NuScale Power's substantial liquidity of roughly $1.9 billion in cash and investments with negligible debt underpins trader skepticism toward near-term bankruptcy, even as revenue collapsed to $75,000 in Q2 2026 after finishing front-end engineering on the RoPower project. Ongoing cash burn of about $64 million per quarter stems from R&D and operations for its NRC-approved small modular reactor design, prompting dilution via a new $750 million at-the-market share offering. Competitive pressure from faster-moving SMR rivals and delays in securing firm commercial deals, including active but unresolved TVA negotiations through partner ENTRA1, keep sentiment cautious. Key near-term catalysts include the Q3 earnings call and any definitive power purchase agreements that could stabilize the balance sheet.