NET Power Inc.
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
View on SEC.govAbout this filing
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.
FY2025 · Filed Mar 9, 2026
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 Statement of Shareholders’ Equity and Mezzanine Shareholders' Equity
Consolidated Statements of Shareholders' Equity and Mezzanine Shareholders' Equity
| Class A Common Stock · Class B Common Stock · Additional Paid-in Capital · Accumulated Other Comprehensive Income · Accumulated Deficit · Total Stockholders' Equity · Non-controlling Interests | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | |||||||||||
| Balance at December 31, 2023 | 71,278 | $7 | 141,787 | $14 | $851,841 | $— | $(66,853) | $785,009 | $1,545,905 | ||
| Redemption of Class B Common Stock | 5,413 | 1 | (5,413) | — | — | — | — | 1 | — | ||
| Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes | — | — | — | — | 47,335 | — | — | 47,335 | (47,335) | ||
| Exercise of Warrants | 2 | — | — | — | 25 | — | — | 25 | — | ||
| Distributions to members | — | — | — | — | — | — | — | — | (4,751) | ||
| Increase in Tax Receivable Agreement liability from qualifying exchanges, net of deferred taxes | — | — | — | — | (12,037) | — | — | (12,037) | — | ||
| Unrealized gain on investments | — | — | — | — | — | 55 | 55 | 107 | |||
| Share-based compensation | 67 | — | 3,317 | — | 4,212 | — | — | 4,212 | 29,519 | ||
| Adjustment of redeemable non-controlling interest to redemption value | — | — | — | — | (98,592) | — | — | (98,592) | 98,592 | ||
| Tax impact of equity transactions | — | — | — | — | (21,190) | (23) | — | (21,213) | — | ||
| Net loss | — | — | — | — | — | — | (49,191) | (49,191) | (115,453) | ||
| Balance at December 31, 2024 | 76,760 | $8 | 139,691 | $14 | $771,594 | $32 | $(116,044) | $655,604 | $1,506,584 | ||
| Redemption of Class B Common Stock | 6,870 | — | (6,870) | — | — | — | — | — | — | ||
| Issuance of Class A Common Stock | 65 | — | — | — | 141 | — | — | 141 | — | ||
| Remeasurement adjustment to redeemable non-controlling interest resulting from ownership changes | — | — | — | — | 18,921 | — | — | 18,921 | (18,921) | ||
| Increase in Tax Receivable Agreement liability from qualifying exchanges | — | — | — | — | (343) | — | — | (343) | — | ||
| Unrealized gain on investments | — | — | — | — | — | 97 | — | 97 | 176 | ||
| Share-based compensation | 285 | — | 5,909 | — | 9,520 | — | — | 9,520 | 36,853 | ||
| Adjustment of redeemable non-controlling interest to book value | — | — | — | — | 98,592 | — | — | 98,592 | (98,592) | ||
| Net loss | — | — | — | — | — | — | (578,628) | (578,628) | (1,094,799) | ||
| Balance at December 31, 2025 | 83,980 | $8 | 138,730 | $14 | $898,425 | $129 | $(694,672) | $203,904 | $331,301 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.