Cash flow NET Power Inc.

Stocks

NPWR

US64107A1051

Electric Utilities

Market Closed - NYSE 16:00:02 2026-09-02 EDT			5-day change	1st Jan Change
1.770 ^USD	+1.14%		-2.21%	-22.37%

08-24	Net Power Shares Rise After Rights to Acquire 123 MW of Power Equipment	MT
08-24	Net Power Inc. Enters Agreements to Expand Power Generation Capacity for Project Permian in Texas	CI

0178092f9a7c1ef.jj0L6do5Hou4yMA809d4YXm0I1yCD_xenIifWOpKXjc.-Wxgp-N4Tujd-7pSnppNTAD1bB71VdEk1uzGbrUSDWLfTlibrAtpw-espw

Published financial data: NET POWER INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	2.1M	580K	175K	250K	-
Total Revenues	2.1M	580K	175K	250K	-
Cost of Goods Sold, Total	829K	275K	1.11M	1.96M	72.38M
Gross Profit	1.27M	305K	-932K	-1.71M	-72.38M
Selling General & Admin Expenses, Total	16.14M	17.99M	40.22M	34.13M	45.26M
Provision for Bad Debts	-	-	-	-	-
R&D Expenses	10.11M	18.95M	39.97M	63.85M	99.51M
Depreciation & Amortization - (IS)	12.74M	13.39M	50.84M	81.62M	62.39M
Other Operating Expenses	-	-	-	-	470K
Other Operating Expenses, Total	38.98M	50.33M	131M	180M	208M
Operating Income	-37.71M	-50.02M	-132M	-181M	-280M
Interest Expense, Total	-580K	-4.79M	-	-	-
Interest And Investment Income	-	-	19.48M	31.39M	20.3M
Net Interest Expenses	-580K	-4.79M	19.48M	31.39M	20.3M
Other Non Operating Income (Expenses)	3K	38K	-31K	364K	21.33M
EBT, Excl. Unusual Items	-38.29M	-54.78M	-113M	-150M	-238M
Merger & Related Restructuring Charges	-	-	-16.64M	-	-
Impairment of Goodwill	-	-	-	-	-360M
Asset Writedown	-	-	-	-	-1.15B
Other Unusual Items	-	-	-52.54M	-25.66M	72.39M
EBT, Incl. Unusual Items	-38.29M	-54.78M	-182M	-175M	-1.68B
Income Tax Expense	-	-	-5.71M	-10.58M	-4.3M
Earnings From Continuing Operations	-38.29M	-54.78M	-176M	-165M	-1.67B
Net Income to Company	-38.29M	-54.78M	-176M	-165M	-1.67B
Minority Interest	-	-	98.76M	115M	1.09B
Net Income - (IS)	-38.29M	-54.78M	-77.23M	-49.19M	-579M
Net Income to Common Incl Extra Items	-38.29M	-54.78M	-77.23M	-49.19M	-579M
Net Income to Common Excl. Extra Items	-38.29M	-54.78M	-77.23M	-49.19M	-579M
Per Share Items
Net EPS - Basic	-10.77	-14.79	-1.87	-0.67	-7.34
Basic EPS - Continuing Operations	-10.77	-14.79	-1.87	-0.67	-7.34
Basic Weighted Average Shares Outstanding	3.56M	3.7M	41.19M	73.4M	78.82M
Net EPS - Diluted	-10.77	-14.79	-1.87	-0.67	-7.34
Diluted EPS - Continuing Operations	-10.77	-14.79	-1.87	-0.67	-7.34
Diluted Weighted Average Shares Outstanding	3.56M	3.7M	41.19M	73.4M	78.82M
Normalized Basic EPS	-6.73	-9.25	0.69	0.3	12
Normalized Diluted EPS	-6.73	-9.25	0.69	0.3	12
Supplemental Items
EBITDA	-24.97M	-36.64M	-119M	-167M	-266M
EBITA	-37.69M	-49.79M	-132M	-181M	-280M
EBIT	-37.71M	-50.02M	-132M	-181M	-280M
EBITDAR	-	-	-	-166M	-265M
Effective Tax Rate - (Ratio)	-	-	3.14	6.04	0.26
Current Domestic Taxes	-	-	-	-	1K
Total Current Taxes	-	-	-	-	1K
Deferred Domestic Taxes	-	-	-	-10.58M	-4.31M
Total Deferred Taxes	-	-	-5.71M	-10.58M	-4.31M
Normalized Net Income	-23.93M	-34.24M	28.44M	21.97M	946M
