ࡱ> ~ l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~4#܈ ~~9#܈ ~~3#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33 Okta Inc&Registrant s telephone number iE$Table of Contents5 Balance SheetVIncome StatementmIncome Statement (1){ Cash Flows&Revenue from Contracts with Cus&Revenue from Contracts with (1)&Q4 Cash Equivalents and ShortTer&4 Cash Equivalents and Shor (1)&4 Cash Equivalents and Shor (2)&= Assets and Liabilities Measured& Assets and Liabilities Meas (1)&3Fair Value Measurements of OtheL?Intangible Assets net MIntangible Assets net (1)\Convertible Senior Notes# hConvertible Senior Notes (1)"u10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share 12 Net Loss Per Share (1);Results of Operations >Results of Operations (1) VResults of Operations (2)Revenue&#Cost of Revenue Gross Profit an&6Research and Development Expens#/DSales and Marketing Expenses&QGeneral and Administrative Expej_Other Expense NetkKey Business MetricswKey Business Metrics (1)&NonGAAP Gross Profit and NonGAA&NonGAAP Operating Loss and NonG+Free Cash FlowQCalculated BillingsCash Flows (1)&Obligations and Other CommitmenIndex to Exhibits l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } %} $ } 0} $ } $       Okta, Inc. 10-Q 06/08/2018 Okta, Inc.      Delaware     26-4175727' (State or Other Jurisdiction of    (I.R.S. Employer& Incorporation or Organization)    Identification Number)   301 Brannan Street  'San Francisco, California 941070((Address of Principal executive offices)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*h~r6} |0=PF0*8X> @ l  #  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta IncTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 6} $} $ } } $       Okta, Inc. 10-Q 06/08/2018JBRegistrant s telephone number, including area code: (888) 722-7871         Large accelerated filer ?     Accelerated filer ? Non-accelerated filer ?    ! Smaller reporting company ?5 -(Do not check if a smaller reporting company)      Emerging growth company ? $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(Tj^RF:P=PF0*8X> @ l  )2x5  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number i Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } y } :} y )      Okta, Inc. 10-Q 06/08/2018Table of Contents      Page No.% PART I. FINANCIAL INFORMATION Item 1.(  Financial Statements (unaudited)~  - %Condensed Consolidated Balance Sheets~ 1)as of April 30, 2018 and January 31, 2018,$Condensed Consolidated Statements of~ 3+Operations for the Three Months Ended April30, 2018 and 2017,$Condensed Consolidated Statements of~ /'Comprehensive Loss for the Three Months%Ended April 30, 2018 and 2017,$Condensed Consolidated Statements of~ 3+Cash Flows for the Three Months Ended April30, 2018 and 20171)Notes to Condensed Consolidated Financial~ " StatementsItem 2.,$Management?s Discussion and Analysis~ f80of Financial Condition and Results of OperationsItem 3.0(Quantitative and Qualitative Disclosures~ about Market RiskItem 4.Controls and Procedures~ "PART II. OTHER INFORMATIONDlwkGZc[~-g !"#$%&'( Item 1. Legal Proceedings~ !Item 1A.! Risk Factors~ !"Item 6."Exhibits~ "## Signatures~ #$%$&____________________________1')Created by Morningstar Document Research.0((http://documentresearch.morningstar.com/:S# =PF0*8X> @*((''&&  l  CYG;SPT  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of ContentsIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 8} $ C      Okta, Inc. 10-Q 06/08/2018 Balance Sheet          April 30, 2018  January 31, 2018      As Adjusted (1) Assets    Current assets:   !Cash and cash equivalents~  ~ 6Short-term investments~ v~ 6.&Accounts receivable, net of allowances~ ~ b0of $1,569 and $1,472Deferred commissions~ !~ n1)Prepaid expenses and other current assets~ ;~ Total current assets~ &~ `#Property and equipment, net~ +~ ( Deferred commissions, noncurrent~ ց~ |Intangible assets, net~ ^~ ƷGoodwill~ *b~ *b Other assets~ ~  Total assets~ ],~ ~^,$Liabilities and stockholders? equityCurrent liabilities:Accounts payable~ ڸ~ z6.Accrued expenses and other current liabilities~ L~ `Accrued compensation~ ~ ZD8 l{oj4.? Deferred revenue~    ~ "  !!Total current liabilities~ !b !!~ !x !%"Convertible senior notes, net~ "B"" "-"$#Deferred revenue, noncurrent~ #C##~ #M#%$Other liabilities, noncurrent~ $$$~ $m$%Total liabilities~ %!%%~ %3 %.