Oklo Inc. Financials
This page shows Oklo Inc. (oklo) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Oklo Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Oklo Inc. generates $0.52 in operating cash flow (-$38.4M OCF vs -$73.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Oklo Inc.'s EBITDA was -$52.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 183.0% from the prior year.
Oklo Inc. generated -$38.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 140.9% from the prior year.
Oklo Inc. reported -$73.6M in net income in fiscal year 2024. This represents a decrease of 128.8% from the prior year.
Oklo Inc. earned $-0.74 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 57.4% from the prior year.
Oklo Inc. held $97.1M in cash against $0 in long-term debt as of fiscal year 2024.
Oklo Inc. had 138M shares outstanding in fiscal year 2024. This represents an increase of 98.9% from the prior year.
Oklo Inc. invested $26.7M in research and development in fiscal year 2024. This represents an increase of 173.6% from the prior year.
Oklo Inc. invested $352K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 324.1% from the prior year.
oklo Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $14.9M+30.3% | $11.5M+46.2% | $7.8M | N/A | $5.0M-52.9% | $10.7M+192.9% | $3.7M | N/A |
| SG&A Expenses | $21.4M+29.1% | $16.5M+65.0% | $10.0M | N/A | $7.2M+2.6% | $7.1M+90.1% | $3.7M | N/A |
| Operating Income | -$36.3M-29.6% | -$28.0M-56.7% | -$17.9M | N/A | -$12.3M+30.9% | -$17.8M-141.1% | -$7.4M | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $531K+23.2% | $431K+109.8% | -$4.4M | N/A | $225K+37.2% | $164K | $0 | N/A |
| Net Income | -$29.7M-20.4% | -$24.7M-151.6% | -$9.8M | N/A | -$10.0M+63.5% | -$27.3M-13.6% | -$24.0M | N/A |
| EPS (Diluted) | $-0.20-11.1% | $-0.18-157.1% | $-0.07 | N/A | $-0.08+70.4% | $-0.27 | $-0.34 | N/A |
oklo Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+70.5% | $731.1M+142.0% | $302.1M+7.2% | $281.7M-4.1% | $293.8M-1.8% | $299.2M-2.9% | $308.2M+1970.6% | $14.9M |
| Current Assets | $931.8M+71.7% | $542.7M+164.8% | $204.9M-11.7% | $231.9M-1.2% | $234.8M-1.8% | $239.2M+33993.5% | $702K-95.1% | $14.2M |
| Cash & Equivalents | $410.0M+80.8% | $226.8M+151.7% | $90.1M-7.3% | $97.1M+5.8% | $91.8M-13.1% | $105.7M+25012.9% | $421K-95.7% | $9.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $6.7M0.0% | $6.7M0.0% | $6.7M | $0 | N/A | N/A | N/A | N/A |
| Total Liabilities | $40.6M+17.2% | $34.7M+5.7% | $32.8M+6.3% | $30.9M+1.2% | $30.5M+2.1% | $29.9M-91.8% | $365.5M+642.2% | $49.2M |
| Current Liabilities | $13.8M+81.3% | $7.6M+34.6% | $5.7M+6.0% | $5.3M+10.1% | $4.8M-0.7% | $4.9M+7.1% | $4.6M+42.2% | $3.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.2B+73.1% | $696.4M+158.6% | $269.3M+7.4% | $250.9M-4.7% | $263.3M-2.2% | $269.3M+570.2% | -$57.3M-66.7% | -$34.4M |
| Retained Earnings | -$199.3M-17.5% | -$169.6M-17.0% | -$144.9M-7.3% | -$135.1M-8.2% | -$124.8M-8.7% | -$114.9M-676.5% | -$14.8M+75.9% | -$61.5M |
oklo Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.0M+2.4% | -$18.5M-50.9% | -$12.2M+9.1% | -$13.5M-71.0% | -$7.9M+19.2% | -$9.8M-33.9% | -$7.3M-29.6% | -$5.6M |
| Capital Expenditures | $5.0M+475.4% | $877K+164.2% | $332K+381.2% | $69K-37.8% | $111K+48.0% | $75K-22.7% | $97K+323.3% | $23K |
| Free Cash Flow | -$23.1M-19.3% | -$19.3M-53.9% | -$12.6M+7.1% | -$13.5M-69.4% | -$8.0M+18.7% | -$9.8M-33.1% | -$7.4M-30.8% | -$5.6M |
| Investing Cash Flow | -$325.2M-13.4% | -$286.8M-4828.9% | $6.1M-66.7% | $18.2M+424.4% | -$5.6M+97.0% | -$188.3M-193988.7% | -$97K-323.3% | -$23K |
| Financing Cash Flow | $526.5M+19.1% | $441.9M+50605.6% | -$875K-244.9% | $604K+255.3% | -$389K-100.1% | $265.7M+647.7% | $35.5M+545.5% | $5.5M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
oklo Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -2.4%+1.0pp | -3.4%-0.1pp | -3.3% | N/A | -3.4%+5.7pp | -9.1%-1.3pp | -7.8% | N/A |
| Current Ratio | 67.51-3.8 | 71.27+35.0 | 36.23-7.2 | 43.47-5.0 | 48.45-0.6 | 49.03+48.9 | 0.15-4.3 | 4.43 |
| Debt-to-Equity | 0.03-0.0 | 0.05-0.1 | 0.120.0 | 0.120.0 | 0.120.0 | 0.11+6.5 | -6.38-4.9 | -1.43 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Oklo Inc. profitable?
No, Oklo Inc. (oklo) reported a net income of -$73.6M in fiscal year 2024.
What is Oklo Inc.'s earnings per share (EPS)?
Oklo Inc. (oklo) reported diluted earnings per share of $-0.74 for fiscal year 2024. This represents a -57.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Oklo Inc.'s EBITDA?
Oklo Inc. (oklo) had EBITDA of -$52.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Oklo Inc.'s free cash flow?
Oklo Inc. (oklo) generated -$38.7M in free cash flow during fiscal year 2024. This represents a -140.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Oklo Inc.'s operating cash flow?
Oklo Inc. (oklo) generated -$38.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Oklo Inc.'s total assets?
Oklo Inc. (oklo) had $281.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Oklo Inc.'s capital expenditures?
Oklo Inc. (oklo) invested $352K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Oklo Inc. spend on research and development?
Oklo Inc. (oklo) invested $26.7M in research and development during fiscal year 2024.
How many shares does Oklo Inc. have outstanding?
Oklo Inc. (oklo) had 138M shares outstanding as of fiscal year 2024.
What is Oklo Inc.'s current ratio?
Oklo Inc. (oklo) had a current ratio of 43.47 as of fiscal year 2024, which is generally considered healthy.
What is Oklo Inc.'s debt-to-equity ratio?
Oklo Inc. (oklo) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Oklo Inc.'s return on assets (ROA)?
Oklo Inc. (oklo) had a return on assets of -26.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Oklo Inc.'s cash runway?
Based on fiscal year 2024 data, Oklo Inc. (oklo) had $97.1M in cash against an annual operating cash burn of $38.4M. This gives an estimated cash runway of approximately 30 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Oklo Inc.'s Piotroski F-Score?
Oklo Inc. (oklo) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Oklo Inc.'s earnings high quality?
Oklo Inc. (oklo) has an earnings quality ratio of 0.52x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.