Updated with Tuesday stock jump:

Shares in Okta Inc. jumped more than 24% Tuesday after the identity and access management company reported beats on revenue and earnings in its fiscal 2025 fourth quarter and forecast a better-than-expected outlook for its first quarter and year ahead.

For the quarter that ended on Jan. 31, Okta reported adjusted earnings per share of 78 cents, up from 63 cents in the same quarter of the previous fiscal year, on revenue of $682 million, up 13% year-over-year. Both figures were ahead of the 74 cents per share and revenue of $668.92 million expected by analysts.

For its full 2025 fiscal year, Okta reported adjusted earnings per share of $2.81, up from $1.60 per share in the 2024 fiscal year, on revenue of $2.61 billion, up 15% year-over-year.

Okta finished its fiscal year with 19,650 customers, remaining performance obligations of $4.215 billion, and a dollar-based net retention rate of 10%. Okta’s Identity Governance solution ended the fiscal year with more than 1,300 customers and more than $100 million in annual contract revenue.

Business highlights in the quarter included Okta’s introduction of Secure Identity Assessment, a professional service designed to help organizations reduce identity debt by providing personalized support and tools. Additionally, Okta emphasized the importance of Privileged Access Management in safeguarding critical systems against evolving cyberthreats. Okta also explored the integration of artificial intelligence agents with secure identity solutions, aiming to enhance identity management processes, improve security protocols and streamline user experiences.

“In a rapidly evolving IT and security landscape, organizations are turning to Okta as their identity partner for our ability to deliver the broadest array of modern identity security with the flexibility to meet their demands,” co-founder and Chief Executive Todd McKinnon said in the company’s earnings release. “We’re entering the new fiscal year laser-focused on serving our customers with even more innovation on the Okta and Auth0 platforms while further elevating the industry with the Okta Secure Identity Commitment.”

For its fiscal 2026 first quarter, Okta expects adjusted earnings per share of 76 to 77 cents on revenue of $678 million to $680 million. Both figures were ahead of the 70 cents per share and revenue of $669.4 million expected by analysts.

It was a similar story with the full-year outlook, with Okta’s forecast of $3.15 to $3.20 per share and revenue of $2.85 billion to $2.86 billion coming in ahead of the analyst forecast of $2.94 per share and revenue of $2.8 billion.

Photo: Okta