Okta Inc (OKTA)

Okta surges after first-quarter earnings and revenue top expectations (OKTA)May 29, 2026 10:22 AM
IH Market News Shares climb as quarterly results beat forecasts Okta (NASDAQ:OKTA) moved sharply higher in pre-market trading on Friday, gaining more than 7% and building on a 4.7% rise in after-hours dealings after the identity and access management specialist delivered stronger-than-expected fiscal first-quarter 2027 results. The company reported revenue of $765 million for the quarter ended April 2026, representing year-on-year growth of 11% and exceeding the $752 million consensus estimate highlighted by Raymond James. Adjusted earnings reached $0.91 per share, comfortably ahead of analyst expectations of $0.85. Subscription business continues to drive growth Subscription revenue rose 11.4% from a year earlier to $750 million, reflecting continued demand for Okta’s identity security solutions. Investors also focused on remaining performance obligations, a key indicator of future revenue. Current remaining performance obligations increased 12% year-on-year to $2.50 billion, slightly ahead of Raymond James’ buyside estimate of $2.49 billion. Total remaining performance obligations climbed 16% to $4.72 billion, while the company’s dollar-based net retention rate improved to 107%, accelerating by 100 basis points from the previous quarter. Enterprise customer growth remains healthy Okta continued to expand its presence among larger customers during the quarter. The company added 80 new customers with annual contract values exceeding $100,000, bringing the total number of large enterprise clients to 5,180, an increase of 6% compared with the same period last year. According to Raymond James, recently launched products accounted for approximately 25% of first-quarter bookings. Transactions that included at least one newer product generated roughly 40% higher annual contract value than standard deals. The company also delivered strong cash generation, reporting operating cash flow of $277 million and free cash flow of $271 million. New product strategy delivers results Management credited the company’s revised sales strategy and product expansion efforts for the strong performance. “Last year’s go-to-market specialization is driving tangible results, including continued strength with large enterprises and increased sales productivity,” Chief Financial Officer Brett Tighe said. “The success of our new product portfolio, particularly Okta Identity Governance, validates that Okta’s unified identity platform is resonating with customers.” AI opportunity continues to expand During the earnings call, executives highlighted growing customer interest in artificial intelligence-related identity solutions. Management described the company’s AI pipeline as “bigger than anything we’ve ever seen,” while noting that AI-related offerings are currently at an early stage and were “not materially contributing to the business in Q1.” The comments reinforced investor optimism about the long-term opportunity for identity management solutions as AI adoption accelerates across enterprises. Guidance points to continued growth For the second quarter, Okta forecast revenue between $790 million and $794 million, alongside adjusted earnings of $0.95 to $0.97 per share. For fiscal 2027 as a whole, management expects revenue of between $3.185 billion and $3.205 billion, representing annual growth of approximately 9% to 10%. Adjusted earnings per share are projected to range from $3.79 to $3.87. Analysts raise price targets following results The stronger-than-expected quarter prompted positive reactions from Wall Street analysts. Raymond James maintained its “outperform” rating and increased its target price to $115 from $85. The brokerage now forecasts fiscal 2027 revenue of approximately $3.195 billion and non-GAAP earnings per share of $3.83. Morgan Stanley also reiterated its “overweight” rating and lifted its target price to $115 from $101. The bank cited growing traction for newer products and the emerging opportunity in AI agent identity management, valuing the stock at 18 times projected calendar-year 2027 free cash flow. Okta stock price Original: Okta surges after first-quarter earnings and revenue top expectations (OKTA)

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 to Present at Upcoming Investor ConferencesMay 29, 2026 8:00 AM
Business Wire Okta, Inc. (Nasdaq: OKTA), the leading independent identity provider, today announced that a member of its management team is scheduled to participate in an upcoming investor conference. Details for the event are as follows: Evercore TMT Conference
Wednesday, June 3, 2026
1:20 p.m. Pacific time (4:20 p.m. Eastern time) FBN Virtual Technology Conference
Wednesday, June 10, 2026
11:30 a.m. Pacific time (2:30 p.m. Eastern time) The presentations will be webcast live on the investor relations section of Okta’s website at investor.okta.com. Replays of the presentation will be available on the website following the completion of each event. 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 customer and workforce 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 uses its investor.okta.com 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20260529949693/en/ Investor Contact:
Dave Gennarelli
investor@okta.com Media Contact:
Will Stickney
press@okta.com Original: Okta to Present at Upcoming Investor Conferences

