Okta Q1 2025 Earnings Report
Key Takeaways
Okta's Q1 2025 shows strong revenue growth and significant improvements in profitability and cash flow. Total revenue increased by 19% year-over-year to $617 million, with subscription revenue growing by 20% to $603 million. The company reported record operating cash flow of $219 million and free cash flow of $214 million.
Total revenue was $617 million, up 19% year-over-year.
Subscription revenue reached $603 million, a 20% increase year-over-year.
Current remaining performance obligations (cRPO) grew 15% year-over-year to $1.949 billion.
The company had record operating cash flow of $219 million and free cash flow of $214 million.
Okta
Okta
Okta Revenue by Segment
Forward Guidance
For the second quarter of fiscal 2025, Okta expects total revenue of $631 million to $633 million, representing a growth rate of 13% to 14% year-over-year. The company anticipates current RPO of $1.955 billion to $1.960 billion, a growth rate of 10% to 11% year-over-year.
Positive Outlook
- Total revenue of $631 million to $633 million, representing a growth rate of 13% to 14% year-over-year
- Current RPO of $1.955 billion to $1.960 billion, representing a growth rate of 10% to 11% year-over-year
- Non-GAAP operating income of $123 million to $125 million, which yields a non-GAAP operating margin of 19% to 20%
- Non-GAAP diluted net income per share of $0.60 to $0.61, assuming diluted weighted-average shares outstanding of approximately 182 million and a non-GAAP tax rate of 26%
- Non-GAAP free cash flow margin of approximately 5%
Revenue & Expenses
Visualization of income flow from segment revenue to net income