What is NuScale Power's R&D?

NuScale Power (SMR) reported R&D of $12.81M in Q1 2026.

How has NuScale Power's R&D changed year-over-year?

NuScale Power's R&D increased by 40.2% year-over-year, from $9.13M to $12.81M.

What is the long-term trend for NuScale Power's R&D?

Over 4 years (2021 to 2025), NuScale Power's R&D has grown at a -16.7% compound annual growth rate (CAGR), from $94.39M to $45.53M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

NuScale Power SMR R&D

R&D at other companies

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$4.1M+104%

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$27.05M+245%

Fluence Energy, Inc.FLNC

$21.07M-4.7%

Mirion TechnologiesMIR

$9.6M+10.3%

GE VernovaGEV

$304M+27.2%

Curtiss-WrightCW

$24.18M+5.1%

Other financials

Income statement

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Revenue$565.0K-95.8%

Gross profit$21.0K-99.7%

Operating income-$57.5M-62.8%

Net income-$44.0M-214%

EPS (diluted)-$0.14-27.3%

Balance sheet

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Cash & equivalents$346.2M-30.3%

Total debt$5.7M—

Total equity$1.2B+65.7%

Total assets$1.1B+85.8%

Cash flow

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Operating cash flow-$314.7M-1,281%

CapEx$1.5M+2,172%

Free cash flow-$316.2M-1,284%

Valuation

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Market cap$3.76B+90.3%

Profitability

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Gross margin24.2%-54.3pp

Operating margin-3,812.6%-4,121pp

Net margin-2,066.5%-2,438pp

FCF margin-200%-88.0pp

Returns & leverage

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Return on equity-41.2%+15.7pp

Debt / equity0×—

Current ratio29.4×+23.1×

Where this comes from

Reported directly by NuScale Power in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: NuScale Power’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NuScale Power's R&D?: NuScale Power (SMR) reported R&D of $12.81M in Q1 2026.
How has NuScale Power's R&D changed year-over-year?: NuScale Power's R&D increased by 40.2% year-over-year, from $9.13M to $12.81M.
What is the long-term trend for NuScale Power's R&D?: Over 4 years (2021 to 2025), NuScale Power's R&D has grown at a -16.7% compound annual growth rate (CAGR), from $94.39M to $45.53M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.