SMR · Nuscale Power Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $565.0K | - | $8.24M | $8.05M | $13.38M | - | $475.0K | $967.0K | $1.38M | - |
| Cost of Revenue | $544.0K | - | $5.53M | $6.27M | $6.37M | - | $295.0K | $850.0K | $735.0K | - |
| Gross Profit | $21.0K | - | $2.71M | $1.78M | $7.00M | - | $180.0K | $117.0K | $644.0K | - |
| R&D | $12.80M | - | $11.05M | $11.80M | $9.13M | - | $12.16M | $12.13M | $13.15M | - |
| SG&A | $24.84M | - | $519.22M | $22.52M | $23.26M | - | $17.02M | $16.83M | $19.36M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $313.0K | - | $249.0K | $260.0K | $269.0K | - | $394.0K | $556.0K | $490.0K | - |
| Operating Income | ($57.52M) | - | ($538.44M) | ($43.08M) | ($35.33M) | - | ($41.02M) | ($41.88M) | ($43.97M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | $12.0K | $0 | $0 | - |
| Net Income | ($44.02M) | - | ($273.32M) | ($17.64M) | ($14.01M) | - | ($17.46M) | ($27.62M) | ($16.57M) | - |
| EPS - Basic | ($0.14) | - | ($1.85) | ($0.13) | ($0.11) | - | ($0.18) | ($0.31) | ($0.21) | - |
| EPS - Diluted | ($0.14) | - | ($1.85) | ($0.13) | ($0.11) | - | ($0.18) | ($0.31) | ($0.21) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $341.13M | $836.42M | $407.58M | $297.69M | $491.42M | $401.56M | $111.63M | $130.93M | $131.99M | $120.27M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $908.47M | $1.27B | $719.82M | $442.56M | $543.41M | $471.14M | $180.55M | $156.28M | $156.77M | $154.55M |
| Total Assets | $1.15B | $1.41B | $883.13M | $606.45M | $618.10M | $544.67M | $253.28M | $229.23M | $229.82M | $224.86M |
| Current Liabilities | $30.94M | $296.06M | $445.63M | $104.93M | $87.26M | $89.72M | $80.56M | $58.82M | $85.10M | $87.46M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $38.43M | $298.96M | $448.32M | $107.59M | $88.61M | $91.55M | $163.16M | $135.92M | $101.13M | $95.52M |
| Stockholders' Equity | $1.17B | $1.17B | $828.71M | $692.87M | $704.01M | $618.70M | $160.07M | $136.33M | $125.07M | $93.46M |
| Retained Earnings | ($776.89M) | ($732.87M) | ($682.04M) | ($408.72M) | ($391.08M) | ($377.08M) | ($302.10M) | ($284.64M) | ($257.03M) | ($240.45M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($314.68M) | - | - | - | ($22.79M) | - | - | - | ($33.49M) | - |
| Investing Cash Flow | ($218.40M) | - | - | - | $9.93M | - | - | - | $0 | - |
| Financing Cash Flow | $37.79M | - | - | - | $102.72M | - | - | - | $45.21M | - |
| CapEx | $1.52M | - | - | - | $67.0K | - | - | - | $0 | - |
| Free Cash Flow | ($316.20M) | - | - | - | ($22.85M) | - | - | - | ($33.49M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 3.7% | - | 32.9% | 22.1% | 52.4% | - | 37.9% | 12.1% | 46.7% | - |
| Operating margin | -10181.2% | - | -6532.9% | -534.9% | -264.1% | - | -8635.6% | -4330.7% | -3188.8% | - |
| EBITDA margin | -10125.8% | - | -6529.9% | -531.7% | -262.1% | - | -8552.6% | -4273.2% | -3153.2% | - |
| Net margin | -7790.3% | - | -3316.2% | -219.0% | -104.7% | - | -3675.6% | -2855.9% | -1201.7% | - |
| Free cash flow margin | -55964.6% | - | - | - | -170.9% | - | - | - | -2428.5% | - |
| FCF / Net income | 7.18 | - | - | - | 1.63 | - | - | - | 2.02 | - |
| R&D / Revenue | 2266.4% | - | 134.1% | 146.5% | 68.3% | - | 2560.0% | 1254.6% | 954.0% | - |
| SG&A / Revenue | 4396.3% | - | 6299.7% | 279.6% | 173.9% | - | 3583.4% | 1740.1% | 1403.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -3.8% | - | -30.9% | -2.9% | -2.3% | - | -6.9% | -12.0% | -7.2% | - |
| Return on equity | -3.8% | - | -33.0% | -2.5% | -2.0% | - | -10.9% | -20.3% | -13.3% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 29.36 | 4.30 | 1.62 | 4.22 | 6.23 | 5.25 | 2.24 | 2.66 | 1.84 | 1.77 |
| Quick ratio | 29.36 | 4.30 | 1.62 | 4.22 | 6.23 | 5.25 | 2.24 | 2.66 | 1.84 | 1.77 |
| Cash ratio | 11.03 | 2.83 | 0.91 | 2.84 | 5.63 | 4.48 | 1.39 | 2.23 | 1.55 | 1.38 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 0.98 | 1.21 | 1.07 | 0.88 | 0.88 | 0.88 | 1.58 | 1.68 | 1.84 | 2.41 |
| Liabilities / Assets | 0.03 | 0.21 | 0.51 | 0.18 | 0.14 | 0.17 | 0.64 | 0.59 | 0.44 | 0.42 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.01 | 0.01 | 0.02 | - | 0.00 | 0.00 | 0.01 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 3.0x | - | 6.4x | 7.6x | 2.6x | - | 6.9x | 7.7x | 3.4x | - |
| P / S | 6134.0x | - | 645.1x | 655.3x | 135.2x | - | 2320.8x | 1082.6x | 306.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -95.8% | - | 1635.2% | 732.9% | 869.9% | - | -93.2% | -83.3% | -75.0% | - |
| Revenue CAGR (3y) | -53.2% | - | 202.8% | 43.1% | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -99.7% | - | 1405.0% | 1422.2% | 987.3% | - | -82.2% | 290.0% | -69.2% | - |
| Operating income growth (YoY) | -62.8% | - | -1212.7% | -2.9% | 19.7% | - | 55.9% | 25.4% | 20.7% | - |
| Net income growth (YoY) | -214.3% | - | -1465.5% | 36.1% | 15.5% | - | 8.7% | -190.0% | -51.2% | - |
| EPS growth (YoY) | -27.3% | - | -927.8% | 58.1% | 47.6% | - | 30.8% | -138.5% | -31.2% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -1283.6% | - | - | - | 31.8% | - | - | - | 24.4% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 65.7% | 88.9% | 417.7% | 408.2% | 462.9% | 562.0% | 51.1% | 23.9% | 14.3% | -18.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$31.48M totalPower Plant And NPMEngineering Design And Licensing Services And Fees$30.08M · 95.5%
E2 Centers$1.27M · 4.0%
Other$134.0K · 0.4%
Peer comparison
Same SIC group: Fabricated Plate Work (Boiler Shops)
Comparing NUSCALE POWER Corp against the 4 most active filers in the same SIC group.