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
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