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NuScale Power (SMR) Financials

NuScale Power logo
$9.66 -0.09 (-0.92%)
As of 09/4/2026 03:58 PM Eastern
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Annual Income Statements for NuScale Power

Annual Income Statements for NuScale Power

This table shows NuScale Power's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -88 -102 -26 -58 -137 -356
Consolidated Net Income / (Loss)		 -88 -102 -142 -180 -348 -664
Net Income / (Loss) Continuing Operations		 -88 -102 -142 -180 -348 -664
Total Pre-Tax Income 		-88 -102 -142 -180 -346 -664
Total Operating Income		 -159 -174 -230 -276 -139 -690
Total Gross Profit		 0.25 1.09 4.49 3.85 32 11
Total Revenue		 0.60 2.86 12 23 37 31
Operating Revenue		 0.60 2.86 12 23 37 31
Total Cost of Revenue		 0.36 1.77 7.32 19 4.94 20
Operating Cost of Revenue		 0.36 1.77 7.32 19 4.94 20
Total Operating Expenses		 159 175 234 279 171 701
Selling, General & Admin Expense		 64 81 107 123 124 655
Research & Development Expense		 95 94 128 156 47 46
Total Other Income / (Expense), net		 70 72 88 95 -208 25
Interest Expense		 - 1.72 - -61 -6.88 -0.15
Interest & Investment Income		 -0.65 - 3.76 11 8.39 25
Other Income / (Expense), net		 71 74 85 24 -223 0.00
Income Tax Expense		 0.00 0.00 0.00 0.00 1.94 0.34
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.00 -85 -122 -212 -309
Basic Earnings per Share		 $0.00 $0.00 ($0.51) ($0.80) ($1.47) ($2.17)
Weighted Average Basic Shares Outstanding		 0.00 0.00 50.76M 73.39M 93.25M 163.73M
Diluted Earnings per Share		 $0.00 $0.00 ($0.51) ($0.80) ($1.47) ($2.17)
Weighted Average Diluted Shares Outstanding		 0.00 0.00 50.76M 73.39M 93.25M 163.73M
Weighted Average Basic & Diluted Shares Outstanding		 - 28.75M 226.99M 234.29M 282.43M 338.02M

Quarterly Income Statements for NuScale Power

This table shows NuScale Power's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -19 -17 -28 -17 -75 -14 -18 -273 -51 -44 -48
Consolidated Net Income / (Loss)		 -56 -48 -74 -46 -180 -30 -38 -533 -64 -47 -50
Net Income / (Loss) Continuing Operations		 -56 -48 -74 -46 -180 -30 -38 -533 -64 -47 -50
Total Pre-Tax Income 		-56 -48 -74 -46 -178 -30 -38 -533 -64 -47 -50
Total Operating Income		 -71 -44 -42 -41 -12 -35 -43 -538 -73 -58 -64
Total Gross Profit		 0.72 0.64 0.12 0.18 31 7.00 1.78 2.71 -0.06 0.02 -0.15
Total Revenue		 4.56 1.38 0.97 0.48 34 13 8.05 8.24 1.81 0.57 0.08
Operating Revenue		 4.56 1.38 0.97 0.48 34 13 8.05 8.24 1.81 0.57 0.08
Total Cost of Revenue		 3.84 0.74 0.85 0.30 3.06 6.37 6.27 5.53 1.87 0.54 0.23
Operating Cost of Revenue		 3.84 0.74 0.85 0.30 3.06 6.37 6.27 5.53 1.87 0.54 0.23
Total Operating Expenses		 72 45 42 41 43 42 45 541 73 58 64
Selling, General & Admin Expense		 34 31 30 29 34 33 33 530 59 45 45
Research & Development Expense		 38 13 12 12 9.37 9.13 12 11 14 13 18
Total Other Income / (Expense), net		 15 -4.11 -33 -4.52 -167 5.27 5.47 5.79 8.91 11 14
Interest Expense		 -18 -3.40 -2.45 -0.66 2.89 - - -0.03 -0.03 - 0.00
Interest & Investment Income		 - 1.54 1.73 2.01 - 5.21 5.45 5.76 8.88 11 14
Income Tax Expense		 - 0.00 0.00 0.01 1.92 0.34 0.00 0.00 - 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 -38 -32 -47 -28 -105 -16 -20 -259 -13 -2.67 -2.52
Basic Earnings per Share		 ($0.25) ($0.21) ($0.31) ($0.18) ($0.77) ($0.11) ($0.13) ($1.85) ($0.08) ($0.14) ($0.13)
Weighted Average Basic Shares Outstanding		 73.39M 79.59M 89.55M 95.20M 93.25M 127.72M 133.42M 147.69M 163.73M 319.71M 364.52M
Diluted Earnings per Share		 ($0.25) ($0.21) ($0.31) ($0.18) ($0.77) ($0.11) ($0.13) ($1.85) ($0.08) ($0.14) ($0.13)
Weighted Average Diluted Shares Outstanding		 73.39M 79.59M 89.55M 95.20M 93.25M 127.72M 133.42M 147.69M 163.73M 319.71M 364.52M
Weighted Average Basic & Diluted Shares Outstanding		 234.29M 243.01M 249.18M 255.36M 282.43M 284.39M 284.88M 298.48M 338.02M 365.48M 429.72M

