NET Power Inc.
For the period ended Dec 31, 2025. Filed Mar 9, 2026.
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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 Statements of Operations and Comprehensive Loss
In thousands, except per share data
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | $— | $250 |
| Cost of revenue | — | 31 |
| Gross profit | — | 219 |
| Operating expenses | ||
| General and administrative | 40,345 | 30,267 |
| Sales and marketing | 4,912 | 3,865 |
| Research and development | 99,508 | 63,853 |
| Project development | 72,379 | 1,932 |
| Impairment and other charges | 1,512,217 | — |
| Depreciation, amortization, and accretion | 62,387 | 81,623 |
| Total operating expenses | 1,791,748 | 181,540 |
| Operating loss | (1,791,748) | (181,321) |
| Other income (expense) | ||
| Interest income, net | 20,297 | 31,389 |
| Change in Earnout Shares liability and Warrant liability | 72,391 | (25,656) |
| Change in Tax Receivable Agreement liability | 21,317 | — |
| Other income | 11 | 364 |
| Net other income | 114,016 | 6,097 |
| Net loss before income tax | (1,677,732) | (175,224) |
| Income tax benefit | 4,305 | 10,580 |
| Net loss after income tax | (1,673,427) | (164,644) |
| Net loss attributable to non-controlling interests | (1,094,799) | (115,453) |
| Net loss attributable to NET Power Inc. | $(578,628) | $(49,191) |
| Other comprehensive income | ||
| Unrealized gain on investments | 97 | 139 |
| Total other comprehensive income | 97 | 139 |
| Comprehensive loss | (1,673,330) | (164,505) |
| Comprehensive loss attributable to non-controlling interests | (1,094,799) | (115,346) |
| Comprehensive loss attributable to NET Power Inc. | $(578,531) | $(49,159) |
| Loss per share of Class A Common Stock, basic and diluted | $(7.34) | $(0.67) |
| Weighted average shares of Class A Common Stock, basic and diluted | 78,822 | 73,397 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.