Company: NPWR-WT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001845437-25-000053
Chunk: 34

Company: NET Power Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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719 Change in Earnout Shares liability and Warrant liability1,415 16,249 75,580 1,671 Change in Tax Receivable Agreement liability— — 21,317 — Other income5 6 6 8 Net other income6,886 25,284 108,248 18,398 Net loss before income tax(83,669)(19,570)(456,859)(65,240)Income tax benefit1,622 2,353 1,226 6,391 Net loss after income tax(82,047)(17,217)(455,633)(58,849)Net loss attributable to non-controlling interests(53,905)(12,949)(308,141)(43,160)Net loss attributable to NET Power Inc.$(28,142)$(4,268)$(147,492)$(15,689)Other comprehensive incomeUnrealized gain (loss) on investments66 (860)82 (198)Total other comprehensive income (loss)66 (860)82 (198)Comprehensive loss(81,981)(18,077)(455,551)(59,047)Comprehensive loss attributable to non-controlling interests(53,862)(13,518)(308,141)(43,291)Comprehensive loss attributable to NET Power Inc.$(28,119)$(4,559)$(147,410)$(15,756)Loss per share of Class A Common Stock, basic and diluted$(0.36)$(0.06)$(1.91)$(0.22)Weighted average shares of Class A Common Stock, basic and diluted77,69972,17777,35072,036

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