Okta announced its financial results for the second quarter of fiscal year 2026.
Q2 revenue grew by 13% year-over-year, with subscription revenue increasing by 12% year-over-year.
Operating cash flow reached $167 million with free cash flow at $162 million.
Revenue Growth
Total revenue was $728 million, showing a 13% increase year-over-year.
Subscription Revenue
Subscription revenue reached $711 million, indicating a 12% increase year-over-year.
Cash Flow Strength
Operating cash flow was $167 million, highlighting financial health and stability.
RPO Growth
Remaining performance obligations grew by 18% year-over-year, with cRPO up by 13%.
GAAP Net Income
GAAP net income reached $67 million, showing significant growth compared to the previous year.
- Okta's financial results demonstrate steady growth and strength in its core business areas.
- The increase in revenue and cash flow reflects Okta's ability to attract and retain customers.
- RPO growth signifies sustained demand for Okta's services and solutions in the market.
- The positive net income and cash flow position position Okta well for future expansion and investments.
Okta's second quarter results showcase impressive revenue growth, strong cash flow, and overall financial stability.