Here are the 10-K annual reports from NuScale Power Corporation (SMR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow SMR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SMR filings page.
NuScale Power Corporation describes how it is developing proprietary small modular reactor (SMR) technology centered on its 77 MWe NuScale Power Module, designed for factory fabrication, passive safety and scalable deployments from one to twelve modules per plant.
The company highlights over $1.8 billion invested in its technology, including more than $578.3 million from the U.S. Department of Energy, and a global patent portfolio of 513 issued patents with 268 pending. It notes U.S. Nuclear Regulatory Commission approval of its second Standard Design Approval for a 6‑unit 77 MWe design, enabling customers to reference this certified design for streamlined licensing.
NuScale outlines its service-based revenue model around licensing, engineering, fuel and lifecycle support, and details strategic relationships with RoPower in Romania and ENTRA1, including a Partnership Milestones Agreement and ENTRA1’s non‑binding collaboration with Tennessee Valley Authority for up to 6 GW of new nuclear capacity. Extensive risk factors emphasize the need for additional funding, lack of binding NPM delivery contracts, competitive and regulatory pressures, complex tax and Tax Receivable Agreement obligations, and dependence on key partners and personnel.