Okta, Inc. is a leading independent identity management company focused on securing identity in the digital landscape. As of its fiscal first quarter ended April 30, 2025, Okta demonstrated a solid financial performance with a continuation of stable growth trends.

Total revenue for Q1 reached $688 million, reflecting a 12% year-over-year increase. Subscription revenue was $673 million, also an increase of 12% year-over-year. Remaining performance obligations (RPO) rose by 21% year-over-year to $4.084 billion, while current remaining performance obligations (cRPO) had a year-over-year growth of 14%, totaling $2.227 billion.

Okta reported record levels of profitability. GAAP operating income stood at $39 million, equating to 6% of total revenue, contrasted with a loss of $47 million in the same period last year. Non-GAAP operating income was $184 million, representing an operating margin of 27%, compared to 22% from the prior year. GAAP net income for the quarter was $62 million, translating to a net income per share of $0.36. Non-GAAP net income was $158 million with a per share figure of $0.86, marking increases from $117 million and $0.65 per share in the previous year, respectively.

The company generated significant cash flow, with net cash provided by operations amounting to $241 million, approximately 35% of revenue, and free cash flow of $238 million, maintaining the same percentage of total revenue year-over-year.

For guidance, Okta expects total revenue for Q2 of fiscal 2026 to range from $710 million to $712 million, indicating a growth rate of 10% year-over-year. Current RPO is forecasted to grow by 10% to 11%, targeting $2.200 billion to $2.205 billion. The company anticipates a non-GAAP operating income of $183 million to $185 million, equating to a 26% operating margin. Additionally, projected non-GAAP diluted net income per share for Q2 is expected to be between $0.83 and $0.84.

For the full year, guidance estimates total revenue between $2.850 billion and $2.860 billion, correlating to a growth rate of 9% to 10%. Full-year non-GAAP operating income is anticipated to be in the range of $710 million to $720 million, suggesting a 25% operating margin. Non-GAAP diluted net income per share is projected to be between $3.23 and $3.28.

With an unwavering focus on maintaining operating efficiencies alongside growth, Okta reported liquid assets comprising cash, cash equivalents, and short-term investments totaling $2.725 billion as of April 30, 2025.