NuScale Power Corporation Reports Revenue Surge to $8.1 Million Amid Ongoing Losses in Q2 2025

NuScale Power Corporation reported its financial results for the second quarter of 2025, revealing a significant increase in revenue and ongoing operational challenges. For the three months ended June 30, 2025, the company generated $8.1 million in revenue, a substantial rise from $967,000 in the same period last year. This increase was primarily driven by engineering services related to the deployment of a power plant in Romania, which is expected to utilize six of NuScale's Power Modules. However, the company also reported a net loss of $37.6 million for the quarter, compared to a net loss of $74.4 million in the prior year, indicating a reduction in losses year-over-year.

In terms of financial performance, NuScale's total assets increased to $606.5 million as of June 30, 2025, up from $544.7 million at the end of 2024. The company's cash and cash equivalents decreased to $297.7 million from $401.6 million, while short-term investments rose significantly to $123.1 million from $40 million. The accumulated deficit also widened to $408.7 million, reflecting the ongoing costs associated with research and development and operational expenses. General and administrative expenses increased to $22.5 million from $16.8 million, largely due to higher strategic business development costs and legal fees.

NuScale has made strategic advancements in its operations, including the approval of its Standard Design Approval (SDA) by the U.S. Nuclear Regulatory Commission (NRC) in May 2025. This approval allows customers to expedite the construction and operation licensing of NuScale's small modular reactors (SMRs). The company has also partnered with ENTRA1, which serves as its global strategic partner for commercialization efforts. As of June 30, 2025, NuScale had 133.8 million shares of Class A common stock outstanding, reflecting an increase from the previous period.

Operationally, NuScale's workforce has been streamlined, with a reduction of 154 employees in early 2024 as part of its transition from a research-focused entity to a commercial enterprise. The company reported a decrease in research and development expenses, attributed to cost optimization measures. However, the overall financial outlook remains cautious, as NuScale anticipates the need for additional funding to support its operations and achieve commercialization goals. The company has indicated that it will continue to manage its expenses prudently while seeking to secure customer commitments to ensure long-term viability.

Looking ahead, NuScale's management expressed optimism about its future, citing the potential for increased revenue generation as it continues to advance its projects and partnerships. However, the company acknowledged the inherent risks and uncertainties associated with its business model, particularly in securing funding and customer contracts. As it moves forward, NuScale aims to leverage its technological advancements and strategic partnerships to establish a foothold in the growing market for small modular reactors.