Okta Q2 rev grows 13% YoY, subscription rev up 12% YoY.

• Q2 revenue grew 13% YoY • Subscription revenue grew 12% YoY • RPO grew 18% YoY • cRPO grew 13% YoY • Operating cash flow of $167 million • Free cash flow of $162 million • Okta's unified identity platform wins global customers • Strength in new product adoption • Solid Q2 results for Okta

Okta, Inc. (Nasdaq: OKTA), a leading independent identity partner, announced its second-quarter fiscal 2026 financial results, showcasing robust growth and solid performance. The company's revenue grew by 13% year-over-year (YoY) to $728 million, with subscription revenue increasing by 12% YoY to $711 million. These figures underscore Okta's strong market position and expanding customer base.

The company's remaining performance obligations (RPO), a measure of subscription backlog, grew by 18% YoY to $4.152 billion. Additionally, current remaining performance obligations (cRPO), representing the subscription backlog expected to be recognized over the next 12 months, increased by 13% YoY to $2.265 billion. These metrics indicate a healthy pipeline of future revenue.

Okta's operating cash flow for the quarter was $167 million, while free cash flow stood at $162 million. These cash flow metrics reflect the company's financial health and its ability to generate cash from operations. The company's cash, cash equivalents, and short-term investments totaled $2.858 billion at July 31, 2025.

Okta's CEO and co-founder, Todd McKinnon, highlighted the company's achievements, stating, "Okta’s unified identity platform is winning customers ranging from the world’s largest global organizations to massive government agencies. Our solid Q2 results are highlighted by continued strength in new product adoption, the public sector, Auth0, and cash flow. In the age of AI, Okta’s independence and neutrality will continue to give organizations the freedom to innovate securely and on their own terms."

Looking ahead, Okta expects total revenue of $728 million to $730 million for the third quarter of fiscal 2026, representing a growth rate of 9% to 10% YoY. The company also expects non-GAAP operating income of $160 million to $162 million, yielding a non-GAAP operating margin of 22%. For the full year fiscal 2026, Okta expects total revenue of $2.875 billion to $2.885 billion, representing a growth rate of 10% to 11% YoY, and non-GAAP diluted net income per share of $3.33 to $3.38.

Okta will host a live video webcast on August 26, 2025, at 2:00 p.m. Pacific Time to discuss the results and outlook. The prepared remarks and the news release with the financial results will be accessible from the Company’s website at investor.okta.com prior to the webcast.

References:
[1] https://investor.okta.com/news-and-events/news-releases/news-details/2025/Okta-Announces-Second-Quarter-Fiscal-Year-2026-Financial-Results/