1.Sales and profit
See section β- Oklo had $0.0M of revenue in fiscal 2025.
- Oklo lost $106M in fiscal 2025.
Oklo
OKLO NYSE Electric Utilities Financials FY2021βFY2025
Oklo had $0.0M of revenue in fiscal 2025.
KIRAβs summary AI analyst
Hi! I read Okloβs latest annual report (fiscal 2025). Here is what stands out:
2 to watch
2.Cash and shareholders
See section β- Free cash flow was β$115M in fiscal 2025, β of revenue.
- Oklo returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 48.0%.
- In the last 12 months, insiders sold $335M of shares on the open market and bought none.
4.Price and value
See section β- At $26.35 a share, the company is worth $4.6B.
Oklo in 30 seconds
Good So-so Weak
Weak
Does it make a profit?
β$106M
No. It lost money last year.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Key numbers, fiscal 2025
Market cap
Last close times the latest diluted share count, so it is approximate.
$4.6B
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
β
About these figures. Oklo has no revenue yet: it is building its first nuclear power plants, and its filings report operating costs only, so revenue is counted as zero.
Charts by
Sales and profit
Is it selling more, and how much does it keep?
Revenue and margins
KIRA Β· Oklo had $0.0M of revenue in fiscal 2025.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
FY21
Revenue $0.0M
FY22
Revenue $0.0M
FY23
Revenue $0.0M
FY24
Revenue $0.0M
FY25
Revenue $0.0M
Revenue
Q3 '23
Revenue $0.0M
Q4 '23
Revenue $0.0M
Q1 '24
Revenue $0.0M
Q2 '24
Revenue $0.0M
Q3 '24
Revenue $0.0M
Q4 '24
Revenue $0.0M
Q1 '25
Revenue $0.0M
Q2 '25
Revenue $0.0M
Q3 '25
Revenue $0.0M
Q4 '25
Revenue $0.0M
Q1 '26
Revenue $0.0M
Q2 '26
Revenue $1.2M
Margins, % of revenue
FY21
Gross β
Operating β
Net β
FCF β
FY22
Gross β
Operating β
Net β
FCF β
FY23
Gross β
Operating β
Net β
FCF β
FY24
Gross β
Operating β
Net β
FCF β
FY25
Gross β
Operating β
Net β
FCF β
Gross
Operating
Net
FCF
Margins, % of revenue
Q3 '23
Gross β
Operating β
Net β
FCF β
Q4 '23
Gross β
Operating β
Net β
FCF β
Q1 '24
Gross β
Operating β
Net β
FCF β
Q2 '24
Gross β
Operating β
Net β
FCF β
Q3 '24
Gross β
Operating β
Net β
FCF β
Q4 '24
Gross β
Operating β
Net β
FCF β
Q1 '25
Gross β
Operating β
Net β
FCF β
Q2 '25
Gross β
Operating β
Net β
FCF β
Q3 '25
Gross β
Operating β
Net β
FCF β
Q4 '25
Gross β
Operating β
Net β
FCF β
Q1 '26
Gross β
Operating β
Net β
FCF β
Q2 '26
Gross β
Operating β6,048.8%
Net β4,011.2%
FCF β11,709.3%
Gross
Operating
Net
FCF
Net income and earnings per share
KIRA Β· Oklo lost $106M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
FY21
Net income β$1.1M
FY22
Net income $3.9M
FY23
Net income β$32.2M
FY24
Net income β$73.6M
FY25
Net income β$106M
Net income
Q3 '23
Net income β$8.7M
Q4 '23
Net income β$14.3M
Q1 '24
Net income β$24.0M
Q2 '24
Net income β$27.3M
Q3 '24
Net income β$10.0M
Q4 '24
Net income β$12.3M
Q1 '25
Net income β$9.8M
Q2 '25
Net income β$24.7M
Q3 '25
Net income β$29.7M
Q4 '25
Net income β$41.4M
Q1 '26
Net income β$33.1M
Q2 '26
Net income β$48.5M
Diluted EPS
FY21
Diluted EPS β
FY22
Diluted EPS β
FY23
Diluted EPS β$0.47
FY24
Diluted EPS β$0.74
FY25
Diluted EPS β$0.72
Diluted EPS
Q3 '23
Diluted EPS β$0.13
Q4 '23
Diluted EPS β$0.15
Q1 '24
Diluted EPS β$0.34
Q2 '24
Diluted EPS β$0.27
Q3 '24
Diluted EPS β$0.08
Q4 '24
Diluted EPS β$0.11
Q1 '25
Diluted EPS β$0.07
Q2 '25
Diluted EPS β$0.18
Q3 '25
Diluted EPS β$0.20
Q4 '25
Diluted EPS β$0.27
Q1 '26
Diluted EPS β$0.19
Q2 '26
Diluted EPS β$0.28
Cash and shareholders
How much cash comes in, and where does it go?
Cash flow
KIRA Β· Free cash flow was β$115M in fiscal 2025, β of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
FY21
Free cash flow β
FY22
Free cash flow β
FY23
Free cash flow β$16.1M
FY24
Free cash flow β$38.7M
FY25
Free cash flow β$115M
Free cash flow
Q3 '23
Free cash flow β$3.6M
Q4 '23
Free cash flow β$5.7M
Q1 '24
Free cash flow β$7.4M
Q2 '24
Free cash flow β$9.8M
Q3 '24
Free cash flow β$8.0M
Q4 '24
Free cash flow β$13.5M
Q1 '25
Free cash flow β$12.6M
Q2 '25
Free cash flow β$19.4M
Q3 '25
Free cash flow β$23.1M
Q4 '25
Free cash flow β$60.4M
Q1 '26
Free cash flow β$50.7M
Q2 '26
Free cash flow β$142M
Cash from operations vs capital spending
FY21
Cash from operations β$1.9M
Capital spending β
FY22
Cash from operations β$1.0M
Capital spending β
FY23
Cash from operations β$16.0M
Capital spending $0.1M
FY24
Cash from operations β$38.4M
Capital spending $0.4M
FY25
Cash from operations β$82.2M
Capital spending $33.2M
Cash from operations
Capital spending
Cash from operations vs capital spending
Q3 '23
Cash from operations β$3.6M
Capital spending $0.0M
Q4 '23
Cash from operations β$5.6M
Capital spending $0.0M
Q1 '24
Cash from operations β$7.3M
Capital spending $0.1M
Q2 '24
Cash from operations β$9.8M
Capital spending $0.1M
Q3 '24
Cash from operations β$7.9M
Capital spending $0.1M
Q4 '24
Cash from operations β$13.5M
Capital spending $0.1M
Q1 '25
Cash from operations β$12.2M
Capital spending $0.3M
Q2 '25
Cash from operations β$18.5M
Capital spending $0.9M
Q3 '25
Cash from operations β$18.0M
Capital spending $5.0M
Q4 '25
Cash from operations β$33.4M
Capital spending $26.9M
Q1 '26
Cash from operations β$17.9M
Capital spending $32.8M
Q2 '26
Cash from operations β$47.6M
Capital spending $94.1M
Cash from operations
Capital spending
Dividends, buybacks and share count
KIRA Β· Oklo returned $0.0M to shareholders in fiscal 2025. The diluted share count rose 48.0%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
FY21
Dividends $0.0M
Buybacks $0.0M
FY22
Dividends $0.0M
Buybacks $0.0M
FY23
Dividends $0.0M
Buybacks $216M
FY24
Dividends $0.0M
Buybacks $0.0M
FY25
Dividends $0.0M
Buybacks $0.0M
Dividends
Buybacks
Dividends and buybacks
Q3 '23
Dividends $0.0M
Buybacks $0.0M
Q4 '23
Dividends $0.0M
Buybacks $0.0M
Q1 '24
Dividends $0.0M
Buybacks $0.0M
Q2 '24
Dividends $0.0M
Buybacks $0.0M
Q3 '24
Dividends $0.0M
Buybacks $0.0M
Q4 '24
Dividends $0.0M
Buybacks $0.0M
Q1 '25
Dividends $0.0M
Buybacks $0.0M
Q2 '25
Dividends $0.0M
Buybacks $0.0M
Q3 '25
Dividends $0.0M
Buybacks $0.0M
Q4 '25
Dividends $0.0M
Buybacks $0.0M
Q1 '26
Dividends $0.0M
Buybacks $0.0M
Q2 '26
Dividends $0.0M
Buybacks $0.0M
Dividends
Buybacks
Diluted shares outstanding (annual)
FY21
Diluted shares β
FY22
Diluted shares β
FY23
Diluted shares 0.07B
FY24
Diluted shares 0.10B
FY25
Diluted shares 0.15B
Insider trades
KIRA Β· In the last 12 months, insiders sold $335M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$335M
10 insiders
Of sales under plans
91%
$306M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 1,021 | $26.50 | $0.0M | Form 4 |
| Oct 19, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 2,359 | $27.63 | $0.1M | Form 4 |
| Oct 14, 2026 | Alexandra RennerChief Product Officer | Sold | 688 | $30.75 | $0.0M | Form 4 |
| Oct 9, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 364 | $34.69 | $0.0M | Form 4 |
| Oct 6, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 288 | $37.29 | $0.0M | Form 4 |
| Oct 5, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold | 649 | $35.93 | $0.0M | Form 4 |
| Oct 1, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 16,477 | $36.87 | $0.6M | Form 4 |
| Oct 1, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 120,000 | $36.51 | $4.4M | Form 4 |
| Sep 28, 2026 | John HansonChief of Staff | Sold | 1,100 | $37.39 | $0.0M | Form 4 |
