NuScale Power Corporation announced its results for the first quarter ended March 31, 2025, on May 12, 2025. The company reported a substantial increase in revenue to $13.4 million, up from $1.4 million in the first quarter of 2024.
This revenue growth was primarily driven by engineering and licensing fees and services related to advancing the RoPower project in Romania. Operating expenses saw a decrease to $42.3 million in Q1 2025 from $44.6 million in Q1 2024, reflecting efforts to control costs.
NuScale significantly improved its liquidity position, ending the quarter with over $521 million in cash and short-term investments. This strong cash position was bolstered by $99.8 million in net proceeds from the company's At-The-Market (ATM) program, providing approximately two years of operating runway.
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