SMR
NuScale Power Corporation17.12
-0.29-1.67%
Dec 16, 4:01:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms, adds Doosan confidence.
Q&A largely reaffirmed prepared remarks on ENTRA1-TVA progress and Romania's pre-EPC shift, but highlighted Doosan's 12 modules in production with capacity ramping to 20/year for timing edge on big projects. Management confirmed full remediation of last year's material weakness, securing a clean EY audit. Cash burn holds at $170-200M annually versus ~$1B liquidity post-payments. Executives dodged PPA gating factors, financing term sheets, and NDA-bound pipeline doors. Liquidity isn't an issue. Tone stayed confident; investors eye PPA signing and service revenues.
Key Stats
Market Cap
4.84BP/E (TTM)
-Basic EPS (TTM)
-2.14Dividend Yield
0%Recent Filings
8-K
New $1B ATM program
NuScale Power launched a new $1,000,000,000 at-the-market equity offering program on February 26, 2026, with UBS, B. Riley, Canaccord, and Tuohy Brothers as sales agents, paying up to 2% commission on gross proceeds. It terminated its prior November 2025 program. Shares sell at Company's discretion via NYSE. Flexible capital access, yet dilutive.
10-K
FY2025 results
NuScale Power posted FY2025 revenue of $31.5M, down from $37.0M in 2024 amid reduced RoPower licensing fees, yet gross margins held at $11.4M thanks to higher Fluor FEED Phase 2 engineering services; Q4 saw $507M Milestone Contribution 1 expense under the ENTRA1 PMA after TVA's non-binding 6GW deal for 72 NPMs, driving a net loss of $664M versus $348M last year. Cash swelled to $836M from $1.3B ATM equity raises, funding $260M PMA liability due 2026 and long-lead materials. No debt burdens the balance sheet. RoPower's February 2026 investment approval accelerates Romania's 6-module plant. Supply chain constraints risk delaying first NPM deliveries.
8-K
NuScale's 2025 results: revenue down
NuScale Power reported 2025 results with revenue dropping to $31.5M from $37.0M in 2024, driven by lower RoPower licensing offset by higher Fluor FEED engineering, while G&A ballooned to $609.8M on a $507.4M ENTRA1 milestone. Cash swelled to $1.3B after $750M from Q4 ATM share sales. ENTRA1 and TVA advance up to 6GW SMR deployment.
8-K
Earnings call scheduled
8-K
Doubles authorized shares
NuScale Power stockholders approved doubling authorized Class A common shares from 332 million to 662 million at the December 16, 2025 special meeting, with 184.5 million votes for versus 28.0 million against. The amendment took effect immediately via Delaware filing. Doubles headroom for equity raises.
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