v3.26.1
Loss per Share
6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Loss per Share
NOTE 10 — Loss per Share
Basic loss per share attributable to shareholders is calculated by dividing net loss attributable to shareholders by the weighted-average number of shares outstanding during the period. Diluted loss per share attributable to shareholders includes the effect of potentially dilutive common shares outstanding.
The following table sets forth the computation of the Company’s basic and diluted loss per share for the following periods:
Three Months Ended June 30,Six Months Ended June 30,
In thousands, except per share data2026202520262025
Numerator
Net loss after income tax$(206,932)$(82,047)$(232,741)$(455,633)
Net loss attributable to NET Power Inc.$(80,291)$(28,142)$(90,148)$(147,492)
Denominator
  Weighted-average number of shares outstanding, basic and diluted88,405 77,699 86,895 77,350
 Loss per share attributable to shareholders, basic and diluted$(0.91)$(0.36)$(1.04)$(1.91)
Only shares of Class A Common Stock participate in the Company’s undistributed earnings. As such, the Company’s undistributed earnings are allocated entirely to the Class A Common Stock based on the weighted-average number of shares of Class A Common Stock outstanding for the three and six months ended June 30, 2026 and 2025.
Based on the amounts outstanding at June 30, 2026 and 2025, the Company excluded the following financial instruments from the computation of diluted loss per share because their inclusion would be anti-dilutive:
In thousandsJune 30,
Anti-Dilutive Instruments20262025
Public Warrants8,6218,621
Private Placement Warrants10,90010,900
Vested Class A OpCo Units137,019142,331
Unvested RSUs3,6262,273
Unvested PSUs688322
Make-Whole Awards1,2571,257
Stock Options6,4466,506
BHES Bonus Shares2,068
Earnout Shares329
Total168,557174,607