Okta announced its first quarter fiscal year 2026 financial results on May 27, 2025, reporting total revenue of $688 million, a 12% increase year-over-year, surpassing LSEG estimates. Subscription revenue also grew 12% to $673 million.
The company swung to a GAAP net income of $62 million, or $0.35 per share, compared to a net loss of $40 million, or $0.24 per share, a year ago. Current Remaining Performance Obligations (cRPO) reached $2.227 billion, growing 14% year-over-year and exceeding StreetAccount estimates.
Despite the strong Q1 performance, Okta maintained its full fiscal year 2026 revenue guidance of $2.85 billion to $2.86 billion, citing a 'prudent approach' due to potential macroeconomic uncertainty. However, it slightly increased its non-GAAP operating income guidance to between $710 million and $720 million, and raised its free cash flow margin outlook to approximately 27%.
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