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Oklo Inc (OKLO)

Undervalued
UtilitiesUtilities - Independent Power ProducersUnited States

Fundamental

29

Price

$37.02

Market Cap

$6.90B

Part 1 · What the company is worth

Overview

Oklo Inc. develops fission power plants to provide energy at scale to customers in the United States. The company offers Aurora Powerhouse, which is designed to produce between 15 and up to 75 megawatts of electricity. It is also commercializing nuclear fuel recycling and fuel fabrication technology that can convert used nuclear fuel into usable fuel for its reactors. The company was formerly known as AltC Acquisition Corp. and changed its name to Oklo Inc. in May 2024. Oklo Inc. was founded in 2013 and is headquartered in Santa Clara, California.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users

P/E: —Score: 34Market cap: $332M

NuScale is the other listed US small modular reactor developer and the only one with an NRC-approved design, competing for the same utility and data-centre contracts Oklo is bidding for.

X-Energy, Inc.XE

X-Energy's Xe-100 small modular reactor and its TRISO-X fuel line chase the same US customers Oklo targets — hyperscale data centres and industrial sites buying firm, carbon-free power over the next decade.

TerraPower, LLCNot tracked

TerraPower's Natrium plant uses the same sodium-cooled fast-reactor family as Oklo's Aurora and is sold to the same US buyers of round-the-clock clean baseload power.

Kairos Power, LLCNot tracked

Kairos Power builds fluoride-salt-cooled reactors and sells the output under long-term power purchase agreements to technology customers — the same build-own-operate, sell-the-electricity model Oklo uses.

Westinghouse Electric Company LLCNot tracked

Westinghouse's eVinci microreactor addresses the same 5-to-75 megawatt niche as Oklo's Aurora — remote sites, defence bases and industrial users needing on-site power without a grid connection.

Balance Sheet & Liquidity

Revenue

-

Fiscal year ended 12/31/2025

Net Income

$-106M

Fiscal year ended 12/31/2025

Free Cash Flow

$-115M

Total Equity

$1.48B

Total Liabilities

$52M

Current Ratio

48.46

Interest Coverage

-

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

No income data available

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Pre-revenueUndervalued

Fair Value

$76.43

Current Price

$37.02

Margin of Safety

+51.6%

Fair Value Range

$72.60 - $80.25

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$76.43
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):Not applicable to this type of company
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:Not applicable to this type of company
Dividend discount (Gordon):Not applicable to this type of company
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not enough data to compute it
Analyst Consensus:Buy (20B / 10H / 1S)
Last Earnings Surprise:-71.25%

Valuation Metrics

P/E Ratio

-

ROE

-7.2%

P/B Ratio

2.10

P/FCF

-

Gross Margin

-

ROIC

-5.2%

Profitability Radar

Value Creation (Economic Moat)

ROIC

-5.2%

WACC

11.5%

ROIC − WACC

-16.7 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (6)

  • Price CAGR 29.75%
  • P/B Ratio 2.10
  • Debt/Equity ratio
  • Current Ratio
  • Low reliance on intangibles
  • Analyst Consensus 65% Buy

Failed (9)

  • EPS shows upward trend
  • ROIC -5.2%
  • Positive Free Cash Flow
  • Return on Tangible Assets
  • DCF valuation (Unknown)
  • ROE -7.1%
  • Earnings Surprise avg -43.4%
  • Share Dilution 47.5%
  • Piotroski F-Score 4/9

Unavailable (12)

  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • Revenue Growth 5Y (Finnhub)
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)
  • Net Margin Trend (invalid data)

Piotroski F-Score

4/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

47.5%

Issuing new shares, diluting ownership

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Jacob DewitteCo-Founder, CEO & Chairman39
Dr. Caroline DeWitteCo-Founder, COO & Director41
Mr. Richard Craig BealmearChief Financial Officer58
Mr. Michael DixonVP of Accounting & Controller and Principal Accounting Officer41
Sam DoaneSenior Director of Investor Relations-
Mr. William Goodwin J.D.Chief Legal & Strategy Officer40
Bonita ChesterHead of Communications & Media-
Ms. Alexandra RennerChief Product Officer-
Mr. Erik LassenSenior Vice President of Engineering47
Mr. John HansonChief of Staff38

Audit Risk

9

Board Risk

9

Compensation Risk

8

Shareholder Rights Risk

8

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-03-17

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-08-07

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-09-11

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for OKLO, sourced from Markets Gazette.

  • 20d agoNEGATIVE
    Conviene comprare il ribasso di OKLO oggi?

    Oklo Inc. is experiencing significant downward pressure on its stock price following the announcement of a substantial at-the-market (ATM) equity offering. The nuclear technology company has entered into an agreement allowing it to issue and sell up to $1 billion in common stock through a syndicate of ten major financial institutions. This move, detailed in a September 11th filing, comes as Oklo's stock is already trading at approximately half its year-to-date price. The dilutive nature of such a large offering typically weighs on existing shareholders, signaling potential future dilution and impacting the stock's valuation.

