secwatch.observer — SEC 8-K summary
======================================

Issuer:     Okta, Inc. (OKTA)
CIK:        0001660134
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0001660134-23-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660134/000166013423000044/0001660134-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660134/000166013423000044/okta-20230824.htm
  HTML page:      https://secwatch.observer/filing/0001660134-23-000044

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