SMR financial statements
The full income statement, balance sheet, and cash-flow statement for NuScale Power Corporation (SMR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 31.5M-15.0% | 37.0M+62.4% | 22.8M+93.2% | 11.8M+312.4% | 2.86M+377.0% | |
| 11.4M-64.4% | 32.1M+734.2% | 3.85M-14.2% | 4.49M+310.9% | 1.09M+345.7% | ||
| Cost of revenue | 20.0M+306.1% | 4.94M-74.0% | 19.0M+159.1% | 7.32M+313.4% | 1.77M+398.6% | |
| Research & development | 45.5M-2.7% | 46.8M-70.0% | 156M+22.2% | 128M+35.3% | 94.4M-0.9% | |
| Selling, general & administrative | 610M+703.4% | 75.9M+16.0% | 65.4M+18.3% | 55.3M+42.8% | 38.7M+4.2% | |
| General & administrative | 610M+703.4% | 75.9M+16.0% | 65.4M+18.3% | 55.3M+42.8% | 38.7M+4.2% | |
| Amortization of intangibles | 177K+0.0% | 177K+0.0% | 177K+0.0% | 177K+0.0% | 177K-0.6% | |
| Operating income | -690M-397.1% | -139M+49.7% | -276M-19.8% | -230M-32.0% | -174M-9.7% | |
| Interest & investment income | — | — | — | — | 19.0K | |
| Net interest income | — | — | 10.8M+187.0% | 3.76M+319.2% | -1.72M | |
| Pre-tax income | -664M-91.7% | -346M-92.4% | -180M-27.2% | -142M-38.1% | -102M-16.0% | |
| Income tax | 322K-83.4% | 1.94M | 0.00 | 0.00 | 0.00 | |
| -356M-160.4% | -137M-134.1% | -58.4M-125.2% | -25.9M+74.7% | -102M-16.0% | ||
| Net income to non-controlling interest | -309M-45.8% | -212M-73.9% | -122M-44.1% | -84.5M | 0.00 | |
| Net income to common | -356M-160.4% | -137M-134.1% | -58.4M | — | — | |
| -$2.17-47.6% | -$1.47-83.7% | -$0.80-56.9% | -$0.51 | $0.00 | ||
| EPS (basic) | -$2.17-47.6% | -$1.47-83.7% | -$0.80-56.9% | -$0.51 | $0.00 | |
| Weighted-avg shares (basic) | 164M+75.6% | 93.2M+27.1% | 73.4M+44.6% | 50.8M | — | |
| Weighted-avg shares (diluted) | 164M+75.6% | 93.2M+27.1% | 73.4M+44.6% | 50.8M | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.27B+170.1% | 471M+204.9% | 155M-45.7% | 284M+230.4% | 86.1M+3915.7% | ||
| Cash & equivalents | 836M+108.3% | 402M+233.9% | 120M-44.8% | 218M+182.4% | 77.1M+3944.1% | |
| Short-term investments | 418M+944.5% | 40.0M | 0.00-100.0% | 50.0M | 0.00 | |
| Accounts receivable | — | — | — | 11.2M+131.7% | 4.83M | |
| Prepaid expenses | 4.88M+44.4% | 3.38M-82.3% | 19.1M+244.5% | 5.53M+33.4% | 4.15M+1649.1% | |
| 1.41B+159.3% | 545M+142.2% | 225M-35.5% | 349M+187.7% | 121M-48.3% | ||
| Property, plant & equipment | 1.92M-20.5% | 2.42M-41.2% | 4.12M-13.7% | 4.77M-3.8% | 4.96M | |
| Operating lease right-of-use | 1.63M | — | 2.57M-33.6% | 3.87M+205.2% | 1.27M | |
| Goodwill | 8.26M+0.0% | 8.26M+0.0% | 8.26M+0.0% | 8.26M+0.0% | 8.26M | |
| Intangible assets | 527K-25.1% | 704K-20.2% | 882K-16.7% | 1.06M-14.3% | 1.24M | |
| Long-term investments | 33.0M | 0.00 | — | — | — | |
| Other non-current assets | 15.6M+735.8% | 1.87M-50.8% | 3.80M-43.3% | 6.70M+77.7% | 3.77M | |
| 296M+230.0% | 89.7M+2.6% | 87.5M+126.8% | 38.6M-20.3% | 48.4M+96844.0% | ||
| Accounts payable | — | — | — | — | 305K | |
| Accrued liabilities | 287M+497.6% | 47.9M+6.7% | 44.9M+60.7% | 28.0M+69777.5% | 40.0K-19.9% | |
