Filing Flows › Okta (OKTA) › Q1 FY26
Okta (OKTA) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed May 28, 2025
Okta (OKTA) reported revenue of $688M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and +0.9% from the quarter before. Operating margin was 5.7%, net earnings $62.0M (9.0% of revenue).
Okta, Q1 FY26: revenue $688M (+12% year over year), operating margin 5.7%, net earnings $62.0M, operating cash flow $241M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $688M | +0.9% | +12% |
| Gross profit | $533M | +2% | +14% |
| Operating profit | $39.0M | +388% | — |
| Net earnings | $62.0M | +170% | — |
| Operating cash flow | $241M | -16% | +10% |
| Free cash flow | $238M | — | +11% |
What changed
Revenue was $688.0M in Q1 FY26, up 12% year over year and up 1% from the previous quarter. Subscription was the largest line at 98% of revenue. Subscription added $70.0M year over year (up 12%), 99% of the total change.
Gross margin was 77.5%, up 1.5 points from a year earlier. Operating profit was $39.0M, a 5.7% margin (up 13.3 points year over year). Operating expenses fell 4% while revenue rose 12%. Net earnings were $62.0M. The effective tax rate was 8.8%. Non-operating items added $29.0M, 43% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $241.0M (up 10% year over year), 389% of net earnings. Non-cash charges added back $128.0M of share-based compensation. Working capital and other items added $51.0M. After capitalized software ($2.0M) and purchases of property and equipment ($1.0M), free cash flow as the company reports it was $238.0M.
Questions
What was Okta's revenue in the first quarter fiscal 2026?
Okta (OKTA) reported revenue of $688M for the first quarter fiscal 2026 (Q1 FY26), +12% from a year earlier and +0.9% from the quarter before.
Was Okta profitable in the first quarter fiscal 2026?
Operating profit was $39.0M (5.7% of revenue) and net earnings $62.0M.
Source: Okta 10-Q on SEC EDGAR.