Oklo Inc (OKLO)
NYSE:OKLO
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Oklo Inc
(NYSE:OKLO)
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Rating:52Neutral
Price Target:
$54.00
▼(-19.17% Downside)
Action:ReiteratedDate:04/15/26
The score is held down primarily by weak financial performance (pre-revenue with widening losses and materially higher cash burn) and bearish longer-term technical trend signals. This is partly offset by a constructive earnings-call outlook highlighting major regulatory/commercial progress and a materially strengthened liquidity position, which reduces near-term funding risk despite elevated 2026 spend guidance.
Positive Factors
Strong, equity-funded balance sheet
A >$2.5B liquidity position materially extends runway for multi-year plant buildouts and R&D, reducing near-term dilution risk. This durable cash buffer supports funding large CapEx, procurement of long‑lead items, and strategic hires while licensing and commercialization proceed.
Negative Factors
Pre‑revenue with widening losses
Absent operating revenue, expanding operating losses and negative EBIT are structural risks: sustained cash burn requires repeated financing or project delays. Over months, persistent losses can erode equity, increase dilution, and constrain capacity to self‑fund subsequent build phases.
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Positive Factors
Negative Factors
Strong, equity-funded balance sheet
A >$2.5B liquidity position materially extends runway for multi-year plant buildouts and R&D, reducing near-term dilution risk. This durable cash buffer supports funding large CapEx, procurement of long‑lead items, and strategic hires while licensing and commercialization proceed.
Read all positive factors
Oklo Inc (OKLO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.83B
Dividend YieldN/A
Average Volume (3M)9.58M
Price to Earnings (P/E)―
Beta (1Y)2.41
Revenue GrowthN/A
EPS Growth89.94%
CountryUS
Employees120
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)-0.27
Shares Outstanding173,568,790
10 Day Avg. Volume12,498,543
30 Day Avg. Volume9,577,027
Financial Highlights & Ratios
PEG Ratio30.44
Price to Book (P/B)7.11
Price to Sales (P/S)0.00
P/FCF Ratio-91.02
Enterprise Value/Market Cap0.85
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-67.62K
Enterprise Value/Ebitda-72.52
Forecast
1Y Price Target
$91.05Price Target Upside36.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)-0.75
Revenue Forecast (FY)$2.22M
Oklo Inc Business Overview & Revenue Model
Company Description
Oklo Inc. designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Cla...
How the Company Makes Money
Oklo’s intended business model is to generate revenue primarily by selling energy and related services from its nuclear power plants rather than only selling reactor hardware. Key expected revenue streams include: (1) Long-term power/heat sales: O...
Oklo Inc Earnings Call Summary
Earnings Call Date:Mar 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and strategic progress across power, fuel and isotope business units with multiple DOE authorizations, a large commercial prepayment with Meta, rapid construction milestones (notably Groves), and a materially strengthened balance sheet after a ~$1.182 billion capital raise. Offsetting these positives are ongoing operating losses, increased 2026 operating and investing cash needs (notably $80M–$100M ops and $350M–$450M investing), some schedule shifts (Aurora-INL to 2028) and execution/regulatory uncertainties (evolving NRC framework and aggressive near-term targets). Overall, the weight of the advances, funding runway and commercial traction outweigh the near-term financial burn and execution risks, supporting a constructive outlook.Positive Updates
Major DOE Authorizations and Licensing Progress
Aurora-INL, Groves and A3F executed DOE Other Transaction Agreements and received Nuclear Safety Design Agreement (NSDA) approvals; A3F also received preliminary documented safety analysis (PDSA) approval and was selected under the DOE Advanced Nuclear Fuel Line Pilot Program (Oklo's PDSA was the first approved under the program). Idaho Radiochemistry Laboratory obtained its NRC materials license.
Negative Updates
Operating Loss and Ongoing Cash Burn
Reported a loss from operations of $139.3 million in 2025 (including $41.8 million of noncash stock-based compensation) and a loss before income taxes of $110.2 million. Cash used in operating activities totaled $82.2 million for the year, indicating ongoing negative operating cash flow as the company scales deployment.