Interest on Long-Term Debt	-	-	-	15K	29K
Supplemental Operating Expense Items
Selling and Marketing Expenses	252K	801K	2.66M	3.86M	4.91M
General and Administrative Expenses	15.88M	17.19M	37.56M	29.64M	39.33M
Research And Development Expense From Footnotes	10.11M	18.95M	39.97M	63.85M	99.51M
Net Rental Expense, Total	-	-	-	624K	1.02M
Stock-Based Comp., R&D Exp. (Total)	-	9.93M	11.31M	-	-
Stock-Based Comp., G&A Exp. (Total)	-	-	1.62M	-	-
Stock-Based Comp., Other (Total)	-	2.69M	96.37M	33.67M	46.43M
Total Stock-Based Compensation	-	12.62M	109M	33.67M	46.43M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	445K	5.16M	537M	329M	199M
Short Term Investments	-	-	100M	178M	138M
Total Cash And Short Term Investments	445K	5.16M	637M	508M	338M
Accounts Receivable, Total	51K	352K	58K	-	-
Other Receivables	-	-	1.94M	3.68M	1.38M
Total Receivables	51K	352K	2M	3.68M	1.38M
Prepaid Expenses	654K	184K	1.78M	1.77M	4.5M
Other Current Assets, Total	-	1.8M	93K	-	-
Total Current Assets	1.15M	7.5M	641M	513M	344M
Gross Property Plant And Equipment	126M	129M	106M	175M	34.27M
Accumulated Depreciation	-45.64M	-58.78M	-7.15M	-21.23M	-965K
Net Property Plant And Equipment	80.43M	70.38M	99.07M	154M	33.31M
Long-term Investments	-	-	-	22.63M	38.24M
Goodwill	-	-	424M	360M	-
Other Intangibles, Total	285K	263K	1.31B	1.24B	182M
Other Long-Term Assets, Total	-	-	-	3.1M	2.81M
Total Assets	81.86M	78.14M	2.47B	2.29B	600M
Liabilities
Accounts Payable, Total	1.71M	577K	617K	3.09M	1.44M
Accrued Expenses, Total	1.25M	2.39M	10.92M	11.33M	7.16M
Short-term Borrowings	7.01M	-	-	-	-
Current Portion of Leases	-	130K	347K	870K	1.2M
Unearned Revenue Current, Total	392K	-	-	-	-
Other Current Liabilities	2.54M	5.35M	142K	2.61M	37.67M
Total Current Liabilities	12.9M	8.45M	12.02M	17.91M	47.46M
Long-Term Leases	-	656K	1.81M	2.24M	2.58M
Deferred Tax Liability Non Current	-	-	57.72M	4.31M	-
Other Non Current Liabilities	1.46M	4.63M	68.59M	107M	14.45M
Total Liabilities	14.36M	13.74M	140M	132M	64.5M
Common Stock, Total	228M	263M	21K	22K	22K
Additional Paid In Capital	9.28M	26.29M	852M	772M	898M
Retained Earnings	-170M	-225M	-66.85M	-116M	-695M
Comprehensive Income and Other	20K	17K	-	32K	129K
Total Common Equity	67.51M	64.4M	785M	656M	204M
Minority Interest	-	-	1.55B	1.51B	331M
Total Equity	67.51M	64.4M	2.33B	2.16B	535M
Total Liabilities And Equity	81.86M	78.14M	2.47B	2.29B	600M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.56M	3.72M	71.96M	77.06M	84.69M
ECS Total Common Shares Outstanding	3.56M	3.72M	71.28M	76.76M	83.98M
Book Value / Share	18.99	17.3	11.01	8.54	2.43
Tangible Book Value	67.22M	64.14M	-946M	-946M	22.33M
Tangible Book Value Per Share	18.91	17.23	-13.27	-12.32	0.27
Total Debt	7.01M	786K	2.16M	3.1M	3.78M
Net Debt	6.56M	-4.38M	-635M	-504M	-334M
Debt Equivalent Oper. Leases	-	-	-	4.99M	8.13M
Minority Interest, Total (Incl. Fin. Div)	-	-	1.55B	1.51B	331M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	126M	126M	89.56M	124M	132K
Full Time Employees	-	24	43	68	54

