NuScale Power reported second quarter revenue of $0.08 million, a significant drop from $8.1 million in the prior-year period and a substantial miss against the $11.91 million consensus estimate. The decline was attributed to the completion of a major engineering services project in late 2025. The company's loss per share of $0.13 was in line with analyst expectations, though the net loss widened year-over-year due to higher operating expenses.
Key Highlights
- Revenue for the quarter was $75,000, down sharply from $8.1 million in the same period last year, primarily due to the conclusion of the RoPower project's engineering services phase.
- Loss from operations increased to $64.0 million from $43.1 million a year ago, driven by a $6.6 million rise in R&D expenses and a $4.4 million increase in G&A costs.
- The company highlighted a strong liquidity position, ending the quarter with $1.9 billion in cash, cash equivalents, and short- and long-term investments.