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Q4-2025 Updates
Positive
Negative
Major DOE Authorizations and Licensing Progress
Aurora-INL, Groves and A3F executed DOE Other Transaction Agreements and received Nuclear Safety Design Agreement (NSDA) approvals; A3F also received preliminary documented safety analysis (PDSA) approval and was selected under the DOE Advanced Nuclear Fuel Line Pilot Program (Oklo's PDSA was the first approved under the program). Idaho Radiochemistry Laboratory obtained its NRC materials license.
Read all positive updates
Company Guidance
Oklo updated financial guidance and key metrics: full-year 2025 results included an operating loss of $139.3M (loss before taxes $110.2M) with $41.8M of non‑cash stock‑based compensation and $29.1M of interest/dividend income; cash used in operating activities was $82.2M (adjusted $69.2M after reclassifying ~$13M of prepaid capital, within prior guidance of $65M–$80M for 2025). For 2026 the company now guides cash used in operating activities of $80M–$100M and expects cash used in investing activities (CapEx) of $350M–$450M; Oklo ended 2025 with $1.4B of cash and marketable securities and raised an additional $1.182B net in Jan‑2026 (completing a $1.5B ATM), leaving pro forma liquidity of roughly $2.5B. Project timing guidance included Aurora‑INL targeting 2028, Aurora‑Ohio Phase 1 at ~150 MW around 2030 (part of a potential 1.2 GW campus), and Groves aiming for criticality by July 4, 2026.Oklo Inc Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
64
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -522.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -139.29M | -52.53M | -18.56M | -10.00M | -5.16M |
| Net Income | -105.66M | -73.62M | -32.17M | -10.02M | -5.16M |
Balance Sheet | |||||
| Total Assets | 1.53B | 281.74M | 14.88M | 10.99M | 11.04M |
| Cash, Cash Equivalents and Short-Term Investments | 1.23B | 227.81M | 9.87M | 9.65M | 10.44M |
| Total Debt | 1.45M | 1.28M | 250.00K | 304.18K | 494.32K |
| Total Liabilities | 52.25M | 30.88M | 49.25M | 39.10M | 4.74M |
| Stockholders Equity | 1.48B | 250.86M | -34.36M | -28.11M | 6.30M |
Cash Flow | |||||
| Free Cash Flow | -115.38M | -38.74M | -16.08M | -10.14M | -1.94M |
| Operating Cash Flow | -82.17M | -38.39M | -16.00M | -9.99M | -1.88M |
| Investing Cash Flow | -489.68M | -175.77M | -83.00K | -149.56K | -500.00M |
| Financing Cash Flow | 1.26B | 301.43M | 16.30M | 9.35M | 505.22M |
Oklo Inc Technical Analysis
Positive
66.81
Price Trends
59.61
Positive
74.11
Negative
85.65
Negative
Market Momentum
0.37
Negative
64.70
Neutral
80.20
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OKLO, the sentiment is Positive. The current price of 66.81 is above the 20-day moving average (MA) of 53.22, above the 50-day MA of 59.61, and below the 200-day MA of 85.65, indicating a neutral trend. The MACD of 0.37 indicates Negative momentum. The RSI at 64.70 is Neutral, neither overbought nor oversold. The STOCH value of 80.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OKLO.
Oklo Inc Risk Analysis
Oklo Inc disclosed 57 risk factors in its most recent earnings report. Oklo Inc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oklo Inc Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $12.46B | 17.22 | 8.91% | 4.15% | 5.70% | -8.25% | |
62 Neutral | $18.70B | 20.63 | 11.22% | 3.11% | 7.76% | 23.48% | |
62 Neutral | $8.07B | 21.22 | 9.38% | 2.72% | -1.58% | 8.49% | |
59 Neutral | $9.76B | 18.32 | 9.89% | 3.82% | 18.03% | 29.46% | |
52 Neutral | $11.83B | -99.39 | -11.59% | ― | ― | 89.94% | |
50 Neutral | $6.42B | -140.94 | 4.85% | 2.80% | 10.65% | -10.67% |
* Utilities Sector Average
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Oklo Inc Corporate Events
Business Operations and StrategyExecutive/Board Changes
Oklo Expands Board With New Independent Directors, Leadership Shift
Positive
Apr 14, 2026
On April 10, 2026, Oklo expanded its board to eleven members and appointed four new independent directors—Dr. Mark Peters, David Christian, Derek Kan, and David Park—adding deep experience across nuclear energy, infrastructure, technol...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.