NET Power Inc.
NPWR
Analytical Summary
On an absolute basis, NET Power Inc. shows weak fundamentals, weighed down by Interest Coverage. These readings use fixed quality thresholds rather than peer benchmarks, because too few comparable companies are available to rank against.
17-Year Financial Trajectory
Quarterlyinfo Signals below are graded against fixed quality thresholds, not peers — peer ranking needs more comparable companies.
Bullish Indicators
- No bullish signals detected.
Bearish Risks
- Interest CoverageInterest Coverage of -61784.41x is weak on an absolute basis (target > 5x)
Health Breakdown
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Sep 30, 2024 10-Q ↗ | Q2 FY2024 Jun 30, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2022 10-K ↗ | Q3 FY2023 Sep 30, 2023 10-Q ↗ | Q2 FY2023 Jun 30, 2023 10-Q ↗ | Q1 FY2023 Mar 31, 2023 10-Q ↗ | Q4 FY2022 Dec 31, 2021 10-K ↗ | Q3 FY2022 Sep 30, 2021 10-Q ↗ | Q2 FY2022 Jun 30, 2021 10-Q ↗ | Q1 FY2022 Dec 31, 2021 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth YoY (%) | — | — | N/M | N/M | — | N/M | — |
14.4%
Good
Good
Year-over-year change in total revenue
Optimal:
> 10%
vs Sector:
Above avg (+381%)
|
N/M | — | — | — | — | — | — | — | — |
| EPS Growth YoY (%) |
92.3%
Excellent
↑
Excellent
Improving
Year-over-year change in earnings per share
Optimal:
> 10%
|
71.7%
Excellent
↑
Excellent
Improving
Year-over-year change in earnings per share
Optimal:
> 10%
|
N/M |
-500.0%
Weak
↓
Weak
Declining
Year-over-year change in earnings per share
Optimal:
> 10%
|
-868.8%
Weak
↓
Weak
Declining
Year-over-year change in earnings per share
Optimal:
> 10%
|
92.0%
Excellent
↓
Excellent
Declining
Year-over-year change in earnings per share
Optimal:
> 10%
|
N/M |
98.4%
Excellent
Excellent
Year-over-year change in earnings per share
Optimal:
> 10%
|
96.5%
Excellent
Excellent
Year-over-year change in earnings per share
Optimal:
> 10%
|
— | — | — | — | — | — | — | — |
| Net Income Growth YoY (%) |
91.7%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
42.8%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
N/M |
-559.4%
Weak
↓
Weak
Declining
Year-over-year change in net income |
-945.0%
Weak
↓
Weak
Declining
Year-over-year change in net income |
-66.6%
Weak
↓
Weak
Declining
Year-over-year change in net income |
N/M |
69.0%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
33.1%
Excellent
↑
Excellent
Improving
Year-over-year change in net income |
N/M |
-185696.9%
Weak
↓
Weak
Declining
Year-over-year change in net income |
-38913.3%
Weak
Weak
Year-over-year change in net income |
-48264.9%
Weak
Weak
Year-over-year change in net income |
— | — | — | — |
| FCF Growth YoY (%) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Sep 30, 2024 10-Q ↗ | Q2 FY2024 Jun 30, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2022 10-K ↗ | Q3 FY2023 Sep 30, 2023 10-Q ↗ | Q2 FY2023 Jun 30, 2023 10-Q ↗ | Q1 FY2023 Mar 31, 2023 10-Q ↗ | Q4 FY2022 Dec 31, 2021 10-K ↗ | Q3 FY2022 Sep 30, 2021 10-Q ↗ | Q2 FY2022 Jun 30, 2021 10-Q ↗ | Q1 FY2022 Dec 31, 2021 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF Margin (%) (%) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| FCF / Net Income (x) N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Sep 30, 2024 10-Q ↗ | Q2 FY2024 Jun 30, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2022 10-K ↗ | Q3 FY2023 Sep 30, 2023 10-Q ↗ | Q2 FY2023 Jun 30, 2023 10-Q ↗ | Q1 FY2023 Mar 31, 2023 10-Q ↗ | Q4 FY2022 Dec 31, 2021 10-K ↗ | Q3 FY2022 Sep 30, 2021 10-Q ↗ | Q2 FY2022 Jun 30, 2021 10-Q ↗ | Q1 FY2022 Dec 31, 2021 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Invested Capital (%) | — | — | — | — | — | — | — | — | — | — | — | — | — |
0.5%
Weak
Weak
Return earned on debt + equity capital invested
Optimal:
> 10%
|
— | — |
0.1%
Weak
Weak
Return earned on debt + equity capital invested
Optimal:
> 10%
|
| Return on Capital (%) (%) |
-6.3%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
-11.7%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
-183.6%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
-5.1%
Weak
↑
Weak
Improving
Operating profit relative to total assets
