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
DateValue
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