Loading...
•
Apr 30
Okta Q1 2026 Earnings Report
Okta reported record operating profitability and a return to net income in Q1 FY26.
Key Takeaways
Okta delivered strong financial results in Q1 FY26, with record GAAP and non-GAAP operating profits, robust free cash flow, and positive net income, reflecting continued business momentum and operational discipline.
Total revenue grew to $688 million, driven by strength in subscription revenue.
Okta reported a GAAP net income of $62 million, reversing a loss from the prior year.
Free cash flow reached $238 million, supported by solid operating cash flow.
RPO climbed to $4.084 billion, indicating strong future subscription demand.
Okta
Okta
Okta Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProf. Services & Other Revenue
CapyFin.com Forward Guidance
Okta expects moderate revenue growth and continued profitability in Q2 FY26, while remaining cautious about macroeconomic risks.
Positive Outlook
- Q2 revenue projected at $710–$712 million
- Current RPO expected to reach up to $2.205 billion
- Non-GAAP operating margin projected at 26%
- EPS expected between $0.83–$0.84
- Free cash flow margin projected at ~19%
Challenges Ahead
- Guidance reflects caution due to macroeconomic uncertainty
- No GAAP EPS guidance provided
- Potential risks tied to new go-to-market strategy rollout
- Subscription growth guidance lower than prior periods
- Continued investment needs may affect margin expansion
Revenue & Expenses
Visualization of income flow from segment revenue to net income