---
title: Okta (OKTA) — software card
canonical: https://sweetvaluelab.com/tools/software/okta
ticker: OKTA
tier: Growth
as_of: 2026-10-16
---
# Okta (OKTA) — software card

Okta, Growth, grows revenue 11.2% on a 78.1% gross margin and a 31.6% free-cash-flow margin (15.3% after stock-based compensation), and trades at 10.2× trailing revenue. Prices as of Oct 16, 2026; trailing-twelve-month figures through Aug 31, 2026.

## The card

| Figure | OKTA | Growth average (3) |
| --- | ---: | ---: |
| Price | $187.26 |  |
| Revenue (TTM) | $3.1B |  |
| Revenue growth | 11.2% | 22.0% |
| Revenue growth, prior year | 12.7% |  |
| Gross margin | 78.1% | 77.9% |
| Operating margin | 7.7% |  |
| Free cash flow (TTM) | $972.0M |  |
| FCF margin | 31.6% | 33.8% |
| FCF margin after SBC | 15.3% |  |
| Stock-based compensation (TTM) | $503.0M |  |
| SBC / revenue | 16.4% | 20.2% |
| Rule of 40 | 4285 | 5577 |
| Diluted shares, YoY | -1.2% |
| Buybacks (TTM) | $372.0M |  |
| Market value | $33.5B |  |
| Net cash | $2.2B |  |
| Enterprise value | $31.2B |  |
| EV / revenue | 10.2× | 22.5× |
| EV / gross profit | 13.0× |  |
| EV / FCF | 32.1× |  |
| P/E | 112.8 |  |

## Lights

No light is on.

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Source: https://sweetvaluelab.com/tools/software/okta (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.