Oklo Misses Q2 Earnings Estimates, Announces Strategic Collaboration with Lightbridge for Advanced Fuels

Oklo Inc. reported a Q2 loss of 18 cents per share, missing estimates of a 12-cent loss. The company's operating losses were $28 million, primarily driven by payroll and general business expenses. Oklo is targeting submission of Phase 1 of its combined license application for its Aurora powerhouse in Q4 and expects commercial operations to begin in late 2027 or early 2028. The company also announced a strategic collaboration with Lightbridge Corp. to explore co-location of a Lightbridge fuel fabrication facility inside of Oklo's planned advanced fuel manufacturing infrastructure.

Oklo Inc. (NYSE: OKLO), a nuclear-power startup, reported a Q2 loss of 18 cents per share, missing estimates of a 12-cent loss. The company's operating losses were $28 million, primarily driven by payroll and general business expenses. Oklo is targeting submission of Phase 1 of its combined license application for its Aurora powerhouse in Q4 and expects commercial operations to begin in late 2027 or early 2028. The company also announced a strategic collaboration with Lightbridge Corp. to explore co-location of a Lightbridge fuel fabrication facility inside of Oklo's planned advanced fuel manufacturing infrastructure [3].

Oklo's Q2 loss was driven by a $28 million expense increase, up from $17.8 million in the same period a year ago [2]. The company attributed the loss to the capital raise and the increased expenses associated with its nuclear energy projects. Despite the financial setback, analysts remain bullish on the company's long-term prospects, citing support for nuclear energy from the Trump White House [1].

Oklo's long-term strategy includes developing advanced nuclear microreactors to supply clean, reliable power for AI infrastructure and remote facilities. The company aims to commercialize its first plant by 2027 [3]. Oklo's business model centers on marketing power sold through long-term power purchase agreements (PPAs), not reactors.

The collaboration between Oklo and Lightbridge aims to accelerate the commercialization of advanced nuclear fuels through joint fuel fabrication and research and development. This initiative aligns with the objectives of a memorandum of understanding (MOU) signed earlier this year and supports the federal direction to process surplus plutonium and make it available for advanced reactor fuel [3].

Oklo's stock has seen a 269% year-to-date gain and is trading above analysts' price targets. The company's engagement with the NRC and policy tailwinds from the Trump administration could accelerate its commercialization timeline [4]. Analysts remain optimistic about Oklo's potential in the SMR market, citing the company's strategic deals and a solid order book exceeding 14 gigawatts (GW) [4].

References:
[1] https://www.ainvest.com/news/oklo-reports-q2-loss-citing-trump-support-tailwind-bullish-analysts-2508/
[2] https://finance.yahoo.com/news/oklo-reports-wider-loss-q2-211939002.html
[3] https://oklo.com/newsroom/news-details/2025/Oklo-and-Lightbridge-to-Evaluate-Additional-Co-Location-Opportunities-for-Manufacturing-Advanced-Fuels-from-Legacy-Materials/default.aspx
[4] https://seekingalpha.com/article/4812207-oklo-the-dark-horse-of-nuclear-energy