Company: NPWR-WT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001845437-25-000027
Chunk: 2

Company: NET Power Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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-controlling interests(254,236)(30,211)Net loss attributable to NET Power Inc.(119,350)(11,421)Other comprehensive incomeUnrealized gain on investments16 662 Total other comprehensive income16 662 Comprehensive loss(373,570)(40,970)Comprehensive loss attributable to non-controlling interests(254,226)(29,773)Comprehensive loss attributable to NET Power Inc.$(119,344)$(11,197)Loss per share of Class A Common Stock, basic and diluted$(1.55)$(0.16)Weighted average shares of Class A Common Stock, basic and diluted76,99771,895

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

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Table of Contents

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)$655,604 $1,506,584 Redemption of Class B Common Stock300 — (300)— 1,489 — — 1,489 (1,489)Issuance of Class A Common Stock3 — — — 41 — — 41 (14)Increase in Tax Receivable Agreement liability from qualifying exchanges— — — — (343)— — (343)— Unrealized gain on investments— — — — — 6 — 6 10 Amortization of share-based payments— — 1,175 — 1,172 — — 1,172 9,053 Adjustment of redeemable non-controlling interest to book value— — — — 98,592 — — 98,592 (98,592)Net loss— — — — — — (119,350)(119,350)(254,236)Balance at March 31, 202577,063 $8 140,566 $14 $