&&Commitments and contingencies (Note 9)&&&&&'Stockholders? equity:''''.(&Preferred stock, par value $0.0001 per (-(( (-(3)+share; 100,000 shares authorized, no shares3*+issued and outstanding as of April 30, 2018+and January 31, 2018./,'Class A Common stock, par value $0.0001~ ,&,,~ ,,.-&per share; 1,000,000 shares authorized2.*as of April 30, 2018 and January 31, 2018;7//87,254 and 70,610 shares issued and outstanding20*as of April 30, 2018 and January 31, 2018,1 respectively./2'Class B Common stock, par value $0.0001~ 2 22~ 22/3'per share; 120,000 shares authorized as64.of April 30, 2018 and January 31, 2018; 19,23805(and 33,361 shares issued and outstanding26*as of April 30, 2018 and January 31, 2018,7 respectively."8Additional paid-in capital~ 8r6'88~ 8V"8.9&Accumulated other comprehensive income~ 9:99~ 99:(loss);Accumulated deficit~ ;r;;~ ;;"<Total stockholders? equity~ <F<<<~ <* <2=*Total liabilities and stockholders? equity~ =],==~ =~^=>?D l?o;zC xFr<#K9t@AB$@____________________________1A)Created by Morningstar Document Research.0B(http://documentresearch.morningstar.com/ (=PF0*8X> @@BBAA@@====<<<<;;;;999988882222,,,,((((%%%%$$$$####""""!!!!      l  ,ugl  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 1} $ ,      Okta, Inc. 10-Q 06/08/2018Income Statement         $ Three Months Ended April 30, ~  ~       As Adjusted (1)    Revenue: Subscription~ ~ ^'Professional services and other~ i~ :? Total revenue~ ~ 1Cost of revenue: Subscription~ 2~ V'Professional services and other~ ~y~ bTotal cost of revenue~ x~  Gross profit~ ~  Operating expenses: Research and development~ f7~ Sales and marketing~ V~ '"General and administrative~ z~ ޵ Total operating expenses~ 2(~ vOperating loss~ y~ FSOther expense, net~ ~ 0(Loss before provision for (benefit from)~ f~ R income taxesD lxl M"qM6q U !"#$%&'()*+1 )Provision for (benefit from) income taxes~ f  ~  !Net loss~ !Zj!!~ !O!""""""1#)Net loss per share attributable to common#п###ffffff#'$stockholders, basic and diluted%%%%%%/&'Weighted-average shares used to compute~ &.\&&~ &m&1')net loss per share attributable to common'(stockholders, basic and diluted$)____________________________1*)Created by Morningstar Document Research.0+(http://documentresearch.morningstar.com/U7rGW,=PF0*8X> @Z+++**))&&&&####!!!!       l  z  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome Statement Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } @} $       Okta, Inc. 10-Q 06/08/2018Income Statement         $ Three Months Ended April 30, ~  ~       As Adjusted (1)    Net loss~ Zj~ O*"Other comprehensive income (loss):=5Net change in unrealized losses on available-for-sale~  - securities0(Foreign currency translation adjustments~ ~ )!Other comprehensive income (loss)~ ~ Comprehensive loss~ va~ *P$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8xl Mwmb=PF0*8X> @     l  d֙N  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1)!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } :} $ d      Okta, Inc. 10-Q 06/08/2018 Cash Flows         $ Three Months Ended April 30, ~  ~       As Adjusted (1)    -%Cash flows from operating activities:Net loss~ Zj~ O0(Adjustments to reconcile net loss to net80cash provided by (used in) operating activities: Stock-based compensation~ ~ *0(Depreciation, amortization and accretion~ V ~ 2*Amortization of debt discount and issuance~ .( - costs,$Amortization of deferred commissions~ rG~ !Deferred income taxes~  - Other~ ~ :4,Changes in operating assets and liabilities:Accounts receivable~ ~ #Deferred commissions~ ~ )!Prepaid expenses and other assets~ ~ RAccounts payable~ $~ 2Accrued compensation~ &~ .&Accrued expenses and other liabilities~ ~ D l~rS#z"g L !"#$%&'()*+,-./0123456789:;<=>? Deferred revenue~   ~ ^ 0!(Net cash provided by (used in) operating~ !>!!~ !h!" activities-#%Cash flows from investing activities:#####/$'Capitalization of internal-use software~ $$$~ $"$ %costs+&#Purchases of property and equipment~ &&&~ &&-'%Purchases of securities available for~ ':'' '-' (sale.)