Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Nuscale Power Corp

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Fundamental quality

REASONABLE

72

out of 100

Nuscale Power Corp is in full growth mode but not yet profitable: revenue is growing strongly (92.6% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 72 out of 100, profiling it as a company of reasonable quality. Its weakest area is its profitability (ROE -33.1%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

NuScale develops small modular nuclear reactors (SMRs), designed to be factory-built and deployed wherever firm, clean power is needed — including data centers. It's the only one with a U.S.-regulator-approved design, but still has almost no revenue.

What will shape its future

  • Turning interest into firm orders: until it builds its first reactors, it's a promise.
  • The AI-driven electricity demand boom, which has revived the appetite for nuclear.
  • Its cash: it needs funding for years before the business generates real revenue.

Breakdown by area

I.Growth
95

Revenue growth: 92.6%

II.Profitability
25

ROE: -33.1%

III.Financial health
95

Net debt/EBITDA: 0.48x

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Strengths

  • Revenue growing strongly (92.6% annualized).
  • Low leverage (net debt of 0.48× EBITDA).

Risks and weaknesses

  • No profits over the last twelve months (negative EPS).
  • Erratic free cash flow, with several years in the red.

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
20201-88-51-2
20213-102-101-77
202212-26-151-218
202323-58-185-120
202437-137-109-402
202531-356-460-836

Between 2020 and 2025, revenue went from $1M to $31M (+5147%) and net income went from -$88M to -$356M (-303%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

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Is Nuscale Power Corp cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Nuscale Power Corp a good company to invest in?

In terms of business quality, Nuscale Power Corp scores 72 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Does Nuscale Power Corp have a lot of debt?

Not particularly. Its net debt is 0.48 times its EBITDA, a low level.

Is Nuscale Power Corp growing?

Its revenue has grown 92.6% annualized in recent years.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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