The company remains in a pre-revenue state with operating losses widening to $51.2 million in 2026Q1, reflecting the heavy burden of regulatory and engineering overhead.
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Revenue | 163K | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -163K | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - |
| Operating Expenses | 172.51M | 139.29M | 52.8M | 18.64M | 10.02M | 5.16M |
| Other Operating Expenses | - | - | - | - | - | - |
| EBITDA | -172.11M | -138.77M | -52.53M | -18.56M | -10M | -5.16M |
| EBITDA Margin % | - | - | - | - | - | - |
| EBITDA Growth % | -173.36% | -164.16% | -183.03% | -85.7% | -93.75% | - |
| Depreciation & Amortization | 561K | 522K | 268K | 75K | 29.53K | 2.57K |
| D&A / Revenue % | - | - | - | - | - | - |
| Operating Income (EBIT) | -172.67M | -139.29M | -52.8M | -18.64M | -10.02M | -5.16M |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | -163.81% | -183.33% | -85.9% | -94.23% | - |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Coverage | - | - | - | - | - | - |
| Interest / Revenue % | - | - | - | - | - | - |
| Non-Operating Income | 4M | 1000K | -1000K | -1000K | 920 | 4.87K |
| Pretax Income | -125.88M | -110.19M | -72.93M | -32.17M | -10.02M | -5.16M |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | 3.04M | -4.53M | 683K | 0 | 0 | 0 |
| Effective Tax Rate % | -2.41% | 4.11% | -0.94% | 0% | 0% | 0% |
| Net Income | -128.92M | -105.66M | -73.62M | -32.17M | -10.02M | -5.16M |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | -124.8% | -43.53% | -128.81% | -220.96% | -94.39% | - |
| EPS (Diluted) | -0.76 | -0.72 | -0.74 | -0.47 | 0.06 | -0.02 |
| EPS Growth % | -68% | 3.26% | -59.38% | -860.59% | 472.12% | - |
| EPS (Basic) | - | -0.72 | -0.74 | -0.47 | 0.06 | -0.02 |
| Diluted Shares Outstanding | 170.33M | 146.35M | 98.91M | 68.89M | 63.95M | 63.95M |
High regulatory and execution risk
As indicated by the company's financial statements, Oklo remains in a pre-revenue phase with zero reported income across the last ten quarters, reflecting a business model that is entirely dependent on future commercialization of its fast-fission technology rather than current utility-scale power delivery or rate-based recovery.
The absence of revenue confirms that the company is currently operating as a development-stage entity rather than a regulated utility. Investors should note that the lack of top-line growth is expected until the company successfully navigates the NRC licensing process and achieves operational status for its first reactor units.
Based on reported figures, operating losses have widened significantly from $7.3 million in 2023Q4 to $51.2 million in 2026Q1, primarily driven by the intensive capital requirements of navigating the first-of-a-kind nuclear regulatory approval cycle and maintaining a specialized engineering workforce.
The steady increase in operating expenses suggests that the company is scaling its regulatory and technical infrastructure ahead of any potential revenue generation. This trend warrants close monitoring, as the burn rate appears to be accelerating without a corresponding shift in the regulatory or commercial timeline.
According to recent SEC filings, the company reported a net loss of $33.1 million in 2026Q1, highlighting that current earnings are entirely negative and driven by R&D and administrative overhead rather than the core regulated earnings power typical of established utility providers.
The volatility in EPS, which reached a low of -$0.34 in 2024Q1, underscores the speculative nature of the company's current financial profile. Analysts should distinguish between these development-stage losses and the eventual regulated earnings power that management targets through its proposed Build-Own-Operate model.
As reported in financial statements, the income statement fails to capture the significant off-balance-sheet risks associated with future decommissioning liabilities and the potential for prolonged regulatory delays that could fundamentally compress the company's long-term return on invested capital once operations finally commence.
The current P&L does not reflect the substantial environmental remediation costs that will eventually be required for fast-fission reactors. Furthermore, the reliance on non-binding MOUs for backlog figures suggests that the company's future revenue potential may be significantly more uncertain than the headline figures imply.
Quick answers to the most common questions about buying OKLO stock.
For fiscal year 2025, Oklo Inc. (OKLO) reported total revenue of $0.0M.
Oklo Inc. (OKLO) reported a net loss of $105.7M for the fiscal year ending 2025.