&Proceeds from maturities of securities~ )0))~ )~)*available for sale3++Proceeds from sales of securities available +-++~ + +,for sale0-(Net cash provided by (used in) investing~ -j--~ -f-. activities-/%Cash flows from financing activities:////.0&Proceeds from initial public offering, 0-00~ 04 061.net of underwriters' discounts and commissions-2%Proceeds from issuance of convertible~ 2>s22 2-2+3#senior notes, net of issuance costs24*Purchase of convertible senior notes hedge~ 4b44 4-425*Proceeds from issuance of warrants related~ 5b355 5-56to convertible notes+7#Payments of deferred offering costs 7-77~ 77-8%Proceeds from stock option exercises,~ 888~ 8(89net of repurchases :Other~ :::~ ::1;)Net cash provided by financing activities~ ;V;;~ ;6 ;.<&Effects of changes in foreign currency~ <<<~ <<3=+exchange rates on cash and cash equivalents.>&Net increase in cash, cash equivalents~ >!>>~ > >?and restricted cashD l0:)J:4 5vsu@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_-@%Cash, cash equivalents and restricted~ @P@@~ @k@#Acash at beginning of period-B%Cash, cash equivalents and restricted~ Br BB~ B BCcash at end of periodDDDD+E#Supplementary cash flow disclosure:EEE4F,Non-cash investing and financing activities:FFF/G'Vesting of early exercised common stock~ GGG~ G"GHoptions.I&Issuance of common stock in connection I-II~ IBIJwith warrant exercises/K'Deferred offering costs accrued but not~ KKK~ KKLyet paid/M'Property and equipment acquired through~ M4MM M-M$Ntenant improvement allowance0O(Property and equipment and other accrued~ ONOO~ O.OPbut not yet paid.Q&Issuance of common stock in connection Q-QQ~ Q!Q!Rwith business combination,S$Conversion of redeemable convertible S-SS~ S* S'Tpreferred stock to common stock0U(Reconciliation of cash, cash equivalentsUUU0V(and restricted cash within the condensed2W*consolidated balance sheets to the amounts4X,shown in the statements of cash flows above:!YCash and cash equivalents~ Y YY~ Yz Y,Z$Restricted cash, noncurrent included~ ZօZZ~ ZZ[in other assets3\+Total cash, cash equivalents and restricted~ \r \\~ \ \ ]cash^^^^_D0 lhSqkWI-(q;.`abc`$a____________________________1b)Created by Morningstar Document Research.0c(http://documentresearch.morningstar.com/ <=PF0*8X> @]ccbbaa\\\\ZZZZYYYYSSSSQQQQOOOOMMMMKKKKIIIIGGGGBBBB@@@@>>>><<<<;;;;::::888877775555444422220000----++++))))''''&&&&$$$$!!!!       l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } -}  $                                Okta, Inc. 10-Q 06/08/2018-%Revenue from Contracts with Customers             ) !Three Months Ended April 30, 2017   As Reported   Adjustments   As Adjusted   (unaudited) Revenue:      Subscription~ ~ ~  ^ 'Professional services and other~ H~ ~  :?  Total revenue~ ><~ Z~  1  Gross profit~ b+~ Z~    Operating expenses: Sales and marketing~ D~ ~  '  Total operating expenses~ ~ ~  v  Loss before income taxes~ N@~ ~  R Net loss~ n<~ ~  O -%Net loss per share, basic and diluted\(\Q? ffffff $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>X 0{ocW%4$K<8}U=PF0*8X> @#                l  #  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 2}  $ #                                  Okta, Inc. 10-Q 06/08/2018-%Revenue from Contracts with Customers              As of January 31, 2018   As Reported   Adjustments   As Adjusted   (unaudited) Assets     Current assets: Deferred commissions~ ~ ~  n 1)Prepaid expenses and other current assets~ 6 ~  ~   Total current assets~ b@~  ~  ` ( Deferred commissions, noncurrent~ n~ b~  |  Total assets~ l~ ~  ~^  ,$Liabilities and stockholders? equity Current liabilities: Deferred revenue~ & ~ ~  "  !Total current liabilities~  ~ ~  x  $Deferred revenue, noncurrent~ J^~ F~  M Total liabilities~ p ~ B~  3  Accumulated deficit~ ro~ .~   "Total stockholders? equity~  ~ .~  *  2*Total liabilities and stockholders? equity~ l~ ~  ~^ D l{ocW0 hG/ir ! " $ ____________________________1!)Created by Morningstar Document Research.0"(http://documentresearch.morningstar.com/ (=PF0*8X> @b,"" !!                 l   p  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } I"} $       Okta, Inc. 10-Q 06/08/20186.4. Cash Equivalents and Short-Term Investments                  As of April 30, 2018   Amortized   Unrealized   Unrealized   Estimated  Cost  Gain  Loss   Fair Value         (unaudited)Cash equivalents:   Money market funds~ 2 $-  $-  ~  2Commercial paper~ қ -  -  ~  қ U.S. treasury securities~ . -  -  ~  .!Corporate debt securities~ Rm -~    ~  NmTotal cash equivalents~ ~  $-~    ~  z Short-term investments:    Commercial paper~ ީ $-  $-  ~  ީ U.S. treasury securities~ Q -~    ~  M!Corporate debt securities~ 2~ ~    ~  R$Total short-term investments~ {~ ~    ~  v Total~ j ~ ~    ~  N$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/Dl~rfZNbfr"tog =PF0*8X> @5                            l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } I"} $       Okta, Inc. 10-Q 06/08/20186.4. Cash Equivalents and Short-Term Investments                  As of January 31, 2018   Amortized   Unrealized   Unrealized   Estimated  Cost  Gain  Loss   Fair Value Cash equivalents:       Money market funds~ J $-  $-  ~  JTotal cash equivalents~ J $-  $-  ~  JShort-term investments:    Commercial paper~ * $-  $-  ~  * U.S. treasury securities~ " -~    ~  !Corporate debt securities~ x -~  R  ~  Fx$Total short-term investments~ >9 -~    ~  6 Total~   $-~    ~  ^ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/: ~rfZN`dIXFi=PF0*8X> @B(                      l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } y#} $       Okta, Inc. 10-Q 06/08/20186.4. Cash Equivalents and Short-Term Investments                  As of April 30, 2018  As of January 31, 2018   Amortized   Estimated   Amortized   Estimated  Cost   Fair Value  Cost   Fair Value         (unaudited)   Due within one year~ ~ ~    ~  ְ%Due between one to five years~ ~ R~    ~  B~ {~ v~  >9  ~  6   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4`~rfZN44!)=PF0*8X> @               l   z  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } -} $       Okta, Inc. 10-Q 06/08/2018JBAssets and Liabilities Measured at Fair Value on a Recurring Basis                  As of April 30, 2018  Level 1  Level 2  Level 3  Total           (unaudited)Assets:   Cash equivalents:   Money market funds~ 2 $-  $-  ~  2Commercial paper -~ қ  -  ~  қ U.S. treasury securities -~ .  -  ~  .!Corporate debt securities -~ Nm  -  ~  NmTotal cash equivalents~ 2~ J  $-  ~  z Short-term investments:    Commercial paper $-~ ީ  $-  ~  ީ U.S. treasury securities -~ M  -  ~  M!Corporate debt securities -~ R  -  ~  R$Total short-term investments -~ v  -  ~  v-%Total cash equivalents and short-term~ 2~   $-  ~  N investments$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/D1lj^RF:zNtQy){w!r=PF0*8X> @1                          l  1  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } -} $       Okta, Inc. 10-Q 06/08/2018JBAssets and Liabilities Measured at Fair Value on a Recurring Basis                  As of January 31, 2018  Level 1  Level 2  Level 3  Total Assets:        Cash equivalents:       Money market funds~ J $-  $-  ~  JTotal cash equivalents~ J $-  $-  ~  JShort-term investments:    Commercial paper $-~ *  $-  ~  * U.S. treasury securities -~   -  ~  !Corporate debt securities -~ Fx  -  ~  Fx$Total short-term investments -~ 6  -  ~  6-%Total cash equivalents and short-term~ J~ 6  $-  ~  ^  investments$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:I j^RF:zLkPSDpd<=PF0*8X> @"$                   l  >  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)Intangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } } $       Okta, Inc. 10-Q 06/08/2018>6Fair Value Measurements of Other Financial Instruments          As of April 30, 2018 . &Net Carrying Amount Before Unamortized   Estimated  Debt Issuance Costs   Fair Value     (unaudited) Convertible senior notes~ jR~ $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.vj^RF[WK?=PF0*8X> @Z       l  L  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } a/} $       Okta, Inc. 10-Q 06/08/2018Intangible Assets, net                  As of April 30, 2018  Gross  Accumulated Amortization   Write-offs  Net           (unaudited)/'Capitalized internal-use software costs~ ~ ڝ  $-  ~  Software licenses~ ~   -  ~  ~ $~   $-  ~  ^   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2g~rfzmn=PF0*8X> @            l  [  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netConvertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } a/} $       Okta, Inc. 10-Q 06/08/2018Intangible Assets, net                  As of January 31, 2018  Gross  Accumulated Amortization   Write-offs  Net/ 'Capitalized internal-use software costs~   ~ 2  ~ .  ~   Software licenses~   ~ J  ~ n  ~  &Purchased developed technology~ ~   -    -~ +~ ~    ~  Ʒ   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0~rfx/:=PF0*8X> @               l  cg  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } *} $       Okta, Inc. 10-Q 06/08/2018 Convertible Senior Notes     ) !Three Months Ended April 30, 2018   (unaudited)$ Contractual interest expense~ J + #Amortization of debt issuance costs~  %Amortization of debt discount~ 6% Total~ v*$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0|pd4M =PF0*8X> @J      l  t  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior Notes10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } $4} $       Okta, Inc. 10-Q 06/08/2018 Convertible Senior Notes      As of April 30, 2018   (unaudited) Liability component:   Principal~  -%Less: unamortized debt issuance costs~ and debt discountNet carrying amount~ B At Issuance (unaudited)Equity component: 2023 Notes~ jLess: issuance costs~ 3+Carrying amount of the equity component (1)~ *$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@rD|pd4?"b2wO=PF0*8X> @j     l  ʂ  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)Equity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } %} $       Okta, Inc. 10-Q 06/08/2018$10. Employee Incentive Plans         $ Three Months Ended April 30, ~  ~        (unaudited)Cost of revenue Subscription~ ~  'Professional services and other~  ~ V Research and development~ A~ 3Sales and marketing~ @~ %"General and administrative~ ^4~ n  Total~ ~ *$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:,xl`hECY=PF0*8X> @     l  ێ  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } $4} } $       Okta, Inc. 10-Q 06/08/2018Equity Incentive Plans     As of  April 30, 2018   (unaudited)3 +Stock options and unvested RSUs outstanding~ >9 1)Available for future stock option and RSU~ KbgrantsAvailable for ESPP~ ~ ^o $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4~rfB%<*t=PF0*8X> @2    l  k  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive PlansStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } U5} } $ } <} $                              Okta, Inc. 10-Q 06/08/2018 Stock Options                Number of   Weighted-   Weighted-   Aggregate  Options  Average  Average  Intrinsic Value     Exercise   Remaining  (in thousands)     Price   Contractual Term (Years)*"Outstanding as of January 31, 2018~ {Gz@ffffff@ ~  v! Granted~ R){GC@   Exercised~ i@  Canceled~ {Gz @  4,Outstanding as of April 30, 2018 (unaudited)~ h)\(!@@ ~  ~a/ As of April 30, 2018  *"Vested and exercisable (unaudited)~  6= ףp=@@ ~   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/: {oO@d'V, =PF0*8X> @            l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsRestricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } }  } $ } m       Okta, Inc. 10-Q 06/08/2018 Stock Options     $ Three Months Ended April 30, ~  ~        (unaudited)Expected volatility 40% 40% - 41% Expected term (in years)@ 6.0 - 6.4Risk-free interest rate 2.70% 2.06% - 2.21%Expected dividend yield - -$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/29{o? 5<0$=PF0*8X> @*   l  8  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } U5} y} $       Okta, Inc. 10-Q 06/08/2018Restricted Stock Units          Number of   Weighted-  RSUs  Average    ' Grant Date Fair Value Per Share    *"Outstanding as of January 31, 2018~ FzGa8@Granted~ +\(C@Vested~ h~ F Forfeited~ = ףp8@4,Outstanding as of April 30, 2018 (unaudited)~ ;@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4o~rf: A=PF0*8X> @j       l  z  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 1} $       Okta, Inc. 10-Q 06/08/201812. Net Loss Per Share                 $ Three Months Ended April 30, ~  ~   Class A  Class B  Class A  Class B         (unaudited) Numerator:    Net loss (1)~ ~ ~  2  ~  r Denominator:   +#Weighted-average shares outstanding~ ~ ^z~  n3  ~  2:- basic and diluted1)Net loss per share attributable to commonпп ffffff   ffffff( stockholders, basic and diluted:   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<K ~rfr>b?1 vN=PF0*8X> @             l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per ShareResults of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } a/} U} $ } U} $       Okta, Inc. 10-Q 06/08/201812. Net Loss Per Share        As of April 30, ~  ~        (unaudited)/'Unvested restricted common stock issued~ B~  and outstanding,$Stock options issued and outstanding~ Nb~ N,$Unvested RSUs issued and outstanding~ 5~ /'Unvested restricted stock awards issued~ ~ ^ and outstanding'Shares committed under the ESPP~ ~ B-%Unvested shares subject to repurchase~ .