  • 8/26/2026NEGATIVE
    Analisi azioni Oklo: comprare o vendere mentre gli insider continuano a vendere?

    Oklo Inc. shares saw a pre-market surge of nearly 4%, following a 12% gain in the prior session, as investors revisited small modular reactor (SMR) stocks. Despite this rebound, Oklo faces substantial risks, evidenced by a high percentage of short positions and ongoing insider selling. Major insiders continue to divest shares, and the stock remains significantly below its all-time high of $194.26. This sustained selling pressure suggests underlying concerns about the company's valuation and future prospects, making the recent price action appear more like a short-term bounce rather than a sustainable uptrend.

  • 8/19/2026NEGATIVE
    Azioni Oklo hanno perso un supporto cruciale: continuerà il mercato ribassista?

    Oklo Inc. shares have experienced a significant downturn, plummeting nearly 80% from their previous year's high to $41.36. The market capitalization has shrunk from over $24 billion to $7.6 billion, reflecting deep investor concerns surrounding the small modular reactor (SMR) industry. This sharp decline is exacerbated by persistent sector-wide fears and increasing short interest. Oklo, a company backed by Sam Altman and a key player in the SMR space, faces ongoing scrutiny over its business model, which spans power, fuel, and isotopes, potentially prolonging the bearish trend for its stock.

  • 5/26/2026POSITIVE
    Altman-Backed Nuclear Firm Oklo Rises on US Reactor Fuel Program

    Oklo Inc. shares experienced a significant surge following the announcement of potential participation in a US Department of Energy program focused on supplying nuclear fuel. This initiative aims to address and alleviate potential supply chain constraints that could impede the broader deployment of fission power technologies. The news suggests a strong endorsement and potential future revenue stream for Oklo, a company backed by prominent investor Sam Altman, bolstering investor confidence in its reactor technology and future growth prospects.

  • 5/20/2026POSITIVE
    Why Is Oklo Stock Surging On Wednesday?

    Oklo Inc. shares experienced a significant surge on Wednesday, driven by strong investor sentiment following its recent earnings report. Despite a post-earnings dip, the stock rebounded as analysts from Wedbush and Cantor Fitzgerald reiterated their bullish outlooks. This sustained positive analyst coverage suggests confidence in Oklo's future performance and strategic direction, signaling potential upside for investors. The company's ability to attract and maintain analyst support post-earnings is a key indicator of its underlying financial health and growth prospects.

  • 5/18/2026NEGATIVE
    Oklo Shares Are Sliding: Critical Levels To Watch

    Oklo Inc. (NYSE:OKLO) experienced a significant share price decline in Monday's trading session. This downturn follows the company's recent quarterly update, which appears to have been met with investor apprehension. While specific details of the quarterly report are not provided, the market's reaction suggests that the results or forward guidance may have fallen short of expectations, leading traders to reassess the company's valuation and future prospects. Investors are now closely monitoring key technical levels for potential support or further downside.

  • 5/17/2026NEGATIVE
    Oklo, Rocket Companies, And Carvana Are Among Top 10 Large-Cap Losers Last Week (May 11-May 15): Are The Others In Your Portfolio?

    Oklo Inc. was among the top large-cap decliners last week, experiencing significant losses alongside Rocket Companies and Carvana. The broader market downturn was attributed to a confluence of factors including earnings volatility, rising yields, a decline in Bitcoin prices, and heightened geopolitical concerns. These macroeconomic headwinds collectively pressured investor sentiment, leading to broad-based selling across various sectors, including housing, nuclear, crypto, and commodity-linked stocks. Investors are advised to monitor these macroeconomic indicators closely as they continue to shape market performance.

  • 5/12/2026NEUTRAL
    Oklo Q1 2026 Earnings Call: Complete Transcript

    Oklo Inc. held its Q1 2026 earnings call on May 12, 2026. The transcript of the call has been made available, providing stakeholders with detailed insights into the company's financial performance, operational updates, and strategic outlook for the upcoming quarters. While specific financial figures and forward-looking statements are contained within the transcript, the announcement itself is informational. Investors are encouraged to review the full transcript for a comprehensive understanding of Oklo's current standing and future trajectory.

  • 5/12/2026NEGATIVE
    Oklo Reports Q1 Earnings, Shares Slide

    Oklo Inc. (NYSE:OKLO) released its first-quarter financial results after market close on Tuesday. While specific figures were not detailed in the initial report, the market reaction indicates a negative sentiment, leading to a slide in the company's shares. Investors will be scrutinizing the earnings call for further details on revenue, expenses, and future outlook. The decline suggests that the reported results or forward guidance may have fallen short of market expectations, potentially impacting future growth prospects and investor confidence.

via Markets Gazette