Q4 FY2025 · ended Dec 31, 2025 · Revenue $0 · Filed Mar 9, 2026
NET Power Inc. (NPWR) files with the SEC under industry code 3620, Electrical Industrial Apparatus. Free cash flow was -$10.4 million. As of Jun 30, 2026 it held $308.4 million in cash and investments and $3.3 million in total debt.
Revenue
$0
Net income
$-80.29M
-185.3% vs year-ago quarter
Operating cash flow
$-9.64M
+60.8% vs year-ago quarter
Free cash flow
$-10.43M
+62.3% vs year-ago quarter
EPS
$-0.91
-152.8% vs year-ago quarter
Dividend per share
None
Shares outstanding
3.76M
+1.1% vs prior quarter
Net cash
$305.07M
Q2 FY2026
Operating margin
-393708.3%
Q3 FY2024
Company profile
- Industry
- Electrical Industrial Apparatus (SIC 3620)
- Listed as
- NPWR (NYSE), NPWR-WT (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Houston, TX
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1845437
- Former names
- Rice Acquisition Corp. II (until Jun 7, 2023)
Other Electrical Industrial Apparatus companies
- Bloom Energy Corp BE
- Woodward, Inc. WWD
- Forgent Power Solutions, Inc. FPS
- Accelevation Holdings Corp. ACCV
- Plug Power Inc PLUG
- Fuelcell Energy Inc FCEL
- Ballard Power Systems Inc. BLDP
- ERock, Inc. EROC
Key figures
Fiscal-year totals from the annual reports; switch to Annual for the full-year view. Balance sheet lines are as of each year end.
| Line | Q2 FY2026 Jun 30, 2026 |
Q1 FY2026 Mar 31, 2026 |
Q4 FY2025 Dec 31, 2025 |
Q3 FY2025 Sep 30, 2025 |
Q2 FY2025 Jun 30, 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | $0 | $0 | $0 |
| Operating income | -$209.9M | -$34.2M | -$70.1M | -$1.2B | -$90.6M |
| Net income | -$80.3M | -$9.9M | -$19.6M | -$411.5M | -$28.1M |
| Diluted EPS | -$0.91 | -$0.12 | -$0.24 | -$5.28 | -$0.36 |
| Operating cash flow | -$9.6M | -$51.1M | -$27.8M | -$48.0M | -$24.6M |
| Free cash flow | -$10.4M | -$59.3M | -$45.9M | -$51.1M | -$27.7M |
| Total assets | $338.3M | $542.8M | $599.7M | $629.9M | $1.8B |
| Total liabilities | $25.5M | $24.9M | $64.5M | $47.4M | $59.0M |
| Stockholders' equity | $83.5M | $205.3M | $203.9M | $143.8M | $616.2M |
| Cash and investments | $308.4M | $318.3M | $376.1M | $421.5M | $472.3M |
| Total debt | $3.3M | $3.5M | $3.8M | $4.0M | $4.2M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement
|
Oct 22, 2026 | Oct 16, 2026 |
| 8-K |
Current report
Material agreement
|
Sep 11, 2026 | Sep 8, 2026 |
| 8-K |
Current report
Material agreement, Acquisition or sale of assets, Regulation FD disclosure
|
Sep 3, 2026 | Aug 31, 2026 |
| 10-Q | Quarterly report | Aug 13, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 13, 2026 | Aug 13, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 5, 2026 | Jun 3, 2026 |
All 350 NET Power Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.