NUSCALE POWER Corp SMR
NuScale is redefining nuclear power through the development of proprietary and innovative SMR technology that the Company believes will deliver safe, scalable, cost-effective and reliable carbon-free power. The Company's core technology, the Light Water Nuclear Reactor NuScale Power Module™ ("NPM"), can generate 77 MWe and is premised on well-established nuclear technology principles, with a focus on the integration of components, simplification or elimination of systems and use of passive safety features. The Company believes this results in a safe and highly reliable power plant suitable to be sited close to where electricity, water desalinization, hydrogen production or process heat is needed.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $31.5M | $37.0M | $22.8M | $11.8M | $2.9M | $600.0K | — |
| Cost of revenue | $20.0M | $4.9M | $19.0M | $7.3M | $1.8M | $355.0K | — |
| Gross profit | $11.4M | $32.1M | $3.8M | $4.5M | $1.1M | $245.0K | — |
| R&D | $45.5M | $46.8M | $156.1M | $127.7M | $94.4M | $95.3M | — |
| SG&A | $609.8M | $75.9M | $65.4M | $55.3M | $38.7M | $37.2M | — |
| Operating income | -$689.6M | -$138.7M | -$275.6M | -$230.0M | -$174.3M | -$158.8M | — |
| Interest expense | — | — | $10.8M | $3.8M | $1.7M | — | — |
| Pre-tax income | -$664.1M | -$346.5M | -$180.1M | -$141.6M | -$102.5M | -$88.4M | — |
| Income tax | $322.0K | $1.9M | $0 | $0 | $0 | $0 | — |
| Net income | -$664.5M | -$348.4M | -$180.1M | -$141.6M | -$102.5M | -$88.4M | — |
| EPS, basic | -2.17 | -1.47 | -0.80 | -0.51 | 0.00 | 0.00 | — |
| EPS, diluted | -2.17 | -1.47 | -0.80 | -0.51 | 0.00 | 0.00 | — |
| Shares, diluted (wtd. avg.) | 163.7M | 93.2M | 73.4M | 50.8M | 0 | 0 | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $836.4M | $401.6M | $125.4M | $244.2M | $77.1M | $4.9M | $17.1M |
| Short-term investments | $417.8M | $40.0M | $0 | $50.0M | $0 | — | — |
| Receivables | — | — | — | $11.2M | $4.8M | — | — |
| Total current assets | $1.27B | $471.1M | $154.5M | $284.4M | $86.1M | $2.1M | — |
| Property, plant and equipment | $1.9M | $2.4M | $4.1M | $4.8M | $5.0M | — | — |
| Goodwill | $8.3M | $8.3M | $8.3M | $8.3M | $8.3M | — | — |
| Other intangibles | $527.0K | $704.0K | $882.0K | $1.1M | $1.2M | — | — |
| Total assets | $1.41B | $544.7M | $224.9M | $348.6M | $121.2M | $234.4M | — |
| Accounts payable | $286.5M | $47.9M | $44.9M | $28.0M | $22.4M | — | — |
| Total current liabilities | $296.1M | $89.7M | $87.5M | $38.6M | $48.4M | $49.9K | — |
| Total liabilities | $299.0M | $91.6M | $95.5M | $71.5M | $52.8M | $41.8M | — |
| Retained earnings | -$732.9M | -$377.1M | -$240.5M | -$182.1M | -$781.6M | -$39.6M | — |
| Total equity | $1.17B | $618.7M | $129.3M | $277.1M | $66.3M | $0 | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$459.6M | -$108.7M | -$183.3M | -$148.6M | -$99.2M | -$47.2M | — |
| Depreciation and amortisation | $1.0M | $1.7M | $2.4M | $2.5M | $2.0M | $1.9M | — |
| Stock-based compensation | $19.2M | $13.6M | $16.2M | $9.3M | $6.4M | $3.7M | — |
| Capital expenditure | $508.0K | $44.0K | $1.7M | $2.3M | $2.0M | $3.5M | — |
| Investing cash flow | -$411.3M | -$39.8M | $48.3M | -$52.3M | -$2.0M | -$3.5M | — |
| Financing cash flow | $1.31B | $429.8M | $16.1M | $368.1M | $173.3M | $38.5M | — |
| Buybacks | — | $0 | $0 | $566.0K | $17.0K | $49.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001822966-26-000042.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $600.0K | $2.9M | $11.8M | $22.8M | $37.0M | $31.5M |
| Gross profit | — | $245.0K | $1.1M | $4.5M | $3.8M | $32.1M | $11.4M |
| Net income | — | -$88.4M | -$102.5M | -$141.6M | -$180.1M | -$348.4M | -$664.5M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote Item 5.07
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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