Oklo maintains a conservative capital structure with a debt-to-equity ratio of 0.00 as of 2026Q1, supported by a substantial $2.6 billion in total equity.
| Total Assets | 2.7B | 1.53B | 281.74M | 14.88M | 10.99M | 11.04M |
| Asset Growth % | 1705.82% | 442.51% | 1792.75% | 35.47% | -0.49% | - |
| PP&E (Net) | 98.14M | 42.31M | 2.18M | 661K | 447.9K | 502.16K |
| PP&E / Total Assets % | 3.63% | 2.77% | 0.78% | 4.44% | 4.08% | 4.55% |
| Total Current Assets | 2.23B | 1.25B | 231.94M | 14.2M | 10.49M | 10.45M |
| Cash & Equivalents | 1.59B | 788.45M | 97.13M | 9.87M | 9.65M | 10.44M |
| Receivables | 0 | 1000K | 1000K | 126K | 391K | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 17.05M | -4.98M | 143K | 3.71M | 164.36K | 0 |
| Long-Term Investments | 410.5M | 0 | 47.47M | 0 | 0 | 0 |
| Goodwill | 6.62M | 6.62M | 0 | 0 | 0 | 0 |
| Intangible Assets | 27.5M | 27.5M | 0 | 0 | 0 | 0 |
| Other Assets | 345.59M | 198.25M | 140K | 25K | 51.27K | 85.46K |
| Total Liabilities | 64.88M | 52.25M | 30.88M | 49.25M | 39.1M | 4.74M |
| Total Debt | 2.62M | 1.45M | 1.28M | 250K | 304.18K | 494.32K |
| Net Debt | -1.59B | -787M | -95.85M | -9.62M | -9.35M | -9.95M |
| Long-Term Debt | 1.59M | 546K | 0 | 0 | 0 | 0 |
| Short-Term Borrowings | 1.03M | 904K | 261K | 156K | 0 | 0 |
| Capital Lease Obligations | 3.52M | 0 | 1.02M | 94K | 304.18K | 494.32K |
| Total Current Liabilities | 37.14M | 25.55M | 5.34M | 3.2M | 634.04K | 437.16K |
| Accounts Payable | 14.21M | 4.14M | 2.97M | 2.27M | 336.62K | 99.91K |
| Accrued Expenses | 14.4M | 20.5M | 636K | 680K | 87.17K | 147.12K |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 21.9M | 0 | 786K | 0 | 0 | 0 |
| Deferred Taxes | 4.41M | 1000K | 0 | 0 | 0 | 0 |
| Other Liabilities | 25M | 25M | 25M | 46.04M | 38.37M | 4M |
| Total Equity | 2.64B | 1.48B | 250.86M | -34.36M | -28.11M | 6.3M |
| Equity Growth % | 1884.68% | 488.47% | 830.06% | -22.23% | -546.21% | - |
| Shareholders Equity | 2.64B | 1.48B | 250.86M | -34.36M | -28.11M | 6.3M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 17K | 16K | 14K | 7K | 477 | 463 |
| Additional Paid-in Capital | 0 | 1.72B | 383.74M | 27.13M | 1.21M | 565.82K |
| Retained Earnings | -273.84M | -240.77M | -135.11M | -61.49M | -29.32M | -19.3M |
| Accumulated OCI | -1.48M | 1.18M | 2.21M | 0 | 0 | 0 |
| Return on Assets (ROA) | -8.3% | -11.67% | -49.64% | -248.7% | -91.01% | -46.7% |
| Return on Equity (ROE) | -8.57% | -12.24% | -68.01% | - | - | -81.85% |
| Debt / Equity | 0.00x | 0.00x | 0.01x | - | - | 0.08x |
| Debt / Assets | 0.1% | 0.09% | 0.46% | 1.68% | 2.77% | 4.48% |
| Net Debt / EBITDA | 9.25x | - | - | - | - | - |
| Book Value per Share | 15.49 | 10.09 | 2.54 | -0.5 | -0.44 | 0.1 |
Regulatory and execution risk
As reported in financial statements, Oklo's net property, plant, and equipment grew from $43.7 million in 2025Q4 to $98.1 million in 2026Q1, signaling an aggressive transition toward physical infrastructure deployment as the company attempts to move beyond the initial research and development phase of its reactor technology.
The rapid increase in PPE net suggests that the company is actively committing capital to long-term infrastructure assets rather than purely intangible R&D. Investors should monitor whether this asset growth translates into tangible regulatory milestones, as the current valuation relies heavily on the successful conversion of these assets into operational power-generating units.
Based on reported figures, Oklo maintains a debt-to-equity ratio of 0.00 as of 2026Q1, reflecting a capital structure that is almost entirely funded by equity issuance rather than traditional utility debt, which provides a temporary buffer against the interest rate sensitivity typically associated with capital-intensive infrastructure projects.
The absence of meaningful debt indicates that the company has avoided the leverage traps common in the utility sector during the pre-revenue phase. While this preserves balance sheet flexibility, it also suggests that future growth will likely require further equity dilution or the eventual introduction of project-level debt once regulatory certainty is established.
According to recent SEC filings, Oklo holds $2.2 billion in cash and equivalents as of 2026Q1, a significant increase from $1.2 billion in the prior quarter, which provides the company with a substantial runway to fund its ongoing regulatory and engineering requirements during this pre-revenue development cycle.
This liquidity position appears robust enough to sustain current burn rates for the near term, effectively insulating the company from immediate credit market volatility. However, the reliance on cash accumulation rather than operational cash flow suggests that the company remains in a high-risk development phase where liquidity is a function of capital markets rather than utility-scale performance.
As indicated by the company's financial statements, total equity surged to $2.6 billion in 2026Q1 from $1.5 billion in 2025Q4, a trend that highlights the company's reliance on external equity financing to maintain its balance sheet strength while operating without a recurring revenue stream.
The rapid expansion of the equity base suggests that shareholders are absorbing the full cost of the company's development and regulatory hurdles. Investors should monitor the impact of this dilution on future earnings per share, as the current equity structure is predicated on the assumption that future operational success will justify the significant increase in share count.
Quick answers to the most common questions about buying OKLO stock.
As of 2025, Oklo Inc. (OKLO) had total assets of $1.53B including $1.25B in current assets.
Oklo Inc. (OKLO) carries total debt of $1.4M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Oklo Inc. (OKLO) has total shareholders' equity (book value) of $1.48B ($10.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Oklo Inc. (OKLO) reported a current ratio of 49.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.