Oklo Inc. Reports $9.8 Million Net Loss in Q1 2025, Highlights Operational Expansion

Oklo Inc. reported its financial results for the first quarter of 2025, revealing a net loss of $9.8 million, a significant improvement compared to a net loss of $24.0 million in the same period of 2024. The company's total operating expenses surged to $17.9 million, up 142.5% from $7.4 million year-over-year, primarily driven by increased research and development (R&D) and general administrative costs. R&D expenses rose by 114.4% to $7.8 million, reflecting a 61.4% increase in personnel headcount and higher salaries. General and administrative expenses also saw a substantial increase of 170.3%, totaling $10.0 million, attributed to a rise in personnel costs and professional services.

In terms of cash flow, Oklo reported a net cash outflow of $12.2 million from operating activities for the quarter, compared to $7.3 million in the prior year. The company ended the quarter with $90.1 million in cash and cash equivalents, down from $97.1 million at the end of 2024. The decrease in cash was influenced by higher operational costs and investments in marketable debt securities, which totaled $29.9 million during the quarter. Despite these losses, Oklo's total assets increased to $302.1 million, up from $281.7 million at the end of 2024, largely due to the acquisition of Atomic Alchemy, Inc. for $28.4 million, which included both cash and stock considerations.

Strategically, Oklo has made significant strides in its operational capabilities, including the acquisition of Atomic Alchemy, which enhances its expertise in radioisotope production. This acquisition is expected to meet the growing demand for radioisotopes across various sectors, including medical and defense applications. Additionally, Oklo has secured a site use permit from the U.S. Department of Energy for its Aurora powerhouse project in Idaho, marking a critical milestone in its plans to deploy advanced fission power plants. The company has also entered into agreements for additional Aurora powerhouses in Ohio and has been selected to provide energy to Eielson Air Force Base.

As of March 31, 2025, Oklo's accumulated deficit stood at $144.9 million, reflecting its ongoing investment in R&D and operational expansion. The company anticipates that its existing cash reserves will be sufficient to fund operations for at least the next year. Looking ahead, Oklo aims to continue progressing its regulatory approvals and site preparations for its powerhouses, with the first commercial deployment targeted for late 2027 or early 2028. The company remains focused on leveraging its advanced nuclear technology and expanding its market presence, particularly in the growing demand for clean energy solutions.