Company name:

Okta Inc

  • IPO SHARE PRICE:
    $17.00
  • IPO DATE:
    April 07, 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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Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Jan
2021
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
95.4% —

Subscription revenue

4.6% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription revenue
45,679
45,679
 236,422 370,855 552,688 796,613 796,613 901,600
Professional services revenue
$45,679
$45,679
 20,125 28,399 33,379 38,811 38,811 37,360
Total Revenue
$45,679
$45,679
 $256,547 $399,254 $586,067 $835,424 $835,424 $938,960
Selected Year:
31-Jan
2021
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
124.4%
51.2% —

Sales and marketing

26.7% —

Research and development

20.6% —

General and administrative

20.4% —

Cost of subscription revenue

5.7% —

Professional services and other
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of subscription revenue
45,679
45,679
 52,481 77,354 116,445 170,095 170,095 194,700
Professional services and other
45,679
45,679
 28,274 36,067 42,937 47,586 47,586 49,860
Total cost of revenue
45,679
45,679
 $80,755 $113,421 $159,382 $217,681 $217,681 $244,560
Gross profit
45,679
45,679
 175,792 285,833 426,685 617,743 617,743 694,400
Sales and marketing
45,679
45,679
 165,020 227,960 340,356 427,350 427,350 460,692
Research and development
45,679
45,679
 70,821 102,385 159,269 222,826 222,826 249,264
General and administrative
45,679
45,679
 51,803 75,110 112,892 171,726 171,726 202,828
Total operating expenses
45,679
45,679
 $287,644 $405,455 $612,517 $821,902 $821,902 $912,784
Selected Year:
31-Jan
2021
Operating Income
Income after excluding Operating Expenses from Total Revenue
24.4%
24.4% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
 ($111,852) ($119,622) ($185,832) ($204,159) ($204,159) ($218,384)
Selected Year:
31-Jan
2021
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.3%
0.3% —

(Gain) loss on early repayment and conversion of debt
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
 - - - - - -
Loss on early repayment of debt
-
-
 - - (14,572) - - -
(Gain) loss on early repayment and conversion of debt
-
-
 - - (14,572) (2,263) (2,263) -
Total non-operating income (expense)
45,679
45,679
 - - (14,572) (2,263) (2,263) -
Selected Year:
31-Jan
2021
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
24.7%
24.7% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
 ($111,852) ($119,622) ($200,404) ($206,422) ($206,422) ($218,384)
Selected Year:
31-Jan
2021
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
14.6%
1.5% —

Interest and other income

0.0% —

Income tax expense or benefit

7.4% —

Net interest expense and income

8.7% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
-
45,679
 - (15,072) (27,017) (72,660) (72,660) (90,388)
Interest and other expense
-
-
 1,682 (5,892) (24,500) - - -
Net interest expense and income
-
-
 - (5,892) (24,500) (62,032) (62,032) (81,772)
Interest and other income
-
-
 1,682 9,180 17,089 12,891 12,891 8,616
Income before income taxes
45,679
45,679
 (110,170) (125,514) (210,332) (266,191) (266,191) (300,156)
Income tax expense or benefit
45,679
45,679
 (321) (17) (1,419) 141 141 3,068
Selected Year:
31-Jan
2021
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
31.9%
31.9% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
 ($109,849) ($125,497) ($208,913) ($266,332) ($266,332) ($303,224)

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
 73,880,045 101,267,377 114,216,093 123,053,024 123,053,024 123,053,024
Class B
-
-
 30,776,974 10,957,938 8,558,279 8,159,447 8,159,447 8,159,447
Selected Year:
31-Jan
2021
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
 ($1.32) ($1.17) ($1.78) ($2.09) ($2.09) ($2.32)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
 ($1.32) ($1.17) ($1.78) ($2.09) ($2.09) ($2.32)