Okta, Inc.: Monetization of Agentic AI As A Significant Growth Opportunity!

Okta reported a strong fourth quarter, highlighting accelerating remaining performance obligations (RPO) and current RPO (cRPO), record profitability, and robust free cash flow. Demand for both workforce and customer identity products was strong, with notable contributions from new offerings such as Okta Identity Governance, Privileged Access, and Identity Security Posture Management. The company emphasized product innovation, partner ecosystem expansion, and go-to-market specialization as key drivers of its momentum heading into the next fiscal year. Total RPO increased by 25%, surpassing $4 billion, driven by higher weighted average contract term lengths. Bookings exceeded $1 billion in total contract value for the first time, with large deals contributing meaningfully. The company added 25 new customers with annual contract values exceeding $1 million, bringing the total to 470 in this category. Over 70% of deals in the quarter were partner-influenced, reflecting the company’s deepening relationship with its ecosystem. The partnership with AWS Marketplace continues to gain traction, contributing over $1 billion in aggregate total contract value since inception and growing over 80% in fiscal year 2025.