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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% | - | 43.5% |
| 2024 | $0M | $-53M | $-74M | $-39M | -29.3% | - | 128.8% |
| 2023 | $0M | $-19M | $-32M | $-16M | 93.6% | - | 221.0% |
| 2022 | $0M | $-10M | $-10M | $-10M | 35.7% | - | - |
| 2021 | - | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 0 | 0 | 0 | 0 |
| Operating Revenue | - | 0 | 0 | 0 | 0 |
| Operating Expense | - | 10.02 | 18.64 | 52.80 | 139.29 |
| Research And Development | - | 6.02 | 9.76 | 26.71 | 58.85 |
| Selling General And Administration | - | 4 | 8.87 | 26.09 | 80.44 |
| Total Expenses | - | 10.02 | 18.64 | 52.80 | 139.29 |
| Operating Income | - | -10.02 | -18.64 | -52.80 | -139.29 |
| Total Operating Income As Reported | - | -10.02 | -18.64 | -52.80 | -139.29 |
| EBITDA | - | -10 | -18.56 | -52.53 | -138.77 |
| Normalized EBITDA | - | -10 | -4.84 | -24.67 | -138.77 |
| EBIT | - | -10.02 | -18.64 | -52.80 | -139.29 |
| Interest Income | - | 0 | 0.18 | 7.73 | 29.10 |
| Net Interest Income | - | 0 | 0.18 | 7.73 | 29.10 |
| Other Income Expense | - | - | -13.72 | -27.86 | - |
| Interest Income Non Operating | - | 0 | 0.18 | 7.73 | 29.10 |
| Net Non Operating Interest Income Expense | - | 0 | 0.18 | 7.73 | 29.10 |
| Pretax Income | - | -10.02 | -32.17 | -72.93 | -110.19 |
| Tax Provision | - | 0 | 0 | 0.68 | -4.53 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -5.85 | 0 |
| Net Income Continuous Operations | - | -10.02 | -32.17 | -73.62 | -105.66 |
| Net Income From Continuing And Discontinued Operation | - | -10.02 | -32.17 | -73.62 | -105.66 |
| Net Income From Continuing Operation Net Minority Interest | - | -10.02 | -32.17 | -73.62 | -105.66 |
| Net Income | - | -10.02 | -32.17 | -73.62 | -105.66 |
| Net Income Common Stockholders | - | -10.02 | -32.17 | -73.62 | -105.66 |
| Net Income Including Noncontrolling Interests | - | -10.02 | -32.17 | -73.62 | -105.66 |
| Normalized Income | - | -10.02 | -18.46 | -51.60 | -105.66 |
| Diluted NI Availto Com Stockholders | - | -10.02 | -32.17 | -73.62 | -105.66 |
| Basic Average Shares | 70.32 | 70.32 | 70.32 | 98.91 | - |
| Diluted Average Shares | 70.32 | 70.32 | 70.32 | 98.91 | - |
| Reconciled Depreciation | - | 0.03 | 0.08 | 0.27 | 0.52 |
| Total Unusual Items | - | - | -13.72 | -27.86 | - |
| Total Unusual Items Excluding Goodwill | - | - | -13.72 | -27.86 | - |
| Gain On Sale Of Security | - | - | -13.72 | -27.86 | - |
| 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 | 1.66 | 2.47 | - | - | - |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Oklo Inc.this co. | OKLO | $11.4B | -107.68 | 7.71 | -7.2% | -76.31 |
| Ormat Technologies, Inc. | ORA | $8.8B | 70.66 | 3.44 | 4.9% | 21.24 |
| TXNM Energy, Inc. | TXNM | $6.6B | 43.21 | 1.93 | 4.5% | 13.10 |
| Southwest Gas Holdings, Inc. | SWX | $6.3B | 14.34 | 1.59 | 11.1% | 10.69 |
| Portland General Electric Company | POR | $5.7B | 18.79 | 1.39 |
| - |
| - |
| 7.4% |
| 9.09 |
| New Jersey Resources Corporation | NJR | $5.5B | 16.42 | 2.30 | 14.0% | 12.47 |
| Black Hills Corporation | BKH | $5.5B | 18.77 | 1.43 | 7.6% | 11.98 |
| Brookfield Infrastructure Corporation | BIPC | $5.1B | - | - | 18.6% | 6.17 |
| Fluence Energy, Inc. | FLNC | $5.0B | -103.57 | 11.65 | -11.2% | -276.81 |
| Peer Median | - | 18.77 | 1.93 | 7.5% | 11.33 | |