SMRNUSCALE POWER Corp
Fabricated Plate Work (boiler Shops)
- Revenue
- $31M
- 15% YoY
- Operating margin
- -2190.6%
- 485% YoY
- EBITDA
- −$689M
- 402% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired61% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3M | $12M | $23M | $37M | $31M | 15% |
| Operating income | −$174M | −$230M | −$276M | −$139M | −$690M | 397% |
| Net income | −$102M | −$26M | −$58M | −$137M | −$356M | 160% |
| Operating cash flow | −$99M | −$149M | −$183M | −$109M | −$460M | 323% |
| Capex | $2M | $2M | $2M | $44K | $508K | 1055% |
| Stock-based comp | $6M | $9M | $16M | $14M | $19M | 40% |
| Buybacks | $17K | $566K | $0 | $0 | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $158K · 1
- Net
- −$158K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | $33.1B | 325710000 | 145460000 |
| FY2024 | $3M | $19M | 264640000 | 76800000 |
| FY2023 | $2M | $470K | 15260000 | 90600000 |
| FY2022 | $3M | $3M | 111630000 | 107300000 |