NuScale 8-K
NegativeEarnings
Completion of RoPower FEED Phase 2 drove the revenue drop as R&D and other operating costs rose.
Filed 2026-08-05 16:15 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results. Revenue fell as prior-year RoPower engineering work had no comparable activity this quarter, while operating costs increased. NuScale ended the quarter with $1.9B in cash, cash equivalents and short- and long-term investments; commercial milestones included ongoing TVA power-purchase-agreement discussions and work to advance the Romanian project.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $0.075M | $8.05M | -99.1% |
| Loss from operations | $(64.0)M | $(43.1)M | n/m |
| Net loss | $(50.1)M | $(37.6)M | n/m |
| Net loss attributable to Class A common stockholders | $(47.5)M | $(17.6)M | n/m |
| Diluted EPS | $(0.13) | $(0.13) | n/m |
- Revenue and cost of sales decreased $8.0M and $6.0M, respectively, primarily because the RoPower FEED Phase 2 work completed in late 2025. R&D expense rose $6.6M, G&A expense $4.4M and other expenses $8.0M; investment income increased $8.5M, primarily on the stronger investment position.
- For H1 2026, net cash used in operating activities was $(372.9)M vs $(56.1)M in H1 2025; net loss was $(96.7)M vs $(68.0)M. The 2026 operating cash outflow included a $268.2M reduction in accounts payable and accrued expenses.
- H1 net proceeds from common-stock issuance were $984.5M. Class A shares outstanding increased from 318.5M at year-end 2025 to 410.4M at 6/30/2026, a 28.9% increase.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch whether ENTRA1 and TVA reach a definitive power purchase agreement; that would advance the potential deployment program.
- Watch whether NuScale and its Romanian partners satisfy the conditions attached to the shareholders’ vote to advance the Doicești project.
The summary is written by an AI model reading the filing.
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