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Oklo Inc. (OKLO) Fundamental Analysis & AI Grade 2026

OKLO NYSE Electric Services DE CIK: 0001849056
Updated This Month • Analysis: May 14, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
65% Confidence
AGREEMENT
C
65% Conf
B
65% Conf

📊 OKLO Key Takeaways

Revenue: N/A
Net Margin: N/A
Free Cash Flow: $-50.7M
Current Ratio: 59.93x
Debt/Equity: 0.02x
EPS: $-0.19
AI Grade: C with 65% confidence
Oklo Inc. (OKLO) receives a C fundamental grade with 65% confidence from our AI analysis based on SEC 10-K filings., and return on equity (ROE) of -1.3% Below is our complete OKLO stock analysis for 2026.

Is Oklo Inc. (OKLO) a Good Investment?

Claude

Oklo is a well-capitalized but pre-revenue company with -$51.2M operating losses and -$50.7M negative free cash flow, indicating no near-term path to profitability. While the $1.6B cash position and minimal debt (0.02x D/E) provide multi-year operational runway, the absence of revenue, significant capital intensity ($32.8M CapEx), and negative returns (ROE -1.3%, ROA -1.2%) present material execution risk typical of early-stage advanced energy ventures.

ChatGPT

Oklo is pre-revenue with sizeable operating losses, but it holds $788M in cash and minimal debt, providing a multi-year runway to advance development. The balance sheet is exceptionally liquid (49x current ratio), yet the absence of revenue and negative free cash flow highlight execution and regulatory risk before commercialization.

Oklo Inc. Key Strengths (OKLO)

Claude
  • + Exceptional balance sheet: $2.6B equity, only $64.9M liabilities, minimal $42.6M debt
  • + Substantial cash reserves of $1.6B providing 31+ years of runway at current burn rate
  • + Net losses improving 43.5% YoY (declining from ~$58.6M to $33.1M), suggesting operational progress
  • + Superior liquidity with 59.93x current ratio eliminating near-term solvency risk
  • + Operating in high-growth advanced nuclear/clean energy sector with strategic importance
ChatGPT
  • + Exceptional liquidity with $788.45M cash and 49.08x current ratio
  • + Low leverage (0.03x debt/equity) and modest liabilities
  • + Large equity base ($1.48B) providing cushion to fund development

OKLO Stock Risks: Oklo Inc. Investment Risks

Claude
  • ! Complete pre-revenue status with no commercial traction visible in available fundamentals
  • ! Severe negative free cash flow (-$50.7M) on top of -$51.2M operating losses indicates structural unprofitability
  • ! Capital-intensive business model ($32.8M annual CapEx) requires prolonged development cycles with uncertain commercialization timelines
  • ! Nuclear regulatory, technology execution, and market adoption risks inherent to advanced reactor development
  • ! Negative returns across all metrics (ROE -1.3%, ROA -1.2%) with no visible profitability catalysts in current data
ChatGPT
  • ! Pre-revenue with sustained operating losses (-$139.29M) and negative FCF (-$115.38M)
  • ! Capital intensity likely to rise, increasing burn and potential dilution if timelines slip
  • ! Regulatory and project execution risk could delay commercialization and revenue

Key Metrics to Watch

Claude
  • * Revenue generation initiation and timeline to first commercial projects
  • * Operating cash flow trend and path to positive FCF breakeven
  • * Net loss trajectory and gross margin once revenue materializes
  • * Capital efficiency of projects under development relative to projected returns
ChatGPT
  • * Operating cash flow (quarterly burn rate) and cash runway
  • * Revenue initiation and contracted backlog/gross margin once commercial

Oklo Inc. (OKLO) Financial Metrics & Key Ratios

Revenue
N/A
Net Income
$-33.1M
EPS (Diluted)
$-0.19
Free Cash Flow
$-50.7M
Total Assets
$2.7B
Cash Position
$1.6B

💡 AI Analyst Insight

Strong liquidity with a 59.93x current ratio provides a solid financial cushion.

