Okta Exceeds Q1 Estimates with $0.65 EPS, $617M Revenue; Raises Q2 and FY2025 Guidance

Okta Inc. reported its Q1 earnings, surpassing market expectations. The company posted an adjusted EPS of $0.65, beating the estimated $0.55, and revenue of $617 million, exceeding the forecasted $604.34 million. Subscription revenue grew by 20% year-over-year to $603 million, with total revenue up 19% YoY. For Q2 2025, Okta provided guidance with an EPS range of $0.60 to $0.61, above the consensus estimate of $0.55, and revenue between $631 million and $633 million, also surpassing the expected $616.8 million. Additionally, Okta's FY2025 guidance projects an EPS of $2.35 to $2.40 and revenue of $2.53 billion to $2.54 billion, both above analysts' estimates of $2.51 billion.