Holders of Class A common stock own direct controlling interests in the results of the combined entity, while the Legacy NuScale Equityholders own an economic interest in NuScale LLC, shown as noncontrolling interests (“NCI”) in equity in NuScale Corp’s condensed consolidated financial statements. The indirect economic interests are held by Legacy NuScale Equityholders in the form of NuScale LLC Class B units. The following table summarizes the economic interests of NuScale Corp between the holders of Class A common stock and indirect economic interests held by holders of NuScale LLC Class B units.


	As of and for the Three Months Ended June 30,		As of and for the Six Months Ended June 30,
Controlling and Noncontrolling Interests	2026	2025	2026	2025
NuScale Corp Class A common stock
Beginning of period	323,741,458	133,031,072	318,480,601	122,842,474
Exchange of combined interests for Class A common stock	41,621	22,922	79,435	3,271,214
Issuance of Class A common stock	86,568,060	—	89,727,165	4,548,127
RSUs vested and exercise of options	16,651	699,456	2,080,589	3,091,635
End of period	410,367,790	133,753,450	410,367,790	133,753,450

NuScale LLC Class B Units (NCI)
Beginning of period	19,375,371	151,006,371	19,413,185	154,254,663
Exchange of combined interests for Class A common stock	(41,621)	(22,922)	(79,435)	(3,271,214)
End of period	19,333,750	150,983,449	19,333,750	150,983,449

Total
Beginning of period	343,116,829	284,037,443	337,893,786	277,097,137
Issuance of Class A common stock	86,568,060	—	89,727,165	4,548,127
RSUs vested and exercise of options	16,651	699,456	2,080,589	3,091,635
End of period	429,701,540	284,736,899	429,701,540	284,736,899


	As of and for the Three Months Ended June 30,				As of and for the Six Months Ended June 30,
	2026		2025		2026		2025
NuScale Corp Class A common stock
Beginning of period	94.4	%	46.8	%	94.3	%	44.3	%
End of period	95.5	%	47.0	%	95.5	%	47.0	%

NuScale LLC Class B Units (NCI)
Beginning of period	5.6	%	53.2	%	5.7	%	55.7	%
End of period	4.5	%	53.0	%	4.5	%	53.0	%

The NCI may decrease according to the number of shares of Class B common stock and NuScale LLC Class B units that are exchanged for shares of Class A common stock or, in certain circumstances including at the election of NuScale Corp, cash in an amount equal to the fair value of Class A common stock received in a contemporaneous equity issuance. After each exchange, NuScale LLC equity attributable to NuScale Corp is rebalanced to reflect the change in ownership percentage, which is calculated above based on NuScale LLC Class B units and shares of Class A common stock, as a percentage of Combined interests.

Basic loss per share is based on the average number of shares of Class A common stock outstanding during the period. Diluted loss per share is based on the average number of shares of Class A common stock used for the basic earnings per share calculation, adjusted for the dilutive effect of RSUs, stock options and Warrants using the “treasury stock” method and for all other interests that convert into potential shares of Class A common stock, if any, using the “if converted” method. Net loss attributable to Class A common stockholders for diluted loss per share is adjusted for the Company’s share of NuScale LLC’s net loss, net of NuScale Corp taxes, after giving effect to all other interests that convert into potential shares of Class A common stock, to the extent it is dilutive.

The following table sets forth the computation of basic and diluted net loss per share of Class A common stock. Class B common stock represents a right to cast one vote per share at the NuScale Corp level, and carries no economic rights, including rights to dividends or distributions upon liquidation, and as a result, is not considered a participating security for basic and diluted loss per share. As such, basic and diluted loss per share of Class B common stock has not been presented.


	As of and for the Three Months Ended June 30,				As of and for the Six Months Ended June 30,
	2026		2025		2026		2025
Net loss attributable to Class A common stockholders	$	(47,539)	$	(17,641)	$	(91,554)	$	(31,646)
Weighted-average shares for basic and diluted loss per share	364,523,356		133,417,743		342,241,824		130,583,744
Basic and Diluted loss per share of Class A common stock	$	(0.13)	$	(0.13)	$	(0.27)	$	(0.24)
Anti-dilutive securities excluded from shares outstanding:
Shares of Class B common stock	19,333,750		150,983,449		19,333,750		150,983,449
Stock options	4,496,162		5,199,984		4,496,162		5,199,984
Time-based RSUs	4,940,900		4,493,419		4,940,900		4,493,419
Total	28,770,812		160,676,852		28,770,812		160,676,852

On February 26, 2026, NuScale entered into a sales agreement (the “2026 Sales Agreement”) with UBS Securities LLC, B. Riley Securities, Inc., Canaccord Genuity LLC and Tuohy Brothers Investment Research, Inc. as sales agents under which the Company may offer and sell shares of our Class A common stock, having an aggregate sales price of up to $1,000,000 (the “2026 ATM Program”).

During the three months ended June 30, 2026, the Company issued and sold 86,568,060 shares of Class A common stock for the gross and net proceeds of $962,068 and $947,214, respectively, with a weighted average price of $11.11 per share. During the six months ended June 30, 2026, the Company issued and sold 89,727,165 shares of Class A common stock for the gross and net proceeds of $1,000,000 and $984,475, respectively, with a weighted average price of $11.14 per share before completing the 2026 ATM Program in June.