Registration number: 10287824 (England and Wales)
AUTH0 LTD.
Annual Report and Financial Statements for the financial year ended 31 January 2025
Auth0 Ltd.
Contents of the Financial Statements for the financial year ended 31 January 2025
Page
Company Information
1
Report of the Directors
2 - 3
Report of the Independent Auditors
4 - 7
Income Statement
8
Balance Sheet
9
Statement of Changes in Equity
10
Notes to the Financial Statements
11 - 20
Auth0 Ltd.
Company Information
For the financial year ended 31 January 2025
Directors:
D V Gennarelli
A G Smith (resigned
1 Aug 2025
01 August 2025
)
A J Goranson (appointed
1 Aug 2025
01 August 2025
)
Registered office:
280 Bishopsgate
London
United Kingdom
EC2M 4RB
Registered number:
10287824 (England and Wales)
Independent Auditors:
Randall & Payne LLP
Statutory Auditors & Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
GL51 4GA
Page 1
Auth0 Ltd.
Report of the Directors
For the financial year ended 31 January 2025
The directors present their report with the financial statements of the Company for the financial year ended 31 January 2025.
Principal Activity
The principal activity of the Company in the period under review was that of sales and marketing (S&M) activities and research and development (R&D) activities to the parent company Okta, Inc.
Dividends
No dividends will be distributed for the period from 1 February 2024 to 31 January 2025.
Events since the end of the year
Information relating to events since the end of the year is given in the notes to the financial statements.
Directors of the company
The directors who held office during the year were as follows:
D V Gennarelli
A G Smith (resigned 1 Aug 2025)
A J Goranson (appointed 1 Aug 2025)
Statement of Directors' responsibilities
The directors are responsible for preparing the Report of the Directors, and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
Select suitable accounting policies and then apply them consistently;

- *

Make judgements and accounting estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In the case of each director in office at the date the Directors' Report is approved:
So far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
They have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that.
.
.
.
.
.
Page 2
Auth0 Ltd.
Report of the Directors (continued)
For the financial year ended 31 January 2025
Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Auditors
The auditors, Randall & Payne LLP, will be proposed for reappointment in accordance with section 487 (2) of the Companies Act 2006.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
On behalf of the Board:
Approved and authorised by the Board and signed on its behalf by:
A J Goranson – Director
Date: 23 September 2025
Page 3
Auth0 Ltd.
Independent Auditor's Report to the Members of Auth0 Ltd
Opinion
We have audited the financial statements of Auth0 Ltd (the 'company') for the year ended 31 January 2025, which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:
Give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;
Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
Have been prepared in accordance with the requirements of the Companies Act 2006.
.
.
.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Page 4
Auth0 Ltd.
Independent Auditor's Report to the Members of Auth0 Ltd (continued)
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
The information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
The financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors' remuneration specified by law are not made; or
We have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
.
.
.
.
.
Page 5
Auth0 Ltd.
Independent Auditor's Report to the Members of Auth0 Ltd (continued)
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which the audit was considered capable of detecting irregularities, including fraud irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.
In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.
However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:
Obtained an understanding of the nature of the industry and sector, including the legal and regulatory framework that the Company operates in and how the Company is complying with the legal and regulatory framework;
Inquired of management, and those charged with governance, about their own identification and assessment of the risks of irregularities, including any known actual, suspected or alleged instances of fraud;
Discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud.
As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, the Companies Act 2006 and tax compliance regulations. We performed audit procedures to detect non-compliances which may have a material impact on the financial statements which included reviewing financial statement disclosures, inspecting correspondence with local tax authorities, and evaluating advice received from external tax advisors.
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.
.
Page 6
Auth0 Ltd.
Independent Auditor's Report to the Members of Auth0 Ltd (continued)
The most significant laws and regulations that have an indirect impact on the financial statements are those in relation to employment laws and regulations. We performed audit procedures to inquire of management and those charged with governance whether the Company is in compliance with these laws and regulations and inspected correspondence with regulatory authorities.
The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the business rationale in relation to significant, unusual transactions and transactions entered into outside the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
Benjamin Burch, ACA (Senior Statutory Auditor)
For and on behalf of Randall & Payne LLP
Statutory Auditors & Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
GL51 4GA
Date: 1 October 2025
Page 7
Auth0 Ltd.
Income Statement
For the financial year ended 31 January 2025
2025
2024
Note
£
£
Turnover
3
4,551,068
5,546,675
Administrative expenses
(4,159,979)
(5,218,642)
Other operating income
-
0
72,450
Operating profit
391,089
400,483
5
58,956
Profit from sale of discontinued operations
-
0
Profit before taxation
391,089
459,439
Tax charge
6
(189,398)
(799,736)
Profit/(loss) for the financial year
201,691
(340,297)
All amounts relate to continuing operations.
The Company has no other comprehensive income for the year or prior year, other than the results above and therefore no statement of other comprehensive income is given.
The notes on pages 11 to 20 form an integral part of these financial statements.
Page 8
Auth0 Ltd.
