NET Power Inc. (NPWR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
320 RONEY STREET, SUITE 200 DURHAM, NC 27701 |
| State of Incorp. | NC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 362 - Electrical Industrial Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 636,927 | 1,628 | 2,570 | |||
| Cash and cash equivalents | 536,927 | 1,628 | 2,570 | |||
| Short-term investments | 100,000 | |||||
| Receivables | 2,000 | 8 | 8 | |||
| Prepaid expense | 1,777 | 273 | 747 | |||
| Other current assets | 93 | |||||
| Total current assets: | 640,797 | 1,908 | 3,325 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 2,212 | |||||
| Property, plant and equipment | 96,856 | |||||
| Long-term investments and receivables | ||||||
| Long-term investments | ||||||
| Intangible assets, net (including goodwill) | 1,731,185 | 5,000 | 5,000 | |||
| Goodwill | 423,920 | |||||
| Intangible assets, net (excluding goodwill) | 1,307,265 | 5,000 | 5,000 | |||
| Restricted cash and investments | ||||||
| Other noncurrent assets | ||||||
| Other undisclosed noncurrent assets | 344,943 | 340,044 | ||||
| Total noncurrent assets: | 1,830,253 | 349,943 | 345,044 | |||
| TOTAL ASSETS: | 2,471,050 | 351,851 | 348,369 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 11,532 | 5,019 | 519 | |||
| Accounts payable | 617 | 32 | 143 | |||
| Accrued liabilities | 10,915 | 4,987 | 376 | |||
| Debt | ||||||
| Other liabilities | 142 | |||||
| Other undisclosed current liabilities | 347 | |||||
| Total current liabilities: | 12,021 | 5,019 | 519 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | ||||||
| Finance lease, liability | ||||||
| Liabilities, other than long-term debt | 63,258 | 36,554 | 41,799 | |||
| Deferred compensation liability, classified | 11,722 | 11,722 | ||||
| Asset retirement obligations | 2,060 | |||||
| Deferred income tax liabilities | 57,719 | |||||
| Operating lease, liability | 1,808 | |||||
| Business combination, contingent consideration, liability | 1,671 | |||||
| Derivative instruments and hedges, liabilities | 24,832 | 30,078 | ||||
| Other undisclosed noncurrent liabilities | 64,857 | |||||
| Total noncurrent liabilities: | 128,115 | 36,554 | 41,799 | |||
| Total liabilities: | 140,136 | 41,573 | 42,319 | |||
| Temporary equity, carrying amount | 1,545,905 | 349,817 | 345,000 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 784,988 | (39,310) | (38,558) | |||
| Additional paid in capital | 851,841 | |||||
| Accumulated other comprehensive income | ||||||
| Accumulated deficit | (66,853) | (39,311) | (38,559) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | ||||
| Equity, attributable to noncontrolling interest | (228) | (391) | ||||
| Other undisclosed equity | 21 | |||||
| Total equity: | 785,009 | (39,538) | (38,949) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,471,050 | 351,851 | 348,369 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Revenues (Other undisclosed Revenues) | |||||
| Cost of revenue (Other undisclosed Cost of revenue) | |||||
| Gross profit: | |||||
| Operating expenses | (5,796) | (632) | |||
| Other undisclosed operating loss | (120) | (65) | |||
| Operating loss: | (5,916) | (697) | |||
| Nonoperating income | 4,898 | 18 | |||
| Investment income, nonoperating | 4,898 | 18 | |||
| Interest and debt expense | |||||
| Loss from continuing operations before income taxes: | (1,018) | (679) | |||
| Income tax benefit | |||||
| Loss from continuing operations: | (1,018) | (679) | |||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (679) | |
| Other undisclosed net income (loss) | 5,245 | (9,510) | |||
| Net income (loss): | 4,228 | (10,189) | |||
| Net income (loss) attributable to noncontrolling interest | (163) | 392 | |||
| Other undisclosed net income (loss) attributable to parent | (392) | ||||
| Net income (loss) attributable to parent: | 4,065 | (10,189) | |||
| Other undisclosed net income available to common stockholders, basic | 392 | ||||
| Net income (loss) available to common stockholders, diluted: | 4,065 | (9,797) | |||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|
| Net income (loss): | 4,228 | (10,189) | |||
| Other comprehensive income | |||||
| Comprehensive income (loss): | 4,228 | (10,189) | |||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (163) | 392 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 4,065 | (9,797) | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.