Annual Cash Flow Statements for NuScale Power

This table details how cash moves in and out of NuScale Power's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -12 72 167 -119 281 435
Net Cash From Operating Activities		 -47 -99 -149 -183 -109 -460
Net Cash From Continuing Operating Activities		 -47 -99 -149 -183 -109 -460
Net Income / (Loss) Continuing Operations		 -88 -102 -142 -180 -348 -664
Consolidated Net Income / (Loss)		 -88 -102 -142 -180 -348 -664
Depreciation Expense		 1.90 2.02 2.52 2.38 1.67 1.00
Amortization Expense		 0.18 0.18 0.18 0.18 0.18 0.18
Non-Cash Adjustments To Reconcile Net Income		 5.91 8.07 -0.43 -43 231 1.95
Changes in Operating Assets and Liabilities, net		 33 -6.93 -9.30 37 7.31 202
Net Cash From Investing Activities		 -3.53 -1.95 -52 48 -40 -411
Net Cash From Continuing Investing Activities		 -3.53 -1.95 -52 48 -40 -411
Purchase of Property, Plant & Equipment		 -3.53 -1.95 -2.33 -1.73 -0.04 -0.51
Purchase of Investments		 0.00 0.00 -50 0.00 -65 -667
Sale and/or Maturity of Investments		 - - 0.00 50 25 256
Other Investing Activities, net		 - - 0.00 0.00 0.20 0.00
Net Cash From Financing Activities		 38 173 368 16 430 1,306
Net Cash From Continuing Financing Activities		 38 173 368 16 430 1,306
Payment of Dividends		 - - 0.00 0.00 -2.62 -0.42
Issuance of Common Equity		 0.00 0.11 0.02 9.84 205 1,300
Other Financing Activities, net		 0.04 0.75 369 6.29 228 6.42
Cash Income Taxes Paid		 - - 0.00 0.00 3.22 2.30

Quarterly Cash Flow Statements for NuScale Power

This table details how cash moves in and out of NuScale Power's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 -71 12 -1.06 -19 290 90 -194 110 429 -495 430
Net Cash From Operating Activities		 -73 -33 -36 -13 -26 -23 -33 -200 -204 -315 -58
Net Cash From Continuing Operating Activities		 -73 -33 -36 -13 -26 -23 -33 -200 -204 -315 -58
Net Income / (Loss) Continuing Operations		 -56 -48 -74 -46 -180 -30 -38 -533 -64 -47 -50
Consolidated Net Income / (Loss)		 -56 -48 -74 -46 -180 -30 -38 -533 -64 -47 -50
Depreciation Expense		 0.57 0.49 0.40 0.39 0.38 0.31 0.26 0.38 0.09 0.31 0.33
Non-Cash Adjustments To Reconcile Net Income		 -9.25 7.45 36 31 153 2.85 -14 5.83 7.34 3.91 3.05
Changes in Operating Assets and Liabilities, net		 -8.13 6.61 1.98 1.79 0.87 4.45 18 327 -148 -272 -12
Net Cash From Investing Activities		 -0.05 0.00 0.20 -45 4.96 9.93 -162 -154 -105 -218 -459
Net Cash From Continuing Investing Activities		 -0.05 0.00 0.20 -45 4.96 9.93 -162 -154 -105 -218 -459
Purchase of Property, Plant & Equipment		 -0.05 0.00 - - -0.04 -0.07 - - -0.37 -1.52 -0.43
Purchase of Investments		 - 0.00 - - -20 -10 -162 -281 -214 -446 -878
Sale and/or Maturity of Investments		 - 0.00 - - 25 20 - 127 109 229 419
Net Cash From Financing Activities		 1.99 45 35 38 311 103 1.75 464 737 38 947
Net Cash From Continuing Financing Activities		 1.99 45 35 38 311 103 1.75 464 737 38 947
Issuance of Common Equity		 1.97 42 31 31 101 100 - 463 737 37 947
Other Financing Activities, net		 0.03 3.60 3.75 7.22 213 2.96 1.75 1.19 0.52 0.53 0.10

Annual Balance Sheets for NuScale Power

This table presents NuScale Power's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 234 121 349 225 545 1,413
Total Current Assets		 2.14 86 284 155 471 1,273
Cash & Equivalents		 1.91 77 218 120 402 836
Restricted Cash		 - - 0.00 5.10 5.10 5.10
Short-Term Investments		 - 0.00 50 0.00 40 418
Accounts Receivable		 - 4.83 11 10 21 8.38
Prepaid Expenses		 0.24 4.15 5.53 19 3.38 4.88
Plant, Property, & Equipment, net		 0.00 4.96 4.77 4.12 2.42 1.92
Total Noncurrent Assets		 232 30 59 66 71 138
Long-Term Investments		 - - - - 0.00 33
Goodwill		 - 8.26 8.26 8.26 8.26 8.26
Intangible Assets		 - 1.24 1.06 0.88 0.70 0.53
Other Noncurrent Operating Assets		 232 21 50 57 62 96
Total Liabilities & Shareholders' Equity		 234 121 349 225 545 1,413
Total Liabilities		 42 53 72 96 92 299
Total Current Liabilities		 0.05 48 39 87 90 296
Accounts Payable		 0.00 22 28 45 48 287
Current Deferred Revenue		 - - - 0.00 0.76 0.61
Current Employee Benefit Liabilities		 - 11 9.04 8.55 7.33 8.28
Other Current Liabilities		 - 1.44 1.57 34 34 0.65
Total Noncurrent Liabilities		 42 4.39 33 8.06 1.83 2.91
Noncurrent Deferred Revenue		 - 1.42 0.86 0.90 0.18 0.34
Other Noncurrent Operating Liabilities		 42 2.98 32 7.16 1.65 2.57
Total Equity & Noncontrolling Interests		 -40 66 277 129 453 1,114
Total Preferred & Common Equity		 -40 66 115 93 619 1,169
Total Common Equity		 -40 -753 115 93 619 1,169
Common Stock		 0.00 28 297 334 996 1,902
Retained Earnings		 -40 -782 -182 -240 -377 -733
Noncontrolling Interest		 - 0.00 162 36 -166 -55

