What is NET Power's invested capital?

NET Power (NPWR) reported invested capital of $74.53M in Q1 2026.

How has NET Power's invested capital changed year-over-year?

NET Power's invested capital decreased by 77.9% year-over-year, from $337.48M to $74.53M.

What is the long-term trend for NET Power's invested capital?

Over 3 years (2022 to 2025), NET Power's invested capital has grown at a -47.1% compound annual growth rate (CAGR), from -$40.15M to $5.96M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

NET Power NPWR Invested capital

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue-—

Gross profit-—

Operating income-$34.2M+92.8%

Net income-$9.9M+91.7%

EPS (diluted)-$0.12+92.3%

Balance sheet

See full

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

See full

Operating cash flow-$51.1M-151%

CapEx$8.2M-8.2%

Free cash flow-$59.3M-102%

Valuation

See full

Market cap$147.6M-21.2%

Enterprise value$16.8M-115%

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-111.4%-154pp

Debt / equity0×0.0×

Current ratio23.8×+0.5×

Where this comes from

Calculated from NET Power’s reported figures.

$3.6Mtotal debt+$205.3Mtotal stockholders equity−$134.3Mcash and equivalents=$74.53M

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 invested capital?: NET Power (NPWR) reported invested capital of $74.53M in Q1 2026.
How has NET Power's invested capital changed year-over-year?: NET Power's invested capital decreased by 77.9% year-over-year, from $337.48M to $74.53M.
What is the long-term trend for NET Power's invested capital?: Over 3 years (2022 to 2025), NET Power's invested capital has grown at a -47.1% compound annual growth rate (CAGR), from -$40.15M to $5.96M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).