Makes briefcase-sized nuclear reactors (SOLO) that plug into factories, mines, and hospitals to replace diesel generators with always-on 1-megawatt power.
No revenue on record; operations burn cash (USD -0.03B operating income in 2025), though a USD 0.54B net income spike appears non-operating. Money comes from investors, not customers.
Regulatory licensing and uranium supply chains create high entry barriers, but no sales yet means the moat is unproven. Competitors like NuScale Power and Oklo Inc. are further along.
Key events, in time order
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NKLR is undergoing a readiness assessment with the NRC for its SOLO reactor construction permit, mirroring OKLO's pre-submission reviews to identify issues early.
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