Okta

Okta beat Q3 expectations with adjusted EPS of 82 c (vs 76 c) and revenue of $742 M (vs $730 M), marking 12% YoY growth and a 169% rise in net income to $43 M. Subscription revenue rose 11% to $724 M and the backlog increased 17% to $4.29 B. The company skipped FY2027 guidance, citing seasonal uncertainty, and introduced AI‑powered agents aimed at expanding its addressable market. It forecasts Q4 revenue of $748‑$750 M and EPS of 84‑85 c. Despite the beat, the stock fell >3% after hours as investors await clearer guidance.

Okta, Inc. (NYSE:OKTA) announced a proposed settlement for derivative matters, featuring corporate governance reforms and internal controls approved by the Board Settlement Review Committee. A Settlement Hearing is set for October 24, 2025. The settlement includes $2.25 million for legal fees, pending court approval. Stockholders as of June 26, 2025, can object by filing written objections 14 days prior to the hearing. The settling parties believe the reforms provide substantial benefits to Okta and its stockholders.