Okta Inc (OKTA)
Gross profit margin
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,992,000 | 1,682,000 | 1,312,000 | 903,796 | 617,743 |
| Revenue | US$ in thousands | 2,610,000 | 2,263,000 | 1,858,000 | 1,300,200 | 835,424 |
| Gross profit margin | 76.32% | 74.33% | 70.61% | 69.51% | 73.94% |
January 31, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,992,000K ÷ $2,610,000K
= 76.32%
The gross profit margin of Okta Inc. over the specified period exhibits a pattern of fluctuation with an overall positive trend. As of January 31, 2021, the gross profit margin was 73.94%. This margin experienced a decline by January 31, 2022, decreasing to 69.51%, which indicates a reduction in gross profitability relative to revenue during that year. However, in the subsequent year, the margin improved slightly, reaching 70.61% as of January 31, 2023, suggesting a partial recovery in gross profitability.
Starting from this point, a consistent upward trajectory is observed. The gross profit margin increased to 74.33% by January 31, 2024, reflecting a substantial improvement in the company's ability to generate gross profit from its revenues. This positive movement continued into January 31, 2025, with the margin reaching 76.32%, marking a notable strengthening of gross profitability.
Overall, the data indicates that after experiencing a dip in 2022, Okta Inc. managed to recover and enhance its gross profit margin steadily over the subsequent years. The progressive increase toward 76.32% suggests improvements in the company's cost management, pricing strategies, or a favorable change in product mix, contributing to greater efficiency in converting revenues into gross profits. This trend signals a strengthening of the company's gross margin position, which can be a positive indicator of underlying operational improvements and competitive advantage in its market segment.
Peer comparison
Jan 31, 2025