Security
NET Power Inc. · NPWR
NPWRNYSECommon stockCurrentCIK 1845437Updated Nov 13, 2026
Name history
Rice Acquisition Corp. II · through Jun 7, 2023
NPWR price & chart
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NYSE:NPWR on TradingView ↗About the company
Net Power Inc. (NYSE: NPWR) (“Net Power” or the “Company”) is an energy technology and infrastructure company developing power generation projects to meet the rapidly growing demand for reliable, scalable power. The Company’s near-term focus is on delivering natural gas power generation, with projects designed to accommodate carbon capture in later phases.
In the news
10% owner NPEH, LLC sells $366,959 in Net Power (NASDAQ:NPWR) shares ↗
Johnson Fistel, PLLP Begins Investigation on Behalf of Long-Term Shareholders of Methode Electronics, Inc. (MEI), Molina Healthcare, Inc. (MOH), Monolithic Power Systems, Inc. (MPWR), and NET Power Inc. (NPWR) ↗
NET Power, Inc. Investigated by the Portnoy Law Firm ↗
Recent filings
10-Q filing
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Entry into a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets · Regulation FD Disclosure
Items 1.01, 2.01, 7.01, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 629,895,000Source | 2,336,548,000Source | 338,325,000Source | 1,789,474,000Source | 2,357,173,000Source | 542,822,000Source | 1,838,919,000Source | 2,445,402,000Source | 599,701,000Source | 2,294,115,000Source | 2,471,050,000Source | 351,851,156Source |
| Property, Plant and Equipment, NetUSD | 16,345,000Source | 130,849,000Source | 23,392,000Source | 96,595,000Source | 107,896,000Source | 40,561,000Source | 100,042,000Source | 101,099,000Source | 32,758,000Source | 151,470,000Source | 96,856,000Source | — |
| GoodwillUSD | 0Source | 359,847,000Source | 0Source | 0Source | 359,847,000Source | — | 0Source | 423,920,000Source | 0Source | 359,847,000Source | 423,920,000Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 184,051,000Source | 1,257,589,000Source | 402,000Source | 1,208,295,000Source | 1,274,037,000Source | 179,058,000Source | 1,224,938,000Source | 1,290,453,000Source | 181,572,000Source | 1,241,343,000Source | 1,307,265,000Source | 5,000,001Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 229,315,000Source | 386,257,000Source | 117,933,000Source | 284,024,000Source | 405,145,000Source | 133,146,000Source | 300,030,000Source | 428,595,000Source | 199,430,000Source | 329,230,000Source | 536,927,000Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | 0Source | — | — | 243,000Source | — | — | 0Source | — | 0Source | 58,000Source | — |
| Assets, CurrentUSD | 369,590,000Source | 564,074,000Source | 312,909,000Source | 408,506,000Source | 583,113,000Source | 311,060,000Source | 497,915,000Source | 600,017,000Source | 343,764,000Source | 513,030,000Source | 640,797,000Source | 1,908,383Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,727,000Source | — | 3,669,000Source | 3,380,000Source | — | 2,202,000Source | 2,080,000Source | — | 4,496,000Source | 1,774,000Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 589,000Source | 2,763,000Source | 269,000Source | 4,028,000Source | 2,012,000Source | 514,000Source | 2,600,000Source | 2,120,000Source | 551,000Source | 2,699,000Source | 2,212,000Source | — |
| Other Assets, NoncurrentUSD | 694,000Source | 583,000Source | 147,000Source | 667,000Source | 420,000Source | 146,000Source | 915,000Source | — | 387,000Source | 652,000Source | — | — |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 47,407,000Source | 90,837,000Source | 25,528,000Source | 58,995,000Source | 115,814,000Source | 24,945,000Source | 40,392,000Source | 149,729,000Source | 64,496,000Source | 131,927,000Source | 140,136,000Source | 41,572,572Source |
| Stockholders’ equity: | ||||||||||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — |
| Additional Paid in CapitalUSD | 818,655,000Source | 849,066,000Source | 868,368,000Source | 879,653,000Source | 813,083,000Source | 909,830,000Source | 872,545,000Source | 737,802,000Source | 898,425,000Source | 771,594,000Source | 851,841,000Source | — |
| Retained Earnings (Accumulated Deficit)USD | -675,034,000Source | -81,724,000Source | -784,820,000Source | -263,536,000Source | -82,542,000Source | -704,529,000Source | -235,394,000Source | -78,274,000Source | -694,672,000Source | -116,044,000Source | -66,853,000Source | -39,310,765Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 119,000Source | 112,000Source | -44,000Source | 61,000Source | -67,000Source | 1,000Source | 38,000Source | 224,000Source | 129,000Source | 32,000Source | 0Source | — |
