Okta's Backlog Tops $4B on Strong Identity Security Demand

Key Takeaways OKTA's subscription backlog rose 21% to $4.08B. $2.23B in current RPO boosts 12-month revenue visibility. Demand for OKTA's identity tools, like Privileged Access and Okta AI, drives strong enterprise adoption. Despite macro headwinds and rivals like MSFT and CYBR, OKTA projects up to 11% current RPO growth in Q2.Okta’s (OKTA) Remaining Performance Obligations (RPO) or subscription backlog surged to $4.084 billion in the first quarter of fiscal 2026, marking a 21% year-over-year increase. Mo ...