Oklo Inc. Class A common stock (OKLO)

FairStock Score: 21/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with proven earning power and a margin of safety. Oklo offers neither today. It develops fission power plants—Aurora Powerhouse, 15 to up to 75 megawatts—and fuel recycling, but in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was just $1.2M and net income was -$48.5M. The net margin was -4011.24%. In fiscal Q1 2026, net income was -$33.1M; fiscal Q3 2025, -$29.7M; fiscal Q2 2025, -$24.7M. The annual losses are widening: fiscal 2023 -$32.2M, fiscal 2024 -$73.6M, fiscal 2025 -$105.7M. Trailing free cash flow is -$275.8M, a FCF yield of -4.7%. That is a lot of cash going out the door. The balance sheet has no debt—D/E is 0.00—and FairStock's Altman Z-score is 42.74, but Piotroski is only 1/9, so the accounting signals are weak. At the 2026-10-13 close of $31.78, FairStock calculates a negative P/E of -33.81 and P/B of 1.80. With a $5.9B market cap and revenue still near zero, the price is not supported by current numbers. The FairStock score is 21/100. The nuclear opportunity could be large if Oklo commercializes and scales, but that is a promise, not a proven moat. I would need to see meaningful revenue, narrowing losses, and positive cash generation before calling this a bargain.

In plain English: Oklo is a nuclear power company trying to build small fission plants and recycle used nuclear fuel. It has almost no revenue and is losing large amounts of money each quarter. The stock has fallen a lot from its high, but compared with the tiny business today, the price still looks expensive.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer