Another thing to consider is the growth in big accounts recently.
When these large companies sign on, they don’t just dip their toes, they go for multiple products across much of their workforce. That’s obviously good for OKTA and shareholders, but there are two things to remember:
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Those big contracts will never bump up DBRR, as there’s little to add to their offerings if they start out with most of them – for most of their employees/customers.
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Because it’s subscription revenue, it gets recognized over time.
I’ve started paying more attention to remaining performance obligations (RPOs), as it is the amount of contracted (nearly guaranteed) revenue they have. This jumped 68% year over year last quarter. Throw in that stickiness and you might have a different opinion (or not 
)
I don’t think you’re totally off-base for believing it’s expensive, just throwing out other considerations.
Best,
Brian
Long OKTA