Okta, Inc.

OKTANASDAQTechnology● Active

$118.72

$-4.76(-3.85%)

Market Cap$19.7B

P/E Ratio—

52W High$142.35

52W Low$62.66

Avg Volume4.1M

Open$122.37

Beta0.79

Overview

Okta, Inc. (OKTA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

OKTA · free cash flow · updated Jun 8, 2026

Core FCF metrics

OKTA · FCF · TTM · margin & CAGR

Free cash flow was $905.0M for FY2026 (fiscal year ending 2026-01-31), up 24.0% year-over-year The FCF margin was 31.0%. Five-year CAGR stands at +52.1%.

FY2026 Free Cash Flow$905.0M▲ +24.0% YoY

Trailing 12M (TTM)$938.0Mtrailing 4 quarters sum

FCF Margin31.0%$905.0M ÷ revenue

3-Year CAGR+143.1%FY2023 → FY2026

5-Year CAGR+52.1%FY2021 → FY2026

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

OKTA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2026Latest$914.0M(9M)$905.0M▲ +24.0%31.0%

FY2025$750.0M(20M)$730.0M▲ +49.6%28.0%

FY2024$512.0M(24M)$488.0M▲ +674.6%21.6%

FY2023$86.0M(23M)$63.0M▼ 27.6%3.4%

FY2022$104.0M(17M)$87.0M▼ 21.6%6.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

OKTA · P/FCF · FCF yield · FCF per share

Okta, Inc. (OKTA) trades at a FCF yield of 4.76% and a price-to-free-cash-flow ratio of 22.3x. FCF per share stands at $5.33, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.76%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$5.33

TTM FCF ÷ Shares Outstanding

Price / FCF

x22.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x20.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2026 · 2026-01-31

Cash flow statement summary

OKTA · cash flow statement · operating / investing / financing

For FY2026, Okta, Inc. generated $914.0M in operating cash flow and spent 9M in capital expenditures, yielding $905.0M in free cash flow.

Operating Activities

+$914.0M

Cash from core business operations

2026-01-31

Investing Activities

+$271.0M

CapEx, acquisitions & investments

2026-01-31

Financing Activities

−$750.0M

Buybacks, dividends & debt

2026-01-31

FCF FormulaOperating CF ($914.0M) − |CapEx| (9M) = FCF ($905.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

OKTA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Okta, Inc.YOU

OKTA

$905.0M+24.0%31.0%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Okta, Inc. (OKTA) reported free cash flow of $905.0M for FY2026 (fiscal year ending 2026-01-31), up 24.0% year-over-year. The FCF margin was 31.0%.

Based on available data, Okta, Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $905.0M in FY2026. The 5-year CAGR stands at +52.1%.

Okta, Inc.'s FCF yield is 4.76% and price-to-FCF ratio is 22.3x for FY2026, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

OKTA free cash flow · 8 questions

Okta, Inc. free cash flow was $905.0M for FY2026, up 24.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $938.0M.

OKTA free cash flowOKTA FCFOKTA FCF 2026OKTA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Okta, Inc. · Okta, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026