~ ~ ~ 2@$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<~rfprt L@4 =PF0*8X> @:     l  (3  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 1} $ (      Okta, Inc. 10-Q 06/08/2018Results of Operations         $ Three Months Ended April 30, ~  ~       As Adjusted (1)    (in thousands)Revenue: Subscription~ ~ ^'Professional services and other~ i~ :? Total revenue~ ~ 1Cost of revenue:Subscription (2)~ 2~ V+#Professional services and other (2)~ ~y~ bTotal cost of revenue~ x~  Gross profit~ ~  Operating expenses:$Research and development (2)~ f7~ Sales and marketing (2)~ V~ '&General and administrative (2)~ z~ ޵ Total operating expenses~ 2(~ vOperating loss~ y~ FSOther expense, net~ ~ 0(Loss before provision for (benefit from)~ f~ RD lsgHbF{g2t !"#$%&'  income taxes1!)Provision for (benefit from) income taxes~ !f!!~ !!"Net loss~ "Zj""~ "O"#$$%____________________________1&)Created by Morningstar Document Research.0'(http://documentresearch.morningstar.com/*s=PF0*8X> @B(''&&%%""""!!!!     l  A  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } a/} $       Okta, Inc. 10-Q 06/08/2018Results of Operations         $ Three Months Ended April 30, ~  ~       (in thousands)$Cost of subscription revenue~ ~  /'Cost of professional services and other~  ~ Vrevenue Research and development~ A~ 3Sales and marketing~ @~ %"General and administrative~ ^4~ n .&Total stock-based compensation expense~ ~ *$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8sgoIn[2=PF0*8X> @     l  &U  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 1} $} $} $ } $} $ &      Okta, Inc. 10-Q 06/08/2018Results of Operations       $ Three Months Ended April 30, ~  ~      As Adjusted (1) Revenue    Subscription~ r %~ r %'Professional services and other~ "~ " Total revenue~ ~ Cost of revenue Subscription~ R~ V'Professional services and other~ &~ 2Total cost of revenue~ v~  Gross profit~ ~ Operating expenses Research and development~ b~ vSales and marketing~ ~ "General and administrative~ J~ Z Total operating expenses~ ~ Operating loss~ ~ 2Other expense, net~  -0(Loss before provision for (benefit from)~ ~ 2 income taxes1)Provision for (benefit from) income taxes - -D lsgl5p\W3b !"#$% Net loss~  % ~ 2 %!"$#____________________________1$)Created by Morningstar Document Research.0%(http://documentresearch.morningstar.com/wdj=PF0*8X> @:%%$$##     l  !  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2)!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } %} $ } $} $ } $}  $ } $} $       Okta, Inc. 10-Q 06/08/2018Revenue                $ Three Months Ended April 30,   ~  ~   $ Change  % Change          (dollars in thousands)Revenue:    Subscription~ ~ ^~  J  ~   %'Professional services and other~ i~ :?~  *  ~   Total revenue~ ~ 1~    ~     Percentage of revenue:     Subscription~ r %~ r %    'Professional services and other~ "~ "     Total~  %~  %    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/< uus f n =PF0*8X> @        l  55  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } %} $ } $} $ } $}  $ } $} $       Okta, Inc. 10-Q 06/08/20186.Cost of Revenue, Gross Profit and Gross Margin                $ Three Months Ended April 30,   ~  ~   $ Change  % Change          (dollars in thousands)Cost of revenue:    Subscription~ 2~ V~  P  ~   %'Professional services and other~ ~y~ b~    ~  ^Total cost of revenue~ x~ ~  g  ~   Gross profit~ ~  ~  2  ~      Gross margin:     Subscription~ > %~ 6 %    'Professional services and other~ ~ "    Total gross margin~ ~     $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/> 0~rfZNNzL7/>C7+=PF0*8X> @         l  LC  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit anSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } } $ } $} $ } $}  $ } $} $       Okta, Inc. 10-Q 06/08/2018)!Research and Development Expenses                $ Three Months Ended April 30,   ~  ~   $ Change  % Change          (dollars in thousands) Research and development~ f7~ ~  jG  ~  z %Percentage of revenue~ b %~ v %    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.Psg[[Y=PF0*8X> @r      l  P  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development Expens!