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Okta 8-K Report, Financial Results (Aug 26, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 26, 2026
Period End
August 26, 2026
Security
OKTA
In the record · 2017–202610-K910-Q298-K83

OKTA filed 9 annual reports (10-K), 29 quarterly reports (10-Q) and 83 current reports (8-K) between 2017 and 2026.

  1. Material agreement8-K · Sep ’19Sep ’19
  2. Leadership change8-K · Jan ’22Jan ’22
  3. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed August 26, 2026. Cited figures are marked; the original filing is the authoritative source.

Okta, Inc. (Nasdaq: OKTA) filed an 8-K on August 26, 2026 furnishing its press release (Exhibit 99.1) announcing results for the second quarter of fiscal 2027, ended July 31, 2026.

Total revenue was $805 milliona, up 11% year-over-year, and subscription revenue was $793 million, up 12%. Remaining performance obligations (RPO) were $4.858 billion, up 17%, and current RPO (cRPO) was $2.585 billion, up 14%. GAAP operating income was $107 million (13% of revenue) versus $41 million a year earlier, and GAAP net income was $116 million, or $0.65 per diluted share.

Non-GAAP operating income was $226 millionb (28% of revenue) and non-GAAP diluted EPS was $1.05 versus $0.91. Operating cash flow was $234 million and free cash flow was $227 million, or 28% of revenue. Management highlighted accelerating cRPO, success with its largest customers, and strong profitability and cash flow.

CFO Brett Tighe credited core workforce and customer identity for ACV acceleration and cited strong contributions from new products, led by Okta Identity Governance. The company settled the remaining $350 millionc principal of its 2026 convertible notes in cash during the quarter and ended the quarter with $2.299 billion in cash, cash equivalents and short-term investments. Repurchases of common stock were $372 million for the six months ended July 31, 2026.

For fiscal 2027, Okta now expects total revenue of $3.216 billion to $3.226 billiond (10% to 11% growth), non-GAAP operating income of $830 million to $840 million (26% margin), and non-GAAP free cash flow of $910 million to $930 million (28% to 29% margin). Guidance reflects roughly a one-percentage-point revenue growth headwind from accelerating the shift of professional services to partners, and roughly a one-point free cash flow impact from lower interest income tied to buybacks and the note settlement. For the third quarter, the company guides to revenue of $813 million to $817 million and non-GAAP diluted EPS of $0.92 to $0.94.

02—Key points

Key Highlights

  1. Q2 FY27 total revenue of $805 million, up 11% year-over-year; subscription revenue of $793 million, up 12%.
  2. RPO of $4.858 billion, up 17% year-over-year; cRPO of $2.585 billion, up 14%.
  3. GAAP net income of $116 million ($0.65 diluted EPS) versus $67 million ($0.37) a year earlier; GAAP operating income rose to $107 million from $41 million.
  4. Non-GAAP operating income of $226 million (28% of revenue) and non-GAAP diluted EPS of $1.05, up from $0.91.
  5. Operating cash flow of $234 million and free cash flow of $227 million (28% of revenue) in the quarter.
  6. Settled the remaining $350 million principal of 2026 convertible notes in cash; ended quarter with $2.299 billion in cash and short-term investments.
  7. FY27 guidance narrowed to revenue of $3.216–$3.226 billion and non-GAAP free cash flow of $910–$930 million; Q3 revenue guided to $813–$817 million.

03—Questions

Frequently Asked Questions

  1. How did Okta perform in the second quarter of fiscal 2027?

    Total revenue was $805 million, up 11% year-over-year, and subscription revenue was $793 million, up 12%. GAAP net income was $116 million, or $0.65 per diluted share, compared with $67 million, or $0.37, a year earlier. Non-GAAP diluted EPS was $1.05 versus $0.91.

  2. What do the backlog metrics show?

    Remaining performance obligations were $4.858 billion, up 17% year-over-year, and current RPO was $2.585 billion, up 14%. Management described cRPO as accelerating.

  3. How did the company change its full-year fiscal 2027 outlook?

    Okta now expects total revenue of $3.216 billion to $3.226 billion, representing 10% to 11% growth, and non-GAAP operating income of $830 million to $840 million. Revenue guidance includes an approximately one-percentage-point headwind from accelerating the shift of professional services to partners. Non-GAAP free cash flow is expected at $910 million to $930 million, including about a one-point impact from lower interest income.

  4. What capital allocation actions did Okta take during the quarter?

    Okta settled the remaining $350 million principal of its 2026 convertible senior notes in cash. For the six months ended July 31, 2026, it repurchased $372 million of common stock. Cash, cash equivalents and short-term investments totaled $2.299 billion at July 31, 2026.

  5. What is the outlook for the third quarter of fiscal 2027?

    Okta expects total revenue of $813 million to $817 million, representing 10% year-over-year growth, and current RPO of $2.590 billion to $2.600 billion. Non-GAAP operating income is guided to $196 million to $200 million and non-GAAP diluted EPS to $0.92 to $0.94.

04—Continue

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