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NUSCALE POWER Corp (SMR) Fundamental Analysis & AI Grade 2026

SMR NYSE Fabricated Plate Work (Boiler Shops) CIK: 0001822966
Update Pending • Analysis: May 9, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
88% Confidence
N/A
D
88% Conf
Pending
Analysis scheduled

📊 SMR Key Takeaways

Revenue: $565.0K
Net Margin: -7,790.3%
Free Cash Flow: $-316.2M
Current Ratio: 29.36x
Debt/Equity: 0.00x
EPS: $-0.14
AI Grade: D with 88% confidence
NUSCALE POWER Corp (SMR) receives a D fundamental grade with 88% confidence from our AI analysis based on SEC 10-K filings. With revenue of $565.0K, net profit margin of -7,790.3%, and return on equity (ROE) of -3.8%, NUSCALE POWER Corp demonstrates mixed fundamentals in the Energy sector. Below is our complete SMR stock analysis for 2026.

Is NUSCALE POWER Corp (SMR) a Good Investment?

Claude

NuScale Power is a pre-commercialization stage company with catastrophic cash burn of $316M+ annually against minimal revenue of $565K, making current operations fundamentally unsustainable. Despite a strong balance sheet with $341M cash and no debt, at the present burn rate the company will exhaust reserves within approximately one year without significant capital raises or dramatic revenue inflection. Fundamental operations show no path to profitability with losses exceeding revenues by thousands of percentage points.

NUSCALE POWER Corp Key Strengths (SMR)

Claude
  • + Strong balance sheet with $1.1B in total assets and positive $1.2B equity
  • + Substantial cash reserves of $341.1M providing near-term operational runway
  • + Zero long-term debt and extremely low leverage (0.00x debt-to-equity)

SMR Stock Risks: NUSCALE POWER Corp Investment Risks

Claude
  • ! Unsustainable cash burn of $314.7M operating cash flow with only ~1 year of cash runway remaining
  • ! Pre-commercial revenue stage with only $565K in revenue and declining -15% YoY
  • ! Massive operating losses of $57.5M and net losses of $44.0M against negligible revenue
  • ! No demonstrated path to profitability or positive free cash flow generation
  • ! Company will require substantial capital raise or business transformation to avoid cash depletion

Key Metrics to Watch

Claude
  • * Quarterly revenue growth and path to commercialization timeline
  • * Monthly cash burn rate and runway duration
  • * Operating cash flow trajectory and movement toward break-even operations

NUSCALE POWER Corp (SMR) Financial Metrics & Key Ratios

Revenue
$565.0K
Net Income
$-44.0M
EPS (Diluted)
$-0.14
Free Cash Flow
$-316.2M
Total Assets
$1.1B
Cash Position
$341.1M

💡 AI Analyst Insight

Strong liquidity with a 29.36x current ratio provides a solid financial cushion.

SMR Profit Margin, ROE & Profitability Analysis

Gross Margin 3.7%
Operating Margin -10,181.2%
Net Margin -7,790.3%
ROE -3.8%
ROA -3.8%
FCF Margin -55,964.6%

SMR vs Energy Sector: How NUSCALE POWER Corp Compares

How NUSCALE POWER Corp compares to Energy sector averages

Net Margin
SMR -7,790.3%
vs
Sector Avg 12.0%
SMR Sector
ROE
SMR -3.8%
vs
Sector Avg 14.0%
SMR Sector
Current Ratio
SMR 29.4x
vs
Sector Avg 1.3x
SMR Sector
Debt/Equity
SMR 0.0x
vs
Sector Avg 0.6x
SMR Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is NUSCALE POWER Corp Stock Overvalued? SMR Valuation Analysis 2026

Based on fundamental analysis, NUSCALE POWER Corp has mixed fundamental signals relative to the Energy sector in 2026.