| Sep 28, 2026 | William Carroll Murphy GoodwinChief Strategy Officer | Sold | 1,775 | $37.39 | $0.1M | Form 4 |
| Sep 28, 2026 | Alexandra RennerChief Product Officer | Sold | 1,100 | $37.39 | $0.0M | Form 4 |
| Sep 14, 2026 | John M JansenDirector | Sold | 6,354 | $36.67 | $0.2M | Form 4 |
| Sep 9, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 365 | $43.31 | $0.0M | Form 4 |
| Sep 8, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 238 | $42.06 | $0.0M | Form 4 |
| Sep 4, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 538 | $39.88 | $0.0M | Form 4 |
| Sep 1, 2026 | Alexandra RennerChief Product Officer | Sold | 1,930 | $38.40 | $0.1M | Form 4 |
| Sep 1, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 120,000 | $38.59 | $4.6M | Form 4 |
| Sep 1, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 120,000 | $38.59 | $4.6M | Form 4 |
| Sep 1, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 16,430 | $38.76 | $0.6M | Form 4 |
| Aug 25, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 223 | $40.80 | $0.0M | Form 4 |
| Aug 24, 2026 | Vivek NarayanadasGeneral Counsel & Secretary | Sold plan | 3,264 | $39.77 | $0.1M | Form 4 |
| Aug 24, 2026 | Alexandra RennerChief Product Officer | Sold | 557 | $39.77 | $0.0M | Form 4 |
| Aug 24, 2026 | John HansonChief of Staff | Sold | 539 | $39.77 | $0.0M | Form 4 |
| Aug 24, 2026 | William Carroll Murphy GoodwinChief Legal & Strategy Officer | Sold | 11,592 | $39.77 | $0.5M | Form 4 |
| Aug 3, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 16,452 | $38.80 | $0.6M | Form 4 |
| Aug 3, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 120,000 | $40.87 | $4.9M | Form 4 |
| Aug 3, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 120,000 | $40.87 | $4.9M | Form 4 |
| Jul 1, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 200,000 | $52.93 | $10.6M | Form 4 |
| Jul 1, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 16,321 | $52.63 | $0.9M | Form 4 |
| Jul 1, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 200,000 | $52.93 | $10.6M | Form 4 |
| Jun 1, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 200,000 | $68.29 | $13.7M | Form 4 |
| Jun 1, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 200,000 | $68.29 | $13.7M | Form 4 |
| Jun 1, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 73,081 | $68.42 | $5.0M | Form 4 |
| May 20, 2026 | William Carroll Murphy GoodwinChief Legal & Strategy Officer | Sold | 10,548 | $58.04 | $0.6M | Form 4 |
| May 1, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 200,000 | $70.23 | $14.0M | Form 4 |
| May 1, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 200,000 | $70.23 | $14.0M | Form 4 |
| May 1, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 16,216 | $69.92 | $1.1M | Form 4 |
| Apr 1, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 100,000 | $50.35 | $5.0M | Form 4 |
| Apr 1, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 16,342 | $51.08 | $0.8M | Form 4 |
| Apr 1, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 100,000 | $50.35 | $5.0M | Form 4 |
| Mar 27, 2026 | John M JansenDirector | Sold | 10,500 | $51.52 | $0.5M | Form 4 |
| Mar 27, 2026 | Richard KinzleyDirector | Sold | 4,000 | $52.09 | $0.2M | Form 4 |
| Mar 25, 2026 | William Carroll Murphy GoodwinChief Legal & Strategy Officer | Sold | 10,639 | $56.48 | $0.6M | Form 4 |
| Mar 25, 2026 | Patrick Joseph SchweigerChief Technology Officer | Sold | 5,561 | $56.48 | $0.3M | Form 4 |
| Mar 13, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold | 117,788 | $60.00 | $7.1M | Form 4 |
| Mar 13, 2026 | Richard Craig BealmearChief Financial Officer | Sold | 72,090 | $60.00 | $4.3M | Form 4 |
| Mar 13, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold | 117,788 | $60.00 | $7.1M | Form 4 |