| Stockholders' Equity Attributable to ParentUSD | — | — | — | — | — | — | — | — | — | — | — | -39,309,902Source |
| Liabilities and EquityUSD | 629,895,000Source | 2,336,548,000Source | 338,325,000Source | 1,789,474,000Source | 2,357,173,000Source | 542,822,000Source | 1,838,919,000Source | 2,445,402,000Source | 599,701,000Source | 2,294,115,000Source | 2,471,050,000Source | 351,851,156Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 22,289,000Source | 26,915,000Source | 17,578,000Source | 41,827,000Source | 14,557,000Source | 13,057,000Source | 21,369,000Source | 10,546,000Source | 47,465,000Source | 17,906,000Source | 12,021,000Source | 5,018,632Source |
| Operating Lease, Liability, CurrentUSD | 1,066,000Source | 491,000Source | 1,091,000Source | 1,025,000Source | 374,000Source | 1,082,000Source | 674,000Source | 364,000Source | 1,074,000Source | 683,000Source | 347,000Source | — |
| Accounts Payable, CurrentUSD | 1,314,000Source | 3,642,000Source | 124,000Source | 1,045,000Source | 1,984,000Source | 346,000Source | 849,000Source | 2,669,000Source | 1,437,000Source | 3,092,000Source | 617,000Source | 31,780Source |
| Operating Lease, Liability, NoncurrentUSD | 2,776,000Source | 2,324,000Source | 2,180,000Source | 2,993,000Source | 1,630,000Source | 2,387,000Source | 1,829,000Source | 1,728,000Source | 2,584,000Source | 2,125,000Source | 1,808,000Source | — |
| Deferred Income Tax Liabilities, NetUSD | 1,902,000Source | 16,352,000Source | — | 3,079,000Source | 30,976,000Source | — | 4,703,000Source | 53,085,000Source | 0Source | 4,306,000Source | 57,719,000Source | — |
| Other Liabilities, NoncurrentUSD | — | — | — | — | — | — | — | — | — | — | 0Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | — | — | — | -228,287Source |
| Additional Financial Items | ||||||||||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | — | — | 243,000Source | — | — | 0Source | — | — | 58,000Source | — |
| Accrued Liabilities, CurrentUSD | 11,460,000Source | 18,061,000Source | 4,864,000Source | 10,090,000Source | 11,969,000Source | 4,438,000Source | 10,174,000Source | 7,211,000Source | 7,565,000Source | 13,619,000Source | 10,915,000Source | 4,986,852Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | 0Source | 4,306,000Source | 57,719,000Source | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 438,726,000Source | 1,478,236,000Source | 229,270,000Source | 1,114,279,000Source | 1,510,864,000Source | 312,552,000Source | 1,161,316,000Source | 1,635,900,000Source | 331,301,000Source | 1,506,584,000Source | 1,545,905,000Source | — |
| Short-term InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | 100,000,000Source | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -1,159,806,000Source | -6,814,000Source | -206,932,000Source | -82,047,000Source | -25,810,000Source | -373,586,000Source | -1,673,427,000Source | -164,644,000Source | — | 4,227,727Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 3,413,000Source | 21,688,000Source | 62,387,000Source | 81,623,000Source | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 8,841,000Source | 10,196,000Source | 46,434,000Source | 33,666,000Source | — | — |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | — | 0Source | 0Source | -58,000Source | — | — |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | -1,091,000Source | -2,243,000Source | -1,655,000Source | 2,475,000Source | — | -26,625Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -51,103,000Source | -20,374,000Source | -120,784,000Source | -31,649,000Source | — | -857,532Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -16,332,000Source | -8,764,000Source | -8,805,000Source | -168,673,000Source | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 8,201,000Source | 8,931,000Source | 33,214,000Source | 68,651,000Source | — | — |
| Cash flows from financing activities: | ||||||||||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | — | — | — | 184,000Source | 0Source | 172,000Source | 130,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -73,000Source | -50,000Source | -230,000Source | -4,929,000Source | — | -85,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 231,797,000Source | 388,689,000Source | 119,139,000Source | 286,494,000Source | 134,349,000Source | 302,488,000Source | 201,857,000Source | 331,676,000Source | 536,927,000Source | 1,627,877Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 3,000Source | 9,000Source | 29,000Source | — | — | — |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | — | — | 1,000Source | — | — | — |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 11,656,000Source | 8,995,000Source | 1,976,000Source | 13,907,000Source | 8,841,000Source | 10,196,000Source | 46,434,000Source | — | — | — |
