Below are the financial statements of NET Power, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 329,230a | 536,927a |
| Short-term investments | 100,000a | 100,000a |
| Investments in securities, available-for-sale | 78,344a | 0a |
| Accounts receivable, net | 0a | 58a |
| Interest receivable | 3,682a | 1,942a |
| Prepaid expenses and other current assets | 1,774a | 1,870a |
| Total current assets | 513,030a | 640,797a |
| Long-term assets | — | — |
| Restricted cash | 2,446a | 0a |
| Investments in securities, available-for-sale | 22,628a | 0a |
| Intangible assets, net | 1,241,343a | 1,307,265a |
| Goodwill | 359,847a | 423,920a |
| Property, plant, and equipment, net | 151,470a | 96,856a |
| Operating lease right-of-use assets | 2,699a | 2,212a |
| Other long-term assets | 652a | 0a |
| Total assets | 2,294,115a | 2,471,050a |
| Liabilities, mezzanine, and shareholders' equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 3,092a | 617a |
| Accrued liabilities | 13,619a | 10,915a |
| Due to related parties | 325a | 142a |
| Operating lease liabilities, current portion | 683a | 347a |
| Finance lease liabilities, current portion | 187a | 0a |
| Total current liabilities | 17,906a | 12,021a |
| Earnout shares liability | 1,958a | 1,671a |
| Warrant liability | 81,283a | 55,920a |
| Asset retirement obligation | 3,265a | 2,060a |
| Non-current operating lease liabilities | 2,125a | 1,808a |
| Non-current finance lease liabilities | 110a | 0a |
| Tax receivable agreement liability | 20,974a | 8,937a |
| Deferred taxes | 4,306a | 57,719a |
| Total liabilities | 131,927a | 140,136a |
| Mezzanine shareholders' equity | — | — |
| Redeemable non-controlling interests in subsidiary | 1,506,584a | 1,545,905a |
| Shareholders' equity | — | — |
| Preferred stock | 0a | 0a |
| Class A common stock | 8a | 7a |
| Class B common stock | 14a | 14a |
| Additional paid-in capital | 771,594a | 851,841a |
| Accumulated other comprehensive loss | 32a | 0a |
| Accumulated deficit | -116,044a | -66,853a |
| Total shareholders' equity | 655,604a | 785,009a |
| Total liabilities, mezzanine shareholders' equity and shareholders' equity | 2,294,115a | 2,471,050a |
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