SMR 8-K SEC Filing Analysis

Latest settled — T+20d

SMR ▼ -16.33% at T+20d

SHORT call ✓ call won +16.33% · α vs SPY +16.36% · entry $12.55 → $10.50

Next anchor: T+60d in 8w

Currently $10.00 · +20.32% from $12.55 entry (call sign-flipped)

Entry anchored
May 7, 04:19 PM ET
via Databento tick

T+1d

+5.90%

call -5.90% · α -5.66%

$13.29

settled 5w ago

T+5d

-3.90%

call +3.90% · α +5.37%

$12.06

settled 27d ago

T+20d

-16.33%

call +16.33% · α +16.36%

$10.50

settled 5d ago

T+60d

—

call — · α —

—

in 8w

Price Chart

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Executive Summary

NuScale Power reported Q1 2026 revenue of $565k, down 95.8% YoY from $13.4M, as prior-year RoPower technology license revenue and FEED work did not repeat. Net loss widened to $44M (EPS -$0.14), missing the $0.11 consensus by 27%. Operating cash burn surged to $315M, driven by a $264M reduction in accounts payable, though liquidity remains strong at $1.0B. Progress on TVA and RoPower projects continues, but near-term financials are deteriorating.

Key Financial Metrics

Free Cash Flow

-$316.2M

Gross Margin

0.037%

Actionable Insight

Revenue trajectory is highly lumpy and tied to project milestones; watch for next catalyst (TVA or RoPower contract awards) and cash burn normalization. Dilution risk remains high as the company funds operations through equity issuance.

Key Facts

Revenue $565k vs $13.4M in Q1 2025 (down 95.8%)
Net loss attributable to Class A common stockholders $44.0M vs $14.0M
GAAP EPS -$0.14 vs consensus -$0.11 (miss of 27%)
Operating cash flow -$314.7M vs -$22.8M, largely from accounts payable reduction
Liquidity $1.0 billion at quarter end (cash, equivalents, short/long-term investments)
No revenue or EPS guidance provided

Financial Impact

Revenue collapsed 96% YoY; EPS missed consensus by 27%; operating cash burn increased 13x.

revenueepscashFlow

Risk Factors

Further revenue declines until new project contracts are signed
Sustained high cash burn may require additional capital raises
Delays in regulatory approvals or project timelines

Market Snapshot

Exchange

NYSE

Sector

Fabricated Plate Work (Boiler Shops)

Analyst Consensus

45% bullish (22 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001822966-26-000052
Document: a2026-05x07xnuscaleq1202.htm	0001822966-26-000052
Document: 0001822966-26-000052-index-headers.html	0001822966-26-000052
Document: 0001822966-26-000052-index.html	0001822966-26-000052
Document: 0001822966-26-000052.txt	0001822966-26-000052
8-K Data (Synthetic)	0001822966-26-000052

7 reports for SMR

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for SMR — sortable, filterable
	Type				Now
Jun 2, 2026 7d ago	3 NEUTRAL ★ 1/10	$12.27 $12.00	▼ −2.20%	▼ −2.61%	$10.00 (−18.50%)
Jun 2, 2026 7d ago	3 NEUTRAL ★ 2/10	$12.27 $12.00	▼ −2.20%	▼ −2.61%	$10.00 (−18.50%)
May 7, 2026 4w ago	8-K BEARISH ★ 6/10	$12.55 $13.29	▼ −5.90%	▼ −5.66%	$10.00 (+20.32%)
Apr 15, 2026 7w ago	DEFA14A NEUTRAL ★ 2/10	$11.41 $12.65	▲ +10.87%	▲ +9.65%	$10.00 (−12.36%)
Apr 8, 2026 8w ago	8-K NEUTRAL ★ 2/10	$9.86 $9.30	▼ −5.68%	▼ −6.25%	$10.00 (+1.42%)
Feb 26, 2026 14w ago	Insider Cluster BEARISH ★ 7/10	$13.33 $12.85	▲ +3.60%	▲ +3.15%	$10.00 (+24.98%)
Feb 26, 2026 14w ago	Insider Cluster BEARISH ★ 5/10	$13.33 $12.85	▲ +3.60%	▲ +3.15%	$10.00 (+24.98%)

US Market Status

Market Closed — Opens Thu (10h 55m)

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