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OKLO Home Investment Highlights Valuation, Metrics & Events Price Chart Why The Stock Moved Return vs. Risk About OKLO Interactive Breakdown Better Bets vs. OKLO Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Trade Sentinel Industry Resource Links External Quote Links

Oklo (OKLO)

Market Price (3/15/2026): $58.31 | Market Cap: $8.8 Bil
Sector: Utilities | Industry: Independent Power Producers & Energy Traders

Oklo (OKLO)

Market Price (3/15/2026): $58.31
Market Cap: $8.8 Bil
Sector: Utilities
Industry: Independent Power Producers & Energy Traders

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%		 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%		 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
1 Megatrend and thematic drivers
Megatrends include Datacenter Power, Energy Transition & Decarbonization, and Smart Grids & Grid Modernization. Themes include Mini Nuclear, Show more.		  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -98 Mil
2   Stock price has recently run up significantly
12M Rtn12 month market price return is 144%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.0%
4   High stock price volatility
Vol 12M is 110%
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -10%
1 Megatrend and thematic drivers
Megatrends include Datacenter Power, Energy Transition & Decarbonization, and Smart Grids & Grid Modernization. Themes include Mini Nuclear, Show more.
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
3 Very low revenue
Rev LTMTotal Revenue or Sales, Last Twelve Months is 0
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -98 Mil
5 Stock price has recently run up significantly
12M Rtn12 month market price return is 144%
6 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.0%
7 High stock price volatility
Vol 12M is 110%

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Oklo (OKLO) stock has lost about 35% since 11/30/2025 because of the following key factors:

1. Substantial Insider Selling by Executives. Oklo experienced significant insider selling, notably by CFO Richard C. Bealmear, who sold 69,841 shares for over $5.46 million on December 17, 2025. Additionally, Co-Founder and COO Caroline Cochran sold 200,000 shares for approximately $12 million to $12.8 million on March 2, 2026, and CEO Jacob DeWitte sold roughly 200,000 shares for about $12.66 million on the same date. Cumulative insider sales across key executives reportedly exceeded $100 million between December 2025 and February 2026, and over $440 million in the past six months with no corresponding insider purchases, indicating a notable lack of insider buying confidence.

2. Concerns over Share Dilution from a Large Equity Offering. In early December 2025, Oklo announced a $1.5 billion "at-the-market" equity offering, which raised concerns among investors about potential share dilution. This move to raise capital through stock sales unsettled investors, particularly given the company's pre-revenue status.

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Stock Movement Drivers

Fundamental Drivers

The -36.1% change in OKLO stock from 11/30/2025 to 3/13/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)113020253132026Change
Stock Price ($)91.3858.37-36.1%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)1501500.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/13/2026
ReturnCorrelation
OKLO-36.1% 
Market (SPY)-3.1%50.0%
Sector (XLU)3.6%1.6%

Fundamental Drivers

The -20.7% change in OKLO stock from 8/31/2025 to 3/13/2026 was primarily driven by a -6.8% change in the company's Shares Outstanding (Mil).
(LTM values as of)83120253132026Change
Stock Price ($)73.6458.37-20.7%
Change Contribution By: 
Total Revenues ($ Mil)000.0%
P/S Multiple∞∞0.0%
Shares Outstanding (Mil)140150-6.8%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/13/2026
ReturnCorrelation
OKLO-20.7% 
Market (SPY)3.0%43.5%
Sector (XLU)12.1%17.7%

Fundamental Drivers

The 74.8% change in OKLO stock from 2/28/2025 to 3/13/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)22820253132026Change
Stock Price ($)33.3958.3774.8%
Change Contribution By: 
Total Revenues ($ Mil)�00.0%
P/S Multiple�∞0.0%
Shares Outstanding (Mil)70150-53.2%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/13/2026
ReturnCorrelation
OKLO74.8% 
Market (SPY)12.4%41.6%
Sector (XLU)21.0%21.8%

Fundamental Drivers

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Market Drivers

2/28/2023 to 3/13/2026
ReturnCorrelation
OKLO477.3% 
Market (SPY)73.4%29.3%
Sector (XLU)57.3%18.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OKLO Return-1%1%6%101%238%-13%529%
Peers Return32%-3%11%206%79%3%703%
S&P 500 Return27%-19%24%23%16%-1%80%