| Mar 9, 2026 | William Carroll Murphy GoodwinChief Legal & Strategy Officer | Sold | 2,820 | $56.69 | $0.2M | Form 4 |
| Mar 3, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 5,839 | $61.93 | $0.4M | Form 4 |
| Mar 2, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 16,257 | $60.00 | $1.0M | Form 4 |
| Mar 2, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 143,330 | $63.21 | $9.1M | Form 4 |
| Mar 2, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 143,330 | $63.21 | $9.1M | Form 4 |
| Feb 2, 2026 | Richard Craig BealmearChief Financial Officer | Sold plan | 9,726 | $76.93 | $0.7M | Form 4 |
| Feb 2, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 109,921 | $75.11 | $8.3M | Form 4 |
| Feb 2, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 109,921 | $75.11 | $8.3M | Form 4 |
| Jan 9, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 78,651 | $111.76 | $8.8M | Form 4 |
| Jan 9, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 78,651 | $111.76 | $8.8M | Form 4 |
| Jan 8, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 2,355 | $100.01 | $0.2M | Form 4 |
| Jan 8, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 2,355 | $100.01 | $0.2M | Form 4 |
| Jan 7, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 319,327 | $98.97 | $31.6M | Form 4 |
| Jan 7, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 319,327 | $98.97 | $31.6M | Form 4 |
| Jan 5, 2026 | Caroline CochranCo-Founder, COO, Director, 10% owner | Sold plan | 100,000 | $90.29 | $9.0M | Form 4 |
| Jan 5, 2026 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 100,000 | $90.29 | $9.0M | Form 4 |
| Dec 22, 2025 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 606,063 | $82.14 | $49.8M | Form 4 |
| Dec 18, 2025 | Richard Craig BealmearChief Financial Officer | Sold | 5,159 | $76.97 | $0.4M | Form 4 |
| Dec 17, 2025 | Richard Craig BealmearChief Financial Officer | Sold | 69,841 | $78.40 | $5.5M | Form 4 |
| Dec 1, 2025 | William Carroll Murphy GoodwinChief Legal & Strategy Officer | Sold | 5,864 | $88.42 | $0.5M | Form 4 |
| Nov 19, 2025 | William Carroll Murphy GoodwinChief Legal & Strategy Officer | Sold | 11,936 | $101.84 | $1.2M | Form 4 |
| Sep 30, 2025 | Jacob DeWitteCo-Founder, CEO, Director, 10% owner | Sold plan | 522,255 | $112.01 | $58.5M | Form 4 |
Financial health
Can it carry its debts, and how well does it use its money?
Balance sheet
Cash, debt and the ratios that show how comfortably Oklo can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
FY21
Cash $3.3M
Debt β
FY22
Cash $3.6M
Debt β
FY23
Cash $9.9M
Debt β
FY24
Cash $228M
Debt β
FY25
Cash $1.2B
Debt β
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $3.3M | $3.6M | $9.9M | $228M | $1.2B |
| Current ratio | 13.5x | 2.7x | 4.4x | 43.5x | 49.1x |
| Quick ratio | 13.5x | 2.7x | 4.4x | 43.5x | 49.1x |
| Total assets | $505M | $510M | $14.9M | $282M | $1.5B |
| Total liabilities | $17.9M | $19.4M | $49.2M | $30.9M | $52.2M |
| Shareholders' equity | β$13.2M | β$3.1M | β$34.4M | $251M | $1.5B |
| Net debt (β = net cash) | β | β | β | β | β |
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
FY21
Return on capital β
Return on equity β
Return on assets β
FY22
Return on capital β
Return on equity β
Return on assets 0.8%
FY23
Return on capital β
Return on equity β
Return on assets β12.3%
FY24
Return on capital β
Return on equity β68.0%
Return on assets β49.6%
FY25
Return on capital β
Return on equity β12.2%
Return on assets β11.7%
Return on capital
Return on equity
Return on assets
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | β / 9 | β / 9 | β / 9 |
| Accruals ratio | β6.2% | β23.8% | β2.6% |
| Altman Z'' | β17.77 | 10.98 | 33.81 |
Price and value
What does the share cost, and how does it compare?