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-38.29M	-54.78M	-176M	-49.19M	-579M
Depreciation & Amortization - CF	12.72M	13.15M	12.85M	14.08M	13.47M
Amortization of Goodwill and Intangible Assets - (CF)	22K	237K	195K	209K	332K
Depreciation & Amortization, Total	12.74M	13.39M	13.04M	14.29M	13.8M
Amortization of Deferred Charges, Total - (CF)	-	-	37.74M	67.33M	48.59M
(Gain) Loss From Sale Of Asset	-	-	7K	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	1.51B
Stock-Based Compensation (CF)	-	12.62M	109M	33.67M	46.43M
Provision and Write-off of Bad Debts	-	-	352K	-	-
Other Operating Activities, Total	7.68M	14.3M	-29.08M	-103M	-1.2B
Change In Accounts Receivable	-17K	-301K	-58K	58K	-
Change In Accounts Payable	1.09M	-1.14M	-189K	2.48M	-1.66M
Change in Other Net Operating Assets	-3.53M	-718K	-4.12M	2.64M	33.76M
Cash from Operations	-20.33M	-16.63M	-49M	-31.65M	-121M
Capital Expenditure	-	-115K	-11.65M	-68.65M	-33.21M
Cash Acquisitions	-	-	7.95M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-1.2M	-1.22M
Investment in Marketable and Equity Securities, Total	-	-	-100M	-98.82M	25.63M
Cash from Investing	-	-115K	-104M	-169M	-8.8M
Short Term Debt Issued, Total	8M	2M	-	-	-
Total Debt Issued	8M	2M	-	-	-
Short Term Debt Repaid, Total	-	-10M	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-67K	-199K
Total Debt Repaid	-	-10M	-	-67K	-199K
Issuance of Common Stock	-	30M	566M	19K	141K
Repurchase of Common Stock	-	-	-219M	-	-172K
Other Financing Activities, Total	-	-533K	-11.9M	-4.88M	-
Cash from Financing	8M	21.47M	335M	-4.93M	-230K
Foreign Exchange Rate Adjustments	-	-3K	-	-	-
Net Change in Cash	-12.33M	4.72M	183M	-205M	-130M
Supplemental Items
Cash Interest Paid	114K	81K	-	-	-
Levered Free Cash Flow	-13.65M	-7.56M	67.77M	-64.11M	-71.8M
Unlevered Free Cash Flow	-13.29M	-4.57M	67.77M	-64.11M	-71.8M
Change In Net Working Capital	2.46M	-806K	-1.81M	-3.78M	-28.81M
Net Debt Issued / Repaid	8M	-8M	-	-67K	-199K

