NET Power Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	229.32	329.23	536.93	5.16	0.45	12.78
Short-Term Investments	136.08	178.34	100	-	-	-
Cash & Short-Term Investments	365.39	507.57	636.93	5.16	0.45	12.78
Cash Growth	-34.65%	-20.31%	12233.99%	1060.45%	-96.52%	-
Accounts Receivable	-	-	0.06	0.35	0.05	0.03
Other Receivables	1.47	3.68	1.94	-	-	0.01
Receivables	1.47	3.68	2	0.35	0.05	0.05
Prepaid Expenses	2.73	1.77	1.87	0.18	0.65	0.81
Other Current Assets	-	-	-	1.8	-	-
Total Current Assets	369.59	513.03	640.8	7.5	1.15	13.63
Property, Plant & Equipment	16.93	154.17	99.07	70.38	80.43	93.14
Long-Term Investments	56.14	22.63	-	-	-	-
Goodwill	-	359.85	423.92	-	-	-
Other Intangible Assets	184.05	1,241	1,307	0.26	0.29	0.31
Other Long-Term Assets	3.18	3.1	-	-	-	-
Total Assets	629.9	2,294	2,471	78.14	81.86	107.08
Accounts Payable	1.31	3.09	0.62	0.58	1.71	0.62
Accrued Expenses	10.78	11.33	7.31	2.39	1.25	0.44
Short-Term Debt	-	-	-	-	7.01	-
Current Portion of Leases	1.24	0.87	0.35	0.13	-	-
Current Unearned Revenue	-	-	-	-	0.39	-
Other Current Liabilities	8.95	2.61	3.75	5.35	2.54	7.44
Total Current Liabilities	22.29	17.91	12.02	8.45	12.9	8.5
Long-Term Leases	2.78	2.24	1.81	0.66	-	-
Long-Term Deferred Tax Liabilities	1.9	4.31	57.72	-	-	-
Other Long-Term Liabilities	20.44	107.48	68.59	4.63	1.46	-
Total Liabilities	47.41	131.93	140.14	13.74	14.36	8.5
Common Stock	0.02	0.02	0.02	262.62	227.96	227.96
Additional Paid-In Capital	818.66	771.59	851.84	26.29	9.28	2.07
Retained Earnings	-675.03	-116.04	-66.85	-224.53	-169.75	-131.46
Comprehensive Income & Other	0.12	0.03	-	0.02	0.02	0.02
Total Common Equity	143.76	655.6	785.01	64.4	67.51	98.59
Minority Interest	438.73	1,507	1,546	-	-	-
Shareholders' Equity	582.49	2,162	2,331	64.4	67.51	98.59
Total Liabilities & Equity	629.9	2,294	2,471	78.14	81.86	107.08
Total Debt	4.01	3.11	2.16	0.79	7.01	-
Net Cash (Debt)	361.38	504.47	634.77	4.38	-6.56	12.78
Net Cash Growth	-35.00%	-20.53%	14399.13%	-	-	-
Net Cash Per Share	4.68	6.87	15.41	1.18	-1.85	3.68
Filing Date Shares Outstanding	83.92	77.06	71.96	3.72	3.56	3.47
Total Common Shares Outstanding	77.88	76.76	71.28	3.72	3.56	3.47
Working Capital	347.3	495.12	628.78	-0.96	-11.75	5.14
Book Value Per Share	1.85	8.54	11.01	17.30	18.99	28.41
Tangible Book Value	-40.29	-945.59	-946.18	64.14	67.22	98.28
Tangible Book Value Per Share	-0.52	-12.32	-13.27	17.23	18.91	28.32
Machinery	13.87	123.91	89.56	128.38	126.06	126.06
Construction In Progress	2.67	48.44	14.44	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q