Oklo Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Oklo Inc reported net income of ($105.7M) (-43.5% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Research and development | $58.9M | $26.7M | — | — |
| General and administrative | $80.4M | $26.1M | — | — |
| Total operating expenses | $139.3M | $52.8M | — | — |
| Loss from operations | ($139.3M) | ($52.8M) | ($4.3M) | ($1.8M) |
| Change in fair value of simple agreements for future equity | 0 | -27.9M | — | — |
| Interest and dividend income, net | $29.1M | $7.7M | — | — |
| Total other income (loss) | $29.1M | ($20.1M) | $22.2M | $7.2M |
| Loss before income taxes | ($110.2M) | ($72.9M) | $18.0M | $5.4M |
| Income tax benefit (expense) | $4.5M | ($683.0K) | ($6.1M) | ($1.5M) |
| Net loss | ($105.7M) | ($73.6M) | $11.9M | $3.9M |
| Basic - Class A common stock (in dollars per share) | -$0.72 | -$0.74 | $0.40 | $0.06 |
| Diluted - Class A common stock (in dollars per share) | -$0.72 | -$0.74 | $0.40 | $0.06 |
| Weighted-average common shares outstanding - basic - Class A common stock (in shares) | 146.4M | 98.9M | 59.4M | 50.0M |
| Weighted-average common shares outstanding - diluted - Class A common stock (in shares) | 146.4M | 98.9M | 59.4M | 50.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $1.2M | — | — | — |
| Cost of sales | $721.0K | — | — | — |
| Research and development | $39.5M | $27.0M | $14.9M | $11.5M |
| General and administrative | $34.2M | $24.2M | $21.4M | $16.5M |
| Total operating expenses | $74.4M | $51.2M | $36.3M | $28.0M |
| Loss from operations | ($73.2M) | ($51.2M) | ($36.3M) | ($28.0M) |
| Interest and dividend income, net | $23.2M | $21.3M | $7.1M | $3.8M |
| Other non-operating expenses | ($1.7M) | — | — | — |
| Total other income (expense) | $21.5M | — | $7.1M | $3.8M |
| Loss before income taxes | ($51.7M) | ($29.9M) | ($29.2M) | ($24.3M) |
| Income tax benefit (expense) | $3.2M | ($3.2M) | ($531.0K) | ($431.0K) |
| Net loss | ($48.5M) | ($33.1M) | ($29.7M) | ($24.7M) |
| Basic - Class A common stock (in dollars per share) | -$0.28 | -$0.19 | -$0.20 | -$0.18 |
| Diluted - Class A common stock (in dollars per share) | -$0.28 | -$0.19 | -$0.20 | -$0.18 |
| Weighted-average common shares outstanding - basic - Class A common stock (in shares) | 176.2M | 170.3M | 150.4M | 140.1M |
| Weighted-average common shares outstanding - diluted - Class A common stock (in shares) | 176.2M | 170.3M | 150.4M | 140.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $788.4M | $97.1M | $1.6M | $3.6M |
| Marketable debt securities | $439.5M | $130.7M | — | — |
| Prepaid and other current assets | $25.8M | $4.1M | — | — |
| Total current assets | $1.3B | $231.9M | $2.1M | $4.0M |
| Marketable debt securities, net of current portion | $184.6M | $47.5M | — | — |
| Property, plant and equipment, net | $42.3M | $1.2M | — | — |
| Operating lease right-of-use assets | $1.4M | $982.0K | — | — |
| Indefinite-lived intangible assets | $27.5M | — | — | — |
| Goodwill | $6.6M | — | — | — |
| Other assets | $12.3M | $140.0K | — | — |
| Total assets | $1.5B | $281.7M | $305.6M | $510.1M |
| Accounts payable | $4.1M | $3.0M | — | — |
| Accrued expenses and other | $20.5M | $1.9M | $527.0K | $303.3K |
| Operating lease liabilities | $904.0K | $481.0K | — | — |
| Total current liabilities | $25.5M | $5.3M | $3.5M | $1.5M |
| Operating lease liabilities, net of current portion | $546.0K | $543.0K | — | — |
| Right of first refusal liability | $25.0M | $25.0M | — | — |
| Deferred tax liabilities | $1.2M | — | — | $294.1K |
| Total liabilities | $52.2M | $30.9M | $10.6M | $19.4M |
| Class A common stock, $0.0001 par value – 500,000,000 shares authorized; 160,514,103 and 137,706,596 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 16.0K | 14.0K | 1.4K | 1.4K |
| Additional paid-in capital | $1.7B | $383.7M | $7.9M | $0 |
| Accumulated deficit | ($240.8M) | ($135.1M) | ($16.3M) | ($13.8M) |
| Accumulated other comprehensive income | $1.2M | $2.2M | — | — |
| Total stockholders’ equity | $1.5B | $250.9M | ($8.4M) | ($13.8M) |
| Total liabilities and stockholders’ equity | $1.5B | $281.7M | $305.6M | $510.1M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.6B | $1.6B | $410.0M | $226.8M |
