Oklo Inc (OKLO)
NYSE:OKLO
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Oklo Inc
(NYSE:OKLO)
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Rating:56Neutral
Price Target:
$72.00
▲(7.77% Upside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak financial performance (pre-revenue, widening losses, and higher cash burn) and limited valuation support (negative P/E, no dividend). Offsetting these are a relatively constructive earnings-call outlook supported by very strong liquidity and multiple execution milestones, plus neutral-to-moderately positive technical momentum.
Positive Factors
Strong liquidity
A $2.5B cash and securities buffer materially reduces near-term solvency risk for a capital-intensive build phase. This equity-funded liquidity supports planned P,P&E spending, gives time to achieve licensing/customer milestones, and lowers immediate dilution pressure versus firms with weaker balance sheets.
Negative Factors
Pre-revenue losses
Absent any operating revenue, the company depends entirely on financing to fund operations and builds. Growing losses and negative cash flows increase financing frequency and dilution risk, and delay any path to self-sustaining cash generation until commercial plants and isotope sales scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity
A $2.5B cash and securities buffer materially reduces near-term solvency risk for a capital-intensive build phase. This equity-funded liquidity supports planned P,P&E spending, gives time to achieve licensing/customer milestones, and lowers immediate dilution pressure versus firms with weaker balance sheets.
Read all positive factors
Oklo Inc (OKLO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.81B
Dividend YieldN/A
Average Volume (3M)9.58M
Price to Earnings (P/E)―
Beta (1Y)2.43
Revenue GrowthN/A
EPS Growth86.44%
CountryUS
Employees120
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)-0.72
Shares Outstanding173,919,850
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 Cap0.92
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-79.18K
Enterprise Value/Ebitda-84.93
Forecast
1Y Price Target
$89.82Price Target Upside34.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
EPS Forecast (FY)-0.79
Revenue Forecast (FY)$2.05M
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:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call highlights strong execution momentum across Oklo's integrated platform — notable regulatory approvals, material progress on fuel and isotope facilities, strategic commercial partnerships and a fortified balance sheet with $2.5B liquidity. At the same time, the company remains in a capital-intensive build phase with ongoing operating losses, substantial near-term cash deployment, and multiple timing dependencies (DSAs, readiness reviews, PJM interconnection and fuel availability) that present execution risk. Net-net, milestones achieved and the large cash buffer provide a positive outlook, but near-term delivery and regulatory timing remain key risks to monitor.Positive Updates
Strengthened Balance Sheet and Liquidity
Oklo ended Q1 2026 with $2.5 billion in cash and marketable securities (cash $1.6B, marketable securities $0.9B). The company generated $1.2B in capital from the completion of its ATM program in the quarter (approximately 48% of the total cash+securities on hand). Cash represents ~64% of the combined balance, marketable securities ~36%.
Negative Updates
Continuing Operating Losses and Non-GAAP Adjustments
Q1 net loss was $33.1M comprised of loss from operations of $51.2M and income tax expense of $3.2M, offset by $21.3M of net interest and dividend income. Noncash stock-based compensation charges were $15.6M, contributing materially to the reported loss.
Read all updates
Q1-2026 Updates
Positive
Negative
Strengthened Balance Sheet and Liquidity
Oklo ended Q1 2026 with $2.5 billion in cash and marketable securities (cash $1.6B, marketable securities $0.9B). The company generated $1.2B in capital from the completion of its ATM program in the quarter (approximately 48% of the total cash+securities on hand). Cash represents ~64% of the combined balance, marketable securities ~36%.
Read all positive updates
Company Guidance
Oklo reaffirmed 2026 guidance and said it is trending toward the targets of $80–100 million of cash used in operating activities and $350–450 million of cash used in investing activities for property, plant and equipment; management expects continued progress as procurement and construction accelerate. In Q1 2026 the company reported a net loss of $33.1 million (loss from operations $51.2 million), income tax expense $3.2 million, offset by $21.3 million of net interest and dividend income, with cash used in operating activities of $17.9 million and cash used in investing activities of $359 million (including $321.2 million of marketable securities purchases, $32.8 million of capital spend and $5 million of other investing activity); non‑cash stock‑based compensation was $15.6 million. Oklo closed its ATM in Q1, generating $1.2 billion of capital, and ended the quarter with $2.5 billion of cash and marketable securities (cash and equivalents $1.6 billion; marketable securities $0.9 billion).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% | |
65 Neutral | $12.10B | 92.85 | 9.34% | 4.15% | 4.84% | 5.77% | |
63 Neutral | $9.83B | 49.27 | 9.47% | 3.82% | 4.11% | -6.40% | |
62 Neutral | $7.96B | 28.93 | 9.42% | 2.72% | -2.03% | 7.94% | |
60 Neutral | $18.75B | 20.61 | 11.24% | 3.11% | 8.34% | 10.00% | |
59 Neutral | $6.56B | 351.37 | 4.35% | 2.80% | 8.46% | -38.43% | |
56 Neutral | $12.81B | -63.87 | -11.59% | ― | ― | 86.44% |
* Utilities Sector Average
OKLO
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Oklo Inc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Oklo Establishes New At-The-Market Equity Offering Program
Positive
May 13, 2026
On May 13, 2026, Oklo Inc. entered a new equity distribution agreement with a syndicate of major investment banks, allowing the company to sell up to $1 billion of Class A common stock from time to time through an at‑the‑market offerin...
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.