Okta(NASDAQ) OKTA

Okta NASDAQ:OKTA helps people log into apps safely and easily. It protects digital identities for businesses, schools, and government agencies. The platform keeps data safe and simplifies how people work.

Helping People Connect Safely

• Identity Platforms: Tools for managing user access and digital profiles; subscription revenue was 98% of revenue for the six-month period ended July 31, 2026.
• Access Management: Services like Single Sign-On that verify human users and software agents across various digital environments.
• Developer Tools: Customizable login features from the Auth0 portfolio that builders embed into their own applications.
• Infrastructure Security: Solutions that protect on-premises servers and cloud tools from unauthorized digital access.

The Shift to Partners

• Shifted professional services work to global systems integrators to focus on a partner-led model.
• Integrated Auth0 product offerings to provide consistent login experiences across different applications.
• Expanded platform capabilities to include security features for non-human identities and artificial intelligence agents.
• Settled $350 million in senior notes in cash when they matured in June 2026.
• Started a $1 billion share repurchase program in Jan. 2026 to buy back Class A common stock.

Why Okta Stays Neutral

The company uses an independent network with over 7,000 integrations to cloud, mobile, and web applications. This system allows organizations to connect many different technologies together through one secure entry point.

A Look at the Numbers

• Total revenue was $1.6 billion for the six-month period ended July 31, 2026, up 11% year over year.
• Net income reached $190 million during the six-month period ended July 31, 2026.
• Customers with annual contract value above $100,000 grew to 5,255 as of July 31, 2026.
• Dollar-based net retention rate was 107% for the trailing 12 months ended July 31, 2026.
• Remaining performance obligations were $4.9 billion as of July 31, 2026.

The Evolution of Identity

Okta has moved from a login tool to a platform for human and machine identities. Its independent integrations and subscription model support a predictable business in the security software market.