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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 $0.3M
LTM EBITDA -$96.7M
-$323M
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 of $0.3M and a last 12-month EBITDA of -$96.7M.
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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | n/a | $0.3M | XXX | XXX | XXX |
| Gross Profit | n/a | n/a | XXX | XXX | XXX |
| Gross Margin | NaN% | NaN% | XXX | XXX | XXX |
| EBITDA | -$5.9M | -$99.7M | XXX | XXX | XXX |
| EBITDA Margin | -Infinity% | -39879% | XXX | XXX | XXX |
| Net Profit | n/a | $4.1M | XXX | XXX | XXX |
| Net Margin | NaN% | 1626% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, NET Power's stock price is $2.
NET Power has current market cap of $181M, and EV of -$323M.
See NET Power trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| -$323M | $181M | XXX | XXX | XXX | XXX | $-0.75 |
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Sign UpAs of April 15, 2025, NET Power has market cap of $181M and EV of -$323M.
NET Power's trades at -1004.5x LTM EV/Revenue multiple, and 3.3x LTM EBITDA.
Analysts estimate NET Power's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for NET Power and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | -$323M | XXX | XXX | XXX |
| EV/Revenue | -1293.5x | XXX | XXX | XXX |
| EV/EBITDA | 3.2x | XXX | XXX | XXX |
| P/E | -3.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 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.
Sign UpNET Power's NTM/LTM revenue growth is 100%
NET Power's revenue per employee for the last fiscal year averaged $3K, while opex per employee averaged $2.4M for the same period.
Over next 12 months, NET Power's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate NET Power's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for NET Power and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | Infinity% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -39879% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 1585% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -39779% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $3K | XXX | XXX | XXX | XXX |
| Opex per Employee | $2.4M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1546% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 12107% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 26314% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 72616% | XXX | 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 |
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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 |
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Sign Up| 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 $181M |
| What is the current revenue of NET Power? | NET Power's last 12-month revenue is $0.3M. |
| What is the current EBITDA of NET Power? | NET Power's last 12-month EBITDA is -$96.7M. |
| What is the current EV/Revenue multiple of NET Power? | Current revenue multiple of NET Power is -1004.5x. |
| What is the current EV/EBITDA multiple of NET Power? | Current EBITDA multiple of NET Power is 3.3x. |
| Is NET Power profitable? | Yes, NET Power is EBITDA-positive (as of the last 12 months). |
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