Okta Inc【OKTA】株式ニュース

A Microcap Just Staked a Claim in the AI Agent Security Land GrabMay 29, 2026 9:48 AM
PR Newswire (US) Issued on behalf of Integrated Cyber Solutions Inc. dba Integrated Quantum Technologies (CSE: ICS) (OTCQB: IGCRF) (FSE: Y4G)As enterprises rush to deploy autonomous AI agents, a new security problem is emerging that the old cybersecurity playbook wasn't built for — and a small Vancouver-based company just put a flag in the ground with a framework called MASQ.USA News Group News Commentary NEW YORK, May 29, 2026 /PRNewswire/ -- Every few years, enterprise technology produces a category that didn't exist the year before. In 2026, that category is AI agent security. Autonomous AI agents — software that can reason, make decisions, and take actions across a company's systems without a human pressing every button — are moving from pilot projects into production at remarkable speed. And with them comes a problem the traditional security stack was never designed to solve: how do you control what an AI agent is allowed to see, what it's allowed to do, and how its internal reasoning is protected while it's doing it? Integrated Cyber Solutions Inc., doing business as Integrated Quantum Technologies (CSE: ICS) (OTCQB: IGCRF) (FSE: Y4G), just announced its answer. The company has initiated the patent process for MASQ™ — short for Machine Action Security Quotient — a governance and security framework built specifically for AI agents and autonomous AI systems.What MASQ is actually trying to solveThe pitch is straightforward once you see the problem it targets. Today's AI agents don't just answer questions; they connect to APIs, call external tools, query enterprise databases, and increasingly talk to other agents through emerging plumbing like MCP (Model Context Protocol) servers. Each of those connection points is a place where an agent could access something it shouldn't, take an action nobody authorized, or leak sensitive information held in its working memory.MASQ is designed to sit across those control points and govern four things: what permissions and actions an agent is authorized to perform; what enterprise systems and data it can reach; how it interacts with APIs, external tools, and MCP servers; and — the most distinctive piece — how the sensitive information inside an agent's context window, internal attention states, and reasoning environment is protected during machine-to-machine interaction. That last element is the part most traditional cybersecurity architectures simply don't address, because they were built to protect networks and endpoints, not the live reasoning state of an autonomous machine."AI agents are becoming increasingly autonomous and interconnected, and organizations will require governance systems capable of controlling not only what agents can access and execute, but also how sensitive contextual reasoning data is protected during machine-to-machine interaction," said Jeremy J. Samuelson, EVP, Artificial Intelligence & Innovation at Integrated Quantum, who joined the company in January 2026 after serving as Principal Data and AI Scientist for Digital Identity Engineering at Equifax and is credited as the inventor of the company's VEIL technology. "This patent initiative reflects our continued focus on building foundational infrastructure for secure enterprise AI deployment."A piece of a bigger platformMASQ isn't a standalone bet. The company intends it to become a core component of its broader AIQu™ platform — a security-first, privacy-preserving, and what the company describes as quantum-resilient AI infrastructure layer. AIQu's first commercial product, VEIL™ (Vector-Encoded Information Layer), is the company's patent-pending technology aimed at protecting sensitive data across the enterprise AI and machine-learning pipeline by reducing the need to expose raw data in the first place. The company also markets a SecureGuard360™ cybersecurity platform and a managed-services offering.It's worth being precise about where MASQ stands today, because the language matters. The company has initiated the patent process and engaged intellectual property counsel — this is the beginning of a filing effort, not a granted patent or even, on its face, a completed application. MASQ is described as "being developed." For investors, that distinction is the difference between a roadmap and a shipping product, and it should be read as the former. The company's earlier AIQu provisional patent filing (30 claims, filed in January 2026) is a separate matter from this MASQ initiative.Why the timing is the storyThe reason a framework like MASQ is getting attention has less to do with this one microcap and more to do with how fast the surrounding market is moving. The numbers from the established players tell the story.In January 2026, Gartner projected that AI-cybersecurity spending — covering both securing AI and using AI to defend — would grow at a roughly 74% compound annual rate from 2024 through 2029, more than double the growth rate of AI spending overall. That is the kind of forecast that pulls every serious security vendor into the space, and they have arrived. The agentic-AI-security category now has real product from the largest names in cybersecurity, which is both validation of the thesis and a sharp reminder of how much competition a microcap faces.How IQT sits among the companies defining this spaceTo understand the market MASQ is entering, it helps to look at what the established public companies are already shipping. These are not peers of IQT in scale — they are giants, and the contrast is the point: IQT is a microcap staking an early claim in a category these companies are pouring resources into.CrowdStrike (NASDAQ: CRWD) has moved aggressively into agentic security, launching its Charlotte AI AgentWorks ecosystem and tools explicitly designed to secure