Technology
Price
$170.60
+0.11%Market Cap
$29.79B
Day High
$172.95
Day Low
$167.47
Okta delivered 10.6% revenue growth to $805 million in Q2 FY2027, with net income up 73.1% to $116 million and subscription gross margin reaching 82%, even as cash declined on share buybacks and debt repayment.
Key risk: Liquidity and cash depletion
Cash and equivalents fell 12.9% year over year to $763 million, and the company used $794 million in financing activities during the first six months, primarily for buybacks and debt repayment. This reduces the liquidity buffer and could strain financial flexibility if operating cash flow weakens.