NUSCALE POWER Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: SMR reported a near-complete collapse in revenue to $565K (down 95.8% YoY) in Q1 FY2026, with net losses widening to -$44.0M and operating cash outflows surging to -$314.7M, reflecting a pre-revenue stage as the company deploys capital toward its nuclear reactor development program.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue fell 95.8% YoY to just $565K in Q1 FY2026 from $13.4M in the prior-year period, and gross profit collapsed 99.7% to $21K, indicating SMR has effectively transitioned to a pre-revenue development stage with minimal commercial activity generating income.
Operating loss widened 62.8% YoY to -$57.5M from -$35.3M, driven by rising R&D expenditures (up 40.2% to $12.8M) and operating expenses that vastly exceed the negligible revenue base, reflecting heavy investment in nuclear technology development.
Operating cash outflow surged to -$314.7M from -$22.8M in the prior year (a 1,281% deterioration), while investing cash outflow reached -$218.4M versus a prior-year inflow of $9.9M, signaling large-scale capital deployment into development assets and infrastructure.
Revenue
$565,000
-95.78% YoY
EPS (Basic)
$-0.14
-27.27% YoY
Gross Margin
3.7%
-48.63% YoY
Operating Income
$-57.52M
-62.83% YoY
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