NPWR · XBRL financial data

Net Power financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NPWR's year ends in late December)

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	—	1	—	0	0
Cost of revenue	—	—	—	0	0
Gross profit	—	0	—	0	0
Research and development	—	—	—	64	100
General and administrative	—	6	—	30	40
Total operating expenses	—	50	—	182	1,792
Operating income (loss)	—	(6)	—	(181)	(1,792)
Interest income	—	5	—	—	—
Other income (expense)	—	0	—	0	0
Income tax expense (benefit)	—	0	—	(11)	(4)
Net income (loss)	—	4	—	(49)	(579)
Earnings per share, basic USD per share	—	(14.79)	—	(0.67)	(7.34)
Earnings per share, diluted USD per share	—	(14.79)	—	(0.67)	(7.34)
Weighted average shares, basic millions of shares	—	4	—	73	79
Weighted average shares, diluted millions of shares	—	4	—	73	79

Fiscal years (NPWR's year ends in late December)

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	3	5	537	329	199
Short-term investments	—	0	100	—	—
Marketable securities	—	—	0	78	138
Marketable securities, non-current	—	—	0	23	38
Accounts receivable	—	0	0	0	—
Prepaid and other current assets	—	—	2	2	4
Total current assets	3	2	641	513	344
Property and equipment, net	—	70	97	151	33
Right-of-use asset	—	1	2	3	1
Goodwill	—	0	424	360	0
Total assets	348	352	2,471	2,294	600
Accounts payable	0	0	1	3	1
Accrued liabilities	0	5	11	14	8
Total current liabilities	1	5	12	18	47
Lease liability, non-current	—	1	2	2	3
Total liabilities	42	42	140	132	64
Accumulated deficit	(39)	(39)	(67)	(116)	(695)
Total stockholders' equity	(39)	(39)	—	—	—
Total liabilities and equity	348	352	2,471	2,294	600
Common shares outstanding (cover page) millions of shares	—	4	—	—	—

Fiscal years (NPWR's year ends in late December)

In millions of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	—	4	—	(49)	(579)
Stock-based compensation	—	13	—	34	46
Depreciation and amortization	—	13	—	82	62
Net cash from operating activities	—	(1)	—	(32)	(121)
Purchases of property and equipment	—	0	—	69	33
Net cash from investing activities	—	(0)	—	(169)	(9)
Proceeds from issuing common stock	—	—	—	0	0
Proceeds from issuing equity	345	—	—	—	—
Proceeds from long-term debt	—	2	—	—	—
Repayments of long-term debt	—	10	—	—	—
Net cash from financing activities	—	(0)	—	(5)	(0)

SIC 3620 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3620 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Net Power	118	not reported	(9.6)*	not reported	32.0 quarters	Q2 FY26 10-QJun 30, 2026
Fuelcell Energy	658	33	(12)*	80.0M	25.6 quarters	Q3 FY26 10-QJul 31, 2026
Newbury Street II Acquisition	0.4	not reported	(0.1)*	not reported	3.9 quarters	Q2 FY26 10-QJun 30, 2026
374Water	1.8	2.3	0.2*	17.7M	—	Q2 FY26 10-QJun 30, 2026
Graftech International	134	140	(8.4)*	26.9M	—	Q3 FY26 10-QSep 30, 2026
SCI Engineered Materials	11	8.1	1.3*	4.5M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.