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Jan 31, 2022
Okta Q4 2022 Earnings Report
Okta's Q4 2022 earnings showcased strong revenue growth and increasing RPO.
Key Takeaways
Okta reported strong Q4 and fiscal year 2022 results, with revenue growing 63% year-over-year and subscription revenue increasing by 64%. The company's remaining performance obligations (RPO) also saw significant growth, increasing by 50% year-over-year.
Total revenue was $383 million, up 63% year-over-year.
Subscription revenue reached $369 million, a 64% increase year-over-year.
Remaining Performance Obligations (RPO) grew 50% year-over-year to $2.69 billion.
Current RPO increased 60% year-over-year to $1.35 billion.
Revenue by Segment
Forward Guidance
Okta provided financial outlook for Q1 and full year fiscal 2023, including the expected contribution from the Auth0 acquisition.
Positive Outlook
- Q1 2023 total revenue is expected to be $388 million to $390 million, representing a growth rate of 55% year-over-year.
- Full year fiscal 2023 total revenue is projected to be $1.78 billion to $1.79 billion, representing a growth rate of 37% to 38% year-over-year.
- The guidance includes the expected contribution from the acquisition of Auth0.
- Okta is the leading independent identity provider.
- Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential.
Challenges Ahead
- Q1 2023 non-GAAP operating loss is expected to be $51 million to $50 million.
- Q1 2023 non-GAAP net loss per share is projected to be $0.35 to $0.34.
- Full year fiscal 2023 non-GAAP operating loss is expected to be $185 million to $180 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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