Company name:

Okta Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    07 April 2017
  • TICKER:
    OKTA
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    California 94105
  • FISCAL YEAR END:
    January 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Okta Inc

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Balance Sheet

Quarterly Annual
(USD in thousand)
13.2% 64.3% 5.9%
Selected Year:
31-Jan
2021
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
87.3%
64.3% —

Short-term passive investments

13.2% —

Cash and cash equivalents

5.9% —

Accounts Receivable

2.5% —

Prepaid expenses and other current assets

1.4% —

Deferred commission expense

Liquidity
Selected Year:
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
Cash and cash equivalents
$45,679
 $127,949 $298,394 $520,048 $434,607
Short-term passive investments
$45,679
 101,765 265,374 882,976 2,121,584
Accounts Receivable
$45,679
 52,248 91,926 130,115 194,818
Prepaid expenses and other current assets
$45,679
 17,781 28,237 32,950 81,609
Deferred commission expense
$45,679
 17,755 24,185 33,636 45,949
Total current assets
$45,679
 $317,498 $708,116 $1,599,725 $2,878,567
4.5% 3.3%
Selected Year:
31-Jan
2021
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
12.7%
4.5% —

Operating lease - right-of-use assets

3.3% —

Deferred commissions

1.9% —

Property and equipment net

1.5% —

Goodwill

0.8% —

Intangible assets

0.7% —

Other assets non-current
Selected Year:
Property and equipment net
45,679
 12,540 52,921 53,535 62,783
Operating lease - right-of-use assets
-
 - 121,389 125,204 149,604
Deferred commissions
45,679
 40,755 54,812 77,874 108,555
Intangible assets
45,679
 11,761 13,897 32,529 27,009
Goodwill
45,679
 6,282 18,089 48,023 48,023
Other assets non-current
-
 - - 18,505 24,256
Other non-current assets
45,679
 10,427 15,089 18,505 -
Total non-current assets
45,679
 81,765 276,197 355,670 420,230
Total assets
45,679
 $399,263 $984,313 $1,955,395 $3,298,797
15.2% 27.5% 26.0% 5.4% 50.2%
Selected Year:
31-Jan
2021
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
46.9%
27.5% —

Senior convertible notes

15.2% —

Current portion of deferred revenue

2.2% —

Accrued employee compensation

1.6% —

Accrued expenses and other current liabilities

0.3% —

Accounts payable
Selected Year:
Accounts payable
$45,679
 $9,566 $2,431 $3,837 $8,557
Accrued employee compensation
$45,679
 12,374 19,770 40,300 71,906
Accrued expenses and other current liabilities
$45,679
 6,187 33,653 36,887 53,729
Current portion of deferred revenue
$45,679
 159,816 245,622 365,236 502,738
Senior convertible notes
-
 - 271,628 100,703 908,684
Total current liabilities
$45,679
 $187,943 $573,104 $546,963 $1,545,614
Selected Year:
31-Jan
2021
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
32.1%
26.0% —

Senior convertible notes

5.4% —

Operating leases

0.3% —

Other non-current liabilities

0.3% —

Deferred revenue
Selected Year:
Deferred revenue
$45,679
 4,963 8,768 6,214 10,860
Senior convertible notes
-
 - - 837,002 857,387
Operating leases
-
 - 147,046 154,511 179,518
Other non-current liabilities
$45,679
 7,017 3,018 5,361 11,375
Total long-term liabilities
$45,679
 $11,980 $158,832 $1,003,088 $1,059,140
Total Liabilities
$45,679
 $199,923 $731,936 $1,550,051 $2,604,754
Selected Year:
31-Jan
2021
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
21.0%
50.2% —

Additional paid-in capital

0.2% —

Accumulated other comprehensive income

0.0% —

Common stock Class A

0.0% —

Common stock Class B
Selected Year:
Redeemable convertible preferred stock
$45,679
 - - - -
Preferred Stock
$45,679
 - - - -
Common stock Class A
$45,679
 7 10 11 12
Common stock Class B
$45,679
 3 1 1 1
Accumulated deficit
$45,679
 (366,714) (492,211) (701,124) (967,456)
Additional paid-in capital
$45,679
 565,653 744,896 1,105,564 1,656,096
Accumulated other comprehensive income
-
 - - 892 5,390
Accumulated other comprehensive (loss) income
$45,679
 391 (319) 892 -
Total Equity
$45,679
 $199,340 $252,377 $405,344 $694,043
Total Liabilities and Equity
$45,679
 $399,263 $984,313 $1,955,395 $3,298,797