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
DateValue
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