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Companies / Industrials / Net Power Inc.
NPWR

Net Power Inc.

IndustrialsElectronic Equipment
Ticker NPWRHOUSTON, TXFiscal year ends DecemberBook value per share $0.96Diluted shares 86.9M

NET Power Inc. (NYSE: NPWR) is an energy technology and project development company developing low-carbon natural-gas power plants. Its current focus is a modular plant design that pairs gas turbines with post-combustion carbon capture, with plans to build, own and operate facilities and monetize electricity, captured… From the company’s description.

In fiscal 2025, Net Power Inc. reported a net loss of $1.67B. Operations used $120.78M in cash.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$0.00MFY2025
−100.0% year over year
0.00%FY2025
$-1.67BFY2025
−916.4% year over year
Last 12 mo $-1.45B
459.76%FY2025
+467.3 percentage points
Last 12 mo 923.62%
Cash & financing
$-120.78MFY2025
−281.6% year over year
Last 12 mo $-136.55M
$-155.22MFY2025
−52.9% year over year
Last 12 mo $-167.34M
0.00FY2025
Was 0.00× a year earlier
Last 12 mo 0.00
78.8MFY2025
+7.4% year over year
Last 12 mo 86.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Net Power Inc. does

In the company’s own words

NET Power Inc. (NYSE: NPWR) is an energy technology and project development company developing low-carbon natural-gas power plants. Its current focus is a modular plant design that pairs gas turbines with post-combustion carbon capture, with plans to build, own and operate facilities and monetize electricity, captured carbon dioxide and environmental attributes. Potential customers include utilities, wholesale power buyers, data centers, oil and gas companies, and industrial businesses. The company’s first planned project, in West Texas, is designed for phased development of up to 1 gigawatt; its initial phase is expected to provide about 80 megawatts of net power. NET Power also retains its oxy-combustion technology, demonstrated at a 50-megawatt-thermal facility in La Porte, Texas, though development and testing were halted in 2025 as resources shifted to the gas-turbine and carbon-capture strategy. The company was founded in 2010 and had 54 full-time employees as of January 31, 2026. Its website is https://netpower.com/.

Company details
Sector
Industrials
Industry (SIC)
Electronic Equipment
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1845437
SIC
3620

Financial performance, year by year

Fiscal 2022–2025 · USD
$-1.84B$-1.34B$-836.42M$-334.22M$167.98M2022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Net Power Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

79
funds hold it
0 of 35
superinvestors hold it
$14.50M
held by funds, at market
9.1%
of shares held by funds

Largest fund holders · Net Power Inc.’s weight in each

—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.00%of fund net assets
Nuveen Equity Index Fund
TIEIX · TIAA-CREF Funds
—of fund net assets
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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