Quarterly Balance Sheets for NuScale Power

This table presents NuScale Power's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 332 309 309 230 229 253 618 606 883 1,148 2,049
Total Current Assets		 246 188 159 157 156 181 543 443 720 908 1,101
Cash & Equivalents		 218 154 117 132 131 112 491 298 408 341 766
Restricted Cash		 - - - 5.10 5.10 5.10 5.10 5.10 5.10 5.10 5.10
Short-Term Investments		 0.00 0.00 0.00 - - 45 30 123 284 549 306
Accounts Receivable		 21 25 20 5.10 8.38 7.91 13 13 15 8.47 13
Prepaid Expenses		 7.30 8.73 21 15 12 11 3.55 3.92 7.75 4.77 11
Plant, Property, & Equipment, net		 4.51 5.24 4.63 3.55 3.15 2.76 2.28 1.85 2.12 3.18 3.32
Total Noncurrent Assets		 81 116 145 69 70 70 72 162 161 237 945
Long-Term Investments		 - - - - - - - 69 62 119 821
Goodwill		 8.26 8.26 8.26 8.26 8.26 8.26 8.26 8.26 8.26 8.26 8.26
Intangible Assets		 1.02 0.97 0.93 0.84 0.79 0.75 0.66 0.62 0.57 0.48 0.44
Other Noncurrent Operating Assets		 72 107 136 60 61 61 63 84 90 109 115
Total Liabilities & Shareholders' Equity		 332 309 309 230 229 253 618 606 883 1,148 2,049
Total Liabilities		 86 85 129 101 136 163 89 108 448 38 36
Total Current Liabilities		 52 36 81 85 59 81 87 105 446 31 29
Accounts Payable		 44 28 36 46 19 18 48 65 403 22 20
Current Deferred Revenue		 - - - - - - 0.57 0.30 0.63 1.41 0.24
Current Employee Benefit Liabilities		 6.44 6.40 9.59 5.41 5.73 7.75 5.61 6.30 8.70 7.24 8.31
Other Current Liabilities		 1.51 1.67 36 34 34 35 33 34 33 0.73 0.76
Total Noncurrent Liabilities		 34 49 47 16 77 83 1.36 2.66 2.69 7.49 6.47
Noncurrent Deferred Revenue		 1.08 24 33 0.21 0.08 0.08 0.35 0.34 0.48 0.31 0.51
Other Noncurrent Operating Liabilities		 33 25 14 16 77 83 1.01 2.32 2.21 7.19 5.96
Total Equity & Noncontrolling Interests		 247 224 180 129 93 90 529 499 435 1,110 2,014
Total Preferred & Common Equity		 109 110 106 125 136 160 704 693 829 1,167 2,061
Total Common Equity		 109 110 106 125 136 160 704 693 829 1,167 2,061
Common Stock		 303 313 328 382 421 462 1,095 1,102 1,511 1,944 2,886
Retained Earnings		 -193 -203 -222 -257 -285 -302 -391 -409 -682 -777 -824
Noncontrolling Interest		 137 114 74 3.63 -43 -70 -175 -194 -394 -57 -48

