Oklo Inc.
- Open
- 39.60
- Day high
- 40.93
- Day low
- 39.60
- Prev close
- 40.14
- Volume
- 6.2M
- Mkt cap
- $7.5B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.3
- P/S
- 6237.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$24.2M over the last 3 months (0 open-market buys, 24 sales)
- 🏛Institutions accumulating (13F)
Oklo Inc. (OKLO) is a Utilities company listed on NYSE. The stock is down 45% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 24 sales (SEC Form 4). Drillr has 1 published research article covering OKLO.
Oklo Inc. (OKLO) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 11 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
OKLO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 7, 2026 | $-0.16 | $-0.28 | -70.9% | $1M | +1223.6% |
| May 12, 2026 | $-0.20 | $-0.19 | +5.0% | — | — |
| Mar 17, 2026 | $-0.17 | $-0.27 | -59.1% | — | — |
| Mar 24, 2025 | $-0.08 | $-0.09 | -12.5% | — | — |
| Nov 14, 2024 | $-0.07 | $-0.08 | -14.3% | — | — |
| Aug 13, 2024 | $-0.06 | $-5.17 | -8516.7% | — | — |
| Mar 29, 2024 | — | $-0.21 | — | — | — |
| Nov 15, 2023 | — | $-0.13 | — | — | — |
| Aug 11, 2023 | — | $-0.07 | — | — | — |
| May 15, 2023 | — | $0.05 | — | — | — |
| Mar 31, 2023 | — | $0.04 | — | — | — |
| Nov 10, 2022 | — | $0.02 | — | — | — |
OKLO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 27, 2026 | Narayanadas Vivekofficer: General Counsel & Secretary | Sell | 223 | $40.80 |
| Aug 25, 2026 | Goodwin William Carroll Murphyofficer: Chief Legal & Strategy Officer | Sell | 11,592 | $39.77 |
| Aug 25, 2026 | Narayanadas Vivekofficer: General Counsel & Secretary | Option | 4,806 | — |
| Aug 25, 2026 | Narayanadas Vivekofficer: General Counsel & Secretary | Sell | 3,264 | $39.77 |
| Aug 25, 2026 | Hanson Johnofficer: Chief of Staff | Sell | 539 | $39.77 |
| Aug 25, 2026 | Renner Alexandraofficer: Chief Product Officer | Sell | 557 | $39.77 |
| Aug 17, 2026 | Hanson Johnofficer: Chief of Staff | Option | 961 | — |
| Aug 17, 2026 | Renner Alexandraofficer: Chief Product Officer | Option | 1,201 | — |
| Aug 14, 2026 | Goodwin William Carroll Murphyofficer: Chief Legal & Strategy Officer | Option | 20,685 | — |
| Aug 5, 2026 | Cochran Carolinedirector, 10 percent owner, officer: Co-Founder, COO | Sell | 40,000 | $41.35 |
| Aug 5, 2026 | Narayanadas Vivekofficer: General Counsel & Secretary | Option | 1,014 | — |
| Aug 5, 2026 | Bealmear Richard Craigofficer: Chief Financial Officer | Option | 5,644 | $3.18 |
| Aug 5, 2026 | Bealmear Richard Craigofficer: Chief Financial Officer | Sell | 16,452 | $38.80 |
| Aug 5, 2026 | Bealmear Richard Craigofficer: Chief Financial Officer | Option | 16,452 | $3.18 |
| Aug 5, 2026 | Cochran Carolinedirector, 10 percent owner, officer: Co-Founder, COO | Sell | 3,500 | $39.60 |
Source: OKLO SEC Form 4 filings, latest Aug 27, 2026. For informational purposes only — not investment advice.
