📈 Price History

Ratio Health

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📊 Sector Averages

About

Oklo Inc. develops fission power plants to provide energy at scale to customers in the United States. The company offers Aurora Powerhouse, which is designed to produce between 15 and up to 75 megawatts of electricity. It is also commercializing nuclear fuel recycling and fuel fabrication technology that can convert used nuclear fuel into usable fuel for its reactors. The company was formerly known as AltC Acquisition Corp. and changed its name to Oklo Inc. in May 2024. Oklo Inc. was founded in 2013 and is headquartered in Santa Clara, California.

Key Ratios Snapshot

📈 Growth Pattern

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⭐ Superinvestors Holding OKLO

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Manager	Shares	Value	% of Fund	Period
Cathie Wood ARK Investment Management	351.2K	$17.4M	0.14%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management used assertive language like 'historic shift', 'strong validation', 'significant strategic advantage', and cited concrete milestones (Kiewit, NRC phase 1, Air Force award) and policy wins (executive orders, one big beautiful bill). Detailed technical responses to all questions reinforced a tone of assured execution.

Q3 2025

Confident Specific

Management consistently used definitive language like 'we are now executing, not theorizing,' 'we broke ground,' 'achieved key regulatory milestone,' and provided concrete timelines (e.g., Atomic Alchemy pilot operational mid-2026, excavation target early January). They detailed specific procurement items and fuel strategy pathways, indicating high conviction.

Q4 2025

Confident Vague

Management uses strong language like 'step-change year' and 'execution across multiple assets', but repeatedly deflects specific financial questions (e.g., CapEx breakdown, dollars per kW) with phrases like 'not gonna provide a breakdown' and 'it's evolving'.

Q1 2026 latest

Confident Specific

Management repeatedly emphasizes execution over strategy, using phrases like 'actively executing across all three business units', 'building the platform to support it', and highlighting specific milestones (e.g., Groves construction in 229 days, PDSA submission, NRC PDC approval). The tone is factual and progress-oriented, with no hedging or defensiveness in responses.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Key positives: concrete progress on regulatory milestones (Part 57, NRC PDC approval), fuel optionality (plutonium bridge, recycling), and early construction experience (Groves built in 229 days). The balance sheet is well-capitalized for planned capex. However, revenue visibility remains absent, and the PJM interconnection timeline is vague. Next quarter, watch for Groves criticality by July 4, 2026, further DOE authorization steps for Aurora-INL, and any updates on the Meta power campus and isotope commercial contracts. Overall, execution credibility improved, but timing of commercial revenue remains uncertain.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Oklo: Vertically integrated nuclear platform with $2.5B cash advancing power, fuel, isotopes.

Revenue & Profitability

In Q1 2026, Oklo reported a net loss of $33.1 million, consisting of a loss from operations of $51.2 million and income tax expense of $3.2 million, partially offset by $21.3 million of net interest and dividend income. Cash used in operating activities was $17.9 million. The company ended the quarter with $2.5 billion in cash and marketable securities ($1.6B cash, $0.9B marketable securities). 2026 guidance includes operating cash use of $80-100 million and capex of $350-450 million.

Outlook

Management highlighted strong tailwinds from U.S. nuclear policy shifting from endorsement to execution. PJM is projecting a 50-60 GW capacity shortfall over the next decade, supporting co-located campus models. The DOE has launched initiatives for private fuel recycling and space nuclear power. The NRC is expanding licensing pathways, including Part 57 for faster, repeatable deployment of small advanced reactors.

Growth Drivers

Key growth levers include data center demand (e.g., Meta 1.2 GW campus in Ohio), industrial and defense applications (Eielson Air Force Base cogeneration), and isotope commercial offtake. Fuel optionality through government surplus plutonium and recycling provides bridge supply. The company is also leveraging AI partnerships (NVIDIA, Los Alamos, INL) to accelerate reactor and fuel design.

Balance Sheet & CapEx

Oklo guided 2026 capital spending of $350-450 million for property, plant, and equipment across all three business units. In Q1, capital spend was $32.8 million. The company is accelerating procurement and construction for Aurora-INL, the fuel fabrication facility (A3F), the Tennessee recycling facility, and the Groves isotope test reactor.

Margins

Not discussed in this earnings call.

Key Risks

Risks discussed include fuel procurement timing and availability (HALEU, plutonium, recycling), regulatory timelines for DOE and NRC approvals, and the need to scale multiple asset deployments simultaneously. Management noted that the company has diversified fuel pathways to mitigate supply risk and is building a strong balance sheet to support execution.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-08-07

Achieved record-setting first criticality at Groves, advanced flagship projects, and strengthened vertical integration across power, fuel, and isotopes. Ended Q2 with $3B in liquidity, updated 2026 cash use guidance, and secured diversified fuel pathways to support scalable deployment.

Q1 2026 Q1 2026 2026-05-12

Q1 2026 saw strong execution across power, fuel, and isotope segments, with $2.5B in liquidity and major regulatory and construction milestones achieved. Strategic partnerships and new NRC pathways support accelerated deployment and diversified fuel sourcing.

Q4 2025 Q4 2025 2026-03-17

Transitioned to active project deployment in 2025, advancing power, fuel, and isotope assets, and secured a major prepayment agreement with Meta. Ended the year with $1.4B in cash, raised an additional $1.182B, and increased 2026 investment guidance to support growth across all business units.

Q3 2025 Q3 2025 2025-11-11

Momentum continues with major regulatory, construction, and fuel supply milestones, including DOE pilot program selections, groundbreaking at Aurora INL, and a $1.68B fuel center. Q3 ended with $1.2B in cash, a $36.3M operating loss, and strong customer pipeline progress.

Q2 2025 Q2 2025 2025-08-11

Federal policy and regulatory reforms are accelerating advanced nuclear deployment, supporting Oklo's licensing, fuel strategy, and project economics. Strong liquidity from a $460M equity raise and a 14 GW customer pipeline position the company for rapid growth and scalable operations.

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