Okta, Inc.
OKTATechnologyNASDAQSoftware - Infrastructure · Last scanned May 30, 2026
Scan Results
Daily timeframePart of the technology sector, Okta, Inc. (OKTA) is listed under Software - Infrastructure. Valued at $21.61B, OKTA is a large-cap name in its sector. It offers Single Sign-on to secure access to cloud and on-premises applications from any device; Adaptive MFA for a risk-based layer of security for an organization's cloud, mobile, and web applications; API Access Management, which enables organizations to secure APIs as systems; Access Gateway, which extends the Okta platform to hybrid IT environments; Okta Device Access, which extends Okta platform's secure access management to the device login experience; Universal Directory for a cloud-based system of record.
Market Cap
$21.61B
Beta
0.59
P/E (TTM)
89.33
P/E (Fwd)
29.09
EPS (TTM)
$1.38
EPS (Fwd)
$4.27
ROE
3.5%
ROA
1.0%
Cash
$2.55B
Total Debt
$451.0M
Free CF
$836.1M
52W Change
17.7%
Annual Financials
Cash vs Debt
With $2.55B in cash and $451.0M in debt, OKTA maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $836.1M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. Return on equity stands at 3.5%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.0% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $1.86B (2023) to $2.92B (2026), reflecting a 57% increase over the period.
With a beta below 0.7, Okta, Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. With cash comfortably exceeding debt, OKTA has financial flexibility that may help navigate uncertain periods. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. No single metric tells the full story. Reviewing OKTA's risk profile alongside its fundamentals and technical indicators provides a more complete picture.