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Oklo (OKLO) Financials

Oklo logo
$65.76 +0.67 (+1.02%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$65.40 -0.36 (-0.54%)
As of 05/22/2026 08:00 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 3.93 -32 -74 -106
Consolidated Net Income / (Loss)		 3.93 -32 -74 -106
Net Income / (Loss) Continuing Operations		 3.93 -32 -74 -106
Total Pre-Tax Income 		5.40 -32 -73 -110
Total Operating Income		 -1.81 -19 -53 -139
Total Gross Profit		 0.00 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00 0.00
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 1.81 19 53 139
Selling, General & Admin Expense		 1.81 8.87 26 80
Research & Development Expense		 - 9.76 27 59
Total Other Income / (Expense), net		 7.21 -14 -20 29
Interest & Investment Income		 - 0.18 7.73 29
Other Income / (Expense), net		 7.21 -14 -28 0.00
Income Tax Expense		 1.47 0.00 0.68 -4.53
Basic Earnings per Share		 $0.12 ($0.47) ($0.74) ($0.72)
Weighted Average Basic Shares Outstanding		 63.95M 68.89M 98.91M 146.35M
Diluted Earnings per Share		 $0.12 ($0.47) ($0.74) ($0.72)
Weighted Average Diluted Shares Outstanding		 63.95M 68.89M 98.91M 146.35M
Weighted Average Basic & Diluted Shares Outstanding		 63.95M 43.10M 139.02M 173.57M

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -8.67 -22 -24 -27 -9.96 452 -9.81 -25 -30 -41 -33
Consolidated Net Income / (Loss)		 -8.67 -22 -24 -27 -9.96 -36 -9.81 -25 -30 -41 -33
Net Income / (Loss) Continuing Operations		 -8.67 -22 -24 -27 -9.96 -36 -9.81 -25 -30 -41 -33
Total Pre-Tax Income 		-8.67 -23 -24 -27 -9.74 -37 -14 -24 -29 -43 -30
Total Operating Income		 -4.66 -9.46 -7.37 -18 -12 -22 -18 -28 -36 -57 -51
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		 4.66 9.46 7.37 18 12 22 18 28 36 57 51
Selling, General & Admin Expense		 2.96 3.24 3.71 7.05 7.23 11 10 17 21 33 24
Research & Development Expense		 1.71 - 3.66 11 5.05 - 7.85 11 15 25 27
Total Other Income / (Expense), net		 -4.00 -14 -17 -9.36 2.55 -15 3.65 3.76 7.12 15 21
Interest & Investment Income		 0.08 - 0.14 1.72 2.55 - 3.65 3.76 7.12 15 21
Income Tax Expense		 0.00 -1.12 0.00 0.16 0.23 -1.11 -4.41 0.43 0.53 -1.08 3.16
Basic Earnings per Share		 ($0.13) ($0.32) ($0.34) ($0.27) ($0.08) ($0.45) ($0.07) ($0.18) ($0.20) ($0.27) ($0.19)
Weighted Average Basic Shares Outstanding		 68.45M 68.89M 70.32M 100.02M 122.13M 98.91M 138.11M 140.09M 150.36M 146.35M 170.33M
Diluted Earnings per Share		 ($0.13) ($0.32) ($0.34) ($0.27) ($0.08) ($0.45) ($0.07) ($0.18) ($0.20) ($0.27) ($0.19)
Weighted Average Diluted Shares Outstanding		 68.45M 68.89M 70.32M 100.02M 122.13M 98.91M 138.11M 140.09M 150.36M 146.35M 170.33M
Weighted Average Basic & Diluted Shares Outstanding		 43.10M 43.10M 43.10M 122.10M 122.10M 139.02M 139.21M 147.61M 156.25M 173.57M 173.99M

