---
schema_version: "secwatch.filing_event.v1"
accession: "0001822966-25-000173"
form_type: "8-K"
ticker: "SMR"
cik: "0001822966"
company_name: "NUSCALE POWER Corp"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:57:27.335760+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NuScale reports Q3 results; Fluor to convert and monetize stake by Q2 2026

## Summary
- Revenue and cost of sales increased $7.8M and $5.2M YoY; G&A surged $502.2M due to $495M milestone contribution to ENTRA1.
- Cash, equivalents, and investments at $753.8M; sold 13.2M shares via ATM for $475.2M gross proceeds.
- ENTRA1 signed agreement with TVA to deploy up to 6 GW of NuScale SMR capacity.
- Fluor to convert all Class B units to Class A shares and monetize by end of Q2 2026 with volume restrictions.
- Fluor agreed to vote for authorized share increase and reduce tax receivable agreement rights; NuScale limited on equity issuances through Feb 2026.

## SEC filing metadata
- accession: 0001822966-25-000173
- form_type: 8-K
- ticker: SMR
- cik: 0001822966
- company_name: NUSCALE POWER Corp
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822966/000182296625000173/0001822966-25-000173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822966/000182296625000173/smr-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822966-25-000173
- JSON: https://secwatch.observer/filing/0001822966-25-000173.json
- Plain text: https://secwatch.observer/filing/0001822966-25-000173.txt

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