NET Power (NPWR) Operating Expenses (2021 - 2026)

NET Power (NPWR) reported 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 6 years of Operating Expenses data on file, last reported at $34.2 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $34.2 million, down 92.79% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.4 billion (up 118.92% YoY), and the FY2025 annual result was $1.8 billion, up 886.97% from the prior year.
  • Operating Expenses fell to $34.2 million in Q1 2026 per NPWR's latest filing, from $70.1 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.2 billion in Q3 2025 and troughed at $323183.0 in Q1 2022.
  • A 5-year average of $138.6 million and a median of $41.9 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2026: Operating Expenses soared 5340.23% in 2022, then tumbled 92.79% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $14.1 million in 2022, then soared by 173.78% to $38.7 million in 2023, then jumped by 30.44% to $50.4 million in 2024, then soared by 39.07% to $70.1 million in 2025, then plunged 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 GE Vernova 251.14 Bn 242.11 Bn 1.78 Bn 1.60 Bn
2 Eaton 153.70 Bn 153.00 Bn 2.65 Bn 1.48 Bn
3 Parker-Hannifin 111.44 Bn 110.97 Bn 2.02 Bn 884.00 Mn
4 Cummins 90.06 Bn 87.33 Bn 2.24 Bn 1.20 Bn
5 Emerson Electric 77.51 Bn 75.74 Bn 2.42 Bn 1.32 Bn
6 Illinois Tool Works 72.86 Bn 72.03 Bn 1.76 Bn -
7 Ametek 51.86 Bn 51.38 Bn 717.56 Mn 1.41 Bn
8 Rockwell Automation 50.08 Bn 49.71 Bn 1.13 Bn 658.00 Mn
9 Dover 28.99 Bn 27.35 Bn 798.14 Mn 492.23 Mn
10 NET Power 141.73 Mn 454.29 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 38.67 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