Monthly Win Rates [3]
OKLO Win Rate17%67%67%58%58%33% 
Peers Win Rate47%42%53%66%62%47% 
S&P 500 Win Rate75%42%67%75%67%33% 

Max Drawdowns [4]
OKLO Max Drawdown-2%-2%0%-47%-7%-19% 
Peers Max Drawdown-18%-28%-33%-26%-22%-10% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-2% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMR, NNE, BWXT, GEV, LEU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/13/2026 (YTD)

How Low Can It Go

Unique KeyEventOKLOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-5.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven5.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven306 days464 days

Compare to SMR, NNE, BWXT, GEV, LEU

In The Past

Oklo's stock fell -5.0% during the 2022 Inflation Shock from a high on 10/29/2021. A -5.0% loss requires a 5.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Oklo (OKLO)

Oklo Inc. designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.

AI Analysis | Feedback

Tesla for advanced nuclear energy

GE for next-generation nuclear power plants

AI Analysis | Feedback

  • Fission Power Plants: Oklo designs and develops advanced fission power plants for commercial-scale energy generation.
  • Used Nuclear Fuel Recycling Services: The company offers services for recycling used nuclear fuel.

AI Analysis | Feedback

Oklo Inc. (OKLO) primarily sells its fission power plants and used nuclear fuel recycling services to other companies and potentially government entities, not individuals. As of early 2024, Oklo is in the early stages of commercializing its technology, and definitive operational power plant contracts with revenue streams are still being established. However, the company has publicly announced significant partnerships and letters of intent with the following prospective major customers:

  • Diamondback Energy, Inc. (NASDAQ: FANG): Oklo announced a partnership with Diamondback Energy in September 2023 to explore opportunities for Diamondback to deploy Oklo's advanced fission power plants to provide clean, reliable, and cost-effective power to Diamondback's operations.
  • Compass Mining: In July 2022, Oklo announced a non-binding letter of intent (LOI) to provide clean power to Compass Mining's cryptocurrency operations. Compass Mining is a private company that provides cryptocurrency mining hosting services.

AI Analysis | Feedback

  • Centrus Energy Corp. (LEU)

AI Analysis | Feedback

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AI Analysis | Feedback

The most significant clear emerging threat to Oklo Inc. comes from other well-funded and advanced nuclear reactor developers that are also vying for market share in the nascent advanced fission power plant industry. Specifically, companies like TerraPower are developing advanced reactor designs, such as the Natrium reactor (a sodium-cooled fast reactor), which directly compete with Oklo's fission power plant offerings.

TerraPower, backed by prominent figures like Bill Gates and partnerships with companies like GE-Hitachi, has secured substantial government funding and is actively progressing towards the deployment of a demonstration plant in Wyoming. Should TerraPower or similar competitors achieve faster regulatory approvals, demonstrate superior cost-effectiveness, or accelerate their path to commercialization and deployment, they could capture a significant portion of the early market for advanced nuclear solutions, thereby limiting Oklo's potential for growth and market penetration.

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Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Oklo Stock (+11%): Sector Rotation and Technical Breakout Attracts Buyers01/29/2026
2OKLO Stock Surges 36% With A 5-day Winning Spree On U.S. Nuclear Fuel Plan01/08/2026
3OKLO Stock Falls -14% With A 5-day Losing Spree On Insider Selling12/31/2026
4Oklo Earnings Notes12/28/2026
5Oklo Stock (-5.4%): Plutonium Reactor Tests Spook Investors12/27/2025
6Oklo Stock (-15%): AI Data Center Delays Trigger Narrative Collapse12/13/2025
7What Can Trigger Oklo Stock's Slide?11/08/2025
8Oklo Stock on the Edge: 3 Threats You Need to Know11/08/2025
9ARTICLES 
10How Will Oklo Stock React To Its Upcoming Earnings?11/08/2025
113 Forces That Could Shake Oklo Stock11/08/2025
12Oklo Stock: The Zero-Revenue Company Worth $20 Billion10/31/2025
13Is Oklo Stock Overvalued After A 7x Surge?10/13/2025
14Oklo Stock To Increase 50% More?09/25/2025

