NuScale Power Reports Narrowing Net Loss and Increased Liquidity in Q3 2026
NuScale Power (SMR) reported its third-quarter 2026 financial results, highlighting a significant narrowing of net losses to $45.7 million from $532.6 million in the prior year period. While revenue declined to $0.3 million due to the completion of specific engineering services for the RoPower project, the company significantly strengthened its liquidity position, reporting $1.9 billion in cash and investments. The quarter marked a strategic shift from pure technology development toward physical manufacturing, underscored by a new contract with Doosan Enerbility for reactor component production. Despite these milestones, management noted risks regarding supply chain stability and the need for firm orders to initiate tooling, as well as ongoing engagement with Romanian partners following changes in their national administration.
Tickers: $SMR
Topics: earnings report liquidity net loss narrowing R&D spending revenue decline