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Oklo Inc. (OKLO)

Utilities Out of favour

Oklo is a development-stage company aiming to build small, modular nuclear power plants to provide clean energy for data centres and industrial sites.

$36.22

Is Oklo Inc. a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Focuses on the high-growth sector of clean, reliable energy. Worth weighing: No current revenue or profit generation.

No rating · no target price · nothing for sale here
Price+413.8%
= past earnings-report date
Priced in USD. As a UK investor your £ return also moves with the pound-to-dollar exchange rate, even inside an ISA - a stronger pound can trim your £ gains and a weaker pound can add to them, whatever the share price itself does.
52-week range-43% past year
$36.22
Low $36.22High $193.84
Where today's price sits versus its past year - context, not a signal.

What does Oklo Inc. do?

Oklo is essentially a start-up in the nuclear energy space, working to design and deploy compact reactors that can generate electricity on a smaller scale than traditional power stations. Because they are still in the research and development phase, they aren't yet selling power or making a profit, which is why their financial margins are currently zero. Their progress in securing regulatory approvals and building a first operational reactor is what to keep tracking.

On our factor screen it looks strongest on value and quality, and weakest on momentum.

Quick checks
What's strong
What to watch
  • Momentum screens low
  • Income screens low

Does Oklo Inc. pay a dividend?

No - Oklo Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

Does Oklo Inc. have more cash or more debt?

It holds about $2.47B in cash against about $3.96M of debt - so it has net cash of about $2.46B. More cash than debt is a cushion: it does not need to borrow just to cover what it owes.

From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.

What do Oklo Inc.'s numbers mean?

Forward P/E
-47.74
This negative number reflects that the company is not yet making a profit, meaning the traditional way of measuring value based on earnings doesn't apply here.
Lower than most of the 42 Utilities shares we cover
P/B
2.66
This shows investors are paying three times the value of the company's physical assets, reflecting high expectations for its future technology.
Higher than most of the 42 Utilities shares we cover
Beta
1.2
A beta above 1.0 means the share price tends to be more jumpy and sensitive to wider market movements than the average company.
Market Cap
$7.9B
This is the total price tag the market has put on the company, representing the combined value of all its shares.

How has it performed?

Growth of £1,000, the worst fall, and year by year
If you had put $1,000 into Oklo Inc.
$5,138+414%

Over about 2 years to 2026-09-11. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Oklo Inc. actually fallen?

−79%

Over the last 2 years of daily prices, Oklo Inc. fell as much as −79% from a high to a later low. Falls like this are normal when you own a share.

Past falls are not a forecast - it can fall further, or recover.

How has it done year by year?

2022+1%
2023+6%
2024+101%
2025+238%
2026 so far-34%

Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.

A closer look at the numbers

Ownership, earnings history, where the money goes, and the outlook range
Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$8.74B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
11.54M
Day range: The lowest and highest price the shares traded at during the latest day.
$36.20 – $39.20
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$36.61 – $193.84
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
1.20

Does the share price tell you if it's cheap or expensive?

One share costs$36.22
Number of shares241 million
So the whole company is worth$8.74bn
A £5 share is not cheaper than a £500 one - it means the company cut itself into more slices. Whether the total looks high or low is what the figures below are for; we don't give a verdict.

Who owns Oklo Inc.?

Big institutions 47%Company insiders 15%Public & smaller investors 38%

About 47% of Oklo Inc., or about 47 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 15%. The rest, roughly 38%, is held by the public and smaller investors.

What this does and doesn't tell you

This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.

How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 1.20
Calm
Wild
Roughly in step with the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +17% past week · ▼ -43% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

How much money does Oklo Inc. make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$302.50K$605.00K$907.50K$1.21MQ2 25Q3 25Q4 25Q1 26Q2 26
Gross margin
40.4%
Net margin
0.0%
Return on equity
-7.7%

When does Oklo Inc. report earnings, and how did recent quarters go?

Oklo Inc. is next scheduled to report on about 2026-11-10 - dates can move, and we don't predict results; this just tells you when to look.

‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.

Oklo Inc.: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-08-07$-0.16$-0.28Missed -75%
2026-03-17$-0.17$-0.27Missed -63%
2025-11-11$-0.12$-0.20Missed -61%
2025-08-11$-0.11$-0.18Missed -70%
2025-05-13$-0.10$-0.07Beat +33%
2025-03-24$-0.07$-0.09Missed -23%

Across the last 6 quarters here, Oklo Inc. came in ahead of what analysts expected 1 time. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Where these figures come from

Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.

What are the scenarios for Oklo Inc.?

An illustrative range for the year ahead — not a prediction or a price target.

◀ lowerhigher ▶todayBull▲ UpsideBase• In-lineBear▼ Downside
Bull
+15% to +30%Positive news on regulatory milestones or new partnership announcements.
Base
-5% to +5%Continued steady progress on design work without major surprises.
Bear
-10% to -25%Delays in the licensing process or increased cash burn.

What are the pros, cons and common questions?

The case each way, and the questions people ask
The bull case

Commercial viability proven with multiple signed contracts for energy delivery.

The bear case

Technology fails to gain commercial traction or faces insurmountable safety regulations.

What are the pros and cons of Oklo Inc.?

3bull points
6bear points

A balance check, not a score or verdict.

The bull case3
  • Focuses on the high-growth sector of clean, reliable energy.
  • Addresses the massive power needs of modern data centres.
  • Innovative approach to modular nuclear technology.
The catch3
  • No current revenue or profit generation.
  • High reliance on future regulatory approvals.
  • Significant cash requirements to reach commercialisation.
Key risks3
  • Strict and lengthy nuclear safety regulations.
  • Potential for long delays in construction and deployment.
  • High sensitivity to market sentiment due to the speculative nature of the business.
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

  • A permanent rejection of their reactor design by regulators.
  • A sudden shift in energy policy that makes nuclear power unviable.

Common questions about Oklo Inc.

Does Oklo Inc. pay a dividend?

No - Oklo Inc. does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.

When does Oklo Inc. report earnings next?

Oklo Inc. is next scheduled to report results on about 2026-11-10. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.

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Confidence: low · data: USD · flags: pe, revenue_growth, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Prices as of 11 Sep 2026; other figures as of 11 Aug 2026. Prices may be delayed and numbers can go stale - always double-check before acting.