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NuScale Power SMR Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$1.8MMiss by $6.8M
EPS-$0.80Miss by $0.70
Revenue estimate$8.6M
EPS estimate-$0.10

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$8.8M
EPS estimate-$0.13

Financials

Q4 2025

Income statement

See full
Revenue$1.8M-94.7%
Gross profit--100%
Operating income-$72.7M-513%
Net income-$50.8M+32.2%
EPS (diluted)-$0.80-3.9%

Balance sheet

See full
Cash & equivalents$841.5M+107%
Total debt$1.8M—
Total equity$1.2B+88.9%
Total assets$1.4B+159%

Cash flow

See full
Operating cash flow-$203.7M-671%
CapEx$367.0K+734%
Free cash flow-$204.1M-671%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$4.01B+84.9%
Enterprise value$3.17B—
P/S127.3×+68.8×

Profitability

See full
Gross margin36.5%-50.2pp
Operating margin-2,190.6%-2,760pp
Net margin-1,130.3%-2,192pp

Returns & leverage

See full
Return on equity-39.8%+1.6pp
Debt / equity0×—
Current ratio4.3×-1.0×

Segments

By product

See full
Power Plant and NPM related services$1.6M-95.2%
Energy Exploration Centers$169.0K+3.7%
Other--100%

Versus estimates

Revenue

Q1 2026$565.0KMiss by $6.4M
Q4 2025$1.8MMiss by $6.8M
Q3 2025$8.2MMiss by $2.8MQ2 2025$8.1MMiss by $3.6MQ1 2025$13.4MBeat by $10.1MQ4 2024$34.2MBeat by $31.9M

Diluted EPS

Q1 2026-$0.14Miss by $0.03
Q4 2025-$0.80Miss by $0.70
Q3 2025-$1.85Miss by $1.71Q2 2025-$0.13Miss by $0.01Q1 2025-$0.11Beat by $0.02Q4 2024$0.60Beat by $0.71

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Questions, answered.

When did NuScale Power report Q4 2025 earnings?
NuScale Power (SMR) reported Q4 2025 earnings on February 26, 2026 after market close.
What were NuScale Power's Q4 2025 revenue and EPS?
NuScale Power reported revenue of $1.8M and eps of $-0.80 for Q4 2025.
Did NuScale Power beat estimates in Q4 2025?
Revenue missed the consensus estimate of $8.6M by $6.8M. EPS missed the consensus estimate of $-0.10 by $0.70.
How did NuScale Power's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 94.7% from $34.2M a year earlier.
Where can I find NuScale Power's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001822966-26-000016) and the 10-K periodic report (0001822966-26-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.