secwatch.observer — SEC 8-K summary
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Issuer:     Okta, Inc. (OKTA)
CIK:        0001660134
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001660134-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Okta Q4 revenue $605M (+19% YoY); record non-GAAP profit and cash flow
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- Q4 total revenue $605M (+19% YoY), subscription revenue $591M (+20% YoY).
- Non-GAAP operating income $129M (21% margin) vs $46M (9% margin) a year ago.
- cRPO $1.952B, up 16% YoY; GAAP net loss per share $0.26 improved from $0.95.
- Record Q4 operating cash flow $174M (29% of revenue) and free cash flow $166M (28%).
- Repurchased $150M principal of convertible notes due 2026; cash and equivalents $2.202B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1660134/000166013424000019/0001660134-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1660134/000166013424000019/okta-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001660134-24-000019

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