Short answer
NUSCALE POWER Corp (SMR) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $565,000 (down 95.8% year over year) with net income of −$44M.
Q1 2026 key financials · XBRL
- Revenue
- $565,000
- −95.8% YoY
- Net income
- −$44M
- −214.3% YoY
- Operating margin
- -10181.2%
- Gross margin
- 3.7%
- EPS (diluted)
- −$0.14
- −27.3% YoY
Source: XBRL data from the NUSCALE POWER Corp (SMR) Q1 2026 10-Q on SEC EDGAR. USD.
NUSCALE POWER Corp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $565K, down $12.8M YoY from $13.375M, following RoPower license and FEED completion
- Gross margin 3.7% vs 52.4% YoY; operating loss $57.524M vs $35.327M
- R&D expenses $12.805M, up $3.7M YoY, reflecting NPM design and readiness activities
- Cash $341.1M plus short-term investments $549.0M; operating cash outflow $314.678M
- $37.9M gross ATM proceeds; $259.9M payment to ENTRA1 pressured operating cash flow
Risk Factors
- No material changes from the 2025 Form 10-K risk factors
- Regulatory compliance risk: CFO Robert Ramsey Hamady adopted a Rule 10b5-1 trading arrangement on March 31, 2026
- Insider trading risk: CLO Bill Cooper executed a sell-to-cover instruction on March 3, 2026
- Financial risk: no new liquidity, debt maturity, currency, or concentration risks disclosed in this section
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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