Nuclear technology company developing small modular reactor power plants for carbon-free baseload and industrial electricity demand.
Profile & Fundamentals
NuScale Power: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
NuScale Power Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
NuScale Power Corporation provides small modular reactor technology solutions. It offers NuScale Power Module (NPM), a light water nuclear reactor that can generate 77 megawatts of electricity (MWe). The company also provides design and nuclear regulatory licensing basis information to construct and operate the power plant; and licensing, design, development, construction, operation, and maintenance of the power plant. In addition, it offers regulatory licensing support services; start-up testing and commissioning support; accredited training programs to support initial and ongoing power plant operations; management of all aspects of the U.S. Nuclear Regulatory Commission required inspections, tests, analysis, and acceptance criteria process; NuScale Power Module mechanical handling; initial and ongoing fuel bundle loading and movement; design engineering management during commercial operation; operations and maintenance program management; procurement and spare parts management; nuclear fuel management, including reload analysis; and outage planning and execution support services. The company has a strategic partnership with Ebara Elliott Energy for the development, demonstration, and testing of industrial scale compressors using power modules. NuScale Power Corporation was founded in 2007 and is headquartered in Corvallis, Oregon.
Company profile record
Nuscale Power Corp
Common Stock · Industrials · Industrial Machinery & Supplies & Components
Company
- Company / asset
- Nuscale Power Corp
- Security type
- Common Stock
- Sector
- Industrials
- Industry
- Industrial Machinery & Supplies & Components
- HQ
- 🇺🇸 United States
- Head office
- 1100 NE Circle Blvd, Corvallis, OR, United States, 97330
Leadership & scale
- Chief executive
- Mr. John Lawrence Hopkins
- CEO year born
- 1954
- Full-time employees
- 428
- Fiscal year end
- December
- IPO date
- 2020-12-09
Fundamentals snapshot
- Market Cap
- USD 1.3B
- P/E
- --
- Revenue (Q2 26)
- USD 75.0K
- Profit (Q2 26)
- USD -47.5M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 31.5M
- Shares in public float
- 403.5M
- Insider ownership
- 1.7%
Reporting & identifiers
- Symbol
- SMR.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US67079K1007
- Asset ID
- equity_1a1e0028-e2e1-5345-9b27-ecdf50e140e3
Ownership
Shares Outstanding
Latest: 163.7M | Max: 163.7M | Min: 43.6M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
246.47%
403.5M latest reported shares
Insider Ownership
1.70%
Latest reported insider stake
Short Float
0.21%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2020-01-01 | 43,615,300 |
| 2021-01-01 | 43,615,300 |
| 2022-01-01 | 60,408,900 |
| 2023-01-01 | 76,895,200 |
| 2024-01-01 | 93,250,000 |
| 2025-01-01 | 163,731,700 |
| 2026-01-01 | 163,731,700 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Van Eck Associates Corporation | 20,032,960 | 4.88% | 2026-03-31 |
| Global X Uranium ETF USD | 20,026,551 | 4.88% | 2026-08-31 |
| VanEck Uranium & Nuclear ETF | 19,370,706 | 4.72% | 2026-08-29 |
| BlackRock Inc | 12,849,132 | 3.13% | 2026-03-31 |
| Two Sigma Investments LLC | 11,655,351 | 2.84% | 2026-06-30 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 11,452,161 | 2.79% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 11,032,177 | 2.69% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 10,948,169 | 2.67% | 2026-03-31 |
| Vanguard Capital Management, LLC | 10,732,371 | 2.62% | 2026-03-31 |
| VanEck Uranium and Nclr Tchs ETF A $ Acc | 9,234,890 | 2.25% | 2026-08-31 |
| Marex Group Ltd | 9,098,178 | 2.22% | 2026-03-31 |
| iShares Russell 2000 ETF | 8,336,507 | 2.03% | 2026-08-31 |
| Vanguard Small Cap Index | 7,958,091 | 1.94% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 7,052,969 | 1.72% | 2026-03-31 |
| Renaissance Technologies Corp | 5,455,800 | 1.33% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
NuScale's financial results reflect a business in a severe pre-commercial revenue lull. In the second quarter of 2026, revenue dropped to just $75,000, plunging 99 percent from $8.05 million a year earlier. This drop occurred because the company completed front-end engineering studies for Romania's RoPower project in late 2025, leaving a temporary void before follow-on contracts begin. Operating performance remains deeply negative, with trailing twelve-month losses reaching $733 million and free cash flow burn of negative $777 million. These results confirm NuScale operates as an engineering research firm rather than an active equipment seller. Financial stability currently depends on treasury interest income and external capital rather than customer sales.
