Oklo Inc. (OKLO) Balance Sheet
OKLO balance sheet, 2025
December 31, 2025 · U.S. dollars$1.53B assets = $52.2M liabilities + $1.48B equity
Both columns are drawn to the same scale: what OKLO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OKLO financial health
Descriptive bands, not a rating. Fiscal 2025.
OKLO balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $11.0M2021 | $1.53B2025 | +243.0%/yr | |
| Total liabilities | $4.7M2021 | $52.2M2025 | +82.2%/yr | |
| Shareholders’ equity | $6.3M2021 | $1.48B2025 | +291.2%/yr | |
| Cash & short-term investments | $10.4M2021 | $1.23B2025 | +229.3%/yr | |
| Total debt | $494,3172021 | $1.4M2025 | +30.9%/yr | |
| Net cash (debt) | $9.9M2021 | $1.23B2025 | +$1.2B | |
| Working capital | $10.0M2021 | $1.23B2025 | +$1.2B | |
| Book value per share | $0.102021 | $10.092025 | +218.1%/yr | |
| Debt / equity | 0.082021 | 0.002025 | −0.08 | |
| Shares outstanding | 64.0M2021 | 146.4M2025 | +23.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OKLO assets
OKLO liabilities and equity
OKLO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OKLO balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $1.23B | $227.8M | $9.9M | $9.7M | $10.4M |
| Cash & equivalents | $788.4M | $97.1M | $9.9M | $9.7M | $10.4M |
| Short-term investments | $439.5M | $130.7M | −$412 | — | −$2,348 |
| Receivables | $5.0M | $1.7M | $126,000 | $391,000 | $0 |
| Inventory | $0 | $0 | −$251,119 | −$391,000 | $0 |
| Other current assets | $20.8M | $2.4M | $4.5M | $834,724 | $9,727 |
| Total current assets | $1.25B | $231.9M | $14.2M | $10.5M | $10.5M |
| Property, plant & equipment (net) | $42.3M | $2.2M | $661,000 | $447,903 | $502,162 |
| Goodwill & intangible assets | $34.1M | $0 | $0 | $0 | $0 |
| Long-term investments | $196.7M | $47.5M | $0 | $0 | $0 |
| Other non-current assets | $1.6M | $140,000 | $25,000 | $51,270 | $85,459 |
| Total assets | $1.53B | $281.7M | $14.9M | $11.0M | $11.0M |
| Liabilities | |||||
| Accounts payable | $4.1M | $3.0M | $2.3M | $336,621 | $99,906 |
| Short-term debt | $904,000 | $742,000 | $250,000 | $210,246 | $190,136 |
| Deferred revenue | — | — | — | $633,405 | −$287,626 |
| Total current liabilities | $25.5M | $5.3M | $3.2M | $634,036 | $437,160 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.4M | $1.0M | $94,000 | $304,181 | $494,317 |
| Other long-term liabilities | $26.7M | $25.5M | $46.0M | $38.5M | $4.3M |
| Total liabilities | $52.2M | $30.9M | $49.2M | $39.1M | $4.7M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $16,000 | $14,000 | $7,000 | $477 | $463 |
| Retained earnings (deficit) | −$240.8M | −$135.1M | −$61.5M | −$29.3M | −$19.3M |
| Accumulated other comprehensive income | $1.2M | $2.2M | −$5,979 | $0 | −$525.0M |
| Total shareholders' equity | $1.48B | $250.9M | −$34.4M | −$28.1M | $6.3M |
| Key figures | |||||
| Total debt | $1.4M | $1.3M | $250,000 | $304,181 | $494,317 |
| Net cash (debt) | $1.23B | $226.5M | $9.6M | $9.3M | $9.9M |
| Working capital | $1.23B | $226.6M | $11.0M | $9.9M | $10.0M |
