Okta, Inc. Files Q2 2024 10-Q Report
Ticker: OKTA · Form: 10-Q · Filed: Aug 29, 2024 · CIK: 1660134
| Field | Detail |
|---|---|
| Company | Okta, Inc. (OKTA) |
| Form Type | 10-Q |
| Filed Date | Aug 29, 2024 |
| Risk Level | medium |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
Okta's Q2 2024 10-Q is in. Check financials for the latest.
AI Summary
Okta, Inc. filed its 10-Q for the period ending July 31, 2024. The filing covers the second quarter of their fiscal year. Key financial data and business operations for this period are detailed within the report.
Why It Matters
This filing provides investors with a detailed look at Okta's financial performance and operational status for the second quarter of fiscal year 2024, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal significant financial health or operational risks for the company.
Key Players & Entities
- Okta, Inc. (company) — Filer of the 10-Q report
- 20240731 (date) — End of the reporting period
- 20240829 (date) — Filing date of the report
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is July 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 29, 2024.
What is Okta, Inc.'s fiscal year end?
Okta, Inc.'s fiscal year ends on January 31.
What is the SIC code for Okta, Inc.?
The Standard Industrial Classification (SIC) code for Okta, Inc. is 7372, for SERVICES-PREPACKAGED SOFTWARE.
What is the business address listed for Okta, Inc.?
The business address listed is 100 First Street, Suite 600, San Francisco, CA 94105.
Filing Stats: 4,790 words · 19 min read · ~16 pages · Grade level 19.3 · Accepted 2024-08-29 16:03:45
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share OKTA The Nasdaq Stock Marke
Filing Documents
- okta-20240731.htm (10-Q) — 1427KB
- okta-7312024_ex101director.htm (EX-10.1) — 15KB
- okta-7312024_ex311.htm (EX-31.1) — 9KB
- okta-7312024_ex312.htm (EX-31.2) — 9KB
- okta-7312024_ex321.htm (EX-32.1) — 7KB
- 0001660134-24-000138.txt ( ) — 6011KB
- okta-20240731.xsd (EX-101.SCH) — 29KB
- okta-20240731_cal.xml (EX-101.CAL) — 70KB
- okta-20240731_def.xml (EX-101.DEF) — 218KB
- okta-20240731_lab.xml (EX-101.LAB) — 513KB
- okta-20240731_pre.xml (EX-101.PRE) — 352KB
- okta-20240731_htm.xml (XML) — 683KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (unaudited)
Financial Statements (unaudited) 4 Condensed Consolidated Balance Sheets as of July 31, 2024 and January 31, 2024 4 Condensed Consolidated Statements of Operations for the Three and Six Months Ended July 31, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended July 31, 2024 and 2023 6 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended July 31, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows for the Six Months Ended July 31, 2024 and 2023 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 34 Item 4.
Controls and Procedures
Controls and Procedures 35
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 36 Item 5. Other Information 68 Item 6. Exhibits 68
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," "shall" and similar expressions are intended to identify these forward-looking statements. These statements include, but are not limited to, statements about: our future financial performance, including our revenue, costs of revenue, gross profits, margins and operating expenses; the impact of general economic, market and industry conditions, including geopolitical events, economic downturns or recessions, market volatility, inflation and interest rates, and foreign currency fluctuations; trends in our key business metrics; our growth strategy and ability to compete; the sufficiency of our cash and cash equivalents, investments and cash provided by sales of our products and services to meet our liquidity needs; market or other opportunities arising from business combinations; potential impacts of cybersecurity incidents to our reputation, customer relations and financial results; our ability to detect, minimize or prevent security breaches to our internal systems and platform; our ability to maintain the security and service performance of our and our third-party service providers' systems or data, or our customers' data; our ability to increase our number of new customers; our ability to sell additional products to and retain our existing customers; our ability to successfully expand in our existing markets and into new markets; our ability to effectively sustain or manage our revenue growth and profitability; our ability to expand our product sales by promoting our brand and engaging channel partners; our ability to partner with third-party software vendors and system integrators; the a