Okta Reports 739% Net Income Surge, 11.8% Revenue Growth in 2025
Full-year net income jumped 739% to $235 million on an 11.8% revenue increase to $2.9 billion, driven by an 11% subscription revenue gain. In Q4, net income rose 174% to $63 million on 11.6% revenue growth to $761 million, prompting five overweight ratings despite price targets cut to $100–$125.
1. Full-Year Financial Performance
Okta’s net income surged 739% to $235 million in fiscal 2025 as revenues climbed 11.8% to $2.9 billion, driven by an 11% increase in subscription revenue.
2. Fourth-Quarter Highlights
In Q4, net income rose 174% to $63 million on an 11.6% revenue increase to $761 million, marking consecutive quarterly growth in both profitability and top-line metrics.
3. Analyst Ratings and Price Targets
Five firms issued overweight ratings on Okta following the results, while cutting their price targets to a range of $100–$125 from $110–$145, reflecting tempered optimism on valuation.
4. AI Identity Strategy
CEO Todd McKinnon highlighted accelerating adoption of Okta’s unified identity platform and its positioning to secure AI agents as demand for identity security strengthens.