OKTAOkta, Inc.
Services-Prepackaged Software
- Revenue
- $2.9B
- 12% YoY
- Operating margin
- 5.1%
- 280% YoY
- EBITDA
- $162M
- 366% YoY
- Market cap
- $37.1B
- Employees
- 100
- $29M revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 11.0
- mentions per 10K words
Takeover score 6 of 13
Fixable underperformance 5 of 7
- TSR below peersYes5 of 5 years3+ of last 5 years
- High CEO pay despite TSRYes$30M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo376% of net incomeCash flow under 80% of net income
- Dilutive SBCYes19% of revenueOver 10% of revenue
- Payouts exceed cash flowNo8% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyYes60% of assetsOver 40% of assets
- Shareholder dissentYes76% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$29M · 100th pctBottom quartile of its SIC industry
- Quiet on AINo11.0 per 10K words · 94th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$37.1B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$58M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.3B | $1.9B | $2.3B | $2.6B | $2.9B | 12% |
| Operating income | −$768M | −$812M | −$516M | −$74M | $149M | 301% |
| Net income | −$848M | −$815M | −$355M | $28M | $235M | 739% |
| Operating cash flow | $104M | $86M | $512M | $750M | $884M | 18% |
| Capex | $13M | $12M | $8M | $8M | $9M | 13% |
| Stock-based comp | $566M | $677M | $684M | $565M | $544M | 3.7% |
| Buybacks | — | — | $0 | $0 | $73M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $267K · 2
- Open-market sells, 12 mo
- $58M · 86
- Net
- −$58M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $37M | $16M | 33 | 256 |
| FY2025 | $23M | $24M | 36 | 204 |
| FY2024 | $30M | $30M | 32 | 160 |
| FY2023 | $412K | −$21M | 28 | 107 |
| FY2022 | $32M | $7M | 76 | 126 |