Annual Metrics And Ratios for NuScale Power

This table displays calculated financial ratios and metrics derived from NuScale Power's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 377.00% 312.44% 93.24% 62.41% -15.03%
EBITDA Growth		 0.00% -15.09% -44.69% -74.84% -44.31% -91.28%
EBIT Growth		 0.00% -14.87% -44.21% -73.35% -43.58% -90.63%
NOPAT Growth		 0.00% -9.73% -31.95% -19.81% 49.66% -397.08%
Net Income Growth		 0.00% -15.96% -38.13% -27.22% -93.42% -90.73%
EPS Growth		 0.00% 0.00% 0.00% -56.86% -83.75% -47.62%
Operating Cash Flow Growth		 0.00% -109.93% -49.86% -23.31% 40.70% -322.96%
Free Cash Flow Firm Growth		 0.00% 0.00% -360.24% -13.58% 46.87% -198.72%
Invested Capital Growth		 0.00% -97.20% 75.90% -57.74% 62.70% -2,864.85%
Revenue Q/Q Growth		 0.00% 0.00% 11.79% 5.17% 401.90% -50.73%
EBITDA Q/Q Growth		 0.00% 0.00% 5.11% -14.91% -80.62% 13.69%
EBIT Q/Q Growth		 0.00% 0.00% 4.94% -14.70% -79.71% 13.67%
NOPAT Q/Q Growth		 0.00% 0.00% 7.94% -1.35% 29.91% -9.68%
Net Income Q/Q Growth		 0.00% 0.00% 7.97% -5.42% -55.17% 14.92%
EPS Q/Q Growth		 0.00% 0.00% 42.70% -3.90% -54.74% 24.13%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -13.88% -19.06% 30.10% -62.80%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 25.50% -1,988.81% -58.56%
Invested Capital Q/Q Growth		 0.00% 0.00% 972.06% -93.61% 109.03% 44.85%
Profitability Metrics		 - - - - - -
Gross Margin		 40.83% 38.16% 38.01% 16.87% 86.67% 36.31%
EBITDA Margin		 -14,276.00% -3,444.55% -1,208.36% -1,093.30% -971.47% -2,186.82%
Operating Margin		 -26,473.83% -6,090.15% -1,948.45% -1,208.09% -374.48% -2,190.57%
EBIT Margin		 -14,622.33% -3,521.24% -1,231.22% -1,104.51% -976.44% -2,190.57%
Profit (Net Income) Margin		 -14,731.17% -3,581.17% -1,199.36% -789.63% -940.44% -2,110.81%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.56% 100.05%
Interest Burden Percent		 100.74% 101.70% 97.41% 71.49% 95.78% 96.31%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -58.28% -124.42% -2,183.45% -2,884.42% -1,860.83% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1,254.45% -184.51% -2,195.19% -2,890.92% -1,772.97% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 12.41% 45.91% 2,101.49% 2,795.78% 1,741.21% 0.00%
Return on Equity (ROE)		 -45.87% -78.51% -81.96% -88.63% -119.63% -84.82%
Cash Return on Invested Capital (CROIC)		 0.00% 64.68% -2,238.47% -2,803.24% -1,908.57% 0.00%
Operating Return on Assets (OROA)		 -37.42% -56.67% -61.87% -87.86% -94.01% -70.47%
Return on Assets (ROA)		 -37.70% -57.64% -60.27% -62.81% -90.55% -67.90%
Return on Common Equity (ROCE)		 9.43% 238.49% 151.53% -45.39% -146.26% -96.78%
Return on Equity Simple (ROE_SIMPLE)		 223.12% -154.69% -123.45% -192.73% -56.31% 0.00%
Net Operating Profit after Tax (NOPAT)		 -111 -122 -161 -193 -97 -483
NOPAT Margin		 -18,531.68% -4,263.10% -1,363.91% -845.66% -262.13% -1,533.40%
Net Nonoperating Expense Percent (NNEP)		 1,196.17% 60.09% 11.75% 6.50% -87.86% -20.91%
Return On Investment Capital (ROIC_SIMPLE)		 - - -58.10% -149.14% -21.43% -43.35%
Cost of Revenue to Revenue		 59.17% 61.84% 61.99% 83.13% 13.33% 63.69%
SG&A Expenses to Revenue		 10,636.83% 2,830.33% 904.95% 540.83% 334.77% 2,082.25%
R&D to Revenue		 15,877.83% 3,297.97% 1,081.51% 684.13% 126.38% 144.64%
Operating Expenses to Revenue		 26,514.67% 6,128.30% 1,986.46% 1,224.96% 461.15% 2,226.89%
Earnings before Interest and Taxes (EBIT)		 -88 -101 -145 -252 -362 -690
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -86 -99 -143 -249 -360 -688
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 20.20 8.14 7.40 3.62
Price to Tangible Book Value (P/TBV)		 0.00 0.00 21.99 9.03 7.51 3.65
Price to Revenue (P/Rev)		 337.33 100.76 196.25 33.37 123.60 134.36
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.27 195.91 235.19 169.04 613.62 0.00
Enterprise Value to Revenue (EV/Rev)		 721.32 365.88 187.33 29.44 107.07 91.55
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 16.51 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.21 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.01 -0.25 -0.96 -0.97 -0.98 -1.11
Leverage Ratio		 1.22 1.36 1.36 1.41 1.32 1.25
Compound Leverage Factor		 1.23 1.39 1.32 1.01 1.27 1.20
