NPWR (NET Power Inc.) Stock Financials & Earnings | Market Cap Arena

NPWR (NET Power Inc.) Stock Financials & Earnings | Market Cap Arena

NPWRNET Power Inc.

Mkt Cap$164M

Industrials·Industrial - Machinery·🇺🇸 United States·NYSE

Revenue (TTM)$0

Net Income (TTM)-$579M

EPS (TTM)-$7.34

Free Cash Flow (TTM)-$154M

Gross Margin—

Op. Margin—

Net Margin—

FCF Margin—

P/S Ratio (TTM)—

P/E Ratio (TTM)—

YoY Rev Growth-100.0%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$50K	-$128K	-$17M
Q2 23	$125K	-$179K	-$132M
Q3 23	$0	-$289K	-$39M
Q4 23	$0	-$406K	-$40M
Q1 24	$0	-$324K	-$39M
Q2 24	$238K	-$661K	-$45M
Q3 24	$12K	$11K	-$47M
Q4 24	$0	-$21M	-$50M
Q1 25	$0	-$4M	-$475M
Q2 25	$0	-$22M	-$91M
Q3 25	$0	-$16M	-$61M
Q4 25	$0	$42M	$626M

Valuation

Quarter	P/S	P/E
Q1 23	405.1x	—
Q2 23	509.5x	—
Q3 23	906.4x	—
Q4 23	937.5x	—
Q1 24	1312.5x	—
Q2 24	689.3x	—
Q3 24	656.3x	21.5x
Q4 24	656.3x	—
Q1 25	656.3x	—
Q2 25	13671.9x	—
Q3 25	—	—
Q4 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$5M	-$6M
Q2 23	-$41M	-$43M
Q3 23	-$35M	-$39M
Q4 23	-$3M	-$8M
Q1 24	-$3M	-$12M
Q2 24	-$8M	-$16M
Q3 24	-$8M	-$30M
Q4 24	-$13M	-$43M
Q1 25	-$20M	-$30M
Q2 25	-$25M	-$28M
Q3 25	-$48M	-$51M
Q4 25	-$28M	-$45M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$615K
Q2 23	$2M
Q3 23	$4M
Q4 23	$5M
Q1 24	$10M
Q2 24	$8M
Q3 24	$22M
Q4 24	$30M
Q1 25	$9M
Q2 25	$3M
Q3 25	$3M
Q4 25	$17M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	-77.7%	+68.7%
Q2 23	-39.9%	+844.1%
Q3 23	-100.0%	+2889.1%
Q4 23	-100.0%	+186.2%
Q1 24	-100.0%	+126.9%
Q2 24	+90.4%	-65.7%
Q3 24	—	+22.2%
Q4 24	—	+24.7%
Q1 25	—	+1123.6%
Q2 25	-100.0%	+100.8%
Q3 25	-100.0%	+28.4%
Q4 25	—	-1340.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$5M	9264.0%
Q2 23	$0	0.0%
Q3 23	$7M	—
Q4 23	$8M	—
Q1 24	$6M	—
Q2 24	$9M	3584.5%
Q3 24	$9M	74958.3%
Q4 24	$0	—
Q1 25	$10M	—
Q2 25	$14M	—
Q3 25	$0	—
Q4 25	$22M	—

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 23	$8M	$6M	$340K	—
Q2 23	$18M	$32M	$684K	—
Q3 23	$9M	$8M	$931K	—
Q4 23	$4M	$8M	$704K	—
Q1 24	$22M	$6M	$751K	—
Q2 24	$15M	$8M	$876K	—
Q3 24	$18M	$8M	$1M	—
Q4 24	$20M	—	—	$9M
Q1 25	$45M	$9M	$1M	—
Q2 25	$54M	$14M	$1M	—
Q3 25	$35M	—	—	$11M
Q4 25	—	$18M	$2M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$5M	$0	$5M
Q2 23	$649M	$0	$649M
Q3 23	$545M	$100M	$645M
Q4 23	$537M	$100M	$637M
Q1 24	$429M	$169M	$598M
Q2 24	$405M	$174M	$579M
Q3 24	$386M	$173M	$559M
Q4 24	$329M	$178M	$508M
Q1 25	$300M	$191M	$491M
Q2 25	$284M	$119M	$403M
Q3 25	$229M	$136M	$365M
Q4 25	$199M	$138M	$338M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	43M	+0.0%
Q2 23	67M	+56.2%
Q3 23	69M	+2.4%
Q4 23	71M	+3.4%
Q1 24	72M	+0.9%
Q2 24	72M	-0.0%
Q3 24	74M	+2.3%
Q4 24	77M	+4.4%
Q1 25	77M	+0.3%
Q2 25	78M	+0.9%
Q3 25	78M	+0.2%
Q4 25	79M	+1.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$4K	68
FY 25	$0	54