---
schema_version: "secwatch.filing_event.v1"
accession: "0001822966-24-000069"
form_type: "8-K"
ticker: "SMR"
cik: "0001822966"
company_name: "NUSCALE POWER Corp"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:52:08.675166+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# NuScale Power reports Q1 revenue $1.4M, net loss $48.1M; targets $50-60M annual savings

## Summary
- Revenue $1.4M vs $5.5M YoY; net loss $48.1M vs $35.6M YoY, includes $9.0M non-cash warrant adjustment.
- Cash and equivalents $137.1M (no debt), up from $125.4M at year-end 2023.
- Expected annualized cost savings of $50-60M starting Q2 2024 from strategic restructuring.
- Doosan Enerbility continues manufacturing NuScale Power Modules; Fluor/RoPower FEED planning ongoing.
- CEO cites hyperscale data center and AI demand driving interest in SMR technology.

## SEC filing metadata
- accession: 0001822966-24-000069
- form_type: 8-K
- ticker: SMR
- cik: 0001822966
- company_name: NUSCALE POWER Corp
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822966/000182296624000069/0001822966-24-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822966/000182296624000069/smr-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822966-24-000069
- JSON: https://secwatch.observer/filing/0001822966-24-000069.json
- Plain text: https://secwatch.observer/filing/0001822966-24-000069.txt

## Key facts
- Earnings Releases
  NUSCALE POWER Corp reported the quarter ended March 31, 2024 results: revenue $1.4 million, net income $48.1 million.
  - Period: the quarter ended March 31, 2024
  - Revenue: $1.4 million
  - Net income: $48.1 million
  - Result: reported results
  source text: NuScale reported revenue of $1.4 million and net loss of $48.1 million for the three-month period ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1822966/000182296624000069/0001822966-24-000069-index.htm

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