Debt to Total Capital		 0.00% 17.03% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 17.03% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 994.30% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 120.56% 2.60% 58.61% 27.74% -36.54% -4.97%
Common Equity to Total Capital		 -20.56% -913.93% 41.39% 72.26% 136.54% 104.97%
Debt to EBITDA		 0.00 -0.14 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.64 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 -0.12 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.52 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 1.45 -8.10 18.20 0.05 27.75 7.00
Noncontrolling Interest Sharing Ratio		 120.56% 403.75% 284.89% 48.79% -22.27% -14.10%
Liquidity Ratios		 - - - - - -
Current Ratio		 42.93 1.78 7.38 1.77 5.25 4.30
Quick Ratio		 38.18 1.69 7.23 1.49 5.16 4.26
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 63 -165 -187 -100 -298
Operating Cash Flow to CapEx		 -1,339.62% -5,080.02% -6,372.60% -10,623.42% -246,968.18% -90,474.41%
Free Cash Flow to Firm to Interest Expense		 0.00 36.98 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 -57.82 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -58.96 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.02 0.05 0.08 0.10 0.03
Accounts Receivable Turnover		 0.00 0.00 1.47 2.14 2.37 2.14
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 2.43 5.13 11.33 14.49
Accounts Payable Turnover		 0.00 0.00 0.29 0.52 0.11 0.12
Days Sales Outstanding (DSO)		 0.00 0.00 247.87 170.63 153.86 170.92
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 1,255.23 701.43 3,433.08 3,044.66
Cash Conversion Cycle (CCC)		 0.00 0.00 -1,007.36 -530.81 -3,279.23 -2,873.74
Capital & Investment Metrics		 - - - - - -
Invested Capital		 191 5.35 9.40 3.97 6.46 -179
Invested Capital Turnover		 0.00 0.03 1.60 3.41 7.10 -0.37
Increase / (Decrease) in Invested Capital		 0.00 -185 4.06 -5.43 2.49 -185
Enterprise Value (EV)		 433 1,047 2,211 672 3,966 2,882
Market Capitalization		 202 288 2,317 761 4,579 4,229
Book Value per Share		 ($1.98) ($26.21) $0.51 $0.40 $2.42 $3.92
Tangible Book Value per Share		 ($1.98) ($26.54) $0.47 $0.36 $2.39 $3.89
Total Capital		 193 82 277 129 453 1,114
Total Debt		 0.00 14 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -1.91 -63 -268 -125 -447 -1,292
Capital Expenditures (CapEx)		 3.53 1.95 2.33 1.73 0.04 0.51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.19 -25 -22 -58 -65 -283
Debt-free Net Working Capital (DFNWC)		 2.09 52 246 67 381 977
Net Working Capital (NWC)		 2.09 38 246 67 381 977
Net Nonoperating Expense (NNE)		 -23 -20 -19 -13 251 182
Net Nonoperating Obligations (NNO)		 -1.91 -63 -268 -125 -447 -1,292
Total Depreciation and Amortization (D&A)		 2.08 2.20 2.70 2.56 1.84 1.18
Debt-free, Cash-free Net Working Capital to Revenue		 31.19% -887.04% -184.91% -255.49% -176.11% -898.38%
Debt-free Net Working Capital to Revenue		 348.92% 1,806.67% 2,082.84% 294.12% 1,029.60% 3,102.12%
Net Working Capital to Revenue		 348.92% 1,316.07% 2,082.84% 294.12% 1,029.60% 3,102.12%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.22 ($0.51) ($0.80) ($1.47) ($2.17)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 28.75M 50.76M 73.39M 93.25M 163.73M
Adjusted Diluted Earnings per Share		 $0.00 $0.22 ($0.51) ($0.80) ($1.47) ($2.17)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 28.75M 50.76M 73.39M 93.25M 163.73M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 28.75M 226.99M 234.29M 282.43M 338.02M
Normalized Net Operating Profit after Tax (NOPAT)		 -111 -122 -161 -193 -97 -483
Normalized NOPAT Margin		 -18,531.68% -4,263.10% -1,363.91% -845.66% -262.13% -1,533.40%
Pre Tax Income Margin		 -14,731.17% -3,581.17% -1,199.36% -789.63% -935.22% -2,109.72%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 0.00 -58.76 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 -71.14 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 -59.90 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 -72.28 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% -0.75% -0.06%
Augmented Payout Ratio		 -0.06% -0.02% -0.40% 0.00% -0.75% -0.06%

