SMR - NuScale Power Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$16.71
DETAILS
HIGH:
$21.00
LOW:
$9.00
MEDIAN:
$19.00
CONSENSUS:
$16.71
UPSIDE:
46.58%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2014 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 31.5 | 37.0 | 22.8 | 11.8 | 2.9 | 0.6 | 0.4 | 0 |
| Cost of Revenue | 20.0 | 4.9 | 19.0 | 7.3 | 1.8 | 0.4 | 0.3 | 0 |
| Gross Profit | 11.4 | 32.1 | 3.8 | 4.5 | 1.1 | 0.2 | 0.1 | 0 |
| Operating Expenses | ||||||||
| R&D Expenses | 45.5 | 46.8 | 156.1 | 127.7 | 94.4 | 95.3 | 62.6 | 0 |
| SG&A Expenses | 609.8 | 83.0 | 75.1 | 60.9 | 41.9 | 37.2 | 38.8 | 0.0 |
| Other Expenses | 45.6 | 41.1 | 48.2 | 45.9 | 39.1 | 26.6 | 26.3 | 0 |
| Operating Expenses | 701.0 | 170.8 | 279.4 | 234.5 | 175.4 | 159.1 | 127.7 | 0.0 |
| Operating Income | ||||||||
| Operating Income | (689.6) | (138.7) | (275.6) | (230.0) | (174.3) | (158.8) | (127.6) | (0.0) |
| Interest Expense | 0 | 0 | 0 | 0 | 1.7 | 0.7 | 0.2 | 0 |
| Interest Income | 25.3 | 8.4 | 10.8 | 3.8 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||
| EBITDA | (662.9) | (133.6) | (273.0) | (227.3) | (172.1) | (156.8) | (125.0) | (0.0) |
| EBIT | (664.1) | (135.5) | (275.6) | (230.0) | (174.3) | (158.8) | (127.6) | 0 |
| Income Before Tax | (664.1) | (346.5) | (180.1) | (141.6) | (102.5) | (88.4) | (71.1) | (0.0) |
| Income Tax Expense | 0.3 | 1.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (355.8) | (136.6) | (58.4) | (57.1) | (102.5) | (88.4) | (71.1) | (0.0) |
| Per Share Data | ||||||||
| EPS (Basic) | -2.17 | -1.47 | -0.80 | -0.51 | -2.35 | -2.03 | -1.63 | – |
| EPS (Diluted) | -2.17 | -1.47 | -0.80 | -0.51 | -2.35 | -2.03 | -1.63 | – |
| Shares Outstanding | 163.7 | 93.2 | 73.4 | 50.8 | 43.6 | 43.6 | 43.6 | 43.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 836.4 | 401.6 | 120.3 | 217.7 | 77.1 | 4.9 | 17.1 |
| Short-Term Investments | 417.8 | 40 | 0 | 50 | 0 | 0 | 0 |
| Net Receivables | 8.4 | 21.1 | 10.1 | 11.2 | 4.8 | 2.8 | 20.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 10.0 | 5.1 | 5.1 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1,272.6 | 471.1 | 154.5 | 284.4 | 86.1 | 11.6 | 41.3 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 1.9 | 2.4 | 6.7 | 8.6 | 6.2 | 7.7 | 6.3 |
| Goodwill | 8.3 | 8.3 | 8.3 | 8.3 | 8.3 | 8.3 | 8.3 |
| Intangible Assets | 0.5 | 17.6 | 17.8 | 1.1 | 1.2 | 1.4 | 1.6 |
| Long-Term Investments | 33.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 96.3 | 45.3 | 37.6 | 46.3 | 19.4 | 18.0 | 18.2 |
| Total Non-Current Assets | 139.9 | 73.5 | 70.3 | 64.2 | 35.1 | 35.4 | 34.4 |
| Total Assets | 1,412.5 | 544.7 | 224.9 | 348.6 | 121.2 | 47.1 | 75.7 |
| Current Liabilities | |||||||
| Account Payables | 0 | 47.9 | 40.8 | 20.3 | 18.5 | 14.6 | 8.9 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 14.0 | 33.9 | 13.2 |
| Deferred Revenue | 0.6 | 0.8 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 295.4 | 39.7 | 36.6 | 0 | 0 | 13.4 | 0 |
| Total Current Liabilities | 296.1 | 89.7 | 87.5 | 38.6 | 48.4 | 70.5 | 34.7 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | (1.4) | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.9 | 1.6 | 7.2 | 30.2 | 6.3 | 4.3 | 2.2 |
| Total Non-Current Liabilities | 2.9 | 1.8 | 8.1 | 33.0 | 6.5 | 5.7 | 4.4 |
