Okta announced its third quarter fiscal year 2025 financial results on December 3, 2024, reporting total revenue of $665 million, a 14% increase year-over-year. Subscription revenue also grew by 14% to $651 million, surpassing analyst estimates of $635 million.
The company swung to GAAP profitability, reporting net income of $16 million, or $0.09 per share, compared to a net loss of $81 million, or $0.49 per share, in the same period last year. Adjusted earnings per share reached $0.67, exceeding expectations.
For the fourth quarter, Okta expects revenue between $667 million and $669 million, topping the $651 million average estimate. The company also raised its full fiscal year 2025 guidance, anticipating total revenue between $2.605 billion and $2.610 billion, and non-GAAP diluted net income per share between $2.70 and $2.72.
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