v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
shares in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating expenses    
General and administrative $ 8,887,000 $ 8,691,000
Sales and marketing 1,187,000 1,187,000
Research and development 19,701,000 22,600,000
Project development 1,004,000 4,490,000
Impairment and other charges 0 415,897,000
Depreciation, amortization, and accretion 3,413,000 21,688,000
Total operating expenses 34,192,000 474,553,000
Operating loss (34,192,000) (474,553,000)
Other income    
Interest income, net 3,345,000 5,880,000
Change in Earnout Shares liability and Warrant liability 5,034,000 74,165,000
Change in Tax Receivable Agreement liability 0 21,317,000
Other income 3,000 2,000
Net other income 8,382,000 101,364,000
Net loss before income tax (25,810,000) (373,189,000)
Income tax expense 0 (397,000)
Net loss after income tax (25,810,000) (373,586,000)
Net loss attributable to non-controlling interests (15,953,000) (254,236,000)
Net loss attributable to NET Power Inc. (9,857,000) (119,350,000)
Other comprehensive income    
Unrealized gain (loss) on investments (128,000) 16,000
Total other comprehensive income (loss) (128,000) 16,000
Comprehensive loss (25,938,000) (373,570,000)
Comprehensive loss attributable to non-controlling interests (15,953,000) (254,226,000)
Comprehensive loss attributable to NET Power Inc. $ (9,985,000) $ (119,344,000)
Loss per share of Class A Common Stock, basic (in dollars per share) $ (0.12) $ (1.55)
Loss per share of Class A Common Stock, diluted (in dollars per share) $ (0.12) $ (1.55)
Weighted average shares of Class A Common Stock, basic (in shares) 85,382 76,997
Weighted average shares of Class A Common Stock, diluted (in shares) 85,382 76,997