•
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
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