Balance Sheet
As at 31 January 2025
2025
2024
Note
£
£
Current assets
7
Debtors
8,680,370
11,684,020
Cash at bank
12,212,247
8,353,546
20,892,617
20,037,566
Creditors
8
Amounts falling due within one year
(362,680)
(679,829)
Total assets less current liabilities
20,529,937
19,357,737
Capital and reserves
9
Called up share capital
100
100
Other reserves
14,136,802
13,166,293
10
Retained earnings
6,393,035
6,191,344
10
Shareholders' funds
20,529,937
19,357,737
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
A J Goranson – Director
Date: 23 September 2025
The notes on pages 11 to 20 form an integral part of these financial statements.
Page 9
Auth0 Ltd.
Statement of Changes in Equity
For the financial year ended 31 January 2025
Share capital
Retained earnings
Other reserves
Total
£
£
£
£
At 1 February 2023
100
6,531,641
11,798,650
18,330,391
Changes in equity
Profit/(loss) for the year
-
(340,297)
-
(340,297)
Equity settled share-based payment
-
-
1,367,643
1,367,643
At 31 January 2024
100
6,191,344
13,166,293
19,357,737
Share capital
Retained earnings
Other reserves
Total
£
£
£
£
At 1 February 2024
100
6,191,344
13,166,293
19,357,737
Changes in equity
Profit/(loss) for the year
-
201,691
-
201,691
Equity settled share-based payment
-
-
970,509
970,509
At 31 January 2025
100
6,393,035
14,136,802
20,529,937
The notes on pages 11 to 20 form an integral part of these financial statements.
Page 10
Auth0 Ltd.
Notes to the Financial Statements
For the financial year ended 31 January 2025
1 Statutory Information
Auth0 Ltd. is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.
2 Accounting policies
Basis of preparing of financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
These policies have been consistently applied to all the years presented, unless otherwise stated. The company has adopted FRS 102 in these financial statements.
The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies. The directors have not identified any areas which involve a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements.
Auth0 Ltd. meets the definition of qualifying entities under FRS 102 and has therefore taken advantage of the disclosure exemption available to it in respect of its separate financial statements. Auth0 Ltd. is consolidated in the financial statements of its ultimate parent, Okta Inc.; which may be obtained from the address given in Note
12. Exemptions have been taken in these separate company financial statements in relation to presentation of Cash Flow Statement.
Stock-based compensation
The company's equity incentive plan provides for granting stock options, restricted stock units (“RSUs”), restricted stock awards to employees, consultants, officers, and directors and RSUs with market-based vesting conditions to certain executives. In addition, the Company offers an employee stock purchase program (“ESPP”) to eligible employees.
Stock-based compensation expense related to stock awards (including stock options, RSUs, marker-based RSUs, and ESPP) is measured based on the fair value of the awards granted and recognised as an expense over the requisite service period.
The fair value of each of each option and ESPP awards are estimated on the grant date using the Black-Scholes option pricing model which requires the use of various assumptions, including the expected term of the award, the expected volatility of the price of the underlying common stock, risk-free interest rates, and expected dividend yield of the underlying common stock. Stock-based compensation expense is recognised following the straight-line attribution method over the requisite service period for options, and over the offering period for ESPP awards. The expected term of the Company's stock options, which were last granted to employees in fiscal year 2022, was determined utilising the simplified method due to the lack of historical data. The expected volatility was determined using a weighted average of the historical volatility measures of a group of guideline companies and the Company's own historical volatility. The risk-free interest rate was based on the US Treasury yield in effect at the time of grant for a period consistent with the expected term of the award. The expected dividend was assumed to be zero as the Parent Company has never declared or paid any cash dividends nor intends to in the foreseeable future.
Page 11
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
2 Accounting policies (continued)
The fair value of each RSU award is based on the fair value of the underlying common stock as of the grant date. Stock-based compensation expense is recognised on a straight-line basis over the requisite service period, generally three or four years.
The fair value of each market-based RSU is measured using a Monte Carlo simulation valuation model which requires the use of various assumptions, including the stock price volatility and risk-free interest rate as of the valuation date corresponding to the length of time remaining in the performance period. Stock-based compensation expense for awards with market-based conditions is recognised over the requisite service period using the accelerated attribution method and is not reversed if the market condition is not met.
The assumptions used to determine the fair value of the stock awards represent management's best estimates. These estimates involve inherent uncertainties and the application of management's judgement. Forfeitures are accounted for as they occur. Share-based compensation expense is recorded separately in "Other equity reserves"
Preparation of consolidated financial statements
The financial statements contain information about Auth0 Ltd. as an individual Company and do not contain consolidated financial information as the parent of a group. The Company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its branches are included by full consolidation in the consolidated financial statements of its parent, Okta, Inc., 100 First Street, Suite 600, San Francisco, California 94105.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. All of the turnover arises from the cost-plus agreement with the parent company Okta, Inc.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and short-term highly liquid investments with original maturities of three months or less.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Page 12
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
2 Accounting policies (continued)
Provisions
Provisions are recognised when the group has a legal or constructive present obligation as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision in measured at present value the unwinding of the discount is recognised as a finance cost to profit or loss in the period it arises.
