Filing Flows › Okta (OKTA) › Q1 FY27 › vs Q4 FY26
Okta (OKTA) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Okta's revenue rose $4.0M (+0.5%) from $761M in Q4 FY26 to $765M in Q1 FY27. The biggest changes: Subscription +$3.0M (+0.4%); Professional services and other +$1.0M (+7%). Gross margin 77.8% against 77.9% (-0.1 pts).
Okta, Q1 FY27: revenue $765M (+11% year over year), operating margin 7.3%, net earnings $74.0M, operating cash flow $277M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 77.8% | 77.9% | -0.1 pts |
| Operating margin | 7.3% | 6.0% | +1.3 pts |
| Net margin | 9.7% | 8.3% | +1.4 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Subscription | $750M | $747M | $3.0M | +0.4% |
| Professional services and other | $15.0M | $14.0M | $1.0M | +7% |
| Revenue | $765M | $761M | $4.0M | +0.5% |
| Gross profit | $595M | $593M | $2.0M | +0.3% |
| Cost of revenue | $170M | $168M | $2.0M | +1% |
| Other income, net | $22.0M | $24.0M | −$2.0M | -8% |
| Operating profit | $56.0M | $46.0M | $10.0M | +22% |
| Operating expenses | $539M | $547M | −$8.0M | -1% |
| Pre-tax earnings | $78.0M | $70.0M | $8.0M | +11% |
| Research & development | $163M | $165M | −$2.0M | -1% |
| Sales & marketing | $278M | $264M | $14.0M | +5% |
| General & admin | $98.0M | $114M | −$16.0M | -14% |
| Net earnings | $74.0M | $63.0M | $11.0M | +17% |
| Income tax | $4.0M | $7.0M | −$3.0M | -43% |
| Share-based compensation | $117M | $134M | −$17.0M | -13% |
| Working capital & other | $86.0M | $61.0M | $25.0M | +41% |
| Operating cash flow | $277M | $258M | $19.0M | +7% |
Questions
How much did Okta's revenue grow quarter over quarter in Q1 FY27?
Okta's revenue rose $4.0M (+0.5%) from $761M in Q4 FY26 to $765M in Q1 FY27.
What drove Okta's revenue change in Q1 FY27?
Subscription +$3.0M (+0.4%); Professional services and other +$1.0M (+7%).