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NET Power NPWR Q4 2025 Annual earnings

Reported March 9, 2026 · After market close

Revenue-
EPS-$0.20Miss by $0.11
EPS estimate-$0.09

Next report

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

Financials

Q4 2025

Income statement

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Revenue-—
Gross profit-—
Operating income-$70.1M-39.1%
Net income-$19.6M+42.8%
EPS (diluted)-$0.13+71.7%

Balance sheet

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Cash & equivalents$201.9M-39.1%
Total debt$3.9M+18.8%
Total equity$203.9M-68.9%
Total assets$599.7M-73.9%

Cash flow

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Operating cash flow-$27.8M-114%
CapEx$18.1M-37.8%
Free cash flow-$45.9M-9.1%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$191.34M-76.0%
Enterprise value-$6.61M-101%

Returns & leverage

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Return on equity-134.6%-142pp
Debt / equity0×0.0×
Current ratio7.2×-21.4×

FAQ

When did NET Power report Q4 2025 earnings?
NET Power (NPWR) reported Q4 2025 earnings on March 9, 2026 after market close.
What were NET Power's Q4 2025 revenue and EPS?
NET Power reported revenue of - and eps of $-0.20 for Q4 2025.
Did NET Power beat estimates in Q4 2025?
EPS missed the consensus estimate of $-0.09 by $0.11.
How did NET Power's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 100.0% from $250.0K a year earlier and eps grew 56.5% from $-0.46.
Where can I find NET Power's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001845437-26-000007) and the 10-K periodic report (0001845437-26-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.