NET Power Inc.

NET Power Inc. reported no revenue for fiscal year 2025, consistent with its pre-commercial stage. The company incurred a significant net loss attributable to NET Power Inc. of -$578.6M, primarily driven by a $1.51B impairment and other charges, which contributed to total operating expenses of $1.79B and an operating loss of -$1.79B. Despite these losses, the company maintained a strong liquidity position with total cash, cash equivalents, and restricted cash of $536.9M and total assets of $599.7M. Research and development expenses were $99.5M, project development costs were $72.4M, and general and administrative expenses were $40.3M, reflecting continued investment in technology and project development. The company generated $20.3M in net interest income and recorded other comprehensive income of $97K. Net cash used in operating activities was -$120.8M, while net cash used in investing activities was -$8.8M. The company's accumulated deficit increased to -$694.7M, and basic and diluted loss per share was -$7.

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