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

Okta, Inc. is the larger business by last-quarter revenue ($742.0M vs $661.7M, roughly 1.1× SouthState Bank Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs 5.8%, a 28.3% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs 10.7%).

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.

SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.

OKTA vs SSB — Head-to-Head

Bigger by revenue
OKTA
OKTA
1.1× larger
OKTA
$742.0M
$661.7M
SSB
Higher net margin
SSB
SSB
28.3% more per $
SSB
34.1%
5.8%
OKTA
Faster 2-yr revenue CAGR
SSB
SSB
Annualised
SSB
37.4%
10.7%
OKTA

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
OKTA
OKTA
SSB
SSB
Revenue
$742.0M
$661.7M
Net Profit
$43.0M
$225.8M
Gross Margin
77.1%
Operating Margin
3.1%
15.1%
Net Margin
5.8%
34.1%
Revenue YoY
11.6%
Net Profit YoY
168.8%
153.5%
EPS (diluted)
$0.24
$2.28

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
SSB
SSB
Q1 26
$661.7M
Q4 25
$742.0M
$581.1M
Q3 25
$728.0M
$599.7M
Q2 25
$688.0M
$577.9M
Q1 25
$682.0M
$544.5M
Q4 24
$665.0M
$369.8M
Q3 24
$646.0M
$351.5M
Q2 24
$617.0M
$350.3M
Net Profit
OKTA
OKTA
SSB
SSB
Q1 26
$225.8M
Q4 25
$43.0M
$247.7M
Q3 25
$67.0M
$246.6M
Q2 25
$62.0M
$215.2M
Q1 25
$23.0M
$89.1M
Q4 24
$16.0M
$144.2M
Q3 24
$29.0M
$143.2M
Q2 24
$-40.0M
$132.4M
Gross Margin
OKTA
OKTA
SSB
SSB
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%
Operating Margin
OKTA
OKTA
SSB
SSB
Q1 26
15.1%
Q4 25
3.1%
54.3%
Q3 25
5.6%
53.6%
Q2 25
5.7%
48.8%
Q1 25
1.2%
22.3%
Q4 24
-2.4%
50.7%
Q3 24
-2.9%
53.1%
Q2 24
-7.6%
49.3%
Net Margin
OKTA
OKTA
SSB
SSB
Q1 26
34.1%
Q4 25
5.8%
42.6%
Q3 25
9.2%
41.1%
Q2 25
9.0%
37.2%
Q1 25
3.4%
16.4%
Q4 24
2.4%
39.0%
Q3 24
4.5%
40.7%
Q2 24
-6.5%
37.8%
EPS (diluted)
OKTA
OKTA
SSB
SSB
Q1 26
$2.28
Q4 25
$0.24
$2.47
Q3 25
$0.37
$2.42
Q2 25
$0.35
$2.11
Q1 25
$0.15
$0.87
Q4 24
$0.00
$1.88
Q3 24
$0.15
$1.86
Q2 24
$-0.24
$1.73

Balance Sheet & Financial Strength

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

Metric
OKTA
OKTA
SSB
SSB
Cash + ST InvestmentsLiquidity on hand
$2.5B
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$6.9B
$9.0B
Total Assets
$9.2B
$68.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OKTA
OKTA
SSB
SSB
Q1 26
$2.9B
Q4 25
$2.5B
Q3 25
$2.9B
Q2 25
$2.7B
Q1 25
$2.5B
Q4 24
$2.2B
Q3 24
$2.4B
Q2 24
$2.3B
Stockholders' Equity
OKTA
OKTA
SSB
SSB
Q1 26
$9.0B
Q4 25
$6.9B
$9.1B
Q3 25
$6.8B
$9.0B
Q2 25
$6.6B
$8.8B
Q1 25
$6.4B
$8.6B
Q4 24
$6.3B
$5.9B
Q3 24
$6.1B
$5.9B
Q2 24
$6.0B
$5.7B
Total Assets
OKTA
OKTA
SSB
SSB
Q1 26
$68.0B
Q4 25
$9.2B
$67.2B
Q3 25
$9.6B
$66.0B
Q2 25
$9.4B
$65.9B
Q1 25
$9.4B
$65.1B
Q4 24
$9.0B
$46.4B
Q3 24
$9.1B
$46.1B
Q2 24
$9.0B
$45.5B

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
SSB
SSB
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
SSB
SSB
Q1 26
Q4 25
$218.0M
$232.1M
Q3 25
$167.0M
$122.4M
Q2 25
$241.0M
$72.6M
Q1 25
$286.0M
$-126.3M
Q4 24
$159.0M
$354.3M
Q3 24
$86.0M
$-246.8M
Q2 24
$219.0M
$126.8M
Free Cash Flow
OKTA
OKTA
SSB
SSB
Q1 26
Q4 25
$214.0M
$215.5M
Q3 25
$165.0M
$101.7M
Q2 25
$240.0M
$52.5M
Q1 25
$285.0M
$-139.1M
Q4 24
$158.0M
$340.9M
Q3 24
$81.0M
$-254.2M
Q2 24
$218.0M
$117.3M
FCF Margin
OKTA
OKTA
SSB
SSB
Q1 26
Q4 25
28.8%
37.1%
Q3 25
22.7%
17.0%
Q2 25
34.9%
9.1%
Q1 25
41.8%
-25.5%
Q4 24
23.8%
92.2%
Q3 24
12.5%
-72.3%
Q2 24
35.3%
33.5%
Capex Intensity
OKTA
OKTA
SSB
SSB
Q1 26
Q4 25
0.5%
2.9%
Q3 25
0.3%
3.5%
Q2 25
0.1%
3.5%
Q1 25
0.1%
2.4%
Q4 24
0.2%
3.6%
Q3 24
0.8%
2.1%
Q2 24
0.2%
2.7%
Cash Conversion
OKTA
OKTA
SSB
SSB
Q1 26
Q4 25
5.07×
0.94×
Q3 25
2.49×
0.50×
Q2 25
3.89×
0.34×
Q1 25
12.43×
-1.42×
Q4 24
9.94×
2.46×
Q3 24
2.97×
-1.72×
Q2 24
0.96×

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%

SSB
SSB

Net Interest Income$561.6M85%
Noninterest Income$100.1M15%

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