Net Power (NPWR) Research & Development (2022 - 2026)
NET Power (NPWR) posted quarterly Research & Development of $1.2 million for Q1 2026, little changed year-over-year from $1.2 million in Q1 2025, and down 98.76% quarter-over-quarter from $95.4 million in Q4 2025.
Net Power (NPWR) Research & Development (2022 - 2026) Analysis & Trends
NET Power (NPWR) has reported Research & Development for 5 consecutive years, with $1.2 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development changed 0.0% year-over-year to $1.2 million; the TTM figure through Mar 2026 stood at $122.7 million (up 213.17% YoY), while the FY2025 annual figure was $99.5 million, up 55.84% from the prior year.
- Research & Development fell to $1.2 million in Q1 2026 per NPWR's latest filing, from $95.4 million in the prior quarter.
- Across five years, Research & Development topped out at $95.4 million in Q4 2025 and bottomed at $136000.0 in Q3 2022.
- Historically, Research & Development has averaged $11.0 million across 5 years, with a median of $1.1 million in 2023.
- Annual changes were most pronounced in 2023 — Research & Development plunged 35.54% — and 2024, when it soared 1494.57%.
- NET Power's Research & Development stood at $297000.0 in 2022, then surged by 265.99% to $1.1 million in 2023, then soared by 1718.77% to $19.8 million in 2024, then jumped by 382.72% to $95.4 million in 2025, then slumped by 98.76% to $1.2 million in 2026.
- Business Quant data shows NPWR's Research & Development at $1.2 million in Q1 2026, $95.4 million in Q4 2025, and $24.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 259.17 Bn | 246.05 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Eaton | 161.52 Bn | 160.83 Bn | 2.86 Bn | 227.00 Mn |
| 3 | Parker-Hannifin | 126.40 Bn | 125.92 Bn | 2.02 Bn | - |
| 4 | Emerson Electric | 86.56 Bn | 84.38 Bn | 2.66 Bn | - |
| 5 | Cummins | 81.89 Bn | 77.22 Bn | 2.47 Bn | 385.00 Mn |
| 6 | Illinois Tool Works | 80.94 Bn | 80.10 Bn | 1.90 Bn | - |
| 7 | Ametek | 54.90 Bn | 54.40 Bn | 735.04 Mn | - |
| 8 | Rockwell Automation | 47.96 Bn | 47.48 Bn | 1.14 Bn | 173.00 Mn |
| 9 | Ingersoll Rand | 30.93 Bn | 29.76 Bn | 862.60 Mn | - |
| 10 | Net Power | 145.87 Mn | 145.87 Mn | - | 4.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.22 Mn |
| Mar 31, 2026 | 1.19 Mn |
| Dec 31, 2025 | 95.43 Mn |
| Sep 30, 2025 | 24.54 Mn |
| Jun 30, 2025 | 1.49 Mn |
| Mar 31, 2025 | 1.19 Mn |
| Dec 31, 2024 | 19.77 Mn |
| Sep 30, 2024 | 17.33 Mn |
| Jun 30, 2024 | 876,000.00 |
| Mar 31, 2024 | 751,000.00 |
| Sep 30, 2023 | 1.09 Mn |
| Jun 30, 2023 | 156,000.00 |
| Mar 31, 2023 | 340,000.00 |
| Dec 31, 2022 | 297,000.00 |
| Sep 30, 2022 | 136,000.00 |
| Jun 30, 2022 | 242,000.00 |