OKTA Q1 2024 Earnings — Okta, Inc. Revenue & Financial Results | Market Cap Arena

OKTAOkta, Inc.

$14B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$518M+24.8% YoY

Gross Profit

$376M72.6% margin

Operating Income

-$160M-30.9% margin

Net Income

-$119M-23.0% margin

EPS (Diluted)

$-0.74

QoQ Revenue Growth

+1.6%

Cash Flow

Operating Cash Flow

$129M

Free Cash Flow

$124M

Stock-Based Comp.

$166M

Balance Sheet

Total Assets

$8.9B

Total Liabilities

$3.4B

Stockholders' Equity

$5.5B

Cash & Equivalents

$125M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$518M	$415M	+24.8%
Gross Profit	$376M	$284M	+32.4%
Operating Income	-$160M	-$240M	+33.3%
Net Income	-$119M	-$243M	+51.0%

Revenue Segments

Subscription and Circulation

$970M98%

Technology Service

$19M2%