Nuscale Power (SMR) Operating Expenses (2020 - 2026)
Nuscale Power (SMR) recorded quarterly Operating Expenses of $37.6 million in Q1 2026, down 35.5% quarter-over-quarter from $58.4 million in Q4 2025, and up 16.2% on a YoY basis from $32.4 million in Q1 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.
- In Q1 2026, Operating Expenses rose 16.2% year-over-year to $37.6 million; the TTM figure through Mar 2026 stood at $660.6 million (up 438.83% YoY), while the FY2025 annual figure was $655.4 million, up 434.03% from the prior year.
- Operating Expenses was $37.6 million for Q1 2026 at Nuscale Power, down from $58.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $530.3 million in Q3 2025 to a low of $5.1 million in Q1 2022.
- Historically, Operating Expenses has averaged $70.0 million across 5 years, with a median of $41.5 million in 2022.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 26821.9% in 2022, then slumped 63.58% in 2024.
- A 5-year view of Operating Expenses shows it stood at $54.3 million in 2022, then gained by 2.73% to $55.8 million in 2023, then sank by 42.54% to $32.1 million in 2024, then jumped by 82.01% to $58.4 million in 2025, then sank by 35.5% to $37.6 million in 2026.
- The last three Operating Expenses figures came in at $37.6 million (Q1 2026), $58.4 million (Q4 2025), and $530.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 1.60 Bn |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 1.48 Bn |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 1.20 Bn |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 Bn | 1.32 Bn |
| 6 | Illinois Tool Works | 72.86 Bn | 72.03 Bn | 1.76 Bn | - |
| 7 | Ametek | 51.86 Bn | 51.38 Bn | 717.56 Mn | 1.41 Bn |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 658.00 Mn |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | 492.23 Mn |
| 10 | Nuscale Power | 3.36 Bn | 3.30 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 |