Nuscale Power (SMR) Operating Expenses (2020 - 2026)
Nuscale Power's (SMR) quarterly Operating Expenses came in at $37.6 million in Q1 2026, up 16.2% year-on-year from $32.4 million in Q1 2025, and down 35.5% quarter-over-quarter from $58.4 million in Q4 2025.
Nuscale Power (SMR) Operating Expenses (2020 - 2026) Analysis & Trends
Nuscale Power's Operating Expenses history runs 7 years deep, the most recent figure standing at $37.6 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 16.2% year-over-year to $37.6 million in Q1 2026; TTM through Mar 2026 was $660.6 million, a 438.83% increase from a year earlier, with the FY2025 full-year figure at $655.4 million, up 434.03% from the prior year.
- Operating Expenses retreated to $37.6 million in Q1 2026 per SMR's latest filing, from $58.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $530.3 million in Q3 2025 and bottomed at $5.1 million in Q1 2022.
- The 5-year median for Operating Expenses is $41.5 million (2022), against an average of $70.0 million.
- Across the five-year window, Operating Expenses soared 26821.9% in 2022 and slumped 63.58% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $54.3 million in 2022, then gained by 2.73% to $55.8 million in 2023, then tumbled by 42.54% to $32.1 million in 2024, then jumped by 82.01% to $58.4 million in 2025, then tumbled by 35.5% to $37.6 million in 2026.
- Per Business Quant, the three latest SMR Operating Expenses figures stand at $37.6 million (Q1 2026), $58.4 million (Q4 2025), and $530.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 1.48 Bn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 1.20 Bn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 1.32 Bn |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | - |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 1.41 Bn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 658.00 Mn |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 370.70 Mn |
| 10 | Nuscale Power | 2.59 Bn | 2.59 Bn | 21,000.00 | 37.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 37.64 Mn |
| Dec 31, 2025 | 58.36 Mn |
| Sep 30, 2025 | 530.28 Mn |
| Jun 30, 2025 | 34.33 Mn |
| Mar 31, 2025 | 32.40 Mn |
| Dec 31, 2024 | 32.06 Mn |
| Sep 30, 2024 | 29.18 Mn |
| Jun 30, 2024 | 28.96 Mn |
| Mar 31, 2024 | 32.51 Mn |
| Dec 31, 2023 | 55.81 Mn |
| Sep 30, 2023 | 80.13 Mn |
| Jun 30, 2023 | 43.26 Mn |
| Mar 31, 2023 | 42.27 Mn |
| Dec 31, 2022 | 54.32 Mn |
| Sep 30, 2022 | 51.79 Mn |
| Jun 30, 2022 | 41.47 Mn |
| Mar 31, 2022 | 5.15 Mn |
| Dec 31, 2021 | 201,780.00 |
| Sep 30, 2021 | 441,400.00 |
| Jun 30, 2021 | 384,977.00 |