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 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.24 0.21 87 691
Net Cash From Operating Activities		 -0.95 -16 -38 -82
Net Cash From Continuing Operating Activities		 -0.95 -16 -38 -82
Net Income / (Loss) Continuing Operations		 3.93 -32 -74 -106
Consolidated Net Income / (Loss)		 3.93 -32 -74 -106
Depreciation Expense		 - 0.08 0.27 0.52
Non-Cash Adjustments To Reconcile Net Income		 -7.21 14 40 38
Changes in Operating Assets and Liabilities, net		 2.33 1.61 -4.90 -15
Net Cash From Investing Activities		 1.20 -0.08 -176 -490
Net Cash From Continuing Investing Activities		 1.20 -0.08 -176 -490
Purchase of Property, Plant & Equipment		 - -0.08 -0.35 -33
Acquisitions		 - - 0.00 -0.90
Purchase of Investments		 - 0.00 -292 -833
Sale and/or Maturity of Investments		 - 0.00 116 377
Net Cash From Financing Activities		 0.00 16 301 1,263
Net Cash From Continuing Financing Activities		 0.00 16 301 1,263
Repurchase of Common Equity		 0.00 -3.14 -11 -2.81
Issuance of Common Equity		 - - 0.00 1,264
Other Financing Activities, net		 - 19 312 2.38

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 4.92 -0.14 28 97 -14 5.33 -7.05 137 183 378 806
Net Cash From Operating Activities		 -3.55 -5.62 -7.29 -16 -7.88 -13 -12 -18 -18 -33 -18
Net Cash From Continuing Operating Activities		 -3.55 -5.62 -7.29 -16 -7.88 -13 -12 -18 -18 -33 -18
Net Income / (Loss) Continuing Operations		 -8.67 -14 -24 -55 -9.96 -10 -9.81 -25 -30 -41 -33
Consolidated Net Income / (Loss)		 -8.67 -14 -24 -55 -9.96 -10 -9.81 -25 -30 -41 -33
Depreciation Expense		 0.01 0.04 0.05 - 0.07 0.09 0.12 0.13 0.12 0.15 0.16
Non-Cash Adjustments To Reconcile Net Income		 4.12 7.79 17 43 1.91 -0.29 2.00 11 9.12 16 15
Changes in Operating Assets and Liabilities, net		 0.98 0.87 -0.77 -3.76 0.36 -2.72 -4.56 -5.25 2.36 -7.92 -0.41
Net Cash From Investing Activities		 -0.03 -0.02 -0.10 -188 -5.61 18 6.06 -287 -325 116 -359
Net Cash From Continuing Investing Activities		 -0.03 -0.02 -0.10 -188 -5.61 18 6.06 -287 -325 116 -359
Purchase of Property, Plant & Equipment		 -0.03 -0.02 -0.10 - -0.11 -0.07 -0.33 -0.88 -5.05 -27 -33
Acquisitions		 - - 0.00 - - - -0.90 - - - 0.00
Purchase of Investments		 - - 0.00 - -59 -31 -30 -317 -415 -71 -457
Sale and/or Maturity of Investments		 - - 0.00 - 53 49 37 31 95 214 130
Net Cash From Financing Activities		 8.50 5.50 36 301 -0.39 0.60 -0.88 442 527 296 1,183
Net Cash From Continuing Financing Activities		 8.50 5.50 36 301 -0.39 0.60 -0.88 442 527 296 1,183
Issuance of Common Equity		 - - - - - - 0.00 - 526 296 1,182
Other Financing Activities, net		 12 7.09 36 - 10 0.60 -0.88 0.63 1.40 1.23 0.66

