Oklo Inc.

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.

Oklo Inc. announced the appointment of five executive officers, effective July 27, 2026. Alexandra Renner was named Chief Product Officer, John Hanson as Chief of Staff, and Vivek Narayanadas as General Counsel and Corporate Secretary. Erik Lassen was appointed Senior Vice President of Engineering, and Michael Dixon was named Vice President of Accounting and Controller, also serving as Principal Accounting Officer. All appointees bring extensive experience from their previous roles within the company or other organizations.

Oklo Inc. filed its Q1 2026 10-Q report, revealing a net loss of $33.065 million, a significant increase from $9.810 million in the prior year's quarter, driven by higher operating expenses. The company's cash position saw a substantial increase to $1.594 billion due to a $1.182 billion at-the-market equity offering. Total assets also grew considerably to $2.704 billion. Despite the increased net loss, the company's liquidity has been significantly bolstered by the recent equity financing.

Oklo Inc. has entered into a new equity distribution agreement to establish an "at the market" equity offering program. This program allows the company to offer and sell up to $1,000,000,000 of its Class A common stock through various sales agents. Concurrently, Oklo Inc. delivered notice to terminate its previous equity distribution agreement from December 4, 2025.

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.

Oklo Inc. announced significant changes to its leadership structure, expanding its Board of Directors from seven to eleven members. The company appointed four new independent directors: David Christian, Derek Kan, David Park, and Dr. Mark Peters, enhancing governance and expertise. Additionally, Michael Thompson was named the Lead Independent Director, and Chief Technology Officer Patrick J. Schweiger transitioned to a non-executive role as a senior technical advisor.