| Total Liabilities | 299.0 | 91.6 | 95.5 | 71.5 | 54.9 | 76.2 | 39.0 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 28.2 | 20.9 | 17.2 |
| Retained Earnings | (732.9) | (377.1) | (240.5) | (182.1) | (781.6) | (679.1) | (590.7) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,168.8 | 618.7 | 93.5 | 114.7 | 66.3 | (29.1) | 36.7 |
| Total Liabilities & Equity | 1,412.5 | 544.7 | 224.9 | 348.6 | 121.2 | 47.1 | 75.7 |
| Debt Metrics | |||||||
| Total Debt | 0 | 0 | 2.9 | 4.4 | 15.4 | 36.9 | 16.8 |
| Net Debt | (836.4) | (401.6) | (117.3) | (213.3) | (61.7) | 32.0 | (0.3) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (355.8) | (348.4) | (58.4) | (141.6) | (102.5) | (88.4) | (71.1) |
| Depreciation & Amortization | 1.2 | 1.8 | 2.6 | 2.7 | 2.2 | 2.1 | 2.6 |
| Stock-Based Compensation | 19.2 | 13.6 | 16.2 | 9.3 | 6.4 | 3.7 | 4.0 |
| Change in Working Capital | 184.5 | 0.4 | 3.3 | (9.3) | (6.9) | 33.2 | (4.0) |
| Other Non-Cash Items | (308.7) | 223.9 | (146.9) | (9.8) | 1.6 | 2.2 | 2.0 |
| Operating Cash Flow | (459.6) | (108.7) | (183.3) | (148.6) | (99.2) | (47.2) | (66.4) |
| Investing Activities | |||||||
| Capital Expenditure | (0.5) | (0.0) | (1.7) | (2.3) | (2.0) | (3.5) | (1.1) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (666.8) | (65) | 0 | (50) | 0 | (232.3) | 0 |
| Sales/Maturities of Investments | 256.1 | 25 | 50 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0.2 | 0 | 0 | 0 | 232.3 | 0 |
| Investing Cash Flow | (411.3) | (39.8) | 48.3 | (52.3) | (2.0) | (3.5) | (1.1) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | (20) | 20 | 0 |
| Stock Repurchased | 0 | 0 | 0 | (0.6) | (0.0) | (0.0) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.4) | 225.2 | 6.3 | 368.6 | 0.7 | 0.0 | 0.2 |
| Financing Cash Flow | 1,305.7 | 429.8 | 16.1 | 368.1 | 173.3 | 38.5 | 77.0 |
| Cash Position | |||||||
| Net Change in Cash | 434.9 | 281.3 | (118.9) | 167.1 | 72.2 | (12.3) | 9.5 |
| Cash at Beginning | 406.7 | 125.4 | 244.2 | 77.1 | 4.9 | 17.1 | 7.6 |
| Cash at End | 841.5 | 406.7 | 125.4 | 244.2 | 77.1 | 4.9 | 17.1 |
| Free Cash Flow | (460.1) | (108.7) | (185.0) | (150.9) | (101.1) | (50.8) | (67.5) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2014 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 31.5 | 37.0 | 22.8 | 11.8 | 2.9 | 0.6 | 0.4 | 0 |
| Gross Profit | 11.4 | 32.1 | 3.8 | 4.5 | 1.1 | 0.2 | 0.1 | 0 |
| Operating Income | (689.6) | (138.7) | (275.6) | (230.0) | (174.3) | (158.8) | (127.6) | (0.0) |
| Net Income | (355.8) | (136.6) | (58.4) | (57.1) | (102.5) | (88.4) | (71.1) | (0.0) |
| EPS (Diluted) | -2.17 | -1.47 | -0.80 | -0.51 | -2.35 | -2.03 | -1.63 | – |
| Balance Sheet | ||||||||
| Cash & Equivalents | 836.4 | 401.6 | 120.3 | 217.7 | 77.1 | 4.9 | 17.1 | |
| Total Assets | 1,412.5 | 544.7 | 224.9 | 348.6 | 121.2 | 47.1 | 75.7 | |
| Total Debt | 0 | 0 | 2.9 | 4.4 | 15.4 | 36.9 | 16.8 | |
| Stockholders' Equity | 1,168.8 | 618.7 | 93.5 | 114.7 | 66.3 | (29.1) | 36.7 | |
| Cash Flow | ||||||||
| Operating Cash Flow | (459.6) | (108.7) | (183.3) | (148.6) | (99.2) | (47.2) | (66.4) | |
| Capital Expenditure | (0.5) | (0.0) | (1.7) | (2.3) | (2.0) | (3.5) | (1.1) | |
| Free Cash Flow | (460.1) | (108.7) | (185.0) | (150.9) | (101.1) | (50.8) | (67.5) | |