NuScale Power maintains a robust balance sheet with roughly $1.9 billion in cash, equivalents, and investments and no debt as of mid-2026, providing multiple years of runway even amid quarterly operating losses near $50–64 million and minimal revenue of just $75,000 in Q2. This liquidity, bolstered by nearly $1 billion in equity raises during the first half plus an active ATM program, sharply limits near-term bankruptcy risk despite ongoing cash burn and dilution. Recent developments include a September technical milestone fabricating boron-oxide safety pellets, ongoing but non-binding TVA/ENTRA1 discussions for up to 6 GW of SMR capacity, and regulatory/audit hurdles in Romania’s Doicești project that have delayed firm contracts. Trader sentiment reflects skepticism over the lack of binding power purchase agreements and projected 2026–2028 cash outflows rather than solvency concerns, keeping implied bankruptcy odds low absent major project failures or financing reversals.