---
schema_version: "secwatch.filing_event.v1"
accession: "0001822966-26-000016"
form_type: "8-K"
ticker: "SMR"
cik: "0001822966"
company_name: "NUSCALE POWER Corp"
filed_at: "2026-02-26T23:59:59+00:00"
generated_at: "2026-05-15T23:45:59.066592+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NuScale FY2025 revenue $31.5M, G&A includes $507M milestone charge; cash $1.3B

## Summary
- Revenue fell to $31.5M from $37.0M in FY2024; cost of sales rose to $20.0M from $4.9M.
- G&A expenses surged to $609.8M, driven by $507.4M Milestone Contribution 1 under the ENTRA1 PMA.
- Ended FY2025 with $1.3B in cash, equivalents, and investments; raised $750M via 39.3M share ATM in Q4.
- Partnership with ENTRA1 and TVA advances toward deploying up to 6 GW of SMR capacity across TVA's region.
- Completed FEED Phase 2 study for RoPower in Romania; NPMs shown to profitably power chemical plants.

## SEC filing metadata
- accession: 0001822966-26-000016
- form_type: 8-K
- ticker: SMR
- cik: 0001822966
- company_name: NUSCALE POWER Corp
- filed_at: 2026-02-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1822966/000182296626000016/0001822966-26-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1822966/000182296626000016/smr-20260226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001822966-26-000016
- JSON: https://secwatch.observer/filing/0001822966-26-000016.json
- Plain text: https://secwatch.observer/filing/0001822966-26-000016.txt

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