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NET Power Inc.

NPWRNYSEIndustrialsSpecialty Industrial Machinery

$0.92Today:- (-)1Y −73.80%

As of Oct 26, 2026 close

Market cap
$81.70M
P/E (TTM)
-
Forward P/E
-
Dividend yield
-
52-week range
$0.99$4.32
Volume (live)
-
Avg. volume (3M)
547.89K

NET Power (NPWR) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), NET Power used $120.78M of cash in operating activities and spent $33.21M on capital expenditures. That left free cash flow of −$154.00M.

NET Power Cash Flow Statement Analysis

Values in millions USD

Income StatementBalance SheetCash FlowRatios
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Cash flow statement showing operating, investing, and financing activities for NET Power Inc. (NPWR) - Annual data in millions USD
BreakdownFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period endingDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Operating Activities
Net Income-578.53-164.64-175.994.23-38.29-36.40
Depreciation & Amortization62.3981.6213.0413.1712.7413.01
Deferred Income Tax-4.31-10.58-5.710.000.000.00
Stock Based Compensation46.4333.67109.3012.627.210.00
Change in Working Capital32.105.17-4.32-2.16-2.460.43
Change in Accounts Receivable3.430.06-0.06-0.30-0.020.11
Change in Accounts Payable-1.662.48-0.19-1.281.090.00
Change in Other Working Capital30.33-1.38-4.0714.512.000.32
Other Operating Activities321.1312.53-29.1314.510.47-2.01
Net Cash from Operating Activities-120.78-31.65-49.00-16.63-20.33-24.98
Investing Activities
Capital Expenditures-33.21-68.65-11.65-0.120.00-0.22
Acquisitions0.000.007.950.000.000.00
Purchases of Investments-186.02-169.89-100.000.00-345.030.00
Sales/Maturities of Investments111.6571.080.000.000.000.00
Other Investing Activities98.78-1.200.000.000.000.00
Net Cash from Investing Activities-8.81-168.67-103.70-0.12-345.03-0.22
Financing Activities
Debt Repayment-0.20-0.070.00-10.000.000.00
Common Stock Issued0.140.02566.2830.00349.100.00
Common Stock Repurchased0.000.00-218.980.000.000.00
Other Financing Activities-0.17-4.75-11.90-0.53-0.1729.00
Net Cash from Financing Activities-0.23-4.93335.3921.478.0029.00
Summary
Effect of Forex Changes on Cash0.000.00349.070.000.000.00
Net Change in Cash-129.82-205.25182.694.72-12.333.80
Cash at Beginning of Period331.68536.935.160.450.008.97
Cash at End of Period201.86331.68536.935.162.5712.78
Free Cash Flow-154.00-100.30-60.65-16.75-20.33-25.20
Supplemental Disclosures
Interest Paid---0.080.11-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About NET Power Cash Flow

What is NET Power's free cash flow?

NET Power had negative free cash flow of $154.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$120.78M minus $33.21M of capital expenditures.

How much does NET Power spend on capital expenditures?

NET Power spent $33.21M on capital expenditures in fiscal 2025, compared with $68.65M a year earlier.

Does NET Power pay dividends or buy back shares?

NET Power's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition