State Ledger
Company profile

Net Power Inc. CIK 1845437

Tickers
NPWR (NYSE) · NPWR-WT (NYSE)
Industry
Electrical Industrial Apparatus
Headquarters
Houston, TX 77079
Fiscal year end
2025 (FY)
Market Data
Close
$1.24
Change
+$0.01
Change %
0.41%
Volume
29,286

NPWR · trading date Oct 12, 2026 · previous close $1.23 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
$0
Net income
-$578.63M
Total assets
$599.70M
Total liabilities
$64.50M
Stockholders' equity
$203.90M
Cash & equivalents
$199.43M
Operating income
-$1.79B
Operating cash flow
-$120.78M
Capital expenditures
$33.21M

Fiscal year 2025, via 10-K filed 2026-03-09. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
-$154.00M
Free cash flow margin
—
Liabilities / assets
10.8%
Equity / assets
34.0%
CapEx / revenue
—
Operating cash flow / net income
0.21×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 $0 -$578.63M $599.70M $64.50M $203.90M
2024 $250.0K -$49.19M $2.29B $131.93M $655.60M
2023 — — $2.47B $140.14M $785.01M
2022 $580.0K -$54.78M $78.14M $13.74M -$39.31M
2021 — — $348.37M $42.32M -$38.56M
Company Details
SIC code
3620
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 8-K
2026-09-11
Financials filed via
Form 10-K
filed 2026-03-09

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Houston, TX 77079
11700 KATY FREEWAY
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:58 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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