NuScale Power 2025 Q2 Earnings Sharp Reduction in Net Loss

NuScale Power reported better-than-expected results in Q2 2025, with a significantly narrowed net loss and substantial revenue growth. The company’s performance exceeded expectations in terms of loss reduction and revenue expansion, despite ongoing operational challenges.

NuScale Power reported fiscal 2025 Q2 earnings on August 7, 2025, highlighting a 732.9% year-over-year increase in total revenue, which rose to $8.05 million from $967,000 in the same period in 2024. This marked a significant revenue turnaround driven by strong performance across its segments. The Power Plant and NPM related services segment led the growth with $7.43 million in revenue, while the Energy Exploration Centers and Other segments contributed $551,000 and $68,000 respectively.

Revenue
The company’s revenue saw a significant surge driven primarily by its core Power Plant and NPM related services, which accounted for the lion’s share of the increase. Energy Exploration Centers also contributed a notable portion, while the “Other” category rounded out the revenue segments. The overall performance underscores the company’s ability to generate stronger top-line results amid ongoing challenges.

Earnings/Net Income
NuScale Power significantly narrowed its losses in Q2 2025, with net loss decreasing to $37.61 million, representing a 49.5% reduction from $74.44 million in the same period in 2024. On a per-share basis, the company’s loss improved from $0.31 to $0.13, marking a 58.1% improvement. While this represents a positive trend, the company continues to report losses for the fourth consecutive year in the corresponding quarter, signaling ongoing financial challenges.

Price Action
NuScale Power’s stock experienced a mixed price action in the short term. It declined 3.91% in the latest trading day and 11.01% for the week, but surged 27.37% month-to-date, showing a strong rebound on a longer horizon.

Post-Earnings Price Action Review
A long-term strategy of buying NuScale Power shares following a revenue-growth quarter proved highly successful over the past three years. The strategy delivered a 472.22% return, far outpacing the 51.69% benchmark return. It also exhibited a CAGR of 80.40%, zero maximum drawdown, and a Sharpe ratio of 0.73, demonstrating strong risk-adjusted returns and volatility management. The excess return of 420.52% highlights its outperformance.

CEO Commentary
John Lawrence Hopkins, President, CEO & Director, emphasized NuScale’s position as the only NRC-approved small modular reactor (SMR) technology with 12 modules in production and a focus on commercialization and safety. He highlighted regulatory support and growing demand for carbon-free energy, particularly from data centers and industrial users. Hopkins expressed optimism about securing firm customer commitments by year-end and reiterated the importance of disciplined capital management in accelerating manufacturing and commercialization.

Guidance
The company expects higher operating expenses in the second half of 2025 due to material procurement and supply chain readiness. It remains focused on securing customer commitments while managing liquidity effectively, with $489.9 million in cash as of June 30, 2025. No formal revenue or EPS guidance was provided, though the CFO noted that growth will be driven by the RoPower project services.

Additional News
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