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OKTA Q1 Earnings Highlights

$OKTA (+1.12%)


๐Ÿ”น Revenue: $688M (Est. $680.3M) ๐ŸŸข; +12% YoY

๐Ÿ”น Non-GAAP EPS: $0.86 (Est. $0.77) ๐ŸŸข

๐Ÿ”น Subscription Revenue: $673M; +12% YoY


Full-Year Guidance:

๐Ÿ”น Non-GAAP EPS: $3.23โ€“$3.28 (Est. $3.21) ๐Ÿ˜

๐Ÿ”น Revenue: $2.85Bโ€“$2.86B (Est. ~$2.85B) ๐ŸŸก; +9%โ€“10% YoY

๐Ÿ”น Non-GAAP Operating Income: $710Mโ€“$720M (25% margin)

๐Ÿ”น Free Cash Flow Margin: ~27%


Q2 Guidance:

๐Ÿ”น Non-GAAP EPS: $0.83โ€“$0.84 (Est. $0.77) ๐ŸŸข

๐Ÿ”น Revenue: $710Mโ€“$712M (Est. ~$704M) ๐ŸŸข

๐Ÿ”น cRPO: $2.20Bโ€“$2.205B; +10%โ€“11% YoY

๐Ÿ”น Non-GAAP Operating Income: $183Mโ€“$185M (26% margin)

๐Ÿ”น Free Cash Flow Margin: ~19%


Q1 Customer Metrics & Backlog:

๐Ÿ”น RPO: $4.08B; +21% YoY

๐Ÿ”น cRPO: $2.23B; +14% YoY


Other Key Q1 Metrics:

๐Ÿ”น Non-GAAP OI: $184M; +38% YoY

๐Ÿ”น Non-GAAP EPS: $0.86 (vs. $0.65 YoY) ๐ŸŸข

๐Ÿ”น Operating Cash Flow: $241M; Free Cash Flow: $238M (35% margin)


CEO Todd McKinnon:

๐Ÿ”ธ "Q1 delivered record operating profit and robust free cash flow. Despite an uncertain macro, demand for identity security remains strong across workforce, customer, and AI-driven use cases."

๐Ÿ”ธ "We're focused on profitable growth and innovation in delivering the only modern, unified identity security platform."

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2 Comments

Good figures, has done well recently, therefore due to hair in the soup, profit taking. Stay with us๐Ÿ‘Œ
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top but everything non GAP
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