NuScale Power Corporation

NYSE•SMR

CEO: Mr. John L. Hopkins

Sector: Utilities

Industry: Renewable Utilities

Listing Date: 2022-03-01

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs. The company was founded in 2007 and is headquartered in Portland, Oregon. NuScale Power Corporation operates as a subsidiary of Fluor Enterprises, Inc.

Contact Information

12725 SW 66th Avenue, Suite 107, Portland, OR, 97223, United States

971-371-1592

www.nuscalepower.com

Market Cap

$3.52B

P/E (TTM)

-5.4

43.3

Dividend Yield

52W High

$57.42

52W Low

$11.08

52W Range

Rank58Top 85.6%

2.3

F-Score

Modified Piotroski Analysis

Based on 7-year fundamentals

Weak • 2.3 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2019-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.81M+0.00%

4-Quarter Trend

EPS

-$0.16+0.00%

4-Quarter Trend

FCF

-$204.07M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

NRC Approves 77 MWe Design Finalized NRC review and approval for 6-unit, 77 MWe NPM design SDA, enabling expedited US licensing.

Milestone Contribution Recognized G&A expenses rose $533.9M, driven by $507.4M Milestone Contribution 1 expense related to ENTRA1 partnership.

Strong Cash Position Maintained Cash and equivalents reached $836.42M by year-end 2025, supported by significant financing proceeds utilized.

Internal Controls Fully Remediated Previously reported material weakness related to ITGC and key financial processes fully remediated as of December 31, 2025.

Risk Factors

Revenue Declines Post-Licensing Revenue fell to $31.48M in 2025 from $37.05M in 2024, primarily due to reduced RoPower TLA revenue recognition.

Net Loss Significantly Widens Net loss increased substantially to ($664.46M) in 2025, reflecting high upfront commercialization and partnership costs.

PMA Contributions Unsecured PMA requires substantial Milestone Contributions to ENTRA1 without guaranteed revenue generation or contract execution.

Constrained Supply Base Risk Ability to secure supplier commitments remains limited until binding delivery contracts are finalized, risking schedule and cost.

Outlook

Transitioning to Revenue Generation Focus shifting from R&D expenses to commercial contracts, expecting service revenue starting five years before plant operation.

Expanding International Market Continued dialogue with foreign governments via ENTRA1 partnership targets significant long-term international customer demand.

Developing Micro-Reactor Product Exploring innovative new products, including a micro-reactor design for niche markets like remote communities and military use.

Future Funding Requirements Expected Expect additional future funding needed for operations and commercialization; financing availability on acceptable terms is uncertain.

Peer Comparison

Revenue (TTM)

KEP

$68.92B

+5.6%

AES

$12.23B

-0.4%

SBS

$7.23B

+15.9%

Gross Margin (Latest Quarter)

LNT

42.0%

-4.2pp

SBS

31.8%

-41.6pp

EVRG

24.6%

+0.3pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
KEP	$20.83B	3.6	19.5%	52.2%
SBS	$19.11B	13.8	18.2%	36.4%
EVRG	$19.03B	22.3	8.5%	43.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-48.7%

Growth Under Pressure

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

Cash Flow Needs Attention

Deep Research

Next earnings:May 11, 2026

EPS:-$0.13

Revenue:$5.98M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data