secwatch.observer — SEC 8-K summary
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Issuer:     Okta, Inc. (OKTA)
CIK:        0001660134
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001660134-23-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660134/000166013423000032/0001660134-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660134/000166013423000032/okta-20230531.htm
  HTML page:      https://secwatch.observer/filing/0001660134-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer