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Oklo (OKLO) Financials

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$125.32 +5.20 (+4.33%)
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Annual Income Statements for Oklo

Annual Income Statements for Oklo

This table shows Oklo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders
3.93 -32 -74
Consolidated Net Income / (Loss)
3.93 -32 -74
Net Income / (Loss) Continuing Operations
3.93 -32 -74
Total Pre-Tax Income
5.40 -32 -73
Total Operating Income
-1.81 -19 -53
Total Gross Profit
0.00 0.00 0.00
Total Revenue
0.00 0.00 0.00
Total Cost of Revenue
0.00 0.00 0.00
Total Operating Expenses
1.81 19 53
Selling, General & Admin Expense
1.81 8.87 26
Research & Development Expense
- 9.76 27
Total Other Income / (Expense), net
7.21 -14 -20
Interest & Investment Income
- 0.18 7.73
Other Income / (Expense), net
7.21 -14 -28
Income Tax Expense
1.47 0.00 0.68
Basic Earnings per Share
$0.12 ($0.47) ($0.74)
Weighted Average Basic Shares Outstanding
63.95M 68.89M 98.91M
Diluted Earnings per Share
$0.12 ($0.47) ($0.74)
Weighted Average Diluted Shares Outstanding
63.95M 68.89M 98.91M
Weighted Average Basic & Diluted Shares Outstanding
63.95M 43.10M 139.02M

Quarterly Income Statements for Oklo

This table shows Oklo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders
2.79 3.09 -4.47 -8.67 -22 -24 -27 -9.96 452 -9.81 -25
Consolidated Net Income / (Loss)
2.79 3.09 -4.47 -8.67 -22 -24 -27 -9.96 -36 -9.81 -25
Net Income / (Loss) Continuing Operations
2.79 3.09 -4.47 -8.67 -22 -24 -27 -9.96 -36 -9.81 -25
Total Pre-Tax Income
3.63 4.21 -4.47 -8.67 -23 -24 -27 -9.73 -37 -14 -24
Total Operating Income
-0.45 -1.16 -3.35 -4.66 -9.46 -7.37 -18 -12 -22 -18 -28
Total Gross Profit
- 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Revenue
- 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Cost of Revenue
- 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses
0.45 1.16 3.35 4.66 9.46 7.37 18 12 22 18 28
Selling, General & Admin Expense
0.45 1.16 1.52 2.96 3.24 3.71 7.05 7.23 11 10 17
Research & Development Expense
- - 1.83 1.71 - 3.66 11 5.05 - 7.85 11
Total Other Income / (Expense), net
4.08 5.36 -1.12 -4.00 -14 -17 -9.36 2.55 -15 3.65 3.76
Interest & Investment Income
- - 0.00 0.08 - 0.14 1.72 2.55 - 3.65 3.76
Other Income / (Expense), net
4.08 5.36 -1.12 -4.08 -14 -17 -11 - - 0.00 0.00
Income Tax Expense
0.85 1.12 0.00 0.00 -1.12 0.00 0.16 0.22 -1.11 -4.41 0.43
Basic Earnings per Share
$0.11 $0.10 ($0.12) ($0.13) ($0.32) ($0.34) ($0.27) ($0.08) ($0.45) ($0.07) ($0.18)
Weighted Average Basic Shares Outstanding
63.95M 63.95M 68.85M 68.45M 68.89M 70.32M 100.02M 122.13M 98.91M 138.11M 140.09M
Diluted Earnings per Share
$0.11 $0.10 ($0.12) ($0.13) ($0.32) ($0.34) ($0.27) ($0.08) ($0.45) ($0.07) ($0.18)
Weighted Average Diluted Shares Outstanding
63.95M 63.95M 68.85M 68.45M 68.89M 70.32M 100.02M 122.13M 98.91M 138.11M 140.09M
Weighted Average Basic & Diluted Shares Outstanding
63.95M 63.95M 63.95M 43.10M 43.10M 43.10M 122.10M 122.10M 139.02M 139.21M 147.61M

Annual Cash Flow Statements for Oklo

This table details how cash moves in and out of Oklo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents
0.24 0.21 87
Net Cash From Operating Activities
-0.95 -16 -38
Net Cash From Continuing Operating Activities
-0.95 -16 -38
Net Income / (Loss) Continuing Operations
3.93 -32 -74
Consolidated Net Income / (Loss)
3.93 -32 -74
Depreciation Expense
- 0.08 0.27
Amortization Expense
- 0.00 -0.52
Non-Cash Adjustments To Reconcile Net Income
-7.21 14 40
Changes in Operating Assets and Liabilities, net
2.33 1.61 -4.90
Net Cash From Investing Activities
1.20 -0.08 -176
Net Cash From Continuing Investing Activities
1.20 -0.08 -176
Purchase of Property, Plant & Equipment
- -0.08 -0.35
Purchase of Investments
- 0.00 -292
Sale and/or Maturity of Investments
- 0.00 116
Net Cash From Financing Activities
0.00 16 301
Net Cash From Continuing Financing Activities
0.00 16 301
Repurchase of Common Equity
0.00 -3.14 -11
Other Financing Activities, net
- 19 312
Cash Interest Paid
- 0.00 0.00
Cash Income Taxes Paid
0.00 0.00 0.91

Quarterly Cash Flow Statements for Oklo

This table details how cash moves in and out of Oklo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Net Change in Cash & Equivalents
0.99 -0.68 -3.88 4.92 -0.14 28 97 -14 5.33 -7.05 137
Net Cash From Operating Activities
-0.21 -0.68 -6.14 -3.55 -5.62 -7.29 -16 -7.88 -13 -12 -18
Net Cash From Continuing Operating Activities
-0.21 -0.68 -6.14 -3.55 -5.62 -7.29 -16 -7.88 -13 -12 -18
Net Income / (Loss) Continuing Operations
2.79 3.09 -12 -8.67 -14 -24 -55 -9.96 -10 -9.81 -25
Consolidated Net Income / (Loss)
2.79 3.09 -12 -8.67 -14 -24 -55 -9.96 -10 -9.81 -25
Depreciation Expense
- - - 0.01 0.04 0.05 - 0.07 0.09 0.12 0.13
Amortization Expense
- - - - - 0.00 - - -0.26 -0.31 -0.03
Non-Cash Adjustments To Reconcile Net Income
-4.08 -5.36 7.95 4.12 7.79 17 43 1.91 -0.29 2.31 11
Changes in Operating Assets and Liabilities, net
1.09 1.59 -1.84 0.98 0.87 -0.77 -3.76 0.36 -2.72 -4.56 -5.25
Net Cash From Investing Activities
1.20 0.00 -0.03 -0.03 -0.02 -0.10 -188 -5.61 18 6.06 -287
Net Cash From Continuing Investing Activities
1.20 0.00 -0.03 -0.03 -0.02 -0.10 -188 -5.61 18 6.06 -287
Purchase of Property, Plant & Equipment
- - - -0.03 -0.02 -0.10 - -0.11 -0.07 -0.33 -0.88
Purchase of Investments
- - - - - 0.00 - -59 -31 -30 -317
Sale and/or Maturity of Investments
- - - - - 0.00 - 53 49 37 31
Net Cash From Financing Activities
- 0.00 2.29 8.50 5.50 36 301 -0.39 0.60 -0.88 442
Net Cash From Continuing Financing Activities
- 0.00 2.29 8.50 5.50 36 301 -0.39 0.60 -0.88 442
Repurchase of Common Equity
- - - -1.54 -1.58 -0.14 - -0.39 -0.00 0.00 -0.30
Other Financing Activities, net
- - - 12 7.09 36 - 10 0.60 -0.88 0.63

Annual Balance Sheets for Oklo

This table presents Oklo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets
505 510 15 282
Total Current Assets
4.18 4.00 14 232
Cash & Equivalents
3.34 3.58 9.87 97
Short-Term Investments
- - 0.00 131
Prepaid Expenses
0.84 0.42 4.33 4.13
Plant, Property, & Equipment, net
0.00 0.00 0.58 1.20
Total Noncurrent Assets
501 506 0.11 49
Long-Term Investments
- - 0.00 47
Goodwill
- - - 0.00
Intangible Assets
- - - 0.00
Other Noncurrent Operating Assets
501 506 0.11 1.12
Total Liabilities & Shareholders' Equity
505 510 15 282
Total Liabilities
18 19 49 31
Total Current Liabilities
0.31 1.48 3.20 5.34
Accounts Payable
- - 2.27 2.97
Accrued Expenses
0.31 0.30 0.84 1.89
Other Current Liabilities
- - 0.09 0.48
Total Noncurrent Liabilities
18 18 46 26
Noncurrent Deferred & Payable Income Tax Liabilities
0.00 0.29 - 0.00
Other Noncurrent Operating Liabilities
18 18 46 26
Commitments & Contingencies
0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-13 -14 -34 251
Total Preferred & Common Equity
-13 -14 -34 251
Total Common Equity
-13 -14 -34 251
Common Stock
0.00 0.00 27 384
Retained Earnings
-13 -14 -61 -135
Accumulated Other Comprehensive Income / (Loss)
- - 0.00 2.21

Quarterly Balance Sheets for Oklo

This table presents Oklo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets
506 515 517 520 308 299 294 302 731
Total Current Assets
3.24 3.17 0.88 1.78 0.70 239 235 205 543
Cash & Equivalents
2.59 2.90 0.84 1.75 0.42 106 92 90 227
Short-Term Investments
- - - - - 130 140 111 308
Prepaid Expenses
0.65 0.27 0.04 0.03 0.28 3.94 3.44 3.89 8.24
Plant, Property, & Equipment, net
0.00 0.00 0.00 0.00 0.00 0.64 0.68 1.45 3.71
Total Noncurrent Assets
503 512 516 518 308 59 58 96 185
Long-Term Investments
- - - - - 59 57 60 149
Goodwill
- - - - - - - 6.72 6.72
Intangible Assets
- - - - - - - 28 28
Other Noncurrent Operating Assets
503 512 516 518 308 0.04 1.21 1.90 1.95
Total Liabilities & Shareholders' Equity
506 515 517 520 308 299 294 302 731
Total Liabilities
19 21 19 20 12 30 31 33 35
Total Current Liabilities
0.95 3.25 1.61 2.37 4.56 4.88 4.85 5.66 7.61
Accounts Payable
- - - - - 1.07 0.36 1.43 2.34
Accrued Expenses
0.32 0.66 0.38 1.15 0.94 3.77 4.02 3.54 4.42
Other Current Liabilities
- - - - - 0.04 0.47 0.68 0.85
Total Noncurrent Liabilities
18 18 18 18 7.09 25 26 27 27
Noncurrent Deferred & Payable Income Tax Liabilities
- 0.00 0.00 0.00 - - - 1.05 1.05
Other Noncurrent Operating Liabilities
18 18 18 18 7.09 25 26 26 26
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
-13 -14 -15 -17 -8.35 269 263 269 696
Total Preferred & Common Equity
-13 -14 -15 -17 -8.35 269 263 269 696
Total Common Equity
-13 -14 -15 -17 -8.35 269 263 269 696
Common Stock
0.00 0.00 0.00 0.00 6.45 384 385 413 865
Retained Earnings
-13 -14 -15 -17 -15 -115 -125 -145 -170
Accumulated Other Comprehensive Income / (Loss)
- - - - - 0.42 2.72 1.65 1.32

Annual Metrics And Ratios for Oklo

This table displays calculated financial ratios and metrics derived from Oklo's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics
- - -
Revenue Growth
0.00% 0.00% 0.00%
EBITDA Growth
0.00% -697.73% -150.69%
EBIT Growth
0.00% -699.12% -149.33%
NOPAT Growth
0.00% -891.69% -183.33%
Net Income Growth
0.00% -919.53% -128.81%
EPS Growth
0.00% -491.67% -57.45%
Operating Cash Flow Growth
0.00% -1,575.73% -139.97%
Free Cash Flow Firm Growth
0.00% 0.00% -110.95%
Invested Capital Growth
0.00% -109.08% 44.76%
Revenue Q/Q Growth
0.00% 0.00% 0.00%
EBITDA Q/Q Growth
0.00% -499.74% -209.24%
EBIT Q/Q Growth
0.00% -501.14% -208.28%
NOPAT Q/Q Growth
0.00% -93.70% -101.79%
Net Income Q/Q Growth
0.00% -342.75% -364.26%
EPS Q/Q Growth
0.00% -1,075.00% -384.62%
Operating Cash Flow Q/Q Growth
0.00% -51.20% -51.19%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% -111.24%
Invested Capital Q/Q Growth
0.00% -108.88% 3.03%
Profitability Metrics
- - -
Gross Margin
0.00% 0.00% 0.00%
EBITDA Margin
0.00% 0.00% 0.00%
Operating Margin
0.00% 0.00% 0.00%
EBIT Margin
0.00% 0.00% 0.00%
Profit (Net Income) Margin
0.00% 0.00% 0.00%
Tax Burden Percent
72.70% 100.00% 100.94%
Interest Burden Percent
100.00% 99.44% 90.41%
Effective Tax Rate
27.30% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00%
Return on Equity (ROE)
0.80% -14.10% -68.01%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00%
Operating Return on Assets (OROA)
0.00% 0.00% 0.00%
Return on Assets (ROA)
0.00% 0.00% 0.00%
Return on Common Equity (ROCE)
-0.02% 1.49% -68.01%
Return on Equity Simple (ROE_SIMPLE)
-28.44% 93.63% -29.35%
Net Operating Profit after Tax (NOPAT)
-1.32 -13 -37
NOPAT Margin
0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)
146.51% -284.53% -25.71%
Return On Investment Capital (ROIC_SIMPLE)
- 37.97% -14.73%
Cost of Revenue to Revenue
0.00% 0.00% 0.00%
SG&A Expenses to Revenue
0.00% 0.00% 0.00%
R&D to Revenue
0.00% 0.00% 0.00%
Operating Expenses to Revenue
0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)
5.40 -32 -81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
5.40 -32 -81
Valuation Ratios
- - -
Price to Book Value (P/BV)
0.00 0.00 10.33
Price to Tangible Book Value (P/TBV)
0.00 0.00 10.33
Price to Revenue (P/Rev)
0.00 0.00 0.00
Price to Earnings (P/E)
161.59 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00%
Earnings Yield
0.62% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
2.33 0.00 0.00
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
210.25 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
210.25 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.86 0.00
