Okta (OKTA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended April 2025, Okta (OKTA) reported revenue of $688 million, up 11.5% over the same period last year. EPS came in at $0.86, compared to $0.65 in the year-ago quarter.

The reported revenue represents a surprise of +1.22% over the Zacks Consensus Estimate of $679.73 million. With the consensus EPS estimate being $0.77, the EPS surprise was +11.69%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Okta performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Remaining performance obligations: $4.08 billion versus $4.02 billion estimated by six analysts on average.
• Current remaining performance obligations (cRPO): $2.23 billion versus $2.19 billion estimated by six analysts on average.
• Total Customers: 20,000 versus 20,001 estimated by three analysts on average.
• Revenue- Subscription: $673 million versus the 12-analyst average estimate of $660.72 million. The reported number represents a year-over-year change of +11.6%.
• Revenue- Professional services and other: $15 million versus $12.86 million estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.

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This article originally published on Zacks Investment Research (zacks.com).

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