Okta Inc (OKTA)
Net profit margin
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 130,000 | 28,000 | -39,000 | -136,000 | -276,000 | -355,000 | -463,918 | -591,815 | -691,287 | -815,000 | -903,268 | -915,682 | -981,892 | -848,411 | -683,031 | -534,484 | -317,902 | -266,332 | -240,998 | -231,729 |
| Revenue (ttm) | US$ in thousands | 2,681,000 | 2,610,000 | 2,533,000 | 2,452,000 | 2,362,000 | 2,263,000 | 2,168,208 | 2,065,250 | 1,961,057 | 1,858,000 | 1,730,807 | 1,600,445 | 1,464,138 | 1,300,201 | 1,151,926 | 1,018,625 | 903,571 | 835,424 | 768,011 | 703,669 |
| Net profit margin | 4.85% | 1.07% | -1.54% | -5.55% | -11.69% | -15.69% | -21.40% | -28.66% | -35.25% | -43.86% | -52.19% | -57.21% | -67.06% | -65.25% | -59.29% | -52.47% | -35.18% | -31.88% | -31.38% | -32.93% |
April 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $130,000K ÷ $2,681,000K
= 4.85%
The analysis of Okta Inc's net profit margin over the specified period reveals a notable trend of gradual improvement. Starting from a significantly negative margin of -32.93% on July 31, 2020, the company's profitability metrics reflect ongoing losses. Throughout the subsequent quarters, the net profit margin shows a consistent upward trajectory, with fluctuations evident during certain periods. The margin narrows to -31.38% by October 31, 2020, and remains relatively stable through early 2021, though it slightly fluctuates around -31% to -35%.
From mid-2021 onward, the losses deepen, reaching a low point of -67.06% on April 30, 2022, indicating that expenses substantially exceeded revenues during this period. However, subsequent quarters demonstrate a steady improvement: by October 31, 2022, the net profit margin improves to -52.19%, and by January 31, 2023, it narrows further to -43.86%. This upward trend continues, with the margin progressively moving toward positive territory, reaching -15.69% on January 31, 2024.
The most recent data from October 31, 2024, shows a near-neutral net profit margin at -1.54%, indicating a significant reduction in losses relative to revenues. Notably, positive profitability becomes apparent in the subsequent periods, with the margin crossing into positive territory at 1.07% on January 31, 2025, and further improving to 4.85% by April 30, 2025.
Overall, the data indicates that Okta Inc has been transitioning from consistent losses to a phase of profitability, with a gradual reduction in net profit margin losses over the analyzed period. The trend suggests ongoing operational improvements and an increasingly favorable financial position, culminating in a shift toward profitability in early 2025.
Peer comparison
Apr 30, 2025