NET Power (NPWR) Research & Development (2022 - 2026)
NET Power (NPWR) reported Research & Development of $19.7 million for Q1 2026, down 12.83% year-over-year from $22.6 million in Q1 2025, and down 23.48% quarter-over-quarter from $25.7 million in Q4 2025.
NET Power (NPWR) Research & Development (2022 - 2026) Analysis & Trends
NET Power (NPWR) has 5 years of Research & Development data on file, last reported at $19.7 million in Q1 2026.
- Research & Development for Q1 2026 came in at $19.7 million, down 12.83% year-over-year; the trailing twelve-month figure through Mar 2026 was $96.6 million (up 28.49% YoY), and the FY2025 annual result was $99.5 million, up 55.84% from the prior year.
- Research & Development slipped to $19.7 million in Q1 2026 per NPWR's latest filing, from $25.7 million in the prior quarter.
- Over five years, Research & Development peaked at $26.6 million in Q2 2025 and troughed at -$7.4 million in Q4 2022.
- A 5-year average of $13.6 million and a median of $15.5 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2026: Research & Development soared 169.32% in 2024, then retreated 12.83% in 2026.
- A 5-year view of Research & Development shows it stood at -$7.4 million in 2022, then surged by 216.92% to $8.7 million in 2023, then jumped by 127.61% to $19.8 million in 2024, then surged by 30.23% to $25.7 million in 2025, then fell by 23.48% to $19.7 million in 2026.
- Business Quant data shows NPWR's Research & Development at $19.7 million in Q1 2026, $25.7 million in Q4 2025, and $24.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 251.14 Bn | 242.11 Bn | 1.78 Bn | 304.00 Mn |
| 2 | Eaton | 153.70 Bn | 153.00 Bn | 2.65 Bn | 211.00 Mn |
| 3 | Parker-Hannifin | 111.44 Bn | 110.97 Bn | 2.02 Bn | - |
| 4 | Cummins | 90.06 Bn | 87.33 Bn | 2.24 Bn | 358.00 Mn |
| 5 | Emerson Electric | 77.51 Bn | 75.74 Bn | 2.42 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 | - |
| 8 | Rockwell Automation | 50.08 Bn | 49.71 Bn | 1.13 Bn | 180.00 Mn |
| 9 | Dover | 28.99 Bn | 27.35 Bn | 798.14 Mn | - |
| 10 | NET Power | 141.73 Mn | 454.29 Mn | - | 19.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.70 Mn |
| Dec 31, 2025 | 25.75 Mn |
| Sep 30, 2025 | 24.54 Mn |
| Jun 30, 2025 | 26.62 Mn |
| Mar 31, 2025 | 22.60 Mn |
| Dec 31, 2024 | 19.77 Mn |
| Sep 30, 2024 | 17.33 Mn |
| Jun 30, 2024 | 15.48 Mn |
| Mar 31, 2024 | 11.24 Mn |
| Sep 30, 2023 | 8.69 Mn |
| Jun 30, 2023 | 5.75 Mn |
| Mar 31, 2023 | 6.46 Mn |
| Dec 31, 2022 | -7.43 Mn |
| Sep 30, 2022 | 3.99 Mn |
| Jun 30, 2022 | 3.75 Mn |