Okta, Inc.

Okta, Inc. operates as an identity and access management partner in the United States and internationally. The company provides a suite of products and services designed to manage and secure digital identities. Its offerings include Single Sign-On (SSO), which allows users to access cloud-based or on-premises applications from multiple devices through a single set of login credentials.

• CEO Statement-Our strong fiscal-year performance was driven by continued trust from many of the world’s largest organizations and increasing adoption of our newer solutions, further highlighting the growing importance and value of our unified identity platform,” said Todd McKinnon.

• Artificial intelligence is reshaping the future of software and creating an urgent need to secure AI agents—a challenge Okta was designed to address—positioning the company to protect identities ranging from human users to emerging AI-driven systems.”

Revenue: - Total revenue reached $761 million, representing an 11% year-over-year increase. Subscription revenue accounted for $747 million, also rising 11% compared with the previous year, reflecting continued growth in the company’s core subscription-based identity and access management services.

RPO: - Remaining Performance Obligations (RPO), representing subscription backlog, totaled $4.827 billion, up 15% year-over-year. Current RPO (cRPO), expected to be recognized within the next 12 months, reached $2.513 billion, marking a 12% increase from fiscal 2025’s fourth quarter.

GAAP Operating Income: - GAAP operating income improved significantly to $46 million, representing 6% of total revenue. This compares with $8 million, or 1% of revenue, reported in the fourth quarter of fiscal 2025, indicating stronger operational profitability year over year.

Non-GAAP Operating Income: - Non-GAAP operating income totaled $202 million, accounting for 26% of revenue. This represents an increase from $168 million, or 25% of revenue, in the fourth quarter of fiscal 2025, reflecting improved operational efficiency and continued business growth.

GAAP Net Income: - GAAP net income rose to $63 million, compared with $23 million in the fourth quarter of fiscal 2025. Basic and diluted earnings per share were $0.36 and $0.35, respectively, up from $0.13 reported a year earlier.

Acrobull Recommendation Based on Evaluation