AI agents and govern "shadow AI" across endpoints, SaaS, and cloud. CrowdStrike's scale — and the breadth of its launch partners — illustrates how central agent governance has become to the enterprise security roadmap.Palo Alto Networks (NASDAQ: PANW) made the category's biggest statement by completing its roughly US$25 billion acquisition of identity-security leader CyberArk in February 2026, explicitly to secure "human, machine, and agentic identity." That deal — one of the largest in cybersecurity history — is the clearest possible signal that controlling what autonomous agents can access and do is now seen as foundational infrastructure, not a niche feature.Okta (NASDAQ: OKTA) has reframed identity itself around the agentic era with "Okta for AI Agents," a platform (generally available April 30, 2026) built to discover both sanctioned and unsanctioned AI agents, treat them as governed identities, and apply lifecycle controls. Okta's framing — that identity becomes a runtime system continuously evaluating what an agent does — maps closely to the problem MASQ describes.SentinelOne (NYSE: S) introduced Prompt AI Agent Security, a real-time discovery and governance control plane for AI agents and agentic workflows that explicitly enforces policy across MCP servers operating in a customer's environment — the same machine-to-machine connection layer MASQ targets. SentinelOne's product is perhaps the closest functional analog to what IQT describes, deployed at enterprise scale.The honest takeaway from that lineup cuts both ways. On one hand, the presence of CrowdStrike, Palo Alto, Okta, and SentinelOne validates that AI agent governance is a real and rapidly growing market. On the other, it means a pre-revenue microcap with a framework still in development is entering a field crowded with extraordinarily well-resourced incumbents. Both things are true at once, and investors should hold them together.The market-awareness pieceAlongside the MASQ news, IQT announced two business-development moves. It appointed Euroswiss Capital Partners Inc., a Switzerland-based capital-markets advisory firm, as a strategic marketing and financial-advisory partner under a 12-month, non-exclusive consulting agreement (fixed fee of $100,000) to raise the company's profile across central Europe; an affiliate of Euroswiss holds 200,000 common shares, and the agreement was negotiated at arm's length. Separately, the company entered an investor-awareness agreement to support North American financial-news distribution. These are visibility initiatives — the kind small-cap issuers commonly use to broaden their investor reach — and they should be understood as marketing arrangements rather than indicators of commercial traction for MASQ itself.The bottom lineMASQ is an early-stage idea aimed squarely at a real and fast-growing problem. The thesis behind it — that autonomous AI agents need a governance layer purpose-built for what they can access, what they can do, and how their reasoning is protected — is being independently validated by the largest companies in cybersecurity, which are spending billions to address exactly that. That's the bull case.The bear case is equally plain: IQT is a microcap that has initiated a patent process on a framework still in development, in a category where it competes against some of the best-capitalized security companies on the planet. Whether MASQ becomes a defensible product, a licensed piece of intellectual property, or simply an early marker of ambition is a question that only execution — and time — will answer. What the company has done is plant a flag in one of the most consequential enterprise-technology shifts of the decade. What it builds on that claim is the part still to be written.For full company detail and ongoing updates, visit IQT's USA News Group landing page: https://usanewsgroup.com/ics-landing/Contact:USA News Group
info @therooster-2873Sources:Integrated Cyber Solutions Inc. dba Integrated Quantum Technologies, "Integrated Quantum Technologies Debuts MASQ™, an AI Agent Governance and Security Architecture, Initiates Patent Process, and Announces Strategic Market Awareness Initiatives," Newsfile Corp., May 28, 2026.Integrated Quantum Technologies, "Files Provisional Patent for Post-Quantum AI Infrastructure Platform, AIQu" (30 claims; VEIL™), January 13, 2026; EVP AI appointment (Jeremy Samuelson), January 2026.CrowdStrike Holdings, "CrowdStrike Launches the Charlotte AI AgentWorks Ecosystem," March 25, 2026; "Secure AI Agents and Govern Shadow AI," March 2026.Palo Alto Networks, "Palo Alto Networks Completes Acquisition of CyberArk to Secure the AI Era," February 11, 2026.Okta, "Okta announces new blueprint for the secure agentic enterprise" / "Okta for AI Agents" (GA April 30, 2026), March 2026.SentinelOne, "SentinelOne Unveils New AI Security Offerings" (Prompt AI Agent Security; MCP-server policy enforcement), March 23, 2026; Gartner AI-cybersecurity spend forecast (~73.9% CAGR, 2024–2029), January 2026.DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group (MIQ). MIQ has been paid a fee for Integrated Cyber Solutions (ICS). advertising and digital media from the company directly. There may be 3rd parties who may have shares of ICS, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of ICS which were purchased in the open market, and/or through private placements, and reserve the right to buy and sell, and will sell shares of ICS at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by ICS; this is a paid advertisement, we currently own shares of ICS and will sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg View original content:https://www.prnewswire.com/news-releases/a-microcap-just-staked-a-claim-in-the-ai-agent-security-land-grab-302785726.htmlSOURCE USA News Group Original: A Microcap Just Staked a Claim in the AI Agent Security Land Grab

