NuScale Power Corporation

SMRNYSEUtilities● Active

$10.89

+$0.39(+3.67%)

Market Cap$3.2B

P/E Ratio—

52W High$57.42

52W Low$8.85

Avg Volume31.0M

Open$10.90

Beta2.22

Free Cash Flow Financials Revenue

NuScale Power Corporation (SMR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

SMR · free cash flow · updated Jun 8, 2026

Core FCF metrics

SMR · FCF · TTM · margin & CAGR

Free cash flow was −$460.1M for FY2025 (fiscal year ending 2025-12-31), down 323.3% year-over-year

FY2025 Free Cash Flow−$460.1M▼ -323.3% YoY

Trailing 12M (TTM)−$753.5Mtrailing 4 quarters sum

FCF Margin< −999%−$460.1M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

SMR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$459.6M(1M)−$460.1M▼ 323.3%—

FY2024−$108.7M(0M)−$108.7M▲ +41.2%-293.4%

FY2023−$183.3M(2M)−$185.0M▼ 22.6%-811.0%

FY2022−$148.6M(2M)−$150.9M▼ 49.3%—

FY2021−$99.2M(2M)−$101.1M▼ 99.2%—

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

SMR · P/FCF · FCF yield · FCF per share

NuScale Power Corporation (SMR) reported negative free cash flow of −$0.46B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

SMR · cash flow statement · operating / investing / financing

For FY2025, NuScale Power Corporation generated −$459.6M in operating cash flow and spent 1M in capital expenditures, yielding −$460.1M in free cash flow.

Operating Activities

−$459.6M

Cash from core business operations

2025-12-31

Investing Activities

−$411.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$1.31B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF (−$459.6M) − |CapEx| (1M) = FCF (−$460.1M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Utilities)

SMR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

NuScale Power CorporationYOU

SMR

−$460.1M-323.3%-1461.7%

Loss

Constellation Energy Corporation

CEG

$1.29B+125.6%5.0%

35%

Duke Energy Corporation

Utilities · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

NuScale Power Corporation (SMR) reported free cash flow of −$460.1M for FY2025 (fiscal year ending 2025-12-31), down 323.3% year-over-year.

NuScale Power Corporation has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 7 fiscal years.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

SMR free cash flow · 8 questions

NuScale Power Corporation free cash flow was −$460.1M for FY2025, down 323.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$753.5M.

SMR free cash flowSMR FCFSMR FCF 2025SMR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · NuScale Power Corporation · NuScale Power Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026