OKLO Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin N/A
ROE -1.3%
ROA -1.2%
FCF Margin N/A

OKLO vs Utilities Sector: How Oklo Inc. Compares

How Oklo Inc. compares to Utilities sector averages

Net Margin
OKLO 0.0%
vs
Sector Avg 12.0%
OKLO Sector
ROE
OKLO -1.3%
vs
Sector Avg 10.0%
OKLO Sector
Current Ratio
OKLO 59.9x
vs
Sector Avg 0.8x
OKLO Sector
Debt/Equity
OKLO 0.0x
vs
Sector Avg 1.4x
OKLO Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Oklo Inc. Stock Overvalued? OKLO Valuation Analysis 2026

Based on fundamental analysis, Oklo Inc. has mixed fundamental signals relative to the Utilities sector in 2026.

Return on Equity
-1.3%
Sector avg: 10%
Net Profit Margin
N/A
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.02x
Sector avg: 1.4x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Oklo Inc. Balance Sheet: OKLO Debt, Cash & Liquidity

Current Ratio
59.93x
Quick Ratio
59.93x
Debt/Equity
0.02x
Debt/Assets
2.4%
Interest Coverage
N/A
Long-term Debt
$42.6M

OKLO Revenue & Earnings Growth: 5-Year Financial Trend

OKLO 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Oklo Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-0.74 indicates the company is currently unprofitable.

OKLO Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
N/A
Free cash flow / Revenue

Oklo Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$17.9M
Cash generated from operations
Stock Buybacks
$215.9M
Shares repurchased (TTM)
Capital Expenditures
$32.8M
Investment in assets
Dividends
None
No dividend program

OKLO SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Oklo Inc. (CIK: 0001849056)

📋 Recent SEC Filings

Date Form Document Action
May 21, 2026 4 xslF345X06/wk-form4_1779395833.xml View →
May 13, 2026 8-K tm2614461d1_8k.htm View →
May 12, 2026 10-Q oklo-20260331.htm View →
May 5, 2026 4 xslF345X06/wk-form4_1778013141.xml View →
May 4, 2026 4 xslF345X06/wk-form4_1777932418.xml View →

Frequently Asked Questions about OKLO

What is the AI rating for OKLO?

Oklo Inc. (OKLO) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 65% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are OKLO's key strengths?

Claude: Exceptional balance sheet: $2.6B equity, only $64.9M liabilities, minimal $42.6M debt. Substantial cash reserves of $1.6B providing 31+ years of runway at current burn rate. ChatGPT: Exceptional liquidity with $788.45M cash and 49.08x current ratio. Low leverage (0.03x debt/equity) and modest liabilities.

What are the risks of investing in OKLO?

Claude: Complete pre-revenue status with no commercial traction visible in available fundamentals. Severe negative free cash flow (-$50.7M) on top of -$51.2M operating losses indicates structural unprofitability. ChatGPT: Pre-revenue with sustained operating losses (-$139.29M) and negative FCF (-$115.38M). Capital intensity likely to rise, increasing burn and potential dilution if timelines slip.

What is OKLO's revenue and growth?

Oklo Inc. reported revenue of N/A.

Does OKLO pay dividends?

Oklo Inc. does not currently pay dividends.

Where can I find OKLO SEC filings?

Official SEC filings for Oklo Inc. (CIK: 0001849056) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is OKLO's EPS?

Oklo Inc. has a diluted EPS of $-0.19.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is OKLO's fundamental grade?

Based on our AI fundamental analysis in May 2026, Oklo Inc. has a C grade with 65% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is OKLO stock overvalued or undervalued?

Valuation metrics for OKLO: ROE of -1.3% (sector avg: 10%), net margin of N/A (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is OKLO's AI grade for 2026?

Our dual AI analysis gives Oklo Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is OKLO's free cash flow?

Oklo Inc.'s operating cash flow is $-17.9M, with capital expenditures of $32.8M.

How does OKLO compare to other Utilities stocks?

Vs Utilities sector averages: Net margin N/A (avg: 12%), ROE -1.3% (avg: 10%), current ratio 59.93 (avg: 0.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 14, 2026 | Data as of: 2026-03-31 | Powered by Claude AI