NuScale 8-K
NegativeEarnings
End of RoPower license and engineering work drove the revenue drop; Romania’s 6-module project won approval to advance.
Filed 2026-05-07 16:19 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q1 2026 results. Revenue fell as the prior-year period included RoPower license revenue and engineering work that had since ended; NuScale reported $1.0B in liquidity and capital resources. Project updates included continued ENTRA1 work with TVA on a program of up to 6 GW, approval to advance the 6-module RoPower project in Romania, and an expanded supply-chain partnership with Framatome.
Key Figures
| Metric | Q1 2026 | Q1 2025 | Y/Y |
|---|---|---|---|
| Revenue | $0.565M | $13.4M | -95.8% |
| Loss from operations | $(57.5)M | $(35.3)M | n/m |
| Net loss | $(46.7)M | $(30.4)M | n/m |
| Net loss attributable to Class A common stockholders | $(44.0)M | $(14.0)M | n/m |
| Diluted EPS | $(0.14) | $(0.11) | n/m |
| Net cash used in operating activities | $(315)M | $(22.8)M | n/m |
- Revenue decreased $12.8M and cost of sales decreased $5.8M, mainly because the RoPower technology license agreement and related engineering work contributed revenue and costs in Q1 2025 but had ended by Q1 2026.
- Research and development expense rose $3.7M, general and administrative expense rose $1.6M, and other expenses rose $10.0M. Investment income increased $5.6M, primarily reflecting NuScale’s stronger cash position and higher investments.
- Liquidity and capital resources were $1.0B at quarter-end. Net cash used in operating activities included a $264.2M decrease in accounts payable and accrued expenses; net proceeds from common-stock issuance were $37.3M.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch whether TVA program planning and the approved next phase of the RoPower project advance toward deployment; the filing gives no timing for those milestones.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3