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NUSCALE POWER Corp (SMR) Stock Fundamental Analysis & AI Rating 2026

SMR NYSE Fabricated Plate Work (Boiler Shops) CIK: 0001822966
Recently Updated • Analysis: Apr 16, 2026 • SEC Data: 2025-12-31
STRONG SELL
88% Conf
Pending
Analysis scheduled

📊 SMR Key Takeaways

Revenue: $31.5M
Net Margin: -1,130.3%
Free Cash Flow: $-460.1M
Current Ratio: 4.30x
Debt/Equity: 0.00x
EPS: $-2.17
AI Rating: STRONG SELL with 88% confidence
NUSCALE POWER Corp (SMR) receives a STRONG SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $31.5M, net profit margin of -1,130.3%, and return on equity (ROE) of -30.4%, 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 exhibits unsustainable fundamentals with operating losses of -$689.6M on just $31.5M revenue, negative cash burn of -$460.1M annually, and declining revenue (-15% YoY). Despite a strong cash position of $836.4M and zero debt, the company's current burn rate depletes reserves within ~24 months absent major revenue acceleration, with no visible path to profitability in near term.

Why Buy NUSCALE POWER Corp Stock? SMR Key Strengths

Claude
  • + Substantial cash reserves of $836.4M providing runway
  • + Debt-free balance sheet (0.00 D/E ratio) with excellent liquidity (4.30x current ratio)
  • + Respectable gross margin of 36.3% indicating underlying unit economics potential

SMR Stock Risks: NUSCALE POWER Corp Investment Risks

Claude
  • ! Catastrophic cash burn of $460.1M FCF against $31.5M revenue - fundamentally unsustainable trajectory
  • ! Operating margin of -2190.6% and net margin of -1130.3% with no profitability inflection visible
  • ! Revenue declining YoY (-15%) and EPS deteriorating (-47.6% YoY) - worsening operational performance
  • ! Limited cash runway of ~2 years at current burn rate without major business inflection

Key Metrics to Watch

Claude
  • * Quarterly revenue growth rate - must show YoY acceleration to positive territory
  • * Operating cash flow trend - critical to demonstrate path to cash flow breakeven
  • * Operating margin progression - company must demonstrate loss reduction trajectory
  • * Cash balance depletion rate - monitor runway remaining before potential capital raise/dilution

NUSCALE POWER Corp (SMR) Financial Metrics & Key Ratios

Revenue
$31.5M
Net Income
$-355.8M
EPS (Diluted)
$-2.17
Free Cash Flow
$-460.1M
Total Assets
$1.4B
Cash Position
$836.4M

💡 AI Analyst Insight

Strong liquidity with a 4.30x current ratio provides a solid financial cushion.

SMR Profit Margin, ROE & Profitability Analysis

Gross Margin 36.3%
Operating Margin -2,190.6%
Net Margin -1,130.3%
ROE -30.4%
ROA -25.2%
FCF Margin -1,461.7%

SMR vs Energy Sector: How NUSCALE POWER Corp Compares

How NUSCALE POWER Corp compares to Energy sector averages

Net Margin
SMR -1,130.3%
vs
Sector Avg 12.0%
SMR Sector
ROE
SMR -30.4%
vs
Sector Avg 14.0%
SMR Sector
Current Ratio
SMR 4.3x
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
-30.4%
Sector avg: 14%
Net Profit Margin
-1,130.3%
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
4.30x
Quick Ratio
4.30x
Debt/Equity
0.00x
Debt/Assets
21.2%
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
-1,461.7%
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
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
Q2 2023 $2.7M -$2.6M $-0.06

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
-$459.6M
Cash generated from operations
Capital Expenditures
$508.0K
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
Apr 15, 2026 DEF 14A smr-20260415.htm View →
Apr 13, 2026 4 xslF345X06/wk-form4_1776114526.xml View →
Apr 8, 2026 8-K smr-20260408.htm View →
Apr 2, 2026 4 xslF345X06/wk-form4_1775163943.xml View →
Apr 2, 2026 4 xslF345X06/wk-form4_1775163845.xml View →

Frequently Asked Questions about SMR

What is the AI rating for SMR?

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

What are SMR's key strengths?

Claude: Substantial cash reserves of $836.4M providing runway. Debt-free balance sheet (0.00 D/E ratio) with excellent liquidity (4.30x current ratio).

What are the risks of investing in SMR?

Claude: Catastrophic cash burn of $460.1M FCF against $31.5M revenue - fundamentally unsustainable trajectory. Operating margin of -2190.6% and net margin of -1130.3% with no profitability inflection visible.

What is SMR's revenue and growth?

NUSCALE POWER Corp reported revenue of $31.5M.

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 $-2.17.

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 rating reflects both perspectives for balanced insights.

Is SMR a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, NUSCALE POWER Corp has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is SMR stock overvalued or undervalued?

Valuation metrics for SMR: ROE of -30.4% (sector avg: 14%), net margin of -1,130.3% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

Should I buy SMR stock in 2026?

Our dual AI analysis gives NUSCALE POWER Corp a combined STRONG SELL rating 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 $-459.6M, with capital expenditures of $508.0K. FCF margin is -1,461.7%.

How does SMR compare to other Energy stocks?

Vs Energy sector averages: Net margin -1,130.3% (avg: 12%), ROE -30.4% (avg: 14%), current ratio 4.30 (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: Apr 16, 2026 | Data as of: 2025-12-31 | Powered by Claude AI