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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-$34.2M+92.8%
Net income-$9.9M+91.7%
EPS (diluted)-$0.12+92.3%

Balance sheet

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Cash & equivalents$134.3M-55.6%
Total debt$3.6M+28.6%
Total equity$205.3M-67.8%
Total assets$542.8M-70.5%

Cash flow

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Operating cash flow-$51.1M-151%
CapEx$8.2M-8.2%

Valuation

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Market cap$147.6M-21.2%
Enterprise value$16.8M-115%

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-111.4%-154pp
Debt / equity0.0×
Current ratio23.8×+0.5×

Where this comes from

Calculated from NET Power’s reported figures.

The official record: NET Power’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NET Power's free cash flow?
NET Power (NPWR) reported free cash flow of -$59.3M in Q1 2026.
How has NET Power's free cash flow changed year-over-year?
NET Power's free cash flow decreased by 102.4% year-over-year, from -$29.31M to -$59.3M.
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.