Okta Announces Fourth Quarter And Fiscal Year 2026 Financial ResultsMarch 4, 2026 4:01 PM
Business Wire

Q4 revenue and subscription revenue grew 11% year-over-year

Remaining performance obligations (RPO) grew 15% year-over-year; current remaining performance obligations (cRPO) grew 12% year-over-year

Operating cash flow of $258 million and free cash flow of $252 million

Okta, Inc. (Nasdaq: OKTA), the leading independent identity partner, today announced financial results for its fourth quarter and fiscal year ended January 31, 2026.

“Our strong performance this fiscal year was fueled by the continued trust of the world’s largest organizations and the accelerating adoption of our new products, reinforcing the value of our unified identity platform,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “AI is redefining the future of software and creating a critical need to secure AI agents, a challenge Okta was built to solve. As the only independent and neutral identity platform, we are uniquely positioned to secure every identity – from humans to AI agents – while providing our customers across the public and private sector the flexibility to innovate with confidence in the early stages of this new era.”

Fourth Quarter Fiscal 2026 Financial Highlights:

Revenue: Total revenue was $761 million, an increase of 11% year-over-year. Subscription revenue was $747 million, an increase of 11% year-over-year.

RPO: RPO, or subscription backlog, was $4.827 billion, an increase of 15% year-over-year. cRPO, which represents subscription backlog expected to be recognized over the next 12 months, was $2.513 billion, up 12% compared to the fourth quarter of fiscal 2025.

GAAP Operating Income: GAAP operating income was $46 million, or 6% of total revenue, compared to GAAP operating income of $8 million, or 1% of total revenue, in the fourth quarter of fiscal 2025.

Non-GAAP Operating Income: Non-GAAP operating income was $202 million, or 26% of total revenue, compared to a non-GAAP operating income of $168 million, or 25% of total revenue, in the fourth quarter of fiscal 2025.

GAAP Net Income: GAAP net income was $63 million, compared to GAAP net income of $23 million in the fourth quarter of fiscal 2025. GAAP basic and diluted net income per share were $0.36 and $0.35, respectively, compared to a GAAP basic and diluted net income per share of $0.13, in the fourth quarter of fiscal 2025.

Non-GAAP Net Income: Non-GAAP net income was $167 million, compared to non-GAAP net income of $141 million in the fourth quarter of fiscal 2025. Non-GAAP diluted net income per share was $0.90, compared to non-GAAP diluted net income per share of $0.78 in the fourth quarter of fiscal 2025.

Cash Flow: Net cash provided by operations was $258 million, or 34% of total revenue, compared to net cash provided by operations of $286 million, or 42% of total revenue, in the fourth quarter of fiscal 2025. Free cash flow was $252 million, or 33% of total revenue, compared to $284 million, or 42% of total revenue, in the fourth quarter of fiscal 2025.