| Deferred revenue | 613K-19.6% | 762K | 0.00 | — | — | |
| Current lease liability | 648K | — | 1.50M-4.7% | 1.57M+31.8% | 1.19M | |
| Other current liabilities | 648K-52.2% | 1.36M-18.5% | 1.66M+6.1% | 1.57M+8.9% | 1.44M | |
| 299M+226.5% | 91.6M-4.2% | 95.5M+33.5% | 71.5M+35.5% | 52.8M+26.4% | ||
| Deferred revenue (non-current) | 335K+85.1% | 181K-79.8% | 898K+4.9% | 856K-39.5% | 1.42M | |
| Non-current lease liability | 1.10M | — | 1.44M-48.2% | 2.79M+1220.4% | 211K | |
| Operating lease liability (total) | 1.75M | — | 2.94M-32.5% | 4.35M+210.8% | 1.40M | |
| Other non-current liabilities | 2.57M+55.8% | 1.65M+14.4% | 1.44M-48.2% | 2.79M-6.4% | 2.98M | |
| 1.17B+88.9% | 619M+562.0% | 93.5M-18.5% | 115M+73.1% | 66.3M+267.3% | ||
| Additional paid-in capital | 1.90B+91.0% | 996M+198.2% | 334M+12.5% | 297M | 0.00-100.0% | |
| Retained earnings | -733M-94.4% | -377M-56.8% | -240M-32.1% | -182M+76.7% | -782M-1873.0% | |
| Non-controlling interest | -55.3M+66.6% | -166M-561.5% | 35.9M-77.9% | 162M | 0.00 | |
| Total equity incl. non-controlling | 1.11B+145.8% | 453M+250.3% | 129M-53.3% | 277M+318.2% | 66.3M | |
| Total liabilities & equity | 1.41B+159.3% | 545M+142.2% | 225M-35.5% | 349M+187.7% | 121M-48.3% | |
| Common shares issued | — | — | — | — | 42.0M | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -460M-323.0% | -109M+40.7% | -183M-23.3% | -149M-49.9% | -99.2M-109.9% | ||
| Depreciation & amortization | 1.18M-35.9% | 1.84M-28.0% | 2.56M-5.2% | 2.70M+22.9% | 2.19M+5.6% | |
| Intangible amortization | 177K+0.0% | 177K+0.0% | 177K+0.0% | 177K+0.0% | 177K-0.6% | |
| Share-based compensation | 19.2M+40.4% | 13.6M-16.0% | 16.2M+74.0% | 9.33M+44.9% | 6.44M+73.2% | |
| Deferred income taxes | — | — | 0.00 | 0.00 | — | |
| Change in receivables | — | 12.0M+1217.3% | -1.07M-116.8% | 6.37M+211.6% | 2.04M+111.3% | |
| Change in payables | — | — | — | — | 305K | |
| -411M-932.1% | -39.8M-182.5% | 48.3M+192.2% | -52.3M-2580.9% | -1.95M+44.6% | ||
| Capital expenditure | 508K+1054.5% | 44.0K-97.4% | 1.73M-26.0% | 2.33M+19.5% | 1.95M-44.6% | |
| Free cash flow | -460M-323.3% | -109M+41.2% | -185M-22.6% | -151M-49.3% | -101M-99.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 91.9M | 0.00 | 0.00 | — | — | |
| 1.31B+203.8% | 430M+2565.1% | 16.1M-95.6% | 368M+112.3% | 173M+350.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 566K+3229.4% | 17.0K-65.3% | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 435M+54.6% | 281M+336.7% | -119M-171.1% | 167M+131.4% | 72.2M+688.8% | |
| Interest paid | — | — | 0.00 | 0.00-100.0% | 1.48M | |
| Income taxes paid | 322K-83.4% | 1.94M | 0.00 | 0.00 | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.32B+19.2% | 1.95B+690.8% | 246M-48.3% | 476M | — | |
| P/S | 73.7×+40.2% | 52.6×+362.9% | 11.4×-76.4% | 48.1× | — | |
| P/B | 2.0×-36.9% | 3.1×+35.4% | 2.3×-49.8% | 4.6× | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: SMR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all SMR filings on SEC EDGAR → Not investment advice.
