# NUSCALE POWER CORPORATION (SMR) · Edgar & Edgarette company card

> Nuscale Power (SMR) saw revenue fall 15.0% in FY2025 to $31 million, operating margin -2191% against a 8.1% median for fabricated plate work (boiler shops), equity 82.7% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1822966 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/SMR) · [JSON](https://www.pops4.com/boards/company/SMR.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $31M |
| Revenue growth, 1 year | -15.0% |
| Revenue growth per year | 82.1% |
| Operating margin | -2190.6% (prior year -374.5%) |
| Net margin | -2110.8% |
| Operating cash flow | −$460M |
| Capital spending | $508,000 |
| Free cash flow | −$460M |
| Cash | $836M |
| Long-term debt | — |
| Total assets | $1.4B |
| Total equity | $1.2B |
| Equity ÷ assets | 82.7% |
| Return on equity | -56.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 3.67 (safe zone)
- Piotroski F: 3 of 9 (middling)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative; operating loss: a margin of -2190.6% in FY2025; revenue is hard to predict: its 80% range is ±61%
- Cash Compass: Fast, cash not yet · growing fast, but little cash arriving so far

## Edgarette's reading

Exposure: revenue $31.5M (FY2025). Experience: revenue down 15.0% on the year, up 82.1% a year over 4 years; operating margin -2190.6%, down from -374.5%. Soundness: equity 82.7% of assets, return on equity -56.8%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $17.2M and $69.8M next year (method v4.1: its own 3-year record of growth weighed at 40% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $15.6M to $77.1M. A statistical range, not company guidance. Against peers (38 filers, $50M+ revenue, its industry group): operating margin -2190.6% against a 8.1% median; growth -15.0% against 2.4%.

Range logged 2026-09-27, receipt a3993dcf4d36aa8e, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2025-11-17 ([filing](https://www.sec.gov/Archives/edgar/data/1822966/000182296625000179/0001822966-25-000179-index.htm))

## Recent filings

- 10-Q · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/1822966/000182296626000091/0001822966-26-000091-index.htm)
- 8-K · filed 2026-11-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1822966/000182296626000089/0001822966-26-000089-index.htm)
- 8-K · filed 2026-08-11 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1822966/000110465926094073/0001104659-26-094073-index.htm)
- 8-K · filed 2026-08-05 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1822966/000182296626000086/0001822966-26-000086-index.htm)
- 10-Q · filed 2026-08-05 · [filing](https://www.sec.gov/Archives/edgar/data/1822966/000182296626000085/0001822966-26-000085-index.htm)
- 8-K · filed 2026-06-02 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1822966/000182296626000058/0001822966-26-000058-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001822966.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1822966

## Cite

POPS4, Edgar & Edgarette: NUSCALE POWER CORPORATION (SMR) company card, from the company's own SEC filings, accessed 2026-11-12, https://www.pops4.com/boards/company/SMR. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.