NASDAQ$OKTA
Okta Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Okta reported strong Q4 and fiscal year 2021 results, marked by substantial revenue growth and strategic acquisition announcement.
Okta announced strong Q4 and Fiscal Year 2021 results. Q4 revenue grew 40% year-over-year, and the company entered into an agreement to acquire Auth0.
- Q4 revenue grew 40% year-over-year.
- Subscription revenue grew 42% year-over-year.
- Remaining performance obligations (RPO) grew 49% year-over-year to $1.80 billion.
- Okta signed a definitive agreement to acquire Auth0.
Headline financials
Revenue & EPS history
Okta · Revenue · Quarterly
$235M
Revenue by segment
Okta · $235M total across 2 segments · Q4 2021
- Subscription$225M+42.2%96.0%
- Professional services and other$9.34M+6.0%4.0%
Forward guidance
For the first quarter of fiscal 2022, the Company expects total revenue of $237 million to $239 million, representing a growth rate of 30% to 31% year-over-year. For the full year fiscal 2022, the Company expects total revenue of $1.08 billion to $1.09 billion, representing a growth rate of 29% to 30% year-over-year.
Tailwinds
- Total revenue of $237 million to $239 million, representing a growth rate of 30% to 31% year-over-year for Q1 2022
- Full year fiscal 2022 total revenue of $1.08 billion to $1.09 billion, representing a growth rate of 29% to 30% year-over-year
- Continued strength in RPO
- Continued strength in revenue
- Continued strength in cash flows
Headwinds
- Non-GAAP operating loss of $28.0 million to $27.0 million for Q1 2022
- Non-GAAP net loss per share of $0.21 to $0.20, assuming weighted-average shares outstanding of approximately 133 million for Q1 2022
- Non-GAAP operating loss of $61.0 million to $55.0 million for FY 2022
- Non-GAAP net loss per share of $0.49 to $0.44, assuming weighted-average shares outstanding of approximately 135 million for FY 2022
- Financial outlook does not include any potential impact from the proposed acquisition of Auth0.
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 2021
+3.0%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+0.4%
Avg return
30 days after
59%
22 / 37 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 | +30.0% | +31.6% | — | |
| 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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