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 | 2023 2023-06-08 - 2023-12-31 | 2023 2023-01-01 - 2023-06-07 |
|---|---|---|---|
| Revenue | 250a | 0a | 175a |
| Cost of revenue | -31a | 0a | -3a |
| Gross profit | 219a | 0a | 172a |
| Operating expenses | — | — | — |
| General and administrative | -30,267a | -41,344a | -12,861a |
| Sales and marketing | -3,865a | -1,791a | -869a |
| Research and development | -63,853a | -25,722a | -14,311a |
| Project development | -1,932a | -625a | -479a |
| Option settlement - related party | 0a | -79,054a | 0a |
| Depreciation, amortization, and accretion | -81,623a | -44,974a | -5,802a |
| Total operating expenses | -181,540a | -193,510a | -34,322a |
| Operating loss | -181,321a | -193,510a | -34,150a |
| Other income (expense) | — | — | — |
| Interest income (expense) | 31,389a | 19,473a | -30a |
| Change in earnout shares liability and warrant liability | -25,656a | 26,515a | 0a |
| Other income (expense) | 364a | -1a | 4a |
| Net other income (expense) | 6,097a | 45,987a | -26a |
| Net loss before income tax | -175,224a | -147,523a | -34,176a |
| Income tax benefit | 10,580a | 5,707a | 0a |
| Net loss after income tax | -164,644a | -141,816a | -34,176a |
| Net loss attributable to non-controlling interests | -115,453a | -98,760a | 0a |
| Net loss attributable to NET Power Inc. | -49,191a | -43,056a | -34,176a |
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