Leverage & Solvency
- - -
Debt to Equity
0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00
Financial Leverage
-0.01 -0.03 -1.32
Leverage Ratio
1.04 1.15 1.37
Compound Leverage Factor
1.04 1.14 1.24
Debt to Total Capital
0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
102.81% 0.00% 0.00%
Common Equity to Total Capital
-2.81% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00
Altman Z-Score
19.63 -6.52 49.72
Noncontrolling Interest Sharing Ratio
102.76% 110.55% 0.00%
Liquidity Ratios
- - -
Current Ratio
2.70 4.43 43.47
Quick Ratio
2.41 3.08 42.69
Cash Flow Metrics
- - -
Free Cash Flow to Firm (FCFF)
0.00 518 -57
Operating Cash Flow to CapEx
0.00% -19,274.70% -10,906.25%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00
Efficiency Ratios
- - -
Asset Turnover
0.00 0.00 0.00
Accounts Receivable Turnover
0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00
Accounts Payable Turnover
0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00
Capital & Investment Metrics
- - -
Invested Capital
487 -44 -24
Invested Capital Turnover
0.00 0.00 0.00
Increase / (Decrease) in Invested Capital
0.00 -531 20
Enterprise Value (EV)
1,135 445 2,317
Market Capitalization
634 455 2,592
Book Value per Share
($0.22) ($0.80) $2.05
Tangible Book Value per Share
($0.22) ($0.80) $2.05
Total Capital
491 -34 251
Total Debt
0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00
Net Debt
-3.58 -9.87 -275
Capital Expenditures (CapEx)
0.00 0.08 0.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1.06 1.13 -1.21
Debt-free Net Working Capital (DFNWC)
2.51 11 227
Net Working Capital (NWC)
2.51 11 227
Net Nonoperating Expense (NNE)
-5.24 19 37
Net Nonoperating Obligations (NNO)
-3.58 -9.87 -275
Total Depreciation and Amortization (D&A)
0.00 0.08 -0.25
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue
0.00% 0.00% 0.00%
Net Working Capital to Revenue
0.00% 0.00% 0.00%
Earnings Adjustments
- - -
Adjusted Basic Earnings per Share
$0.18 $0.40 ($0.74)
Adjusted Weighted Average Basic Shares Outstanding
113.95M 59.37M 98.91M
Adjusted Diluted Earnings per Share
$0.18 $0.40 ($0.74)
Adjusted Weighted Average Diluted Shares Outstanding
113.95M 59.37M 98.91M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
63.95M 43.10M 139.02M
Normalized Net Operating Profit after Tax (NOPAT)
-1.32 -13 -37
Normalized NOPAT Margin
0.00% 0.00% 0.00%
Pre Tax Income Margin
0.00% 0.00% 0.00%
Debt Service Ratios
- - -
EBIT to Interest Expense
0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00
Payout Ratios
- - -
Dividend Payout Ratio
0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% -9.77% -15.02%

