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Noncontrolling Interests and Loss Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Noncontrolling Interest And Loss Per Share [Abstract] |
Schedule of Non-Controlling Interests | Following the Transaction, 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 NuScale LLC Class B unitholders.
|  | As of and for the Three Months Ended September 30, |  | As of and for the Nine Months Ended September 30,
Noncontrolling Interests |  | 2024 |  | 2023 |  | 2024 |  | 2023
NuScale Corp Class A common stock |  |  |  |  |  |  |  |
Beginning of period |  | 92,486,358 |  | 74,045,206 |  | 76,895,166 |  | 69,353,019
Exchange of combined interests for Class A common stock |  | 198,335 |  | 163,497 |  | 210,632 |  | 2,534,302
Issuance of Class A common stock |  | 2,964,586 |  | 822,332 |  | 15,661,580 |  | 3,143,714
Exercise of options, warrants and vested RSUs |  | 2,244,605 |  | 1,385,623 |  | 5,126,506 |  | 1,385,623
End of period |  | 97,893,884 |  | 76,416,658 |  | 97,893,884 |  | 76,416,658
NuScale LLC Class B Units (NCI) |  |  |  |  |  |  |  |
Beginning of period |  | 154,464,735 |  | 154,720,015 |  | 154,477,032 |  | 157,090,820
Exchange of combined interests for Class A common stock |  | (198,335) |  | (163,497) |  | (210,632) |  | (2,534,302)
End of period |  | 154,266,400 |  | 154,556,518 |  | 154,266,400 |  | 154,556,518
Total |  |  |  |  |  |  |  |
Beginning of period |  | 246,951,093 |  | 228,765,221 |  | 231,372,198 |  | 226,443,839
Issuance of Class A common stock |  | 2,964,586 |  | 822,332 |  | 15,661,580 |  | 3,143,714
Exercise of options, warrants and vested RSUs |  | 2,244,605 |  | 1,385,623 |  | 5,126,506 |  | 1,385,623
End of period |  | 252,160,284 |  | 230,973,176 |  | 252,160,284 |  | 230,973,176
Ownership Percentage |  |  |  |  |  |  |  |
NuScale Corp Class A common stock |  |  |  |  |  |  |  |
Beginning of period |  | 37.5 | % |  | 32.4 | % |  | 33.2 | % |  | 30.6 | %
End of period |  | 38.8 | % |  | 33.1 | % |  | 38.8 | % |  | 33.1 | %
NuScale LLC Class B Units (NCI) |  |  |  |  |  |  |  |
Beginning of period |  | 62.5 | % |  | 67.6 | % |  | 66.8 | % |  | 69.4 | %
End of period |  | 61.2 | % |  | 66.9 | % |  | 61.2 | % |  | 66.9 | %
Schedule of Earnings Per Share, Basic and Diluted | 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 September 30, |  | As of and for the Nine Months Ended September 30,
(in thousands, except share and per share amounts) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net loss attributable to Class A common stockholders |  | $ | (17,459) |  |  | $ | (19,122) |  |  | $ | (61,648) |  |  | $ | (39,607) |
Weighted-average shares for basic and diluted loss per share |  | 95,197,500 |  |  | 74,836,884 |  |  | 88,137,939 |  |  | 72,235,763 |
Basic and Diluted loss per share of Class A common stock |  | $ | (0.18) |  |  | $ | (0.26) |  |  | $ | (0.70) |  |  | $ | (0.55) |
Anti-dilutive securities excluded from shares outstanding: |  |  |  |  |  |  |  |
Shares of Class B common stock |  | 154,266,400 |  |  | 154,556,518 |  |  | 154,266,400 |  |  | 154,556,518 |
Stock options |  | 7,684,894 |  |  | 9,606,510 |  |  | 7,684,894 |  |  | 9,606,510 |
Warrants |  | 18,455,747 |  |  | 18,458,701 |  |  | 18,455,747 |  |  | 18,458,701 |
Time-based RSUs |  | 5,296,625 |  |  | 3,335,535 |  |  | 5,296,625 |  |  | 3,335,535 |
Total |  | 185,703,666 |  |  | 185,957,264 |  |  | 185,703,666 |  |  | 185,957,264 |

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