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
DateValue
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