Quarterly ResultMay 12, 2026, 04:14 PM
Oklo Q1 Net Loss $33.07M; Raises $1.18B via ATM Offering
AI Summary
Oklo Inc. reported a net loss of $33.07 million for Q1 2026, an increase from $9.81 million in Q1 2025, driven by higher operating expenses including R&D and G&A. The company significantly bolstered its liquidity by completing a $1.18 billion at-the-market (ATM) offering, resulting in cash, cash equivalents, and marketable debt securities totaling $2.54 billion as of March 31, 2026. Oklo also entered into a ground lease for land in Caldwell County, Texas, for future powerhouse development.
Key Highlights
- Completed $1.5B ATM offering, raising $1.18B net proceeds in Q1 2026.
- Q1 2026 net loss increased to $33.07 million from $9.81 million in Q1 2025.
- Loss from operations rose to $51.25 million in Q1 2026 from $17.87 million in Q1 2025.
- Cash, cash equivalents, and marketable debt securities totaled $2.54 billion as of March 31, 2026.
- Research and development expenses increased to $27.05 million from $7.85 million YoY.
- General and administrative expenses increased to $24.20 million from $10.03 million YoY.
- Net cash used in operating activities was $17.87 million in Q1 2026.
- Entered into a ground lease for land in Caldwell County, Texas, in March 2026.