Oklo Inc (OKLO)
NYSE:OKLO
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Oklo Inc
(NYSE:OKLO)
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Rating:49Neutral
Price Target:
$45.00
▼(-9.26% Downside)
Action:ReiteratedDate:03/18/26
Score is held down primarily by weak financial performance (pre-revenue, widening losses and accelerating cash burn) and bearish technical momentum (below key moving averages with negative MACD). The earnings call offsets some of this with a much stronger liquidity runway and notable DOE/commercial progress, but elevated 2026 spend and execution/regulatory uncertainty keep overall risk elevated.
Positive Factors
Strong liquidity runway
Oklo’s pro forma liquidity of roughly $2.58B provides durable financial flexibility to fund multi-year licensing, long‑lead procurements and staged plant builds without immediate revenue. This reduces near‑term dilution pressure, enables deliberate project sequencing and supports sustained R&D and regulatory work.
Negative Factors
Pre‑revenue, widening losses
Oklo remains pre‑revenue while operating losses and cash burn widened in 2025, leaving the company reliant on financing until plants produce contracted power. Persistent negative cash flow increases the long‑term risk of dilution or reprioritized projects if commercial deployments are delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity runway
Oklo’s pro forma liquidity of roughly $2.58B provides durable financial flexibility to fund multi-year licensing, long‑lead procurements and staged plant builds without immediate revenue. This reduces near‑term dilution pressure, enables deliberate project sequencing and supports sustained R&D and regulatory work.
Read all positive factors
Oklo Inc (OKLO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.61B
Dividend YieldN/A
Average Volume (3M)7.51M
Price to Earnings (P/E)―
Beta (1Y)2.34
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. Volume9,504,381
30 Day Avg. Volume7,514,613
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 Cap0.88
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-50.71K
Enterprise Value/Ebitda-54.39
Forecast
1Y Price Target
$95.23Price Target Upside92.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
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 commercial model is oriented around selling energy and related services from nuclear power plants it develops and operates, rather than primarily selling reactor hardware. Key ways it expects to generate revenue include: (1) Long-term power...
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
Negative
49.59
Price Trends
66.81
Negative
80.14
Negative
85.92
Negative
Market Momentum
-4.95
Positive
36.33
Neutral
13.85
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OKLO, the sentiment is Negative. The current price of 49.59 is below the 20-day moving average (MA) of 56.95, below the 50-day MA of 66.81, and below the 200-day MA of 85.92, indicating a bearish trend. The MACD of -4.95 indicates Positive momentum. The RSI at 36.33 is Neutral, neither overbought nor oversold. The STOCH value of 13.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
65 Neutral | $12.18B | 17.22 | 8.91% | 4.15% | 5.70% | -8.25% | |
64 Neutral | $9.89B | 31.15 | 9.89% | 3.82% | 18.03% | 29.46% | |
62 Neutral | $18.45B | 20.63 | 11.22% | 3.11% | 7.76% | 23.48% | |
62 Neutral | $7.85B | 21.22 | 9.38% | 2.72% | -1.58% | 8.49% | |
50 Neutral | $6.37B | -140.94 | 4.85% | 2.80% | 10.65% | -10.67% | |
49 Neutral | $8.61B | -99.39 | -11.59% | ― | ― | 89.94% |
* Utilities Sector Average
OKLO
Oklo Inc
49.59
26.89
118.46%
LNT
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71.76
9.28
14.86%
IDA
IdaCorp
142.97
27.13
23.42%
OGE
OGE Energy
47.96
3.33
7.46%
PNW
Pinnacle West Capital
100.75
9.02
9.84%
TXNM
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58.46
6.16
11.79%
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.