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NET Power NPWR Q3 2025 earnings

Reported November 13, 2025 · After market close

Revenue-
EPS$5.84Beat by $6.00
EPS estimate-$0.16

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue--100%
Gross profit--100%
Operating income-$1.2B-2,348%
Net income-$411.5M-50,405%
EPS (diluted)-$5.28-52,900%

Balance sheet

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Cash & equivalents$231.8M-40.4%
Total debt$4.0M+26.7%
Total equity$143.8M-81.3%
Total assets$629.9M-73.0%

Cash flow

See full
Operating cash flow-$48.0M-512%
CapEx$3.1M-86.1%
Free cash flow-$51.1M-69.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$234.43M-53.1%
Enterprise value$6.64M-94.2%

Returns & leverage

See full
Return on equity-130.2%-147pp
Debt / equity0×0.0×
Current ratio16.6×-4.4×

Versus estimates

Revenue

Q4 2024$250.0K

Diluted EPS

Q1 2026-$0.12Miss by $0.05Q4 2025-$0.20Miss by $0.11
Q3 2025$5.84Beat by $6.00
Q2 2025-$0.36Miss by $0.24Q1 2025-$1.55Miss by $1.44Q4 2024-$0.46Miss by $0.33

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Questions, answered.

When did NET Power report Q3 2025 earnings?
NET Power (NPWR) reported Q3 2025 earnings on November 13, 2025 after market close.
What were NET Power's Q3 2025 revenue and EPS?
NET Power reported revenue of - and eps of $5.84 for Q3 2025.
Did NET Power beat estimates in Q3 2025?
EPS beat the consensus estimate of $-0.16 by $6.00.
How did NET Power's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 100.0% from $12.0K a year earlier and eps grew 58300.0% from $0.01.
Where can I find NET Power's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001845437-25-000060) and the 10-Q periodic report (0001845437-25-000061) directly on SEC EDGAR. The filing index links above go to sec.gov.