Okta, Inc. (OKTA) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 FIRST STREET
SAN FRANCISCO, CA 94105
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

10/31/2023
MRQ
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,580,0002,501,7912,556,1911,403,024563,768229,714
Cash and cash equivalents264,000260,134434,607520,048298,394127,949
Short-term investments2,316,0002,241,6572,121,584882,976265,374101,765
Restricted cash and investments 5,0124,5534671,384 
Receivables491,000403,509205,318130,11591,92652,248
Capitalized contract cost92,00074,72845,94933,63624,185
Other undisclosed current assets66,00055,59366,55632,48328,06733,454
Total current assets:3,229,0003,040,6332,878,5671,599,725709,330315,416
Noncurrent Assets
Operating lease, right-of-use asset122,000147,940149,604125,204
Property, plant and equipment59,00065,48862,78353,53552,92112,540
Intangible assets, net (including goodwill)5,641,0005,718,31175,03280,55231,98618,043
Goodwill5,400,0005,401,34348,02348,02318,0896,282
Intangible assets, net (excluding goodwill)241,000316,96827,00932,52913,89711,761
Capitalized contract cost, net210,000191,029108,55577,87454,812
Deferred costs      10,971
Other noncurrent assets46,00042,29424,25618,50515,28610,427
Total noncurrent assets:6,078,0006,165,062420,230355,670155,00551,981
TOTAL ASSETS:9,307,0009,205,6953,298,7971,955,395864,335367,397
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,000164,00880,46344,13736,98221,940
Employee-related liabilities143,80571,90640,30019,77012,374
Accounts payable12,00020,2038,5573,83717,2129,566
Accrued liabilities      
Deferred revenue1,242,000973,289502,738365,236
Debt  16,194908,684100,703271,628 
Deferred revenue and credits162,633
Contract with customer, liability245,622
Other liabilities112,00089,31553,72936,8879,9596,187
Other undisclosed current liabilities 99,000     
Total current liabilities:1,465,0001,242,8061,545,614546,963564,191190,760
Noncurrent Liabilities
Long-term debt and lease obligation2,193,0001,986,3251,036,905991,513  
Long-term debt, excluding current maturities2,193,0001,815,714857,387837,002  
Liabilities, other than long-term debt183,00054,70822,23511,57547,76713,051
Deferred revenue and credits6,034
Deferred revenue18,00022,93310,8606,214
Contract with customer, liability8,768
Other liabilities23,00031,77511,3755,36138,9997,017
Operating lease, liability142,000170,611179,518154,511
Total noncurrent liabilities:2,376,0002,041,0331,059,1401,003,08847,76713,051
Total liabilities:3,841,0003,283,8392,604,7541,550,051611,958203,811
Equity
Equity, attributable to parent, including:5,466,0005,921,856694,043405,344252,377163,586
Additional paid in capital7,974,0007,749,7161,656,0961,105,564744,896565,653
Accumulated other comprehensive income (loss)(33,000)(12,009)5,390892(319)391
Accumulated deficit(2,475,000)(1,815,867)(967,456)(701,124)(492,211)(402,468)
Other undisclosed equity, attributable to parent  1613121110
Total equity:5,466,0005,921,856694,043405,344252,377163,586
TOTAL LIABILITIES AND EQUITY:9,307,0009,205,6953,298,7971,955,395864,335367,397

Income Statement (P&L) ($ in thousands)

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Revenues1,858,0001,300,201835,424586,067399,254259,990
Revenue, net259,990
Cost of revenue
(Cost of Goods and Services Sold)
(546,000)(396,405)(217,681)(159,382)(113,421)(80,755)
Gross profit:1,312,000903,796617,743426,685285,833179,235
Operating expenses(2,124,000)(1,670,899)(821,902)(612,517)(405,455)(295,597)
Operating loss:(812,000)(767,103)(204,159)(185,832)(119,622)(116,362)
Nonoperating income
(Other Nonoperating income)
22,0009,76812,89117,0899,1801,682
Interest and debt expense(11,000)(92,361)(74,923)(41,589)(15,072) 
Loss from continuing operations before income taxes:(801,000)(849,696)(266,191)(210,332)(125,514)(114,680)
Income tax expense (benefit)(14,000)1,285(141)1,41917321
Loss from continuing operations:(815,000)(848,411)(266,332)(208,913)(125,497)(114,359)
Loss before gain (loss) on sale of properties:(848,411)(266,332)(208,913)(125,497)(114,359)
Net loss available to common stockholders, diluted:(815,000)(848,411)(266,332)(208,913)(125,497)(114,359)

Comprehensive Income ($ in thousands)

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Net loss:(815,000)(848,411)(266,332)(208,913)(125,497)(114,359)
Other comprehensive income (loss)(21,000)(17,399)4,4981,211(710)558
Comprehensive loss, net of tax, attributable to parent:(836,000)(865,810)(261,834)(207,702)(126,207)(113,801)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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