Net Power (NPWR) Operating Expenses (2021 - 2026)
NET Power (NPWR) posted quarterly Operating Expenses of $34.2 million for Q1 2026, down 92.79% year-over-year from $474.6 million in Q1 2025, and down 51.26% quarter-over-quarter from $70.1 million in Q4 2025.
Net Power (NPWR) Operating Expenses (2021 - 2026) Analysis & Trends
NET Power (NPWR) has reported Operating Expenses for 6 consecutive years, with $34.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 92.79% year-over-year to $34.2 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 118.92% YoY), while the FY2025 annual figure was $1.8 billion, up 886.97% from the prior year.
- Operating Expenses eased to $34.2 million in Q1 2026 per NPWR's latest filing, from $70.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.2 billion in Q3 2025 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 5340.23% — and 2026, when it tumbled 92.79%.
- NET Power's Operating Expenses stood at $14.1 million in 2022, then jumped by 983.7% to $153.1 million in 2023, then slumped by 67.05% to $50.4 million in 2024, then jumped by 39.07% to $70.1 million in 2025, then sank by 51.26% to $34.2 million in 2026.
- Business Quant data shows NPWR's Operating Expenses at $34.2 million in Q1 2026, $70.1 million in Q4 2025, and $1.2 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 258.13 Bn | 245.01 Bn | 2.36 Bn | 1.71 Bn |
| 2 | Eaton | 163.76 Bn | 163.06 Bn | 2.86 Bn | 1.46 Bn |
| 3 | Parker-Hannifin | 126.24 Bn | 125.76 Bn | 2.02 Bn | 884.00 Mn |
| 4 | Emerson Electric | 87.64 Bn | 85.46 Bn | 2.66 Bn | 1.34 Bn |
| 5 | Cummins | 81.31 Bn | 76.64 Bn | 2.47 Bn | 1.28 Bn |
| 6 | Illinois Tool Works | 81.04 Bn | 80.20 Bn | 1.90 Bn | - |
| 7 | Ametek | 54.80 Bn | 54.30 Bn | 735.04 Mn | 1.52 Bn |
| 8 | Rockwell Automation | 48.68 Bn | 48.20 Bn | 1.14 Bn | 663.00 Mn |
| 9 | Ingersoll Rand | 31.42 Bn | 30.25 Bn | 862.60 Mn | 400.80 Mn |
| 10 | Net Power | 151.61 Mn | 151.61 Mn | - | 209.94 Mn |
Historic Data
Download 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 |