Okta Q3 2025 Earnings Report
Key Takeaways
Okta reported a 14% year-over-year increase in revenue, reaching $665 million. Subscription revenue also grew by 14% year-over-year, amounting to $651 million. The company's remaining performance obligations (RPO) increased by 19% year-over-year.
Q3 revenue grew 14% year-over-year and subscription revenue also grew 14% year-over-year.
Remaining performance obligations (RPO) grew 19% year-over-year.
Operating cash flow was $159 million and free cash flow was $154 million.
GAAP net income was $16 million, compared to a GAAP net loss of $81 million in the third quarter of fiscal 2024.
Okta
Okta
Okta Revenue by Segment
Forward Guidance
For the fourth quarter of fiscal 2025, the Company expects total revenue of $667 million to $669 million, representing a growth rate of 10% to 11% year-over-year.
Positive Outlook
- Total revenue of $667 million to $669 million, representing a growth rate of 10% to 11% year-over-year
- Current RPO of $2.130 billion to $2.135 billion, representing a growth rate of 9% year-over-year
- Non-GAAP operating income of $154 million to $156 million, yielding a non-GAAP operating margin of 23%
- Non-GAAP diluted net income per share of $0.73 to $0.74, 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 32%
Revenue & Expenses
Visualization of income flow from segment revenue to net income