Quarterly Metrics And Ratios for NuScale Power

This table displays calculated financial ratios and metrics derived from NuScale Power's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 338,016,328.00 365,481,156.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 338,016,328.00 365,481,156.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.13 -0.13
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 32.64% -74.95% -83.31% -93.17% 650.53% 869.91% 732.89% 1,635.16% -94.72% -95.78% -99.07%
EBITDA Growth		 -65.39% -37.94% -61.76% 41.13% -121.68% 33.29% 45.27% -1,028.41% 60.01% -63.69% -48.91%
EBIT Growth		 -64.35% -36.97% -60.69% 41.09% -120.55% 33.37% 45.20% -1,016.86% 60.02% -63.11% -48.63%
NOPAT Growth		 -5.45% 20.73% 25.38% 55.85% 83.32% 19.66% -2.88% -1,212.66% -513.43% -62.83% -48.56%
Net Income Growth		 -19.61% -35.02% -150.35% 21.90% -219.46% 36.78% 49.48% -1,069.26% 64.61% -53.59% -33.11%
EPS Growth		 -13.64% -31.25% -138.46% 30.77% -208.00% 47.62% 58.06% -927.78% 89.61% -27.27% 0.00%
Operating Cash Flow Growth		 -66.84% 22.37% 8.15% 54.01% 63.92% 31.96% 7.52% -1,469.76% -671.11% -1,281.01% -74.61%
Free Cash Flow Firm Growth		 13.50% -94.47% 164.92% 183.16% 75.65% -683.55% -192.22% -218.45% 1,344.53% -269.44% -103.98%
Invested Capital Growth		 -57.74% -129.40% -161.21% -215.16% 62.70% 135.29% 109.01% -352.58% -2,864.85% 3,140.01% 2,903.12%
Revenue Q/Q Growth		 -34.39% -69.76% -29.88% -50.88% 7,105.05% -60.92% -39.78% 2.33% -78.06% -68.75% -86.73%
EBITDA Q/Q Growth		 -0.87% -26.16% -48.93% 38.88% -279.85% 80.70% -22.17% -1,157.82% 86.50% 21.23% -11.29%
EBIT Q/Q Growth		 -0.77% -25.60% -48.27% 38.67% -277.28% 80.58% -21.95% -1,149.80% 86.49% 20.90% -11.27%
NOPAT Q/Q Growth		 23.53% 38.12% 4.76% 2.05% 71.10% -197.99% -21.95% -1,149.80% 86.49% 20.90% -11.26%
Net Income Q/Q Growth		 3.23% 14.82% -54.82% 38.80% -295.83% 83.14% -23.73% -1,316.27% 88.02% 26.84% -7.24%
EPS Q/Q Growth		 3.85% 16.00% -47.62% 41.94% -327.78% 85.71% -18.18% -1,323.08% 95.68% -75.00% 7.14%
Operating Cash Flow Q/Q Growth		 -164.54% 54.26% -7.59% 64.68% -107.55% 13.74% -46.23% -499.62% -1.95% -54.48% 81.51%
Free Cash Flow Firm Q/Q Growth		 64.93% 113.96% 1,245.27% 26.28% -110.27% -234.51% -112.59% -62.20% 207.90% -199.30% -17.38%
Invested Capital Q/Q Growth		 -93.61% -311.40% -408.67% -67.60% 109.03% -54.15% 29.82% -8,521.52% 44.85% 153.73% 20.33%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 15.79% 46.70% 12.10% 37.89% 91.07% 52.35% 22.11% 32.87% -3.37% 3.72% -202.67%
EBITDA Margin		 -1,795.13% -3,805.95% -8,083.14% -10,057.26% -530.22% -261.79% -531.13% -6,528.25% -4,017.09% -10,125.84% -84,892.00%
Operating Margin		 -1,558.25% -3,188.76% -4,330.71% -8,635.58% -34.64% -264.13% -534.91% -6,532.88% -4,022.23% -10,181.24% -85,337.33%
EBIT Margin		 -1,808.53% -3,844.67% -8,129.37% -10,149.47% -531.45% -264.13% -534.91% -6,532.88% -4,022.23% -10,180.53% -85,337.33%
Profit (Net Income) Margin		 -1,237.79% -3,486.58% -7,697.83% -9,590.32% -526.87% -227.25% -466.96% -6,462.58% -3,529.42% -8,262.83% -66,750.67%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.03% 101.08% 101.14% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 68.44% 90.69% 94.69% 94.47% 98.08% 85.07% 87.30% 98.92% 87.75% 81.16% 78.22%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -3,720.45% -4,135.77% -3,103.17% 0.00% -172.13% 0.00% 0.00% 0.00% 0.00% -2,687.96% -10,695.75%
ROIC Less NNEP Spread (ROIC-NNEP)		 -3,717.04% -4,126.04% -3,072.09% 0.00% -111.99% 0.00% 0.00% 0.00% 0.00% -2,687.13% -10,695.31%
Return on Net Nonoperating Assets (RNNOA)		 3,594.71% 3,904.38% 2,810.16% 0.00% 109.98% 0.00% 0.00% 0.00% 0.00% 2,524.86% 10,187.02%
Return on Equity (ROE)		 -125.73% -231.39% -293.01% -166.45% -62.15% -100.49% -99.25% -297.54% -84.82% -163.10% -508.74%
Cash Return on Invested Capital (CROIC)		 -2,803.24% 0.00% 0.00% 0.00% -1,908.57% -3,455.41% -3,598.47% 0.00% 0.00% -1,194.58% -1,046.15%
Operating Return on Assets (OROA)		 -143.86% -255.54% -418.20% -266.69% -51.17% -30.55% -71.85% -734.62% -129.39% -215.19% -687.03%
Return on Assets (ROA)		 -98.46% -231.74% -396.00% -251.99% -50.73% -26.29% -62.73% -726.72% -113.53% -174.66% -537.39%
Return on Common Equity (ROCE)		 -64.39% -144.55% -227.37% -164.11% -75.99% -126.58% -138.98% -560.45% -96.78% -186.13% -557.67%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -153.99% -174.06% -140.26% 0.00% -46.97% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -50 -31 -29 -29 -8.30 -25 -30 -377 -51 -40 -45
NOPAT Margin		 -1,090.77% -2,232.13% -3,031.50% -6,044.91% -24.25% -184.89% -374.44% -4,573.02% -2,815.56% -7,126.87% -59,736.13%
Net Nonoperating Expense Percent (NNEP)		 -3.41% -9.74% -31.07% -12.06% -60.14% -1.71% -2.36% -33.83% -1.48% -0.83% -0.44%
Return On Investment Capital (ROIC_SIMPLE)		 -38.46% - - - -1.83% -4.67% -6.05% -86.68% -4.57% -3.63% -2.22%
Cost of Revenue to Revenue		 84.21% 53.30% 87.90% 62.11% 8.93% 47.65% 77.89% 67.13% 103.37% 96.28% 302.67%
SG&A Expenses to Revenue		 744.58% 2,281.51% 3,088.21% 6,113.47% 98.33% 248.21% 410.49% 6,431.63% 3,269.69% 7,918.58% 60,562.67%
R&D to Revenue		 829.45% 953.95% 1,254.60% 2,560.00% 27.38% 68.27% 146.54% 134.12% 749.17% 2,266.37% 24,572.00%
Operating Expenses to Revenue		 1,574.04% 3,235.46% 4,342.81% 8,673.47% 125.71% 316.48% 557.03% 6,565.75% 4,018.86% 10,184.96% 85,134.67%
Earnings before Interest and Taxes (EBIT)		 -82 -53 -79 -48 -182 -35 -43 -538 -73 -58 -64
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -82 -52 -78 -48 -181 -35 -43 -538 -73 -57 -64
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.14 9.95 20.84 18.03 7.40 5.68 16.24 12.38 3.62 3.14 1.78
Price to Tangible Book Value (P/TBV)		 9.03 10.73 22.32 19.10 7.51 5.75 16.45 12.51 3.65 3.16 1.79
Price to Revenue (P/Rev)		 33.37 66.58 205.02 390.94 123.60 81.55 200.45 160.51 134.36 196.27 342.92
