NuScale Power Shares Plunge 14% on Q3 Loss, Revenues Rise Y/Y

Core Insights - NuScale Power's shares fell 14% following the release of disappointing third-quarter 2025 results, with a loss per share of $1.85, significantly worse than the previous year's loss of $0.18 and the Zacks Consensus Estimate of a loss of $0.11 [1][9] Financial Performance - The company reported revenues of $8.24 million for the quarter, a remarkable increase of 1,635% from $0.48 million in the same quarter last year, although this figure fell short of the Zacks Consensus Estimate by 25.7% [2][9] - The increase in revenue was attributed to higher fees from engineering, licensing, and pre-commercial operational services related to the RoPower project [2] - Gross margin for the third quarter decreased to 32.9% from 37.9% in the prior year [3] - Operating expenses surged 1,213.5% year over year to $541.15 million, with general and administrative expenses rising 2,950.5% to $519.22 million, while research and development expenses decreased by 9.1% to $11.05 million [3][4][9] - The operating loss for the quarter was $538.44 million, compared to a loss of $41.02 million in the same quarter last year [4][9] Balance Sheet - As of September 30, 2025, NuScale Power had cash and cash equivalents and short-term investments totaling $692.1 million, an increase from $420.7 million as of June 30, 2025 [5]