| Tangible book value | $1.44B | $250.9M | −$34.4M | −$28.1M | $6.3M |
| Book value per share | $10.09 | $1.82 | −$0.50 | −$0.44 | $0.10 |
| Shares outstanding | 146.4M | 137.9M | 68.9M | 64.0M | 64.0M |
| Current ratio | 49.08 | 43.47 | 4.43 | 16.54 | 23.91 |
| Quick ratio | 48.26 | 43.02 | 3.12 | 15.84 | 23.89 |
| Debt / equity | 0.00 | 0.01 | — | — | 0.08 |
| Equity / assets | 96.6% | 89.0% | −230.8% | −255.8% | 57.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.64B | $2.21B | $1.23B | $921.6M | $534.4M | $201.0M | $227.8M | $231.4M | $235.3M | $38.0M | $9.9M | $1.7M |
| Cash & equivalents | $1.64B | $1.59B | $788.4M | $410.0M | $226.8M | $90.1M | $97.1M | $91.8M | $105.7M | $38.0M | $9.9M | $1.7M |
| Short-term investments | $820.5M | $614.5M | $439.5M | $511.6M | $307.7M | $110.9M | $130.7M | $139.6M | $129.6M | — | $0 | $518.2M |
| Receivables | $2.0M | $9.7M | $5.0M | $5.2M | $2.8M | $1.6M | $1.7M | $1.2M | $1.3M | $0 | $126,000 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.6M | $0 | −$251,119 | $0 |
| Other current assets | $874.2M | $7.3M | $20.8M | $4.9M | $5.4M | $2.2M | $2.4M | $2.3M | $25,705 | $5.8M | $4.5M | $32,250 |
| Total current assets | $2.52B | $2.23B | $1.25B | $931.8M | $542.7M | $204.9M | $231.9M | $234.8M | $239.2M | $43.8M | $14.2M | $1.8M |
| Property, plant & equipment (net) | $176.2M | $98.1M | $43.7M | $13.1M | $5.5M | $3.2M | $2.2M | $1.8M | $675,516 | $658,955 | $661,000 | $331,883 |
| Goodwill & intangible assets | $88.2M | $34.1M | $34.1M | $34.2M | $34.2M | $34.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $541.1M | $328.3M | $196.7M | $262.0M | $148.5M | $59.7M | $47.5M | $57.1M | $59.3M | $0 | $0 | $0 |
| Other non-current assets | $31.4M | $17.3M | $217,000 | $5.2M | $161,000 | $157,000 | $140,000 | $115,000 | $140 | $0 | $25,000 | $517.9M |
| Total assets | $3.36B | $2.70B | $1.53B | $1.25B | $731.1M | $302.1M | $281.7M | $293.8M | $299.2M | $44.4M | $14.9M | $520.0M |
| Liabilities | ||||||||||||
| Accounts payable | $10.5M | $14.2M | $4.1M | $2.0M | $2.3M | $1.4M | $3.0M | $361,240 | $1.1M | $2.5M | $2.3M | $1.2M |
| Short-term debt | $1.0M | $1.0M | $904,000 | $1.2M | $1.1M | $941,000 | $742,000 | $692,762 | $189,858 | $37,895 | $250,000 | $149,026 |
| Total current liabilities | $52.0M | $37.1M | $25.5M | $13.8M | $7.6M | $5.7M | $5.3M | $4.8M | $4.9M | $3.6M | $3.2M | $2.4M |
| Long-term debt | $700,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.3M | $2.6M | $1.4M | $1.7M | $1.9M | $1.8M | $1.0M | $1.1M | $37,785 | — | $94,000 | — |
| Other long-term liabilities | $31.6M | $27.7M | $26.7M | $26.8M | $27.1M | $27.2M | $25.5M | $25.7M | $25.0M | $98.1M | $46.0M | $17.6M |
| Total liabilities | $84.3M | $64.9M | $52.2M | $40.6M | $34.7M | $32.8M | $30.9M | $30.5M | $29.9M | $101.7M | $49.2M | $20.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18,000 | $17,000 | $16,000 | $16,000 | $15,000 | $14,000 | $14,000 | $12,210 | $12,210 | $506 | $7,000 | $516.8M |
| Retained earnings (deficit) | −$322.4M | −$273.8M | −$240.8M | −$199.3M | −$169.6M | −$144.9M | −$135.1M | −$124.8M | −$114.9M | −$85.5M | −$61.5M | −$16.7M |