Cash, cash equivalents, and short-term investments were $2.553 billion at January 31, 2026.

Full Year Fiscal 2026 Financial Highlights:

Revenue: Total revenue was $2.919 billion, an increase of 12% year-over-year. Subscription revenue was $2.855 billion, an increase of 12% year-over-year.

GAAP Operating Income/Loss: GAAP operating income was $149 million, or 5% of total revenue, compared to a GAAP operating loss of $74 million, or (3)% of total revenue for fiscal 2025.

Non-GAAP Operating Income: Non-GAAP operating income was $766 million, or 26% of total revenue, compared to non-GAAP operating income of $587 million, or 22% of total revenue for fiscal 2025.

GAAP Net Income: GAAP net income was $235 million, compared to a GAAP net income of $28 million, for fiscal 2025. GAAP basic and diluted net income per share were $1.33 and $1.31, respectively, compared to a GAAP basic and diluted net income per share of $0.16 and $0.06, respectively, for fiscal 2025.

Non-GAAP Net Income: Non-GAAP net income was $646 million, compared to non-GAAP net income of $510 million for fiscal 2025. Non-GAAP diluted net income per share was $3.50, compared to non-GAAP diluted net income per share of $2.81 for fiscal 2025.

Cash Flow: Net cash provided by operations was $884 million, or 30% of total revenue, compared to $750 million, or 29% of total revenue, for fiscal 2025. Free cash flow was $863 million, or 30% of total revenue, compared to $730 million, or 28% of total revenue, for fiscal 2025.

The section titled "Non-GAAP Financial Measures" below contains a description of the non-GAAP financial measures, and reconciliations between GAAP and non-GAAP information are contained in the tables below.

Financial Outlook:

For Q1 and FY27 we continue to take a prudent approach to forward guidance that factors in current market conditions.

For the first quarter of fiscal 2027, the Company expects:

Total revenue of $749 million to $753 million, representing a growth rate of 9% year-over-year;

Current RPO of $2.440 billion to $2.450 billion, representing a growth rate of 10% year-over-year;

Non-GAAP operating income of $176 million to $180 million, which yields a non-GAAP operating margin of 23% to 24%;

Non-GAAP diluted net income per share of $0.84 to $0.86, assuming diluted weighted-average shares outstanding of approximately 185 million and a non-GAAP tax rate of 21%(1); and

Non-GAAP free cash flow of $250 million to $260 million, yielding a free cash flow margin of 33% to 35%.

For the full year fiscal 2027, the Company now expects:

Total revenue of $3.170 billion to $3.190 billion, representing a growth rate of 9% year-over-year;

Reflected in the revenue guidance is an approximately one percentage point impact to total revenue growth resulting from our decision to accelerate the shift of professional services business to our partners. This change is expected to create a headwind to professional services revenue.

Non-GAAP operating income of $795 million to $815 million, which yields a non-GAAP operating margin of 25% to 26%;

Non-GAAP diluted net income per share of $3.74 to $3.82, assuming diluted weighted-average shares outstanding of approximately 185 million and a non-GAAP tax rate of 21%(1); and

Non-GAAP free cash flow of $850 million to $880 million, which yields a free cash flow margin of 27% to 28%.

Reflected in the free cash flow guidance is an approximately one percentage point impact related to lower interest income due to the combined impact from the stock repurchase program, our intent to settle the remainder of the 2026 Notes in cash, and the interest rate environment.

(1) Effective February 1, 2026, the beginning of our first quarter of fiscal 2027, we have adopted a long-term projected non-GAAP tax rate of 21%, reduced from the previous rate of 26%. This adjustment is primarily due to the enactment of the One Big Beautiful Bill Act. The revised rate will apply prospectively.

These statements are forward-looking and actual results may differ materially. Refer to the "Forward-Looking Statements" safe harbor below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Okta has not reconciled its forward-looking non-GAAP financial measures to their most directly comparable GAAP measures because certain items are out of Okta’s control or cannot be reasonably predicted. Accordingly, reconciliations for forward-looking non-GAAP financial measures are not available without unreasonable effort.

