Can Okta Ride the Generative AI Wave to New Growth?

Unless you live under a cultural rock like we do, you probably know the latest bloated blockbuster movie in the Mission Impossible series just came out. There is a certain appeal in the sheer absurdity of the stunts – and we’re not even talking about the ones involving exploding cars or jumping out of airplanes. Each installment involves feats of digital deception and identity subterfuge that make cybersecurity seem almost sexy. In the real world (as mundane as it is) businesses face their own cyber challenges – malicious actors, rogue AI agents, and the ever-present threat of credential compromise.

The nearly impossible mission of cybersecurity companies like Okta (OKTA) is to ensure only the right people (or bots) can securely access applications, data, and systems. The identity and access management (IAM, not to be confused with IMF) business is not a big-budget Hollywood espionage caper, but it is no less lucrative. Look no further than Okta’s stratospheric growth over the last five years. Revenue has tripled, from $835 million in 2021 to $2.6 billion in 2025. 

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