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X-Energy vs Nuscale Power: XE and SMR compared
X-Energy is the larger company: $54.6M of revenue in its latest quarter (Q2 2026) against $281K for Nuscale Power (Q3 2026). X-Energy is growing faster (+154% against -97% a year earlier).
Where the money goes: XE and SMR
X-Energy (XE) · Q2 2026
X-Energy, Q2 2026: revenue $54.6M (+154% year over year), operating margin -201.5%, net loss $105M, operating cash flow −$97.3M. The chart follows the revenue to costs, profit and cash.
Nuscale Power (SMR) · Q3 2026
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.
| X-Energy (XE) | Nuscale Power (SMR) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $54.6M | $281K |
| Revenue growth, Y/Y | +154% | -97% |
| Operating margin | -201.5% | n/m |
| Net earnings | −$105M | −$45.7M |
| Net margin | -192.9% | — |
| Operating cash flow | −$97.3M | −$28.6M |
| Market value | — | $2.4B |
| Analysts’ mean target | — | $8.91 |
Where the revenue comes from
Nuscale Power
- Energy Exploration Centers: $258K (92%)
- Power Plant and NPM related services: $23K (8%)
Questions
Which is bigger, X-Energy or Nuscale Power?
X-Energy is the larger company: $54.6M of revenue in its latest quarter (Q2 2026) against $281K for Nuscale Power (Q3 2026).
Is X-Energy or Nuscale Power growing faster?
X-Energy is growing faster (+154% against -97% a year earlier).
More: X-Energy earnings · how X-Energy makes money · Nuscale Power earnings · how Nuscale Power makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.