Oklo Inc.
OKLO · Electric Services · 174.0M shares · +44%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $203M (gross $216M, SBC $12M)
Grade
C60Pre-revenue advanced-nuclear developer with a fortress balance sheet but no operating business yet.
Strengths
- Very large cash/investments ($788M, 74th pct) and ~27 quarters of runway (85.7th pct)
- Exceptional liquidity (current ratio 49) with modest losses relative to equity base
Risks
- No revenue and negative FCF (-$115M); ROA/ROE near bottom decile (11.6th/22.9th pct)
- Highly speculative, capital-intensive path to first commercial reactor deployment
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Cash burnNegative free cash flow (-115.4M)
- Strong balance sheetStrong balance sheet — $788M cash & investments, ~27 quarters of runway
Key metrics
Return on equity
-7.2%
Return on assets
-6.9%
Current ratio
49.1×
Free cash flow
-$115M
EBITDA
-$139M
Tangible book value
$1.5B
Cash & investments
$788M
Cash runway
27q
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Shareholder vote | filing ↗ |
| 2026-05-13 | Material agreement1.02Exhibits | filing ↗ |
| 2026-04-14 | Exec/director changeExhibits | filing ↗ |
| 2025-12-04 | Material agreementExhibits | filing ↗ |
| 2025-09-03 | OtherExhibits | filing ↗ |
| 2025-06-16 | OtherExhibits | filing ↗ |
| 2025-06-09 | Shareholder vote | filing ↗ |
| 2025-04-22 | Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q/A | 2026-06-17 | 2026-03-31 | 0001849056-26-000037 ↗ |
| 8-K | 2026-06-08 | 2026-06-03 | 0001849056-26-000028 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001104659-26-060385 ↗ |
| 10-Q | 2026-05-12 | 2026-03-31 | 0001628280-26-034095 ↗ |
| 8-K | 2026-04-14 | 2026-04-10 | 0001849056-26-000006 ↗ |
| 10-K | 2026-03-17 | 2025-12-31 | 0001628280-26-018698 ↗ |
| 8-K | 2025-12-04 | 2025-12-04 | 0001104659-25-118494 ↗ |
| 10-Q | 2025-11-12 | 2025-09-30 | 0001628280-25-051349 ↗ |
| 8-K | 2025-09-03 | 2025-09-03 | 0001104659-25-087034 ↗ |
| 10-Q | 2025-08-11 | 2025-06-30 | 0001628280-25-039571 ↗ |
| 8-K | 2025-06-16 | 2025-06-12 | 0001104659-25-059855 ↗ |
| 8-K | 2025-06-09 | 2025-06-04 | 0001104659-25-057630 ↗ |