Return on Equity
-3.8%
Sector avg: 14%
Net Profit Margin
-7,790.3%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

NUSCALE POWER Corp Balance Sheet: SMR Debt, Cash & Liquidity

Current Ratio
29.36x
Quick Ratio
29.36x
Debt/Equity
0.00x
Debt/Assets
3.3%
Interest Coverage
N/A
Long-term Debt
N/A

SMR Revenue & Earnings Growth: 5-Year Financial Trend

SMR 5-year financial data: Year 2022: Revenue $11.8M, Net Income -$88.4M, EPS $0.00. Year 2023: Revenue $22.8M, Net Income -$102.5M, EPS $0.00. Year 2024: Revenue $37.0M, Net Income -$25.9M, EPS $-0.51. Year 2025: Revenue $37.0M, Net Income -$58.4M, EPS $-0.80.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: NUSCALE POWER Corp's revenue has grown significantly by 214% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.80 indicates the company is currently unprofitable.

SMR Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-55,964.6%
Free cash flow / Revenue

SMR Quarterly Earnings & Performance

Quarterly financial performance data for NUSCALE POWER Corp including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $565.0K -$14.0M $-0.11
Q3 2025 $475.0K -$17.5M $-0.18
Q2 2025 $967.0K -$17.6M $-0.13
Q1 2025 $1.4M -$14.0M $-0.11
Q3 2024 $475.0K -$17.5M $-0.18
Q2 2024 $967.0K -$9.5M $-0.13
Q1 2024 $1.4M -$11.0M $-0.16
Q3 2023 $3.2M -$10.7M $-0.23

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

NUSCALE POWER Corp Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$314.7M
Cash generated from operations
Capital Expenditures
$1.5M
Investment in assets
Dividends
None
No dividend program

SMR SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for NUSCALE POWER Corp (CIK: 0001822966)

📋 Recent SEC Filings

Date Form Document Action
Jun 2, 2026 4 xslF345X06/wk-form4_1780433922.xml View →
Jun 2, 2026 4 xslF345X06/wk-form4_1780433854.xml View →
Jun 2, 2026 4 xslF345X06/wk-form4_1780433777.xml View →
Jun 2, 2026 4 xslF345X06/wk-form4_1780433708.xml View →
Jun 2, 2026 4 xslF345X06/wk-form4_1780433635.xml View →

Frequently Asked Questions about SMR

What is the AI rating for SMR?

NUSCALE POWER Corp (SMR) has an AI grade of D with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SMR's key strengths?

Claude: Strong balance sheet with $1.1B in total assets and positive $1.2B equity. Substantial cash reserves of $341.1M providing near-term operational runway.

What are the risks of investing in SMR?

Claude: Unsustainable cash burn of $314.7M operating cash flow with only ~1 year of cash runway remaining. Pre-commercial revenue stage with only $565K in revenue and declining -15% YoY.

What is SMR's revenue and growth?

NUSCALE POWER Corp reported revenue of $565.0K.

Does SMR pay dividends?

NUSCALE POWER Corp does not currently pay dividends.

Where can I find SMR SEC filings?

Official SEC filings for NUSCALE POWER Corp (CIK: 0001822966) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SMR's EPS?

NUSCALE POWER Corp has a diluted EPS of $-0.14.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is SMR's fundamental grade?

Based on our AI fundamental analysis in June 2026, NUSCALE POWER Corp has a D grade with 88% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is SMR stock overvalued or undervalued?

Valuation metrics for SMR: ROE of -3.8% (sector avg: 14%), net margin of -7,790.3% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is SMR's AI grade for 2026?

Our dual AI analysis gives NUSCALE POWER Corp a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SMR's free cash flow?

NUSCALE POWER Corp's operating cash flow is $-314.7M, with capital expenditures of $1.5M. FCF margin is -55,964.6%.

How does SMR compare to other Energy stocks?

Vs Energy sector averages: Net margin -7,790.3% (avg: 12%), ROE -3.8% (avg: 14%), current ratio 29.36 (avg: 1.3).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 9, 2026 | Data as of: 2026-03-31 | Powered by Claude AI