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 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 505 510 15 282 1,528
Total Current Assets		 4.18 4.00 14 232 1,254
Cash & Equivalents		 3.34 3.58 9.87 97 788
Short-Term Investments		 - - 0.00 131 440
Prepaid Expenses		 0.84 0.42 4.33 4.13 26
Plant, Property, & Equipment, net		 0.00 0.00 0.58 1.20 42
Total Noncurrent Assets		 501 506 0.11 49 232
Long-Term Investments		 - - 0.00 47 185
Goodwill		 - - - 0.00 6.62
Intangible Assets		 - - - 0.00 28
Other Noncurrent Operating Assets		 501 506 0.11 1.12 14
Total Liabilities & Shareholders' Equity		 505 510 15 282 1,528
Total Liabilities		 18 19 49 31 52
Total Current Liabilities		 0.31 1.48 3.20 5.34 26
Accounts Payable		 - - 2.27 2.97 4.15
Accrued Expenses		 0.31 0.30 0.84 1.89 20
Other Current Liabilities		 - - 0.09 0.48 0.90
Total Noncurrent Liabilities		 18 18 46 26 27
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 0.29 - 0.00 1.16
Other Noncurrent Operating Liabilities		 18 18 46 26 26
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -13 -14 -34 251 1,476
Total Preferred & Common Equity		 -13 -14 -34 251 1,476
Total Common Equity		 -13 -14 -34 251 1,476
Common Stock		 0.00 0.00 27 384 1,716
Retained Earnings		 -13 -14 -61 -135 -241
Accumulated Other Comprehensive Income / (Loss)		 - - 0.00 2.21 1.18

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 Q3 2025 Q1 2026
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 9/30/2025 3/31/2026
Total Assets		 506 515 517 520 308 299 294 302 731 1,246 2,704
Total Current Assets		 3.24 3.17 0.88 1.78 0.70 239 235 205 543 932 2,226
Cash & Equivalents		 2.59 2.90 0.84 1.75 0.42 106 92 90 227 410 1,594
Short-Term Investments		 - - - - - 130 140 111 308 512 615
Prepaid Expenses		 0.65 0.27 0.04 0.03 0.28 3.94 3.44 3.89 8.24 10 17
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.64 0.68 1.45 3.71 11 96
Total Noncurrent Assets		 503 512 516 518 308 59 58 96 185 303 382
Long-Term Investments		 - - - - - 59 57 60 149 262 328
Goodwill		 - - - - - - - 6.72 6.72 6.72 6.62
Intangible Assets		 - - - - - - - 28 28 28 28
Other Noncurrent Operating Assets		 503 512 516 518 308 0.04 1.21 1.90 1.95 6.77 20
Total Liabilities & Shareholders' Equity		 506 515 517 520 308 299 294 302 731 1,246 2,704
Total Liabilities		 19 21 19 20 12 30 31 33 35 41 65
Total Current Liabilities		 0.95 3.25 1.61 2.37 4.56 4.88 4.85 5.66 7.61 14 37
Accounts Payable		 - - - - - 1.07 0.36 1.43 2.34 2.02 14
Accrued Expenses		 0.32 0.66 0.38 1.15 0.94 3.77 4.02 3.54 4.42 11 22
Other Current Liabilities		 - - - - - 0.04 0.47 0.68 0.85 0.88 1.03
Total Noncurrent Liabilities		 18 18 18 18 7.09 25 26 27 27 27 28
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.00 0.00 0.00 - - - 1.05 1.05 1.05 1.16
Other Noncurrent Operating Liabilities		 18 18 18 18 7.09 25 26 26 26 26 27
Commitments & Contingencies		 0.00 0.00 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 1,206 2,639
Total Preferred & Common Equity		 -13 -14 -15 -17 -8.35 269 263 269 696 1,206 2,639
Total Common Equity		 -13 -14 -15 -17 -8.35 269 263 269 696 1,206 2,639
Common Stock		 0.00 0.00 0.00 0.00 6.45 384 385 413 865 1,401 2,914
Retained Earnings		 -13 -14 -15 -17 -15 -115 -125 -145 -170 -199 -274
Accumulated Other Comprehensive Income / (Loss)		 - - - - - 0.42 2.72 1.65 1.32 3.58 -1.48

