Okta, Inc. (NASDAQ: OKTA) has announced its financial results for the second quarter ended July 31, 2025. The company reported a 13% year-over-year growth in total revenue, reaching $728 million. Subscription revenue also saw a 12% year-over-year increase, totaling $711 million.
The remaining performance obligations (RPO) grew by 18% year-over-year, amounting to $4.152 billion. The current remaining performance obligations (CRPO), representing subscription backlog expected to be recognized over the next 12 months, increased by 13% year-over-year to $2.265 billion.
In terms of cash flow, Okta reported an operating cash flow of $167 million, which accounted for 23% of total revenue, and free cash flow of $162 million, representing 22% of total revenue.
The company also shared its financial outlook, expecting total revenue for the third quarter of fiscal 2026 to be in the range of $728 million to $730 million, representing a growth rate of 9% to 10% year-over-year. Additionally, Okta anticipates non-GAAP operating income of $160 million to $162 million for the same period, yielding a non-GAAP operating margin of 22%.
Looking at the full year fiscal 2026, Okta now expects total revenue to be between $2.875 billion and $2.885 billion, reflecting a growth rate of 10% to 11% year-over-year. The company also forecasts non-GAAP operating income of $730 million to $740 million, resulting in a non-GAAP operating margin of 25% to 26%.
In terms of non-GAAP net income, Okta reported $169 million in the second quarter of fiscal 2026, compared to $131 million in the same period of fiscal 2025. Non-GAAP diluted net income per share was $0.91, up from $0.72 in the second quarter of fiscal 2025.
Today the company's shares have moved 0.67% to a price of $91.965. Check out the company's full 8-K submission here.
