Short answer
Oklo Inc. (OKLO) filed its fiscal 2025 10-K annual report with the SEC on Mar 17, 2026.
- Top risk flagged: SEC registration statements Nos. 333-287715 and 333-291157 covering share offerings with net proceeds up to $526.1M and $294.3M in 2025
FY2025 key financial metrics · XBRL
- Net income
- −$106M
- −43.5% YoY
- EPS (diluted)
- −$0.72
- +2.7% YoY
- ROE
- -7.2%
- +22.2 pp YoY
- Operating cash flow
- −$82M
- −114.1% YoY
Source: XBRL data from the Oklo Inc. (OKLO) FY2025 10-K on SEC EDGAR. USD.
Oklo Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: development and deployment of advanced nuclear powerhouses and recycling technologies for low-carbon energy production
- New emphasis on DOE cost-share recycling projects via ARPA-E and Technology Commercialization Fund with partial expense reimbursements
- Strategic scale-up with workforce growth: R&D headcount up ~68 and G&A up ~53 employees YoY to support facility and radioisotope expansions
- Operating expenses surged: R&D +120.3% to $58.9M, G&A +208.3% to $80.4M driven by compensation and professional services increases
- Liquidity boost: cash, equivalents, marketable securities rose to $1.41B fueled by $1.26B financing proceeds, supporting aggressive capital investments
Management Discussion & Analysis
- No profitability or margin data included in excerpt
- No information on cash flow, buybacks, dividends, or capex disclosed
- Forward-looking statements mentioned; caution on assumptions and projections
Risk Factors
- SEC registration statements Nos. 333-287715 and 333-291157 covering share offerings with net proceeds up to $526.1M and $294.3M in 2025
- Market debut on NYSE May 10, 2024 with only ~35 record holders as of March 13, 2026 indicating low retail shareholder base
- ATM programs sold 3.4M shares at $88.29 average in Dec 2025, exposing market price to volatility during fundraising
- Stock repurchase via limited tax withholding of 463 shares at $111.63 average in Nov 2025, no formal buyback plan disclosed
- Dividend policy: no cash dividends, earnings retained for growth, risking shareholder returns expectations
Generated from the filing text; verify against the original. How to read a 10-K
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