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

Primerica, Inc. is the larger business by last-quarter revenue ($872.7M vs $742.0M, roughly 1.2× Okta, Inc.). Primerica, Inc. runs the higher net margin — 21.8% vs 5.8%, a 16.0% gap on every dollar of revenue. On growth, Okta, Inc. posted the faster year-over-year revenue change (11.6% vs 8.4%). Over the past eight quarters, Okta, Inc.'s revenue compounded faster (10.7% CAGR vs 4.2%).

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.

Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.

OKTA vs PRI — Head-to-Head

Bigger by revenue
PRI
PRI
1.2× larger
PRI
$872.7M
$742.0M
OKTA
Growing faster (revenue YoY)
OKTA
OKTA
+3.1% gap
OKTA
11.6%
8.4%
PRI
Higher net margin
PRI
PRI
16.0% more per $
PRI
21.8%
5.8%
OKTA
Faster 2-yr revenue CAGR
OKTA
OKTA
Annualised
OKTA
10.7%
4.2%
PRI

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
OKTA
OKTA
PRI
PRI
Revenue
$742.0M
$872.7M
Net Profit
$43.0M
$190.1M
Gross Margin
77.1%
Operating Margin
3.1%
Net Margin
5.8%
21.8%
Revenue YoY
11.6%
8.4%
Net Profit YoY
168.8%
12.4%
EPS (diluted)
$0.24
$5.97

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
OKTA
OKTA
PRI
PRI
Q1 26
$872.7M
Q4 25
$742.0M
$853.7M
Q3 25
$728.0M
$839.9M
Q2 25
$688.0M
$793.3M
Q1 25
$682.0M
$804.8M
Q4 24
$665.0M
$768.8M
Q3 24
$646.0M
$774.1M
Q2 24
$617.0M
$803.4M
Net Profit
OKTA
OKTA
PRI
PRI
Q1 26
$190.1M
Q4 25
$43.0M
$197.0M
Q3 25
$67.0M
$206.8M
Q2 25
$62.0M
$178.3M
Q1 25
$23.0M
$169.1M
Q4 24
$16.0M
$167.1M
Q3 24
$29.0M
$164.4M
Q2 24
$-40.0M
$1.2M
Gross Margin
OKTA
OKTA
PRI
PRI
Q1 26
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%
98.0%
Operating Margin
OKTA
OKTA
PRI
PRI
Q1 26
Q4 25
3.1%
28.9%
Q3 25
5.6%
32.3%
Q2 25
5.7%
29.6%
Q1 25
1.2%
27.5%
Q4 24
-2.4%
64.7%
Q3 24
-2.9%
32.9%
Q2 24
-7.6%
1.0%
Net Margin
OKTA
OKTA
PRI
PRI
Q1 26
21.8%
Q4 25
5.8%
23.1%
Q3 25
9.2%
24.6%
Q2 25
9.0%
22.5%
Q1 25
3.4%
21.0%
Q4 24
2.4%
21.7%
Q3 24
4.5%
21.2%
Q2 24
-6.5%
0.1%
EPS (diluted)
OKTA
OKTA
PRI
PRI
Q1 26
$5.97
Q4 25
$0.24
$6.11
Q3 25
$0.37
$6.35
Q2 25
$0.35
$5.40
Q1 25
$0.15
$5.05
Q4 24
$0.00
$4.92
Q3 24
$0.15
$4.83
Q2 24
$-0.24
$0.03

Balance Sheet & Financial Strength

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

Metric
OKTA
OKTA
PRI
PRI
Cash + ST InvestmentsLiquidity on hand
$2.5B
$645.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.9B
$2.5B
Total Assets
$9.2B
$14.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OKTA
OKTA
PRI
PRI
Q1 26
$645.8M
Q4 25
$2.5B
$756.2M
Q3 25
$2.9B
$644.9M
Q2 25
$2.7B
$621.2M
Q1 25
$2.5B
$625.1M
Q4 24
$2.2B
$687.8M
Q3 24
$2.4B
$550.1M
Q2 24
$2.3B
$627.3M
Stockholders' Equity
OKTA
OKTA
PRI
PRI
Q1 26
$2.5B
Q4 25
$6.9B
$2.4B
Q3 25
$6.8B
$2.3B
Q2 25
$6.6B
$2.3B
Q1 25
$6.4B
$2.3B
Q4 24
$6.3B
$2.3B
Q3 24
$6.1B
$1.9B
Q2 24
$6.0B
$2.1B
Total Assets
OKTA
OKTA
PRI
PRI
Q1 26
$14.7B
Q4 25
$9.2B
$15.0B
Q3 25
$9.6B
$14.8B
Q2 25
$9.4B
$14.8B
Q1 25
$9.4B
$14.6B
Q4 24
$9.0B
$14.6B
Q3 24
$9.1B
$14.8B
Q2 24
$9.0B
$14.6B

Cash Flow & Capital Efficiency

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

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OKTA
OKTA
PRI
PRI
Q1 26
Q4 25
$218.0M
$338.2M
Q3 25
$167.0M
$202.9M
Q2 25
$241.0M
$162.6M
Q1 25
$286.0M
$197.5M
Q4 24
$159.0M
$270.6M
Q3 24
$86.0M
$207.3M
Q2 24
$219.0M
$173.3M
Free Cash Flow
OKTA
OKTA
PRI
PRI
Q1 26
Q4 25
$214.0M
Q3 25
$165.0M
Q2 25
$240.0M
Q1 25
$285.0M
Q4 24
$158.0M
Q3 24
$81.0M
Q2 24
$218.0M
FCF Margin
OKTA
OKTA
PRI
PRI
Q1 26
Q4 25
28.8%
Q3 25
22.7%
Q2 25
34.9%
Q1 25
41.8%
Q4 24
23.8%
Q3 24
12.5%
Q2 24
35.3%
Capex Intensity
OKTA
OKTA
PRI
PRI
Q1 26
Q4 25
0.5%
Q3 25
0.3%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.2%
Q3 24
0.8%
Q2 24
0.2%
Cash Conversion
OKTA
OKTA
PRI
PRI
Q1 26
Q4 25
5.07×
1.72×
Q3 25
2.49×
0.98×
Q2 25
3.89×
0.91×
Q1 25
12.43×
1.17×
Q4 24
9.94×
1.62×
Q3 24
2.97×
1.26×
Q2 24
147.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OKTA
OKTA

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

PRI
PRI

Segment breakdown not available.

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