---
schema_version: "secwatch.filing_event.v1"
accession: "0001822966-23-000093"
form_type: "8-K"
ticker: "SMR"
cik: "0001822966"
company_name: "NUSCALE POWER Corp"
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:49:03.571865+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NuScale posts Q1 loss of $35.6M; cash at $252M; progresses toward commercialization

## Summary
- Revenue of $5.5M (up from $2.4M YoY) but net loss widened to $35.6M from $23.4M.
- Cash, cash equivalents & ST investments of $252M ($34M restricted); no debt.
- Advanced CFPP with UAMPS and RoPower FEED work; NRC SDA application in technical review.
- Ordered long-lead materials from Doosan Enerbility for first NuScale Power Modules.
- Expanded international pipeline with developments in Poland, Indonesia, Korea.

## SEC filing metadata
- accession: 0001822966-23-000093
- form_type: 8-K
- ticker: SMR
- cik: 0001822966
- company_name: NUSCALE POWER Corp
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822966/000182296623000093/0001822966-23-000093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822966/000182296623000093/smr-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822966-23-000093
- JSON: https://secwatch.observer/filing/0001822966-23-000093.json
- Plain text: https://secwatch.observer/filing/0001822966-23-000093.txt

## Key facts
- Earnings Releases
  NUSCALE POWER Corp reported the quarter ended March 31, 2023 results: revenue $5.5 million, net income $35.6 million.
  - Period: the quarter ended March 31, 2023
  - Revenue: $5.5 million
  - Net income: $35.6 million
  - Result: reported results
  source text: Revenue of $5.5 million and net loss of $35.6 million for the three-month period ended March 31, 2023, compared to revenue of $2.4 million and a net loss of $23.4 million, respectively, for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822966/000182296623000093/0001822966-23-000093-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.