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NET Power NPWR Project development

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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%
Free cash flow-$59.3M-102%

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

Reported directly by NET Power in its filing.

Tagged under the XBRL concept npwr:ProjectDevelopmentExpense.

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 project development?
NET Power (NPWR) reported project development of $1M in Q1 2026.
How has NET Power's project development changed year-over-year?
NET Power's project development decreased by 77.6% year-over-year, from $4.49M to $1M.
What is the long-term trend for NET Power's project development?
Over 3 years (2022 to 2025), NET Power's project development has grown at a 1589.8% compound annual growth rate (CAGR), from $15K to $72.38M.
What does project development mean?
Represents the costs incurred to advance specific infrastructure or technology deployment projects from conceptual design to commercial readiness. This includes feasibility studies, site acquisition, permitting, and engineering efforts required to bring a project to a final investment decision. Monitoring this expense helps investors assess the company's progress in scaling its technology and building its project pipeline.