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } } $ } $} $ } $}  $ } $} $       Okta, Inc. 10-Q 06/08/2018$Sales and Marketing Expenses                $ Three Months Ended April 30,   ~  ~   $ Change  % Change          (dollars in thousands)Sales and marketing~ V~ '~    ~   %Percentage of revenue~  %~  %    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.Fxl``^=PF0*8X> @r      l  ^  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing ExpensesOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } } $ } $} $ } $}  $ } $} $       Okta, Inc. 10-Q 06/08/2018+#General and Administrative Expenses                $ Three Months Ended April 30,   ~  ~   $ Change  % Change          (dollars in thousands)"General and administrative~ z~ ޵~  5  ~  v %Percentage of revenue~ J %~ Z %    $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.T}qeYYW=PF0*8X> @r      l  j  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } a}  $ } y       Okta, Inc. 10-Q 06/08/2018Other Expense, Net               $ Three Months Ended April 30,   ~  ~   $ Change  % Change          (dollars in thousands)Other expense, net~ ~ ~  R    N/A$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,d|vjvt=PF0*8X> @Z         l  v  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } U5} U} $} $ } U} $       Okta, Inc. 10-Q 06/08/2018Key Business Metrics        As of April 30, ~  ~     2 *Customers with Annual Contract Value (ACV)~    ~  above $100,0004,Dollar-Based Retention Rate for the trailing~  %~  %12 months ended$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.th pd<=PF0*8X> @2    l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business Metrics!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } } $       Okta, Inc. 10-Q 06/08/2018Key Business Metrics         $ Three Months Ended April 30, ~  ~       (in thousands)Calculated Billings~ ~ b$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,N|thpJ=PF0*8X> @J      l  ې  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 1} $ } $} $ } $       Okta, Inc. 10-Q 06/08/20187/Non-GAAP Gross Profit and Non-GAAP Gross Margin         $ Three Months Ended April 30, ~  ~       As Adjusted (1)    (dollars in thousands) Gross profit~ ~   Add:1)Stock-based compensation expense included~ %~ in cost of revenue,$Amortization of acquired intangibles -~ Non-GAAP gross profit~ ~ 2 Gross margin~  %~  %Non-GAAP gross margin~ * %~  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0}qeYM.xDBW=PF0*8X> @     l     dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAAFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } +} $ } $} $ } $       Okta, Inc. 10-Q 06/08/2018=5Non-GAAP Operating Loss and Non-GAAP Operating Margin         $ Three Months Ended April 30, ~  ~       As Adjusted (1)    (dollars in thousands)Operating loss~ y~ FS Add:( Stock-based compensation expense~ ~ *,$Amortization of acquired intangibles -~ Non-GAAP operating loss~ V~ ~Operating margin~  %~ 2 %!Non-GAAP operating margin~  %~ v %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/<wk_SG(p @     l  4  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGCalculated BillingsCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 1} $       Okta, Inc. 10-Q 06/08/2018Free Cash Flow         $ Three Months Ended April 30, ~  ~       (in thousands)0(Net cash provided by (used in) operating~ >~ h activities Less:+#Purchases of property and equipment~ ~ /'Capitalization of internal-use software~ ~ " costsFree Cash Flow~ ~ /0(Net cash provided by (used in) investing~ j~ f activities1)Net cash provided by financing activities~ V~ 6 $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@DznvP"D =PF0*8X> @     l  w  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCash Flows (1)!Obligations and Other CommitmenIndex to ExhibitsU } 2} $       Okta, Inc. 10-Q 06/08/2018Calculated Billings         $ Three Months Ended April 30, ~  ~       As Adjusted (1)    (in thousands) Total revenue~ ~ 1 Add:( Deferred revenue (end of period)~  ~ & 2*Unbilled receivables (beginning of period)~  ~  Less:,$Unbilled receivables (end of period)~ ~ f.&Deferred revenue (beginning of period)~ V~ BvCalculated billings~ ~ b$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0ui JgPn=PF0*8X> @     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated Billings!Obligations and Other CommitmenIndex to ExhibitsU } $4} $       Okta, Inc. 10-Q 06/08/2018 Cash Flows         $ Three Months Ended April 30, ~  ~       (in thousands)0(Net cash provided by (used in) operating~ >~ h activities0(Net cash provided by (used in) investing~ j~ f activities1)Net cash provided by financing activities~ V~ 6 .