Company: NPWR-WT
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001845437-25-000008
Chunk: 9

Company: NET Power Inc.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 16
Chunk 9
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 administrative30,267 41,344 12,861 Sales and marketing3,865 1,791 869 Research and development63,853 25,722 14,311 Project development1,932 625 479 Option settlement – related party— 79,054 — Depreciation, amortization, and accretion81,623 44,974 5,802 Total operating expenses181,540 193,510 34,322 Operating loss(181,321)(193,510)(34,150)Other income (expense)Interest income (expense)31,389 19,473 (30)Change in Earnout Shares liability and Warrant liability(25,656)26,515 — Other income (expense)364 (1)4 Net other income (expense)6,097 45,987 (26)Net loss before income tax(175,224)(147,523)(34,176)Income tax benefit10,580 5,707 — Net loss after income tax(164,644)(141,816)(34,176)Net loss attributable to non-controlling interests(115,453)(98,760)— Net loss attributable to NET Power Inc.$(49,191)$(43,056)$(34,176)Other comprehensive incomeUnrealized gain on investments, net of taxes of $23 thousand139 — — Total other comprehensive income139 — — Comprehensive loss(164,505)(141,816)(34,176)Comprehensive loss attributable to non-controlling interests(115,346)(98,760)— Comprehensive loss attributable to NET Power Inc.$(49,159)$(43,056)$(34,176)Loss per share of Class A Common Stock (Successor) or per membership interest (Predecessor), basic and diluted$(0.67)$(0.62)$(9.07)Weighted average shares of Class A Common Stock or membership interests, basic and diluted73,396,76169,755,8483,766,871

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

F-5

Audited Financial Statements of NET Power Inc. - Table of Contents

NET Power Inc.

Consolidated Statements of Shareholders' Equity and Mezzanine Shareholders' Equity 

In thousands, except share data

Class A Common StockClass B Common StockClass A Ordinary