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| Date | Value |
|---|---|
| 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 |