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Okta, Inc. OKTA Debt-to-equity

Debt-to-equity at other companies

International Business Machines logo
International Business MachinesIBM
2.3×-0.4×
Microsoft logo
MicrosoftMSFT
0.3×0.0×
Oracle logo
OracleORCL
0.7×-5.3×
Equifax logo
EquifaxEFX
1.2×+0.2×

Other financials

Income statement

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Revenue$765.0M+11.2%
Gross profit$595.0M+11.6%
Operating income$56.0M+43.6%
Net income$74.0M+19.4%
EPS (diluted)$0.42+20.0%

Balance sheet

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Cash & equivalents$768.0M+53.6%
Total debt$411.0M-31.3%
Total equity$6.9B+5.1%
Total assets$9.3B-0.2%

Cash flow

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Operating cash flow$277.0M+14.9%
CapEx$1.0M0.0%
Free cash flow$276.0M+15.0%

Valuation

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Market cap$19.65B-26.1%
Enterprise value$19.29B-28.5%
P/E79.5×-125×
P/S6.6×-3.4×

Profitability

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Gross margin77.4%+0.7pp
Operating margin5.5%
Net margin8.2%+3.4pp

Returns & leverage

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Return on equity3.7%+1.6pp
Current ratio1.4×0.0×

Where this comes from

Calculated from Okta, Inc.’s reported figures.

Based on the most recent quarter.

The official record: Okta, Inc.’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Okta, Inc.'s debt-to-equity?
Okta, Inc. (OKTA) reported debt-to-equity of 0.1× in Q1 2026.
How has Okta, Inc.'s debt-to-equity changed year-over-year?
Okta, Inc.'s debt-to-equity decreased by 34.6% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for Okta, Inc.'s debt-to-equity?
Over 4 years (2022 to 2026), Okta, Inc.'s debt-to-equity has grown at a -4.5% compound annual growth rate (CAGR), from 0.4× to 0.4×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.