NUSCALE POWER Corp
Business
NuScale Power Corp develops and commercializes small modular reactor (SMR) technology, specifically the NuScale Power Module™ (NPM), a 77 MWe light water nuclear reactor designed for safe, scalable, and cost-effective carbon-free power generation. The company offers NPM equipment and a suite of services including regulatory licensing support, training, fuel management, and operations support throughout the plant lifecycle. NuScale operates as a single segment and pursues customers including utilities, state-owned enterprises, and industrial companies globally, with near-term projects in Romania and the United States.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue (2025 - $23,921; 2024 - $4,225; 2023 - $16,897 from related party) | 31 | 37 | 23 | 12 | 3 | |
| Cost of sales | −20 | −5 | −19 | −7 | −2 | |
| Gross margin | 11 | 32 | 4 | 4 | 1 | |
| Research and development expenses | 46 | 47 | 156 | 128 | 94 | |
| General and administrative expenses | 610 | 76 | 65 | 55 | 39 | |
| Other expenses (2025 - $0; 2024 - $767; 2023 - $32,875 from related party) | 46 | 48 | 58 | 52 | 42 | |
| Loss from operations | −690 | −139 | −276 | −230 | −174 | |
| Sponsored cost share | 149,000 | 7 | 61 | 73 | 74 | |
| Change in fair value of warrant liabilities | 0 | −223 | 24 | 12 | 0 | |
| Investment income | 25 | 8 | 11 | 4 | — | |
| Loss before income taxes | −664 | −346 | −180 | −142 | −102 | |
| Foreign income taxes | 342,000 | 2 | 0 | 0 | — | |
| Net loss | −664 | −348 | −180 | −142 | −102 | |
| Net loss attributable to noncontrolling interests | −309 | −212 | −122 | −85 | 0 | |
| Net Loss Attributable to Class A Common Stockholders | −356 | −137 | −58 | −26 | −102 | |
| Basic (usd per share) | −2.17 | −1.47 | −0.8 | −0.51 | 0 | |
| Diluted (usd per share) | −2.17 | −1.47 | −0.8 | −0.51 | 0 | |
| Basic (shares) | 164 | 93 | 73 | 51 | 0 | |
| Diluted (shares) | 164 | 93 | 73 | 51 | 0 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 836 | 402 | 120 | 218 | 77 | |
| Short-term investments | 418 | 40 | 0 | 50 | 0 | |
| Restricted cash | 5 | 5 | 5 | 0 | — | |
| Prepaid expenses | 5 | 3 | 19 | 6 | 4 | |
| Accounts and other receivables, net (2025 - $5,452; 2024 - $3,655 from related party) | 8 | 21 | 10 | 11 | — | |
| Total current assets | 1,273 | 471 | 155 | 284 | 86 | |
| Property, plant and equipment, net | 2 | 2 | 4 | 5 | 5 | |
| In-process research and development | 17 | 17 | 17 | 17 | 17 | |
| Intangible assets, net | 527,000 | 704,000 | 882,000 | 1 | 1 | |
| Goodwill | 8 | 8 | 8 | 8 | 8 | |
| Long-lead material work in process | 64 | 43 | 36 | 0 | — | |
| Investments | 33 | 0 | — | — | — | |
| Other assets | 16 | 2 | 4 | 7 | 4 | |
| Total Assets | 1,413 | 545 | 225 | 349 | 121 | |
| Accounts payable and accrued expenses | 287 | 48 | 45 | 28 | 22 | |
| Accrued compensation | 8 | 7 | 9 | 9 | 11 | |
| Long-lead material liability | 0 | 32 | 32 | 0 | — | |
| Other accrued liabilities | 648,000 | 1 | 2 | 2 | 1 | |
| Deferred revenue | 613,000 | 762,000 | 0 | — | — | |
| Total current liabilities | 296 | 90 | 87 | 39 | 48 | |
| Deferred revenue | 335,000 | 181,000 | 898,000 | 856,000 | 1 | |
| Noncurrent liabilities | 3 | 2 | 1 | 3 | 3 | |
| Total Liabilities | 299 | 92 | 96 | 72 | 53 | |
| Additional paid-in capital | 1,902 | 996 | 334 | 297 | 0 | |
| Accumulated deficit | −733 | −377 | −240 | −182 | −782 | |
