For the year ending 2026-01-31, OKTA had $449M increase in cash & cash equivalents over the period. $875M in free cash flow.
| Cash Flow | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 |
|---|---|---|---|---|
| Net income (loss) | 235 | 28 | -355 | -815 |
| Stock-based compensation | 544 | 565 | 684 | 677 |
| Depreciation, amortization and accretion | - | 88 | 84 | 114 |
| Amortization of debt discount and issuance costs | - | - | - | 6 |
| Amortization of debt issuance costs | - | - | 3 | - |
| Depreciation and amortization | 96 | - | - | - |
| Amortization of deferred commissions | 161 | 130 | 104 | 84 |
| Deferred income taxes | 13 | 2 | 6 | 7 |
| Non-cash charitable contributions | - | - | - | 4 |
| Lease impairment charges | 0 | 0 | 28 | 14 |
| Gain on early extinguishment of debt | 0 | 19 | 106 | 0 |
| Net gain on strategic investments | - | - | 0 | 1 |
| Other, net | -8 | -9 | -10 | -3 |
| Accounts receivable | 70 | 63 | 79 | 87 |
| Deferred commissions | -245 | -186 | -158 | -122 |
| Prepaid expenses and other assets | 33 | 37 | 32 | 13 |
| Operating lease right-of-use assets | -18 | -20 | -23 | -27 |
| Accounts payable | -2 | 1 | 0 | -6 |
| Accrued compensation | 1 | 41 | 68 | -44 |
| Accrued expenses and other liabilities | 1 | -3 | 21 | 8 |
| Operating lease liabilities | -30 | -33 | -39 | -34 |
| Deferred revenue | 187 | 207 | 250 | 264 |
| Net cash provided by operating activities | 884 | 750 | 512 | 86 |
| Capitalized software | 12 | 12 | 15 | 9 |
| Purchases of property and equipment | 9 | 8 | 8 | 12 |
| Purchases of securities available-for-sale and other | 1,505 | 1,812 | 1,709 | 1,411 |
| Proceeds from maturities and redemption of securities available-for-sale | 1,848 | 1,571 | 2,134 | 1,308 |
| Proceeds from sales of securities available-for-sale and other | 5 | 3 | 62 | 0 |
| Payments for business acquisitions, net of cash acquired | 56 | 56 | 22 | 4 |
| Purchases of intangible assets | 0 | 0 | 1 | 2 |
| Net cash provided by (used in) investing activities | 271 | -314 | 441 | -130 |
| Proceeds from issuance of convertible senior notes, net of issuance costs | - | - | - | 0 |
| Payments upon maturity and repurchases of convertible senior notes | 510 | 280 | 937 | - |
| Proceeds from hedges related to convertible senior notes | - | - | - | 0 |
| Taxes paid related to net share settlement of equity awards | 192 | 148 | - | - |
| Payments for warrants related to convertible senior notes | 0 | 0 | 7 | 0 |
| Proceeds from settlement of capped calls related to convertible senior notes | 2 | - | - | - |
| Purchases of capped calls related to convertible senior notes | - | - | - | 0 |
| Repurchases of common stock | 73 | - | - | - |
| Proceeds from stock option exercises | 12 | 27 | 15 | 17 |
| Proceeds from shares issued in connection with employee stock purchase plan | 41 | 42 | 46 | 31 |
| Net cash used in financing activities | -720 | -359 | -883 | 48 |
| Effects of changes in foreign currency exchange rates on cash, cash equivalents and restricted cash | 14 | -4 | 1 | -6 |
| Net increase in cash, cash equivalents and restricted cash | 449 | 73 | 71 | -2 |
| Cash, cash equivalents and restricted cash at beginning of year | 415 | 342 | 271 | 273 |
| Cash, cash equivalents and restricted cash at end of year | 864 | 415 | 342 | 271 |
Okta, Inc. (OKTA)
Okta, Inc. (OKTA)