Oklo Inc (OKLO) AI Stock Analysis

• Market Cap: $15.00B
• Dividend Yield: N/A
• Average Volume (3M): 10.90M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.09
• Revenue Growth: N/A
• EPS Growth: 89.94%
• Country: US
• Employees: 120
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): -0.20
• Shares Outstanding: 156,247,070
• 10 Day Avg. Volume: 13,734,132
• 30 Day Avg. Volume: 10,895,302
• PEG Ratio: -0.48
• Price to Book (P/B): 8.37
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -54.20
• Enterprise Value/Market Cap: 1.06
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -163.37
• 1Y Price Target: $125.11
• Price Target Upside: 30.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): -0.63
• Revenue Forecast (FY): $1.76M

• Rating: 57 Neutral
• Price Target: $99.00 ▲(3.16% Upside)

The score is held back primarily by weak financial performance (no revenue, ongoing losses, and rising cash burn) and limited valuation support (negative P/E, no dividend). These are partly offset by a strong earnings-call outlook (substantial cash position, burn within guidance, and major deployment/regulatory and partnership milestones) and a mixed-to-moderate technical setup.

Positive Factors

Strong balance sheet and liquidity

Oklo's ~$1.2B liquidity combined with extremely low leverage provides multi-year runway for licensing, construction and early operations. For a capital-intensive build‑own‑operate model, a strong balance sheet preserves strategic optionality and reduces near-term financing pressure while projects mature.

Regulatory progress on fuel fabrication

Approval of the Preliminary Documented Safety Analysis for the Aurora fuel facility is a durable regulatory milestone that advances domestic HALEU fabrication. Securing safety-basis approvals materially reduces authorization risk, accelerates first‑of‑a‑kind commissioning and underpins long‑term plant deployment timelines.

Vertical integration of fuel supply

A planned $1.68B Advanced Fuel Center signals strategic vertical integration of fuel fabrication and recycling. Controlling fuel supply addresses HALEU availability, can stabilize input costs over time, and supports Oklo's build‑own‑operate economics and potential ancillary fuel‑cycle revenues.

Negative Factors

Pre-revenue with persistent losses

Oklo remains pre-commercial with no recorded revenue across multiple years and recurring operating losses. Long-term profitability hinges on successful licensing, capital deployment and contract wins; until commercial plants operate, earnings and margin sustainability are speculative and distant.

Rising cash burn and weak cash generation

Negative operating and free cash flow that worsened in the TTM highlights growing funding needs. For multi-year reactor development, escalating burn increases the cadence and quantum of capital raises required and magnifies execution risk if financing windows tighten.

Dependence on external capital (dilution risk)

An ATM agreement to raise up to $1.5B underscores ongoing reliance on public markets to fund scale‑up. For a capital‑intensive build‑own‑operate strategy, persistent market financing increases dilution risk and exposes project timelines to market access and cost‑of‑capital variability over multiple years.

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 Clara, California.

How the Company Makes Money

Oklo Inc generates revenue primarily through the development, sale, and operation of its advanced nuclear reactors. The company secures contracts with utilities and industrial customers who require stable and sustainable energy solutions. Oklo's reactors are designed to be deployed in a variety of settings, offering flexibility to its clients. Additionally, Oklo may engage in strategic partnerships with governments and private entities to further expand its market reach and technological capabilities. Revenue streams are further enhanced by providing long-term operational support and maintenance services for the reactors, ensuring a continuous relationship with clients.

Oklo Inc Financial Statement Overview

Summary

Oklo Inc. is facing significant financial challenges with no revenue generation and consistent net losses. Despite a strong equity position, the lack of revenue and negative cash flow are critical concerns that undermine financial stability.

Income Statement

Oklo Inc has reported no revenue over the periods, indicating potential challenges in sales or product launch. The company continues to incur significant losses with negative EBIT and net income, highlighting ongoing operational challenges. The lack of revenue growth and persistent net losses indicate financial instability at present.

Balance Sheet

The company has a strong equity position with a substantial stockholders' equity compared to its total assets, indicating a solid capital base. However, the presence of high liabilities relative to zero revenue and negative income poses a risk. The debt-to-equity ratio is low, suggesting limited leverage, which is a positive aspect in terms of financial risk.

Cash Flow

Oklo Inc is experiencing negative free cash flow, reflecting higher expenses and investment than cash generation. The negative operating cash flow relative to net income indicates cash constraints. Without substantial revenue, the company faces challenges in improving its cash flow position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	0.00
EBITDA	-97.12M	-52.53M	-18.56M	-10.00M	-5.16M
Net Income	-74.51M	-73.62M	-32.17M	-10.02M	-5.16M
Balance Sheet
Total Assets	1.25B	281.74M	14.88M	10.99M	11.04M
Cash, Cash Equivalents and Short-Term Investments	921.60M	227.81M	9.87M	9.65M	10.44M
Total Debt	1.94M	1.28M	250.00K	304.18K	494.32K
Total Liabilities	40.63M	30.88M	49.25M	39.10M	4.74M
Stockholders Equity	1.21B	250.86M	-34.36M	-28.11M	6.30M
Cash Flow
Free Cash Flow	-68.54M	-38.74M	-16.08M	-10.14M	-1.94M
Operating Cash Flow	-62.21M	-38.39M	-16.00M	-9.99M	-1.88M
Investing Cash Flow	-587.71M	-175.77M	-83.00K	-149.56K	-500.00M
Financing Cash Flow	968.16M	301.43M	16.30M	9.35M	505.22M

Oklo Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 95.97
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 95.97 is above the 20-day moving average (MA) of 86.41, above the 50-day MA of 93.82, and above the 200-day MA of 77.45, indicating a neutral trend. The MACD of 1.06 indicates Negative momentum. The RSI at 49.47 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OKLO.

Oklo Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGE	67 Neutral	$8.93B	17.43	10.69%	3.82%	18.03%	29.46%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
LNT	65 Neutral	$17.19B	21.04	11.46%	3.11%	7.76%	23.48%
IDA	65 Neutral	$7.15B	22.70	9.41%	2.72%	-1.58%	8.49%
PNW	65 Neutral	$11.05B	18.95	8.62%	4.15%	5.70%	-8.25%
TXNM	60 Neutral	$6.44B	34.54	6.02%	2.80%	10.65%	-10.67%
OKLO	57 Neutral	$15.00B	-176.00	-10.14%	―	―	89.94%

Oklo Inc Corporate Events

Oklo Inc. Announces $1.5 Billion Equity Distribution

On December 4, 2025, Oklo Inc. entered into an equity distribution agreement with several major financial institutions, allowing the company to offer and sell shares of its Class A common stock, potentially raising up to $1.5 billion. This agreement enables Oklo Inc. to conduct an ‘at the market’ equity offering, providing flexibility in selling shares through various market venues, with the sales agents receiving a commission for their services. This move is expected to impact Oklo Inc.’s financial strategy and market presence, as it allows the company to raise significant capital while maintaining control over the timing and pricing of the stock sales.

The most recent analyst rating on (OKLO) stock is a Hold with a $95.00 price target. To see the full list of analyst forecasts on Oklo Inc stock, see the OKLO Stock Forecast page.