Okta Historical Income Statement
| OKTA Stock | USD 76.42 0.41 0.53% |
Historical analysis of Okta income statement accounts such as Selling And Marketing Expenses of 1.1 B can show how well Okta Inc performed in making a profits. Evaluating Okta income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Okta's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Okta Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Okta Inc is a good buy for the upcoming year.
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About Okta Income Statement Analysis
Okta Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Okta shareholders. The income statement also shows Okta investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Okta Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Okta Inc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Okta Inc minus its cost of goods sold. It is profit before Okta operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Operating Income
Operating Income is the amount of profit realized from Okta Inc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Okta Inc is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Okta's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Okta Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At present, Okta's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Selling And Marketing Expenses is expected to grow to about 1.1 B, whereas Depreciation And Amortization is forecasted to decline to about 48.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 903.8M | 1.3B | 1.7B | 1.8B | Total Revenue | 1.3B | 1.9B | 2.3B | 2.4B |
Okta income statement Correlations
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Okta income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 34.9M | 76.5M | 107.6M | 114M | 84M | 48.6M | |
| Interest Expense | 27.0M | 72.7M | 92.2M | 11M | 8M | 7.6M | |
| Selling General Administrative | 112.9M | 171.7M | 431.3M | 409M | 450M | 472.5M | |
| Selling And Marketing Expenses | 340.4M | 427.4M | 770.3M | 1.1B | 1.0B | 1.1B | |
| Total Revenue | 586.1M | 835.4M | 1.3B | 1.9B | 2.3B | 2.4B | |
| Gross Profit | 426.7M | 617.7M | 903.8M | 1.3B | 1.7B | 1.8B | |
| Other Operating Expenses | 771.9M | 1.0B | 2.1B | 2.6B | 2.7B | 2.9B | |
| Operating Income | (185.8M) | (204.2M) | (767.1M) | (783M) | (460M) | (437M) | |
| Net Income From Continuing Ops | (208.9M) | (266.3M) | (848.4M) | (815M) | (355M) | (372.8M) | |
| Ebit | (185.8M) | (232.5M) | (757.5M) | (790M) | (314M) | (329.7M) | |
| Research Development | 159.3M | 222.8M | 469.3M | 620M | 656M | 688.8M | |
| Ebitda | (150.9M) | (156M) | (649.9M) | (676M) | (230M) | (241.5M) | |
| Cost Of Revenue | 159.4M | 217.7M | 396.4M | 546M | 581M | 610.1M | |
| Total Operating Expenses | 612.5M | 821.9M | 1.7B | 2.1B | 2.1B | 2.2B | |
| Income Before Tax | (210.3M) | (266.2M) | (849.7M) | (801M) | (337M) | (353.9M) | |
| Total Other Income Expense Net | (24.5M) | (62.0M) | (81.7M) | (18M) | 123M | 129.2M | |
| Net Income Applicable To Common Shares | (208.9M) | (266.3M) | (848.4M) | (815M) | (733.5M) | (696.8M) | |
| Net Income | (208.9M) | (266.3M) | (848.4M) | (815M) | (355M) | (372.8M) | |
| Income Tax Expense | (1.4M) | 141K | (1.3M) | 14M | 18M | 18.9M | |
| Tax Provision | (1.4M) | 141K | (1.3M) | 14M | 18M | 18.9M | |
| Reconciled Depreciation | 17.8M | 36.9M | 107.6M | 114M | 84M | 59.0M | |
| Non Operating Income Net Other | 17.1M | 10.6M | 9.6M | 22M | 25.3M | 12.9M | |
| Net Interest Income | (9.9M) | (59.8M) | (82.4M) | 11M | 73M | 76.7M | |
| Interest Income | 17.1M | 12.9M | 9.8M | 22M | 81M | 85.1M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Okta Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Okta's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Okta Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Okta Inc Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Okta Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Internet Services & Infrastructure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Okta. If investors know Okta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Okta listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.81) | Revenue Per Share 14.715 | Quarterly Revenue Growth 0.162 | Return On Assets (0.02) | Return On Equity (0.02) |
The market value of Okta Inc is measured differently than its book value, which is the value of Okta that is recorded on the company's balance sheet. Investors also form their own opinion of Okta's value that differs from its market value or its book value, called intrinsic value, which is Okta's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Okta's market value can be influenced by many factors that don't directly affect Okta's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Okta's value and its price as these two are different measures arrived at by different means. Investors typically determine if Okta is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Okta's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.