Company name:
Okta Inc
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IPO SHARE PRICE:$17.00
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IPO DATE:April 07, 2017
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TICKER:OKTA
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MAIN STOCK EXCHANGE:NASDAQ Global Select
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CURRENT HQ LOCATION:California 94105
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FISCAL YEAR END:January 31
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INCORPORATION JURISDICTION:DE
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ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
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Investor Relations Webpage:Coming soon!
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TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Okta Inc
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Income Statement
(USD in thousand)
Selected Quarter:
31-Jan
2021
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%
96.0% —
Subscription revenue
4.0% —
Professional services revenue
Selected Quarter:
31-Jan
2021
2021
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
123.3%
49.1% —
Sales and marketing
26.5% —
Research and development
21.6% —
General and administrative
20.7% —
Cost of subscription revenue
5.3% —
Professional services and other
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Cost of subscription revenue
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24,540 | 27,917 | 30,124 | 33,864 | 37,157 | 39,501 | 44,762 | 48,675 | 170,095 | 194,700 | ||||||||||||
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Professional services and other
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10,555 | 10,863 | 10,700 | 10,819 | 11,329 | 11,646 | 12,146 | 12,465 | 47,586 | 49,860 | ||||||||||||
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Total cost of revenue
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$35,095 | $38,780 | $40,824 | $44,683 | $48,486 | $51,147 | $56,908 | $61,140 | $217,681 | $244,560 | ||||||||||||
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Gross profit
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90,128 | 101,700 | 112,213 | 122,644 | 134,373 | 149,299 | 160,471 | 173,600 | 617,743 | 694,400 | ||||||||||||
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Sales and marketing
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82,112 | 78,385 | 87,224 | 92,635 | 104,043 | 98,322 | 109,812 | 115,173 | 427,350 | 460,692 | ||||||||||||
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Research and development
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34,032 | 40,045 | 41,832 | 43,360 | 48,494 | 53,866 | 58,150 | 62,316 | 222,826 | 249,264 | ||||||||||||
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General and administrative
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25,766 | 26,887 | 28,887 | 31,352 | 34,035 | 42,499 | 44,485 | 50,707 | 171,726 | 202,828 | ||||||||||||
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Total operating expenses
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$141,910 | $145,317 | $157,943 | $167,347 | $186,572 | $194,687 | $212,447 | $228,196 | $821,902 | $912,784 |
Selected Quarter:
31-Jan
2021
2021
Operating Income
Income after excluding Operating Expenses from Total Revenue
23.3%
23.3% —
Operating Income
Key metric that shows earnings potential of the company's business model
Selected Quarter:
31-Jan
2021
2021
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.0%
0.0% —
(Gain) loss on early repayment and conversion of debt
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| Other expense or income | 2,900 | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other expense net | - | - | - | - | - | - | - | - | - | - | ||||||||||||
| Other income | - | 3,464 | 4,982 | - | - | - | - | - | - | - | ||||||||||||
| Loss on early repayment of debt | - | - | (14,572) | - | - | (2,174) | - | - | - | - | ||||||||||||
| (Gain) loss on early repayment and conversion of debt | - | - | (14,572) | - | - | - | (89) | - | (2,263) | - | ||||||||||||
| Total non-operating income (expense) | - | - | (14,572) | - | - | (2,174) | (89) | - | (2,263) | - |
Selected Quarter:
31-Jan
2021
2021
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
23.3%
23.3% —
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 Quarter:
31-Jan
2021
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
17.7%
0.9% —
Interest and other income
0.3% —
Income tax expense or benefit
8.7% —
Net interest expense and income
9.6% —
Interest expense
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Interest expense
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(4,241) | (4,304) | (7,826) | (10,646) | (10,764) | (16,931) | (22,368) | (22,597) | (72,660) | (90,388) | ||||||||||||
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Net interest expense and income
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(1,341) | (840) | (17,416) | (4,903) | (5,865) | (15,145) | (20,579) | (20,443) | (62,032) | (81,772) | ||||||||||||
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Interest and other income or expenses
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- | - | (17,416) | - | - | - | - | - | - | - | ||||||||||||
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Interest and other income
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2,900 | 3,464 | 4,982 | 5,743 | 4,899 | 3,960 | 1,878 | 2,154 | 12,891 | 8,616 | ||||||||||||
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Income before income taxes
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(53,123) | (44,457) | (63,146) | (49,606) | (58,064) | (60,533) | (72,555) | (75,039) | (266,191) | (300,156) | ||||||||||||
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Income tax expense or benefit
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(1,157) | (1,477) | 349 | 866 | (402) | (433) | 209 | 767 | 141 | 3,068 |
Selected Quarter:
31-Jan
2021
2021
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
32.3%
32.3% —
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
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
Selected Quarter:
31-Jan
2021
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)