Okta, Inc. ( (OKTA) ) has released its Q3 earnings. Here is a breakdown of the information Okta, Inc. presented to its investors.
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Okta, Inc. is a leading independent identity partner that provides secure identity solutions for businesses and developers, focusing on authentication and authorization services across various industries.
In its third quarter of fiscal year 2026, Okta reported a 12% year-over-year increase in total revenue, reaching $742 million, with subscription revenue contributing significantly to this growth. The company also highlighted strong cash flow and continued adoption of new products such as Okta Identity Governance.
Key financial metrics for the quarter include a 17% year-over-year growth in remaining performance obligations, a GAAP net income of $43 million, and a non-GAAP net income of $152 million. Okta also reported an operating cash flow of $218 million and a free cash flow of $211 million, indicating robust financial health.
Looking ahead, Okta maintains a cautious yet optimistic outlook for the fourth quarter and the full fiscal year 2026, projecting continued revenue growth and strong non-GAAP operating income margins. The company remains focused on leveraging its identity platform to support technological transformations in the industry.
Okta’s management is confident in its strategic direction and is poised to continue its momentum into the next quarter, driven by its innovative solutions and expanding customer base.