&Effects of changes in foreign currency~ ~ 3+exchange rates on cash and cash equivalents.&Net increase in cash, cash equivalents~ !~  and restricted cash$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:(~rzTV@Y"]=PF0*8X> @     l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)Index to ExhibitsU } %} $       Okta, Inc. 10-Q 06/08/2018)!Obligations and Other Commitments                      Payments Due by Period  Less  1 to 3  3 to 5   More Than  Total  Than 1  Years  Years  5 Years  Year(in thousands)$Convertible senior notes (1) $- $-~      $-~ 'Operating lease obligations (2)~ 2~ ~  f  ~  6q~ Other obligations (3)~ >~ ~  n    -~ %Total contractual obligations~ n~ ~    ~  6q~ Fd&$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4sg[k=07e~rJ=PF0*8X> @#                  l  80  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??+ Okta Inc!Registrant s telephone number iTable of Contents Balance SheetIncome StatementIncome Statement (1) Cash Flows!Revenue from Contracts with Cus!Revenue from Contracts with (1)!4 Cash Equivalents and ShortTer!4 Cash Equivalents and Shor (1)!4 Cash Equivalents and Shor (2)!Assets and Liabilities Measured!Assets and Liabilities Meas (1)!Fair Value Measurements of OtheIntangible Assets netIntangible Assets net (1)Convertible Senior NotesConvertible Senior Notes (1)10 Employee Incentive PlansEquity Incentive Plans Stock OptionsStock Options (1)Restricted Stock Units12 Net Loss Per Share12 Net Loss Per Share (1)Results of OperationsResults of Operations (1)Results of Operations (2) Revenue!Cost of Revenue Gross Profit an!Research and Development ExpensSales and Marketing Expenses!General and Administrative ExpeOther Expense NetKey Business MetricsKey Business Metrics (1)!NonGAAP Gross Profit and NonGAA!NonGAAP Operating Loss and NonGFree Cash FlowCalculated BillingsCash Flows (1)!Obligations and Other CommitmenU } I } $ } y<} $ 8                                  Okta, Inc. 10-Q 06/08/2018Index to Exhibits          Exhibit   & Incorporated by Reference from Number    Form      Exhibit Description@:2Amended and Restated Certificate of Incorporation.2*Exhibit 3.2 to Form S-1 filed on March 13,~  @$Amended and Restated Bylaws.2*Exhibit 3.4 to Form S-1 filed on March 13,~ ffffff@1)Form of Class A Common Stock Certificate.2*Exhibit 4.1 to Form S-1 filed on March 13,~ @1)Indenture, dated as of February 27, 2018,2*Exhibit 4.1 to Form 8-K filed February 27,1)by and between Okta, Inc., and Wilmington~ 0(Trust, National Association, as trustee.333333@.&Form of 0.25% Convertible Senior Notes2*Exhibit 4.2 to Form 8-K filed February 27,+#due 2023 (included in Exhibit 4.2).~ 333333$@5-Form of Call Option Transaction Confirmation./'Exhibit 10.1 to Form 8-K filed February27, 2018ffffff$@%Form of Warrant Confirmation./'Exhibit 10.2 to Form 8-K filed February27, 2018?@4,Certification of the Chief Executive OfficerFiled herewith4,pursuant to Exchange Act Rules 13a-14(a) and5-15d-14(a), as adopted pursuant to Section 302D lwkX4_![@Ms- ! " # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7   * "of the Sarbanes-Oxley Act of 2002.!333333?@!4!,Certification of the Chief Financial Officer!!Filed herewith""4",pursuant to Exchange Act Rules 13a-14(a) and##5#-15d-14(a), as adopted pursuant to Section 302$$*$"of the Sarbanes-Oxley Act of 2002. %32.1*%4%,Certification of the Chief Executive Officer%%Furnished herewith&&/&'and Chief Financial Officer pursuant to''3'+18 U.S.C. Section 1350, as adopted pursuant((0((to Section 906 of the Sarbanes-Oxley Act)))of 2002.*101.INS**XBRL Instance Document**Filed herewith+101.SCH+/+'XBRL Taxonomy Extension Schema Document++Filed herewith,101.CAL,4,,XBRL Taxonomy Extension Calculation Linkbase,,Filed herewith---Document.101.DEF.3.+XBRL Taxonomy Extension Definition Linkbase..Filed herewith///Document0101.LAB0.0&XBRL Taxonomy Extension Label Linkbase00Filed herewith111Document2101.PRE2,2$XBRL Taxonomy Extension Presentation22Filed herewith333Linkbase Document4$5____________________________16)Created by Morningstar Document Research.07(http://documentresearch.morningstar.com/44 >W>_j>~I==PF0*8X> @7766552200..,,++**%%!!   Root Entry FBook    !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}