As of Q4'25, OKLO's cash and short-term investments reached $1.23B USD, reflecting a substantial liquidity position, while debt stood at a minimal $1.45M USD, indicating low leverage and strong financial flexibility at the latest reporting period. From Q1'23 to Q4'25, cash and short-term investments exhibited significant growth, surging from $2.90M USD to $1.23B USD, with notable acceleration starting in Q1'24 (reaching $38.02M USD) and peaking in Q2'25 at $534.43M USD before stabilizing around $1B USD in the latter half of the period; this upward trend underscores robust capital inflows, possibly from financing activities. In contrast, debt remained negligible throughout, emerging only in Q4'23 at $46.14M USD before declining sharply to under $2M USD by Q1'25 and holding steady at low levels thereafter, highlighting a conservative debt management strategy with no material financial strain.