---
schema_version: "secwatch.filing_event.v1"
accession: "0001822966-25-000026"
form_type: "8-K"
ticker: "SMR"
cik: "0001822966"
company_name: "NUSCALE POWER Corp"
filed_at: "2025-03-03T23:59:59+00:00"
generated_at: "2026-05-25T20:20:07.519877+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NuScale posts Q4 operating loss $11.9M, rev $34.2M; cash rises to $446.7M on warrant proceeds

## Summary
- Cash, equivalents & investments $446.7M at Dec 31, up from $161.7M Q3; $227.7M from warrant exercises (Q4 $205.3M).
- Q4 revenue $34.2M vs $4.6M YoY; full-year revenue $37.0M vs $22.8M in 2023.
- Operating loss narrowed to $11.9M Q4 from $71.1M, driven by reduced expenses ($43.0M vs $71.8M).
- Net loss $180.3M Q4 includes $170.0M non-cash warrant fair-value expense; full-year net loss $348.4M.
- NRC standard design approval on track for mid-2025; Doosan forging long-lead materials for 12 modules; data center/AI dialogues advanced.

## SEC filing metadata
- accession: 0001822966-25-000026
- form_type: 8-K
- ticker: SMR
- cik: 0001822966
- company_name: NUSCALE POWER Corp
- filed_at: 2025-03-03T23:59:59+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/1822966/000182296625000026/0001822966-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822966/000182296625000026/smr-20250303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822966-25-000026
- JSON: https://secwatch.observer/filing/0001822966-25-000026.json
- Plain text: https://secwatch.observer/filing/0001822966-25-000026.txt

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