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 169.04 0.00 0.00 0.00 613.62 1,112.74 2,744.69 0.00 0.00 27.00 14.88
Enterprise Value to Revenue (EV/Rev)		 29.44 59.44 192.10 359.55 107.07 67.25 188.17 142.46 91.55 138.91 160.90
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.97 -0.95 -0.91 -1.03 -0.98 -1.01 -1.07 -1.75 -1.11 -0.94 -0.95
Leverage Ratio		 1.41 1.50 1.70 2.08 1.32 1.29 1.41 2.16 1.25 1.08 1.06
Compound Leverage Factor		 0.97 1.36 1.61 1.97 1.30 1.10 1.23 2.14 1.10 0.87 0.83
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 27.74% 2.82% -46.10% -77.61% -36.54% -32.96% -38.89% -90.59% -4.97% -5.13% -2.37%
Common Equity to Total Capital		 72.26% 97.18% 146.10% 177.61% 136.54% 132.96% 138.89% 190.59% 104.97% 105.13% 102.37%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 2.53 5.51 10.24 8.82 28.84 26.97 62.32 11.08 8.44 57.03 61.86
Noncontrolling Interest Sharing Ratio		 48.79% 37.53% 22.40% 1.40% -22.27% -25.97% -40.03% -88.36% -14.10% -14.12% -9.62%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.77 1.84 2.66 2.24 5.25 6.23 4.22 1.62 4.30 29.36 37.88
Quick Ratio		 1.49 1.61 2.37 2.04 5.16 6.13 4.13 1.59 4.26 29.05 37.34
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -44 6.18 83 105 -11 -36 -77 -124 134 -133 -157
Operating Cash Flow to CapEx		 -143,552.94% 0.00% 0.00% 0.00% -60,038.64% -34,008.96% 0.00% 0.00% -55,505.18% -20,675.30% -13,499.30%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -3.74 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 -9.15 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -9.17 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.08 0.07 0.05 0.03 0.10 0.12 0.13 0.11 0.03 0.02 0.01
Accounts Receivable Turnover		 2.14 1.43 0.83 0.53 2.37 5.32 5.30 5.53 2.14 1.71 0.82
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 5.13 4.64 3.30 2.00 11.33 16.80 22.47 26.22 14.49 6.83 4.14
Accounts Payable Turnover		 0.52 0.36 0.48 0.21 0.11 0.23 0.38 0.10 0.12 0.41 0.19
Days Sales Outstanding (DSO)		 170.63 254.89 438.53 694.84 153.86 68.63 68.84 65.98 170.92 213.17 443.63
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 701.43 1,004.30 757.46 1,715.79 3,433.08 1,612.90 955.13 3,620.71 3,044.66 887.75 1,884.46
Cash Conversion Cycle (CCC)		 -530.81 -749.41 -318.92 -1,020.95 -3,279.23 -1,544.28 -886.29 -3,554.74 -2,873.74 -674.59 -1,440.83
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 3.97 -8.40 -43 -72 6.46 2.96 3.85 -324 -179 96 116
Invested Capital Turnover		 3.41 1.85 1.02 -1.57 7.10 -18.05 -2.89 -0.32 -0.37 0.38 0.18
Increase / (Decrease) in Invested Capital		 -5.43 -37 -113 -134 2.49 11 47 -252 -185 93 112
Enterprise Value (EV)		 672 1,111 2,662 2,654 3,966 3,298 10,562 9,103 2,882 2,593 1,720
Market Capitalization		 761 1,244 2,841 2,886 4,579 3,999 11,251 10,256 4,229 3,664 3,666
Book Value per Share		 $0.40 $0.53 $0.56 $0.64 $2.42 $2.49 $2.44 $2.91 $3.92 $3.45 $5.64
Tangible Book Value per Share		 $0.36 $0.50 $0.52 $0.61 $2.39 $2.46 $2.41 $2.88 $3.89 $3.43 $5.62
Total Capital		 129 129 93 90 453 529 499 435 1,114 1,110 2,014
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -125 -137 -136 -162 -447 -527 -495 -759 -1,292 -1,014 -1,898
Capital Expenditures (CapEx)		 0.05 0.00 0.00 0.00 0.04 0.07 0.00 0.00 0.37 1.52 0.43
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -58 -65 -39 -62 -65 -70 -88 -423 -283 -18 -5.22
Debt-free Net Working Capital (DFNWC)		 67 72 97 100 381 456 338 274 977 878 1,072
Net Working Capital (NWC)		 67 72 97 100 381 456 338 274 977 878 1,072
Net Nonoperating Expense (NNE)		 6.70 17 45 17 172 5.67 7.45 156 13 6.42 5.26
Net Nonoperating Obligations (NNO)		 -125 -137 -136 -162 -447 -527 -495 -759 -1,292 -1,014 -1,898
Total Depreciation and Amortization (D&A)		 0.61 0.53 0.45 0.44 0.42 0.31 0.31 0.38 0.09 0.31 0.33
Debt-free, Cash-free Net Working Capital to Revenue		 -255.49% -350.17% -278.41% -836.36% -176.11% -143.48% -157.16% -661.55% -898.38% -94.82% -48.87%
Debt-free Net Working Capital to Revenue		 294.12% 383.56% 703.36% 1,354.78% 1,029.60% 930.15% 601.54% 429.13% 3,102.12% 4,700.45% 10,028.29%
Net Working Capital to Revenue		 294.12% 383.56% 703.36% 1,354.78% 1,029.60% 930.15% 601.54% 429.13% 3,102.12% 4,700.45% 10,028.29%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.25) ($0.21) ($0.31) ($0.18) ($0.77) ($0.11) ($0.13) ($1.85) ($0.08) ($0.14) ($0.13)
Adjusted Weighted Average Basic Shares Outstanding		 73.39M 79.59M 89.55M 95.20M 93.25M 127.72M 133.42M 147.69M 163.73M 319.71M 364.52M
Adjusted Diluted Earnings per Share		 ($0.25) ($0.21) ($0.31) ($0.18) ($0.77) ($0.11) ($0.13) ($1.85) ($0.08) ($0.14) ($0.13)
Adjusted Weighted Average Diluted Shares Outstanding		 73.39M 79.59M 89.55M 95.20M 93.25M 127.72M 133.42M 147.69M 163.73M 319.71M 364.52M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 234.29M 243.01M 249.18M 255.36M 282.43M 284.39M 284.88M 298.48M 338.02M 365.48M 429.72M
Normalized Net Operating Profit after Tax (NOPAT)		 -50 -31 -29 -29 -8.30 -25 -30 -377 -51 -40 -45
Normalized NOPAT Margin		 -1,090.77% -2,232.13% -3,031.50% -6,044.91% -24.25% -184.89% -374.44% -4,573.02% -2,815.56% -7,126.87% -59,736.13%
Pre Tax Income Margin		 -1,237.79% -3,486.58% -7,697.83% -9,587.79% -521.25% -224.70% -466.96% -6,462.58% -3,529.42% -8,262.83% -66,750.67%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 -63.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 -2.87 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -63.02 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -2.89 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% -0.75% 0.00% 0.00% 0.00% -0.06% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% -0.75% 0.00% 0.00% 0.00% -0.06% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

