10-Q quarterly report · filed Nov 6, 2025

NUSCALE POWER Corp (SMR) Q3 2025 10-Q Quarterly Report

Short answer

NUSCALE POWER Corp (SMR) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $8M (up 1635.2% year over year) with net income of −$273M.

Q3 2025 key financials · XBRL

Revenue
$8M
+1635.2% YoY · +2.3% QoQ
Net income
−$273M
−1465.5% YoY · −1449.3% QoQ
Operating margin
-6532.9%
Gross margin
32.9%
EPS (diluted)
−$1.13
−527.8% YoY · −769.2% QoQ

Source: XBRL data from the NUSCALE POWER Corp (SMR) Q3 2025 10-Q on SEC EDGAR. USD.

NUSCALE POWER Corp Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • Newly added risk: Limited authorized Class A shares remaining (~20M shares), restricting capital raises unless stockholder approval for increase obtained
  • Most updated risk: Increased milestone payment obligation $495M to ENTRA1 after non-binding 6 GW TVA agreement, with risk of no revenue generation
  • Regulatory risk: U.S. trade policy changes, new/increased tariffs on overseas components increasing costs and potentially lowering product margins
  • Operational risk: Dependence on strategic partner ENTRA1 with exclusive commercialization rights; termination risks could hinder production and expansion
  • Financial risk: Potential cash outlays linked to ENTRA1 milestones ($16M/NPM) without guaranteed contracts, risking adverse impact on financial results

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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