NET Power (NPWR-WT) Research & Development (2022 - 2026)
NET Power's (NPWR-WT) quarterly Research & Development came in at $1.2 million in Q1 2026, little changed year-on-year from $1.2 million in Q1 2025, and down 98.76% on a QoQ basis from $95.4 million in Q4 2025.
NET Power (NPWR-WT) Research & Development (2022 - 2026) Analysis & Trends
NET Power (NPWR-WT) has 5 years of Research & Development data on file, last reported at $1.2 million in Q1 2026.
- On a quarterly basis, Research & Development changed 0.0% year-over-year to $1.2 million in Q1 2026; TTM through Mar 2026 was $122.7 million, a 213.17% increase from a year earlier, with the FY2025 full-year figure at $99.5 million, up 55.84% from the prior year.
- Research & Development for Q1 2026 stood at $1.2 million, down from $95.4 million in the prior quarter.
- Over the last five years, Research & Development for NPWR-WT reached as high as $95.4 million in Q4 2025 and fell as low as $136000.0 in Q3 2022.
- Historically, Research & Development has averaged $11.0 million across 5 years, with a median of $1.1 million in 2023.
- Across the five-year window, Research & Development slumped 35.54% in 2023 and jumped 1494.57% in 2024, its largest moves.
- Year by year, Research & Development stood at $297000.0 in 2022, then jumped by 265.99% to $1.1 million in 2023, then surged by 1718.77% to $19.8 million in 2024, then soared by 382.72% to $95.4 million in 2025, then slumped by 98.76% to $1.2 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $1.2 million in Q1 2026, $95.4 million in Q4 2025, and $24.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 211.00 Mn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | - |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 358.00 Mn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 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 | - |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 180.00 Mn |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | - |
| 10 | NET Power | 15.48 Mn | 15.48 Mn | - | 1.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.19 Mn |
| Dec 31, 2025 | 95.43 Mn |
| Sep 30, 2025 | 24.54 Mn |
| Jun 30, 2025 | 1.49 Mn |
| Mar 31, 2025 | 1.19 Mn |
| Dec 31, 2024 | 19.77 Mn |
| Sep 30, 2024 | 17.33 Mn |
| Jun 30, 2024 | 876,000.00 |
| Mar 31, 2024 | 751,000.00 |
| Sep 30, 2023 | 1.09 Mn |
| Jun 30, 2023 | 156,000.00 |
| Mar 31, 2023 | 340,000.00 |
| Dec 31, 2022 | 297,000.00 |
| Sep 30, 2022 | 136,000.00 |
| Jun 30, 2022 | 242,000.00 |