NuScale's financial results reflect a business in a severe pre-commercial revenue lull. In the second quarter of 2026, revenue dropped to just $75,000, plunging 99 percent from $8.05 million a year earlier. This drop occurred because the company completed front-end engineering studies for Romania's RoPower project in late 2025, leaving a temporary void before follow-on contracts begin. Operating performance remains deeply negative, with trailing twelve-month losses reaching $733 million and free cash flow burn of negative $777 million. These results confirm NuScale operates as an engineering research firm rather than an active equipment seller. Financial stability currently depends on treasury interest income and external capital rather than customer sales.
Revenue, Net Income, and Free Cash Flow
Latest: USD 31.5M | Max: USD 37.0M | Min: USD -460.1M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins remain deeply distorted due to the lack of steady revenue. While annual gross margin reached 36.3 percent in 2025 during active engineering work, operating and net margins sat far below negative three hundred percent as fixed corporate payroll and compliance expenses overwhelmed nominal receipts. This extreme margin divergence illustrates that operating leverage currently works in reverse. High fixed engineering expenses create massive losses when contract activity slows. Sustainable profitability cannot emerge until modular reactors enter repetitive commercial factory production, where high-margin technology licensing royalties and maintenance fees can finally outpace corporate overhead costs.
Profitability margins remain deeply distorted due to the lack of steady revenue. While annual gross margin reached 36.3 percent in 2025 during active engineering work, operating and net margins sat far below negative three hundred percent as fixed corporate payroll and compliance expenses overwhelmed nominal receipts. This extreme margin divergence illustrates that operating leverage currently works in reverse. High fixed engineering expenses create massive losses when contract activity slows. Sustainable profitability cannot emerge until modular reactors enter repetitive commercial factory production, where high-margin technology licensing royalties and maintenance fees can finally outpace corporate overhead costs.
Profitability Margins
Latest: 36.3% | Max: 86.7% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
36.3%
Gross profit / revenue
Operating Margin
-2190.6%
Operating income / revenue
Net Margin
-1130.3%
Net income / revenue
FCF Margin
-1461.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2014-12-31 | Not reported | -707 | Not reported |
| 2019-12-31 | 373,000 | -71,107,000 | -67,488,000 |
| 2020-12-31 | 600,000 | -88,387,000 | -50,761,000 |
| 2021-12-31 | 2,862,000 | -102,493,000 | -101,114,000 |
| 2022-12-31 | 11,804,000 | -57,069,000 | -150,941,000 |
| 2023-12-31 | 22,810,000 | -58,362,000 | -184,979,000 |
| 2024-12-31 | 37,045,000 | -136,623,000 | -108,710,000 |
| 2025-12-31 | 31,479,000 | -355,794,000 | -460,118,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2014-12-31 | Not reported | Not reported | Not reported | Not reported |
| 2019-12-31 | 13.94 | -34,218.23 | -19,063.54 | -18,093.3 |
| 2020-12-31 | 40.83 | -26,473.83 | -14,731.17 | -8,460.17 |
| 2021-12-31 | 38.16 | -6,090.15 | -3,581.17 | -3,532.98 |
| 2022-12-31 | 38.01 | -1,948.45 | -483.47 | -1,278.73 |
| 2023-12-31 | 16.87 | -1,208.09 | -255.86 | -810.96 |
| 2024-12-31 | 86.67 | -374.48 | -368.8 | -293.45 |
| 2025-12-31 | 36.31 | -2,190.57 | -1,130.26 | -1,461.67 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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