Oklo Inc. Q3 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Company Focus: Oklo is advancing its integrated nuclear platform (power, fuel fabrication, recycling, and isotopes) to support fleet deployments. Key themes include rapid project execution, strong balance sheet enabling parallel investments, in-house capabilities via acquisitions, and policy tailwinds from DOE/NRC initiatives.

Financial Highlights (YTD Q3 2026)

  • Net Loss: $123.3 million (operations loss of $195.2 million offset by $72.4 million net interest/dividend income).
  • Cash Used in Operations: $110.9 million (within guidance of $120–150 million for full year); primarily from net loss, adjusted for $49.1 million non-cash stock-based compensation and working capital changes.
  • Investing Activities: $1.3 billion cash used (includes $965.1 million in marketable securities purchases from ATM proceeds; capital expenditures of $280.9 million for asset deployments).
  • Guidance: Full-year capex expected in $400–500 million range.
  • Balance Sheet Strength: $3.1 billion in cash, equivalents, and marketable securities ($1.5B cash + $1.6B securities). Raised $2.3 billion via ATM offerings YTD, providing flexibility for fuel/equipment procurement, construction, and multi-project advancement. No direct prior-period comparisons provided; focus remains on disciplined capital deployment for revenue-generating assets.
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Operator: Hello, everyone. Thank you for joining us, and welcome to Oklo's Third Quarter 2026 Financial Results and Webcast. [Operator Instructions] I will now hand the conference over to Sam Doane, Senior Director of Investor Relations. Sam, please go ahead. Sam Doane: Thank you, operator, and good morning, everyone. Welcome to Oklo's Third Quarter 2026 Earnings and Company Update Call. I'm Sam Doane, Oklo's Senior Director of Investor Relations. Joining me today are Jake Dewitte, Oklo's Co-Founder and Chief Executive Officer; and Craig Bealmear, our Chief Financial Officer. Earlier today, we released our third quarter 2026 financial results. Today's accompanying slide presentation is available on our Investor Relations section of our website. Before we begin, I'd like to remind everyone that today's discussion, including our prepared remarks and the question-and-answer session that follows, will include forward-looking statements. These statements reflect our current views regarding trends, assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those discussed today. We encourage you to review the forward-looking statements disclaimer included in our accompanying presentation. For a more complete discussion of these risks, please refer to our Form 10-Q for this quarter, our most recent Form 10-K and our other filings with the Securities and Exchange Commission, which you can access via our Investor Relations website. Ok
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