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-24.95	-39.08	-6.47	-4.76	-12.09
Return on Total Capital	-27.23	-44.76	-6.88	-5.04	-12.94
Return On Equity %	-46.1	-83.05	-14.69	-7.33	-124.08
Return on Common Equity	-46.1	-83.05	-18.18	-6.83	-134.64
Margin Analysis
Gross Profit Margin %	60.58	52.59	-532.57	-685.2	-
SG&A Margin	767.28	3.1K	22.98K	13.65K	-
EBITDA Margin %	-1.19K	-6.32K	-67.95K	-66.81K	-
EBITA Margin %	-1.79K	-8.58K	-75.3K	-72.44K	-
EBIT Margin %	-1.79K	-8.62K	-75.41K	-72.53K	-
Income From Continuing Operations Margin %	-1.82K	-9.44K	-101K	-65.86K	-
Net Income Margin %	-1.82K	-9.44K	-44.13K	-19.68K	-
Net Avail. For Common Margin %	-1.82K	-9.44K	-44.13K	-19.68K	-
Normalized Net Income Margin	-1.14K	-5.9K	16.25K	8.79K	-
Levered Free Cash Flow Margin	-649.05	-1.3K	38.73K	-25.65K	-
Unlevered Free Cash Flow Margin	-631.82	-787.52	38.73K	-25.65K	-
Asset Turnover
Asset Turnover	0.02	0.01	0	0	-
Fixed Assets Turnover	0.02	0.01	0	0	-
Receivables Turnover (Average Receivables)	49.48	2.88	0.85	-	-
Short Term Liquidity
Current Ratio	0.09	0.89	53.31	28.65	7.24
Quick Ratio	0.04	0.65	53.15	28.55	7.15
Operating Cash Flow to Current Liabilities	-1.58	-1.97	-4.08	-1.77	-2.54
Days Sales Outstanding (Average Receivables)	7.38	126.81	427.57	-	-
Average Days Payable Outstanding	514.26	1.52K	196.84	345.77	11.42
Long Term Solvency
Total Debt/Equity	10.38	1.22	0.09	0.14	0.71
Total Debt / Total Capital	9.4	1.21	0.09	0.14	0.7
LT Debt/Equity	-	1.02	0.08	0.1	0.48
Long-Term Debt / Total Capital	-	1.01	0.08	0.1	0.48
Total Liabilities / Total Assets	17.54	17.58	5.67	5.75	10.75
EBIT / Interest Expense	-65.02	-10.44	-	-	-
EBITDA / Interest Expense	-43.06	-7.65	-	-	-
(EBITDA - Capex) / Interest Expense	-43.06	-7.67	-	-	-
Total Debt / EBITDA	-0.28	-0.02	-0.02	-0.02	-0.01
Net Debt / EBITDA	-0.26	0.12	5.34	3.03	1.26
Total Debt / (EBITDA - Capex)	-0.28	-0.02	-0.02	-0.01	-0.01
Net Debt / (EBITDA - Capex)	-0.26	0.12	4.86	2.15	1.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.57K	-72.42	-69.83	42.86	-
Gross Profit, 1 Yr. Growth %	15.82K	-76.06	-421.38	83.8	4.13K
EBITDA, 1 Yr. Growth %	6.75	46.72	224.38	40.4	59.38
EBITA, 1 Yr. Growth %	3.61	32.11	164.54	37.4	54.42
EBIT, 1 Yr. Growth %	3.6	32.66	163.79	37.36	54.42
Earnings From Cont. Operations, 1 Yr. Growth %	5.17	43.08	221.28	-6.45	916.39
Net Income, 1 Yr. Growth %	5.17	43.08	40.99	-36.31	1.08K
Normalized Net Income, 1 Yr. Growth %	5.17	43.08	-183.06	-22.66	4.2K
Diluted EPS Before Extra, 1 Yr. Growth %	2.65	37.39	-87.33	-64.26	995.33
Accounts Receivable, 1 Yr. Growth %	50	590.2	-83.52	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-13.65	-12.49	40.76	55.62	-78.39
Total Assets, 1 Yr. Growth %	-23.55	-4.55	3.06K	-7.16	-73.86
Tangible Book Value, 1 Yr. Growth %	-31.6	-4.59	-1.58K	-0.06	-102.36
Common Equity, 1 Yr. Growth %	-31.52	-4.6	1.12K	-16.48	-68.9
Cash From Operations, 1 Yr. Growth %	-18.61	-18.2	194.66	-35.41	281.64
Capital Expenditures, 1 Yr. Growth %	-	-	10.03K	489.38	-51.62