| Total Stockholders' Equity Excluding Noncontrolling Interests | 1,169 | 619 | 93 | 115 | 66 | |
| Noncontrolling interests | −55 | −166 | 36 | 162 | 0 | |
| Total Stockholders' Equity | 1,114 | 453 | 129 | 277 | 66 | |
| Total Liabilities and Stockholders' Equity | 1,413 | 545 | 225 | 349 | 121 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 1 | 2 | 2 | 3 | 2 | |
| Amortization of intangibles | 177,000 | 177,000 | 177,000 | 177,000 | 177,000 | |
| Equity-based compensation expense | 19 | 14 | 16 | 9 | 6 | |
| Provision for credit losses | 0 | 1 | 0 | 0 | — | |
| Loss on disposal of property, plant and equipment | 0 | −122,000 | 0 | 0 | — | |
| Impairment of intangible asset | 0 | 71,000 | 797,000 | 0 | 0 | |
| Prepaid expenses and other assets | −16 | 16 | −10 | −2 | −2 | |
| Accounts and other receivables (2025 - $(1,797); 2024 - $(1,013) and 2023 - $(1,134) from related party) | 10 | −12 | 1 | — | — | |
| Long-lead material work in process | −17 | −7 | −36 | 0 | 0 | |
| Accounts payable and accrued expenses (2025 - $0; 2024 - $(4,080) and 2023 - $(3,614) from related party) | 238 | 6 | 18 | 3 | 6 | |
| Long-lead material liability | −32 | 4,000 | 32 | — | — | |
| Lease liability | 895,000 | −2 | −4 | −2 | −2 | |
| Deferred revenue | 5,000 | 45,000 | 42,000 | −559,000 | 1 | |
| Accrued compensation | 950,000 | −1 | −323,000 | −2 | 5 | |
| Net Cash Used in Operating Activities | −460 | −109 | −183 | −149 | −99 | |
| Proceeds from sale of short-term investments | 164 | 25 | 50 | — | — | |
| Proceeds from sale of investments | 92 | 0 | 0 | — | — | |
| Purchase of short-term investments | −542 | −65 | 0 | −50 | 0 | |
| Purchase of investments | −125 | 0 | 0 | — | — | |
| Insurance proceeds for property, plant and equipment | 0 | 195,000 | 0 | 0 | — | |
| Purchases of property, plant and equipment | −508,000 | −44,000 | −2 | −2 | −2 | |
| Net Cash (Used) Provided by Investing Activities | −411 | −40 | 48 | −52 | −2 | |
| Proceeds from the issuance of common stock, net of issuance fees | 1,300 | 205 | 10 | 0 | 0 | |
| Proceeds from exercise of warrants | 0 | 205 | 0 | 22 | — | |
| Proceeds from exercise of common stock options | 6 | 22 | 6 | 6 | — | |
| Foreign income tax withholding to NCI interests | −416,000 | −3 | 0 | 0 | — | |
| Net Cash Provided by Financing Activities | 1,306 | 430 | 16 | 368 | 173 | |
| Net Change in Cash, Cash Equivalents and Restricted Cash | 435 | 281 | −119 | 167 | 72 | |
| Warrants converted into equity | 0 | 229 | 0 | 6 | 0 | |
| Cash paid for income taxes | 2 | 3 | 0 | 0 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NUSCALE POWER Corp's CIK number?
NUSCALE POWER Corp's SEC CIK number is 0001822966 (1822966). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NUSCALE POWER Corp's SEC filings?
All of NUSCALE POWER Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NUSCALE POWER Corp last report earnings?
NUSCALE POWER Corp (SMR) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001822966-26-000052). This is NUSCALE POWER Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is NUSCALE POWER Corp's most recent earnings 8-K?
NUSCALE POWER Corp's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001822966-26-000052. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NUSCALE POWER Corp's latest earnings 8-K →
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