Net Power (NPWR) Free Cash Flow (2021 - 2026)
NET Power (NPWR) posted quarterly Free Cash Flow of -$50.9 million for Q1 2026, down 73.56% year-over-year from -$192.4 million in Q1 2025, and down 309.85% quarter-over-quarter from -$12.4 million in Q4 2025.
Net Power (NPWR) Free Cash Flow (2021 - 2026) Analysis & Trends
NET Power (NPWR) has reported Free Cash Flow for 6 consecutive years, with -$50.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow fell 73.56% year-over-year to -$50.9 million; the TTM figure through Mar 2026 stood at -$142.1 million (down 3528.09% YoY), while the FY2025 annual figure was -$120.5 million, down 266.85% from the prior year.
- Free Cash Flow slipped to -$50.9 million in Q1 2026 per NPWR's latest filing, from -$12.4 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $25.4 million in Q4 2024 and bottomed at -$51.1 million in Q3 2025.
- Historically, Free Cash Flow has averaged -$18.0 million across 5 years, with a median of -$12.3 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow sank 5613.57% — and 2026, when it slumped 73.56%.
- NET Power's Free Cash Flow stood at -$4.1 million in 2022, then sank by 759.82% to -$35.4 million in 2023, then jumped by 171.78% to $25.4 million in 2024, then slumped by 148.88% to -$12.4 million in 2025, then tumbled by 309.85% to -$50.9 million in 2026.
- Business Quant data shows NPWR's Free Cash Flow at -$50.9 million in Q1 2026, -$12.4 million in Q4 2025, and -$51.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn | 5.11 Bn |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn | 874.00 Mn |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn | 881.00 Mn |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn | 1.32 Bn |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn | 1.25 Bn |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn | 631.00 Mn |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn | 451.68 Mn |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn | 654.00 Mn |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn | 268.90 Mn |
| 10 | Net Power | 151.61 Mn | 151.61 Mn | - | -10.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -10.43 Mn |
| Jun 30, 2026 | -10.43 Mn |
| Mar 31, 2026 | -50.86 Mn |
| Mar 31, 2026 | -50.86 Mn |
| Dec 31, 2025 | -12.41 Mn |
| Dec 31, 2025 | -12.41 Mn |
| Sep 30, 2025 | -51.11 Mn |
| Sep 30, 2025 | -51.11 Mn |
| Jun 30, 2025 | -27.69 Mn |
| Jun 30, 2025 | -27.69 Mn |
| Mar 31, 2025 | -29.31 Mn |
| Mar 31, 2025 | -29.31 Mn |
| Dec 31, 2024 | 25.39 Mn |
| Dec 31, 2024 | 25.39 Mn |
| Mar 31, 2024 | -12.18 Mn |
| Mar 31, 2024 | -12.18 Mn |
| Sep 30, 2023 | -35.37 Mn |
| Sep 30, 2023 | -35.37 Mn |
| Jun 30, 2023 | -35.98 Mn |
| Jun 30, 2023 | -35.98 Mn |