See the full OKLO insider & 13F page →Oklo Inc. company profile
Overview
Oklo Inc. (NYSE:OKLO) is a nuclear technology company founded in 2013 and headquartered in Santa Clara, California. The company went public in July 2021 through a merger transaction. Oklo develops advanced nuclear fission power plants designed to provide clean, reliable energy to commercial and industrial customers. The company operates as a pre-revenue stage enterprise, having generated no revenue to date while focusing on regulatory approvals, technology development, and building its customer pipeline. Oklo represents one of the emerging players in the advanced nuclear reactor space, targeting deployment of its first commercial reactor by late 2027.
Business
Oklo operates in the advanced nuclear energy sector, specifically developing small modular reactors (SMRs) and microreactors for commercial deployment. The nuclear power industry has traditionally been dominated by large-scale nuclear plants that can take decades to build and cost billions of dollars. Advanced nuclear companies like Oklo are developing smaller, more flexible reactor designs that can be deployed faster and at lower cost. The company's core technology is based on sodium-cooled fast reactor designs, which differ from traditional nuclear plants in several key ways. Fast reactors use fast neutrons rather than thermal neutrons to sustain the nuclear reaction, allowing them to be more fuel-efficient and capable of consuming different types of nuclear fuel, including recycled nuclear waste. Sodium cooling provides better heat transfer properties compared to water cooling used in conventional reactors. Oklo's business model centers around three main segments. First, the power generation business involves designing, building, owning and operating nuclear power plants under a "build-own-operate" model, where customers purchase electricity rather than the reactor itself. The company initially targets 15-50 megawatt reactor sizes, with recent expansion to 75 megawatt designs. Second, the fuel recycling services business aims to process used nuclear fuel to extract valuable materials for reuse, planned to be operational by 2029-2030. Third, through its recent acquisition of Atomic Alchemy, Oklo has entered the radioisotope production market, which produces specialized nuclear materials used in medical treatments, industrial applications, and space exploration. The company's customer pipeline has grown dramatically from 700 megawatts in early 2024 to over 14 gigawatts by year-end, with significant focus on data centers driven by artificial intelligence computing demands, as well as oil and gas operations, industrial facilities, and defense applications.
Revenue model
Oklo's primary revenue model will be electricity sales under long-term power purchase agreements with commercial and industrial customers. Rather than selling reactors directly, the company plans to own and operate the nuclear plants while selling electricity at contracted rates, typically ranging from 20-30 year agreements. This approach provides predictable, recurring revenue streams while maintaining control over the nuclear assets. The company's customers are primarily large energy consumers including data center operators, hyperscale computing companies, oil and gas producers, manufacturing facilities, and defense installations. Major partnerships include a 12-gigawatt master agreement with Switch (a data center company) and agreements with Equinix for 500 megawatts of power. The focus on data centers has intensified due to the massive power requirements of artificial intelligence computing infrastructure. Secondary revenue streams include fuel recycling services, where Oklo will process used nuclear fuel to extract valuable materials for reuse in its own reactors or sale to other nuclear operators. The company also plans to generate revenue from radioisotope production through its Atomic Alchemy subsidiary, targeting the medical, industrial, and aerospace markets in what management estimates as a $55 billion market by 2026. Several factors could significantly impact Oklo's profitability margins. Regulatory approval timelines represent the most critical factor, as delays in Nuclear Regulatory Commission licensing could postpone revenue generation and increase development costs. Construction and capital costs for the first reactors will heavily influence unit economics, with the company's modular design intended to reduce costs through standardization and factory manufacturing. Fuel costs and availability of High-Assay Low-Enriched Uranium (HALEU) could affect operating margins, though the company's fuel recycling capabilities may provide cost advantages. Competition from renewable energy sources and natural gas could pressure electricity pricing, while growing demand from AI infrastructure and data centers may support premium pricing for reliable, carbon-free baseload power.
