NuScale Power’s substantial liquidity position, with roughly $1.9 billion in cash, equivalents, and investments and zero debt as of June 2026, remains the dominant factor keeping implied bankruptcy odds low in this market. Despite minimal revenue of just $75,000 in the latest quarter and ongoing quarterly losses near $50 million, the company raised nearly $1 billion through equity offerings earlier this year to extend its runway for small modular reactor commercialization. Recent milestones include successful fabrication of boron-oxide pellets for the passive emergency cooling system and continued advancement of Tennessee Valley Authority discussions via partner ENTRA1 Energy, while a Romania project targets first power around 2033. Analysts highlight cash-burn risks and timeline slippage versus competitors, yet the balance sheet and NRC design approval continue to support trader consensus against near-term insolvency.