Optimal:
> 10%
|
-25.8%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
-2.2%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
— | — | — |
-20.3%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
— | — | — |
-0.1%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
— | — |
-0.0%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
| Return on Common Equity (%) (%) | — | — | — | — | — | — | — | — | — | — | — | — | — |
-4.6%
Weak
Weak
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-146%)
|
— | — |
0.1%
Weak
Weak
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-99%)
|
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Sep 30, 2024 10-Q ↗ | Q2 FY2024 Jun 30, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2022 10-K ↗ | Q3 FY2023 Sep 30, 2023 10-Q ↗ | Q2 FY2023 Jun 30, 2023 10-Q ↗ | Q1 FY2023 Mar 31, 2023 10-Q ↗ | Q4 FY2022 Dec 31, 2021 10-K ↗ | Q3 FY2022 Sep 30, 2021 10-Q ↗ | Q2 FY2022 Jun 30, 2021 10-Q ↗ | Q1 FY2022 Dec 31, 2021 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage (x) |
-11397.33x
Weak
Weak
Operating income divided by interest expense
Optimal:
> 5x
|
— | — | — | — | — | — | — | — | — | — | — | — | — |
-1.57x
Weak
↓
Weak
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
-0.88x
Weak
Weak
Operating income divided by interest expense
Optimal:
> 5x
|
-0.21x
Weak
Weak
Operating income divided by interest expense
Optimal:
> 5x
|
| Net Debt (USD) | $-133.15M | $-199.43M | $-229.31M | $-284.02M | $-300.03M | $-329.23M | — | — | — | $-5.16M | — | — | — | — | — | — | — |
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Sep 30, 2024 10-Q ↗ | Q2 FY2024 Jun 30, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2022 10-K ↗ | Q3 FY2023 Sep 30, 2023 10-Q ↗ | Q2 FY2023 Jun 30, 2023 10-Q ↗ | Q1 FY2023 Mar 31, 2023 10-Q ↗ | Q4 FY2022 Dec 31, 2021 10-K ↗ | Q3 FY2022 Sep 30, 2021 10-Q ↗ | Q2 FY2022 Jun 30, 2021 10-Q ↗ | Q1 FY2022 Dec 31, 2021 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital (USD) | $298.00M | $296.30M | $347.30M | $366.68M | $476.55M | $495.12M | — | — | — | $-956.00K | — | — | — | $2.81M | — | — | $2.81M |
| Total Equity (USD) | — | — | — | — | — | — | — | — | — | — | — | — | — | $-38.56M | — | — | $-38.56M |
| Metric | Q1 FY2026 Mar 31, 2026 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Sep 30, 2025 10-Q ↗ | Q2 FY2025 Jun 30, 2025 10-Q ↗ | Q1 FY2025 Mar 31, 2025 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q3 FY2024 Sep 30, 2024 10-Q ↗ | Q2 FY2024 Jun 30, 2024 10-Q ↗ | Q1 FY2024 Mar 31, 2024 10-Q ↗ | Q4 FY2023 Dec 31, 2022 10-K ↗ | Q3 FY2023 Sep 30, 2023 10-Q ↗ | Q2 FY2023 Jun 30, 2023 10-Q ↗ | Q1 FY2023 Mar 31, 2023 10-Q ↗ | Q4 FY2022 Dec 31, 2021 10-K ↗ | Q3 FY2022 Sep 30, 2021 10-Q ↗ | Q2 FY2022 Jun 30, 2021 10-Q ↗ | Q1 FY2022 Dec 31, 2021 10-Q ↗ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue/Turnover (USD) | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $12.00K | $238.00K | $0.00 | $405.00K | $0.00 | $208.00K | $50.00K | — | — | — | — |
| Depreciation Expense (USD) | $3.41M | $3.45M | $15.58M | $21.67M | $21.69M | $21.33M | $20.21M | $20.05M | $20.03M | $7.58M | $24.95M | $3.33M | $3.33M | — | — | — | — |
| Net Income, GAAP (USD) | $-9.86M | $-19.64M | $-411.50M | $-28.14M | $-119.35M | $-34.32M | $818.00K | $-4.27M | $-11.42M | $-20.60M | $-65.56M | $-13.77M | $-17.07M | $1.76M | $-35.29K | $-35.29K | $-35.29K |
| Operating Cash Flow (USD) | $-51.10M | $-27.80M | $-48.01M | $-24.60M | $-20.37M | $-12.97M | $-7.84M | $-8.17M | $-2.66M | $-6.01M | $-35.37M | $-35.49M | $-5.14M | $-72.00K | $-1.23M | — | — |
Secondary lens
Benchmark Lens
Benchmarks are disabled until comparison data is defensible.
Unavailable
Benchmark Lens
Benchmarks are disabled until comparison data is defensible.
Benchmarks unavailable
Verdicts use absolute quality thresholds, not peer comparison — only 0 comparable companies are currently available for ranking.
Use Statement Evidence firstCompare NPWR with peers
Stack NPWR against similar companies across every metric on this page.
north_east Open comparisonbar_chart Data from SEC EDGAR XBRL filings
Synced 1 week ago 4 years · 17 quarters