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Companies / Industrials / NUSCALE POWER Corp
SMR

NUSCALE POWER Corp

IndustrialsFabricated Metal
Ticker SMRCORVALLIS, ORFiscal year ends DecemberBook value per share $5.54Diluted shares 365.2M

NuScale Power (NYSE: SMR) develops small modular nuclear reactors and related services for governments, utilities, state-owned enterprises, and technology and industrial companies seeking reliable, carbon-free power, water desalination, hydrogen production, or process heat. Its core product, the NuScale Power Module,… From the company’s description.

Over the twelve months to Sep 30, 2026, NUSCALE POWER Corp reported revenue of $2.73M, down 95.7% from a year earlier, and a net loss of $206.27M. Operations used $605.12M in cash. In fiscal 2025, it reported revenue of $31.48M, down 15.0% from fiscal 2024, and a net loss of $664.46M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$31.48MFY2025
−15.0% year over year
Last 12 mo $2.73M
-2190.57%FY2025
−1816.1 percentage points
Last 12 mo -9493.18%
$-664.46MFY2025
−90.7% year over year
Last 12 mo $-206.27M
-30.44%FY2025
−8.4 percentage points
Last 12 mo -9.19%
Cash & financing
$-459.61MFY2025
−323.0% year over year
Last 12 mo $-605.12M
$-460.12MFY2025
−323.3% year over year
Last 12 mo $-607.54M
—
163.7MFY2025
+75.6% year over year
Last 12 mo 365.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What NUSCALE POWER Corp does

In the company’s own words

NuScale Power (NYSE: SMR) develops small modular nuclear reactors and related services for governments, utilities, state-owned enterprises, and technology and industrial companies seeking reliable, carbon-free power, water desalination, hydrogen production, or process heat. Its core product, the NuScale Power Module, is a light-water reactor designed to generate 77 MWe; multiple modules can be combined in a single plant, with configurations ranging from one to twelve modules. The company expects to license its technology and supply reactor modules, nuclear steam supply equipment, and fuel, alongside services covering regulatory licensing, design, commissioning, training, operations, maintenance, and fuel management. NuScale operates as a single reportable segment. Its design received U.S. Nuclear Regulatory Commission approval, including approval in 2025 of the six-module, 77 MWe design. In fiscal 2025, the company had 428 employees. NuScale’s current customer project is a planned six-module plant at the Doicesti site in Romania; ENTRA1 is its exclusive global strategic partner for commercialization and development. Its website is https://www.nuscalepower.com/.

Company details
Sector
Industrials
Industry (SIC)
Fabricated Metal
Headquarters
CORVALLIS, OR
Fiscal year end
December
CIK
1822966
SIC
3443

Financial performance, year by year

Fiscal 2021–2025 · USD
$-734.61M$-524.16M$-313.71M$-103.26M$107.20M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns NUSCALE POWER Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

180
funds hold it
0 of 35
superinvestors hold it
$878.12M
held by funds, at market
20.1%
of shares held by funds

Largest fund holders · NUSCALE POWER Corp’s weight in each

VanEck Uranium and Nuclear ETF
NLR · VanEck ETF Trust
4.76%of fund net assets
Global X Uranium ETF
URA · GLOBAL X FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.10%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do NUSCALE POWER Corp and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of NUSCALE POWER Corp's earnings go — cash, debt, buybacks, reinvestment?”
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