What happened
Oklo (OKLO) develops the Aurora line of small fast-reactor powerhouses and trades as a nuclear-for-data-centers stock.
OKLOOklo·2026Q2 10-QPaidFiling score 49 · Moderate
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Oklo raised $1.85bn selling 23.1m new shares in six months
Q2 2026 10-Q: first revenue of $1.21m from an acquired business, net loss $48.5m. The ATM programme set up in December was used up in the first quarter (12.38m shares at an average $96.95) and a new one in May sold 10.71m shares at an average $63.51 in the second. Cash and securities $3,006m; the first plant is targeted for 2028
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.
In plain terms
Oklo raised money in the first half by selling new shares into the market. It sold far more, and at a far higher price, in the second quarter than in the first. What existing holders own is divided by that much.
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49 Filing score · Moderate
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FAQ
Why keep selling shares?
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).
How aiSwingX™ wrote this
- 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.
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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 · SEC EDGAR · This article is not investment advice. Disclaimer