---
schema_version: "secwatch.filing_event.v1"
accession: "0001822966-24-000036"
form_type: "8-K"
ticker: "SMR"
cik: "0001822966"
company_name: "NUSCALE POWER Corp"
filed_at: "2024-03-14T23:59:59+00:00"
generated_at: "2026-06-04T21:32:15.494946+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NuScale Q4 2023 revenue $4.6M, net loss $56.4M; annual savings plan $50-60M

## Summary
- Full-year 2023 revenue $22.8M (up 93% YoY) and net loss $180.1M (vs $141.6M in 2022).
- Cash and equivalents $125.4M ($5.1M restricted); no debt on balance sheet.
- January 2024 cost efficiency actions expected to yield $50-60M in annualized savings.
- RoPower project advancing to Phase 2 FEED; Standard Power selected 24 modules for 2 GW.
- NRC accepted Standard Design Approval application for 77 MWe module; 24-month review.

## SEC filing metadata
- accession: 0001822966-24-000036
- form_type: 8-K
- ticker: SMR
- cik: 0001822966
- company_name: NUSCALE POWER Corp
- filed_at: 2024-03-14T23:59:59+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/1822966/000182296624000036/0001822966-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822966/000182296624000036/smr-20240314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822966-24-000036
- JSON: https://secwatch.observer/filing/0001822966-24-000036.json
- Plain text: https://secwatch.observer/filing/0001822966-24-000036.txt

## Key facts
- Earnings Releases
  NUSCALE POWER Corp reported the fourth quarter and full year ended December 31, 2023 results: revenue Revenue of $4.6 million, net income net loss of $56.4 million.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Revenue: Revenue of $4.6 million
  - Net income: net loss of $56.4 million
  - Result: reported results
  source text: immediate commercial opportunities with a focus on advancing revenue- generating projects, securing new orders and positioning NuScale towards long- term success. • Revenue of $4.6 million and net loss of $56.4 million for the three-month period ended December 31, 2023, compared to revenue of $3.4 million and a net loss of $47.2 million, respectively, for the same
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822966/000182296624000036/0001822966-24-000036-index.htm
- Earnings Releases
  NUSCALE POWER Corp reported the twelve-month period ended December 31, 2023 results: revenue Revenue of $22.8 million, net income net loss of $180.1 million.
  - Period: the twelve-month period ended December 31, 2023
  - Revenue: Revenue of $22.8 million
  - Net income: net loss of $180.1 million
  - Result: reported results
  source text: Revenue of $22.8 million and a net loss of $180.1 million for the twelve-month period ended December 31, 2023, compared to revenue of $11.8 million and a net loss of $141.6 million for the same period in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822966/000182296624000036/0001822966-24-000036-index.htm

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