| Accumulated other comprehensive income | −$4.0M | −$1.5M | $1.2M | $3.6M | $1.3M | $1.7M | $2.2M | $2.7M | $418,019 | −$329.9M | $0 | −$541.8M |
| Total shareholders' equity | $3.27B | $2.64B | $1.48B | $1.21B | $696.4M | $269.3M | $250.9M | $263.3M | $269.3M | −$57.3M | −$34.4M | $500.0M |
| Key figures | ||||||||||||
| Total debt | $4.1M | $2.6M | $1.4M | $1.9M | $2.1M | $2.1M | $1.3M | $1.4M | $189,858 | $73.1M | $250,000 | $31.9M |
| Net cash (debt) | $1.64B | $2.21B | $1.23B | $919.7M | $532.3M | $199.0M | $226.5M | $230.0M | $235.1M | −$35.1M | $9.6M | −$30.1M |
| Working capital | $2.47B | $2.19B | $1.23B | $918.0M | $535.0M | $199.3M | $226.6M | $230.0M | $234.3M | $40.1M | $11.0M | −$586,612 |
| Tangible book value | $3.19B | $2.60B | $1.44B | $1.17B | $662.2M | $235.1M | $250.9M | $263.3M | $269.3M | −$57.3M | −$34.4M | $500.0M |
| Book value per share | $18.58 | $15.49 | $10.09 | $8.02 | $4.97 | $1.95 | $1.82 | $2.16 | $2.69 | −$0.81 | −$0.50 | $7.30 |
| Shares outstanding | 176.2M | 170.3M | 146.4M | 150.4M | 140.1M | 138.1M | 137.7M | 122.1M | 100.0M | 70.3M | 69.2M | 68.5M |
| Current ratio | 48.46 | 59.93 | 49.08 | 67.51 | 71.27 | 36.23 | 43.47 | 48.45 | 49.03 | 12.00 | 4.43 | 0.75 |
| Quick ratio | 31.66 | 59.74 | 48.26 | 67.15 | 70.56 | 35.84 | 43.02 | 47.98 | 48.49 | 10.42 | 3.12 | 0.74 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | — | — | 0.06 |
| Equity / assets | 97.5% | 97.6% | 96.6% | 96.7% | 95.3% | 89.1% | 89.0% | 89.6% | 90.0% | −128.9% | −230.8% | 96.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 17, 2026); data from EODHD.
OKLO financial position
At the end of fiscal 2025 (December 31, 2025), Oklo had total assets of $1.5 billion (up 442.5% from a year earlier), total liabilities of $52.2 million and shareholders' equity of $1.5 billion. It held $1.2 billion in cash and short-term investments against $1.4 million of debt, a net cash position of $1.2 billion. Its current ratio was 49.08. In the latest quarter (ended June 30, 2026) total assets were $3.4 billion and equity $3.3 billion.
Related: OKLO income statement, OKLO cash flow statement, OKLO key metrics. See the OKLO stock overview for the latest quote and news.
OKLO balance sheet FAQ
What are Oklo's total assets?
Oklo reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $281.7 million a year earlier.
How much debt does Oklo have?
Oklo had $1.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Oklo have?
Oklo held $1.2 billion in cash and short-term investments at the end of fiscal 2025; with $1.4 million of debt that is net cash of $1.2 billion.
What is Oklo's book value?
Oklo's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $10.09 per share.
What is Oklo's current ratio?
Oklo had current assets of $1.3 billion and current liabilities of $25.5 million, a current ratio of 49.08 (it can cover its short-term obligations).
How much goodwill does Oklo have?
Oklo carried $34.1 million of goodwill and intangible assets, 2.2% of total assets, at the end of fiscal 2025.