Levered Free Cash Flow, 1 Yr. Growth %	-	-44.6	-996.37	-212.33	11.99
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-65.62	-1.58K	-212.29	11.99
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	259.01	-71.15	-34.35	-
Gross Profit, 2 Yr. CAGR %	-	517.45	-14.47	143.04	781.25
EBITDA, 2 Yr. CAGR %	-	25.15	118.22	113.45	49.59
EBITA, 2 Yr. CAGR %	-	16.99	86.99	90.68	45.66
EBIT, 2 Yr. CAGR %	-	17.24	87.07	90.38	45.64
Earnings From Cont. Operations, 2 Yr. CAGR %	-	22.67	114.4	73.37	208.36
Net Income, 2 Yr. CAGR %	-	22.67	42.03	-5.24	173.72
Normalized Net Income, 2 Yr. CAGR %	-	22.67	9.01	-19.89	476.99
Diluted EPS Before Extra, 2 Yr. CAGR %	-	18.76	-58.27	-78.72	97.87
Accounts Receivable, 2 Yr. CAGR %	-	221.76	6.64	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-13.07	10.98	48.01	-42.02
Total Assets, 2 Yr. CAGR %	-	-14.58	449.41	441.85	-50.74
Tangible Book Value, 2 Yr. CAGR %	-	-19.21	275.17	283.96	-84.64
Common Equity, 2 Yr. CAGR %	-	-19.18	241	219.06	-49.03
Cash From Operations, 2 Yr. CAGR %	-	-18.41	55.25	37.95	57
Capital Expenditures, 2 Yr. CAGR %	-	-27.7	-	2.34K	68.86
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	122.83	191.2	12.16
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	125.85	274.7	12.14
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	57.26	-50.83	-
Gross Profit, 3 Yr. CAGR %	-	-	388.4	10.37	529.61
EBITDA, 3 Yr. CAGR %	-	-	71.95	88.41	93.64
EBITA, 3 Yr. CAGR %	-	-	53.58	68.75	77.74
EBIT, 3 Yr. CAGR %	-	-	53.62	68.79	77.55
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	69.09	62.62	212.61
Net Income, 3 Yr. CAGR %	-	-	28.49	8.71	119.41
Normalized Net Income, 3 Yr. CAGR %	-	-	7.72	-2.8	202.3
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-43.67	-60.37	-20.83
Accounts Receivable, 3 Yr. CAGR %	-	-	19.49	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	2.08	24.22	-22.07
Total Assets, 3 Yr. CAGR %	-	-	184.7	203.74	97.25
Tangible Book Value, 3 Yr. CAGR %	-	-	112.73	141.39	-29.65
Common Equity, 3 Yr. CAGR %	-	-	99.69	113.35	46.84
Cash From Operations, 3 Yr. CAGR %	-	-	25.18	15.9	93.66
Capital Expenditures, 3 Yr. CAGR %	-	-	275.5	-	561.01
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	67.47	111.77
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	68.98	150.53
Compound Annual Growth Rate Over Five Years
Gross Profit, 5 Yr. CAGR %	-	-	-	-	518.45
EBITDA, 5 Yr. CAGR %	-	-	-	-	62.64
EBITA, 5 Yr. CAGR %	-	-	-	-	50.37
EBIT, 5 Yr. CAGR %	-	-	-	-	50.39
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	115.03
Net Income, 5 Yr. CAGR %	-	-	-	-	73.88
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	110.74
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-6.89
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-18.59
Total Assets, 5 Yr. CAGR %	-	-	-	-	41.14
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	-25.65
Common Equity, 5 Yr. CAGR %	-	-	-	-	15.64
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	37.05
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	172.76