NuScale Power Corporation (SMR)

From the record

NuScale Power Corporation's filings since 2020 show 5 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2022-04-22); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2021-12-10); an auditor change (8-K item 4.01, the latest 2022-05-05); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-18) (its current reports).

From the record

NuScale Power Corporation's 6 filed years say what it did: revenue went from $600 thousand in fiscal 2020 to $31 million in fiscal 2025, up 120.8% a year; it rose in 4 of 5 years; the deepest fall was 15% from fiscal 2024 to fiscal 2025; net income was positive in 0 of 6 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, NuScale Power Corporation lost about 30 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 17 cents per dollar of assets, and net share issuance: its share count grew 75.6% over the year (the filed statements).

From the record

NuScale Power Corporation's standing among 35 graded names in its industry family: revenue of $31 million in fiscal 2025 ranks in the bottom 16% by size; a net margin of -1130.3% ranks in the bottom 7%; revenue growth of 38.7% a year over the last 3 filed years ranks in the top 1% (its annual reports).

From the record

NuScale Power Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Hopkins, John Lawrence (Chief Executive Officer, as filed), filing under that title since the record of its people begins (2022-05-11), so the years before are not on the record and this part is not read; the 16 officers and directors filing in the last fifteen months have been on the record a median of 3.6 years (bottom 10%); 6 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (top 48%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

NuScale Power Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $842 million against no long-term debt tagged leaves 59.6% of its assets as net cash, top 4% of its family; cash from operations less capital spending is -1461.7% of revenue (bottom 5%); a gross margin of 36.3% (top 35%); research spending of 144.6% of revenue (top 9%) (its annual report).

From the record

NuScale Power Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 38.7% a year over the last three filed years against 120.8% over all 6, slowing (bottom 2% of its family); the newest year grew -15% (bottom 4%); research spending grew -29.1% a year (bottom 8%); capital spending grew -39.8% a year (bottom 8%) (its annual reports). NuScale Power Corporation reported 3 product lines in fiscal 2025: Power Plant and NPM Engineering Design and Licensing Services and Fees at $30 million (96%), E2 Centers at $1 million (4%), Other at $134 thousand (0%); 1 of 3 grew against the year before (its annual report).

From the record

NuScale Power Corporation's newest year against its own record: revenue of $31 million in fiscal 2025 came in 52% below the $66 million its prior three years' pace pointed to (bottom 1% of its family); net income of $356 million against a prior three-year average of $74 million (bottom 4%); a net margin of a loss larger than its revenue against losses larger than its revenue before (bottom 4%) (its annual reports).