Oklo (OKLO) Company Report

Oklo Inc. entered into an equity distribution agreement on December 4, 2025, with several managers, including Goldman Sachs & Co. LLC and BofA Securities, Inc..
This agreement allows the company to offer and sell Class A common stock with aggregate gross sales proceeds of up to $1,500,000,000 through an "at the market" equity offering program.
The company will pay the sales agents a commission of up to 1.5% of the gross sales price per share.
The Class A Common Stock has been approved for listing on the New York Stock Exchange (NYSE).

Dec 4, 2025, 9:58 PM

8-K

Oklo Reports Q3 2025 Financials and Project Milestones

OKLO

Earnings

New Projects/Investments

Guidance Update

Oklo reported a Q3 2025 operating loss of $36.3 million and ended the quarter with approximately $1.2 billion in cash and marketable securities following a $540 million at-the-market fundraising program. The full-year cash used in operating activities is expected to be within the guided range of $65-$80 million.
The company was selected for three projects under the Department of Energy's Reactor Pilot Program (RPP), including the Aurora INL powerhouse, which broke ground and began physical construction activities in October 2025, targeting operation in the 2027-2028 timeline.
Oklo announced the Advanced Fuel Center in Tennessee, representing an investment of up to $1.68 billion for fuel recycling and fabrication, and was selected for the Department of Energy's Advanced Nuclear Fuel Line Pilot Program.
Its subsidiary, Atomic Alchemy, had its pilot facility selected under the RPP, designed to prove isotope production, and is targeting to be operational by mid-2026.

Nov 11, 2025, 10:00 PM

Transcript

Oklo Reports Q3 2025 Financials, Advances DOE Reactor Pilot Program Projects, and Secures Fuel Supply Investments

OKLO

Earnings

New Projects/Investments

Equity Issuance

Oklo reported a Q3 2025 operating loss of $36.3 million and ended the quarter with approximately $1.2 billion in cash and marketable securities after raising $540 million in gross proceeds through an at-the-market program. The company reaffirmed its full-year guidance for cash used in operating activities to be between $65 million and $80 million.
The company was selected for three projects under the Department of Energy's (DOE) Reactor Pilot Program, which provides authorization pathways to accelerate deployment. This includes the Aurora INL powerhouse, where physical construction activities began on October 27th.
Oklo announced the Advanced Fuel Center, representing an investment of up to $1.68 billion to establish a long-term fuel supply chain and create over 800 permanent jobs, with initial production targeted for the early 2030s. The company was also selected for the DOE's Advanced Nuclear Fuel Line Pilot Program.
Oklo's subsidiary, Atomic Alchemy, had its pilot facility selected under the DOE's Reactor Pilot Program, aiming to be operational by mid-2026. Additionally, Oklo signed new international partnerships with Moltex and Nucleo, with Nucleo potentially investing up to $2 billion.

Nov 11, 2025, 10:00 PM

Transcript

Oklo Reports Strong Q3 2025 Financials and Advances Key Reactor and Fuel Projects

OKLO

Earnings

New Projects/Investments

Oklo reported a strong balance sheet at the end of Q3 2025, with approximately $1.2 billion in cash and marketable securities, and cash burn tracking in line with expectations.
The company achieved significant project milestones, including breaking ground on the Aurora INL powerhouse on October 27th and being selected for three projects under the Department of Energy's Reactor Pilot Program.
Oklo is advancing its fuel strategy through the announcement of its Advanced Fuel Center, a $1.68 billion investment in Tennessee for fuel recycling and fabrication, and its selection for the DOE's Advanced Nuclear Fuel Line Pilot Program.
The company highlighted the availability of up to 20 tons of government plutonium as a bridge fuel source, which could be converted into 180 metric tons of Aurora fuel, potentially accelerating reactor deployment by avoiding enrichment needs.

