Okta Income Statement 2026-2011 | OKTA

Brief overview of profit and loss at Okta

The comparison covers a five-year financial horizon. Revenue at Okta moved from 835 million dollars in 2021 to 2.9 billion dollars in 2026. Overall revenue changed by +249.6%, equal to an annualized rate of about 28.4%. The company expanded its revenue base at a high speed.

At the gross-profit level, the result moved from $617 million to $2.3 billion, a change of +266%. The cost base moved more slowly than the top line, which supported margins. Comparing the endpoints gives gross margins of 73.9% and 77.4%. A wider margin shows that the economics of the core business improved.

EBITDA changed from −$195 million to $162 million (+183.1%). EBITDA lagged revenue, showing weaker operating momentum. EBITDA margin was −23.4% at the start and 5.5% at the end. The increased EBITDA share is a positive sign.

Net income moved from −266 million dollars at the start to 235 million dollars at the end. The business moved out of a loss and ended the period with a profit.

Market capitalization changed from $28.5 billion to $14 billion (−50.8%). Investors remain cautious despite better financial results.

Conclusion

Positive developments coexist with areas of weakness. The strongest signals are a larger revenue base, an improving EBITDA margin and improving gross profitability. Caution is warranted because of a weaker market valuation. Investors should continue to monitor margins, costs, and earnings quality.