Company: NPWR-WT
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001845437-25-000061
Chunk: 39

Company: NET Power Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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,992 16,179 24,712 Change in Earnout Shares liability and Warrant liability(9,323)27,690 66,257 29,361 Change in Tax Receivable Agreement liability— — 21,317 — Other income2 3 8 10 Net other income (expense)(4,486)35,685 103,761 54,083 Net loss before income tax(1,160,983)(11,560)(1,617,842)(76,799)Income tax benefit1,177 4,746 2,403 11,137 Net loss after income tax(1,159,806)(6,814)(1,615,439)(65,662)Net loss attributable to non-controlling interests(748,308)(7,632)(1,056,449)(50,791)Net income (loss) attributable to NET Power Inc.$(411,498)$818 $(558,990)$(14,871)Other comprehensive incomeUnrealized gain on investments163 528 245 461 Total other comprehensive income163 528 245 461 Comprehensive loss(1,159,643)(6,286)(1,615,194)(65,201)Comprehensive loss attributable to non-controlling interests(748,203)(7,284)(1,056,291)(50,487)Comprehensive income (loss) attributable to NET Power Inc.$(411,440)$998 $(558,903)$(14,714)Earnings (loss) per share of Class A Common Stock, basic and diluted$(5.28)$0.01 $(7.21)$(0.21)Weighted average shares of Class A Common Stock, basic and diluted77,88373,53777,53072,541

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

NET Power Inc.

Condensed Consolidated Statements of Mezzanine Shareholders' Equity and Shareholders' Equity (Unaudited)

In thousands

Class A Common StockClass B Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive Income (Loss)Accumulated DeficitTotal Shareholders' EquityNon-controlling Interests - Mezzanine EquitySharesAmountSharesAmountBalance at December 31, 202476,760 $8 139,691 $14 $771,594 $32 $(116,044)$655,