NuScale Power Corporation Class A (SMR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to NuScale's 4th Quarter and Full Year 2025 Earnings Results Conference Call. Today's call is being recorded. A replay of today's conference call will be available and accessible on NuScale's Investor Relations website. The web replay will be available for 30 days following the earnings call. At this time, for opening remarks, I would like to turn the call over to Rodney McMahon, Senior Director of Investor Relations. Please go ahead. Thank you, operator. With us today are John Hopkins, Newskill President and Chief Executive Officer, Ramsey Homedy, Chief Financial Officer, and Clayton Scott, Chief Commercial Officer. We will begin by providing an update on our business, followed by a discussion of our financial results. We will then open the phone lines for questions. This afternoon, We posted supplemental slides on our investor relations website. As reflected in the safe harbor statements on slide two, the information set forth in the presentation and discussed during the course of our remarks and the subsequent Q&A session includes forward-looking statements which reflect our current views of existing trends and are subject to a variety of risks and uncertainties. For a detailed discussion of our risk factors that could contribute to differences in our expectations, please refer to our Form 10-K for the year ended December 31st, 2025, and our subsequent SEC filings. I'll now turn the call over to John Hopkins. Thank you, Rodney, and good afternoon, everyone. I'll start with some key highlights from 2025. a year marked by significant progress for NuScale. The U.S. Nuclear Regulatory Commission, or NRC, approved our 77 megawatt electric standard design ahead of schedule, allowing us to support a wider range of off-takers and consumers seeki...