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Side-by-side financial comparison of Krispy Kreme, Inc. (DNUT) and Okta, Inc. (OKTA). Click either name above to swap in a different company.

Okta, Inc. is the larger business by last-quarter revenue ($742.0M vs $392.4M, roughly 1.9× Krispy Kreme, Inc.). Okta, Inc. runs the higher net margin — 5.8% vs -7.1%, a 12.9% gap on every dollar of revenue. On growth, Okta, Inc. posted the faster year-over-year revenue change (11.6% vs -2.9%). Okta, Inc. produced more free cash flow last quarter ($214.0M vs $27.9M). Over the past eight quarters, Okta, Inc.'s revenue compounded faster (10.7% CAGR vs -5.9%).

Krispy Kreme, Inc. is an American multinational doughnut company and coffeehouse chain. Krispy Kreme was founded by Vernon Rudolph (1915–1973), who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores. Steady growth preceded an ambitious expansion as a public company in the period 2000 to 2016, which ultimately proved unprofitable. In 2016, the company retur...

Okta, Inc. is an American identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, websites, web services, and devices. It was founded in 2009 and had its initial public offering in 2017, reaching a valuation of over $6 billion.

DNUT vs OKTA — Head-to-Head

Bigger by revenue
OKTA
OKTA
1.9× larger
OKTA
$742.0M
$392.4M
DNUT
Growing faster (revenue YoY)
OKTA
OKTA
+14.5% gap
OKTA
11.6%
-2.9%
DNUT
Higher net margin
OKTA
OKTA
12.9% more per $
OKTA
5.8%
-7.1%
DNUT
More free cash flow
OKTA
OKTA
$186.1M more FCF
OKTA
$214.0M
$27.9M
DNUT
Faster 2-yr revenue CAGR
OKTA
OKTA
Annualised
OKTA
10.7%
-5.9%
DNUT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DNUT
DNUT
OKTA
OKTA
Revenue
$392.4M
$742.0M
Net Profit
$-27.8M
$43.0M
Gross Margin
77.1%
Operating Margin
-1.9%
3.1%
Net Margin
-7.1%
5.8%
Revenue YoY
-2.9%
11.6%
Net Profit YoY
-23.8%
168.8%
EPS (diluted)
$-0.18
$0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DNUT
DNUT
OKTA
OKTA
Q4 25
$392.4M
$742.0M
Q3 25
$375.3M
$728.0M
Q2 25
$379.8M
$688.0M
Q1 25
$375.2M
$682.0M
Q4 24
$404.0M
$665.0M
Q3 24
$379.9M
$646.0M
Q2 24
$438.8M
$617.0M
Q1 24
$442.7M
$605.0M
Net Profit
DNUT
DNUT
OKTA
OKTA
Q4 25
$-27.8M
$43.0M
Q3 25
$-19.4M
$67.0M
Q2 25
$-435.3M
$62.0M
Q1 25
$-33.3M
$23.0M
Q4 24
$-22.4M
$16.0M
Q3 24
$39.6M
$29.0M
Q2 24
$-5.5M
$-40.0M
Q1 24
$-8.5M
$-44.0M
Gross Margin
DNUT
DNUT
OKTA
OKTA
Q4 25
77.1%
Q3 25
76.9%
Q2 25
77.5%
Q1 25
76.8%
Q4 24
76.4%
Q3 24
76.0%
Q2 24
76.0%
Q1 24
76.0%
Operating Margin
DNUT
DNUT
OKTA
OKTA
Q4 25
-1.9%
3.1%
Q3 25
-1.9%
5.6%
Q2 25
-114.4%
5.7%
Q1 25
-5.4%
1.2%
Q4 24
-2.8%
-2.4%
Q3 24
-4.2%
-2.9%
Q2 24
1.6%
-7.6%
Q1 24
2.7%
-13.7%
Net Margin
DNUT
DNUT
OKTA
OKTA
Q4 25
-7.1%
5.8%
Q3 25
-5.2%
9.2%
Q2 25
-114.6%
9.0%
Q1 25
-8.9%
3.4%
Q4 24
-5.6%
2.4%
Q3 24
10.4%
4.5%
Q2 24