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 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - 156,247,075.00
DEI Adjusted Shares Outstanding		 - - - 156,247,075.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - -0.68
Growth Metrics		 - - - -
Profitability Metrics		 - - - -
Net Operating Profit after Tax (NOPAT)		 -1.32 -13 -37 -98
Return On Investment Capital (ROIC_SIMPLE)		 - 37.97% -14.73% -6.61%
Earnings before Interest and Taxes (EBIT)		 5.40 -32 -81 -139
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 5.40 -32 -81 -139
Valuation Ratios		 - - - -
Leverage & Solvency		 - - - -
Liquidity Ratios		 - - - -
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 518 -57 -186
Efficiency Ratios		 - - - -
Capital & Investment Metrics		 - - - -
Invested Capital		 487 -44 -24 64
Increase / (Decrease) in Invested Capital		 0.00 -531 20 88
Book Value per Share		 ($0.22) ($0.80) $2.05 $9.45
Tangible Book Value per Share		 ($0.22) ($0.80) $2.05 $9.23
Total Capital		 491 -34 251 1,476
Total Debt		 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00
Net Debt		 -3.58 -9.87 -275 -1,413
Capital Expenditures (CapEx)		 0.00 0.08 0.35 33
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.06 1.13 -1.21 0.25
Debt-free Net Working Capital (DFNWC)		 2.51 11 227 1,228
Net Working Capital (NWC)		 2.51 11 227 1,228
Net Nonoperating Expense (NNE)		 -5.24 19 37 8.16
Net Nonoperating Obligations (NNO)		 -3.58 -9.87 -275 -1,413
Total Depreciation and Amortization (D&A)		 0.00 0.08 -0.25 0.52
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.18 $0.40 ($0.74) ($0.72)
Adjusted Weighted Average Basic Shares Outstanding		 113.95M 59.37M 98.91M 146.35M
Adjusted Diluted Earnings per Share		 $0.18 $0.40 ($0.74) ($0.72)
Adjusted Weighted Average Diluted Shares Outstanding		 113.95M 59.37M 98.91M 146.35M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 63.95M 43.10M 139.02M 173.57M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.32 -13 -37 -98
Debt Service Ratios		 - - - -
Payout Ratios		 - - - -

