NuScale Power reported a net loss of approximately $355 million for 2025, reflecting its pre-revenue development stage and heavy investment needs. The company's net cash used in operating activities increased from $108.7 million in 2024 to $459.6 million in 2025, indicating higher operating losses and working capital changes during its commercialization push. In its third fiscal quarter of 2025, NuScale Power's net loss surged to $532 million from $46 million a year earlier, largely due to a $495 million payment to ENTRA1 Energy, which significantly inflated general and administrative expenses. The company's revenue for Q3 2025 was reported at $8 million, which was below analyst expectations. Additionally, NuScale Power's full-year revenue for 2025 was $31.5 million, down from $37 million in 2024, indicating a year-over-year revenue decline. Despite these challenges, the company raised approximately $750 million through the sale of 39.3 million shares, providing capital to fund ongoing operations and development of its small modular reactors.