Okta, Inc. provides identity solutions for enterprises, small and medium-sized businesses, universities, non-profits, and government agencies in the United States and internationally. The company offers Okta Identity Cloud, a platform that offers a suite of products and services, such as Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Single Sign-On that enables users to access applications in the cloud or on-premise from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, Web applications, and data; Lifecycle Management that enables IT organizations or developers to manage a user's identity throughout its lifecycle; API Access Management that enables organizations to secure APIs; Access Gateway that enables organizations to extend the Okta Identity Cloud from the cloud to their existing on-premise applications; and Advanced Server Access to secure cloud infrastructure. It also provides Auth0 products, including Universal Login that allows customers to provide login experience across different applications and devices; Attack Protection, a suite of security capabilities that protect from malicious traffics; Adaptive Multi-Factor Authentication that minimizes friction to end users; Passwordless authentication enables users to login without a password and supports in various login methods; Machine to Machine provides standards-based authentication and authorization; private Cloud that allows customers to run a dedicated cloud instance of Auth0; and Organizations that enables customers to independent configurations, login experiences, and security options. It offers customer support, training, and professional services. It sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.

Okta, Inc.

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Income Statement	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Total Revenues	2,840	2,610	2,263	1,858	1,300	835	586.1	399.3	256.5	160.8	85.9
Total Revenues %Chg	12.1%	15.3%	21.8%	42.9%	55.7%	42.5%	46.8%	55.6%	59.5%	87.2%	—
Subscription
Professional Services and Other
Cost of Sales	651	618	581	546	396	218	159.4	113.4	80.8	55.9	36
Subscription
Professional Services and Other
Gross Profit	2,189	1,992	1,682	1,312	904	617	426.7	285.8	175.8	104.9	49.9
Gross Profit
Gross Profit Margin	77.1%	76.3%	74.3%	70.6%	69.5%	73.9%	72.8%	71.6%	68.5%	65.2%	58.1%
Selling, General & Administrative Expenses	1,436	1,413	1,486	1,475	1,203	598	453.2	303.1	216.8	140.9	97.1
Sales and Marketing
General and Administrative
Research & Development Expenses	631	642	656	620	469	223	159.3	102.4	70.8	38.7	28.8
Research and Development
Other Operating Expenses	—	11	56	29	—	—	—	—	—	—	—
Restructuring and Other Charges
Operating Profit	111	-74	-516	-812	-768	-204	-185.8	-119.6	-111.9	-74.7	-76
Operating Income
Operating Margin	3.9%	-2.8%	-22.8%	-43.7%	-59.1%	-24.4%	-31.7%	-30%	-43.6%	-46.4%	-88.5%
Interest and Investment Income	109	106	81	22	9	13	17.1	9.2	1.7	—	—
Interest Income and Other, Net
Interest Expense	-4	-5	-8	-11	-91	-73	-27	-15.1	—	—	—
Interest Expense
Non-Operating Income	—	19	106	—	—	-2	-14.6	—	—	0	-0
Other Income, Net
Gain on Early Extinguishment of Debt
Total Non-Operating Income	105	120	179	11	-82	-62	-24.5	-5.9	1.7	0	-0
Income Before Provision for Income Taxes	216	46	-337	-801	-850	-266	-210.3	-125.5	-110.2	-74.6	-76
Income Before Provision for Income Taxes
Provision for Income Taxes	21	18	18	14	-2	—	-1.4	-0	-0.3	0.4	0.3
Provision for Income Taxes
Consolidated Net Income	195	28	-355	-815	-848	-266	-208.9	-125.5	-109.8	-75.1	-76.3
Net Income
Net Income Attributable to Common Shareholders	195	28	-355	-815	-848	-266	-208.9	-125.5	-109.8	-75.1	-76.3
Net Income
Basic EPS	1.1	0.2	-2.2	-5.2	-5.7	-2.1	-1.8	-1.2	-1.3	-3.9	-4.3
Diluted EPS	1.1	0.1	-2.2	-5.2	-5.7	-2.1	-1.8	-1.2	-1.3	-3.9	-4.3
Basic Weighted Average Shares Outstanding	174.5	169.6	163.6	158	148	126.9	117.2	107.5	88.6	19	17.8
Total Shares Outstanding	177.2	173.5	167.1	161.3	156.8	131	122.6	112.2	104	20.3	19.3
Diluted Weighted Average Shares Outstanding	179.1	175.1	163.6	158	148	126.9	117.2	107.5	88.6	19	17.8
EBITDA	110	14	-432	-698	-660	-167	-168	-111.6	-104.9	-70.1	-73.1
Effective Tax Rate	9.7%	39.1%	-5.3%	-1.7%	0.2%	—	0.7%	0%	0.3%	-0.6%	-0.4%