Quarterly Metrics And Ratios for Oklo

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - 156,247,075.00 173,568,788.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 156,247,075.00 173,568,788.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.27 -0.19
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
EBITDA Growth		 -534.79% -741.29% -30.23% -590.46% -39.83% 5.99% 25.10% 3.94% -196.11% - -187.81%
EBIT Growth		 -535.45% -742.35% -30.23% -590.46% -40.41% 6.88% 26.03% 2.87% -195.63% - -186.72%
NOPAT Growth		 -1,004.91% -1,832.60% 37.69% -430.01% -163.33% -129.67% -142.52% -57.64% -195.63% - -186.72%
Net Income Growth		 -688.00% -894.14% -50.55% -555.80% -14.90% -62.02% 59.16% 9.55% -198.41% - -237.05%
EPS Growth		 -425.00% -390.91% -20.00% -141.67% 38.46% -40.63% 79.41% 33.33% -150.00% - -171.43%
Operating Cash Flow Growth		 -710.16% -2,619.42% -77.91% -157.80% -121.77% -139.48% -68.01% -89.37% -128.85% - -45.94%
Free Cash Flow Firm Growth		 96.65% 0.00% 2,399.37% 3,352.62% 3,281.86% -106.67% 45.01% -111.44% -114.11% - -146.90%
Invested Capital Growth		 2.66% -109.08% -39.68% -105.09% -105.06% 44.76% -97.08% 153.22% 187.41% - 1,077.17%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
EBITDA Q/Q Growth		 -95.17% -166.78% -78.46% -1,152.78% 60.48% -79.35% 17.54% -54.58% -29.28% - 10.29%
EBIT Q/Q Growth		 -95.46% -166.82% -78.46% -1,152.78% 60.25% -76.95% 17.75% -56.74% -29.61% - 10.24%
NOPAT Q/Q Growth		 -39.09% -102.88% -129.22% -2,247.79% 30.89% -76.95% 17.75% -56.74% -29.61% - 10.24%
Net Income Q/Q Growth		 -93.70% -155.20% -85.89% -2,020.09% 66.06% -259.86% 72.63% -151.63% -20.41% - 20.22%
EPS Q/Q Growth		 -8.33% -146.15% -76.47% -462.50% 72.41% -462.50% 84.44% -157.14% -11.11% - 29.63%
Operating Cash Flow Q/Q Growth		 42.14% -58.28% 61.83% -1,210.74% 50.23% -70.92% 9.10% -50.87% 2.38% - 46.55%
Free Cash Flow Firm Q/Q Growth		 -3.28% 3,342.97% -63.57% 162.33% 1.04% -106.80% 885.44% -121.21% -24.54% - -0.70%
Invested Capital Q/Q Growth		 0.30% -108.88% 769.57% -108.53% 0.28% 3.03% 135.37% 55.59% 63.79% - 59.78%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 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%
Operating Margin		 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%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Tax Burden Percent		 100.00% 95.20% 52.08% 100.56% 102.31% 96.99% 68.98% 101.78% 101.82% - 110.55%
Interest Burden Percent		 99.10% 99.57% 100.00% 94.45% 79.26% 170.04% 79.56% 86.58% 80.40% - 58.36%
Effective Tax Rate		 0.00% 0.00% 47.92% 0.00% 0.00% 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%
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%
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%
Return on Equity (ROE)		 -1.47% -14.10% 2.61% -3.80% -4.15% -68.01% -20.99% -11.76% -10.42% - -8.87%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 48.85% 0.00% 0.00% 0.00% 159.58% -670.80% -524.54% - -387.70%
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%
Return on Assets (ROA)		 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)		 0.04% 1.49% -0.07% -1.26% -1.34% -68.01% -9.68% -11.76% -10.42% - -8.87%
Return on Equity Simple (ROE_SIMPLE)		 43.42% 0.00% -123.47% -5.41% -6.02% 0.00% -22.06% 0.00% 0.00% - 0.00%
Net Operating Profit after Tax (NOPAT)		 -3.26 -6.62 -0.53 -12 -8.60 -15 -13 -20 -25 -40 -36
NOPAT Margin		 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)		 -249.08% -230.53% 124.02% -11.45% -0.94% -14.47% 2.07% -1.04% -0.59% - 0.20%
Return On Investment Capital (ROIC_SIMPLE)		 - 19.28% - - - -6.06% -4.65% -2.82% -2.11% -2.71% -1.36%
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%
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%
R&D to Revenue		 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%
Earnings before Interest and Taxes (EBIT)		 -8.75 -23 2.93 -31 -12 -22 -18 -28 -36 -57 -51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -8.73 -23 2.93 -31 -12 -22 -18 -28 -36 -57 -51
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.36 3.75 10.33 11.16 11.19 13.67 - 3.26
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.36 3.75 10.33 12.79 11.77 14.07 - 3.30
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
Price to Earnings (P/E)		 0.00 0.00 47.76 0.00 0.00 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%
Earnings Yield		 0.00% 0.00% 2.09% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.36 0.00 2.69 0.00 0.00 0.00 317.78 528.87 694.46 - 59.67
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
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 47.74 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 47.74 0.00 0.00 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
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
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.86 4.14 0.14 1.38 0.00 11.29 0.00 0.00 - 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