| Restricted cash | $8.4M | — | — | — |
| Marketable debt securities | $820.5M | $614.5M | $511.6M | $307.7M |
| Accounts receivable, net | $2.0M | — | — | — |
| Prepaid expenses and other current assets | $45.4M | $17.0M | $10.2M | $8.2M |
| Total current assets | $2.5B | $2.2B | $931.8M | $542.7M |
| Restricted cash, noncurrent portion | $8.5M | — | — | — |
| Marketable debt securities, net of current portion | $541.1M | $328.3M | $262.0M | $148.5M |
| Property, plant and equipment, net | $176.2M | $95.6M | $11.5M | $3.7M |
| Operating lease right-of-use assets | $3.2M | $2.5M | $1.6M | $1.8M |
| Intangible assets, net | $44.2M | — | — | — |
| Goodwill | $16.5M | $6.6M | $6.7M | $6.7M |
| Other assets | $47.2M | $17.3M | $5.2M | $161.0K |
| Total assets | $3.4B | $2.7B | $1.2B | $731.1M |
| Accounts payable | $10.5M | $14.2M | $2.0M | $2.3M |
| Accrued expenses and other | $38.0M | $21.9M | $10.9M | $4.4M |
| Operating lease liabilities | $1.0M | $1.0M | $880.0K | $854.0K |
| Other current liabilities | $2.5M | — | — | — |
| Total current liabilities | $52.0M | $37.1M | $13.8M | $7.6M |
| Operating lease liabilities, net of current portion | $2.2M | $1.6M | $781.0K | $1.0M |
| Long-term debt, net of current portion | $700.0K | — | — | — |
| Right of first refusal liability | $25.0M | $25.0M | $25.0M | $25.0M |
| Deferred tax liabilities | $1.2M | $1.2M | $1.0M | $1.0M |
| Other liabilities | $3.2M | — | — | — |
| Total liabilities | $84.3M | $64.9M | $40.6M | $34.7M |
| Class A common stock, $0.0001 par value – 500,000,000 shares authorized; 185,090,155 and 160,514,103 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 18.0K | 17.0K | 16.0K | 15.0K |
| Additional paid-in capital | $3.6B | $2.9B | $1.4B | $864.7M |
| Accumulated deficit | ($322.4M) | ($273.8M) | ($199.3M) | ($169.6M) |
| Accumulated other comprehensive (loss) income | ($4.0M) | ($1.5M) | $3.6M | $1.3M |
| Total stockholders’ equity | $3.3B | $2.6B | $1.2B | $696.4M |
| Total liabilities and stockholders’ equity | $3.4B | $2.7B | $1.2B | $731.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net loss | ($105.7M) | ($73.6M) | — | — |
| Depreciation and amortization | $522.0K | $268.0K | — | — |
| Change in fair value of simple agreements for future equity | 0 | 27.9M | — | — |
| Interest income and accretion of discount on marketable debt securities, net | ($3.5M) | — | — | — |
| Stock-based compensation | $41.8M | $12.5M | — | — |
| Deferred income taxes | ($4.5M) | — | — | — |
| Prepaid and other current assets | ($21.6M) | ($1.5M) | — | — |
| Other assets | ($77.0K) | ($115.0K) | — | — |
| Accounts payable | ($1.5M) | ($1.8M) | — | — |
| Accrued expenses and other | $12.3M | ($1.5M) | — | — |
| Operating lease right-of-use assets and liabilities | $24.0K | $31.0K | — | — |
| Net cash used in operating activities | ($82.2M) | ($38.4M) | ($10.8M) | ($954.7K) |
| Purchases of property, plant and equipment | ($33.2M) | ($352.0K) | — | — |
| Purchases of marketable debt securities | ($820.5M) | ($291.6M) | — | — |
| Proceeds from redemptions of marketable debt securities | $377.0M | $116.2M | — | — |
| Payment for acquisition of business, net of cash acquired | ($900.0K) | — | — | — |
| Purchase of other investments | ($12.1M) | — | — | — |
| Net cash used in investing activities | ($489.7M) | ($175.8M) | $224.8M | $1.2M |
| Proceeds from recapitalization | $0 | $276.2M | — | — |
| Payment of taxes from common stock withheld | ($1.6M) | — | — | — |
| Proceeds from exercise of stock options | $4.0M | $1.0M | — | — |
| Proceeds from right of first refusal liability | $0 | $25.0M | — | — |
| Proceeds from simple agreements for future equity | $0 | $10.2M | — | — |
| Payment of offering costs and deferred issuance costs | ($2.8M) | ($11.1M) | — | — |
| Proceeds from sale of common stock, net of offering costs | $1.3B | — | — | — |
| Net cash provided by financing activities | $1.3B | $301.4M | ($215.9M) | — |
| Net increase in cash and cash equivalents | $691.3M | $87.3M | ($1.9M) | $240.3K |
| Cash and cash equivalents - beginning of year | $97.1M | $9.9M | $3.6M | $3.3M |
| Cash and cash equivalents - end of year | $788.4M | $97.1M | — | — |
| Issuance of common stock in connection with acquisition of business | $27.4M | — | — | — |
