Net Power (NPWR-WT) Operating Expenses (2021 - 2026)
Net Power's (NPWR-WT) quarterly Operating Expenses came in at $209.9 million in Q2 2026, up 131.84% year-over-year from $90.6 million in Q2 2025, and up 514.01% quarter-over-quarter from $34.2 million in Q1 2026.
Analysis
Net Power (NPWR-WT) Operating Expenses (2021 - 2026) Analysis & Trends
Net Power (NPWR-WT) has reported Operating Expenses for 6 consecutive years, with $209.9 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 131.84% year-over-year to $209.9 million in Q2 2026; TTM through Jun 2026 was $1.5 billion, a 121.9% increase from a year earlier, with the FY2025 full-year figure at $1.8 billion, up 886.97% from the prior year.
- Operating Expenses was $209.9 million for Q2 2026 at Net Power, up from $34.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.2 billion in Q3 2025 and troughed at $323183.0 in Q1 2022.
- A 5-year average of $149.6 million and a median of $47.3 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 5340.23% in 2022 and plunged 92.79% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $14.1 million in 2022, then surged by 983.7% to $153.1 million in 2023, then slumped by 67.05% to $50.4 million in 2024, then surged by 39.07% to $70.1 million in 2025, then soared by 199.3% to $209.9 million in 2026.
- The last three Operating Expenses figures came in at $209.9 million (Q2 2026), $34.2 million (Q1 2026), and $70.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vistra | 47.76 Bn | 45.89 Bn | 3.16 Bn | 392.00 Mn |
| 2 | Nrg Energy | 22.37 Bn | 22.21 Bn | 2.01 Bn | 6.54 Bn |
| 3 | Talen Energy | 12.95 Bn | 12.59 Bn | - | 186.00 Mn |
| 4 | Transalta | 3.42 Bn | 3.08 Bn | 313.03 Mn | 134.46 Mn |
| 5 | Kenon Holdings | 3.23 Bn | 1.47 Bn | 84.00 Mn | -24.00 Mn |
| 6 | Central Puerto | 2.07 Bn | -335.79 Bn | - | - |
| 7 | Hallador Energy | 680.60 Mn | 651.62 Mn | 62.37 Mn | 114.16 Mn |
| 8 | Net Power | 29.16 Mn | 29.16 Mn | - | 209.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 209.94 Mn |
| 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 |