NUSCALE POWER files 8-K: results of operations

Item 2.02. Results of Operations and Financial Condition.

NuScale Power Reports Second Quarter 2026 Results Second Quarter 2026 Highlights • NuScale’s exclusive global strategic partner, ENTRA1 Energy (“ENTRA1”), continues to advance discussions with the Tennessee Valley Authority (“TVA”) toward a definitive power purchase agreement for potentially the largest nuclear power deployment program in U.S. history • NuScale is working with S.N.

Nuclearelectrica S.A. (“Nuclearelectrica”) and RoPower Nuclear (“RoPower”) to satisfy conditions attached to Nuclearelectrica shareholders' vote to advance the RoPower project in Doicești, Romania, which would deploy six NuScale Power ModulesTM (“NPMs”) at a former coal plant site and represents the most advanced SMR effort in Europe • NuScale awarded Paragon, a leading supplier of safety-related products, a contract to complete final design development of the Highly Integrated Protection System (“HIPS”) for the NuScale Power Module – a critical milestone in the Company's supply chain readiness • NuScale ended the second quarter with a strong liquidity position of $1.9 billion in cash, cash equivalents and short- and long-term investments to support near- term commercial readiness CORVALLIS, Ore. – August 5, 2026 – NuScale Power Corporation (NYSE: SMR) (“NuScale”, “NuScale Power” or the “Company”), the industry-leading provider of proprietary and innovative advanced SMR nuclear technology, today announced results for the quarter ended June 30, 2026.

“As demand for clean, reliable power grows more urgent by the day, the question for off- takers is no longer whether to go with nuclear — it is which technology can actually deliver, and when,” said John Hopkins, NuScale President and Chief Executive Officer. “At NuScale, we have spent years doing the work that makes near-term deployment possible, and that work is now substantially complete. We hold the only U.S. Nuclear Regulatory Commission design certification in the SMR industry, our technology runs on fuel that is proven and available today, and we have built a supply chain of more than 60 specialized partners with over 30 agreements already executed. No one is better positioned to deliver carbon-free, 24/7 power on the shortest possible timeline.”

Liquidity & Capital Resources • Ended the second quarter of 2026 with cash, cash equivalents, and short- and long- term investments of $1.9 billion.

Financial Update • Revenue and cost of sales decreased by $8.0 million and $6.0 million, respectively, during the three months ended June 30, 2026, as compared to the same period in the prior year, primarily due to the revenue recognized from the work associated with the Fluor Front-End Engineering and Design (“FEED”) Phase 2 engineering services in support of the RoPower project, which was completed in late 2025, with no comparable activity in 2026. • Research and development (“R&D”) expenses increased $6.6 million during the three months ended June 30, 2026, as compared to the same period in the prior year, primarily as a result of $7.1 million higher costs associated with the Company’s increased activities to advance the technological readiness and design maturity of our NPM components, partially offset by $0.6 million in lower regulatory costs as we received SDA approval in May 2025. • General and administrative expenses (“G&A”) increased $4.4 million during the three months ended June 30, 2026, as compared to the same period in the prior year, primarily due to $1.2 million of higher personnel and equity-based compensation costs due to increased headcount and $3.9 million of higher organizational costs, partially offset by $1.0 million of lower legal fees now that the initial costs associated with becoming a large accelerated filer have passed. • Other expenses increased $8.0 million during the three months ended June 30, 2026, as compared to the same period in the prior year, primarily due to (a) the Company’s engineers and project personnel working on fewer commercial projects than in the prior year, resulting in the lower allocation to cost of sales described above and (b) higher other compensation costs incurred as we have ramped up the resources supporting supply chain readiness and the delivery of future commercial projects. • Investment income increased $8.5 million during the three months ended June 30, 2026, as compared to the same period in the prior year, primarily as a result of the Company’s stronger cash position and higher investments in cash equivalents, short- term investments and long-term investments.

NuScale Power Corporation Condensed Consolidated Balance Sheet (Unaudited) (in thousands, except share and per share amounts) June 30, 2026 December 31, 2025 ASSETS Current Assets Cash and cash equivalents $ 766,460 $ 836,417 Short-term investments 305,688 417,800 Restricted cash 5,100 5,100 Prepaid expenses 10,654 4,877 Accounts and other receivables, net (2025 - $5,452 from related party) 13,190 8,378 Total current assets 1,101,092 1,272,572 Property, plant and equipment, net 3,323 1,924 In-process research and development 16,900 16,900 Intangible assets, net 438 527 Goodwill 8,255 8,255 Long-lead material work in process 68,553 63,767 Investments 820,849 32,954 Other assets 29,783 15,613 Total Assets $ 2,049,193 $ 1,412,512 LIABILITIES AND EQUITY Current Liabilities Accounts payable and accrued expenses $ 19,764 $ 286,515 Accrued compensation 8,308 8,280 Other accrued liabilities 756 648 Deferred revenue 240 613 Total current liabilities 29,068 296,056 Noncurrent liabilities 5,955 2,570 Deferred revenue 513 335 Total Liabilities 35,536 298,961 Stockholders’ Equity Class A common stock, par value $0.0001 per share, 662,000,000 shares authorized, 410,367,790 and 318,480,601 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 41 32 Class B common stock, par value $0.0001 per share, 179,000,000 shares authorized, 19,333,750 and 19,413,185 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 2 2 Additional paid-in capital 2,885,691 1,901,678 Accumulated deficit (824,425) (732,871) Total Stockholders’ Equity Excluding Noncontrolling Interests 2,061,309 1,168,841 Noncontrolling interests (47,652) (55,290) Total Stockholders' Equity 2,013,657 1,113,551 Total Liabilities and Stockholders' Equity $ 2,049,193 $ 1,412,512

NuScale Power Corporation Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (in thousands, except share and per share amounts) 2026 2025 2026 2025 Revenue (2025 - $7,431 and $14,700 from related party) $ 75 $ 8,054 $ 640 $ 21,429 Cost of sales (227) (6,273) (771) (12,646) Gross Margin (152) 1,781 (131) 8,783 Research and development expenses 18,429 11,802 31,234 20,933 General and administrative expenses 26,875 22,523 51,714 45,787 Other expenses 18,547 10,538 38,448 20,472 Loss From Operations (64,003) (43,082) (121,527) (78,409) Sponsored cost share — 21 4 84 Investment income 13,940 5,452 24,775 10,663 Loss Before Income Taxes (50,063) (37,609) (96,748) (67,662) Foreign income taxes — — — 342 Net Loss (50,063) (37,609) (96,748) (68,004) Net loss attributable to noncontrolling interests (2,524) (19,968) (5,194) (36,358) Net Loss Attributable to Class A Common Stockholders $ (47,539) $ (17,641) $ (91,554) $ (31,646) Loss per Share of Class A Common Stock: Basic and Diluted $ (0.13) $ (0.13) $ (0.27) $ (0.24) Weighted-Average Shares of Class A Common Stock Outstanding: Basic and Diluted 364,523,356 133,417,743 342,241,824 130,583,744