Net Power Inc. (NPWR) intrinsic value & 10-year financials
Net Power Inc. (NPWR) has a Graham intrinsic value of $381.22 per share. At $1.00 on Oct 17, 2026, the stock trades 100% below that value. Over the last 5 fiscal years revenue shrank 34.4% a year to $0, with an average return on invested capital of -365.9%.
- Graham intrinsic value
- $381.22
- Share price (Oct 17, 2026)
- $1.00
- Price vs Graham value
- 100% below
- Market cap
- $78.8M
- Revenue (FY2025)
- $0
- Revenue growth (5-yr CAGR)
- -34.4%
- ROIC (10-yr avg)
- -365.9%
- Free cash flow (FY2025)
- -$154.0M
NPWR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $0 | -$578.6M | -$7.34 | -$154.0M | — | -1059.7% |
| FY2024 | $250.0K | -$49.2M | -$0.67 | -$100.3M | -72528.4% | -51.6% |
| FY2023 | $175.0K | — | — | — | — | — |
| FY2022 | $580.0K | $4.1M | -$14.79 | -$972.5K | -1020.0% | 13.5% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NET Power Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
NET Power Inc. has historically struggled to out-earn its cost of capital, averaging just -16.2% ROIC.
NET Power Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, NET Power Inc. is modeled at -34.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $381.22 per share.