Webcast Information:

Okta will host a live video webcast at 2:00 p.m. Pacific Time on March 4, 2026 to discuss the results and outlook. The prepared remarks and the news release with the financial results will be accessible from the Company’s website at investor.okta.com prior to the webcast. The live video webcast will be accessible from the Okta investor relations website at investor.okta.com. A replay will be available on the Okta investor relations website following the completion of the event.

Supplemental Financial and Other Information:

Supplemental financial and other information can be accessed through the Company’s investor relations website at investor.okta.com. Okta uses its investor.okta.com website and okta.com/blog websites (including the Security Blog, Okta Developer Blog and Auth0 Developer Blog) as a means of disclosing material non-public information, announcing upcoming investor conferences and for complying with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations and okta.com/blog websites in addition to following our press releases, SEC filings and public conference calls and webcasts.

Non-GAAP Financial Measures:

This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP net margin, non-GAAP diluted net income per share, non-GAAP tax rate, free cash flow and free cash flow margin. Certain of these non-GAAP financial measures exclude stock-based compensation, non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, restructuring costs related to severance and termination benefits and lease impairments in connection with the closing of certain leased facilities, certain non-ordinary course legal settlements and related expenses, amortization of debt issuance costs and gain on early extinguishment of debt. Acquisition and integration-related expenses include transaction costs and other non-recurring incremental costs incurred through the one-year anniversary of the transaction close.

Stock-based compensation is non-cash in nature and is generally fixed at the time the stock-based instrument is granted and amortized over a period of several years. Although stock-based compensation is an important aspect of the compensation of our employees and executives, the expense for the fair value of the stock-based instruments we use may bear little resemblance to the actual value realized upon the vesting or future exercise of the related stock-based awards. We believe excluding stock-based compensation provides meaningful supplemental information regarding the long-term performance of our core business and facilitates comparison of our results to those of peer companies.

We also exclude non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, restructuring costs related to severance and termination benefits and lease impairments in connection with the closing of certain leased facilities, certain non-ordinary course legal settlements and related expenses, amortization of debt issuance costs and gain on early extinguishment of debt from the applicable non-GAAP financial measures because these adjustments are considered by management to be outside of our core operating results.

In addition to these exclusions, we subtract an assumed provision for income taxes to calculate non-GAAP net income. We have used a fixed long-term projected tax rate of 26% in our computation of the non-GAAP income tax provision through fiscal 2026 to provide better consistency across the reporting periods. Effective February 1, 2026, the beginning of our first quarter of fiscal 2027, our non-GAAP tax rate has changed to 21%. The non-GAAP tax rate is subject to change for a variety of reasons, including changes in tax laws and regulations, significant changes in our geographic earnings mix, or other changes to our strategy or business operations. We will periodically reevaluate the projected long-term tax rate, as necessary, for significant events based on our ongoing analysis of relevant tax law changes, material changes in the forecasted geographic earnings mix, and any significant acquisitions.

We define free cash flow, a non-GAAP financial measure, as net cash provided by operating activities, less cash used for purchases of property and equipment, net of sales proceeds, and capitalized software. Free cash flow margin is calculated as free cash flow divided by total revenue. We use free cash flow as a measure of financial progress in our business, as it balances operating results, cash management, and capital efficiency. We believe information regarding free cash flow provides investors and others with an important perspective on the cash available to make strategic acquisitions and investments, to fund ongoing operations, and to fund other capital expenditures. Free cash flow can be volatile and is sensitive to many factors, including changes in working capital and timing of capital expenditures. Working capital at any specific point in time is subject to many variables, including seasonality, the discretionary timing of expense payments, discounts offered by vendors, vendor payment terms, and fluctuations in foreign exchange rates.

We periodically reassess the components of our non-GAAP adjustments for changes in how we evaluate our performance and changes in how we make financial and operational decisions, and consider the use of these measures by our competitors and peers to ensure the adjustments remain relevant and meaningful.

Okta believes that non-GAAP financial information, when taken collectively with GAAP financial measures, may be helpful to investors because it provides consistency and comparability with past financial performance and assists in comparisons with other companies, some of which use similar non-GAAP financial information to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, and should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP measures used by other companies.

