NET Power Inc
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 10, 2025
NPWR$0.84-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
In thousands, except share, unit, per share and per unit data
| Successor · Predecessor | |||
|---|---|---|---|
| Period From · Period From | |||
| June 8, 2023 · January 1, 2023 | |||
| Year Ended | through | through | |
| December 31, 2024 | December 31, 2023 | June 7, 2023 | |
| Revenue | $250 | $— | $175 |
| Cost of revenue | 31 | — | 3 |
| Gross profit | 219 | — | 172 |
| Operating expenses | |||
| General and administrative | 30,267 | 41,344 | 12,861 |
| Sales and marketing | 3,865 | 1,791 | 869 |
| Research and development | 63,853 | 25,722 | 14,311 |
| Project development | 1,932 | 625 | 479 |
| Option settlement – related party | — | 79,054 | — |
| Depreciation, amortization, and accretion | 81,623 | 44,974 | 5,802 |
| Total operating expenses | 181,540 | 193,510 | 34,322 |
| Operating loss | (181,321) | (193,510) | (34,150) |
| Other income (expense) | |||
| Interest income (expense) | 31,389 | 19,473 | (30) |
| Change in Earnout Shares liability and Warrant liability | (25,656) | 26,515 | — |
| Other income (expense) | 364 | (1) | 4 |
| Net other income (expense) | 6,097 | 45,987 | (26) |
| Net loss before income tax | (175,224) | (147,523) | (34,176) |
| Income tax benefit | 10,580 | 5,707 | — |
| Net loss after income tax | (164,644) | (141,816) | (34,176) |
| Net loss attributable to non-controlling interests | (115,453) | (98,760) | — |
| Net loss attributable to NET Power Inc. | $(49,191) | $(43,056) | $(34,176) |
| Other comprehensive income | |||
| Unrealized gain on investments, net of taxes of $23 thousand | 139 | — | — |
| Total other comprehensive income | 139 | — | — |
| Comprehensive loss | (164,505) | (141,816) | (34,176) |
| Comprehensive loss attributable to non-controlling interests | (115,346) | (98,760) | — |
| Comprehensive loss attributable to NET Power Inc. | $(49,159) | $(43,056) | $(34,176) |
| Loss per share of Class A Common Stock (Successor) or per membership interest (Predecessor), basic and diluted | $(0.67) | $(0.62) | $(9.07) |
| Weighted average shares of Class A Common Stock or membership interests, basic and diluted | 73,396,761 | 69,755,848 | 3,766,871 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.