Oklo (OKLO) Earnings Due – Guidance Key

Advanced nuclear technology company Oklo (OKLO) is scheduled to report its third-quarter 2025 financial results on Tuesday, November 11, after market close, followed by a conference call at 5:00 p.m. ET. Oklo is a ‘pre-revenue’ company so the market's attention will be less on traditional revenue and earnings figures and more on strategic business updates and project timelines.

Oklo was built on the expectations to build small nuclear reactors and sell power. Until this year it was plagued by the uncertainty of ever getting regulatory approval to operate commercially. Just three years ago Oklo's application was rejected by the Nuclear Regulatory Commission (NRC) for insufficient information. 

But things have changed for the better quickly. This past summer, the White House issued a flurry of executive orders aimed at accelerating advanced nuclear energy technology in the U.S. Washington cited an "AI arms race," the energy demands of which totally exceed the nation's power generation capabilities today. Oklo's Aurora powerhouse was selected as a potential solution to this expected surge in electricity demand and it has already broken ground on its first Aurora reactor.

Investors will be keen for updates on the timeline for deploying Oklo's first nuclear power plant, currently projected for late 2027 or early 2028. The company recently announced a significant partnership with Newcleo and Blykalla, which includes a potential $2 billion investment for advanced fuel fabrication infrastructure in the U.S.  Further details on this and other potential power purchase agreements (PPAs)—currently in the form of non-binding memorandums of understanding with data center companies—will be crucial.

Oklo’s stock price has risen 425% this year as of Monday’s close, so expectations are elevated to say the least. The company's $16 Billion dollar valuation, primarily based on future possibilities and non-binding agreements, confronts the harsh truth of prolonged regulatory challenges, a lack of commercial revenue, and a developing fuel supply chain, casting doubt on the viability of its elevated market valuation.

Analysts are forecasting a consensus loss of approximately $0.13 to $0.14 per share for 3Q 2025, compared to a loss of $0.08 per share in the same quarter last year. The company is not expected to report any revenue, a consistent theme given its current stage of development. The company's last reported quarter (Q2 2025) saw an EPS of -$0.18, missing analyst estimates of -$0.12. 

With no operational power plants yet, earnings reports primarily serve as updates on the company's progress toward commercial viability. The Option Market is pricing in a +/- 9.2% one-day move ($10.30) post results with implied volatility levels elevated. The stock has a Beta of 2.6 which means it moves more than twice as much as the benchmark S&P 500, which has a Beta of 1. 

Ultimately, the earnings call on Tuesday will be a test of whether Oklo's strategic vision and operational progress can justify its current market valuation in the absence of immediate financial returns.

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