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Oklo (OKLO) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Oklo (OKLO) Q3 2026 earnings results →

Oklo made $1.9M in Q3 2026: Engineering and consulting services $1.6M, Manufacturing and fabrication services $300K. Operating margin n/m, net loss $41.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$1.9M
Year over year—
Operating marginn/m
Net earnings−$41.7M
Operating cash flow−$45.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.9M in Q3 2026, up 54% from the previous quarter. Engineering and consulting services was the largest line at 84% of revenue.

Operating costs exceeded revenue by $71.0M, an operating margin of -3816.1%. The quarter ended with a net loss of $41.7M, narrower than the previous quarter's $48.5M loss. Non-operating items added $29.4M, -71% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was −$45.5M. Non-cash charges added back $685K of depreciation and amortization and $19.2M of share-based compensation. Working capital and other items used $23.6M. Capital expenditures of $154.0M exceeded it, leaving free cash flow of −$199.5M.

Quarterly history

Oklo revenue by quarterOklo revenue by quarter$1.2MQ2 2026$1.9MQ3 2026
Oklo net earnings by quarterOklo net earnings by quarter−$48.5MQ2 2026−$41.7MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$1.9M—n/m−$41.7M−$45.5M
Q2 202610-QAug 7, 2026$1.2M—n/m−$48.5M−$47.6M

Charts

Oklo: where the cash came from (+) and went (−), TTM to Q3 2026Oklo: where the cash came from (+) and went (−), TTM to Q3 2026Shares issued$2.6BCash drawn (+) / kept (−)−$1.2BOther investing−$849MCapital spending−$308MOperating cash flow−$144MAcquisitions−$25.7MOther financing−$4.5MTaxes on employees’ shares−$127K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Oklo: profit against cash, quarter by quarterOklo: profit against cash, quarter by quarterNet incomeOperating cash flow−$12.3M−$13.5MQ4 2024−$9.8M−$12.2MQ1 2025−$24.7M−$18.5MQ2 2025−$29.7M−$18.0MQ3 2025−$41.4M−$33.4MQ4 2025−$33.1M−$17.9MQ1 2026−$48.5M−$47.6MQ2 2026−$41.7M−$45.5MQ3 2026
Latest (Q3 2026): Net income −$41.7M, Operating cash flow −$45.5M.
Oklo: diluted shares by fiscal yearOklo: diluted shares by fiscal year69MFY202399MFY2024146MFY2025
+112.4% since FY2023: more shares outstanding (issuance, stock pay).

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Oklo

We founded Oklo in 2013 with the goal of revolutionizing the energy landscape by developing clean, reliable, affordable energy solutions at scale. According to the International Energy Agency, global electricity production is expected to increase over 75% by 2050 driven by electrification of buildings, transportation, and industry; increased use of air conditioning in the developing world; and increased consumption from data centers and cloud services. Our business addresses this demand by producing electricity and heat from our Aurora powerhouses which can run on fresh, recycled, or down-blended nuclear fuel. We are also commercializing nuclear fuel recycling technology that can convert used nuclear fuel into usable fuel for our powerhouses and those of others.

In its own words, from its 10-K, filed Mar 17, 2026.

Oklo against its Electric Services peers

The largest companies of the same SEC industry, each at its latest quarter.

CompanyQuarterRevenueY/YOp. margin
OKLO OkloQ3 2026$1.9M—n/m
Southern PowerQ3 2026$8.8B+13%33.9%
NEE NextEra EnergyQ3 2026$8.1B+2%32.4%
Florida Power & LightQ2 2026$7.5B+12%29.7%
CEG Constellation EnergyQ2 2026$7.5B+23%7.7%
NRG NRG EnergyQ2 2026$7.5B+11%13.0%
AEP TexasQ3 2026$6.8B+14%26.5%
VST VistraQ3 2026$6.3B+28%26.9%
D Dominion EnergyQ3 2026$5.6B+24%32.8%

Source: Oklo 10-Q on SEC EDGAR · CIK 1849056 · Electric Services

Guidance and outlook

Oklo: what its forward-looking statements are about (10-Q filed 2026-11-06)Oklo: what its forward-looking statements are about (10-Q filed 2026-11-06)Costs18Other17Demand6Legal & regulation6Deals2AI2People2Supply chain2The economy2Products2
60 statements; tone +0.03 (−1 all cautious, +1 all confident); 14 hedged.
Oklo: outlook statements against the filing beforeOklo: outlook statements against the filing beforeConfident14Cautious12

13F: who owns OKLO and who is buying

Largest holders of OKLO (13F)Largest holders of OKLO (13F)Vanguard Group$835MMirae Asset Global ETFS Holdings$468MVan ECK Associates$414MBlackRock$383MVanguard Capital Management LLC$342MVanguard Portfolio Management LLC$336MMorgan Stanley$171MState Street$124MGeode Capital Management, LLC$124MUBS Group AG$110M
Funds' net buying of OKLO by quarter (13F)Funds' net buying of OKLO by quarter (13F)−$6.7M2024-09−$207M2024-12−$155M2025-03$1.1B2025-06$964M2025-09$660M2025-12$676M2026-03−$544M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on OKLO

History

Every quarter: Q3 2026 results · Q2 2026 results

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