Fluor Raises $1.35 B from NuScale Sale, Posts $504 M Adjusted EBITDA in 2025
Fluor posted full-year 2025 revenue of $15.5 billion, adjusted EBITDA of $504 million and net loss of $51 million, funding $754 million in share buybacks and retiring $37 million debt. In Q1 2026, it monetized 71 million NuScale shares for $1.35 billion and launched 40 million share trading plan.
1. Full-Year 2025 Financial Results
Fluor generated $15.5 billion in revenue for 2025, recording an adjusted EBITDA of $504 million and a net loss of $51 million. The company allocated $754 million to repurchase 18 million shares and retired $37 million of debt, ending the year with $2.2 billion in cash and marketable securities.
2. Fourth-Quarter 2025 Highlights
In Q4 2025, Fluor reported a net loss of $1.6 billion, or $9.87 per diluted share, on revenue of $4.2 billion. Consolidated segment profit was $120 million, with adjusted EBITDA of $91 million and adjusted EPS of $0.33, while new awards declined to $1.1 billion from $2.3 billion a year earlier.
3. NuScale Stake Monetization
Fluor received proceeds of $605 million from NuScale in 2025 and an additional $1.35 billion in Q1 2026 for 71 million shares, with full monetization expected by end of Q2 2026. The company also launched a trading program for its remaining 40 million NuScale shares to maximize shareholder value.