NET Power Inc
NPWRBuild a strategy around NPWR
NET Power Inc AI Insights
Informational only. Not investment advice.Snapshot
- Zero revenue TTM with -260M operating loss and 136M R&D spend - pure pre-revenue technology play burning 152M FCF annually[Free Cash Flow TTM]
- 1.1B asset impairment charge TTM drove -593M net loss; tangible book value now negative at -40M despite 144M equity[Asset Impairment Charge]
- 229M cash with 152M annual burn = ~18 months runway; 347M working capital provides buffer but dilution likely[Cash and Equivalents]
Watch Triggers
- Cash and Equivalents: Falls below 150M — Sub-12 month runway triggers financing urgency and likely dilutive raise
- Total Revenue TTM: Any revenue recognition — First revenue validates technology commercialization - transforms thesis
- Free Cash Flow TTM: Burn rate exceeds 200M annually — Accelerating burn shortens runway to under 12 months
Bull Case
Near-zero debt (4M, 0.03 D/E) and 347M working capital provide financial flexibility for technology development without immediate distress
184M intangibles suggest IP value; clean energy technology optionality if commercialization succeeds
Bear Case
1.1B impairment signals management's own assessment of asset value destruction; negative tangible book (-40M) means equity is IP-dependent
Zero revenue with 152M annual burn creates binary outcome - either commercialize or dilute/fail within 2 years
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
Leverage NPWR's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Cash runway exhaustion within 18-24 months will force equity raise or strategic partnership
- 152M annual FCF burn vs 229M cash
- Zero revenue trajectory unchanged
- R&D intensity at 136M/year
Valuation Context
Caveats
Public Strategies Rankings
See how NET Power Inc ranks across different investment strategies.
Leverage NPWR's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
NPWR Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$130.84M | — | ||
$-94.46M | — | ||
0.00 | — | ||
$0 | — | ||
$-7.67 | — | ||
0% | — | ||
0% | — | ||
$-151.81M | — | ||
-130% | — | ||
Beta 5Y (Monthly) | unknown | — |
NPWR Dividend History
NPWR Stock Splits
NPWR SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/13/25 | 09/30/25 | 10-Q | |
08/11/25 | 06/30/25 | 10-Q | |
05/12/25 | 03/31/25 | 10-Q | |
03/10/25 | 12/31/24 | Unknown | |
11/12/24 | 09/30/24 | 10-Q | |
08/12/24 | 06/30/24 | 10-Q | |
05/13/24 | 03/31/24 | 10-Q | |
12/31/23 | 12/31/23 | 10-K | |
11/14/23 | 09/30/23 | 10-Q | |
06/30/23 | 06/30/23 | 10-Q | |
05/12/23 | 03/31/23 | 10-Q | |
03/02/23 | 12/31/22 | 10-K | |
11/10/22 | 09/30/22 | 10-Q | |
08/15/22 | 06/30/22 | 10-Q | |
05/11/22 | 03/31/22 | 10-Q | |
03/03/22 | 12/31/21 | 10-Q/A | |
11/12/21 | 09/30/21 | 10-Q | |
08/12/21 | 06/30/21 | 10-Q | |
03/31/21 | 03/31/21 | 10-Q | |
02/28/21 | 02/28/21 | 424B4 |