Filing Flows › Okta (OKTA) › Q1 FY27
Okta (OKTA) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 29, 2026
Okta (OKTA) reported revenue of $765M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +0.5% from the quarter before. Operating margin was 7.3%, net earnings $74.0M (9.7% of revenue).
Okta, Q1 FY27: revenue $765M (+11% year over year), operating margin 7.3%, net earnings $74.0M, operating cash flow $277M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $765M | +0.5% | +11% |
| Gross profit | $595M | +0.3% | +12% |
| Operating profit | $56.0M | +22% | +44% |
| Net earnings | $74.0M | +17% | +19% |
| Operating cash flow | $277M | +7% | +15% |
| Free cash flow | $271M | — | +14% |
What changed
Revenue was $765.0M in Q1 FY27, up 11% year over year and up 1% from the previous quarter. Subscription was the largest line at 98% of revenue. Subscription added $77.0M year over year (up 11%), 100% of the total change.
Gross margin was 77.8%, up 0.3 points from Q1 FY26. Operating profit was $56.0M, a 7.3% margin (up 1.7 points year over year). Of the extra revenue versus Q1 FY26, 22% reached operating profit, above the 6% margin then. Operating expenses grew 9% against revenue growth of 11%. The fastest-growing cost line was Sales & marketing (+17%). Net earnings were $74.0M, up 19% year over year. The effective tax rate was 5.1%. Non-operating items added $22.0M, 28% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $277.0M (up 15% year over year), 374% of net earnings. Non-cash charges added back $117.0M of share-based compensation. Working capital and other items added $86.0M. After capitalized software ($5.0M) and purchases of property and equipment ($1.0M), free cash flow as the company reports it was $271.0M.
Questions
What was Okta's revenue in the first quarter fiscal 2027?
Okta (OKTA) reported revenue of $765M for the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier and +0.5% from the quarter before.
Was Okta profitable in the first quarter fiscal 2027?
Operating profit was $56.0M (7.3% of revenue) and net earnings $74.0M.
Source: Okta 10-Q on SEC EDGAR.