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NET Power Inc is a clean energy technology company that has developed a novel power generation system, which it refers to as the NET Power Cycle, designed to produce clean, reliable, and low-cost electricity from natural gas while capturing virtually all atmospheric emissions. The company's business model is to license its technology to customers and enable them to build, own, and operate facilities that utilize the Net Power Cycle. It has conducted a successful demonstration of its technology at the La Porte Demonstration Facility and is developing a utility-scale power plant in Texas named Project Permian.
2021
75
LTM Revenue $0.4M
LTM EBITDA -$177M
-$322M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
NET Power has a last 12-month revenue (LTM) of $0.4M and a last 12-month EBITDA of -$177M.
In the most recent fiscal year, NET Power achieved revenue of $0.3M and an EBITDA of -$99.7M.
NET Power expects next 12-month revenue of XXX and NTM EBITDA of XXX
See NET Power valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $0.4M | XXX | $0.3M | XXX | XXX | XXX |
| Gross Profit | $0.4M | XXX | $0.2M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 88% | XXX | XXX | XXX |
| EBITDA | -$177M | XXX | -$99.7M | XXX | XXX | XXX |
| EBITDA Margin | -41828% | XXX | -39879% | XXX | XXX | XXX |
| EBIT | -$293M | XXX | -$181M | XXX | XXX | XXX |
| EBIT Margin | -69187% | XXX | -72528% | XXX | XXX | XXX |
| Net Profit | -$101M | XXX | -$49.2M | XXX | XXX | XXX |
| Net Margin | -23742% | XXX | -19676% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, NET Power's stock price is $2.
NET Power has current market cap of $166M, and EV of -$322M.
See NET Power trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| -$322M | $166M | XXX | XXX | XXX | XXX | $-0.67 |
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Start Free TrialAs of May 30, 2025, NET Power has market cap of $166M and EV of -$322M.
NET Power's trades at -1289.5x EV/Revenue multiple, and 3.2x EV/EBITDA.
Equity research analysts estimate NET Power's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
NET Power has a P/E ratio of -1.6x.
See valuation multiples for NET Power and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $166M | XXX | $166M | XXX | XXX | XXX |
| EV (current) | -$322M | XXX | -$322M | XXX | XXX | XXX |
| EV/Revenue | -761.2x | XXX | -1289.5x | XXX | XXX | XXX |
| EV/EBITDA | 1.8x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBIT | 1.1x | XXX | 1.8x | XXX | XXX | XXX |
| EV/Gross Profit | -761.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | -1.6x | XXX | -3.4x | XXX | XXX | XXX |
| EV/FCF | 4.9x | XXX | 3.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNET Power's last 12 month revenue growth is 123%
NET Power's revenue per employee in the last FY averaged $3K, while opex per employee averaged $2.4M for the same period.
NET Power's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
NET Power's rule of X is -41520% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for NET Power and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 123% | XXX | n/a | XXX | XXX | XXX |
| EBITDA Margin | -41828% | XXX | -39879% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | 600% | XXX | XXX | XXX |
| Rule of 40 | n/a | XXX | -39756% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | -41520% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $3K | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $2.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1546% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 26314% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 72616% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| SBM Offshore | XXX | XXX | XXX | XXX | XXX | XXX |
| Friedrich Vorwerk Group | XXX | XXX | XXX | XXX | XXX | XXX |
| GE Vernova T&D India | XXX | XXX | XXX | XXX | XXX | XXX |
| Suzlon Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Inox Wind | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
NET Power acquired XXX companies to date.
Last acquisition by NET Power was XXXXXXXX, XXXXX XXXXX XXXXXX . NET Power acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was NET Power founded? | NET Power was founded in 2021. |
| Where is NET Power headquartered? | NET Power is headquartered in United States of America. |
| How many employees does NET Power have? | As of today, NET Power has 75 employees. |
| Who is the CEO of NET Power? | NET Power's CEO is Mr. Daniel Joseph Rice, IV. |
| Is NET Power publicy listed? | Yes, NET Power is a public company listed on NYS. |
| What is the stock symbol of NET Power? | NET Power trades under NPWR ticker. |
| When did NET Power go public? | NET Power went public in 2021. |
| Who are competitors of NET Power? | Similar companies to NET Power include e.g. SBM Offshore, Friedrich Vorwerk Group, GE Vernova T&D India, Suzlon Energy. |
| What is the current market cap of NET Power? | NET Power's current market cap is $166M |
| What is the current revenue of NET Power? | NET Power's last 12 months revenue is $0.4M. |
| What is the current revenue growth of NET Power? | NET Power revenue growth (NTM/LTM) is 123%. |
| What is the current EV/Revenue multiple of NET Power? | Current revenue multiple of NET Power is -761.2x. |
| Is NET Power profitable? | Yes, NET Power is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of NET Power? | NET Power's last 12 months EBITDA is -$177M. |
| What is NET Power's EBITDA margin? | NET Power's last 12 months EBITDA margin is -41828%. |
| What is the current EV/EBITDA multiple of NET Power? | Current EBITDA multiple of NET Power is 1.8x. |
| What is the current FCF of NET Power? | NET Power's last 12 months FCF is -$66.3M. |
| What is NET Power's FCF margin? | NET Power's last 12 months FCF margin is -15658%. |
| What is the current EV/FCF multiple of NET Power? | Current FCF multiple of NET Power is 4.9x. |
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