Oklo Inc. (OKLO) is developing an advanced nuclear platform that includes Aurora powerhouses, fuel fabrication, and recycling capabilities. The company is currently pre-revenue, with significant investments required for regulatory compliance, construction, and fuel execution. As of the second quarter of 2026, OKLO reported a revenue of $1.2 million, primarily from engineering services, and a net loss of $48.5 million.
OKLO’s operating cash use is projected to range between $120-$150 million for 2026, a substantial increase from the previous estimate of $80-$100 million. The company also raised its spending on property, plant, and equipment to $400-$500 million, emphasizing the need for effective spending discipline as future cash outflows could impact project timelines. OKLO ended the quarter with $3 billion in cash and marketable securities.
In collaboration with Centrus Energy Corp. (LEU), OKLO is set to secure high-assay low-enriched uranium for up to five Aurora powerhouses starting in 2029. Additionally, Meta Platforms, Inc. (META) is involved in OKLO’s planned 1.2-GW clean-energy campus in Ohio, aimed at improving energy supply for its AI operations. The campus is targeted for completion by 2028, pending successful coordination across fuel supply, construction, and interconnection efforts.
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