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NET Power NPWR Q1 2025 earnings

Reported May 12, 2025 · After market close

Revenue-
EPS-$1.55Miss by $1.44
EPS estimate-$0.11

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$9.0M
EPS estimate-$0.07

Financials

Q1 2025

Income statement

See full
Revenue-
Gross profit-
Operating income-$474.6M-1,124%
Net income-$119.4M-945%
EPS (diluted)-$1.55-869%

Balance sheet

See full
Cash & equivalents$302.5M-29.4%
Total debt$2.8M+31.9%
Total equity$637.2M-3.4%
Total assets$1.8B-24.8%

Cash flow

See full
Operating cash flow-$20.4M-665%
CapEx$8.9M-6.2%
Free cash flow-$29.3M-141%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$202.68M-75.0%
Enterprise value-$97.05M-125%
P/S810.7×-3,828×

Profitability

See full
Gross margin87.6%-10.7pp
Operating margin-246,836.4%+175,654pp
Net margin-62,848%-4,518pp
FCF margin-46,968.4%-9,888pp

Returns & leverage

See full
Return on equity-24.2%
Debt / equity0.0×
Current ratio23.3×-33.6×

Versus estimates

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Questions, answered.

When did NET Power report Q1 2025 earnings?
NET Power (NPWR) reported Q1 2025 earnings on May 12, 2025 after market close.
What were NET Power's Q1 2025 revenue and EPS?
NET Power reported revenue of - and eps of $-1.55 for Q1 2025.
Did NET Power beat estimates in Q1 2025?
EPS missed the consensus estimate of $-0.11 by $1.44.
How did NET Power's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, eps declined 868.8% from $-0.16.
Where can I find NET Power's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001845437-25-000027) directly on SEC EDGAR. The filing index links above go to sec.gov.