Value Oklo yourself
KIRA Β· At $26.35 a share, the company is worth $4.6B.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Discounted cash flow
Value per share
β
Adds net cash of β and divides by 146.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Similar companies
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Oklo OKLO | $4.6B | β | β | β | β | β | β | |
| American Electric Power AEP | $70.7B | 10.9% | 24.3% | β6.9% | 6.7% | 19.1x | 7 | Compare β |
| Constellation Energy CEG | $90.9B | 8.3% | 12.1% | 5.0% | 10.4% | 24.6x | 5 | Compare β |
| Duke Energy DUK | $96.9B | 5.6% | 27.2% | β5.3% | 5.5% | 19.1x | 5 | Compare β |
| Edison International EIX | $22.4B | 9.8% | 36.7% | β3.7% | 9.8% | 6.3x | 6 | Compare β |
All figures
Every number, year by year.
5 years of figures
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Research and development | β | β | $9.8M | $26.7M | $58.9M |
| Operating income | β$1.2M | β$1.8M | β$18.6M | β$52.8M | β$139M |
| Interest expense | β | β | $0.0M | $0.0M | β |
| Pretax income | β$1.1M | $5.4M | β$32.2M | β$72.9M | β$110M |
| Income tax | $0.0M | $1.5M | $0.0M | $0.7M | β$4.5M |
| Net income | β$1.1M | $3.9M | β$32.2M | β$73.6M | β$106M |
| Diluted EPS | β | β | β$0.47 | β$0.74 | β$0.72 |
| Diluted shares | β | β | 0.07B | 0.10B | 0.15B |
| Cash flow | |||||
| Cash from operations | β$1.9M | β$1.0M | β$16.0M | β$38.4M | β$82.2M |
| Capital expenditure | β | β | $0.1M | $0.4M | $33.2M |
| Free cash flow | β | β | β$16.1M | β$38.7M | β$115M |
| Depreciation and amortization | β | β | $0.1M | $0.3M | $0.5M |
| Stock-based compensation | β | β | $0.8M | $12.5M | $41.8M |
| Acquisitions | $0.0M | $0.0M | $0.0M | $0.0M | $0.9M |
| Share buybacks | $0.0M | $0.0M | $216M | $0.0M | $0.0M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $216M | $0.0M | $0.0M |
| Balance sheet | |||||
| Cash and short-term investments | $3.3M | $3.6M | $9.9M | $228M | $1.2B |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $4.2M | $4.0M | $14.2M | $232M | $1.3B |
| Current liabilities | $0.3M | $1.5M | $3.2M | $5.3M | $25.5M |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | β | β | $0.6M | $1.2M | $42.3M |
| Total assets | $505M | $510M | $14.9M | $282M | $1.5B |
| Total liabilities | $17.9M | $19.4M | $49.2M | $30.9M | $52.2M |
| Shareholders' equity | β$13.2M | β$3.1M | β$34.4M | $251M | $1.5B |
| Returns | |||||
| Return on capital employed | β | β0.4% | β7.2% | β36.7% | β15.7% |
| Return on equity | β | β | β | β68.0% | β12.2% |
| Return on assets | β | 0.8% | β12.3% | β49.6% | β11.7% |
| Growth | |||||
| Net income growth | β | β | β919.5% | β | β |
| Share count change | β | β | β | 43.6% | 48.0% |
| Financial health | |||||
| Current ratio | 13.5x | 2.7x | 4.4x | 43.5x | 49.1x |
| Quick ratio | 13.5x | 2.7x | 4.4x | 43.5x | 49.1x |
| Quality scores | |||||
| Altman Z'' | β0.8 | β0.3 | β17.8 | 11.0 | 33.8 |
| Accruals ratio | β | 1.0% | β6.2% | β23.8% | β2.6% |
Source: SEC EDGAR XBRL filings (CIK 0001849056). Data updated October 13, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.