NuScale Power’s Q2 2026 statements show a stronger liquidity position, but the company remains far from profitability. Revenue was just $75,000, down from $565,000 in Q1 2026 and $8.1 million in the restated Q2 2025. Gross profit was negative $152,000, while the operating loss widened to $64.0 million from $57.5 million in Q1.

The company’s bottom line remains under pressure. Net loss attributable to common shareholders was $47.5 million, or $0.13 per share, compared with a $44.0 million loss, or $0.14 per share, in Q1 2026. Interest and investment income of $13.9 million helped offset operating losses, but it was not enough to prevent a $50.1 million consolidated net loss.

NuScale’s balance sheet improved substantially during the quarter. Cash and equivalents increased to $766.5 million from $341.1 million in Q1, while short-term investments stood at $305.7 million. Including restricted cash and long-term investments, the company held approximately $1.9 billion in cash and investment assets at June 30, 2026. Total liabilities were only $35.5 million against $2.05 billion of assets.

  • Liquidity strengthened significantly: Cash, restricted cash and short-term investments totaled approximately $1.08 billion at the end of Q2 2026, compared with about $426 million a year earlier. Long-term investments added another $820.8 million.
  • Low balance-sheet leverage: Total liabilities were $35.5 million, or less than 2% of total assets. The company’s latest balance sheet does not show a material short-term or long-term debt burden.
  • Operating cash burn improved sequentially: Cash used in operating activities declined to $58.2 million in Q2 from $314.7 million in Q1 2026. The Q1 figure was heavily affected by a $272.2 million unfavorable change in operating assets and liabilities.
  • Investment income is becoming more meaningful: Interest and investment income increased to $13.9 million in Q2 2026 from $10.8 million in Q1 and $5.5 million in the restated Q2 2025, providing some support while operations remain unprofitable.
  • Investment activity drove major cash movements: NuScale purchased $877.6 million of investments and sold or matured $418.7 million during Q2. The resulting $459.3 million investing cash outflow appears primarily related to portfolio allocation rather than heavy capital spending, as capital expenditures were only $431,000.
  • Reported results contain significant restatements and calculated periods: Several 2024 and 2025 income and cash-flow figures are identified as restated or calculated. Investors should rely on the latest filings when comparing historical trends.
  • Revenue has deteriorated sharply: Quarterly revenue fell from $34.2 million in Q4 2024 to $8.1 million in Q2 2025 and only $75,000 in Q2 2026. The figures do not yet demonstrate a consistent commercial revenue base.
  • NuScale continues to generate large operating losses: Operating expenses reached $63.9 million in Q2 2026 despite minimal revenue. The company has reported operating losses in every period provided, and retained earnings were negative $824.4 million at quarter-end.
  • Cash flow remains dependent on financing: Q2’s $429.8 million increase in cash was primarily supported by $947.3 million of common-equity issuance, which more than offset operating and investing outflows. This pattern was also evident in Q4 2025, when the company raised $737.4 million through financing.
  • Shareholder dilution is substantial: Weighted-average basic shares outstanding increased to 364.5 million in Q2 2026 from 319.7 million in Q1, 133.4 million in the restated Q2 2025 and 46.4 million in Q3 2022. Future equity financing could further dilute existing shareholders.

Overall, NuScale has built a sizable cash and investment cushion, which may provide financial flexibility to pursue development plans. However, the company’s shrinking revenue, persistent operating losses, recurring operating cash burn and reliance on equity issuance remain significant risks. For investors, the balance-sheet strength is a positive, but a sustainable improvement in revenue and cash generation has not yet appeared in the financial statements.

09/06/26 12:44 PM ETAI Generated. May Contain Errors.

NuScale Power Financials - Frequently Asked Questions

According to the most recent income statement we have on file, NuScale Power's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

NuScale Power's net income appears to be on an upward trend, with a most recent value of -$664.46 million in 2025, rising from -$88.39 million in 2020. The previous period was -$348.39 million in 2024. Find out what analysts predict for NuScale Power in the coming months.

NuScale Power's total operating income in 2025 was -$689.57 million, based on the following breakdown:
  • Total Gross Profit: $11.43 million
  • Total Operating Expenses: $701.00 million

Over the last 5 years, NuScale Power's total revenue changed from $600 thousand in 2020 to $31.48 million in 2025, a change of 5,146.5%.

NuScale Power's total liabilities were at $298.96 million at the end of 2025, a 226.5% increase from 2024, and a 615.9% increase since 2020.

In the past 5 years, NuScale Power's cash and equivalents has ranged from $1.91 million in 2020 to $836.42 million in 2025, and is currently $836.42 million as of their latest financial filing in 2025.

Over the last 5 years, NuScale Power's book value per share changed from -1.98 in 2020 to 3.92 in 2025, a change of -297.7%.


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Financial statements for NYSE:SMR last updated on 8/6/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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