Okta Q1 FY27: 11% revenue growth, $1B buyback launched, AI agent identity in development

Filed May 29, 2026 · Period ending April 30, 2026 · Compared to 10-Q May 28, 2025 · ~1 min read

Key Changes

• high

  Launched $1B share repurchase program in January 2026, executing $241M in Q1 with $680M remaining authorized. Signals management confidence and commitment to capital returns.

  MD&A: Capital Allocation verify on EDGAR →
• high

  Expanding identity platform to include AI agents with new product offerings in development and early access, addressing emerging need to manage AI agent identities alongside human users.

  MD&A: Product Strategy verify on EDGAR →
• medium

  Dollar-Based Net Retention Rate improved to 107% from 106% year-over-year, reflecting stronger expansion within existing customer base through user growth and additional solution sales.

  MD&A: Revenue Growth verify on EDGAR →