| Amortization of Intangible AssetsUSD | — | — | 12,122,000Source | 16,837,000Source | 2,636,000Source | 16,960,000Source | 2,600,000Source | 16,873,000Source | 48,587,000Source | 67,329,000Source | — | — |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | 45,000Source | — | — | 88,000Source | 80,000Source | 332,000Source | 209,000Source | — | — |
| DepreciationUSD | — | — | 3,374,000Source | 3,328,000Source | 724,000Source | 4,627,000Source | 725,000Source | 4,735,000Source | 13,468,000Source | 14,085,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | — | — | — | — | — | — | — | 0Source | — | — |
| General and Administrative ExpenseUSD | — | — | 9,108,000Source | 8,448,000Source | 6,419,000Source | 13,578,000Source | 8,887,000Source | 8,691,000Source | 40,345,000Source | 30,267,000Source | — | 5,796,015Source |
| GoodwillUSD | — | — | 0Source | 359,847,000Source | 0Source | 0Source | — | 0Source | 0Source | 359,847,000Source | 423,920,000Source | — |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | 359,800,000Source | 359,847,000Source | — | 0Source | — |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | — | — | — | 0Source | — | — | — | 0Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | -1,177,000Source | -4,746,000Source | 2,000Source | -1,622,000Source | 0Source | 397,000Source | -4,305,000Source | -10,580,000Source | — | — |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | — | 4,898,432Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -411,498,000Source | 818,000Source | -80,291,000Source | -28,142,000Source | -9,857,000Source | -119,350,000Source | -578,628,000Source | -49,191,000Source | — | 4,065,122Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -748,308,000Source | -7,632,000Source | -126,641,000Source | -53,905,000Source | -15,953,000Source | -254,236,000Source | -1,094,799,000Source | -115,453,000Source | — | 162,605Source |
| Nonoperating Income (Expense)USD | — | — | -4,486,000Source | 35,685,000Source | 3,012,000Source | 6,886,000Source | 8,382,000Source | 101,364,000Source | 114,016,000Source | 6,097,000Source | — | — |
| Operating ExpensesUSD | — | — | 1,156,497,000Source | 47,256,000Source | 209,942,000Source | 90,555,000Source | 34,192,000Source | 474,553,000Source | 1,791,748,000Source | 181,540,000Source | — | — |
| Other Nonoperating Income (Expense)USD | — | — | 2,000Source | 3,000Source | 3,000Source | 5,000Source | 3,000Source | 2,000Source | 11,000Source | 364,000Source | — | — |
| Payments of Financing CostsUSD | — | — | — | — | — | — | — | — | — | — | — | 85,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | 160,000Source | 0Source | 141,000Source | — | — | — |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | —Source | — | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | — | — | — | — | — |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | —Source | — | —Source | — | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | —Source | — | — | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 0Source | 12,000Source | — | 0Source | — | 0Source | 0Source | 250,000Source | — | — |
| Cost of Goods and Services Sold | — | — | —Source | —Source | — | —Source | — | —Source | —Source | —Source | — | — |
| Operating Income (Loss)USD | — | — | -1,156,497,000Source | -47,245,000Source | -209,942,000Source | -90,555,000Source | -34,192,000Source | -474,553,000Source | -1,791,748,000Source | -181,321,000Source | -5,916,015Source | -697,131Source |
| Other Nonoperating Income (Expense)USD | — | — | 2,000Source | 3,000Source | 3,000Source | 5,000Source | 3,000Source | 2,000Source | 11,000Source | 364,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | -1,677,732,000Source | -175,224,000Source | — | — |
| Income Tax Expense (Benefit)USD | — | — | -1,177,000Source | -4,746,000Source | 2,000Source | -1,622,000Source | 0Source | 397,000Source | -4,305,000Source | -10,580,000Source | — | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | -748,308,000Source | -7,632,000Source | -126,641,000Source | -53,905,000Source | -15,953,000Source | -254,236,000Source | -1,094,799,000Source | -115,453,000Source | 162,605Source | -391,892Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -411,498,000Source | 818,000Source | -80,291,000Source | -28,142,000Source | -9,857,000Source | -119,350,000Source | -578,628,000Source | -49,191,000Source | 4,065,122Source | -10,189,181Source |
| Earnings Per Share, BasicUSD per share | — | — | -5.28Source | 0.01Source | -0.91Source | -0.36Source | -0.12Source | -1.55Source | -7.34Source | -0.67Source | — | — |