Industry Leaders Demonstrate Integrated Post-Quantum Security Solutions at OFC 2026May 6, 2026 9:25 AM
PR Newswire (Canada) Issued on behalf of Quantum Secure Encryption Corp.VANCOUVER, BC, May 6, 2026 /CNW/ -- Equity-Insider.com News Commentary — The post-quantum cryptography market hit $850 million in 2024 and is on track to top $10 billion by 2032, growing at a 38% compound annual rate[1]. That kind of capital is pouring in for one reason: quantum computers are expected to break the encryption protecting most sensitive data today, and the migration window is shrinking fast. The White House's March 2026 Cyber Strategy made the timeline official, designating post-quantum cryptography as a federal infrastructure priority alongside zero trust and cloud security[2]. Six companies are now positioned across the full migration stack, from enterprise readiness platforms to quantum-secured communications and identity verification: Quantum Secure Encryption Corp. (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8), Okta (NASDAQ: OKTA), Kyndryl (NYSE: KD), Quantum Computing (NASDAQ: QUBT), and Ciena (NYSE: CIEN). Analysts at MarketGenics project the broader sector will scale from $1 billion in 2025 to $45 billion by 2035, a 43% compound annual growth rate driven by the shift from pilot programs to full-scale enterprise deployment[3]. PwC's analysis of the federal strategy reinforces why: quantum-readiness roadmaps and crypto-agile infrastructure are becoming procurement prerequisites, which means the platforms that can actually execute a structured migration, not just flag the risk, are where the asymmetric value sits in this cycle[4].Quantum Secure Encryption (CSE: QSE) (OTCQB: QSEGF) (FSE: VN8) has released QPA v2, an enterprise platform designed to help organizations find exactly where their encryption is exposed to quantum computing and map out a plan to fix it before it becomes a problem.Quantum computers are expected to eventually break the encryption protecting most sensitive data today. Most large organizations already know this, but few have a practical way to act on it. QSE built QPA v2 to fill that gap. The platform walks teams through governance, budgets, and migration timelines using a step-by-step planning wizard. AI-powered modules score how prepared an organization's encryption actually is. Inventory tools scan software, hardware, and encryption infrastructure to flag what needs replacing. A centralized dashboard gives leadership a real-time view of risk and progress across the entire organization. QSE says the platform is already live with both current and prospective clients."Organizations are now moving from understanding quantum risk to actively planning for it," said Ted Carefoot, CEO of QSE. "QPA v2 is designed to support that transition by providing a structured, repeatable framework that enables enterprises and public-sector organizations to assess their current state, prioritize risk, and plan their migration toward post-quantum cryptographic standards."QSE's public-sector traction is growing. The company recently landed its first municipal government pilot through MISA (Municipal Information Systems Association), a national network connecting Canadian municipalities with emerging technology. That municipality is now using QPA to identify which systems depend on encryption that quantum computers could eventually crack, and to start planning upgrades. QSE says conversations with additional municipalities are already underway.The commercial side has expanded just as fast. Since November 2025, QSE has grown from four to thirteen operational markets worldwide, with eleven value-added distributors active and two more partnerships expected to close shortly. The company also joined CADSI (Canadian Association of Defence and Security Industries), opening new pathways into Canadian defence and public-sector procurement.QPA v2 connects to QSE's broader product suite, which includes quantum-resilient key infrastructure, the QAuth identity platform, and encrypted storage solutions. QSE is a Canadian post-quantum security company helping organizations protect sensitive data from the more powerful cyberattacks quantum computing is expected to enable, serving commercial, enterprise, and government clients ahead of a generational shift in encryption.CONTINUED… Read this and more on QSE at: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/Other industry developments and happenings in the market include:Okta (NASDAQ: OKTA) has unveiled a new blueprint for the secure agentic enterprise, addressing three critical questions organizations face in deploying AI agents: where agents exist, what they can connect to, and what actions they can take. Recent research cited in the announcement found that 88% of organizations report suspected or confirmed AI agent security incidents, yet only 22% treat AI agents as independent, identity-bearing entities."AI agents are evolving faster than any software before them, making traditional security models obsolete. Speed is now a given, but security is the differentiator," said Ric Smith, President of Products & Technology, Okta. "With this new blueprint, Okta is establishing the industry standard for the secure agentic enterprise. We enable companies to discover shadow agents, secure connection points, and maintain the ultimate 'kill switch' to protect their enterprise from evolving risks."To implement the framework, Okta is delivering Okta for AI Agents, a platform set for general availability on April 30, 2026, that discovers and registers known and unknown AI agents, standardizes agent access, and enables instant access revocation. The platform extends Okta's existing catalog of 8,200+ integrations to include dedicated support for AI agent platforms including Boomi, DataRobot, and Google Vertex AI.Kyndryl (NYSE: KD) released findings from its 2025-2026 Security and Networks Snapshot, revealing a significant gap between enterprise infrastructure investment and actual preparedness for converging modernization demands. Based on insights from 3,700 business and technology leaders across 21 countries, the report found that while 62% of organizations are investing in quantum technologies, only 4% of leaders view quantum as the most impactful near-term technology, and 25% of mission-critical networks, storage and servers are at end-of-service."Quantum threats, evolving data sovereignty rules and aging networks are not separate challenges; they are connected pressure points on the same system," said Paul Savill, Global Practice Leader, Cyber Security & Resiliency, Network & Edge, Kyndryl. "In the AI era, organizations engineered for agility, sovereignty awareness and quantum readiness will not only reduce risk, but also build the trust required to fuel innovation."The report also found that 84% of leaders say data sovereignty and repatriation regulations have grown more important in the past year, while only 37% believe their network infrastructure is ready for future risks. As enterprises face tightening regulatory environments and accelerating AI adoption, Kyndryl positions its advisory and managed services portfolio as central to closing the readiness gap at scale.Quantum Computing (NASDAQ: QUBT) and Ciena (NYSE: CIEN) jointly demonstrated next-generation quantum-secured communications at OFC 2026, showcasing a layered security architecture that integrates quantum key distribution, quantum authentication, and AES-256-GCM optical encryption. The solution addresses both current cybersecurity threats and future risks posed by quantum computers by combining optical-layer encryption with post-quantum cryptographic techniques."This collaboration demonstrates how quantum-secured communications can move from theory to deployment," said Pouya Dianat, Chief Revenue Officer of Quantum Computing. "By integrating our time-frequency entanglement-based QKD and quantum identity authentication technologies with Ciena's high-capacity optical encryption solution, we are delivering a layered security approach built for real-world networks."Quantum Computing's system features a time-frequency entanglement-based QKD architecture using telecom-band photons, and can be augmented with Quantum Identity Authentication using Quantum Zero Knowledge Proof, a hardware-based technology recognized with the 2023 Edison Patent Award. Following its February 2026 acquisition of Luminar Semiconductor, the company has expanded its manufacturing capabilities and product portfolio across photonics and optics components and systems."For businesses and network operators handling sensitive data, the shift towards quantum-safe communications has already begun," said Paulina Gomez, Senior Advisor, Portfolio Marketing at Ciena. "Our easy-to-deploy solution delivers high-speed quantum-safe communications straight out of the box, without impacting performance, to protect critical in-flight data today while preparing for the quantum future."Ciena's Waveserver platform anchors the demonstration, delivering optical AES-256-GCM encryption scaling to 1.6 Tb/s with support for NIST-certified post-quantum cryptography algorithms and ETSI-standard QKD interworking, positioning both companies at the forefront of enterprise quantum security deployment.FURTHER READING: https://equity-insider.com/2025/03/18/is-scope-technologies-corp-cse-scpe-otcqb-scpcf-the-next-big-player-in-quantum-cybersecurity/CONTACT:
EQUITY INSIDER
info @acblanke1DISCLAIMER: 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 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. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for QSE - Quantum Secure Encryption Corp. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares QSE - Quantum Secure Encryption Corp., and may liquidate their shares which could have a negative effect on the price of the stock. Previous 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 own shares of QSE - Quantum Secure Encryption Corp. which were purchased as a part of a private placement, and in the open market. MIQ reserves the right to buy and sell, and will buy and sell shares of QSE - Quantum Secure Encryption Corp. at any time hereafter without any further notice. We also expect further compensation in the future 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 disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or 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.SOURCES:https://www.kingsresearch.com/report/post-quantum-cryptography-market-3039 https://www.whitehouse.gov/wp-content/uploads/2026/03/president-trumps-cyber-strategy-for-america.pdf https://www.openpr.com/news/4433132/post-quantum-cryptography-market-poised-to-redefine-global https://www.pwc.com/us/en/services/consulting/cybersecurity-risk-regulatory/library/trump-cyber-strategy.html Logo - https://mma.prnewswire.com/media/2840019/5955974/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/industry-leaders-demonstrate-integrated-post-quantum-security-solutions-at-ofc-2026-302763984.html Original: Industry Leaders Demonstrate Integrated Post-Quantum Security Solutions at OFC 2026