The principal limitation of these non-GAAP financial measures is that they exclude significant expenses that are required by GAAP to be recorded in the Company’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by the Company's management about which expenses are excluded or included in determining these non-GAAP financial measures. A reconciliation is provided below for each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP.

Okta encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.

Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," "shall" and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, adverse macroeconomic conditions could reduce demand for our solutions; we and our third-party service providers could experience additional cybersecurity incidents; we may be unable to manage or sustain our revenue growth and profitability; we may fail to keep pace with technological change; our financial resources may be insufficient to effectively compete in our market; we may be unable to attract new customers, or retain or sell additional solutions to existing customers; we may fail to maintain strategic partnerships to promote or enhance our solutions; we may experience challenges expanding our existing marketing and sales capabilities, including further specializing our go-to-market organization; our customer growth could further decelerate; interruptions or performance problems could adversely impact our technology; and we and our third-party service providers could fail to fully comply with applicable privacy and security requirements. Further information on potential factors that could affect our financial results is included in our most recent Quarterly Report on Form 10-Q and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

About Okta

Okta, Inc. is The World’s Identity Company™. We secure AI, machine, and human identity so everyone is free to safely use any technology. Our workforce and customer solutions empower businesses and developers to protect their AI agents, users, employees, and partners while driving security, efficiencies, and innovation. Learn why the world’s leading brands trust Okta for authentication, authorization, and more at okta.com.

OKTA, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(dollars in millions, shares in thousands, except per share data)

(unaudited)

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

Revenue:

Subscription

$

747

$

670

$

2,855

$

2,556

Professional services and other

14

12

64

54

Total revenue

761

682

2,919

2,610

Cost of revenue:

Subscription(1)

148

142

578

549

Professional services and other(1)

20

16

83

69

Total cost of revenue

168

158

661

618

Gross profit

593

524

2,258

1,992

Operating expenses:

Research and development(1)

165

157

639

642

Sales and marketing(1)

264

235

1,018

965

General and administrative(1)

114

113

448

448

Restructuring and other charges

4

11

4

11

Total operating expenses

547

516

2,109

2,066

Operating income (loss)

46

8

149

(74

)

Interest expense

(1

)

(1

)

(4

)

(5

)

Interest income and other, net

25

24

110

106

Gain on early extinguishment of debt

—

—

—

19

Interest and other, net

24

23

106

120

Income before provision for income taxes

70

31

255

46

Provision for income taxes

7

8

20

18

Net income

$

63

$

23

$

235

$

28

Net income per share, basic

$

0.36

$

0.13

$

1.33

$

0.16

Net income per share, diluted

$

0.35

$

0.13

$

1.31

$

0.06

Weighted-average shares used to compute net income per share, basic

177,317

171,936

175,882

169,569

Weighted-average shares used to compute net income per share, diluted

180,450

175,280

179,290

175,086

(1) Amounts include stock-based compensation expense as follows:

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

Cost of subscription revenue

$

17

$

21

$

74

$

82

Cost of professional services and other

2

3

10

12

Research and development

49

48

196

216

Sales and marketing

32

32

132

131

General and administrative

34

27

132

124

Total stock-based compensation expense

$

134

$

131

$

544

$

565

OKTA, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(dollars in millions)

(unaudited)

January 31,

January 31,

2026

2025

Assets

Current assets:

Cash and cash equivalents

$

858

$

409

Short-term investments

1,695

2,114

Accounts receivable, net

687

621

Deferred commissions

171

140

Prepaid expenses and other current assets

233

132

Total current assets

3,644

3,416

Property and equipment, net

38

43

Operating lease right-of-use assets

65

74

Deferred commissions, noncurrent

332

267

Intangible assets, net

91

138

Goodwill

5,487

5,448

Other assets

53

51

Total assets

$

9,710

$

9,437

Liabilities and stockholders' equity

Current liabilities:

Accounts payable

$

12

$

13

Accrued expenses and other current liabilities

104

103

Accrued compensation

213

207

Convertible senior notes, net

350

509

Deferred revenue

1,875

1,691

Total current liabilities

2,554

2,523

Convertible senior notes, net, noncurrent

—

349

Operating lease liabilities, noncurrent

72

94

Deferred revenue, noncurrent

30

27

Other liabilities, noncurrent

55

39

Total liabilities

2,711

3,032

Stockholders’ equity:

Preferred stock

—

—

Class A common stock

—

—

Class B common stock

—

—

Additional paid-in capital

9,553

9,219

Accumulated other comprehensive income (loss)

13

(12

)

Accumulated deficit

(2,567

)

(2,802

)

Total stockholders’ equity

6,999

6,405

Total liabilities and stockholders' equity

$

9,710

$

9,437

OKTA, INC.

