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Sep 30
Oklo Q3 2025 Earnings Report
Oklo reported its Q3 2025 financial results with continued operating losses and no revenue as it progressed major project developments.
Key Takeaways
Oklo remained in its pre-revenue stage during Q3 2025, with significant operational activity and a strong cash position driven by capital raises.
Reported $0 in revenue as commercial operations have not started
Net loss of $29,722,000 primarily driven by R&D and administrative expenses
Ended the quarter with $1.184 billion in cash and marketable securities
Significant progress on the Aurora-INL powerhouse and fuel supply strategy
Oklo
Oklo
Forward Guidance
Oklo expects continued progress toward commercial operations with DOE-backed projects and strategic fuel supply development.
Positive Outlook
- Selected for 3 DOE Reactor Pilot Program projects
- Groundbreaking completed for Aurora-INL powerhouse
- Strong balance sheet with over $1.18B in liquidity
- Fuel supply agreements in place including 5MT from DOE
- Progress on Tennessee fuel campus and recycling facility
Challenges Ahead
- No revenue generation during the quarter
- Continued operating and net losses
- High R&D and administrative costs
- Regulatory approvals still pending for full commercialization
- Long timelines before meaningful revenue realization