Okta

Certain of these non-GAAP financial measures exclude stock-based compensation, non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, restructuring costs related to severance and termination benefits and lease impairments in connection with the closing of certain leased facilities, certain non-ordinary course legal settlements and related expenses, amortization of debt issuance costs and gain on early extinguishment of debt.

SEC original ↗Okta — Earnings release (8-K exhibit)EX-99Aug 26, 2025

We also exclude non-cash charitable contributions, amortization of acquired intangibles, acquisition and integration-related expenses, restructuring costs related to severance and termination benefits and lease impairments in connection with the closing of certain leased facilities, certain non-ordinary course legal settlements and related expenses, amortization of debt issuance costs and gain on early extinguishment of debt from the applicable non-GAAP financial measures because these adjustments are considered by management to be outside of our core operating results.

SEC original ↗Okta — Earnings release (8-K exhibit)EX-99Aug 26, 2025

We believe information regarding free cash flow provides investors and others with an important perspective on the cash available to make strategic acquisitions and investments, to fund ongoing operations, and to fund other capital expenditures.

SEC original ↗Okta — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Free cash flow can be volatile and is sensitive to many factors, including changes in working capital and timing of capital expenditures.

SEC original ↗Okta — Earnings release (8-K exhibit)EX-99Aug 26, 2025

government securities (Level 2) 1,399 1,459 Corporate debt securities (Level 2) 117 180 Certificates of deposit (Level 2) 20 56 Total short-term investments 1,536 1,695 Total $ 2,066 $ 2,365 11 OKTA, INC.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026

For available-for-sale debt securities that have unrealized losses, there were no material credit or non-credit- related impairments for short-term investments as of July 31, 2026 and January 31, 2026.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026

The non-GAAP tax rate could be subject to change for a variety of reasons, including changes in tax laws and regulations, significant changes in our geographic earnings mix, or other changes to our strategy or business operations.

SEC original ↗Okta — Earnings release (8-K exhibit)EX-99Aug 26, 2025

We believe information regarding free cash flow provides investors and others with an important perspective on the cash available to make strategic acquisitions and investments, to fund ongoing operations, and to fund other capital expenditures.

SEC original ↗Okta — Earnings release (8-K exhibit)EX-99Aug 26, 2025

4 Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, opportunities and positioning.

SEC original ↗Okta — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Developers leverage the Okta Platform and Auth0 Platform to securely and efficiently embed identity for both human users and, increasingly, artificial intelligence ( AI ) agents into the software they build, allowing them to innovate and focus on their core mission.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026

The CODM utilizes consolidated GAAP and non-GAAP measures of profit and loss to evaluate the Company s overall performance and inform resource allocation to support strategic priorities and capital allocation needs.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control.

SEC original ↗Okta — Earnings release (8-K exhibit)EX-99Aug 26, 2025

Legal Proceedings 34 Item 1A.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026

These forward-looking statements are made as of the date they were first issued and are based on current expectations and assumptions that are subject to a number of risks and uncertainties, which could cause our actual results to differ materially from those anticipated or implied by any forward-looking statements.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026

Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited) uncertain tax positions, assets and liabilities acquired in business combinations and loss contingencies related to litigation.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026

The guidance removes all references to software development stages and introduces the concept of significant development uncertainty, which if present, prevents capitalization.

SEC original ↗Okta — 10-Q Quarterly report10-QAug 27, 2026