| Assumed liabilities in connection with acquisition of business | $287.0K | — | — | — |
| Purchases of property, plant and equipment and computer software in accounts payable and accrued expense and other | $8.4M | $540.0K | — | — |
| Offering costs included in accounts payable | $79.0K | — | — | — |
| Offering costs included in accrued expense and other | $240.0K | — | — | — |
| Deferred issuance costs included in accounts payable | $0 | $1.9M | — | — |
| Reclassification of simple agreements for future equity in connection with the Recapitalization | $0 | — | — | — |
| Reclassification of deferred issuance costs in connection with Recapitalization | $0 | $5.5M | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($81.6M) | ($33.1M) | ($64.2M) | ($34.5M) |
| Depreciation and amortization | $500.0K | $163.0K | $373.0K | $249.0K |
| Interest income and accretion of discount on marketable debt securities, net | $891.0K | ($138.0K) | — | — |
| Stock-based compensation | $29.9M | $15.6M | $22.8M | $13.7M |
| Deferred income tax expense (credit) | $2.0K | $0 | ($4.7M) | ($4.7M) |
| Other | $9.0K | — | — | — |
| Prepaid expenses and other current assets | ($10.8M) | $8.7M | ($6.0M) | ($4.0M) |
| Accounts receivable | $517.0K | — | — | — |
| Other assets | ($17.5M) | $5.0K | ($42.0K) | ($21.0K) |
| Accounts payable | $3.3M | ($61.0K) | ($1.2M) | ($2.5M) |
| Accrued expenses and other | $9.3M | ($9.1M) | $4.5M | $1.4M |
| Operating lease right-of-use assets and liabilities | $33.0K | $26.0K | $30.0K | $32.0K |
| Other liabilities | ($49.0K) | — | — | — |
| Net cash used in operating activities | ($65.5M) | ($17.9M) | ($48.7M) | ($30.7M) |
| Purchases of property, plant and equipment | ($126.9M) | ($32.8M) | ($6.3M) | ($1.2M) |
| Purchases of marketable debt securities | ($1.2B) | ($451.7M) | ($756.6M) | ($346.6M) |
| Proceeds from redemptions of marketable debt securities | $432.8M | $130.5M | $162.8M | $68.0M |
| Payment for acquisition of businesses, net of cash acquired | $25.7M | $0 | ($900.0K) | ($900.0K) |
| Other investments | ($16.5M) | ($5.0M) | ($5.0M) | — |
| Net cash used in investing activities | ($912.7M) | ($359.0M) | ($605.9M) | ($280.7M) |
| Payment of taxes from common stock withheld | ($75.0K) | ($75.0K) | ($1.6M) | ($1.6M) |
| Proceeds from exercise of stock options | $1.6M | $737.0K | $2.7M | $1.3M |
| Payment of offering costs and deferred issuance costs | $0 | — | ($1.7M) | ($304.0K) |
| Payment of finance lease liability | ($750.0K) | — | — | — |
| Payment of debt | ($1.4M) | — | — | — |
| Proceeds from sale of common stock, net of offering costs | $1.9B | $1.2B | $968.1M | $441.6M |
| Net cash provided by financing activities | $1.9B | $1.2B | $967.6M | $441.0M |
| Net increase in cash, cash equivalents and restricted cash | $873.2M | $805.7M | $312.9M | $129.6M |
| Cash, cash equivalents and restricted cash - beginning of period | $788.4M | $788.4M | $97.1M | $97.1M |
| Cash, cash equivalents and restricted cash - end of period | $1.7B | — | — | — |
| Cash and cash equivalents | $1.6B | — | — | — |
| Restricted cash | $8.4M | — | — | — |
| Restricted cash, noncurrent portion | $8.5M | — | — | — |
| Total cash, cash equivalents, and restricted cash | $1.7B | — | — | — |
| Cash paid for interest | $54.0K | — | — | — |
| Cash paid for income taxes | $0 | — | $1.3M | $660.0K |
| Issuance of common stock in connection with acquisition of business | $0 | $0 | $27.4M | $27.4M |
| Assumed liabilities in connection with acquisition of businesses | $3.6M | $0 | $287.0K | $287.0K |
| Purchases of property, plant and equipment in accounts payable and accrued expense and other | $9.0M | $20.7M | $4.4M | $1.5M |
| Offering costs included in accounts payable | $0 | — | $32.0K | $1.1M |
| Offering costs included in accrued expense and other | $0 | — | $149.0K | $62.0K |
| Holdback liabilities in connection with the acquisition of businesses | $4.1M | — | — | — |
| Contingent consideration in connection with the acquisition of business | $3.1M | — | — | — |
| Settlement of accounts payable in connection with acquisition of businesses | $564.0K | — | — | — |
Oklo Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.