Okta, Inc. (OKTA)
Information Technology · Identity and Access Management (IAM)
The leading independent identity and access management platform securing workforce and customer authentication for organizations navigating cloud, mobile, and AI transformation.
What Okta, Inc. does
Okta is the leading independent identity platform providing cloud-based solutions for workforce identity management and customer identity across thousands of organizations globally. The company operates two main platforms—Okta Platform for workforce identity (managing employees, contractors, and partners) and Auth0 Platform for customer identity and developer-focused access—enabling organizations to securely connect users and AI agents to applications and services. Okta generates revenue through a SaaS subscription model with multi-year contracts, serving enterprises, mid-market companies, universities, nonprofits, and government agencies across nearly every industry. The company is extending its platforms to address emerging identity security challenges posed by AI agents and non-human identities (NHIs), positioning itself as a unified control plane for AI-driven access governance.
Themes: ["Identity and access management (IAM)","Zero Trust security","Cloud security","Workforce identity / employee access governance","Customer identity and authentication","AI agent security / AI governance","SaaS security and integration","API security"]
Fundamentals
- Price$148.84 as of 2026-07-09 close
- Market cap$25.6B as of 2026-07-10
- 1-year return+50.1% as of 2026-07-09 close
- P/E103.68 as of 2026-07-10
- Net margin+8.2% as of 2026-07-10
- Gross margin+77.4% as of 2026-07-10
- ROE+3.6% as of 2026-07-10
- Debt / equity0.05 as of 2026-07-10
- Revenue growth (YoY)+11.8% as of 2026-07-10
- Revenue CAGR (3y)+16.3% SEC XBRL
- Beta0.76 as of 2026-07-10
Key risks (from latest filing)
["Intense competition in the identity management and security space; continued pressure on market share and pricing power as competitors expand offerings","Dependence on customer retention and expansion; ability to upsell and cross-sell identity solutions to maintain growth amid economic uncertainty and customer budget constraints","Cybersecurity incidents affecting Okta's platforms or customer data could damage reputation, customer trust, and financial results; regulatory compliance risks around data protection and privacy"]
Competitors & peers
- Microsoft (MSFT)
- Ping Identity
- ForgeRock
- Saviynt
- CyberArk (CYBR)
- Cloudflare (NET)
- Zscaler (ZS)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.