Okta (OKTA) Q4 2025 Earnings Call Transcript

Okta (OKTA -3.68%)
Q4 2025 Earnings Call
Mar 03, 2025, 5:00 p.m. ET

Contents:

• Prepared Remarks
• Questions and Answers
• Call Participants

Prepared Remarks:

David Gennarelli — Senior Vice President, Investor Relations

Hi, everyone. Welcome to Okta’s fourth quarter and full year fiscal 2025 earnings webcast. I’m Dave Gennarelli, senior vice president of investor relations at Okta. With me in today’s meeting, we have Todd McKinnon, our chief executive officer and co-founder; and Brett Tighe, our chief financial officer.

At around the same time that the earnings press release hit the wire, we posted supplemental commentary to the IR website. In today’s meeting, we will include forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding our financial outlook and market positioning. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. Forward-looking statements represent our management’s beliefs and assumptions only as of the date made.

Information on factors that could affect our financial results is included in our filings with the SEC from time to time, including the section titled Risk Factors in our previously filed Form 10-Q. In addition, during today’s meeting, we will discuss non-GAAP financial measures. Though we may not stated explicitly during the meeting, all references to profitability are non-GAAP. These non-GAAP measures are in addition to and not a substitute for or superior to measures of financial performance prepared in accordance with GAAP.

A reconciliation between GAAP and non-GAAP financial measures and a discussion of the limitations of using non-GAAP measures versus their closest GAAP equivalents are available in our earnings release. You can also find more detailed information in our supplemental financial materials, which include trended financial statements and key metrics posted on our investor relations website. In today’s meeting, we will quote a number of numeric or growth changes as we discuss our financial performance. And unless otherwise noted, each such reference represents a year-over-year comparison.

And now, I’d like to turn the meeting over to Todd McKinnon. Todd?

Todd McKinnon — Co-Founder and Chief Executive Officer

Thanks, Dave, and thanks, everyone, for joining us this afternoon. We’re really pleased with our strong Q4 results and the finish to FY ’25, which includes accelerating RPO and cRPO and record profitability and free cash flow. Demand for both workforce and customer identity products was strong, and our growing portfolio of new products is starting to make an impact. Brett will cover more of the Q4 highlights, and I’m going to cover why Okta is best positioned to capture more of the massive market opportunity in front of us as we go into FY ’26 and beyond.