NET Power Inc. (NPWR)

NET Power Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	117.93	199.43	329.23	536.93	5.16	0.45
Short-Term Investments	190.44	138.46	178.34	100	-	-
Cash & Short-Term Investments	308.37	337.89	507.57	636.93	5.16	0.45
Cash Growth	-23.56%	-33.43%	-20.31%	12233.99%	1060.45%	-96.52%
Accounts Receivable	-	-	-	0.06	0.35	0.05
Other Receivables	0.87	1.38	3.68	1.94	-	-
Receivables	0.87	1.38	3.68	2	0.35	0.05
Prepaid Expenses	3.67	4.5	1.77	1.87	0.18	0.65
Other Current Assets	-	-	-	-	1.8	-
Total Current Assets	312.91	343.76	513.03	640.8	7.5	1.15
Property, Plant & Equipment	23.66	33.31	154.17	99.07	70.38	80.43
Long-Term Investments	-	38.24	22.63	-	-	-
Goodwill	-	-	359.85	423.92	-	-
Other Intangible Assets	0.4	181.57	1,241	1,307	0.26	0.29
Other Long-Term Assets	1.35	2.81	3.1	-	-	-
Total Assets	338.33	599.7	2,294	2,471	78.14	81.86

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	0.12	1.44	3.09	0.62	0.58	1.71
Accrued Expenses	4.72	7.16	11.33	7.31	2.39	1.25
Short-Term Debt	-	-	-	-	-	7.01
Current Portion of Leases	1.12	1.2	0.87	0.35	0.13	-
Current Unearned Revenue	-	-	-	-	-	0.39
Other Current Liabilities	11.61	37.67	2.61	3.75	5.35	2.54
Total Current Liabilities	17.58	47.47	17.91	12.02	8.45	12.9
Long-Term Leases	2.18	2.58	2.24	1.81	0.66	-
Long-Term Deferred Tax Liabilities	-	-	4.31	57.72	-	-
Other Long-Term Liabilities	5.77	14.45	107.48	68.59	4.63	1.46
Total Liabilities	25.53	64.5	131.93	140.14	13.74	14.36

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.02	0.02	0.02	0.02	262.62	227.96
Additional Paid-In Capital	868.37	898.43	771.59	851.84	26.29	9.28
Retained Earnings	-784.82	-694.67	-116.04	-66.85	-224.53	-169.75
Comprehensive Income & Other	-0.04	0.13	0.03	-	0.02	0.02
Total Common Equity	83.53	203.9	655.6	785.01	64.4	67.51
Minority Interest	229.27	331.3	1,507	1,546	-	-
Shareholders' Equity	312.8	535.21	2,162	2,331	64.4	67.51
Total Liabilities & Equity	338.33	599.7	2,294	2,471	78.14	81.86

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	3.3	3.79	3.11	2.16	0.79	7.01
Net Cash (Debt)	305.07	334.11	504.47	634.77	4.38	-6.56
Net Cash Growth	-23.57%	-33.77%	-20.53%	14399.13%	-	-
Net Cash Per Share	3.65	4.24	6.87	15.41	1.18	-1.85
Filing Date Shares Outstanding	88.48	84.69	77.06	71.96	3.72	3.56
Total Common Shares Outstanding	88.45	83.98	76.76	71.28	3.72	3.56
Working Capital	295.33	296.3	495.12	628.78	-0.96	-11.75
Book Value Per Share	0.94	2.43	8.54	11.01	17.30	18.99
Tangible Book Value	83.13	22.33	-945.59	-946.18	64.14	67.22
Tangible Book Value Per Share	0.94	0.27	-12.32	-13.27	17.23	18.91
Machinery	0.09	0.13	1.07	89.56	128.38	126.06
Construction In Progress	23.32	20.06	48.44	14.44	-	-

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: May 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 15, 2026

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