Highest-materiality recent filing
NuScale FY2025 revenue $31.5M, G&A includes $507M milestone charge; cash $1.3B
Revenue fell to $31.5M from $37.0M in FY2024; cost of sales rose to $20.0M from $4.9M.
NuScale launches up to $1B at-the-market equity offering program
Entered Sales Agreement with UBS, B. Riley, Canaccord, Tuohy Brothers to sell up to $1B in Class A common stock.
NuScale stockholders approve doubling of authorized Class A common shares to 662M
Stockholders voted 184.5M for, 27.95M against, 0.61M abstain; no broker non-votes.
NuScale reports Q3 results; Fluor to convert and monetize stake by Q2 2026
Revenue and cost of sales increased $7.8M and $5.2M YoY; G&A surged $502.2M due to $495M milestone contribution to ENTRA1.
NuScale appoints James Canafax as Chief Legal Officer and Corporate Secretary
James Canafax appointed Chief Legal Officer and Corporate Secretary effective October 20, 2025.
NuScale to acquire long-lead reactor materials from terminated CFPP project for $32.3M
NuScale subsidiary to purchase URPV long-lead materials from CFPP LLC for $32,322,870.89 via credit invoices to CFPP.
NuScale enters milestone agreement with ENTRA1 for $35-55M per NPM for up to 72 modules
NuScale LLC will contribute $35M-$55M per NPM to ENTRA1, with payments tied to commercial and development milestones for up to 72 NPMs.
NuScale enters $500M ATM equity offering program with five agents
May sell up to $500M of Class A common stock under at-the-market offering.
NuScale Power enters $500M at-the-market equity sales agreement, replaces prior ATM
Up to $500M of Class A common stock may be sold from time to time under ATM program.
NuScale Q2 revenue $8.1M, up from $1.0M; receives NRC design approval for 77 MWe SMR
Revenue $8.1M (+$7.1M YoY); cost of sales $6.3M; G&A expenses $22.5M.
NuScale enters exchange and lock-up agreement with Fluor for 15M Class A shares
NuScale to issue 15M Class A shares to Fluor in exchange for 15M Class B units by Aug 12, 2025.
NuScale Power receives NRC standard design approval for 77 MWe SMR uprate
NRC approved NuScale's uprated 250 MWt (77 MWe) SMR design, increasing power output from prior 50 MWe design.
NuScale Q1: Revenue $13.4M (up 857% YoY); operating loss $35.3M; cash $521.4M
Revenue increased $12.0M to $13.4M from $1.4M YoY, driven by RoPower FEED Phase 2 work and Technology License Agreement.
NuScale posts Q4 operating loss $11.9M, rev $34.2M; cash rises to $446.7M on warrant proceeds
Cash, equivalents & investments $446.7M at Dec 31, up from $161.7M Q3; $227.7M from warrant exercises (Q4 $205.3M).
NuScale Chairman Hackett resigns; Boeckmann named Non-Executive Chairman
James T. Hackett resigns as director and Chairman effective Jan 15, 2025; becomes Lead Independent Director at Fluor.
NuScale completes warrant redemption, receives $227.7M cash, issues 19.8M shares
As of Dec 19, 2024, ~97% of outstanding public warrants were exercised at $11.50/share.
NuScale enters Task Order with Doosan for long lead materials for 6 reactor pressure vessels
NuScale subsidiary signed Task Order with Doosan Enerbility for supply of long lead materials for 6 upper reactor pressure vessels (URPVs).
NuScale Power redeems all outstanding warrants at $0.01 per warrant, deadline Dec 19, 2024
Redemption price $0.01 per warrant; redemption date is Dec 19, 2024 at 5:00 PM EST.
NuScale Power enters up to $200M at-the-market equity offering program with four agents
ATM program for up to $200M of Class A common stock via TD Cowen, UBS, B. Riley, and Canaccord.
NuScale Q3 net loss narrows to $45.5M; revenue falls to $0.5M; cash at $161.7M
Revenue of $0.5M vs $7.0M YoY; net loss $45.5M vs $58.3M in Q3 2023.
NuScale signs FEED services Task Order for Romania SMR project with Fluor subsidiary
Task Order with Fluor Transworld Services for FEED services for RoPower Nuclear S.A. Doicesti project in Romania.
NuScale Q2 net loss widens to $74.4M; revenue down to $1.0M; cash $136M
Net loss of $74.4M vs $29.7M YoY; includes $36.7M non-cash warrant expense.
NuScale receives SEC follow-up requests in whistleblower inquiry
SEC Denver Regional Office requested info on employment, severance, confidentiality agreements in Dec 2023.
NuScale Power reports Q1 revenue $1.4M, net loss $48.1M; targets $50-60M annual savings
Revenue $1.4M vs $5.5M YoY; net loss $48.1M vs $35.6M YoY, includes $9.0M non-cash warrant adjustment.
On January 11, 2025, James T. Hackett notified the board of directors (the “Board”) of NuScale Power Corporation (the “Company”) that he intended to resign as a director and Chairman of the Board of the Company effective January 15, 2025.
Effective as of the date of Mr. Hackett’s resignation, the Board has appointed director Alan L. Boeckmann, a board member of the Company since December 3, 2020, and formerly Fluor Corporation’s CEO and Chairman of the Board, to serve as the Company’s non-Executive Chairman of the Board.
Max materiality 0.85 · Median 0.60 · Most common event other_material