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NET Power NPWR Q2 2025 earnings

Reported August 11, 2025 · After market close

Revenue-
EPS-$0.36Miss by $0.24
EPS estimate-$0.12

Next report

Nov 12, 2026 (in 2 months)
Revenue estimate$9.0M
EPS estimate-$0.05

Financials

Q2 2025

Income statement

See full
Revenue--100%
Gross profit--100%
Operating income-$90.6M-102%
Net income-$28.1M-559%
EPS (diluted)-$0.36-500%

Balance sheet

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Cash & equivalents$286.5M-29.7%
Total debt$4.2M+111%
Total equity$616.2M-15.6%
Total assets$1.8B-24.1%

Cash flow

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Operating cash flow-$24.6M-201%
CapEx$3.1M-60.1%
Free cash flow-$27.7M-73.9%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$176.44M-75.0%
Enterprise value-$105.82M-135%
P/S14,703.3×+11,734×

Profitability

See full
Gross margin91.7%+4.3pp
Operating margin-5,523,266.7%-5,662,660pp
Net margin-1,508,283.3%-1,547,773pp
FCF margin-1,076,558.3%-1,129,620pp

Returns & leverage

See full
Return on equity-26.9%+98.0pp
Debt / equity0×0.0×
Current ratio9.8×-30.3×

FAQ

When did NET Power report Q2 2025 earnings?
NET Power (NPWR) reported Q2 2025 earnings on August 11, 2025 after market close.
What were NET Power's Q2 2025 revenue and EPS?
NET Power reported revenue of - and eps of $-0.36 for Q2 2025.
Did NET Power beat estimates in Q2 2025?
EPS missed the consensus estimate of $-0.12 by $0.24.
How did NET Power's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 100.0% from $238.0K a year earlier and eps declined 500.0% from $-0.06.
Where can I find NET Power's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001845437-25-000052) and the 10-Q periodic report (0001845437-25-000053) directly on SEC EDGAR. The filing index links above go to sec.gov.