NET Power (NPWR) EBITDA (2021 - 2026)

NET Power (NPWR) reported EBITDA of -$25.9 million for Q1 2026, up 93.06% year-over-year from -$13.4 million in Q1 2025, and down 102.5% quarter-over-quarter from $1.0 billion in Q4 2025.

NET Power (NPWR) EBITDA (2021 - 2026) Analysis & Trends

NET Power (NPWR) has 6 years of EBITDA data on file, last reported at -$25.9 million in Q1 2026.

  • EBITDA for Q1 2026 came in at -$25.9 million, up 93.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $571.2 million (up 219.88% YoY), and the FY2025 annual result was -$578.5 million, down 251.68% from the prior year.
  • EBITDA retreated to -$25.9 million in Q1 2026 per NPWR's latest filing, from $1.0 billion in the prior quarter.
  • Over five years, EBITDA peaked at $1.0 billion in Q4 2025 and troughed at -$411.4 million in Q3 2025.
  • A 5-year average of -$7.4 million and a median of -$17.3 million in 2022 frame the typical range for EBITDA.
  • On a YoY basis, EBITDA climbed as much as 1143.93% in 2025 and fell as far as 41326.45% in 2025.
  • A 5-year view of EBITDA shows it stood at -$17.4 million in 2022, then tumbled by 75.24% to -$30.6 million in 2023, then slumped by 224.92% to -$99.3 million in 2024, then jumped by 1143.93% to $1.0 billion in 2025, then slumped by 102.5% to -$25.9 million in 2026.
  • Business Quant data shows NPWR's EBITDA at -$25.9 million in Q1 2026, $1.0 billion in Q4 2025, and -$411.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 GE Vernova 251.14 Bn 242.11 Bn 1.78 Bn 179.00 Mn
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 1.17 Bn
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 1.13 Bn
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 949.00 Mn
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn 1.11 Bn
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn 1.02 Bn
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 514.94 Mn
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 467.00 Mn
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 305.91 Mn
10 NET Power 141.73 Mn 454.29 Mn - -25.94 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -25.94 Mn
Dec 31, 2025 1.04 Bn
Sep 30, 2025 -411.44 Mn
Jun 30, 2025 -28.12 Mn
Mar 31, 2025 -373.57 Mn
Dec 31, 2024 -99.30 Mn
Sep 30, 2024 998,000.00
Jun 30, 2024 -4.56 Mn
Mar 31, 2024 -11.20 Mn
Sep 30, 2023 -30.56 Mn
Jun 30, 2023 -110.59 Mn
Mar 31, 2023 -17.07 Mn
Dec 31, 2022 -17.44 Mn
Sep 30, 2022 -12.23 Mn
Jun 30, 2022 -13.77 Mn
Mar 31, 2022 -353,183.00
Sep 30, 2021 -261,939.00