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Nuscale Power (SMR) Research & Development (2021 - 2025)

Nuscale Power (SMR) has 5 years of Research & Development data on record, last reported at $13.5 million in Q4 2025.

  • For Q4 2025, Research & Development rose 44.56% year-over-year to $13.5 million; the TTM value through Dec 2025 reached $45.5 million, down 2.74%, while the annual FY2025 figure was $45.5 million, 2.74% down from the prior year.
  • Research & Development reached $13.5 million in Q4 2025 per SMR's latest filing, up from $11.1 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.
  • Average Research & Development over 5 years is $23.4 million, with a median of $22.6 million recorded in 2021.
  • Peak YoY movement for Research & Development: soared 85.7% in 2023, then tumbled 80.92% in 2024.
  • A 5-year view of Research & Development shows it stood at $26.4 million in 2021, then surged by 44.06% to $38.0 million in 2022, then decreased by 0.44% to $37.8 million in 2023, then plummeted by 75.23% to $9.4 million in 2024, then soared by 44.56% to $13.5 million in 2025.
  • Per Business Quant database, its latest 3 readings for Research & Development were $13.5 million in Q4 2025, $11.1 million in Q3 2025, and $11.8 million in Q2 2025.