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Nuscale Power cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$28.7M in Q3 2026 · −$608M over twelve months

Operating cash flow−$28.6M
Capital spending−$94K
Free cash flow−$28.7M

Analysis

In Q3 2026, Nuscale Power generated −$28.6M of operating cash flow and spent $94K on capital projects, leaving free cash flow of −$28.7M. That is $171M more than in Q3 2025 (−$200M).

Over the twelve months to Sep 30, 2026, operating cash flow was −$605M; the largest uses were other investing ($1.0B), operating cash flow ($605M), capital spending ($2.4M); besides operations, cash came from other financing ($1.7B); the cash balance rose by $110M.

Operating cash flow was −$28.6M against net income of −$45.7M. The largest differences: payables +$7.0M, stock-based pay +$6.3M, prepaid and other assets +$3.8M.

Free cash flow

Nuscale Power: free cash flow by quarterNuscale Power: free cash flow by quarter−$26.5MQ4 2024−$22.9MQ1 2025−$33.3MQ2 2025−$200MQ3 2025−$204MQ4 2025−$316MQ1 2026−$58.6MQ2 2026−$28.7MQ3 2026
Operating cash flow less capital spending.
Nuscale Power: operating cash flow against capital spendingNuscale Power: operating cash flow against capital spendingOperating cash flowCapital spending−$26.4M$44KQ4 2024−$22.8M$67KQ1 2025−$33.3M−$67KQ2 2025−$200M$141KQ3 2025−$204M$367KQ4 2025−$315M$1.5MQ1 2026−$58.2M$431KQ2 2026−$28.6M$94KQ3 2026
Latest (Q3 2026): Operating cash flow −$28.6M, Capital spending $94K.

Capital allocation, year by year

Nuscale Power: where the cash came from (up) and went (down), by fiscal yearNuscale Power: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksFY2021: Operating cash flow −$99.2MFY2021: Net borrowing −$20.0MFY2021: Shares issued $861KFY2021: Capital spending −$2.0MFY2021: Buybacks −$17K$861KFY2021FY2022: Operating cash flow −$149MFY2022: Shares issued $867KFY2022: Capital spending −$2.3MFY2022: Buybacks −$566K$867KFY2022FY2023: Operating cash flow −$183MFY2023: Capital spending −$1.7MFY2023FY2024: Operating cash flow −$109MFY2024: Capital spending −$44KFY2024FY2025: Operating cash flow −$460MFY2025: Capital spending −$508KFY2025
Over these 5 years operating cash flow totalled −$999M; the largest uses were operating cash flow ($999M) and net borrowing ($20.0M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$933M
Debtnone
Net cash$933M
Cash runway18 months

Nuscale Power is burning cash: its operations consume cash, a free cash flow of −$608M a year at the current rate against $933M of cash and investments: a runway of about 18 months before any new financing.

Where the cash came from and went

Nuscale Power: sources (+) and uses (−) of cash, Q3 2026Nuscale Power: sources (+) and uses (−) of cash, Q3 2026Cash drawn (+) / kept (−)$253MOther investing−$225MOperating cash flow−$28.6MShares issued$133KCapital spending−$94K
Nuscale Power: sources (+) and uses (−) of cash, TTM to Q3 2026Nuscale Power: sources (+) and uses (−) of cash, TTM to Q3 2026Other financing$1.7BOther investing−$1.0BOperating cash flow−$605MCash drawn (+) / kept (−)−$110MCapital spending−$2.4M

From profit to cash

Nuscale Power: net income to operating cash flow, Q3 2026Nuscale Power: net income to operating cash flow, Q3 2026Net income−$45.7MDepreciation & amortization$341KStock-based pay$6.3MReceivables−$2.6MPayables$7.0MEmployee-related liabilities$3.3MDeferred revenue−$122KPrepaid and other assets$3.8MOperating cash flow−$28.6M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$28.6M−$94K$133K$253M−$28.7M
Q2 2026−$58.2M−$431K$96K−$430M−$58.6M
Q1 2026−$315M−$1.5M$531K$495M−$316M
Q4 2025−$204M−$367K—−$429M−$204M
Q3 2025−$200M−$141K$1.2M−$110M−$200M
Q2 2025−$33.3M$67K$1.7M$194M−$33.3M
Q1 2025−$22.8M−$67K$3.0M−$89.9M−$22.9M
Q4 2024−$26.4M−$44K—−$290M−$26.5M

Nuscale Power: income statement and cash flow

Nuscale Power, Q3 2026: revenue $281K (-97% year over year). The chart follows the revenue to costs, profit and cash.

Nuscale Power: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.