Oklo OKLO reports its third-quarter 2025 results on November 11, 2025, after the market closes. Analysts expect a net loss of $0.14 a share and no revenue, consistent with its pre-commercial phase. Despite the lack of revenue, the stock has surged about 430% this year, making Oklo one of 2025’s top-performing clean-energy names. The rally has been driven by optimism around its microreactor technology as well as policy tailwinds from the Trump administration.
In the prior quarter, Oklo posted a net loss of $24.7 million, with diluted shares outstanding up roughly 40% YoY, reflecting continued capital raises to fund development. The company also expanded its commercial reach through a partnership with Vertiv VRT to co-develop power and cooling solutions for hyperscale AI data centers. Management highlighted the collaboration as a validation of Oklo’s ability to pair compact nuclear systems with rising compute-energy demand.
For this quarter, investors will watch cash burn, liquidity runway, and regulatory milestones tied to Aurora’s deployment. Management’s commentary on new partnerships or funding sources will be key, as Oklo remains in a capital-intensive development stage. With no revenue visibility yet, sentiment hinges on whether management can maintain credibility by meeting technical targets and showing discipline on costs.
After its massive run and a market cap above $16 billion despite no revenue, its valuation leaves little room for error. The company is still years away from commercialization, but steady progress on licensing and early power-purchase agreements could determine whether Oklo’s story evolves from speculation into execution.
