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Oklo Inc. develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States. The company's primary offering is the Aurora powerhouse, which is designed to produce between 15 and up to 75 megawatts of electricity. The company is also commercializing nuclear fuel recycling, fuel fabrication technology that can convert used nuclear fuel into usable fuel for its reactors, and the production of radioisotopes. The company was formerly known as AltC Acquisition Corp. and changed its name to Oklo Inc. in May 2024. Oklo Inc. was founded in 2013 and is headquartered in Santa Clara, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $-139M | $-106M | $-115M | -7.2% | - | - |
| 2024 | $0M | $-53M | $-74M | $-39M | -29.3% | - | - |
| 2023 | $0M | $-19M | $-32M | $-16M | 93.6% | - | - |
| 2022 | $0M | $-10M | $-10M | $-10M | 35.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0 | 0 | 0 | 0 |
| Operating Expense | 10.02 | 18.64 | 52.80 | 139.29 |
| Operating Income | -10.02 | -18.64 | -52.80 | -139.29 |
| EBITDA | -10 | -18.56 | -52.53 | -138.77 |
| EBIT | -10.02 | -18.64 | -52.80 | -139.29 |
| Pretax Income | -10.02 | -32.17 | -72.93 | -110.19 |
| Tax Provision | 0 | 0 | 0.68 | -4.53 |
| Net Income | -10.02 | -32.17 | -73.62 | -105.66 |
| Net Income Common Stockholders | -10.02 | -32.17 | -73.62 | -105.66 |
| Total Expenses | 10.02 | 18.64 | 52.80 | 139.29 |
| Interest Income | 0 | 0.18 | 7.73 | 29.10 |
| Research And Development | 6.02 | 9.76 | 26.71 | 58.85 |
| Selling General And Administration | 4 | 8.87 | 26.09 | 80.44 |
| Normalized EBITDA | -10 | -4.84 | -24.67 | -138.77 |
| Normalized Income | -10.02 | -18.46 | -51.60 | -105.66 |
| Basic EPS | -0.14 | -0.46 | -0.74 | 0 |
| Diluted EPS | -0.14 | -0.46 | -0.74 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | -5.85 | 0 |
| Tax Rate For Calcs | 0 | 0 | 0.21 | 0.04 |
| Total Unusual Items | 0 | -13.72 | -27.86 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | -13.72 | -27.86 | 0 |
| Net Income From Continuing Operation Net Minority Interest | -10.02 | -32.17 | -73.62 | -105.66 |
| Reconciled Depreciation | 0.03 | 0.07 | 0.27 | 0.52 |
| Net Interest Income | 0 | 0.18 | 7.73 | 29.10 |
| Net Income From Continuing And Discontinued Operation | -10.02 | -32.17 | -73.62 | -105.66 |
| Total Operating Income As Reported | -10.02 | -18.64 | -52.80 | -139.29 |
| Diluted Average Shares | 70.32 | 70.32 | 98.91 | 0 |
| Basic Average Shares | 70.32 | 70.32 | 98.91 | 0 |
| Diluted NI Availto Com Stockholders | -10.02 | -32.17 | -73.62 | -105.66 |
| Net Income Including Noncontrolling Interests | -10.02 | -32.17 | -73.62 | -105.66 |
| Net Income Continuous Operations | -10.02 | -32.17 | -73.62 | -105.66 |
| Other Income Expense | 0 | -13.72 | -27.86 | 0 |
| Gain On Sale Of Security | 0 | -13.72 | -27.86 | 0 |
| Net Non Operating Interest Income Expense | 0 | 0.18 | 7.73 | 29.10 |
| Interest Income Non Operating | 0 | 0.18 | 7.73 | 29.10 |
| General And Administrative Expense | 4 | 8.87 | 26.09 | 80.44 |
| Other Gand A | 1.53 | 8.87 | 26.09 | 80.44 |
| Salaries And Wages | 2.47 | 0 | 0 | 0 |
| Operating Revenue | 0 | 0 | 0 | 0 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Oklo Inc.this co. | OKLO | $11.3B | - | 7.07 | -7.2% | -72.44 |
| Ormat Technologies, Inc. | ORA | $6.8B | 54.61 | 2.64 | 4.6% | 20.43 |
| Southwest Gas Holdings, Inc. | SWX | $6.7B | 28.28 | 1.68 | 11.1% | 11.64 |
| TXNM Energy, Inc. | TXNM | $6.5B | 39.77 | 1.88 | 4.4% | 14.10 |
| Portland General Electric Company | POR | $5.9B | 18.43 | 1.43 |
| 7.4% |
| 9.72 |
| Black Hills Corporation | BKH | $5.7B | 18.67 | 1.47 | 7.5% | 12.50 |
| New Jersey Resources Corporation | NJR | $5.6B | 17.15 | 2.26 | 14.0% | 13.89 |
| ONE Gas, Inc. | OGS | $5.5B | 20.05 | 1.60 | 7.7% | 11.43 |
| Spire Inc. | SR | $5.3B | 19.63 | 1.66 | 8.0% | 12.48 |
| Peer Median | - | 19.84 | 1.67 | 7.6% | 12.49 | |