Competitive moat
Oklo's competitive moat is currently limited but potentially developing around several key factors. The company's primary defensive position lies in its regulatory progress and expertise with the Nuclear Regulatory Commission. Nuclear licensing represents an extremely high barrier to entry, typically requiring years of engagement and millions of dollars in regulatory compliance costs. Oklo's experience navigating the NRC approval process, despite previous setbacks, provides valuable institutional knowledge that competitors would need to replicate. The company's fast neutron reactor technology offers some technical differentiation from competitors focused on thermal neutron designs. Fast reactors can achieve higher fuel efficiency, consume recycled nuclear materials, and potentially offer superior safety characteristics. However, this technology advantage is not unique, as several other advanced nuclear companies are pursuing similar approaches. Oklo's integrated fuel recycling strategy could provide a more sustainable competitive advantage over time. The ability to process and reuse nuclear fuel addresses both cost considerations and waste management challenges, potentially creating a closed-loop fuel cycle that reduces dependence on fresh uranium supplies. This capability could become increasingly valuable as the advanced nuclear industry scales. The company's early customer relationships and pipeline provide some first-mover advantages in securing prime deployment sites and long-term power purchase agreements. However, these relationships remain largely non-binding letters of intent rather than firm contracts. The primary competitive threats come from other advanced nuclear companies such as NuScale, TerraPower, and X-energy, which are pursuing different reactor technologies but targeting similar markets. Renewable energy plus storage solutions continue to decline in cost and could provide competitive alternatives for some applications. Additionally, regulatory or public policy changes that favor other clean energy technologies could reduce nuclear power's competitive positioning.
Risks & safety
Oklo maintains a strong balance sheet position with minimal near-term solvency risk, though the company faces ongoing cash burn as it advances toward commercial operations. • Cash position: $97.1 million in cash and short-term investments as of Q4 2024, down from $105.7 million in Q2 2024 • Cash burn: Operating cash flow negative $38.4 million for full year 2024, with quarterly burn rate of approximately $10-15 million • Debt levels: Minimal debt with debt-to-equity ratio of 0.005, indicating very low leverage • Current ratio: Exceptionally strong at 43.5, indicating substantial liquidity cushion • Runway: Current cash provides approximately 2-3 years of operating runway at current burn rates • Valuation metrics: Price-to-book ratio of 8.4 appears elevated for a pre-revenue company, though EV/EBITDA is not meaningful given negative EBITDA • Market valuation: Trading at significant premium to book value despite no revenue generation • Other considerations: Regulatory approval timeline represents key risk to cash runway; potential need for additional capital raises before revenue generation; strong intellectual property portfolio provides some asset value protection.
Recent development
Over the past two years, Oklo has executed several strategic pivots and expansions that have significantly broadened its business scope. The company has expanded its reactor design capacity from initial 15-50 megawatt configurations to include 75 megawatt powerhouse designs, driven by customer demand for larger installations. This scaling demonstrates the company's ability to adapt its technology platform to market requirements. The most significant strategic development has been Oklo's dramatic expansion into the data center market, with its customer pipeline growing from 700 megawatts to over 14 gigawatts during 2024. This growth was catalyzed by the artificial intelligence boom and the massive power requirements of AI computing infrastructure. The company signed a landmark 12-gigawatt master power agreement with Switch, representing one of the largest clean energy commitments in the data center industry. Oklo has also diversified beyond pure power generation through its $25 million acquisition of Atomic Alchemy in late 2024. This strategic move expanded the company into radioisotope production for medical, industrial, and aerospace applications, targeting what management estimates as a $55 billion market opportunity by 2026. The acquisition leverages synergies with Oklo's planned fuel recycling operations. The company has made significant regulatory progress despite previous setbacks, advancing its pre-application readiness assessment with the Nuclear Regulatory Commission and targeting submission of its Combined License Application in Q4 2025. Management has emphasized learning from earlier regulatory challenges and adapting their approach based on NRC feedback. Fuel supply security has become a strategic priority, with Oklo signing a memorandum of understanding with Centrus Energy for High-Assay Low-Enriched Uranium supply and exploring access to government fuel reserves. The company has secured fuel for its first core load and is developing comprehensive fuel recycling capabilities planned for operation by 2029-2030.
OKLO company profile · for informational purposes only — not investment advice.
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