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OKLO

Oklo Inc.

OKLO

Oklo Inc. • NYSE
$91.83 ▲ 3.51% (+3.11)
Market Cap $14.35 B
52w High $193.84
52w Low $17.14
Dividend Yield 0%
P/E -163.98
Volume 5.57M
Outstanding Shares 156.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $36.309M ▲ $-29.722M ▼ 0% $-0.2 ▼ $-36.185M ▼
Q2-2025 $0 $28.015M ▲ $-24.685M ▼ 0% $-0.18 ▼ $-27.89M ▼
Q1-2025 $0 $17.874M ▲ $-9.81M ▲ 0% $-0.071 ▲ $-17.75M ▼
Q4-2024 $0 $15.379M ▲ $-10.289M ▼ 0% $-0.075 ▲ $-15.291M ▼
Q3-2024 $0 $12.281M $-9.959M 0% $-0.082 $-12.212M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $921.6M ▲ $1.246B ▲ $40.633M ▲ $1.206B ▲
Q2-2025 $534.425M ▲ $731.084M ▲ $34.673M ▲ $696.411M ▲
Q1-2025 $201.018M ▼ $302.146M ▲ $32.816M ▲ $269.33M ▲
Q4-2024 $227.814M ▼ $281.736M ▼ $30.879M ▲ $250.857M ▼
Q3-2024 $231.39M $293.794M $30.517M $263.277M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-29.722M ▼ $-18.031M ▲ $-325.21M ▼ $526.511M ▲ $183.27M ▲ $-23.077M ▼
Q2-2025 $-24.685M ▼ $-18.471M ▼ $-286.76M ▼ $441.924M ▲ $136.693M ▲ $-19.348M ▼
Q1-2025 $-9.81M ▲ $-12.243M ▲ $6.064M ▼ $-875K ▼ $-7.054M ▼ $-12.575M ▲
Q4-2024 $-10.289M ▼ $-13.469M ▼ $18.197M ▲ $603.959K ▲ $5.332M ▲ $-13.539M ▼
Q3-2024 $-9.959M $-7.88M $-5.608M $-388.189K $-13.877M $-7.991M

Five-Year Company Overview

Income Statement

Income Statement Oklo is clearly in an early, development-stage phase. It has no revenue yet and is recording modest but growing losses as it hires people, designs its reactors, and advances licensing. The move from nearly break-even a few years ago to more noticeable losses now mainly reflects a deliberate ramp-up in spending rather than a deterioration in an existing business. In other words, the income statement shows investment mode, not operational underperformance, but it also means profitability is likely years away and highly dependent on successful commercialization and regulation.

Balance Sheet

Balance Sheet The balance sheet has shifted from a very thin base to a more substantial, equity-funded position. Total assets have grown meaningfully, with cash now representing the main resource, and there is essentially no financial debt. Equity has turned from slightly negative to positive, which is a healthy sign for solvency and indicates that recent funding has repaired the capital base. At the same time, the absolute scale of assets is still small for such an ambitious infrastructure business, so additional capital raises over time are very likely if the company progresses to construction and operation of reactors and fuel facilities.

Cash Flow

Cash Flow Cash flows reflect a classic pre-revenue technology developer: money is going out to fund operations and development, with nothing yet coming in from customers. Operating cash burn has increased as the company scales up, but it remains relatively contained compared with many high-tech start-ups. Capital spending so far appears minimal, suggesting the company is still largely in design, licensing, and early engineering rather than heavy construction. The current cash balance gives some runway, but the business model will require much larger cash commitments later, so the timing and terms of future funding will be an important risk factor.

Competitive Edge

Competitive Edge Oklo is trying to carve out a differentiated place in advanced nuclear rather than compete head-on with traditional utilities. Its strategy blends several advantages: a small, modular reactor design; a focus on selling power as a service rather than selling reactors; and an integrated approach to fuel supply and recycling. The company’s early and intensive engagement with nuclear regulators, while challenging, has given it experience others may not yet have, potentially shortening future licensing cycles. Partnerships with established industrial players and prospective customers (such as data center and energy companies) broaden its ecosystem and brand. However, the firm still competes in a crowded and politically sensitive space, where regulatory approval, public perception, and the emergence of rival reactor designs could all affect its eventual market position.

Innovation and R&D

Innovation and R&D Innovation is the core of Oklo’s story. It is developing compact fast-fission reactors designed to be inherently safe, factory-built, and relatively easy to deploy. A major R&D focus is fuel recycling, aiming to turn used nuclear material into new fuel, which could cut waste and lower fuel costs if proven at scale. The company is also pushing novel ideas like centralized, remote plant operation and a technology-focused operator licensing model, plus a highly efficient power conversion system. Its research is reinforced through collaborations with national laboratories and industrial partners. The payoff from this R&D is still uncertain and long-dated, but if the technology works as planned and clears regulatory hurdles, it could create a strong technological and cost advantage versus more conventional nuclear and other advanced reactor concepts.

Summary

Overall, Oklo looks like a high-risk, high-ambition, pre-revenue nuclear technology developer rather than a traditional utility. Its financials show a small but growing cost base, no revenue, and a balance sheet funded by equity with no meaningful debt so far. Cash burn is present but not yet large because the business is still in design and licensing, not full construction. Strategically, the company is aiming for a differentiated position through small advanced reactors, a build–own–operate model, and integrated fuel recycling, supported by partnerships and early regulatory engagement. The main opportunities lie in scalable, low-carbon baseload power and potential leadership in fuel recycling; the main risks revolve around regulatory approval, technical execution, long timelines, large future funding needs, and strong competition in advanced nuclear. The story is more about technology, policy, and long-term project delivery than near-term financial performance.

NEWS

November 26, 2025 · 8:25 AM UTC

Defiance ETFs Launches OKLS: The First 2X Short ETF of Oklo Inc.

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November 19, 2025 · 8:00 AM UTC

Oklo and Siemens Energy Sign Binding Contract to Expedite Procurement of the Power Conversion System for Commercial Power Plant

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November 11, 2025 · 4:00 PM UTC

Oklo Publishes Third Quarter 2025 Financial Results and Business Update

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November 11, 2025 · 8:00 AM UTC

Oklo Announces U.S. Department of Energy Approval for Nuclear Safety Design Agreement of Aurora Fuel Fabrication Facility

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October 29, 2025 · 8:00 AM UTC

Oklo Announces Date for Third Quarter 2025 Financial Results and Business Update Call

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