Filing Flows › Nuscale Power (SMR) › Q3 2026
Nuscale Power (SMR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Nuscale Power (SMR) reported revenue of $281K for the third quarter 2026 (Q3 2026), -97% from a year earlier and +275% from the quarter before.
Nuscale Power, Q3 2026: revenue $281K (-97% year over year), net loss $45.7M, operating cash flow −$28.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $281K | +275% | -97% |
| Operating profit | −$64.8M | — | — |
| Net earnings | −$45.7M | — | — |
| Operating cash flow | −$28.6M | — | — |
What changed
Revenue was $281K in Q3 2026, down 97% year over year and up 275% from the previous quarter. Energy Exploration Centers was the largest line at 92% of revenue. Power Plant and NPM related services lost $8.0M year over year (down 100%), 101% of the total change.
Gross margin was 47.3%, up 14.5 points from Q3 2025. Operating costs exceeded revenue by $64.8M, an operating margin of -23067.6%. Operating expenses fell 88% while revenue fell 97%. The fastest-growing cost line was Other operating costs (+75%). The quarter ended with a net loss of $45.7M, narrower than the previous quarter's $50.1M loss. Minority interests bore $2.1M of it: to shareholders the quarter was a loss of $43.7M. Non-operating items added $19.1M, -42% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$28.6M. Non-cash charges added back $341K of depreciation and amortization and $6.3M of share-based compensation. Working capital and other items added $10.5M. Capital expenditures of $94K exceeded it, leaving free cash flow of −$28.7M.
Questions
What was Nuscale Power's revenue in the third quarter 2026?
Nuscale Power (SMR) reported revenue of $281K for the third quarter 2026 (Q3 2026), -97% from a year earlier and +275% from the quarter before.
Source: Nuscale Power 10-Q on SEC EDGAR.