Financial instruments
The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Page 13
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
2 Accounting policies (continued)
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The Company operates a defined contribution pension scheme. Contributions payable to the Company's pension scheme are charged to profit or loss in the period to which they relate.
Critical accounting judgements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised to profit or loss in other operating expenses.
Page 14
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
2 Accounting policies (continued)
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Taxation
The Company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities of the consequences of audits by the tax authorities of the respective countries in which it operates. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority. Management estimation is required to determine the amount of deferred tax assets that can be recognised based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies. Further details are contained in note 6.
Accruals
The Company accounts for all costs incurred during the year, and the estimated liability for expenses incurred with no supporting evidence is included in the accruals balance. These are estimated using prior year experience, known contractual obligations, and business performance during the year. The majority of the accruals balance at year end relates to staff-based costs, including holiday pay accruals and accrued bonus.
Stock-based compensation expense
The assumptions used to determine the fair value of stock-based compensation represent management's best estimates. These estimates involve inherent uncertainties and the application of management's judgement.
Page 15
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
3 Turnover
The turnover and profit before taxation are attributable to the one principal activity of the Company.
An analysis of turnover by class of business is given below:
2025
2024
£
£
Related party service revenue
4,551,068
5,546,675
4,551,068
5,546,675
An analysis of turnover by geographical market is given below:
2025
2024
£
£
United States of America
4,551,068
5,546,675
4,551,068
5,546,675
4 Employees and directors
2025
2024
£
£
Wages and salaries
2,526,755
2,661,746
Social security costs
575,208
703,542
3,101,963
3,365,288
The directors received no remuneration from the Company (2024: Nil)
The directors have been remunerated by the ultimate parent company.
The average monthly number of employees during the year was as follows:
2025
2024
£
£
Belgium employees
6
7
Portugal employees
3
3
Czech employees
2
2
Puerto Rico employees
2
2
13
14
The employees of Puerto Rico were transferred to Okta Inc. effective 1 Jan 2025.
Page 16
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
5 Operating profit
The operating profit is stated after charging:
2025
2024
£
£
Auditors' remuneration
6,250
6,000
Foreign exchange losses
134,434
128,655
140,684
134,655
6 Taxation
Analysis of the tax charge
Tax charged/(credited) in the income statement:
2025
2024
£
£
Current tax:
UK corporation tax
-
-
Adjustment in respect of prior periods
90,139
287,681
Foreign tax suffered
47,109
95,978
Others
(6,126)
8,276
Total current tax
131,122
391,935
Deferred tax:
Origination and reversal of timing differences
58,276
392,334
(368)
Adjustment in respect of prior year
-
Effect of changes in tax rates
-
15,835
407,801
Total deferred tax
58,276
Total tax charge/(benefit) per income statement
189,398
799,736
Page 17
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
6 Taxation (continued)
Reconciliation of total tax charge included in income statement
The tax assessed for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK. The difference is explained below:
2025
2024
£
£
Profit before tax
391,089
459,439
Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 19% from 1 February to 31 March and 25% for rest of the year)
97,772
110,393
Effects of:
Effects of group relief
(196,072)
(225,351)
Expenses not deductible for tax purposes
2,884
14,369
Adjustment from previous period
84,013
287,313
Share based compensation
170,828
547,473
Effects of overseas tax rates
29,973
49,704
Effect of changes in tax rates
-
0
15,835
Total tax charge
189,398
799,736
7 Debtors
2025
2024
£
£
Amounts owed by group undertakings
8,413,369
11,179,862
Tax
39,983
181,140
VAT
-
0
37,724
Deferred tax asset
227,018
285,294
8,680,370
11,684,020
Page 18
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
8 Creditors: Amounts falling due within one year
2025
2024
£
£
Trade creditors
-
0
10,534
Social security and other taxes
31,919
209,444
Accrued expenses
330,761
459,851
362,680
679,829
9 Called up Share Capital
Allotted, issued and fully paid:
Class:
2025
2024
Nominal value:
Number:
Ordinary
100
100
£1
100
10
Reserves
Retained earnings
Other reserves
Totals
£
£
£
At 1 January 2023
6,531,641
11,798,650
18,330,291
Loss for the year
(340,297)
-
(340,297)
Equity settled share-based payment
-
1,367,643
1,367,643
At 1 January 2024
6,191,344
13,166,293
19,357,637
Profit for the year
201,691
-
201,691
Equity settled share-based payment
-
970,509
970,509
At 31 January 2025
6,393,035
14,136,802
20,529,837
Page 19
Auth0 Ltd.
Notes to the Financial Statements (continued)
For the financial year ended 31 January 2025
11
Post balance sheet events
On 7 April 2025, the directors approved the payment of a dividend of £10,000,000 to its immediate parent company Auth0 International LLC.
12
Ultimate parent company
The Company is a wholly owned subsidiary of Okta, Inc., a company incorporated in the United States of America.
The smallest and largest group in which the results of the Company are consolidated is that headed by Okta, Inc. Okta, Inc. is the ultimate parent company and its registered office is 100 First Street, San Francisco, CA 94105, USA, the financial statements are available here.
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