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

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Key Takeaways

  • NuScale Power posted a Q3 loss of $1.85 per share, missing estimates and widening year over year.
  • Revenues jumped 1,635% to $8.24M, driven by higher fees from the RoPower project.
  • Operating expenses surged 1,213.5% to $541.15M, sharply impacting quarterly margins.

NuScale Power ((SMR - Free Report) ) shares plunged 14% on Thursday after the company reported weaker-than-expected third-quarter 2025 results.

NuScale Power reported third-quarter 2025 loss per share of $1.85 per share, wider than the loss of 18 cents reported in the year-ago quarter. The figure was also wider than the Zacks Consensus Estimate of a loss of 11 cents.

The company reported revenues of $8.24 million for the quarter, marking a significant increase of 1,635% from $0.48 million in the prior-year quarter. However, the figure missed the Zacks Consensus Estimate by 25.7%. The year-over-year increase was driven by the higher fees from engineering, licensing, and pre-commercial operational services for the RoPower project.

NuScale Power Corporation Price, Consensus and EPS Surprise

NuScale Power Corporation Price, Consensus and EPS Surprise

NuScale Power Corporation price-consensus-eps-surprise-chart | NuScale Power Corporation Quote

SMR’s Q3 Operating Details

SMR’s third-quarter 2025 gross margin decreased to 32.9% from 37.9% in the third quarter of 2024.

In the third quarter, operating expenses increased 1,213.5% year over year to $541.15 million. In the reported quarter, research & development expenses declined 9.1% year over year to $11.05 million. General & administrative expenses increased 2950.5% year over year to $519.22 million. Other expenses decreased 9.5% year over year to $10.87 million.

The company reported an operating loss of $538.44 million, wider than the loss of $41.02 million reported in the year-ago quarter.

SMR’s Balance Sheet Details

As of Sept. 30, 2025, NuScale Power had cash and cash equivalents and short-term investments of $692.1 million compared with $420.7 million as of June 30, 2025.

Zacks Rank & Stocks to Consider

NuScale Power currently carries a Zacks Rank #4 (Sell).

Reddit Inc. ((RDDT - Free Report) ), ASML Holding ((ASML - Free Report) ) and Amphenol ((APH - Free Report) ) are some better-ranked stocks that investors can consider in the Zacks Computer and Technology sector. Reddit, ASML Holding and Amphenol sport a Zacks Rank #1 (Strong Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Reddit Inc.’s full-year 2025 earnings is pegged at $2.35 per share, revised upward by 23.7% over the past seven days and suggests a year-over-year increase of 170.6%. Reddit shares have soared 13.2% year to date.

The Zacks Consensus Estimate for ASML Holdings’ 2025 earnings has been revised upward by 3.3% over the past 30 days to $29.08 per share, calling for an increase of 39.7% year over year. ASML Holdings shares have rallied 48.5% year to date.

The Zacks Consensus Estimate for Amphenol’s full-year 2025 earnings has been revised upward to $3.22 per share from $3.03 per share over the past 30 days, implying 70.4% year-over-year growth. Amphenol shares have risen 98.8% year to date.

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