Okta, Inc. is an American multinational cybersecurity and identity cloud software corporation headquartered in San Francisco, California. Founded in 2009 by Todd McKinnon and Frederic Kerrest, Okta is listed on the NASDAQ (ticker: OKTA) with a $12.5 billion market capitalization. Generating over $2.6 billion in annual revenue with $500M+ in free cash flow under Co-Founder and CEO Todd McKinnon, Okta powers secure digital authentication for over 18,800 enterprise organizations and millions of consumer application users worldwide.
Okta operates a multi-tiered, cloud-native Software-as-a-Service (SaaS) subscription and developer API licensing business model characterized by high net revenue retention (>105%) and enterprise gross margins above 75%. Its commercial revenue engine spans four primary pillars: First, Workforce Identity Cloud (~62% of revenue), monetizing per-user, per-month enterprise licenses for Single Sign-On (SSO), Adaptive Multi-Factor Authentication (MFA), Universal Directory, and Lifecycle Management across 18,800+ corporate clients. Second, Customer Identity Cloud (Auth0) (~26% of revenue), charging usage-based API and monthly active user (MAU) subscription tiers to software developers embedding login, authentication, and user management into consumer applications. Third, Identity Governance & Privileged Access (OIG & PAM) (~8% of revenue), selling high-tier governance compliance and privileged administrator session management tools. Fourth, Professional Services & Advanced Security Training (~4% of revenue), providing identity architecture consulting and deployment certifications.