Quarterly Metrics And Ratios for Oklo

This table displays calculated financial ratios and metrics derived from Oklo's official financial filings.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth
0.00% 1,183.52% -3,155.08% -534.79% -741.29% -30.23% -590.46% -39.83% 5.99% 25.10% 3.94%
EBIT Growth
0.00% 1,183.52% -3,155.08% -535.45% -742.35% -30.23% -590.46% -40.41% 6.88% 26.03% 2.87%
NOPAT Growth
0.00% -129.58% -1,368.21% -1,004.91% -1,832.60% 37.69% -430.01% -163.33% -129.67% -142.52% -57.64%
Net Income Growth
0.00% 896.08% -8,331.69% -688.00% -894.14% -50.55% -555.80% -14.90% -62.02% 59.16% 9.55%
EPS Growth
0.00% 433.33% 0.00% -425.00% -390.91% -20.00% -141.67% 38.46% -40.63% 79.41% 33.33%
Operating Cash Flow Growth
0.00% -344.32% -3,825.24% -710.16% -2,619.42% -77.91% -157.80% -121.77% -139.48% -68.01% -89.37%
Free Cash Flow Firm Growth
0.00% 0.00% 96.76% 96.65% 0.00% 2,399.37% 3,352.62% 3,281.86% -106.67% 45.01% -111.44%
Invested Capital Growth
0.00% 1.57% 2.76% 2.66% -109.08% -39.68% -105.09% -105.06% 44.76% -97.08% 153.22%
Revenue Q/Q Growth
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth
80.87% 15.78% -206.38% -95.17% -166.78% -78.46% -1,152.78% 60.48% -79.35% 17.54% -54.58%
EBIT Q/Q Growth
80.87% 15.78% -206.38% -95.46% -166.82% -78.46% -1,152.78% 60.25% -76.95% 17.75% -56.74%
NOPAT Q/Q Growth
-15.99% -148.12% -176.02% -39.09% -102.88% -129.22% -2,247.79% 30.89% -76.95% 17.75% -56.74%
Net Income Q/Q Growth
88.96% 10.96% -244.78% -93.70% -155.20% -85.89% -2,020.09% 66.06% -259.86% 72.63% -151.63%
EPS Q/Q Growth
175.00% -9.09% -220.00% -8.33% -146.15% -76.47% -462.50% 72.41% -462.50% 84.44% -157.14%
Operating Cash Flow Q/Q Growth
52.85% -228.27% -804.54% 42.14% -58.28% 61.83% -1,210.74% 50.23% -70.92% 9.10% -50.87%
Free Cash Flow Firm Q/Q Growth
100.00% 0.00% -85.45% -3.28% 3,342.97% -63.57% 162.33% 1.04% -106.80% 885.44% -121.21%
Invested Capital Q/Q Growth
0.37% 0.77% 1.19% 0.30% -108.88% 769.57% -108.53% 0.28% 3.03% 135.37% 55.59%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent
76.67% 73.47% 100.00% 100.00% 95.20% 52.08% 100.56% 102.31% 96.99% 68.98% 101.78%
Interest Burden Percent
100.00% 100.00% 100.00% 99.10% 99.57% 100.00% 94.45% 79.26% 170.04% 79.56% 86.58%
Effective Tax Rate
23.33% 26.53% 0.00% 0.00% 0.00% 47.92% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)
0.80% 1.51% 0.58% -1.47% -14.10% 2.61% -3.80% -4.15% -68.01% -20.99% -11.76%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% 0.00% 0.00% 0.00% 48.85% 0.00% 0.00% 0.00% 159.58% -670.80%
Operating Return on Assets (OROA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)
-0.02% -0.04% -0.02% 0.04% 1.49% -0.07% -1.26% -1.34% -68.01% -9.68% -11.76%
Return on Equity Simple (ROE_SIMPLE)
0.00% -53.16% -19.46% 43.42% 0.00% -123.47% -5.41% -6.02% 0.00% -22.06% 0.00%
Net Operating Profit after Tax (NOPAT)
-0.34 -0.85 -2.35 -3.26 -6.62 -0.53 -12 -8.60 -15 -13 -20
NOPAT Margin
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)
87.45% 131.58% -110.02% -249.08% -230.53% 124.02% -11.45% -0.94% -14.47% 2.07% -1.04%
Return On Investment Capital (ROIC_SIMPLE)
- - - - 19.28% - - - -6.06% -4.65% -2.82%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)
3.63 4.21 -4.47 -8.75 -23 2.93 -31 -12 -22 -18 -28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
3.63 4.21 -4.47 -8.73 -23 2.93 -31 -12 -22 -18 -28
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 0.00 0.00 0.00 0.00 0.00 1.36 3.75 10.33 11.16 11.19
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 1.36 3.75 10.33 12.79 11.77
Price to Revenue (P/Rev)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)
161.59 87.66 231.96 0.00 0.00 47.76 0.00 0.00 0.00 0.00 0.00
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.62% 1.14% 0.43% 0.00% 0.00% 2.09% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)
