NuScale Power Corporation Financials
This page shows NuScale Power Corporation (SMR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
NuScale Power Corporation has an operating margin of -374.5%, meaning the company retains $-374 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -1208.1% the prior year.
NuScale Power Corporation's revenue surged 62.4% year-over-year to $37.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
With a current ratio of 5.25, NuScale Power Corporation holds $5.25 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While NuScale Power Corporation generated -$108.7M in operating cash flow, capex of $44K consumed most of it, leaving -$108.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
NuScale Power Corporation passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, NuScale Power Corporation generates $0.80 in operating cash flow (-$108.7M OCF vs -$136.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
NuScale Power Corporation generated $37.0M in revenue in fiscal year 2024. This represents an increase of 62.4% from the prior year.
NuScale Power Corporation's EBITDA was -$136.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 49.9% from the prior year.
NuScale Power Corporation generated -$108.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 41.2% from the prior year.
NuScale Power Corporation reported -$136.6M in net income in fiscal year 2024. This represents a decrease of 134.1% from the prior year.
NuScale Power Corporation earned $-1.47 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 83.7% from the prior year.
NuScale Power Corporation held $401.6M in cash against $0 in long-term debt as of fiscal year 2024.
NuScale Power Corporation's gross margin was 86.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 69.8 percentage points from the prior year.
NuScale Power Corporation's operating margin was -374.5% in fiscal year 2024, reflecting core business profitability. This is up 833.6 percentage points from the prior year.
NuScale Power Corporation's net profit margin was -368.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 112.9 percentage points from the prior year.
NuScale Power Corporation invested $46.8M in research and development in fiscal year 2024. This represents a decrease of 70.0% from the prior year.
NuScale Power Corporation spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
NuScale Power Corporation invested $44K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 97.4% from the prior year.
SMR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.2M+2.3% | $8.1M-39.8% | $13.4M-60.9% | $34.2M+7105.1% | $475K-50.9% | $967K-29.9% | $1.4M-69.8% | $4.6M |
| Cost of Revenue | $5.5M-11.8% | $6.3M-1.6% | $6.4M+108.5% | $3.1M+936.3% | $295K-65.3% | $850K+15.6% | $735K-80.9% | $3.8M |
| Gross Profit | $2.7M+52.1% | $1.8M-74.6% | $7.0M-77.5% | $31.2M+17215.0% | $180K+53.8% | $117K-81.8% | $644K-10.6% | $720K |
| R&D Expenses | $11.1M-6.3% | $11.8M+29.3% | $9.1M-2.6% | $9.4M-22.9% | $12.2M+0.2% | $12.1M-7.8% | $13.2M-65.2% | $37.8M |
| SG&A Expenses | $519.2M+2205.3% | $22.5M-3.2% | $23.3M+2.5% | $22.7M+33.3% | $17.0M+1.2% | $16.8M-13.1% | $19.4M+7.6% | $18.0M |
| Operating Income | -$538.4M-1149.8% | -$43.1M-22.0% | -$35.3M-198.0% | -$11.9M+71.1% | -$41.0M+2.1% | -$41.9M+4.8% | -$44.0M+38.1% | -$71.1M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | $1.7M+11.9% | $1.5M-26.8% | $2.1M |
| Income Tax | N/A | N/A | N/A | $1.9M+15925.0% | $12K | $0 | $0 | $0 |
| Net Income | -$273.3M-1449.3% | -$17.6M-26.0% | -$14.0M+81.3% | -$75.0M-329.4% | -$17.5M+36.8% | -$27.6M-66.6% | -$16.6M+11.6% | -$18.8M |
| EPS (Diluted) | $-1.85-1323.1% | $-0.13-18.2% | $-0.11+85.7% | $-0.77-327.8% | $-0.18+41.9% | $-0.31-47.6% | $-0.21+16.0% | $-0.25 |
SMR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $883.1M+45.6% | $606.5M-1.9% | $618.1M+13.5% | $544.7M+115.0% | $253.3M+10.5% | $229.2M-0.3% | $229.8M+2.2% | $224.9M |
| Current Assets | $719.8M+62.6% | $442.6M-18.6% | $543.4M+15.3% | $471.1M+160.9% | $180.6M+15.5% | $156.3M-0.3% | $156.8M+1.4% | $154.5M |
| Cash & Equivalents | $407.6M+36.9% | $297.7M-39.4% | $491.4M+22.4% | $401.6M+259.7% | $111.6M-14.7% | $130.9M-0.8% | $132.0M+9.7% | $120.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $8.3M0.0% | $8.3M0.0% | $8.3M0.0% | $8.3M0.0% | $8.3M0.0% | $8.3M0.0% | $8.3M0.0% | $8.3M |
| Total Liabilities | $54.4M+163.0% | -$86.4M-0.6% | -$85.9M-16.1% | -$74.0M-179.4% | $93.2M-31.4% | $135.9M+34.4% | $101.1M+5.9% | $95.5M |
| Current Liabilities | $445.6M+324.7% | $104.9M+20.3% | $87.3M-2.7% | $89.7M+11.4% | $80.6M+37.0% | $58.8M-30.9% | $85.1M-2.7% | $87.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $828.7M+19.6% | $692.9M-1.6% | $704.0M+13.8% | $618.7M+286.5% | $160.1M+17.4% | $136.3M+9.0% | $125.1M+33.8% | $93.5M |
| Retained Earnings | -$682.0M-66.9% | -$408.7M-4.5% | -$391.1M-3.7% | -$377.1M-24.8% | -$302.1M-6.1% | -$284.6M-10.7% | -$257.0M-6.9% | -$240.5M |
SMR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$199.8M-499.6% | -$33.3M-46.2% | -$22.8M+13.7% | -$26.4M-107.6% | -$12.7M+64.7% | -$36.0M-7.6% | -$33.5M+54.3% | -$73.2M |
