Okta reports 11% revenue growth, initiates $248M stock buyback in Q1 FY2027

Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  Okta repurchased $248M of common stock in Q1, marking its first material capital return to shareholders while maintaining 35% free cash flow margin ($271M).

  Exhibit 99.1 verify on EDGAR →
• high

  Q1 revenue grew 11% to $765M with subscription revenue of $750M; current remaining performance obligations (cRPO) increased 12% to $2.5B, indicating healthy future revenue visibility.

  Exhibit 99.1 verify on EDGAR →
• high

  Full-year FY2027 guidance calls for $3.19B-$3.21B revenue (9-10% growth) and $855M-$885M free cash flow; accelerating shift of professional services to partners will reduce total revenue growth by ~1 percentage point.

  Exhibit 99.1 verify on EDGAR →