10-Q · May 12, 2026
Oklo's Q1 2026 results show significant growth in operating expenses and revenue sources, primarily driven by increased research and development and general administrative costs. The company recorded a net loss of $33.1…
Earnings analysis · 10-Q
OKLO earnings analysis
Filed June 17, 2026 · Our reading of the company's report
The latest report
Oklo Inc. reported Q1 2026 results characterized by continued operational losses and a reliance on cash reserves, having generated no revenue and recorded an EPS of -$0.19, consistent with prior estimates. The company…
Read full summary
Oklo Inc. reported Q1 2026 results characterized by continued operational losses and a reliance on cash reserves, having generated no revenue and recorded an EPS of -$0.19, consistent with prior estimates. The company is focusing on significant projects in nuclear energy and fuel recycling, alongside strategic partnerships to enhance its market position amid ongoing high operating costs.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.19
What stood out
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No Revenue Generated
The company reported zero revenue for Q1 2026, a significant lack of progress compared to prior expectations.
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Operating Expenses Rising Significantly
Total operating expenses reached $51.2 million, up from $25.1 million in Q1 2025, a 104.2% increase.
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Research and Development Costs Surge
R&D expenses soared to $27.0 million from $7.8 million year-over-year, marking a 244.7% increase.
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Interest Income Increased Sharply
Interest and dividend income increased to $21.3 million, up from $3.7 million, representing a 484.2% gain.
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Significant Cash Reserves
As of March 31, 2026, cash and marketable securities totaled $2.54 billion, indicating strong liquidity.
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Increased Headcount and Salaries
85 new employees boosted compensation costs by $5.8 million, contributing to overall rising operational expenses.
What to watch
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High Operational Costs Persist
Total cash used in operating activities was $17.9 million in Q1 2026, up from $12.2 million in Q1 2025.
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Dependence on Cash Reserves
With an accumulated deficit of $273.8 million, the company relies heavily on its cash reserves for operations.
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Regulatory Approval Timeline Uncertain
Delays or rejections in obtaining regulatory approvals for its powerhouses could severely impact future operations.
Management's outlook
Management anticipates continued reliance on existing cash reserves for the foreseeable future to fund operations and project deployments.
Earlier filings 4
10-K · March 17, 2026
Oklo’s 2025 Form 10-K documents material technical and commercial progress (DOE approvals, a 5 metric ton HALEU fuel award, and expanded business lines via the Atomic Alchemy acquisition) while the company remains…
10-Q · November 14, 2024
Oklo reported no revenue and a net loss of $9,959,165 (net loss per share $0.08) for the quarter ended September 30, 2024. The company completed a business combination that materially strengthened liquidity (total cash,…
10-Q · May 8, 2024
AltC Acquisition Corp. (a SPAC) generated net income of $1,528,369 in Q1 2024 driven by interest income from its Trust Account, but operating cash used and a steep decline in cash outside the Trust raise liquidity…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.