Revenue trajectory is highly lumpy and tied to project milestones; watch for next catalyst (TVA or RoPower contract awards) and cash burn normalization. Dilution risk remains high as the company funds operations through equity issuance.
Price Chart
Executive Summary
NuScale Power reported Q1 2026 revenue of $565k, down 95.8% YoY from $13.4M, as prior-year RoPower technology license revenue and FEED work did not repeat. Net loss widened to $44M (EPS -$0.14), missing the $0.11 consensus by 27%. Operating cash burn surged to $315M, driven by a $264M reduction in accounts payable, though liquidity remains strong at $1.0B. Progress on TVA and RoPower projects continues, but near-term financials are deteriorating.
Key Financial Metrics
Key Facts
- Revenue $565k vs $13.4M in Q1 2025 (down 95.8%)
- Net loss attributable to Class A common stockholders $44.0M vs $14.0M
- GAAP EPS -$0.14 vs consensus -$0.11 (miss of 27%)
- Operating cash flow -$314.7M vs -$22.8M, largely from accounts payable reduction
- Liquidity $1.0 billion at quarter end (cash, equivalents, short/long-term investments)
- No revenue or EPS guidance provided
Financial Impact
Revenue collapsed 96% YoY; EPS missed consensus by 27%; operating cash burn increased 13x.
Risk Factors
- Further revenue declines until new project contracts are signed
- Sustained high cash burn may require additional capital raises
- Delays in regulatory approvals or project timelines
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001822966-26-000052 |
| Document: a2026-05x07xnuscaleq1202.htm | 0001822966-26-000052 |
| Document: 0001822966-26-000052-index-headers.html | 0001822966-26-000052 |
| Document: 0001822966-26-000052-index.html | 0001822966-26-000052 |
| Document: 0001822966-26-000052.txt | 0001822966-26-000052 |
| 8-K Data (Synthetic) | 0001822966-26-000052 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | Insider Cluster | $9.07 $8.27 | ▼ −8.82% | ▼ −8.82% | $7.75 (−14.55%) |
Aug 9, 2026 7w ago | Institutional Cluster | $9.18 $11.18 | ▲ +21.79% | ▲ +22.70% | $7.75 (−15.58%) |
Jun 12, 2026 16w ago | Institutional Cluster | $9.89 $9.04 | ▼ −8.59% | ▼ −10.37% | $7.75 (−21.64%) |
Jun 2, 2026 17w ago | 3 | $12.27 $9.76 | ▼ −20.46% | ▼ −19.46% | $7.75 (−36.84%) |
Jun 2, 2026 17w ago | 3 | $12.27 $9.76 | ▼ −20.46% | ▼ −19.46% | $7.75 (−36.84%) |
May 7, 2026 21w ago | 8-K | $12.55 $10.50 | ▲ +16.33% | ▲ +16.36% | $7.75 (+38.25%) |
Apr 15, 2026 24w ago | DEFA14A | $11.41 $11.96 | ▲ +4.82% | ▼ −0.99% | $7.75 (−32.08%) |
Apr 8, 2026 25w ago | 8-K | $9.86 $11.87 | ▲ +20.39% | ▲ +11.84% | $7.75 (−21.40%) |
Feb 26, 2026 31w ago | Insider Cluster | $13.33 $10.99 | ▲ +17.55% | ▲ +11.15% | $7.75 (+41.86%) |
Feb 26, 2026 31w ago | Insider Cluster | $13.33 $10.99 | ▲ +17.55% | ▲ +11.15% | $7.75 (+41.86%) |
US Market Status
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