Doing some research...
Over the five-year period from 2021 to 2025, Okta’s income statement shows a steady revenue and gross profit expansion accompanied by a notable turnaround in operating and net income. Revenues grew considerably from USD 835 million in 2021 to USD 2610 million in 2025, reflecting robust market demand and successful scaling in a competitive cloud-based identity management industry. Gross profit increased in tandem, rising from about USD 618 million to nearly USD 1992 million, indicating that Okta was able to leverage economies of scale. Notably, the revenue jump from 2021 to 2022 was over 55%, a significant spike that set the stage for subsequent growth, although year-over-year revenue growth modestly decelerated in later years. The most dramatic transformation occurred in operating and net income. While operating income declined sharply from a loss of USD 204 million in 2021 to a much larger loss of roughly USD 767 million in 2022, the subsequent years saw marked improvements, culminating in a near break-even operating income of only a USD 74 million loss in 2025. This turnaround is mirrored in net income, which shifted from losses deepening from USD 266 million in 2021 to USD 848 million in 2022, then gradually recovering to a positive USD 28 million by 2025. These swings, particularly the more than 20% changes seen from year to year, suggest that while early investments or market setbacks may have pressured margins, operational changes and improved cost discipline later in the period have significantly strengthened Okta’s financial health and sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.