m | $12.9m | $9.8m | $22.0m | $81.0m | $106.0m | $110.0m | |
| Gain on early extinguishment of debt | $0 | $0 | ($14.6m) | ($2.3m) | ($179k) | $0 | $106.0m | $19.0m | $0 | |
| Interest and other, net | $1.7m | ($5.9m) | ($24.5m) | ($62.0m) | ($82.6m) | $11.0m | $179.0m | $120.0m | $106.0m | |
| Income (loss) before provision for income taxes | ($110.2m) | ($125.5m) | ($210.3m) | ($266.2m) | ($849.7m) | ($801.0m) | ($337.0m) | $46.0m | $255.0m | |
| Provision for income taxes | ($321k) | ($17k) | ($1.4m) | $141k | ($1.3m) | $14.0m | $18.0m | $18.0m | $20.0m | |
| Net income (loss) | ($109.8m) | ($125.5m) | ($208.9m) | ($266.3m) | ($848.4m) | ($815.0m) | ($355.0m) | $28.0m | $235.0m | |
| Net income (loss) per share, basic (in dollars per share) | — | — | ($2) | ($2) | ($6) | ($5) | ($2) | $0 | $1 | |
| Net income (loss) per share, diluted (in dollars per share) | — | — | ($2) | ($2) | ($6) | ($5) | ($2) | $0 | $1 | |
| Weighted-average shares used to compute net income (loss) per share, basic (in shares) | — | — | ($2) | ($2) | ($6) | ($5) | ($2) | $0 | $1 | |
| Weighted-average shares used to compute net income (loss) per share, diluted (in shares) | — | — | ($2) | ($2) | ($6) | ($5) | ($2) | $0 | $1 | |
| Interest expense | $0 | ($15.1m) | ($27.0m) | ($72.7m) | ($92.2m) | ($11.0m) | ($8.0m) | ($5.0m) | ($4.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.