-1.3%
-6.5%
Q1 24
-1.9%
-7.3%
EPS (diluted)
DNUT
DNUT
OKTA
OKTA
Q4 25
$-0.18
$0.24
Q3 25
$-0.11
$0.37
Q2 25
$-2.55
$0.35
Q1 25
$-0.20
$0.15
Q4 24
$-0.13
$0.00
Q3 24
$0.23
$0.15
Q2 24
$-0.03
$-0.24
Q1 24
$-0.05
$-0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DNUT
DNUT
OKTA
OKTA
Cash + ST InvestmentsLiquidity on hand
$42.4M
$2.5B
Total DebtLower is stronger
$911.9M
Stockholders' EquityBook value
$650.1M
$6.9B
Total Assets
$2.6B
$9.2B
Debt / EquityLower = less leverage
1.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNUT
DNUT
OKTA
OKTA
Q4 25
$42.4M
$2.5B
Q3 25
$30.7M
$2.9B
Q2 25
$21.3M
$2.7B
Q1 25
$18.7M
$2.5B
Q4 24
$29.0M
$2.2B
Q3 24
$25.4M
$2.4B
Q2 24
$28.6M
$2.3B
Q1 24
$33.1M
$2.2B
Total Debt
DNUT
DNUT
OKTA
OKTA
Q4 25
$911.9M
Q3 25
$906.2M
Q2 25
$889.4M
Q1 25
$935.0M
Q4 24
$844.5M
Q3 24
$804.6M
Q2 24
$895.0M
Q1 24
$881.8M
Stockholders' Equity
DNUT
DNUT
OKTA
OKTA
Q4 25
$650.1M
$6.9B
Q3 25
$670.3M
$6.8B
Q2 25
$693.6M
$6.6B
Q1 25
$1.1B
$6.4B
Q4 24
$1.1B
$6.3B
Q3 24
$1.2B
$6.1B
Q2 24
$1.1B
$6.0B
Q1 24
$1.2B
$5.9B
Total Assets
DNUT
DNUT
OKTA
OKTA
Q4 25
$2.6B
$9.2B
Q3 25
$2.6B
$9.6B
Q2 25
$2.6B
$9.4B
Q1 25
$3.1B
$9.4B
Q4 24
$3.1B
$9.0B
Q3 24
$3.1B
$9.1B
Q2 24
$3.2B
$9.0B
Q1 24
$3.2B
$9.0B
Debt / Equity
DNUT
DNUT
OKTA
OKTA
Q4 25
1.40×
Q3 25
1.35×
Q2 25
1.28×
Q1 25
0.85×
Q4 24
0.74×
Q3 24
0.68×
Q2 24
0.79×
Q1 24
0.76×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DNUT
DNUT
OKTA
OKTA
Operating Cash FlowLast quarter
$45.0M
$218.0M
Free Cash FlowOCF − Capex
$27.9M
$214.0M
FCF MarginFCF / Revenue
7.1%
28.8%
Capex IntensityCapex / Revenue
4.4%
0.5%
Cash ConversionOCF / Net Profit
5.07×
TTM Free Cash FlowTrailing 4 quarters
$-64.0M
$904.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNUT
DNUT
OKTA
OKTA
Q4 25
$45.0M
$218.0M
Q3 25
$42.3M
$167.0M
Q2 25
$-32.5M
$241.0M
Q1 25
$-20.8M
$286.0M
Q4 24
$27.0M
$159.0M
Q3 24
$3.3M
$86.0M
Q2 24
$33.2M
$219.0M
Q1 24
$-17.7M
$174.0M
Free Cash Flow
DNUT
DNUT
OKTA
OKTA
Q4 25
$27.9M
$214.0M
Q3 25
$15.5M
$165.0M
Q2 25
$-60.8M
$240.0M
Q1 25
$-46.7M
$285.0M
Q4 24
$-6.9M
$158.0M
Q3 24
$-22.9M
$81.0M
Q2 24
$1.6M
$218.0M
Q1 24
$-46.8M
$171.0M
FCF Margin
DNUT
DNUT
OKTA
OKTA
Q4 25
7.1%
28.8%
Q3 25
4.1%
22.7%
Q2 25
-16.0%
34.9%
Q1 25
-12.5%
41.8%
Q4 24
-1.7%
23.8%
Q3 24
-6.0%
12.5%
Q2 24
0.4%
35.3%
Q1 24
-10.6%
28.3%
Capex Intensity
DNUT
DNUT
OKTA
OKTA
Q4 25
4.4%
0.5%
Q3 25
7.1%
0.3%
Q2 25
7.4%
0.1%
Q1 25
6.9%
0.1%
Q4 24
8.4%
0.2%
Q3 24
6.9%
0.8%
Q2 24
7.2%
0.2%
Q1 24
6.6%
0.5%
Cash Conversion
DNUT
DNUT
OKTA
OKTA
Q4 25
5.07×
Q3 25
2.49×
Q2 25
3.89×
Q1 25
12.43×
Q4 24
9.94×
Q3 24
0.08×
2.97×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DNUT
DNUT

Segment breakdown not available.

OKTA
OKTA

Subscription And Circulation$724.0M98%
Technology Service$18.0M2%

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