Oklo Inc. OKLO
We founded Oklo in 2013 with the goal of revolutionizing the energy landscape by developing clean, reliable, affordable energy solutions at scale. According to the International Energy Agency, global electricity production is expected to increase over 75% by 2050 driven by electrification of buildings, transportation, and industry; increased use of air conditioning in the developing world; and increased consumption from data centers and cloud services. Our business addresses this demand by producing electricity and heat from our Aurora powerhouses which can run on fresh, recycled, or down-blended nuclear fuel. We are also commercializing nuclear fuel recycling technology that can convert used nuclear fuel into usable fuel for our powerhouses and those of others.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| R&D | $58.9M | $26.7M | $9.8M | — | — | — |
| SG&A | $80.4M | $26.1M | $8.9M | — | — | — |
| Total operating expenses | $139.3M | $52.8M | $18.6M | — | — | — |
| Operating income | -$139.3M | -$52.8M | -$18.6M | -$1.8M | -$1.2M | — |
| Pre-tax income | -$110.2M | -$72.9M | -$32.2M | $5.4M | -$1.1M | — |
| Income tax | $4.5M | $683.0K | $0 | $1.5M | $2.4K | — |
| Net income | -$105.7M | -$73.6M | -$32.2M | $3.9M | -$1.1M | — |
| EPS, basic | -0.72 | -0.74 | -0.47 | — | — | — |
| EPS, diluted | -0.72 | -0.74 | -0.47 | — | — | — |
| Shares, diluted (wtd. avg.) | $146.4M | $98.9M | $68.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $788.4M | $97.1M | $9.9M | $9.7M | $3.3M | $0 |
| Total current assets | $1.25B | $231.9M | $14.2M | $4.0M | $4.2M | — |
| Property, plant and equipment | $42.3M | $1.2M | $578.0K | — | — | — |
| Goodwill | $6.6M | $0 | — | — | — | — |
| Total assets | $1.53B | $281.7M | $14.9M | $510.1M | $504.7M | — |
| Accounts payable | $4.1M | $3.0M | $2.3M | — | — | — |
| Total current liabilities | $25.5M | $5.3M | $3.2M | $1.5M | $310.4K | — |
| Total liabilities | $52.2M | $30.9M | $49.2M | $19.4M | $17.9M | — |
| Retained earnings | -$240.8M | -$135.1M | -$61.5M | -$13.8M | -$13.2M | — |
| Total equity | $1.48B | $250.9M | -$34.4M | -$3.1M | -$13.2M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$82.2M | -$38.4M | -$16.0M | -$954.7K | -$1.9M | — |
| Depreciation and amortisation | $522.0K | $268.0K | $75.0K | — | — | — |
| Stock-based compensation | $41.8M | $12.5M | $777.0K | — | — | — |
| Capital expenditure | $33.2M | $352.0K | $83.0K | — | — | — |
| Investing cash flow | -$489.7M | -$175.8M | -$83.0K | $1.2M | -$500.0M | — |
| Financing cash flow | $1.26B | $301.4M | $16.3M | — | $505.2M | — |
| Buybacks | — | — | $215.9M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-018698.
Others in SIC 4911
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NEE | NEXTERA ENERGY INC | $173.98B | 25.3x | 9.8% |
| CEG | Constellation Energy Corp | $105.92B | 40.4x | 19.5% |
| AEP | AMERICAN ELECTRIC POWER CO INC | $67.74B | 18.7x | 8.7% |
| D | DOMINION ENERGY, INC | $57.90B | 19.1x | 16.5% |
| VST | Vistra Corp. | $50.11B | 68.5x | 19.1% |
| DTE | DTE ENERGY CO | $28.31B | 19.4x | — |
| FE | FIRSTENERGY CORP | $27.05B | 26.6x | 12.0% |
| ES | EVERSOURCE ENERGY | $26.76B | 15.6x | 14.3% |