NASDAQ$OKTA
Okta Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Okta's Q4 2020 earnings report showcased strong growth and expansion.
Okta reported a strong fourth quarter with revenue growth of 45% year-over-year and subscription revenue growth of 46% year-over-year. The company's remaining performance obligations grew 66% year-over-year, and it achieved positive operating and free cash flows for the fiscal year 2020.
- Total revenue was $167.3 million, an increase of 45% year-over-year.
- Subscription revenue was $158.5 million, an increase of 46% year-over-year.
- Remaining Performance Obligations (RPO) was $1.21 billion, an increase of 66% year-over-year.
- Free cash flow was $18.1 million, compared to $4.8 million in the fourth quarter of fiscal 2019.
Headline financials
Revenue & EPS history
Okta · Revenue · Quarterly
$167M
Revenue by segment
Okta · $167M total across 2 segments · Q4 2020
- Subscription$159M+46.1%94.7%
- Professional services and other$8.81M+25.7%5.3%
Forward guidance
For the first quarter of fiscal 2021, the Company expects total revenue of $171 million to $173 million, representing a growth rate of 37% to 38% year-over-year. Non-GAAP operating loss of $33.2 million to $32.2 million and Non-GAAP net loss per share of $0.24 to $0.23, assuming weighted shares outstanding of approximately 123 million. For the full year fiscal 2021, the Company expects total revenue of $770 million to $780 million, representing a growth rate of 31% to 33% year-over-year. Non-GAAP operating loss of $65.0 million to $57.0 million and Non-GAAP net loss per share of $0.42 to $0.37, assuming weighted shares outstanding of approximately 125 million
Tailwinds
- Total revenue of $171 million to $173 million, representing a growth rate of 37% to 38% year-over-year
- Non-GAAP operating loss of $33.2 million to $32.2 million
- Non-GAAP net loss per share of $0.24 to $0.23, assuming weighted shares outstanding of approximately 123 million
- Total revenue of $770 million to $780 million, representing a growth rate of 31% to 33% year-over-year
- Non-GAAP operating loss of $65.0 million to $57.0 million
Headwinds
- Non-GAAP operating loss of $33.2 million to $32.2 million
- Non-GAAP net loss per share of $0.24 to $0.23
- Non-GAAP operating loss of $65.0 million to $57.0 million
- Non-GAAP net loss per share of $0.42 to $0.37
- These statements are forward-looking and actual results may differ materially.
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 Q4 2020
+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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