Oklo Shares Jump 22.66% After Quarterly Revenue Report and Wider Net Loss
Key Facts
Oklo shares jumped 22.66% in the November 6, 2026 session, the day the company reported results for the third quarter ended September 30 and set a date for its earnings call. Filings showed quarterly revenue of $1.861 million, compared with no revenue in the same period a year earlier. But the company posted a net loss of $41.746 million, compared with a loss of $29.722 million a year earlier. Revenue came from engineering and consulting services, as well as manufacturing and fabrication services. NuScale Power shares also rose 16.25% in the same session, according to Investing.com data.
Revenue from engineering and consulting services was $1.561 million in the third quarter, while manufacturing and fabrication services generated $300 thousand. Revenue was therefore recorded for the period ended September 30, 2026, after the company reported none in the corresponding period of 2025. On the expense side, the quarterly net loss widened to $41.746 million from $29.722 million. These figures underscore that the company continues to post losses even as revenue from its services begins to emerge. The session’s share-price gain alone does not establish a move in uranium suppliers’ shares or across the sector.
For the nine months ended September 30, Oklo posted a net loss of $123.3 million and an operating loss of $195.2 million. The company used $110.9 million in cash in operating activities over the same period. Meanwhile, cash and cash equivalents and marketable securities totaled $3.131 billion as of September 30. These figures show a contrast between the reported liquidity base and the scale of losses and cash used in operations. The company said in its filing that its liquidity balance included cash and cash equivalents and marketable securities.
In an operational update, management said work on the steel structure at the Aurora-Idaho site had begun by November 4, following completion of excavation in the reactor area. This puts construction work at the center of the company’s progress during the project’s execution phase, alongside its financial results. Management said on the call: "By November 4, steel structure installation was underway. Excavation of the reactor area was complete." The step was among the updates the company presented with its third-quarter results. Oklo scheduled its earnings call for November 6 at 8:30 a.m. Eastern Time.
The company expected cash used in operating activities during fiscal 2026 to range from $120 million to $150 million. It also set a range of $400 million to $500 million for spending on property, plant and equipment during the same fiscal year. On the earnings call, it said, "the range is between $120 million and $150 million for cash used in operations during the fiscal year," and investments in property, plant and equipment would be "between $400 million and $500 million." This guidance places expected capital spending on a separate track from cash used in operations. The outlook remains tied to fiscal 2026, according to the company’s announcement.