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NET Power NPWR Free cash flow

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Other financials

Income statement

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Revenue-
Gross profit-
Operating income-$209.9M-132%
Net income-$80.3M-185%
EPS (diluted)-$0.91-153%

Balance sheet

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Cash & equivalents$119.1M-58.4%
Total debt$3.3M-21.9%
Total equity$83.5M-86.4%
Total assets$338.3M-81.1%

Cash flow

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Operating cash flow-$9.6M+60.8%
CapEx$793.0K-74.4%

Valuation

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Market cap$160.15M-21.8%
Enterprise value$44.32M-157%

Profitability

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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

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Return on equity-149%-191pp
Debt / equity0.0×
Current ratio17.8×+8.0×

Where this comes from

Calculated from NET Power’s reported figures.

The source filing: NET Power’s 10-Q, filed August 13, 2026. Open the filing →

Filed
Aug 13, 2026, 5:16 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001845437-26-000033

FAQ

What is NET Power's free cash flow?
NET Power (NPWR) reported free cash flow of -$10.43M in Q2 2026.
How has NET Power's free cash flow changed year-over-year?
NET Power's free cash flow increased by 62.3% year-over-year, from -$27.69M to -$10.43M.
What is the long-term trend for NET Power's free cash flow?
Over 2 years (2023 to 2025), NET Power's free cash flow has grown at a 20.7% compound annual growth rate (CAGR), from -$105.66M to -$154M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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