# 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

![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](https://aiswingx.com/static/covers/oklo-2026q2_cover.jpg?v=1790026613)

**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**

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.

- 종목: OKLO (Oklo)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-21 21:37 UTC
- 원문: https://aiswingx.com/p/oklo-2026q2

## 숫자 하나
First-half ATM total 23,088,406 shares, net proceeds $1,851.9m (average $81.44). Q1 (2025 ATM, $1.5bn program exhausted): 12,376,352 shares at $96.95, net $1,181.9m. Q2 (2026 ATM, $1.0bn program): 10,712,054 shares at $63.51, net $670.0m. Cash and marketable securities $3,006.3m at June 30. First-half net loss $81.6m, operating cash flow −$65.5m, capex $126.9m.

## 비유 하나
(구독자 전용)

## 출처 하나
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

## 다음 분기에 볼 것
(구독자 전용)

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## 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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(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

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## FAQ

**Q. 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.

**Q. 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.

**Q. 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.

**Q. 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).