Company: NPWR-WT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001845437-25-000053
Chunk: 49

Company: NET Power Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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1142.58 Vested(379)8.03 Forfeited(337)3.61 Unvested, end of period3,530$7.29 Refer to Note 13 — Related Party Transactions for information related to the BHES JDA.

NOTE 11 — Loss per ShareBasic loss per share attributable to shareholders is calculated by dividing net loss attributable to shareholders by the weighted-average number of shares outstanding during the period. Diluted loss per share attributable to shareholders includes the effect of potentially dilutive common shares outstanding.The following table sets forth the computation of the Company’s basic and diluted loss per share for the following periods:Three Months Ended June 30,Six Months Ended June 30,In thousands, except per share data2025202420252024NumeratorNet loss after income tax$(82,047)$(17,217)$(455,633)$(58,849)Net loss attributable to NET Power Inc.$(28,142)$(4,268)$(147,492)$(15,689)Denominator  Weighted-average number shares outstanding, basic and diluted77,699 72,177 77,350 72,036 Loss per share attributable to shareholders, basic and diluted$(0.36)$(0.06)$(1.91)$(0.22)Only shares of Class A Common Stock participate in the Company’s undistributed earnings. As such, the Company’s undistributed earnings are allocated entirely to the Class A Common Stock based on the weighted-average number of shares of Class A Common Stock outstanding for the three and six months ended June 30, 2025 and 2024.

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Based on the amounts outstanding at June 30, 2025 and 2024, the Company excluded the following financial instruments from the computation of diluted loss per share because their inclusion would be anti-dilutive:

In thousandsJune 30,Anti-Dilutive Instruments20252024Public Warrants8,6218,622Private Placement Warrants10,90010,900Earnout Shares329329BHES Bonus Shares2,0682,068Unvested Class A OpCo Units—242Vested Class A OpCo Units142,331142,476Unvested RSUs2,273933Unvested PSUs322128Make-Whole Awards1,2571,257Stock Options6,5062,460Total174,607169,415    

NOTE 12 — Income Taxes