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Pre-revenue developer of small nuclear microreactors ('Aurora') aimed at powering data centers and remote sites.
Pre-revenue developer of small nuclear microreactors ('Aurora') aimed at powering data centers and remote sites.
Plans to own and operate its reactors and sell electricity under long-term contracts instead of selling the reactors, so it would be paid per unit of power once running. It went public through a 2024 merger with a blank-cheque company that Sam Altman had backed.
Moat: narrow (IP / patents, regulatory licence, first-mover). Nuclear regulatory approval is a high barrier to entry, but Oklo has yet to commercially operate a reactor.
Headquarters: Santa Clara, California, US · Founded: 2013 · Employees: 205
Size OKLO (OKLO) is a United States Utilities company (Industrial Machinery) with a market value of $4.38B, the 1287th largest of 3,117 United States companies the cockpit tracks. Shares closed at $23.55 on 6 Nov 2026.
Performance Over six months the shares fell 67.5%, against -1.8% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth The operating margin is -17,969.8% (peer median 20.9%).
Valuation It trades at 1.33× book value against a peer median of 1.68× (6th cheapest of 20).
Price implies The share price implies a return on equity of about 14.3%; OKLO delivers -7.7%, so the price asks more than the business earns today.
Short interest Short interest is 19.3% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.21M | $0 | $0 | $0 | $0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -$284,000 | -$522,000 | -$268,000 | -$75,000 | $0 |
| EBITDA | -$217M | -$139M | -$52.5M | -$18.6M | -$1.81M |
| Net income | -$153M | -$106M | -$73.6M | -$32.2M | $3.93M |
| Free cash flow | -$276M | -$115M | -$38.7M | -$16.1M | -$954,690 |
| Capital expenditure | $159M | $33.2M | $352,000 | $83,000 | $0 |
| Total debt | $4.15M | $1.45M | $1.28M | $250,000 | $0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| OKLO OKLO | $4.38B | -68% | n/a | -8% | 1.33× | 14.3% |
| NuScale Power SMR | $2.18B | -60% | -81% | -30% | 1.01× | 17.2% |
| X-Energy XE | $4.24B | -65% | -9% | -60% | 2.34× | 42.4% |
| Nano Nuclear Energy NNE | $597M | -60% | n/a | -8% | 0.97× | 19.3% |
| BWX Technologies BWXT | $11.0B | -42% | +18% | 28% | 7.72× | 46.3% |
| Terrestrial Energy IMSR | $301M | -62% | -100% | -19% | 1.07× | 18.8% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | OKLO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.9% | +7.3% | lowest of 21 |
| 6-month return | -67.5% | -1.8% | lowest of 21 |
| Return on equity | -7.7% | 8.2% | 2nd lowest of 21 |
| Price / book | 1.33× | 1.68× | 6th cheapest of 20 |
| ROE the price implies | 14.3% | 10.0% | 4th most demanding of 20 |
| ROE delivered | -7.7% | 8.7% | lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| OKLO OKLO | United States | $4.38B | -68% | n/a | -8% | 1.33× | 14.3% | -7.7% |
| Excelerate Energy EE | United States | $4.17B | +9% | +49% | 7% | 1.68× | 16.4% | 7.0% |
| Brookfield Renewable BEPC | United States | $4.79B | -13% | +6% | -477% | n/a | n/a | n/a |
| MDU Resources MDU | United States | $3.92B | -17% | -30% | 7% | 1.34× | 10.3% | 6.9% |
| Transportadora de Gas del Sur SA Sponsored ADR Class B RegS TGS | United States | $3.80B | -27% | +11% | 16% | 1.21× | 8.7% | 16.4% |
| Pampa Energia SA Sponsored ADR PAM | United States | $3.78B | -19% | +29% | 15% | 0.85× | 8.6% | 15.3% |
| ONE Gas OGS | United States | $5.09B | -5% | -2% | 9% | 1.44× | 10.0% | 8.7% |
| NorthWestern Energy NWE | United States | $5.09B | +14% | +11% | 6% | 1.76× | 9.0% | 5.9% |
| Spire SR | United States | $5.25B | +4% | +4% | 6% | 1.47× | 9.5% | 6.5% |
| American States Water AWR | United States | $3.57B | +17% | +13% | 14% | 3.18× | 17.3% | 13.6% |
| Portland General Electric POR | United States | $5.47B | -5% | +3% | 7% | 1.26× | 8.5% | 6.6% |
| New Jersey Resources NJR | United States | $5.51B | -2% | +7% | 14% | 2.08× | 11.7% | 14.5% |
| Ormat Technologies ORA | United States | $5.65B | -24% | +31% | 5% | 2.18× | 16.7% | 5.0% |
| Chesapeake Utilities CPK | United States | $3.38B | +11% | +15% | 9% | 2.01× | 13.0% | 9.5% |
| Avista AVA | United States | $3.37B | -1% | -1% | 9% | 1.19× | 7.0% | 9.0% |
| Otter Tail OTTR | United States | $3.29B | -11% | +1% | 9% | 1.77× | 9.9% | 9.4% |
| California Water Service CWT | United States | $3.21B | +17% | +7% | 8% | 1.69× | 10.0% | 7.6% |
| Enel Chile SA Sponsored ADR ENIC | United States | $6.06B | -6% | +16% | 11% | 1.12× | 11.1% | 11.0% |
| H2O America HTO | United States | $3.04B | +9% | +4% | 6% | 1.38× | 7.9% | 5.6% |
| MGE Energy MGEE | United States | $3.03B | +9% | +8% | 12% | 2.05× | 13.8% | 11.6% |
| TXNM Energy TXNM | United States | $6.41B | -1% | +10% | 6% | 1.76× | 8.9% | 6.5% |