SUMMARY OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in millions)

(unaudited)

Twelve Months Ended

January 31,

2026

2025

Cash flows from operating activities:

Net income

$

235

$

28

Adjustments to reconcile net income to net cash provided by operating activities:

Stock-based compensation

544

565

Depreciation and amortization

96

98

Amortization of deferred commissions

161

130

Deferred income taxes

13

2

Gain on early extinguishment of debt

—

(19

)

Other, net

8

(1

)

Changes in operating assets and liabilities:

Accounts receivable

(70

)

(63

)

Deferred commissions

(245

)

(186

)

Prepaid expenses and other assets

(33

)

(37

)

Operating lease right-of-use assets

18

20

Accounts payable

(2

)

1

Accrued compensation

1

41

Accrued expenses and other liabilities

1

(3

)

Operating lease liabilities

(30

)

(33

)

Deferred revenue

187

207

Net cash provided by operating activities

884

750

Cash flows from investing activities:

Capitalized software

(12

)

(12

)

Purchases of property and equipment

(9

)

(8

)

Purchases of securities available-for-sale and other

(1,505

)

(1,812

)

Proceeds from maturities and redemption of securities available-for-sale

1,848

1,571

Proceeds from sales of securities available-for-sale and other

5

3

Payments for business acquisitions, net of cash acquired

(56

)

(56

)

Net cash provided by (used in) investing activities

271

(314

)

Cash flows from financing activities:

Payments upon maturity and repurchases of convertible senior notes

(510

)

(280

)

Taxes paid related to net share settlement of equity awards

(192

)

(148

)

Proceeds from settlement of capped calls related to convertible senior notes

2

—

Repurchases of common stock

(73

)

—

Proceeds from stock option exercises

12

27

Proceeds from shares issued in connection with employee stock purchase plan

41

42

Net cash used in financing activities

(720

)

(359

)

Effects of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash

14

(4

)

Net increase in cash, cash equivalents and restricted cash

449

73

Cash, cash equivalents and restricted cash at beginning of period

415

342

Cash, cash equivalents and restricted cash at end of period

$
864

$

415

OKTA, INC.

Reconciliation of GAAP to Non-GAAP Data

(dollars in millions, shares in thousands, except per share data)

(unaudited)

Non-GAAP Gross Profit and Non-GAAP Gross Margin

We define non-GAAP gross profit and non-GAAP gross margin as GAAP gross profit and GAAP gross margin, adjusted for stock-based compensation expense included in cost of revenue, amortization of acquired intangibles and acquisition and integration-related expenses.

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

Gross profit

$

593

$

524

$

2,258

$

1,992

Add:

Stock-based compensation expense included in cost of revenue

19

24

84

94

Amortization of acquired intangibles

12

10

43

44

Non-GAAP gross profit

$

624

$

558

$

2,385

$

2,130

Gross margin

78

%

77

%

77

%

76

%

Non-GAAP gross margin

82

%

82

%

82

%

82

%

Non-GAAP Operating Income and Non-GAAP Operating Margin

We define non-GAAP operating income and non-GAAP operating margin as GAAP operating income (loss) and GAAP operating margin, adjusted for stock-based compensation expense, non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, restructuring costs related to severance and termination benefits and lease impairments in connection with the closing of certain leased facilities and certain non-ordinary course legal settlements and related expenses.

