Okta Inc. (NASDAQ: OKTA)
Software - Infrastructure · San Francisco, CA, United States · Founded 2009
- Market capitalization: $14.0 billion
- Annual revenue: $2.92 billion
- Net income: $0.23 billion
- Employees: 6,000
- Sector: Technology
- Headquarters: San Francisco, United States
- Founded: 2009
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Okta is the leading independent identity and access management (IAM) platform, helping organizations manage who can access what applications and data. When employees log into work apps with single sign-on, Okta is often the technology behind it. The company serves over 18,000 customers, including many Fortune 500 firms. Todd McKinnon and Frederic Kerrest, both former Salesforce executives, founded Okta in 2009.
Subscription revenue from Workforce Identity (employee access management) and Customer Identity (consumer-facing authentication) products. Pricing is per-user, per-month. Revenue exceeds $2.4 billion annually. The Auth0 acquisition ($6.5 billion, 2021) added a developer-focused customer identity platform. Net retention rates have been above 115%.
McKinnon and Kerrest founded Okta in 2009 in San Francisco. IPO in April 2017 at $17 per share. The Auth0 acquisition in 2021 was the company's largest deal. In October 2023, Okta disclosed a security breach where hackers accessed customer support data u2014 a devastating blow for an identity security company. The stock dropped significantly and trust took months to rebuild.
| Market Capitalization | $14.0B |
| Annual Revenue | $2.92B |
| Net Income | $0.23B |
| Profit Margin | 8% |
| Revenue per Employee | $486667K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | OKTA |
Financial data is approximate and based on most recent annual filings.
An identity security company getting hacked is the cybersecurity equivalent of a locksmith getting robbed. Okta's name comes from a meteorological term for cloud coverage measurement. The company processes over 1 billion authentication events per month. McKinnon was employee #350 at Salesforce before founding Okta.
The 2023 breach was a serious credibility hit, but identity management is too critical for enterprises to abandon Okta easily u2014 the company needs flawless security execution from here on out.
What is Okta Inc.'s revenue?
Okta Inc. generates approximately $2.92 billion in annual revenue.
How many employees does Okta Inc. have?
Okta Inc. employs approximately 6,000 people worldwide.
What is Okta Inc.'s market cap?
Okta Inc. (OKTA) has a market capitalization of approximately $14.0 billion on the NASDAQ.
When was Okta Inc. founded?
Okta Inc. was founded in 2009 and is headquartered in San Francisco, CA, United States.
Who is the CEO of Okta Inc.?
Todd McKinnon is the current CEO of Okta Inc..
What is Okta Inc.'s website?
Okta Inc.'s official website is okta.com.
| CEO | Todd McKinnon |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Founded | 2009 |
| HQ | San Francisco, CA |
| Country | United States |
| Website | okta.com |
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