---
schema_version: "secwatch.filing_event.v1"
accession: "0001660134-23-000044"
form_type: "8-K"
ticker: "OKTA"
cik: "0001660134"
company_name: "Okta, Inc."
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T02:00:20.667153+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Okta Q2 FY2024 revenue $556M (+23% YoY); co-founder COO not returning from sabbatical

## Summary
- Revenue $556M (+23% YoY); subscription $542M (+24%); cRPO $1.77B (+18%).
- GAAP op. loss $162M (29% rev) vs $208M (46%); non-GAAP op. income $59M (11%) vs loss $15M.
- GAAP net loss $111M ($0.68/sh) vs $210M ($1.34); non-GAAP net income $56M ($0.31 diluted).
- Operating cash flow $53M vs negative $19M; free cash flow $49M vs negative $24M.
- Co-founder and COO Kerrest will not return from sabbatical after Oct 31; remains Board Vice Chairman.

## SEC filing metadata
- accession: 0001660134-23-000044
- form_type: 8-K
- ticker: OKTA
- cik: 0001660134
- company_name: Okta, Inc.
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1660134/000166013423000044/0001660134-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1660134/000166013423000044/okta-20230824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001660134-23-000044
- JSON: https://secwatch.observer/filing/0001660134-23-000044.json
- Plain text: https://secwatch.observer/filing/0001660134-23-000044.txt

## Key facts
- Earnings Releases
  Okta, Inc. reported the second quarter ended July 31, 2023 results: revenue $556 million, net income GAAP net loss was $111 million, EPS GAAP net loss per share was $0.68.
  - Period: the second quarter ended July 31, 2023
  - Revenue: $556 million
  - Net income: GAAP net loss was $111 million
  - EPS: GAAP net loss per share was $0.68
  - Result: reported results
  source text: innovation for our customers, while delivering non-GAAP profitable growth to our shareholders.” Second Quarter Fiscal 2024 Financial Highlights: • Revenue: Total revenue was $556 million , an increase of 23% year-over-year. Subscription revenue was $542 million, an increase of 24% year-over-year. • RPO: RPO, or subscription backlog, was $3.03 billion, an increase
  evidence_url: https://www.sec.gov/Archives/edgar/data/1660134/000166013423000044/0001660134-23-000044-index.htm
- Executive change
  J. Frederic Kerrest changed role as Chief Operating Officer at Okta, Inc..
  - Action: will not return as an employee
  - Role: Chief Operating Officer
  source text: On August 24, 2023, J. Frederic Kerrest, the Company’s Executive Vice Chairman, Chief Operating Officer and Co-founder, notified the Company that he will not return as an employee from his current sabbatical, which ends on October 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1660134/000166013423000044/0001660134-23-000044-index.htm

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