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NET Power Inc. logo

NET Power Inc.

NPWR

NYSEIndustrialsIndustrial - Machinery

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Previous close

$1.70

+$0.04 · +2.41%

Aug 21, 4:00 PM ET

NPWR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

40

Expensive

Momentum

20

Strong Down

Sentiment

43

Mixed

Risk resilience

31

High Risk

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Company profile

Company website

NET Power Inc. functions as a pioneering firm in the realm of sustainable energy solutions. Its core business involves the conceptualization, refinement, and commercialization (via licensing) of innovative technologies designed for generating eco-friendly power. This enterprise, which commenced operations in 2010, maintains its principal offices in Durham, North Carolina.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
US
CEO
Daniel Joseph Rice
Listed since
Aug 6, 2021
Employees
54

Market position

Day range

Current $1.70

52-week range

Current $1.70

Open
$1.675
Previous close
$1.66
Volume
507.31K
0.62× average
Average volume
816.5K
Average daily volume
Market cap
150.25M USD
Beta
1.07
Market reference 1
50-day average
$1.6042
+5.97% above average
200-day average
$2.0471
-16.95% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
-15.93M USD
EV / EBITDA
0.01×
Earnings yield
-321.92%
Free cash flow yield
-85.69%

Profitability & efficiency

Return on equity
-283.73%
Return on assets
-96.47%
Return on invested capital
-50.38%

Financial health

Current ratio
7.24×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends13076%-38985%-91046%-143107%Gross margin, FY2021: 60.58%Gross margin, FY2022: 52.59%Gross margin, FY2023: -532.57%Gross margin, FY2024: -685.20%Operating margin, FY2021: -1793.11%Operating margin, FY2022: -8625.00%Operating margin, FY2023: -130091.43%Operating margin, FY2024: -72528.40%Net margin, FY2021: -1820.54%Net margin, FY2022: -9444.48%Net margin, FY2023: -44132.57%Net margin, FY2024: -19676.40%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 60.58%. Gross margin FY2022 52.59%. Gross margin FY2023 -532.57%. Gross margin FY2024 -685.20%. Operating margin FY2021 -1793.11%. Operating margin FY2022 -8625.00%. Operating margin FY2023 -130091.43%. Operating margin FY2024 -72528.40%. Net margin FY2021 -1820.54%. Net margin FY2022 -9444.48%. Net margin FY2023 -44132.57%. Net margin FY2024 -19676.40%.

Income trends

Revenue

250K USD+42.86%

Operating income

−279.53M USD-54.16%

Net income

−578.53M USD-1076.09%
Income trends across reported periods60.17M USD−172.09M USD−404.34M USD−636.59M USDRevenue, FY2021: 2.1M USDRevenue, FY2022: 580K USDRevenue, FY2023: 175K USDRevenue, FY2024: 250K USDOperating income, FY2021: −37.71M USDOperating income, FY2022: −50.03M USDOperating income, FY2023: −227.66M USDOperating income, FY2024: −181.32M USDOperating income, FY2025: −279.53M USDNet income, FY2021: −38.29M USDNet income, FY2022: −54.78M USDNet income, FY2023: −77.23M USDNet income, FY2024: −49.19M USDNet income, FY2025: −578.53M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.1M USD. Revenue FY2022 580K USD. Revenue FY2023 175K USD. Revenue FY2024 250K USD. Operating income FY2021 −37.71M USD. Operating income FY2022 −50.03M USD. Operating income FY2023 −227.66M USD. Operating income FY2024 −181.32M USD. Operating income FY2025 −279.53M USD. Net income FY2021 −38.29M USD. Net income FY2022 −54.78M USD. Net income FY2023 −77.23M USD. Net income FY2024 −49.19M USD. Net income FY2025 −578.53M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue—250K USD175K USD580K USD2.1M USD
Cost of goods sold62.39M USD1.96M USD1.11M USD275K USD829K USD
Gross profit−62.39M USD−1.71M USD−932K USD305K USD1.27M USD
Research and development99.51M USD63.85M USD40.03M USD18.95M USD10.11M USD
Selling, general, and administrative45.26M USD33.51M USD39.92M USD17.99M USD16.14M USD
Operating expenses217.14M USD179.61M USD226.73M USD50.33M USD38.98M USD
Interest income20.3M USD31.39M USD19.48M USD4.9M USD18.34K USD
Interest expense———4.79M USD—
Depreciation and amortization62.39M USD14.29M USD13.04M USD13.39M USD12.74M USD
Operating income−279.53M USD−181.32M USD−227.66M USD−50.03M USD−37.71M USD
Net income−578.53M USD−49.19M USD−77.23M USD−54.78M USD−38.29M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
45%
5 beats, 6 misses, 0 met estimates
Average EPS surprise
+168.62%
11 comparable reports
Latest EPS result
-0.91
Estimate -0.07 · Miss by 1157.08%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates6.433.570.72-2.14Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual -0.46, estimate -0.13, surprise -253.85%, Miss. Q2 2025, reported May 12, 2025: actual -1.55, estimate -0.11, surprise -1309.09%, Miss. Q3 2025, reported Aug 11, 2025: actual -0.36, estimate -0.117, surprise -208.11%, Miss. Q4 2025, reported Nov 13, 2025: actual 5.84, estimate -0.156, surprise +3850.80%, Beat. Q1 2026, reported Mar 9, 2026: actual -0.2, estimate -0.092, surprise -117.23%, Miss. Q2 2026, reported May 11, 2026: actual -0.12, estimate -0.071, surprise -69.35%, Miss. Q3 2026, reported Aug 13, 2026: actual -0.91, estimate -0.072, surprise -1157.08%, Miss. Q4 2026, reported Nov 12, 2026: actual —, estimate -0.052, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates9.72M6.48M3.25M10.2KQ3 '24MissQ4 '24No estimateQ1 '25No estimateQ1 '26EstimateQ2 '26EstimateQ3 '26EstimateQ4 '26Estimate
Q3 2024, reported Aug 12, 2024: actual 238K USD, estimate 3M USD, surprise -92.07%, Miss. Q4 2024, reported Nov 12, 2024: actual 12K USD, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 10, 2025: actual 250K USD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 9, 2026: actual —, estimate 3M USD, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual —, estimate 9M USD, surprise —, Comparison unavailable. Q3 2026, reported Aug 13, 2026: actual —, estimate 9M USD, surprise —, Comparison unavailable. Q4 2026, reported Nov 12, 2026: actual —, estimate 9M USD, surprise —, Comparison unavailable.

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ETFs holding NPWR

Funds reporting this stock among their holdings, ordered by reported position size.

Defiance AI & Power Infrastructure ETF logoDefiance AI & Power Infrastructure ETFAIPO
Market value
2.91M
Weight
0.31%
AUM
940.88M USD
Expense ratio
0.69%
Price / 1D
$28.91-0.21%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.91M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
1.73M
Weight
0.00%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
665.32K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
590.16K
Weight
0.00%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
339.25K
Weight
0.00%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%
Schwab U.S. Small-Cap ETF logoSchwab U.S. Small-Cap ETFSCHA
Market value
300.22K
Weight
0.00%
AUM
23.1B USD
Expense ratio
0.03%
Price / 1D
$34.83+0.52%
Cohen & Steers Future of Energy Active ETF logoCohen & Steers Future of Energy Active ETFCSEN
Market value
261.65K
Weight
0.13%
AUM
—
Expense ratio
0.00%
Price / 1D
$25.9051+0.26%

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