Okta: Solid Beat, Even Better Guidance

Enterprise-scale customers are plumping up the bottom line.

Mar 3, 2025 - 23:15

Here's our initial take on Okta's (NASDAQ: OKTA) financial report.

Identity verification software vendor Okta reported solid numbers in the fourth quarter of its 2025 fiscal year, beating Wall Street top- and bottom-line estimates and delivering 24% year-over-year earnings growth.

The company added 200 new customers in the quarter, which represents a 4% year-over-year gain. Increasingly, that's coming from large enterprise customers. Okta added 95 customers in the quarter with $100,000 or more in annual contract value. Those customers now represent about one-quarter of Okta's 19,650 total customers and account for more than 80% of the company's total annual contract value.