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
Financial Leverage		 0.00 -0.03 0.00 -0.39 -0.38 -1.32 -0.46 -1.01 -1.00 - -0.96
Leverage Ratio		 1.04 1.15 1.04 1.06 1.07 1.37 1.08 1.07 1.05 - 1.03
Compound Leverage Factor		 1.03 1.15 1.04 1.00 0.85 2.33 0.86 0.92 0.84 - 0.60
Debt to Total Capital		 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%
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%
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%
Noncontrolling Interests to Total Capital		 103.35% 0.00% 102.81% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Common Equity to Total Capital		 -3.35% 100.00% -2.81% 100.00% 100.00% 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
Net Debt to EBITDA		 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
Debt to NOPAT		 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
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
Altman Z-Score		 19.79 -4.53 25.30 7.39 19.63 50.41 54.90 135.30 243.88 - 80.37
Noncontrolling Interest Sharing Ratio		 103.05% 110.55% 102.82% 66.81% 67.70% 0.00% 53.88% 0.00% 0.00% - 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.75 4.43 0.15 49.03 48.45 43.47 36.23 71.27 67.51 - 59.93
Quick Ratio		 0.74 3.08 0.09 48.22 47.74 42.69 35.55 70.19 66.77 - 59.47
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -16 525 194 510 515 -35 275 -58 -73 -128 -129
Operating Cash Flow to CapEx		 -10,244.57% -24,546.60% 0.00% 0.00% -7,106.84% -19,413.62% -3,687.65% -2,106.16% -357.33% - -54.46%
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
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
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
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 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
Inventory Turnover		 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
Accounts Payable Turnover		 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
Days Inventory Outstanding (DIO)		 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
Cash Conversion Cycle (CCC)		 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		 498 -44 296 -25 -25 -24 8.64 13 22 64 102
Invested Capital Turnover		 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		 13 -531 -195 -522 -523 20 -288 39 47 88 93
Enterprise Value (EV)		 1,177 445 797 70 699 2,317 2,746 7,111 15,294 - 6,070
Market Capitalization		 662 455 492 365 988 2,592 3,007 7,794 16,478 - 8,607
Book Value per Share		 ($0.26) ($0.80) ($0.19) $6.25 $2.16 $2.05 $1.94 $5.00 $8.17 $9.45 $15.20
Tangible Book Value per Share		 ($0.26) ($0.80) ($0.19) $6.25 $2.16 $2.05 $1.69 $4.76 $7.94 $9.23 $15.01
Total Capital		 500 -34 297 269 263 251 269 696 1,206 1,476 2,639
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		 -1.75 -9.87 -0.42 -295 -288 -275 -261 -683 -1,184 -1,413 -2,537
Capital Expenditures (CapEx)		 0.03 0.02 0.00 0.00 0.11 0.07 0.33 0.88 5.05 27 33
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.34 1.13 -4.28 -0.94 -1.41 -1.21 -1.77 0.62 -3.62 0.25 -20
Debt-free Net Working Capital (DFNWC)		 -0.59 11 -3.86 234 230 227 199 535 918 1,228 2,189
Net Working Capital (NWC)		 -0.59 11 -3.86 234 230 227 199 535 918 1,228 2,189
Net Nonoperating Expense (NNE)		 5.40 15 -2.06 17 1.36 21 -2.70 5.07 4.31 1.48 -2.81
Net Nonoperating Obligations (NNO)		 -1.75 -9.87 -0.42 -295 -288 -275 -261 -683 -1,184 -1,413 -2,537
Total Depreciation and Amortization (D&A)		 0.01 0.04 0.00 0.00 0.07 -0.17 -0.19 0.10 0.21 0.15 0.16
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%
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%
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%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.08 ($0.32) $0.08 ($0.29) ($0.08) ($0.45) ($0.07) ($0.18) ($0.20) ($0.27) ($0.19)
Adjusted Weighted Average Basic Shares Outstanding		 63.95M 68.89M 43.10M 100.02M 122.13M 98.91M 138.11M 140.09M 150.36M 146.35M 170.33M
Adjusted Diluted Earnings per Share		 $0.08 ($0.32) $0.08 ($0.29) ($0.08) ($0.45) ($0.07) ($0.18) ($0.20) ($0.27) ($0.19)
Adjusted Weighted Average Diluted Shares Outstanding		 63.95M 68.89M 43.10M 100.02M 122.13M 98.91M 138.11M 140.09M 150.36M 146.35M 170.33M
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		 43.10M 43.10M 43.10M 122.10M 122.10M 139.02M 139.21M 147.61M 156.25M 173.57M 173.99M
Normalized Net Operating Profit after Tax (NOPAT)		 -3.26 -6.62 -0.53 -12 -8.60 -15 -13 -20 -25 -40 -36
Normalized NOPAT Margin		 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%
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
NOPAT to Interest Expense		 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
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
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%
Augmented Payout Ratio		 0.00% -9.77% 0.00% -1,555.45% -1,421.56% -15.02% -18.38% -1.22% -2.21% - 0.00%