Okta unveils AI agent security framework and new management platformMarch 16, 2026 10:32 AM
IH Market News
Okta Inc. (NASDAQ:OKTA) announced a new security framework designed to help enterprises manage risks associated with AI agents, alongside the launch of Okta for AI Agents, a platform expected to become generally available on April 30, 2026.The framework is built around three key questions organizations need to address: where AI agents operate, which systems and resources they can access, and what actions they are authorized to perform. The platform is designed to help companies identify both approved and unauthorized AI agents, manage their permissions, and revoke access when necessary.Research referenced by Okta indicates that 88% of organizations have experienced suspected or confirmed security incidents involving AI agents, yet only 22% currently treat them as independent entities requiring identity management.Okta for AI Agents includes several features aimed at improving oversight and control. Agent integrations within the Okta Integration Network will support platforms such as Boomi, DataRobot and Google Vertex AI. The system can also detect so-called “shadow agents” created without formal approval and register all AI agents as managed digital identities.The platform also introduces an Agent Gateway that functions as a centralized control layer for AI agents accessing enterprise resources. Additional capabilities include credential management tools and controls over API access. A feature called “Universal Logout” allows organizations to immediately revoke all active access tokens if an agent behaves outside of its intended parameters.“AI agents are evolving faster than any software before them, making traditional security models obsolete,” said Ric Smith, President of Products & Technology at Okta.The announcement comes as AI agents become increasingly capable, with some able to run terminal commands, access file systems and independently carry out complex tasks. To address this shift, Okta is expanding its Universal Directory to treat AI agents as distinct non-human identities that require full lifecycle management.Okta stock price