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

Operating income (loss)

$

46

$

8

$

149

$

(74

)

Add:

Stock-based compensation expense

134

131

544

565

Non-cash charitable contributions

—

—

—

5

Amortization of acquired intangibles

18

18

68

73

Acquisition and integration-related expenses

—

—

1

—

Restructuring costs

4

11

4

11

Legal settlements and related expenses

—

—

—

7

Non-GAAP operating income

$

202

$

168

$

766

$

587

Operating margin

6

%

1

%

5

%

(3

)%

Non-GAAP operating margin

26

%

25

%

26

%

22

%

Non-GAAP Net Income, Non-GAAP Net Margin and Non-GAAP Diluted Net Income Per Share

We define non-GAAP net income and non-GAAP net margin as GAAP net income and GAAP net margin, adjusted for stock-based compensation expense, non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, amortization of debt issuance costs, gain on early extinguishment of debt, restructuring costs related to severance and termination benefits and lease impairments in connection with the closing of certain leased facilities and certain non-ordinary course legal settlements and related expenses. In addition, we subtract an assumed provision for income taxes to calculate non-GAAP net income. We use a fixed long-term projected tax rate of 26% in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods.

We define non-GAAP diluted net income per share, as non-GAAP net income divided by GAAP weighted-average shares used to compute net income per share, basic, adjusted for the potentially dilutive effect of (i) employee equity incentive plans, excluding the impact of unrecognized stock-based compensation expense, and (ii) convertible senior notes outstanding. In addition, non-GAAP net income per share, diluted, includes the impact of our capped call agreements on convertible senior notes outstanding. The capped call agreements are intended to offset potential dilution to our Class A common stock upon any conversion or settlement of the convertible senior notes under certain circumstances. Accordingly, we did not record any adjustments for the potential impact of the convertible senior notes outstanding under the if-converted method.

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

Net income

$

63

$

23

$

235

$

28

Add:

Stock-based compensation expense

134

131

544

565

Non-cash charitable contributions

—

—

—

5

Amortization of acquired intangibles

18

18

68

73

Acquisition and integration-related expenses

—

—

1

—

Amortization of debt issuance costs

—

—

1

2

Gain on early extinguishment of debt

—

—

—

(19

)

Restructuring costs

4

11

4

11

Legal settlements and related expenses

—

—

—

7

Tax adjustment

(52

)

(42

)

(207

)

(162

)

Non-GAAP net income

$

167

$

141

$

646

$

510

Net margin

8

%

3

%

8

%

1

%

Non-GAAP net margin

22

%

21

%

22

%

20

%

Weighted-average shares used to compute net income per share, basic

177,317

171,936

175,882

169,569

Non-GAAP weighted-average effect of potentially dilutive securities

7,574

9,636

8,646

12,020

Non-GAAP weighted-average shares used to compute non-GAAP net income per share, diluted

184,891

181,572

184,528

181,589

Net income per share, diluted

$

0.35

$

0.13

$

1.31

$

0.06

Non-GAAP net income per share, diluted

$

0.90

$

0.78

$

3.50

$

2.81

OKTA, INC.

Reconciliation of GAAP to Non-GAAP Financial Measures

(dollars in millions)

(unaudited)

Free Cash Flow and Free Cash Flow Margin

We define free cash flow, a non-GAAP financial measure, as net cash provided by operating activities, less cash used for purchases of property and equipment, net of sales proceeds, and capitalized software. Free cash flow margin is calculated as free cash flow divided by total revenue.

Three Months Ended

January 31,

Twelve Months Ended

January 31,

2026

2025

2026

2025

Net cash provided by operating activities

$

258

$

286

$

884

$

750

Less:

Purchases of property and equipment

(2

)

(1

)

(9

)

(8

)

Capitalized software

(4

)

(1

)

(12

)

(12

)

Free cash flow

$

252

$

284

$

863

$

730

Net cash provided by (used in) investing activities

$

48

$

(177

)

$

271

$

(314

)

Net cash used in financing activities

$

(98

)

$

(7

)

$

(720

)

$

(359

)

Operating cash flow margin

34

%

42

%

30

%

29

%

Free cash flow margin

33

%

42

%

30

%

28

%

View source version on businesswire.com: https://www.businesswire.com/news/home/20260304801624/en/
Investor Contact:

Dave Gennarelli

investor@okta.com

Media Contact:

Will Stickney

press@okta.com

Original: Okta Announces Fourth Quarter And Fiscal Year 2026 Financial Results