How did Okta's revenue and expenses trend in Q4 2025?

Okta's revenue and expenses in Q4 2025 showed a positive trend with robust financial performance.

1. **Revenue Trend**: Okta's total revenue for Q4 2025 was $682 million, an increase of 13% year-over-year. The subscription revenue, which is the key driver for Okta, grew by 13% year-over-year to $670 million. The remaining performance obligations (RPO), which is a measure of the subscription backlog, grew by 25% year-over-year to $4.215 billion. This indicates a strong demand for Okta's services and a solid future revenue stream.

2. **Expense Trend**: There was no available data on Okta's total expenses in Q4 2025. However, the company reported a net income of $23 million for the quarter, which suggests that the expenses were well-managed, and the company was able to generate profitability.
3. **Profitability**: Okta achieved record operating profitability and cash flow, with an operating cash flow of $286 million and free cash flow of $284 million. This indicates that the company is not only growing its revenue but also managing its expenses effectively to convert revenue into cash.
4. **Investor Confidence**: The company's stock surged by 33% over the last quarter, which could be attributed to the positive financial results and optimistic revenue forecasts for fiscal 2026. Institutional investors and hedge funds have also shown confidence in Okta, with several making changes to their positions, including new stakes and increased holdings.

In conclusion, Okta's revenue trend in Q4 2025 was positive, with significant growth in both total revenue and subscription revenue. The company's ability to manage expenses effectively and generate profitability further highlights its strong financial performance during the quarter.