NASDAQ$OKTA
Okta Inc · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Announced financial results for the first quarter ended April 30, 2024.
Okta's Q1 2025 shows strong revenue growth and significant improvements in profitability and cash flow. Total revenue increased by 19% year-over-year to $617 million, with subscription revenue growing by 20% to $603 million. The company reported record operating cash flow of $219 million and free cash flow of $214 million.
- Total revenue was $617 million, up 19% year-over-year.
- Subscription revenue reached $603 million, a 20% increase year-over-year.
- Current remaining performance obligations (cRPO) grew 15% year-over-year to $1.949 billion.
- The company had record operating cash flow of $219 million and free cash flow of $214 million.
Headline financials
Revenue & EPS history
Okta · Revenue · Quarterly
$617M
Revenue by segment
Okta · $765M total across 2 segments · Q1 2027
- Subscription$750M—98.0%
- Professional services and other$15M—2.0%
Forward guidance
For the second quarter of fiscal 2025, Okta expects total revenue of $631 million to $633 million, representing a growth rate of 13% to 14% year-over-year. The company anticipates current RPO of $1.955 billion to $1.960 billion, a growth rate of 10% to 11% year-over-year.
Tailwinds
- Total revenue of $631 million to $633 million, representing a growth rate of 13% to 14% year-over-year
- Current RPO of $1.955 billion to $1.960 billion, representing a growth rate of 10% to 11% year-over-year
- Non-GAAP operating income of $123 million to $125 million, which yields a non-GAAP operating margin of 19% to 20%
- Non-GAAP diluted net income per share of $0.60 to $0.61, assuming diluted weighted-average shares outstanding of approximately 182 million and a non-GAAP tax rate of 26%
- Non-GAAP free cash flow margin of approximately 5%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2025
+2.3%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+0.4%
Avg return
30 days after
58%
21 / 36 earnings
Positive
+31.6%
Q3 2023
Best reaction
-33.5%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +11.0% | +11.0% | +11.8% | |
| Q3 2026 | +5.3% | +6.6% | +2.2% | |
| Q2 2026 | +1.4% | +1.3% | -0.4% | |
| Q1 2026 | -16.1% | -16.5% | -21.6% | |
| Q4 2025 | +24.3% | +29.0% | +15.0% | |
| Q3 2025 | +6.5% | +4.9% | -2.5% | |
| Q2 2025 | -18.0% | -18.8% | -23.7% | |
| Q1 2025 | -7.6% | -8.0% | -2.6% | |
| Q4 2024 | +23.5% | +25.7% | +20.4% | |
| Q3 2024 | -7.7% | -0.2% | +24.7% | |
| Q2 2024 | +16.2% | +19.9% | +13.4% | |
| Q1 2024 | -17.1% | -20.1% | -23.0% | |
| Q4 2023 | +13.5% | +18.0% | +21.0% | |
| Q3 2023 | +31.6% | +20.9% | +33.3% | |
| Q2 2023 | -33.5% | -29.1% | -37.6% | |
| Q1 2023 | +16.5% | +18.1% | +13.7% | |
| Q4 2022 | -8.8% | -16.2% | -19.2% | |
| Q3 2022 | +2.8% | +1.2% | +4.2% | |
| Q2 2022 | +3.1% | +2.6% | -9.7% | |
| Q1 2022 | -8.9% | -8.9% | +0.8% | |
| Q4 2021 | -12.7% | -19.5% | -11.3% | |
| Q3 2021 | +2.3% | +3.8% | +7.3% | |
| Q2 2021 | -7.2% | +0.2% | -3.5% | |
| Q1 2021 | +9.0% | +11.3% | +13.4% | |
| Q4 2020 | -4.1% | -9.2% | -9.4% | |
| Q3 2020 | -2.9% | -1.8% | -2.9% | |
| Q2 2020 | -5.8% | -6.3% | -28.1% | |
| Q1 2020 | +7.3% | +8.1% | +17.1% | |
| Q4 2019 | -1.9% | +0.8% | +8.6% | |
| Q3 2019 | +10.4% | +6.4% | +4.1% | |
| Q2 2019 | +20.1% | +21.7% | +8.7% | |
| Q1 2019 | -6.8% | -5.4% | -3.7% | |
| Q4 2018 | +11.5% | +3.8% | +1.1% | |
| Q3 2018 | +2.9% | -6.6% | -6.4% | |
| Q2 2018 | +12.1% | +8.8% | +3.6% | |
| Q1 2018 | +9.3% | -4.2% | -5.8% | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — |
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