Oklo raised $1.85bn by selling 23.1m new shares in six months — at $96.95 a share in Q1, $63.51 in Q2. Revenue: a first-ever $1.2m
Q2 2026 10-Q: first revenue $1.21m (from an acquired business), net loss $48.5m, first-half operating cash flow −$65.5m. The $1.5bn ATM set up in December was exhausted in Q1 (12.4m shares at an average $96.95); a new $1.0bn ATM in May sold 10.7m shares in Q2 at an average $63.51. Cash and marketable securities $3.01bn. First powerhouse targeted for 2028; Meta prepayment agreement (1.2 GW, Ohio) and a Centrus HALEU letter of intent
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Oklo Form 10-Q for Q2 2026: statement of operations (first revenue), cash-flow statement, statement of stockholders' equity (ATM rows), equity note 'ATM Programs' (2025 and 2026: shares, average price, gross and net proceeds), business-combination note (2026 acquisitions), MD&A liquidity (cash and securities $3.0bn; sufficient for one year), Meta prepayment agreement, Centrus HALEU letter of intent, 2028 first-powerhouse target
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Oklo (OKLO), a developer of small fast reactors, reported revenue of $1.21m for the second quarter of 2026 — the first in its history, from a business acquired this year — and a net loss of $48.5m. The equity note of the 10-Q filed on August 7 records how many new shares it sold over six months, and at what price.
What happened
Oklo (OKLO) develops the Aurora line of small fast-reactor powerhouses and trades as a nuclear-for-data-centers stock.
Its Q2 2026 quarterly report (10-Q) shows revenue of $1.21m — the company's first, from a business acquired in 2026. The operating loss was $73.2m and the net loss $48.5m ($24.7m a year earlier); the first-half net loss was $81.6m. Cash and marketable securities were $3,006.3m at June 30.
The ATM table in the equity note reads: 2025 ATM ($1.5bn program, exhausted in Q1): 12,376,352 shares at an average net price of $96.95, net proceeds $1,181.9m. 2026 ATM (set up in May, $1.0bn program): 10,712,054 shares in Q2 at an average $63.51, net proceeds $670.0m. First-half total: 23,088,406 shares, $1,851.9m (average $81.44).
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The company says significant ongoing operating and capital expenditures are needed for powerhouses, fuel-recycling facilities and the fuel business, with the first powerhouse targeted for 2028. With almost no revenue, funding comes from share sales; the lower the price, the more shares each dollar costs. The relationship between dilution and the funding plan is explained in the subscriber section.
How much has the share count grown?
Shares outstanding were 173,867,839 at March 31; Q2 added 10.7m ATM shares among others. The 23.1m ATM shares issued in the first half equal 13% of the end-March count.
Has money come in from the Meta agreement?
The 10-Q describes a prepayment 'mechanism' without stating an amount, and says changes in contract liabilities (customer prepayments) came mainly from acquisitions.
Where can I verify these numbers?
On SEC EDGAR: Oklo's Q2 2026 Form 10-Q (accession 0001628280-26-054571), the ATM table in the equity note, the statement of stockholders' equity, the statement of operations, and MD&A liquidity and business updates (Meta, Centrus).
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We read the filing on SEC EDGAR in full — statements, notes, MD&A. Press releases and news are not used as sources.
Every figure is reconciled to its location in the filing and to XBRL data. One mismatch means no publication.
An editor reviews before publication; any later change is recorded in the revision history.
Oklo Form 10-Q for Q2 2026: statement of operations (first revenue), cash-flow statement, statement of stockholders' equity (ATM rows), equity note 'ATM Programs' (2025 and 2026: shares, average price, gross and net proceeds), business-combination note (2026 acquisitions), MD&A liquidity (cash and securities $3.0bn; sufficient for one year), Meta prepayment agreement, Centrus HALEU letter of intent, 2028 first-powerhouse target · SEC EDGAR · This article is not investment advice. Disclaimer
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aiSwingX™ analyzes US filings and reports them as news investors can read.
