NuScale Power (SMR) Reports $565K Revenue Decline in Q1 FY2026

AI Summary

NuScale Power Corporation (SMR) reported Q1 FY2026 revenue of $565,000, a significant drop from $13.4 million in Q1 FY2025, attributed to timing issues. The company posted a net loss of $0.14 per share, compared to a $0.11 loss in the previous year. Total operating losses increased to $57.5 million, up from $35.3 million, driven by rising R&D and G&A costs. However, investment income rose to $10.8 million from $5.2 million, benefiting from a $1 billion cash reserve in a higher interest rate environment.