Okta Q1 FY24 revenue $518M (+25%); record FCF $124M; non-GAAP EPS $0.22

Okta, Inc.

2024-Q1 EPS reported -$0.74 revenue$518,000,000

Revenue $518M (+25% YoY), subscription $503M (+26%); cRPO $1.70B (+20%).
GAAP operating loss $160M (31% rev) improved from $240M (58%); non-GAAP operating income $37M (7%) vs loss $41M.
GAAP net loss $119M ($0.74) vs $243M ($1.56); non-GAAP net income $38M ($0.22 diluted EPS).
Record operating cash flow $129M, free cash flow $124M; repurchased $366M of 2025 convertible notes, gain $31M.
Serves over 18,000 organizations; highlights zero trust and cloud adoption trends.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Okta, Inc. reported first quarter ended April 30, 2023 results: revenue $518 million, net income GAAP net loss was $119 million, EPS GAAP net loss per share was $0.74.

Period: first quarter ended April 30, 2023
Revenue: $518 million
Net income: GAAP net loss was $119 million
EPS: GAAP net loss per share was $0.74
Result: reported results

Exact text from the filing

innovation to our customers while delivering non-GAAP profitable growth to our shareholders.” First Quarter Fiscal 2024 Financial Highlights: • Revenue : Total revenue was $518 million , an increase of 25% year-over-year. Subscription revenue was $503 million, an increase of 26% year-over-year. • RPO : RPO, or subscription backlog, was $2.94 billion, an

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Okta, Inc. filing history →

Source: SEC EDGAR

accession 0001660134-23-000032

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