OKLOHIGH SIGNALFINANCIAL10-K

OKLO experienced massive capital raising and deployment with cash increasing 712% to $788M while dramatically scaling R&D spending and capital expenditures, though operating losses more than doubled.

This represents a major inflection point where OKLO has secured substantial funding (likely from going public or major financing round) and is aggressively investing in its nuclear technology development. The company is clearly in high-growth investment mode, prioritizing R&D and infrastructure development over near-term profitability, which is typical for early-stage nuclear technology companies.

Comparing 2026-03-17 vs 2025-03-24View on EDGAR →
FINANCIAL ANALYSIS

OKLO underwent a dramatic financial transformation with cash and equivalents surging 712% to $788M and total assets growing 443% to $1.5B, indicating a major capital raise. However, the company is rapidly deploying this capital with R&D expenses more than doubling to $59M, capital expenditures exploding from $352K to $33M, and operating losses widening 164% to -$139M. This financial profile signals an early-stage technology company that has secured significant funding and is now in aggressive investment and development phase, prioritizing growth over profitability.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
+9333.2%
$352K$33.2M

Capital expenditure jumped 9333.2% — major investment cycle underway; assess returns on deployment.

Cash & Equivalents
Balance Sheet
+711.7%
$97.1M$788.4M

Cash position surged 711.7% — strong cash generation or capital raise providing significant financial cushion.

Stockholders Equity
Balance Sheet
+488.5%
$250.9M$1.5B

Equity base grew 488.5% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Total Assets
Balance Sheet
+442.5%
$281.7M$1.5B

Asset base grew 442.5% — expansion through organic growth, acquisitions, or capital deployment.

Current Assets
Balance Sheet
+440.6%
$231.9M$1.3B

Current assets grew 440.6% — improving short-term liquidity or inventory/receivables build.

Current Liabilities
Balance Sheet
+378.7%
$5.3M$25.5M

Current liabilities surged 378.7% — significant near-term obligations; verify ability to meet short-term debt.

Operating Income
P&L
-163.8%
-$52.8M-$139.3M

Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.

R&D Expense
P&L
+120.3%
$26.7M$58.9M

R&D investment increased 120.3% — signals commitment to future product development, though near-term margin impact.

Operating Cash Flow
Cash Flow
-114.1%
-$38.4M-$82.2M

Operating cash flow fell 114.1% — earnings quality concerns; investigate working capital changes and non-cash items.

Total Liabilities
Balance Sheet
+69.2%
$30.9M$52.2M

Liabilities grew 69.2% — significant increase in debt or obligations, assess impact on financial flexibility.

LANGUAGE CHANGES
NEW — 2026-03-17
PRIOR — 2025-03-24
ADDED
Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the Registrant as of such date have been excluded because such persons may be deemed to be affiliates.
This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes.
Management's Discussion and Analysis of Financial Condition and Results of Operations 50 Item 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 54 Item 9A.
Principal Accountant Fees and Services 57 SIGNATURES PART IV.
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REMOVED
Management's Discussion and Analysis of Financial Condition and Results of Operations 42 Item 7 A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 47 Item 9 A .
These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.
The discussion in this Annual Report should be read in conjunction with the consolidated financial statements and notes thereto included in Item 1 of this Annual Report.
We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
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