Okta, Inc. — Form 8-K
Filed August 26, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Okta reported Q2 FY27 revenue of $805M (11% YoY growth) with subscription revenue at $793M (12% YoY). Current RPO grew 14% YoY to $2.585B. GAAP net income was $116M ($0.65 diluted EPS) vs. $67M prior year; non-GAAP net income $194M ($1.05 diluted EPS) vs. $169M. Operating cash flow was $234M and free cash flow $227M. The company settled $350M of convertible notes in Q2 and guided FY27 total revenue to $3.216–$3.226B (10–11% growth), with non-GAAP operating margin of 26% and non-GAAP FCF of $910–$930M.
Why this rating
Solid quarter with accelerating backlog metrics, strong profitability, and FCF generation. Growth deceleration (11% revenue, 10–11% FY guidance) and professional services shift headwind are modest concerns. Material but not transformational for a $16.4B company.
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