---
schema_version: "secwatch.filing_event.v1"
accession: "0001660134-23-000032"
form_type: "8-K"
ticker: "OKTA"
cik: "0001660134"
company_name: "Okta, Inc."
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:34:58.269287+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001660134-23-000032
- form_type: 8-K
- ticker: OKTA
- cik: 0001660134
- company_name: Okta, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1660134/000166013423000032/0001660134-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1660134/000166013423000032/okta-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001660134-23-000032
- JSON: https://secwatch.observer/filing/0001660134-23-000032.json
- Plain text: https://secwatch.observer/filing/0001660134-23-000032.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1660134/000166013423000032/0001660134-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.