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

Core Insights - For the quarter ended April 2025, Okta reported revenue of $688 million, reflecting an 11.5$679.73 million [1] - Earnings per share (EPS) for the quarter was $0.86, compared to$0.65 in the same quarter last year, resulting in an EPS surprise of +11.69% against the consensus estimate of $0.77 [1] Financial Performance Metrics - Remaining performance obligations were reported at$4.08 billion, exceeding the average estimate of $4.02 billion by six analysts [4] - Current remaining performance obligations (cRPO) stood at$2.23 billion, slightly above the estimated $2.19 billion by six analysts [4] - Total customers reached 20,000, closely matching the estimate of 20,001 by three analysts [4] - Subscription revenue was$673 million, surpassing the average estimate of $660.72 million from 12 analysts, marking an 11.6$15 million, exceeding the estimated $12.86 million by 12 analysts, representing a 7.1% year-over-year change [4] Stock Performance - Okta's shares have returned +18.1% over the past month, outperforming the Zacks S&P 500 composite's +5.2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]