Original: Okta unveils AI agent security framework and new management platform

Okta shares climb after fourth-quarter earnings beat expectationsMarch 5, 2026 6:52 AM
IH Market News
Okta Inc (NASDAQ:OKTA) shares moved higher in U.S. premarket trading on Thursday after the company reported fourth-quarter results that came in above market expectations.The stock gained about 2.4% ahead of the opening bell on Wall Street, reversing earlier declines.The identity management specialist reported adjusted earnings per share of $0.90, exceeding the analyst consensus of $0.85 by $0.05. Revenue totaled $761 million, beating estimates of $749.53 million and marking an 11% increase from a year earlier. Subscription revenue, which represents the majority of the company’s sales, also rose 11% to $747 million.“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.Looking ahead to fiscal 2027, Okta projected full-year adjusted EPS in a range of $3.74 to $3.82, with a midpoint of $3.78 that sits above the analyst consensus of $3.67. The company also forecast revenue between $3.17 billion and $3.19 billion, compared with consensus expectations of $3.17 billion. Okta added that its plan to transition its professional services operations to partners will create a roughly one-percentage-point drag on revenue growth.“Fiscal 2027 guidance was mixed across the top and bottom line given moving pieces, but was still generally solid,” analysts at RBC Capital Markets said in a note.For the current quarter, Okta expects revenue of $749 million to $753 million and adjusted EPS of $0.84 to $0.86.During the fourth quarter, the company generated operating cash flow of $258 million and free cash flow of $252 million. Remaining performance obligations increased 15% to $4.827 billion, while current remaining performance obligations rose 12% to $2.513 billion. Okta finished the quarter with $2.553 billion in cash, cash equivalents and short-term investments.Okta stock price

Original: Okta shares climb after fourth-quarter earnings beat expectations

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