Okta, Inc. Files Q3 2024 10-Q Report

TL;DR

Okta's Q3 10-Q is in, check financials for latest performance.

AI Summary

Okta, Inc. filed its 10-Q for the period ending October 31, 2024. The filing covers the third quarter of their fiscal year, which ends January 31, 2025. Key financial data and business operations for this period are detailed within the report.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational details for Okta, Inc., crucial for understanding the company's current standing and future outlook.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific content within this filing could reveal material changes or risks for Okta, Inc.

Key Numbers

• N/A — Revenue (Specific revenue figures for the quarter are not directly extracted from this header information.)
• N/A — Net Income (Specific net income figures for the quarter are not directly extracted from this header information.)
• N/A — Earnings Per Share (Specific EPS figures for the quarter are not directly extracted from this header information.)

Key Players & Entities

• Okta, Inc. (company) — Filer of the 10-Q report
• 20241031 (date) — End of the reporting period
• 20241204 (date) — Filing date of the report
• January 31 2025 (date) — Fiscal year end

FAQ

Key Financial Figures

• $0.0001 — stered Class A common stock, par value $0.0001 per share OKTA The Nasdaq Stock Marke

Filing Documents

• okta-20241031.htm (10-Q) — 1536KB
• okta-10312024_ex311.htm (EX-31.1) — 9KB
• okta-10312024_ex312.htm (EX-31.2) — 9KB
• okta-10312024_ex321.htm (EX-32.1) — 7KB
• 0001660134-24-000168.txt ( ) — 6364KB
• okta-20241031.xsd (EX-101.SCH) — 30KB
• okta-20241031_cal.xml (EX-101.CAL) — 69KB
• okta-20241031_def.xml (EX-101.DEF) — 219KB
• okta-20241031_lab.xml (EX-101.LAB) — 514KB
• okta-20241031_pre.xml (EX-101.PRE) — 353KB
• okta-20241031_htm.xml (XML) — 820KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited) 4 Condensed Consolidated Balance Sheets as of October 31, 2024 and January 31, 2024 4 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended October 31, 2024 and 2023 5 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Nine Months Ended October 31, 2024 and 2023 6 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended October 31, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended October 31, 2024 and 2023 9 Notes to Condensed Consolidated Financial Statements 10 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 21 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 37

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 5. Other Information 71 Item 6. Exhibits 71

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 our marketing and sales capabilities, including further specializing our sales force; 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 softwa

View Full Filing

View this 10-Q filing on SEC EDGAR