Quarterly ResultAug 7, 2026, 07:26 AM
Oklo Q2 Net Loss $(48.5M); Cash & Securities $3.01B; Acquires 2 Firms
AI Summary
Oklo Inc. reported a net loss of $(48.5) million for the second quarter of 2026, an increase from $(24.7) million in the prior year. Revenue for the quarter was $1.21 million, up from zero. The company significantly strengthened its financial position, with cash, cash equivalents, and marketable debt securities totaling $3.01 billion as of June 30, 2026, largely due to $1.85 billion in proceeds from common stock sales. Oklo also completed two strategic acquisitions in June 2026, ARMEC, LLC and Creative Engineers, Inc., for an aggregate consideration of $33.38 million, enhancing its manufacturing and engineering capabilities.
Key Highlights
- Net loss for Q2 2026 was $(48.5) million, compared to $(24.7) million in Q2 2025.
- Revenue for Q2 2026 was $1.21 million, up from $0 in the prior year period.
- Cash, cash equivalents, and marketable debt securities totaled $3.01 billion as of June 30, 2026.
- Total assets increased to $3.36 billion as of June 30, 2026, from $1.53 billion at Dec 31, 2025.
- Proceeds from the sale of common stock amounted to $1.85 billion for the six months ended June 30, 2026.
- Acquired ARMEC, LLC and Creative Engineers, Inc. in June 2026 for $33.38 million aggregate consideration.
- Net cash used in operating activities was $(65.5) million for the six months ended June 30, 2026.
Price Impact
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