Okta Inc
For the period ended Jan 31, 2024. Filed Mar 1, 2024.
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FY2024 · Filed Mar 1, 2024
OKTA$177.57+5.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(dollars in millions, shares in thousands, except per share data)
| Year Ended January 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | |||
| Subscription | $2,205 | $1,794 | $1,249 |
| Professional services and other | 58 | 64 | 51 |
| Total revenue | 2,263 | 1,858 | 1,300 |
| Cost of revenue | |||
| Subscription | 502 | 464 | 329 |
| Professional services and other | 79 | 82 | 67 |
| Total cost of revenue | 581 | 546 | 396 |
| Gross profit | 1,682 | 1,312 | 904 |
| Operating expenses | |||
| Research and development | 656 | 620 | 469 |
| Sales and marketing | 1,036 | 1,066 | 771 |
| General and administrative | 450 | 409 | 432 |
| Restructuring and other charges | 56 | 29 | — |
| Total operating expenses | 2,198 | 2,124 | 1,672 |
| Operating loss | (516) | (812) | (768) |
| Interest expense | (8) | (11) | (91) |
| Interest income and other, net | 81 | 22 | 9 |
| Gain on early extinguishment of debt | 106 | — | — |
| Interest and other, net | 179 | 11 | (82) |
| Loss before provision for (benefit from) income taxes | (337) | (801) | (850) |
| Provision for (benefit from) income taxes | 18 | 14 | (2) |
| Net loss | $(355) | $(815) | $(848) |
| Net loss per share, basic and diluted | $(2.17) | $(5.16) | $(5.73) |
| Weighted-average shares used to compute net loss per share, basic and diluted | 163,634 | 158,023 | 148,036 |
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