2.33 2.35 2.37 2.36 0.00 2.69 0.00 0.00 0.00 317.78 528.87
Enterprise Value to Revenue (EV/Rev)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)
210.25 115.45 219.33 0.00 0.00 47.74 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)
210.25 115.45 219.33 0.00 0.00 47.74 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.86 4.14 0.14 1.38 0.00 11.29 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-0.01 -0.01 0.00 0.00 -0.03 0.00 -0.39 -0.38 -1.32 -0.46 -1.01
Leverage Ratio
1.04 1.04 1.04 1.04 1.15 1.04 1.06 1.07 1.37 1.08 1.07
Compound Leverage Factor
1.04 1.04 1.04 1.03 1.15 1.04 1.00 0.85 2.33 0.86 0.92
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
102.81% 102.82% 102.97% 103.35% 0.00% 102.81% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
-2.81% -2.82% -2.97% -3.35% 100.00% -2.81% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
19.62 18.67 20.77 19.79 -4.53 25.30 7.39 19.63 50.41 54.90 135.30
Noncontrolling Interest Sharing Ratio
102.76% 102.81% 102.88% 103.05% 110.55% 102.82% 66.81% 67.70% 0.00% 53.88% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
2.70 0.98 0.55 0.75 4.43 0.15 49.03 48.45 43.47 36.23 71.27
Quick Ratio
2.41 0.89 0.52 0.74 3.08 0.09 48.22 47.74 42.69 35.55 70.19
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
0.00 -8.45 -16 -16 525 194 510 515 -35 275 -58
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% -10,244.57% -24,546.60% 0.00% 0.00% -7,106.84% -19,413.62% -3,687.65% -2,106.16%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
487 491 497 498 -44 296 -25 -25 -24 8.64 13
Invested Capital Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital
0.00 7.60 13 13 -531 -195 -522 -523 20 -288 39
Enterprise Value (EV)
1,135 1,154 1,179 1,177 445 797 70 699 2,317 2,746 7,111
Market Capitalization
634 649 667 662 455 492 365 988 2,592 3,007 7,794
Book Value per Share
($0.22) ($0.22) ($0.23) ($0.26) ($0.80) ($0.19) $6.25 $2.16 $2.05 $1.94 $5.00
Tangible Book Value per Share
($0.22) ($0.22) ($0.23) ($0.26) ($0.80) ($0.19) $6.25 $2.16 $2.05 $1.69 $4.76
Total Capital
491 494 498 500 -34 297 269 263 251 269 696
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-3.58 -2.90 -0.84 -1.75 -9.87 -0.42 -295 -288 -275 -261 -683
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.03 0.02 0.00 0.00 0.11 0.07 0.33 0.88
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-1.06 -2.98 -1.57 -2.34 1.13 -4.28 -0.94 -1.41 -1.21 -1.77 0.62
Debt-free Net Working Capital (DFNWC)
2.51 -0.08 -0.73 -0.59 11 -3.86 234 230 227 199 535
Net Working Capital (NWC)
2.51 -0.08 -0.73 -0.59 11 -3.86 234 230 227 199 535
Net Nonoperating Expense (NNE)
-3.13 -3.94 2.13 5.40 15 -2.06 17 1.36 21 -2.70 5.07
Net Nonoperating Obligations (NNO)
-3.58 -2.90 -0.84 -1.75 -9.87 -0.42 -295 -288 -275 -261 -683
Total Depreciation and Amortization (D&A)
0.00 0.00 0.00 0.01 0.04 0.00 0.00 0.07 -0.17 -0.19 0.10
Debt-free, Cash-free Net Working Capital to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.11 $0.15 $0.12 $0.08 ($0.32) $0.08 ($0.29) ($0.08) ($0.45) ($0.07) ($0.18)
Adjusted Weighted Average Basic Shares Outstanding
63.95M 113.95M 63.95M 63.95M 68.89M 43.10M 100.02M 122.13M 98.91M 138.11M 140.09M
Adjusted Diluted Earnings per Share
$0.11 $0.15 $0.12 $0.08 ($0.32) $0.08 ($0.29) ($0.08) ($0.45) ($0.07) ($0.18)
Adjusted Weighted Average Diluted Shares Outstanding
63.95M 113.95M 63.95M 63.95M 68.89M 43.10M 100.02M 122.13M 98.91M 138.11M 140.09M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
63.95M 63.95M 63.95M 43.10M 43.10M 43.10M 122.10M 122.10M 139.02M 139.21M 147.61M
Normalized Net Operating Profit after Tax (NOPAT)
-0.34 -0.85 -2.35 -3.26 -6.62 -0.53 -12 -8.60 -15 -13 -20
Normalized NOPAT Margin
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% -9.77% 0.00% -1,555.45% -1,421.56% -15.02% -18.38% -1.22%