Trade Ideas

Select ideas related to OKLO.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
CTRI_12122025_Insider_Buying_GTE_1Mil_EBITp+DE_V212122025CTRICenturiInsiderInsider Buys | Low D/EStrong Insider Buying
Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap		16.6%16.6%-5.5%
PEG_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025PEGPublic Service EnterpriseMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		6.8%6.8%-4.0%
PCG_9262025_Dip_Buyer_ValueBuy09262025PCGPG&EDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		27.5%27.5%-0.8%
AES_9052025_Dip_Buyer_ValueBuy09052025AESAESDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		36.9%36.9%-3.2%
BWXT_8312025_Quality_Momentum_RoomToRun_10%08312025BWXTBWX TechnologiesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		27.3%27.3%-1.2%

Recent Active Movers

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Research & Analysis

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Wealth Management

Peer Comparisons

Peers to compare with:

Financials

OKLOSMRNNEBWXTGEVLEUMedian
NameOklo NuScale .Nano Nuc.BWX Tech.GE Verno.Centrus . 
Mkt Price58.3711.8022.82194.13805.02209.64126.25
Mkt Cap8.83.81.117.8216.64.06.4
Rev LTM03103,19838,068449240
Op Inc LTM-98-690-543251,39150-2
FCF LTM-69-460-272953,710312
FCF 3Y Avg--251-142541,9512424
CFO LTM-62-460-204804,9875115
CFO 3Y Avg--251-124172,9193232

Growth & Margins

OKLOSMRNNEBWXTGEVLEUMedian
NameOklo NuScale .Nano Nuc.BWX Tech.GE Verno.Centrus . 
Rev Chg LTM--15.0%-18.3%9.0%1.5%5.2%
Rev Chg 3Y Avg-46.9%-12.8%-16.2%16.2%
Rev Chg Q--94.7%-18.7%3.8%-3.6%0.1%
QoQ Delta Rev Chg LTM--50.7%-4.6%1.1%-1.2%-0.1%
Op Mgn LTM--2,190.6%-10.1%3.7%11.2%6.9%
Op Mgn 3Y Avg--1,257.7%-11.9%0.7%12.8%6.3%
QoQ Delta Op Mgn LTM--1,206.6%--0.7%-0.0%-7.0%-3.9%
CFO/Rev LTM--1,460.1%-15.0%13.1%11.4%12.2%
CFO/Rev 3Y Avg--852.3%-14.9%8.0%7.5%7.8%
FCF/Rev LTM--1,461.4%-9.2%9.7%7.0%8.1%
FCF/Rev 3Y Avg--855.2%-9.1%5.3%5.6%5.5%

Valuation

OKLOSMRNNEBWXTGEVLEUMedian
NameOklo NuScale .Nano Nuc.BWX Tech.GE Verno.Centrus . 
Mkt Cap8.83.81.117.8216.64.06.4
P/S-119.4-5.65.78.87.2
P/EBIT-89.9-5.4-21.140.2155.739.617.1
P/E-114.6-10.6-26.154.044.350.816.9
P/CFO-141.1-8.2-55.837.043.477.514.4
Total Yield-0.9%-9.5%-3.8%2.4%2.4%2.0%0.5%
Dividend Yield0.0%0.0%0.0%0.5%0.1%0.0%0.0%
FCF Yield 3Y Avg--29.6%-2.5%-1.5%1.5%
D/E0.00.00.00.10.00.30.0
Net D/E-0.1-0.3-0.50.1-0.0-0.2-0.1

Returns

OKLOSMRNNEBWXTGEVLEUMedian
NameOklo NuScale .Nano Nuc.BWX Tech.GE Verno.Centrus . 
1M Rtn-11.9%-24.2%-12.8%-2.1%-2.3%-0.2%-7.1%
3M Rtn-33.2%-35.7%-35.6%11.1%19.9%-15.8%-24.5%
6M Rtn-29.4%-67.5%-31.0%15.7%28.8%-5.6%-17.5%
12M Rtn143.7%-22.4%-19.4%101.3%168.8%191.3%122.5%
3Y Rtn477.9%24.2%339.7%224.8%476.8%506.6%408.2%
1M Excs Rtn-9.5%-21.8%-10.4%0.3%0.1%2.1%-4.7%
3M Excs Rtn-40.4%-40.3%-35.8%9.8%13.0%-19.2%-27.5%
6M Excs Rtn-29.9%-69.3%-33.6%11.6%24.2%-9.4%-19.6%
12M Excs Rtn101.9%-47.2%-38.9%78.2%149.1%161.4%90.0%
3Y Excs Rtn407.6%-53.1%270.0%149.6%407.1%334.8%302.4%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023
Single Segment 0
Total 0