| Capital Expenditures | N/A | N/A | $67K+52.3% | $44K | $0 | $0 | $0-100.0% | $51K |
| Free Cash Flow | N/A | N/A | -$22.9M+13.6% | -$26.5M-107.9% | -$12.7M+64.7% | -$36.0M-7.6% | -$33.5M+54.3% | -$73.3M |
| Investing Cash Flow | -$154.1M+5.0% | -$162.2M-1732.5% | $9.9M+100.4% | $5.0M+111.0% | -$45.0M-23176.9% | $195K | $0+100.0% | -$51K |
| Financing Cash Flow | $463.8M+26463.7% | $1.7M-98.3% | $102.7M-67.0% | $311.4M+710.4% | $38.4M+10.5% | $34.8M-23.1% | $45.2M+2167.5% | $2.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
SMR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.9%+10.8pp | 22.1%-30.2pp | 52.3%-38.7pp | 91.1%+53.2pp | 37.9%+25.8pp | 12.1%-34.6pp | 46.7%+30.9pp | 15.8% |
| Operating Margin | -6532.9%-5998.0pp | -534.9%-270.8pp | -264.1%-229.5pp | -34.6%+8600.9pp | -8635.6%-4304.9pp | -4330.7%-1141.9pp | -3188.8%-1630.5pp | -1558.3% |
| Net Margin | -3316.2%-3097.1pp | -219.0%-114.3pp | -104.7%+114.4pp | -219.1%+3456.5pp | -3675.6%-819.6pp | -2855.9%-1654.2pp | -1201.7%-790.5pp | -411.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -30.9%-28.0pp | -2.9%-0.6pp | -2.3%+11.5pp | -13.8%-6.9pp | -6.9%+5.2pp | -12.0%-4.8pp | -7.2%+1.1pp | -8.3% |
| Current Ratio | 1.62-2.6 | 4.22-2.0 | 6.23+1.0 | 5.25+3.0 | 2.24-0.4 | 2.66+0.8 | 1.84+0.1 | 1.77 |
| Debt-to-Equity | 0.07+0.2 | -0.120.0 | -0.120.0 | -0.12-0.7 | 0.58-0.4 | 1.00+0.2 | 0.81-0.2 | 1.02 |
| FCF Margin | N/A | N/A | -170.9%-93.5pp | -77.3%+2602.3pp | -2679.6%+1046.6pp | -3726.2%-1297.7pp | -2428.5%-821.9pp | -1606.6% |
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Frequently Asked Questions
What is NuScale Power Corporation's annual revenue?
NuScale Power Corporation (SMR) reported $37.0M in total revenue for fiscal year 2024. This represents a 62.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NuScale Power Corporation's revenue growing?
NuScale Power Corporation (SMR) revenue grew by 62.4% year-over-year, from $22.8M to $37.0M in fiscal year 2024.
Is NuScale Power Corporation profitable?
No, NuScale Power Corporation (SMR) reported a net income of -$136.6M in fiscal year 2024, with a net profit margin of -368.8%.
What is NuScale Power Corporation's earnings per share (EPS)?
NuScale Power Corporation (SMR) reported diluted earnings per share of $-1.47 for fiscal year 2024. This represents a -83.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is NuScale Power Corporation's EBITDA?
NuScale Power Corporation (SMR) had EBITDA of -$136.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is NuScale Power Corporation's gross margin?
NuScale Power Corporation (SMR) had a gross margin of 86.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is NuScale Power Corporation's operating margin?
NuScale Power Corporation (SMR) had an operating margin of -374.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is NuScale Power Corporation's net profit margin?
NuScale Power Corporation (SMR) had a net profit margin of -368.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is NuScale Power Corporation's free cash flow?
NuScale Power Corporation (SMR) generated -$108.7M in free cash flow during fiscal year 2024. This represents a 41.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is NuScale Power Corporation's operating cash flow?
NuScale Power Corporation (SMR) generated -$108.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are NuScale Power Corporation's total assets?
NuScale Power Corporation (SMR) had $544.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What are NuScale Power Corporation's capital expenditures?
NuScale Power Corporation (SMR) invested $44K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does NuScale Power Corporation spend on research and development?
NuScale Power Corporation (SMR) invested $46.8M in research and development during fiscal year 2024.
What is NuScale Power Corporation's current ratio?
NuScale Power Corporation (SMR) had a current ratio of 5.25 as of fiscal year 2024, which is generally considered healthy.
What is NuScale Power Corporation's debt-to-equity ratio?
NuScale Power Corporation (SMR) had a debt-to-equity ratio of -0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NuScale Power Corporation's return on assets (ROA)?
NuScale Power Corporation (SMR) had a return on assets of -25.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is NuScale Power Corporation's cash runway?
Based on fiscal year 2024 data, NuScale Power Corporation (SMR) had $401.6M in cash against an annual operating cash burn of $108.7M. This gives an estimated cash runway of approximately 44 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is NuScale Power Corporation's Piotroski F-Score?
NuScale Power Corporation (SMR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NuScale Power Corporation's earnings high quality?
NuScale Power Corporation (SMR) has an earnings quality ratio of 0.80x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is NuScale Power Corporation?
NuScale Power Corporation (SMR) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.