Oklo Inc.OKLO

Oklo Inc. Leases Disclosure

10-KFiled Mar 17, 20262 min read
Leases
As of December 31, 2025, the Company had commercial real estate lease agreements for office space and facilities under operating leases.

The table below presents supplemental information related to the operating leases:
Years Ended December 31,
20252024
Cash payments included in the measurement of operating lease liabilities during the year$862$289
Operating lease liabilities arising from obtaining lease right-of-use assets during the year$1,143$1,185
Weighted-average remaining lease term (in months) as of year-end2924
Weighted-average discount rate during the year8.91 %8.76 %

The Company utilizes its incremental borrowing rates on a collateralized basis, reflecting the Company’s credit quality and the term of the lease at the commencement of the lease in determining the present value of future payments since the implicit rate for the Company’s leases is not readily determinable.

Variable lease expense includes lease payments that vary based on usage or performance and are not fixed at lease commencement. Payments for services such as maintenance, utilities, and real estate taxes are accounted for as non-lease components and expensed as incurred.

The components of operating lease costs were as follows:
Years Ended December 31,
20252024
Operating lease costs included in:
Research and development$841 $234 
General and administrative321 87 
Total operating costs (1)$1,162 $321 

(1) Month-to-month lease arrangements for the years ended December 31, 2025 and 2024 of $276 and $184, respectively, are included in the captions within operating lease costs.

The minimum lease payments below do not include non-lease components, which are contractual obligations under the Company’s lease, but are not fixed and can fluctuate from year to year and are expensed as incurred.

As of December 31, 2025, future maturities of the operating lease liabilities were as follows :
2026$990 
2027203 
2028191 
2029199 
203034 
Minimum lease payments1,617 
Less imputed interest(167)
Present value of operating lease liabilities$1,450 
Current portion of operating lease liabilities$904 
Noncurrent portion of operating lease liabilities546 
Total operating lease liabilities$1,450 

Historical Timeline

Fiscal YearFiled
2025Mar 17, 2026Showing above
2024Mar 24, 2025

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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