Nov 11, 2025, 10:00 PM

Transcript

Oklo Announces Q3 2025 Results and Operational Progress

OKLO

Earnings

New Projects/Investments

Oklo reported a loss from operations of $36.3 million and a loss before income taxes of $29.2 million for Q3 2025.
The company maintained a strong balance sheet with $1.184 billion in cash and marketable securities as of Q3 2025, which includes $526.5 million from its successful ATM program.
Oklo was selected for three DOE Reactor Pilot Program projects, and the groundbreaking for the Aurora-INL Powerhouse was completed in September, with major site earthworks commencing in October.
The Atomic Alchemy Pilot Project is targeting first operations by July 2026, and Oklo announced a Tennessee fuel campus initiative, alongside new partnerships with Blykalla and newcleo for advanced nuclear ecosystem development.

Nov 11, 2025, 10:00 PM

Presentation

Oklo Inc. updates stock offering program

OKLO

Oklo Inc. filed a prospectus supplement on September 3, 2025, for the offer and sale of Class A common stock with an aggregate offering price of up to $539,999,000.
This offering is pursuant to an Equity Distribution Agreement with Goldman Sachs & Co. LLC, BofA Securities, Inc., B. Riley Securities, Inc., and TD Securities (USA) LLC.
As of September 3, 2025, the company had already issued and sold 5,458,953 shares for approximately $400,000,000 under a prior prospectus supplement.
Consequently, Oklo Inc. may sell additional shares with an aggregate gross sales price of up to approximately $139,999,000 under the new prospectus supplement.

Sep 3, 2025, 8:15 PM

8-K

Oklo completes equity offering raising $440.6 million

OKLO

Oklo entered into an underwriting agreement on June 12, 2025 to sell 6,666,667 Class A common shares, with a 30-day option for 1,000,000 additional shares that was fully exercised, at $57.60 per share.
The offering closed on June 16, 2025, generating $440.6 million in net proceeds for general corporate purposes, working capital and capital expenditures.
Shares were issued under a shelf registration on Form S-3 (No. 333-287715) that became effective June 12, 2025; the 8-K includes the underwriting agreement and related legal opinion.

Jun 16, 2025, 12:00 AM

8-K

Oklo Inc Q1 2025 Earnings & Strategic Update

OKLO

Earnings

Board Change

New Projects/Investments

Board & Governance: Announced changes with Sam Doane’s departure and CEO Jake Dewitte assuming the Chairman role to foster commercial partnerships .
Financial Performance: Reported a Q1 2025 operating loss of $17.9M, with cash used in operations at $12.2M and strong liquidity of approximately $261M in cash/marketable securities .
Project Progress: Initiated Phase 1 pre-application readiness work for the Aurora powerhouse at INL, complemented by completed INL site drilling and key licensing steps, targeting first commercial unit operation in late '27 to early '28 .
Fuel Strategy & Partnerships: Advanced efforts by securing HALEU supply, launching a fuel foundry pilot, and collaborating with partners like Centrus and Lightbridge to support future scaling .
Strategic Focus: Emphasized accelerated nuclear deployment through enhanced regulatory efficiency and growing federal political backing .

May 13, 2025, 9:01 PM

Transcript Presentation

Oklo Inc. Announces Director Resignation

OKLO

Board Change

Sam Altman resigned as Chair and Class II Director on April 22, 2025, effective immediately, with his departure not stemming from any operational disagreements.
The change was disclosed via an 8-K filing, ensuring prompt notification to investors regarding the board composition update.

Apr 22, 2025, 12:00 AM

8-K

Oklo Inc Advances Licensing, Technology & Strategic Partnerships

OKLO

New Projects/Investments

M&A

Board Change

Strategic partnerships and commercial milestones: Oklo confirmed key agreements including a landmark 12 gigawatt clean power deal with Switch and multiple LOIs with notable industry players, driving its customer pipeline and market positioning.
Technological and regulatory progress: The company is advancing its scalable reactor design, which now supports outputs from 15 to 75 megawatts, and is actively progressing with its combined license (COL) application at Idaho National Laboratory through a pre-application readiness assessment.
Financial updates and strategic investments: Oklo provided insights on its 2024 operating loss adjustments, outlined steps taken to improve financial performance, and highlighted the acquisition of Atomic Alchemy to expand its high-value radioisotope business.
Board enhancements: The addition of experienced leaders to the board strengthens Oklo’s governance and supports its overall strategic growth objectives.