Okta delivered strong financial results for Q3 FY2025, with total revenue increasing 14% year-over-year to $665 million. Subscription revenue grew to $651 million, representing 98% of total revenue. The company achieved GAAP net income of $16 million, compared to a net loss of $81 million in the same period last year.The company continued to expand its customer base, serving over 19,450 customers globally. Dollar-Based Net Retention Rate was 108%, while customers with annual contract value above $100,000 increased to 4,705. Current remaining performance obligations reached $2.06 billion, up from $1.83 billion year-over-year, demonstrating strong future revenue visibility.Looking ahead, Okta maintains focus on innovation and market expansion while improving operational efficiency. The company completed the acquisition of Spera to enhance identity threat detection capabilities. Cash and investments totaled $2.25 billion as of October 31, 2024, providing strong liquidity for future growth initiatives.

Okta delivered strong financial results for Q3 FY2025, with total revenue increasing 14% year-over-year to $665 million. Subscription revenue grew to $651 million, representing 98% of total revenue. The company achieved GAAP net income of $16 million, compared to a net loss of $81 million in the same period last year.The company continued to expand its customer base, serving over 19,450 customers globally. Dollar-Based Net Retention Rate was 108%, while customers with annual contract value above $100,000 increased to 4,705. Current remaining performance obligations reached $2.06 billion, up from $1.83 billion year-over-year, demonstrating strong future revenue visibility.Looking ahead, Okta maintains focus on innovation and market expansion while improving operational efficiency. The company completed the acquisition of Spera to enhance identity threat detection capabilities. Cash and investments totaled $2.25 billion as of October 31, 2024, providing strong liquidity for future growth initiatives.