The combination of accelerating RPO growth, expanding margins, and raised EPS guidance despite revenue headwinds suggests strong underlying execution. Traders should monitor whether the professional services shift impacts customer satisfaction and retention metrics in future quarters.
Price Chart
Executive Summary
Okta reported strong fiscal year 2026 results with 12% year-over-year revenue growth and improved profitability, driven by 15% growth in remaining performance obligations. The company raised full-year non-GAAP EPS guidance to $3.74-$3.82 despite projecting a slight deceleration in revenue growth to 9% for FY27 due to a strategic shift in professional services.
Key Financial Metrics
Key Facts
- Q4 revenue grew 11% YoY to $761 million; full-year revenue grew 12% to $2.919 billion
- GAAP operating income turned positive at $149 million vs. $74 million loss last year
- Non-GAAP operating margin expanded to 26% from 22% in FY25
- RPO grew 15% YoY to $4.827 billion; cRPO grew 12% to $2.513 billion
- Company raised FY27 non-GAAP EPS guidance to $3.74-$3.82 despite revenue growth guidance of 9%
Financial Impact
Revenue growth of 12% and non-GAAP EPS of $3.50 in FY26, with guidance for $3.74-$3.82 in FY27
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| subscription | $2.9B | +12.0% |
| professional services and other | $64.0M | +18.5% |
Risk Factors
- Revenue growth expected to decelerate to 9% in FY27 due to strategic shift in professional services
- Free cash flow margin guidance decreased to 27%-28% from 30% in FY26
- Company cites macroeconomic uncertainty and cybersecurity risks in forward-looking statements
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001660134-26-000016 |
| Document: okta-20260304.htm | 0001660134-26-000016 |
| Document: 0001660134-26-000016-index-headers.html | 0001660134-26-000016 |
| Document: 0001660134-26-000016-index.html | 0001660134-26-000016 |
| Document: 0001660134-26-000016.txt | 0001660134-26-000016 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 23, 2026 14w ago | 8-K | $118.58 $190.02 | ▲ +60.25% | ▲ +57.41% | $211.49 (+78.35%) |
May 28, 2026 18w ago | 8-K | $123.27 $130.97 | ▲ +6.25% | ▲ +5.06% | $211.49 (+71.57%) |
May 7, 2026 21w ago | DEFA14A | $83.85 $141.57 | ▲ +68.83% | ▲ +66.11% | $211.49 (+152.22%) |
Mar 23, 2026 27w ago | 8-K | $80.69 $116.27 | ▲ +44.09% | ▲ +29.60% | $211.49 (+162.09%) |
Mar 19, 2026 28w ago | Insider Cluster | $80.71 $117.58 | ▲ +45.68% | ▲ +31.34% | $211.49 (+162.03%) |
Mar 19, 2026 28w ago | Insider Cluster | $80.71 $117.58 | ▼ −45.68% | ▼ −31.34% | $211.49 (−162.03%) |
Mar 11, 2026 29w ago | 8-K | $78.63 $118.72 | ▲ +50.98% | ▲ +40.28% | $211.49 (+168.96%) |
Mar 4, 2026 30w ago | 8-K | $79.30 $139.79 | ▲ +76.27% | ▲ +64.97% | $211.49 (+166.69%) |
Feb 23, 2026 31w ago | Court Ruling | $69.51 $85.70 | ▼ −23.29% | ▼ −15.77% | $211.49 (−204.26%) |
US Market Status
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