Oklo Inc. published its financial results and business update for the full year ended December 31, 2024, on March 24, 2025. The company reported a net loss of USD 74 million for the fiscal year 2024.
Despite the net loss, Oklo's cash used in operations for the full year was $38.4 million, which was below its forecasted range of $40-50 million. The company highlighted a significant customer pipeline of approximately 14 gigawatts (GW), including a 12 GW Master Power Agreement with Switch and a 500 MW partnership with Equinix that included a $25 million prepayment.
Key operational achievements included expanding its Aurora powerhouse offering to scale up to 75 MW and securing important U.S. Department of Energy (DOE) approvals for siting and environmental compliance at the Idaho National Laboratory (INL). Oklo also completed the acquisition of Atomic Alchemy and partnered with RPower on a gas-to-nuclear strategy.
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