ATLAS
AI security · governance · identity·US·San Francisco, CA·#2 / 12 in segment·1.6% of segment mcap
$89.04
-54.2% vs S&P 12m

Business overview

AI productivity upside

Identity platform pivoting toward identity-for-AI agents with Auth0 developer surface.

Identity for human + machine + agent is becoming the new ground truth; Okta + Auth0 has the most direct exposure.

Products
  • Workforce Identity
  • Customer Identity (Auth0)
  • Identity Governance
Customers (2)
  • Enterprises
  • Developers
Competitors (2)

Composite score

Higher = stronger overall research case

60
Fundamental65
Technical44
Valuation67
AI relevance60
Risk-adjusted (higher = safer)57
Segment-relative fundamental percentile: 44

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 0.6%6M RS: -1.5%12M RS: -54.2%Vol30d: 62%DD52w: -29.1%

Financial summary

Curated, illustrative

Revenue
$2.92B
Growth (YoY)
11.6%
Gross margin
77.4%
Operating margin
6.6%
FCF
$836.12M
Capex
$47.88M
Net cash / (debt)
$2.10B
ROIC
1.0%
Customer conc.
Medium

Valuation

Market cap
$15.61B
Enterprise value
$13.51B
P/E (TTM)
68.0x
Forward P/E
21.0x
EV / Sales
4.6x
EV / EBITDA
54.3x
P / FCF
18.7x
PEG
1.0x
Rule of 40
37.0%

Risks

Severity 1 (low) to 5 (severe)

  • 4
    Microsoft Entra competition
  • 2
    2023 breach overhang

Score components

What drove the composite

Growth53
Profitability38
Cash generation89
Balance sheet94
Moat / AI relevance62
Capital intensity (higher = lighter)80
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)65
Momentum (3/6/12m)48
Relative strength19
Realized vol (higher = lower vol)31