Assets by Segment
$ Mil20242023
Single Segment1511
Total1511


Price Behavior

Price Behavior
Market Price$58.37 
Market Cap ($ Bil)8.8 
First Trading Date07/08/2021 
Distance from 52W High-66.5% 
   50 Days200 Days
DMA Price$76.16$85.92
DMA Trendupdown
Distance from DMA-23.4%-32.1%
 3M1YR
Volatility92.1%110.1%
Downside Capture529.92353.13
Upside Capture378.42381.32
Correlation (SPY)53.8%40.5%
OKLO Betas & Captures as of 2/28/2026

 1M2M3M6M1Y3Y
Beta3.993.904.514.002.362.02
Up Beta6.756.244.131.521.801.78
Down Beta-2.171.862.961.721.742.05
Up Capture276%408%523%1170%1885%3036%
Bmk +ve Days9203170142431
Stock +ve Days9202862124355
Down Capture612%397%451%325%167%112%
Bmk -ve Days12213054109320
Stock -ve Days12203261124336

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with OKLO
OKLO105.1%110.1%1.15-
Sector ETF (XLU)24.4%15.4%1.2122.4%
Equity (SPY)19.6%18.9%0.8141.0%
Gold (GLD)71.9%26.3%2.0513.0%
Commodities (DBC)19.3%17.3%0.8915.5%
Real Estate (VNQ)6.2%16.3%0.1915.1%
Bitcoin (BTCUSD)-15.3%44.2%-0.2536.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with OKLO
OKLO39.7%86.8%0.83-
Sector ETF (XLU)12.4%17.1%0.5714.6%
Equity (SPY)13.1%17.0%0.6121.7%
Gold (GLD)24.1%17.3%1.1411.5%
Commodities (DBC)11.2%19.0%0.475.8%
Real Estate (VNQ)4.8%18.8%0.167.3%
Bitcoin (BTCUSD)6.3%56.7%0.3316.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with OKLO
OKLO18.2%86.8%0.83-
Sector ETF (XLU)10.5%19.1%0.4814.6%
Equity (SPY)14.5%17.9%0.7021.7%
Gold (GLD)14.4%15.6%0.7711.5%
Commodities (DBC)8.6%17.6%0.405.8%
Real Estate (VNQ)5.6%20.7%0.237.3%
Bitcoin (BTCUSD)67.4%66.8%1.0716.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date2272026
Short Interest: Shares Quantity19.1 Mil
Short Interest: % Change Since 21520266.2%
Average Daily Volume6.6 Mil
Days-to-Cover Short Interest2.9 days
Basic Shares Quantity150.4 Mil
Short % of Basic Shares12.7%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/24/2025-6.4%-30.0%-24.4%
11/14/2024-24.6%5.7%-22.6%
8/13/20242.6%-6.7%-16.0%
SUMMARY STATS   
# Positive110
# Negative223
Median Positive2.6%5.7% 
Median Negative-15.5%-18.4%-22.6%
Max Positive2.6%5.7% 
Max Negative-24.6%-30.0%-24.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202511/12/202510-Q
06/30/202508/11/202510-Q
03/31/202505/13/202510-Q
12/31/202403/24/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
06/30/202309/27/2023S-4

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Cochran, CarolineCo-Founder, COOCaroline Cochran GRATSell106202690.29100,0009,029,100133,630,680Form
2Cochran, CarolineCo-Founder, COOJacob DeWitte GRATSell106202690.29100,0009,029,100133,630,680Form
3Dewitte, JacobCo-Founder, CEOJacob DeWitte GRATSell106202690.29100,0009,029,100133,630,680Form
4Dewitte, JacobCo-Founder, CEOCaroline Cochran GRATSell106202690.29100,0009,029,100133,630,680Form
5Cochran, CarolineCo-Founder, COOCaroline Cochran GRATSell1223202582.32420,00034,575,279130,068,905Form

Industry Resources

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