| Earnings Per Share, DilutedUSD per share | — | — | -5.28Source | 0.01Source | -0.91Source | -0.36Source | -0.12Source | -1.55Source | -7.34Source | -0.67Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 77,883,000Source | 73,537,000Source | 88,405,000Source | 77,699,000Source | 85,382,000Source | 76,997,000Source | 78,822,000Source | 73,396,761Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 77,883,000Source | 73,537,000Source | 88,405,000Source | 77,699,000Source | 85,382,000Source | 76,997,000Source | 78,822,000Source | 73,396,761Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 12,122,000Source | 16,837,000Source | 2,636,000Source | 16,960,000Source | 2,600,000Source | 16,873,000Source | 48,587,000Source | 67,329,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 15,580,000Source | 20,210,000Source | 3,452,000Source | 21,669,000Source | 3,413,000Source | 21,688,000Source | 62,387,000Source | — | — | — |
| General and Administrative ExpenseUSD | — | — | 9,108,000Source | 8,448,000Source | 6,419,000Source | 13,578,000Source | 8,887,000Source | 8,691,000Source | 40,345,000Source | 30,267,000Source | 5,796,015Source | 632,131Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | — | 359,800,000Source | 359,847,000Source | — | — | — |
| Gross ProfitUSD | — | — | 0Source | 11,000Source | — | 0Source | — | 0Source | 0Source | 219,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | -1,677,718,000Source | -175,032,000Source | — | — |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | 4,835,000Source | 7,992,000Source | 2,963,000Source | 5,466,000Source | 3,345,000Source | 5,880,000Source | 20,297,000Source | 31,389,000Source | — | — |
| Interest Income, OtherUSD | — | — | — | — | — | — | — | — | — | — | 4,898,432Source | 18,341Source |
| Investment Income, InterestUSD | — | — | — | — | — | — | — | — | — | — | 4,898,432Source | 18,341Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | 818,000Source | — | — | — | — | — | — | — | -9,797,289Source |
| Nonoperating Income (Expense)USD | — | — | -4,486,000Source | 35,685,000Source | 3,012,000Source | 6,886,000Source | 8,382,000Source | 101,364,000Source | 114,016,000Source | 6,097,000Source | — | — |
| Operating ExpensesUSD | — | — | 1,156,497,000Source | 47,256,000Source | 209,942,000Source | 90,555,000Source | 34,192,000Source | 474,553,000Source | 1,791,748,000Source | 181,540,000Source | — | — |
| Other Cost and Expense, OperatingUSD | — | — | — | — | — | — | — | — | — | — | 100,000Source | 100,000Source |
| Other ExpensesUSD | — | — | — | — | — | — | — | — | — | — | 25,000Source | 25,000Source |
| Research and Development ExpenseUSD | — | — | 24,543,000Source | 17,333,000Source | 4,220,000Source | 26,618,000Source | 19,701,000Source | 22,600,000Source | 99,508,000Source | 63,853,000Source | — | — |
| Selling and Marketing ExpenseUSD | — | — | 1,395,000Source | 1,032,000Source | 1,017,000Source | 1,492,000Source | 1,187,000Source | 1,187,000Source | 4,912,000Source | 3,865,000Source | — | — |
Filing attachments
tm2624794d1_ex99-1.htm · 8-K · 2026-09-03
EX-99.1 2 tm2624794d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Net Power Closes Acquisition of EMPower’s Position Under EPC Agreement for 123 MW of Power Generation Saulsbury continues as EPC contractor; Wärtsilä to supply ten reciprocating engine-generator sets totaling 123 MW HOUSTON, TX - (BUSINESS WIRE) - September 3, 2026--Net Power Inc. (NYSE: NPWR) (“Net Power”) today announced that it has closed its previously announced acquisition of the rights to 123 megawatts (MW) of new natural g…
Read attachment ↗ex991-pressreleasedatedaug.htm · 8-K · 2026-08-13
EX-99.1 2 ex991-pressreleasedatedaug.htm EX-99.1 Document Net Power Reports Second Quarter 2026 Results and Provides Business Update HOUSTON, TX--(BUSINESS WIRE) - August 13, 2026--Net Power Inc. (NYSE: NPWR) (“Net Power” or the “Company”) today announced its financial and operational results for the second quarter ended June 30, 2026. “We’ve spent the last four months in an intensive customer engagement and marketing process. We believe that process has given us a clear read on what the…
Read attachment ↗ex991-pressreleasedatedmay.htm · 8-K · 2026-05-11
EX-99.1 2 ex991-pressreleasedatedmay.htm EX-99.1 Document Net Power Reports First Quarter 2026 Results and Provides Business Update DURHAM, N.C.--(BUSINESS WIRE) - May 11, 2026--Net Power Inc. (NYSE: NPWR) (“Net Power” or the “Company”) today announced its financial and operational results for the first quarter ended March 31, 2026. “We remain excited about the opportunity set in front of us and believe Net Power’s in-house engineering capabilities and expertise in power generation and c…
Read attachment ↗