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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Ryan Pfingst | B. Riley Securities | 10 (0%) |
| Craig Shere | Tuohy Brothers | 9 (0%) |
| Jeff Campbell | Seaport Research Partners | 9 (0%) |
| Sherif Elmaghrabi | BTIG | 7 (0%) |
| Eric Stine | Craig-Hallum | 7 (0%) |
| Vikram Bagri | Citigroup | 6 (17%) |
| Jon Dorsheimer | William Blair | 6 (0%) |
| Derek Soderberg | Cantor Fitzgerald | 5 (0%) |
| Sameer Joshi | H.C. Wainwright | 4 (0%) |
| Brian Lee | Goldman Sachs | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| B. Riley Securities | 1 | 10 (0%) |
| Tuohy Brothers | 1 | 9 (0%) |
| Seaport Research Partners | 1 | 9 (0%) |
| Craig-Hallum |
| 1 |
| 7 (0%) |
| BTIG | 1 | 7 (0%) |
| William Blair | 1 | 6 (0%) |
| Citigroup | 1 | 6 (17%) |
| Goldman Sachs | 2 | 6 (0%) |
Oklo remains a pre-revenue, development-stage nuclear company and reported a first-quarter net loss of $33.1 million, including a $51.2 million loss from operations, a wider loss year-over-year as it scales investment across power, fuel and isotopes. The company ended the quarter with $2.5 billion of cash and marketable securities after raising an additional $1.2 billion through a completed ATM program, funding $359 million of investing cash use and $32.8 million of capital spend. Management reiterated 2026 guidance for $80 million to $100 million of operating cash use and $350 million to $450 million of PP&E investing cash use, both spend metrics rather than growth guidance. Operationally, the quarter emphasized execution: the Groves test reactor was built in 229 days and targets criticality by July 4, a first commercial isotope contract is pending with early revenue expected in 2026, and management pointed to regulatory momentum in the NRC's proposed Part 57 and government surplus plutonium as a bridge fuel. The thesis is deployment progress and a fortified balance sheet, but Oklo is still ahead of any commercial power revenue.
Regulation Policy | Supply Chain | Demand | Innovation & R&D | Capex Investment | Capital Allocation | Product Launch | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 2 | 3 | 2 | 1 | 2 | 1 | |
| 2025Q1 | 5 | 2 | 3 | 1 | 1 | |||
| 2025Q2 | 4 | 4 | 3 | 3 | 2 | |||
| 2025Q3 | 3 | 4 | 3 | 3 | 1 | 1 | 1 | |
| 2025Q4 | 2 | 1 | 3 | 3 | 3 | 2 | 1 | |
| 2026Q1 | 2 | 2 | 3 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Regulation Policy | 3 | 5 | 4 | 3 | 2 | 2 |
| Supply Chain | 2 | 2 | 4 | 4 | 1 | 2 |
| Demand | 3 | 3 | 3 | 3 | ||
| Innovation & R&D | 3 | 3 | 3 | 3 | ||
| Capex Investment | 2 | 3 | 1 | 3 | 1 | |
| Capital Allocation | 1 | 1 | 1 | 2 | 1 | |
| Product Launch | 2 | 1 | 1 | 1 | ||
| Cost Pressure | 1 | 2 | 1 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $0 | — | $3.47 | +1752.4% | — | — | $-14M |
| FY2025 Q1 | $0 | — | $-0.07 | +79.1% | — | — | $-13M |
| FY2025 Q2 | $0 | — | $-0.18 | +33.3% | — | — |
| $-19M |
| FY2025 Q3 | $0 | — | $-0.20 | -145.4% | — | — | $-23M |
| FY2025 Q4 | $0 | — | $-0.28 | -108.1% | — | — | $-60M |
| FY2026 Q1 | $0 | — | $-0.19 | -167.6% | — | — | $-51M |
| FY2026 Q2 | $1M | — | $-0.28 | -55.6% | -6048.8% | -4011.2% | $-142M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What OKLO and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Remember the partnership we have with [ Caterpillar ], with Oklo.”
Vertiv cited its partnership with Oklo as part of its 'bring your own power' data center strategy, positioning Oklo's nuclear power in Vertiv's behind-the-meter ecosystem.
“Obviously, we have a long time partnership with Centrus.”
Oklo cites a long-standing enrichment supply partnership with Centrus (Centrus Energy) as one of its fuel-sourcing pathways for HALEU.
“announced a collaboration with NVIDIA in Los Alamos National Laboratory to support fuel validation work for plutonium bearing fuels.”
NVIDIA is collaborating with Oklo and Los Alamos National Laboratory to apply AI infrastructure to plutonium-bearing nuclear fuel validation and modeling.
“Meta and Oklo announced plans earlier this year to develop a 1.2-gigawatt advanced nuclear power campus in Ohio.”
Oklo and Meta are jointly developing a 1.2-gigawatt nuclear power campus in Ohio, a read-through that Meta is securing large-scale firm clean power for its data-center demand.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
OKLO Oklo Inc. | 5 | n/a | |
| NRG NRG Energy | 7 | +20.0% | |
| VST Vistra Corp. | 8 | +9.1% |