OKLO Utilities

Oklo Inc.

$23.49-0.13%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Utilities
Industry: Utilities - Independent Power Producers
Country: United States
Market cap: 4.4B USD
Enterprise value: 3.6B USD
Full-time employees: 215

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 1.20 vs a peer median of 0.46)bigger price swings (beta 1.20 vs peers 0.46)
Not enough data: growth

Would rank #301 of 348 fully scored utilities companies (bottom 14%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 50% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Oklo looks cheaper than 50% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Oklo reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Little borrowing. Debt is 0.00× equity vs a peer median of 1.2×.Debt is 0.00× equity vs peers 1.2×.
Oklo has among the least debt in its peer group relative to shareholders' equity.
More volatile share price. Beta 1.20: tends to move more than the market.
Oklo's shares have swung more with the market than most peers' (beta 1.20, above the market's 1.0).

StockQuotient Score

31/ 100

Oct 5 32 → Nov 4 31 (-1)

Valuation

Is the price right?

3/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 6.9% (existing holders diluted)

Valuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-3.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.52Sector median: 0.0485 · MAD: 0.0319

EBITDA yield-8.8%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -2.68Sector median: 0.0859 · MAD: 0.0250

Free cash flow yield-6.3%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score 0.00Sector median: 0.0000 · MAD: 0.0000

Other data (not scored)

Book yield74.9%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.6310 · MAD: 0.2684

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

0/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating marginUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.1864 · MAD: 0.0865

Return on assets-4.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -2.93Sector median: 0.0266 · MAD: 0.0124

Return on invested capital-10.5%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.57Sector median: 0.0524 · MAD: 0.0237

Other data (not scored)

Gross margin40.4%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3581 · MAD: 0.1545

Return on equity-4.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0807 · MAD: 0.0381

Risk

Debt, liquidity, price swings

Lower

Lower relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ Current ratio
▲ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.20

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.60Sector median: 0.4590 · MAD: 0.1730

Current ratio48.46×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 7.68Sector median: 1.0330 · MAD: 0.3620

Debt / equity<0.01×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 2.20Sector median: 1.1925 · MAD: 0.5265

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Oklo

Is Oklo getting weaker?: Its latest SEC filing (Aug 7, 2026) got weaker in some ways: share count up 6.9%. Its overall score is unchanged at 31/100 since Oct 28, 2026.
How is Oklo valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 3/100 against 360 utilities peers. Earnings yield -3.5% vs a peer median of 4.8% (weaker than 100% of peers).Earnings yield -3.5% vs peers 4.8% (weaker than 100% of peers).
Is Oklo growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Oklo?: Less profitable than most of its peers. Profitability scores 0/100 against 360 utilities peers. Return on assets -4.5% vs a peer median of 2.7% (weaker than 100% of peers).Return on assets -4.5% vs peers 2.7% (weaker than 100% of peers).
How risky is Oklo?: Lower risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Current ratio 48.46× vs a peer median of 1.03× (stronger than 95% of peers).Current ratio 48.46× vs peers 1.03× (stronger than 95% of peers). Beta 1.20 vs a peer median of 0.46 (weaker than 100% of peers).Beta 1.20 vs peers 0.46 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Share count up 6.9% (existing holders diluted)

Worth watching: Oklo is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Net income (12 months)	−128.9M USD	−152.8M USD	+18.5%
Free cash flow (12 months)	−153.5M USD	−275.8M USD	+79.7%
Cash	1.6B USD	1.6B USD	+3.2%
Shares outstanding	174.0M	186.0M	+6.9%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Utilities · 59 companies

Valuations in Utilities are above their usual range since 2016.

61% of months since 2016 were valued lower than now.
20% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +18% and earnings +20% (medians): prices and earnings moved broadly together.
Median price-to-sales is +2% vs the whole market, against a usual +0%.

2016Shaded: most expensive fifth of its range2026

Shown for Utilities: too few Utilities - Independent Power Producers companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	0.8%	-216.1%	-26.1%	-6.9%	▲ 19 pts
Return on equity (ROE)	—	—	-29.3%	-7.2%	▲ 22 pts
Current ratio	2.70×	4.43×	43.47×	49.08×	▲ 13%

OKLO price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 1.20 vs a peer median of 0.46)bigger price swings (beta 1.20 vs peers 0.46)

Not enough data: growth

Would rank #301 of 348 fully scored utilities companies (bottom 14%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 50% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Oklo looks cheaper than 50% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Oklo reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Little borrowing. Debt is 0.00× equity vs a peer median of 1.2×.Debt is 0.00× equity vs peers 1.2×.

Oklo has among the least debt in its peer group relative to shareholders' equity.

More volatile share price. Beta 1.20: tends to move more than the market.

Oklo's shares have swung more with the market than most peers' (beta 1.20, above the market's 1.0).

Questions investors ask about Oklo

Is Oklo getting weaker?

Its latest SEC filing (Aug 7, 2026) got weaker in some ways: share count up 6.9%. Its overall score is unchanged at 31/100 since Oct 28, 2026.

How is Oklo valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 3/100 against 360 utilities peers. Earnings yield -3.5% vs a peer median of 4.8% (weaker than 100% of peers).Earnings yield -3.5% vs peers 4.8% (weaker than 100% of peers).

Is Oklo growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Oklo?

Less profitable than most of its peers. Profitability scores 0/100 against 360 utilities peers. Return on assets -4.5% vs a peer median of 2.7% (weaker than 100% of peers).Return on assets -4.5% vs peers 2.7% (weaker than 100% of peers).

How risky is Oklo?

Lower risk relative to 360 utilities peers, judged on debt, liquidity and share-price swings. Current ratio 48.46× vs a peer median of 1.03× (stronger than 95% of peers).Current ratio 48.46× vs peers 1.03× (stronger than 95% of peers). Beta 1.20 vs a peer median of 0.46 (weaker than 100% of peers).Beta 1.20 vs peers 0.46 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Net income (12 months)

−128.9M USD

−152.8M USD

+18.5%

Free cash flow (12 months)

−153.5M USD

−275.8M USD

+79.7%

Cash

1.6B USD

1.6B USD

+3.2%

Shares outstanding

174.0M

186.0M

+6.9%

Key ratios

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

0.8%

-216.1%

-26.1%

-6.9%

▲ 19 pts

Return on equity (ROE)

—

-29.3%

-7.2%

▲ 22 pts

Current ratio

2.70×

4.43×

43.47×

49.08×

▲ 13%