For the quarter ending 2025-09-30.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 0 | 0 | - | 0 |
| Cost of revenue | 0 | 0 | - | 0 |
| Goodwill impairment and other charges | - | 0 | 415,897,000 | - |
| Gross profit | 0 | 0 | - | 0 |
| General and administrative | 9,108,000 | 13,578,000 | 8,691,000 | 7,044,500 |
| Sales and marketing | 1,395,000 | 1,492,000 | 1,187,000 | 978,500 |
| Depreciation, amortization, and accretion | - | - | - | 20,683,000 |
| Research and development | 24,543,000 | 26,618,000 | 22,600,000 | 15,796,000 |
| Project development | 10,032,000 | 27,198,000 | 4,490,000 | 415,000 |
| Impairment and other charges | 1,095,839,000 | - | - | - |
| Depreciation, amortization, and accretion | 15,580,000 | 21,669,000 | 21,688,000 | - |
| Total operating expenses | 1,156,497,000 | 90,555,000 | 474,553,000 | 44,611,000 |
| Operating loss | -1,156,497,000 | -90,555,000 | -474,553,000 | -44,611,000 |
| Interest income | 4,835,000 | 5,466,000 | 5,880,000 | 7,184,000 |
| Change in earnout shares liability and warrant liability | -9,323,000 | 1,415,000 | - | - |
| Change in tax receivable agreement liability | 0 | 0 | 21,317,000 | - |
| Change in earnout shares liability and warrant liability | - | - | 74,165,000 | -34,797,500 |
| Other income | 2,000 | 5,000 | 2,000 | 177,500 |
| Net other income (expense) | -4,486,000 | 6,886,000 | 101,364,000 | -27,436,000 |
| Net loss before income tax | -1,160,983,000 | -83,669,000 | -373,189,000 | -72,047,000 |
| Income tax benefit | -1,177,000 | -1,622,000 | 397,000 | -1,740,500 |
| Net loss after income tax | -1,159,806,000 | -82,047,000 | -373,586,000 | -70,306,500 |
| Net loss attributable to non-controlling interests | -748,308,000 | -53,905,000 | -254,236,000 | -47,436,000 |
| Net income (loss) attributable to net power inc | -411,498,000 | -28,142,000 | -119,350,000 | -22,870,500 |
| Earnings (loss) per share of class a common stock, basic (in dollars per share) | -5.28 | -0.36 | -1.55 | -0.31 |
| Earnings (loss) per share of class a common stock, diluted (in dollars per share) | -5.28 | -0.36 | -1.55 | -0.31 |
| Weighted average shares of class a common stock, basic (in shares) | 77,883,000 | 77,699,000 | 76,997,000 | -36,158,536.5 |
| Weighted average shares of class a common stock, diluted (in shares) | 77,883,000 | 77,699,000 | 76,997,000 | -36,158,536.5 |
NET Power Inc. (NPWR)
NET Power Inc. (NPWR)