Financials Breakdown Chart

Key Financial Trends

Oklo Inc. (NYSE: OKLO) shows a pattern of substantial financing inflows in 2025, strong equity-based liquidity, and ongoing operating cash burn. The company’s top-line revenue remains limited in the periods shown, while investing activity and equity financing have driven large swings in cash flow. Here are the most notable implications for retail investors based on the last four years of quarterly data:

  • Large equity financings in 2025, including a common equity issuance of about $295.5M in Q4 2025 and a net financing inflow of $295.6M, helping extension of the company’s cash runway.
  • Consistent financing inflows in 2025 from equity raises: roughly $526.5M in Q3 2025, $441.9M in Q2 2025, and $355.3M in Q1 2025, signaling reliance on external capital to fund operations and investments.
  • By Q3 2025, cash and equivalents stood around $410M, contributing to a solid liquidity position alongside a large equity base (Total Liabilities around $40.6M vs. Total Equity around $1.21B).
  • Q4 2025 includes a notable cash inflow from sale/maturity of investments (~$214.1M), providing a one-off liquidity boost in addition to ongoing financing activity.
  • Total assets have grown meaningfully across years, driven by equity financing and investment activity, with total assets rising from the low hundreds of millions to about $1.25B by late 2025.
  • Revenue remains effectively flat to zero across many quarters, indicating no sustained top-line growth in the periods shown.
  • Net income is consistently negative in 2025, with -$41.4M in Q4, -$29.7M in Q3, -$24.7M in Q2, and -$9.8M in Q1, highlighting ongoing profitability challenges.
  • Operating cash flow is negative across multiple quarters in 2025 (e.g., -$33.4M in Q4 2025; -$18.0M in Q3 2025; -$18.5M in Q2 2025), indicating cash burn from core operations.
  • Investing cash flows are often negative due to substantial purchases of property, plant & equipment and investments, reflecting persistent capital deployment and portfolio activity (with occasional positive investing inflows from asset sales).
  • There is a clear reliance on periodic equity issuance to fund operations and investments, which implies dilution risk for existing shareholders over time.
05/24/26 01:36 PM ETAI Generated. May Contain Errors.

Oklo Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Oklo's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Oklo's net income appears to be on an upward trend, with a most recent value of -$105.66 million in 2025, falling from $3.93 million in 2022. The previous period was -$73.62 million in 2024. Check out Oklo's forecast to explore projected trends and price targets.

Oklo's total operating income in 2025 was -$139.29 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $139.29 million

Over the last 3 years, Oklo's total revenue changed from $0.00 in 2022 to $0.00 in 2025, a change of 0.0%.

Oklo's total liabilities were at $52.25 million at the end of 2025, a 69.2% increase from 2024, and a 191.8% increase since 2021.

In the past 4 years, Oklo's cash and equivalents has ranged from $3.34 million in 2021 to $788.45 million in 2025, and is currently $788.45 million as of their latest financial filing in 2025.

Over the last 3 years, Oklo's book value per share changed from -0.22 in 2022 to 9.45 in 2025, a change of -4,478.1%.


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Financial statements for NYSE:OKLO last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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