NET Power (NPWR-WT) Operating Expenses (2021 - 2026)
NET Power's (NPWR-WT) quarterly Operating Expenses came in at $34.2 million in Q1 2026, down 92.79% year-on-year from $474.6 million in Q1 2025, and down 51.26% on a QoQ basis from $70.1 million in Q4 2025.
NET Power (NPWR-WT) Operating Expenses (2021 - 2026) Analysis & Trends
NET Power (NPWR-WT) has 6 years of Operating Expenses data on file, last reported at $34.2 million in Q1 2026.
- On a quarterly basis, Operating Expenses fell 92.79% year-over-year to $34.2 million in Q1 2026; TTM through Mar 2026 was $1.4 billion, a 118.92% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, up 886.97% from the prior year.
- Operating Expenses for Q1 2026 stood at $34.2 million, down from $70.1 million in the prior quarter.
- Over the last five years, Operating Expenses for NPWR-WT reached as high as $1.2 billion in Q3 2025 and fell as low as $323183.0 in Q1 2022.
- Historically, Operating Expenses has averaged $145.8 million across 5 years, with a median of $46.2 million in 2024.
- Across the five-year window, Operating Expenses jumped 5340.23% in 2022 and sank 92.79% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $14.1 million in 2022, then soared by 983.7% to $153.1 million in 2023, then slumped by 67.05% to $50.4 million in 2024, then soared by 39.07% to $70.1 million in 2025, then sank by 51.26% to $34.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $34.2 million in Q1 2026, $70.1 million in Q4 2025, and $1.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 1.48 Bn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 1.20 Bn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 1.32 Bn |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | - |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 1.41 Bn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 658.00 Mn |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 370.70 Mn |
| 10 | NET Power | 15.48 Mn | 15.48 Mn | - | 34.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 34.19 Mn |
| Dec 31, 2025 | 70.15 Mn |
| Sep 30, 2025 | 1.16 Bn |
| Jun 30, 2025 | 90.56 Mn |
| Mar 31, 2025 | 474.55 Mn |
| Dec 31, 2024 | 50.44 Mn |
| Sep 30, 2024 | 47.26 Mn |
| Jun 30, 2024 | 45.06 Mn |
| Mar 31, 2024 | 38.78 Mn |
| Sep 30, 2023 | 153.06 Mn |
| Jun 30, 2023 | 114.39 Mn |
| Mar 31, 2023 | 17.09 Mn |
| Dec 31, 2022 | 14.12 Mn |
| Sep 30, 2022 | 12.35 Mn |
| Jun 30, 2022 | 13.79 Mn |
| Mar 31, 2022 | 323,183.00 |
| Sep 30, 2021 | 226,939.00 |
| Mar 31, 2021 | 35,288.00 |