Oklo Inc. Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong execution across power, fuel, and isotope segments, with $2.5B in liquidity and major regulatory and construction milestones achieved. Strategic partnerships and new NRC pathways support accelerated deployment and diversified fuel sourcing.
Fiscal Year 2025
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Transitioned to active project deployment in 2025, advancing power, fuel, and isotope assets, and secured a major prepayment agreement with Meta. Ended the year with $1.4B in cash, raised an additional $1.182B, and increased 2026 investment guidance to support growth across all business units.
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Momentum continues with major regulatory, construction, and fuel supply milestones, including DOE pilot program selections, groundbreaking at Aurora INL, and a $1.68B fuel center. Q3 ended with $1.2B in cash, a $36.3M operating loss, and strong customer pipeline progress.
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Federal policy and regulatory reforms are accelerating advanced nuclear deployment, supporting Oklo's licensing, fuel strategy, and project economics. Strong liquidity from a $460M equity raise and a 14 GW customer pipeline position the company for rapid growth and scalable operations.
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Momentum in nuclear policy and regulatory support is accelerating, with Oklo advancing licensing, site preparation, and fuel strategy for its first commercial plant. Q1 2025 saw a $17.9M operating loss and $260.7M in cash, with a robust customer pipeline and new radioisotope market entry.
Fiscal Year 2024
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Major commercial wins in 2024 included a 12 GW Switch agreement and a 500 MW Equinix partnership, while the powerhouse design expanded to 75 MW to meet surging data center demand. Net loss improved to $73.6M, with $275.3M in year-end cash, and regulatory progress positions the company for 2025 growth.
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Q3 saw major customer and regulatory milestones, a $25M Equinix prepayment, and the Atomic Alchemy acquisition to expand into radioisotopes. Cash remains strong at $288.5M, with 2.1 GW in signed agreements and a late 2027 target for first reactor operations.
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Strong capital position and regulatory progress support advanced nuclear deployment, with a growing 1.4 GW customer pipeline led by data centers and oil & gas. First plant targeted for 2027, with fuel recycling and major customer agreements driving future growth.