Okta Inc (OKTA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 12,000 | -74,000 | -165,000 | -260,000 | -403,000 | -516,000 | -575,000 | -670,599 | -716,661 | -796,350 | -868,776 | -860,733 | -916,111 | -767,103 | -607,273 | -460,693 | -242,641 | -204,159 | -194,266 | -188,020 |
| 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 |
| Operating profit margin | 0.45% | -2.84% | -6.51% | -10.60% | -17.06% | -22.80% | -26.52% | -32.47% | -36.54% | -42.86% | -50.19% | -53.78% | -62.57% | -59.00% | -52.72% | -45.23% | -26.85% | -24.44% | -25.29% | -26.72% |
April 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $12,000K ÷ $2,681,000K
= 0.45%
The operating profit margin of Okta Inc. demonstrates a clear trend toward gradual improvement over the period analyzed. Initially, as of July 31, 2020, the company reported a significantly negative operating profit margin of -26.72%. This negative margin persisted for subsequent periods, with a slight improvement observed by October 31, 2020, decreasing to -25.29%, and further marginal improvements through early 2021, reaching -24.44% by January 31, 2021.
However, starting from April 30, 2021, the margin experienced continued deterioration, with a notable decline to -26.85%. The trend of increasing operating losses intensified thereafter, culminating in a peak negative margin of -59.00% as of January 31, 2022, and further deepening to -62.57% by April 30, 2022. During this period, the company faced operational challenges reflected in worsening margins.
In late 2022 and early 2023, beginning with October 31, 2022, the operating profit margin showed signs of gradual recovery, improving from -50.19% to -42.86% by January 31, 2023. This positive trajectory continued into mid-2023, with margins narrowing to -36.54% in April 2023 and further to -32.47% by July 31, 2023.
The improvement persisted through late 2023 and into 2024, with the margin reaching -26.52% as of October 31, 2023. The trend of narrowing losses accelerated after this point, with the operating profit margin moving closer to breakeven, reaching -22.80% in January 2024 and improving further to -17.06% by April 30, 2024.
This ongoing trend persisted into the third quarter of 2024 and early 2025, with the margin approaching positive territory, registering at -10.60% on July 31, 2024, and advancing to -6.51% as of October 31, 2024. The most recent data points indicate a significant reduction in operating losses, with the margin improving to -2.84% in January 2025, and finally crossing into positive territory at +0.45% in April 2025.
Overall, the data reflects a trajectory from substantial operating losses to a near breakeven point, indicating improving operational efficiency and margin recovery over the analyzed period.
Peer comparison
Apr 30, 2025