Okta Reports Strong Q1 FY26 Financial Performance

Okta, Inc. ( (OKTA) ) has released its Q1 earnings. Here is a breakdown of the information Okta, Inc. presented to its investors.

Okta, Inc. is a leading independent identity management company that provides secure identity solutions for businesses and developers, focusing on authentication and authorization services across various sectors.

In its first quarter of fiscal year 2026, Okta reported a 12% year-over-year increase in total revenue, reaching $688 million, with subscription revenue contributing $673 million. The company achieved record GAAP and non-GAAP operating profitability, alongside a strong operating cash flow of $241 million and a free cash flow of $238 million.

Key financial highlights include a 21% year-over-year growth in remaining performance obligations (RPO) and a 14% increase in current RPO. Okta’s GAAP net income reached $62 million, a significant turnaround from a $40 million loss in the previous year, while non-GAAP net income rose to $158 million. The company’s cash, cash equivalents, and short-term investments totaled $2.725 billion as of April 30, 2025.

Looking ahead, Okta maintains a cautious approach to its financial guidance, considering potential economic uncertainties. The company projects a 10% year-over-year revenue growth for the second quarter of fiscal 2026, with expectations of continued profitability and innovation in its identity security platform.