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Remaining Performance Obligations
Represents contracted but unrecognized revenue from multi‑period subscriptions and services, giving visibility into near‑term revenue already booked. A rising RPO for Okta points to healthy future cash flow and strong contract demand; a drop may signal weakening bookings or renewal pressure.Remaining Performance Obligations have roughly doubled since 2021, reflecting stronger contracted revenue and much larger enterprise deals; management ties this to outsized ACV from AI-enabled products and improving cRPO (~12%), which increases revenue visibility. Watch the caveats: routing more professional services through partners will shave ~1 percentage point off reported revenue conversion, and pricing/AI inference cost uncertainty could pressure margins even as bookings grow. In short, backlog strength reduces top‑line risk, but monetization and margin execution will determine realized upside.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | $4.86B |
Mar 31, 2026 | $4.72B |
Dec 31, 2025 | $4.83B |
Sep 30, 2025 | $4.29B |
Jun 30, 2025 | $4.15B |
Mar 31, 2025 | $4.08B |
Dec 31, 2024 | $4.21B |
Sep 30, 2024 | $3.66B |
Jun 30, 2024 | $3.50B |
Mar 31, 2024 | $3.36B |