Companies · OKTA
Okta
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Latest analysis
Updated Aug 27, 2026
Okta posts 11% revenue growth and $116M net income in Q2 FY27, acquires Permiso to extend identity threat detection across human, non-human, and agentic identities.
Okta's Q2 FY27 10-Q confirms accelerating profitability alongside steady revenue growth: total revenue reached $805 million for the quarter, up 11% year-over-year, with operating income more than doubling to $107 million from $41 million in the prior-year period. The strategically decisive move this cycle is the post-period acquisition of Permiso Security, a cloud-native identity platform covering human, non-human, and agentic identities — a direct signal that Okta is building out identity threat detection and response as its next platform layer. Dollar-Based Net Retention held at 107%, and RPO grew to $4.86 billion, providing durable revenue visibility, while the $1 billion share repurchase program signals management confidence in free cash flow generation.
Tone: bullishRevenue
$2.9B
OKTA 10-K · FY 2026
Employees
6,366
Revenue growth YoY
+12%
Founded
2009
Profile
OKTA 10-K Item 1 · Mar 5, 2026Okta is a leading independent cloud-based identity platform company offering workforce and customer identity solutions through its Okta Platform and Auth0 Platform. The company serves more than 20,000 customers globally via a SaaS subscription model, enabling secure access management, authentication, and identity governance for human users, non-human identities, and increasingly AI agents. Okta generates revenue primarily through multi-year subscription contracts sold directly and via channel partners.
Read filing description ↓ Collapse description ↑
We are the leading independent identity partner. Our vision is to free everyone to safely use any technology, and we believe identity is the key to making that happen. Our purpose is to bring simple and secure digital access to people and organizations everywhere. Our Okta Platform and Auth0 Platform enable our customers to securely connect the right people to the right technologies and services at the right time. Identity is becoming the most critical layer of an organization's security. The acceleration of digital transformation, cloud adoption and the evolving security threat landscape continue to drive a shift in how organizations securely manage the identity of their employees, contractors and partners. As organizations shift from network-based security models to a Zero Trust security model focused on adaptive and context-aware controls, identity has become the most reliable way to manage user access and protect digital assets. In addition to these established drivers, the emergence of artificial intelligence and the deployment of AI agents may, over time, create new opportunities for identity management. We see a potential long-term opportunity for our platforms to serve as a unified, independent control plane for non-human identities and AI agents, a distinct class of identity that requires authenticated, secure access to sensitive resources at a scale and speed exceeding traditional security models designed for human users. As of January 31, 2026, more than 20,000 customers across nearly every industry used our solutions to secure and manage identities around the world. We employ a SaaS business model and generate revenue primarily by selling multi-year subscriptions to our cloud-based offerings.
Primary products
- Single Sign-on
- Adaptive MFA
- API Access Management
- Access Gateway
- Okta Device Access
- Universal Directory
Business segments
End markets
Geographies
Named competitors
“Our principal competitor is Microsoft.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Total revenue grew 12% in fiscal 2026, following 15% growth in fiscal 2025, reflecting continued subscription expansion across the customer base.
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Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.