Nuscale Power (SMR) Research & Development (2021 - 2026)

Nuscale Power's Research & Development history runs 6 years deep, the most recent figure standing at $12.8 million for Q1 2026.

• On a quarterly basis, Research & Development rose 40.24% year-over-year to $12.8 million in Q1 2026; TTM through Mar 2026 was $49.2 million, a 14.99% increase from a year earlier, with the FY2025 full-year figure at $45.5 million, down 2.74% from the prior year.
• Research & Development slipped to $12.8 million in Q1 2026 per SMR's latest filing, from $13.5 million in the prior quarter.
• Across five years, Research & Development topped out at $63.7 million in Q3 2023 and bottomed at $9.1 million in Q1 2025.
• The 5-year median for Research & Development is $13.5 million (2025), against an average of $22.8 million.
• Across the five-year window, Research & Development surged 80.5% in 2023 and slumped 80.92% in 2024, its largest moves.
• Year by year, Research & Development stood at $38.0 million in 2022, then decreased by 0.44% to $37.8 million in 2023, then tumbled by 75.23% to $9.4 million in 2024, then soared by 44.56% to $13.5 million in 2025, then slipped by 5.46% to $12.8 million in 2026.
• Per Business Quant, the three latest SMR Research & Development figures stand at $12.8 million (Q1 2026), $13.5 million (Q4 2025), and $11.1 million (Q3 2025).