Okta reports Q2 EPS 91c, consensus 85c

Reports Q2 revenue $728M, consensus $711.9M. RPO, or subscription backlog, was $4.152 billion, an increase of 18% year-over-year. cRPO, which represents subscription backlog expected to be recognized over the next 12 months, was $2.265 billion, up 13% compared to the second quarter of fiscal 2025. “Okta‘s (OKTA) unified identity platform is winning customers ranging from the world’s largest global organizations to massive government agencies,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “Our solid Q2 results are highlighted by continued strength in new product adoption, the public sector, Auth0, and cash flow. In the age of AI, Okta’s independence and neutrality will continue to give organizations the freedom to innovate securely and on their own terms.”