Financials Breakdown Chart

Key Financial Trends

Oklo Inc. (NYSE: OKLO) continues to operate without generating revenue, as total revenue has remained at $0 from Q3 2022 through Q2 2025. This confirms the company is still pre-revenue, likely in a developmental or pre-commercial stage. Investors should understand this context when evaluating the financials.

Profitability and Earnings Trends:

  • Oklo has incurred consistent net losses in every quarter from Q3 2022 through Q2 2025, with the consolidated net loss deepening to approximately -$24.7 million in Q2 2025 from about -$8.7 million in Q3 2023, indicating growing operating and other expenses.
  • Basic and diluted earnings per share have been negative each quarter, reaching a low of -$0.18 in Q2 2025, reflecting ongoing losses and dilution from increasing share count.
  • Interest and investment income have been a positive contributor to pre-tax income each quarter, somewhat offsetting operational losses, increasing from around $79k in Q3 2022 to over $3.7 million in Q2 2025.

Operating Expenses and Cash Flow:

  • Selling, general & administrative (SG&A) expenses and research & development (R&D) expenses have increased over time, with SG&A rising from under $500k in Q4 2022 to approximately $16.5 million, and R&D increasing to about $11.5 million in Q2 2025. This growth in expenses drives the losses.
  • Negative net cash flows from operating activities worsened, from about -$7.3 million in Q1 2024 to approximately -$18.5 million in Q2 2025, indicating growing cash burn as the company advances its business.
  • Depreciation expenses remain low in comparison to operating expenses, consistent with Oklo’s likely limited fixed assets at this stage.

Investing Activities:

  • Net cash used in investing activities surged substantially in Q2 2025 to about -$287 million, reflecting heavy investments in property, plant & equipment and investments, up from smaller numbers in prior quarters. This indicates capital deployment towards asset build-out or technology acquisitions.
  • Purchase of investments and property, plant & equipment dominate investing cash flows, suggesting strategic focus on building capabilities.

Financing Activities and Liquidity:

  • Oklo raised substantial cash via financing activities in recent quarters, with net cash inflows of $441.9 million in Q2 2025 and $301.2 million in Q2 2024, providing strong liquidity.
  • Cash and equivalents have grown accordingly, reaching $227 million at Q2 2025, compared to $106 million at Q2 2024 and very low amounts in earlier years, supporting ongoing R&D and capital investments.

Balance Sheet Highlights:

  • Oklo's cash and short-term investments combined stood at about $534 million at Q2 2025, up significantly from prior quarters, indicating strong cash reserves.
  • Total assets increased substantially from around $516 million in Q2 2023 to $731 million by Q2 2025, driven largely by growing investments and cash balances.
  • Total liabilities remain relatively low compared with equity and total assets, signaling a strong balance sheet structure with limited debt burden.

Summary:

Over the past two years, Oklo Inc. has consistently operated at a loss with negative earnings and cash flows from operations. However, the company has substantially increased its investments in assets and technology and has successfully raised significant capital via financing activities, bolstering its cash position. The continued increase in R&D and SG&A expenses is typical for a company investing heavily in growth and development at this stage.

For retail investors, Oklo remains a development-stage company with no revenue and ongoing losses. The company's strong financing and cash position are positives as it funds its operations and future growth. However, the lack of revenues and recurring losses highlight risks typical of an early-stage enterprise.

10/23/25 12:30 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Oklo's Financials

When does Oklo's fiscal year end?

According to the most recent income statement we have on file, Oklo's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Oklo's net income changed over the last 2 years?

Oklo's net income appears to be on an upward trend, with a most recent value of -$73.62 million in 2024, falling from $3.93 million in 2022. The previous period was -$32.17 million in 2023. See Oklo's forecast for analyst expectations on what’s next for the company.

What is Oklo's operating income?
Oklo's total operating income in 2024 was -$52.80 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $52.80 million
How has Oklo's revenue changed over the last 2 years?

Over the last 2 years, Oklo's total revenue changed from $0.00 in 2022 to $0.00 in 2024, a change of 0.0%.

How much debt does Oklo have?

Oklo's total liabilities were at $30.88 million at the end of 2024, a 37.3% decrease from 2023, and a 72.5% increase since 2021.

How much cash does Oklo have?

In the past 3 years, Oklo's cash and equivalents has ranged from $3.34 million in 2021 to $97.13 million in 2024, and is currently $97.13 million as of their latest financial filing in 2024.

How has Oklo's book value per share changed over the last 2 years?

Over the last 2 years, Oklo's book value per share changed from -0.22 in 2022 to 2.05 in 2024, a change of -1,052.1%.



This page (NYSE:OKLO) was last updated on 10/23/2025 by MarketBeat.com Staff
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