NET Power Inc. (NPWR) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 311.06M | 343.76M | 369.59M | 408.51M | 497.92M | 513.03M | 564.07M | 583.11M | 600.02M | 640.8M | 650.85M | 654.35M | 8.16M | 7.5M | 2.41M | 2.68M | 2.98M | 3.33M | 3.69M | 5.13M |
| Cash & Short-Term Investments | 308.01M | 337.89M | 365.39M | 403.4M | 490.7M | 507.57M | 559.13M | 579.37M | 597.78M | 636.93M | 645.25M | 648.64M | 5.24M | 5.16M | 2.01M | 2.13M | 2.28M | 2.57M | 2.81M | 4.11M |
| Cash Only | 133.15M | 199.43M | 229.31M | 284.02M | 300.03M | 329.23M | 386.26M | 405.14M | 428.6M | 536.93M | 545.25M | 648.64M | 5.24M | 5.16M | 2.01M | 2.13M | 2.28M | 2.57M | 2.81M | 4.11M |
| Short-Term Investments | 174.87M | 138.46M | 136.08M | 119.37M | 190.68M | 178.34M | 172.87M | 174.22M | 169.19M | 100M | 100M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 845K | 1.38M | 1.47M | 1.73M | 5.13M | 3.68M | 2.36M | 1.05M | 373K | 2M | 2.9M | 2.13M | 63K | 352K | 7.96K | 7.96K | 7.96K | 7.96K | 0 | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | 13.08K | 272.81 | - | - | - | 796.43 | 373.5 | 2.76K | 5.19 | 3.48 | 3.2 | 1.31 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | 1.07K | - | - | - | - | - | - | - | - |
| Other Current Assets | 2.2M | 4.5M | 2.73M | 3.38M | 0 | 0 | 184K | 344K | 358K | 93K | 40K | 23K | 2.42M | 1.79M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 231.76M | 255.94M | 260.31M | 1.38B | 1.34B | 1.78B | 1.77B | 1.77B | 1.85B | 1.83B | 1.84B | 1.87B | 67.95M | 70.64M | 347.04M | 345.51M | 345.07M | 345.04M | 345.04M | 345.03M |
| Property, Plant & Equipment | 41.08M | 33.31M | 16.93M | 100.62M | 102.64M | 154.17M | 133.61M | 109.91M | 103.22M | 99.07M | 91.94M | 92.47M | 67.69M | 70.38M | 70.89M | 0 | 0 | 80.43M | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - | 0.00x | 0.00x | - | - | - | 0.00x | 0.00x | 0.00x | 0.00x | - | - | 0.01x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 359.85M | 359.85M | 359.85M | 423.92M | 423.92M | 423.95M | 433.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 179.06M | 181.57M | 184.05M | 1.21B | 1.22B | 1.24B | 1.26B | 1.27B | 1.29B | 1.31B | 1.32B | 1.34B | 258K | 263K | 269K | 0 | 0 | 285K | 0 | 0 |
| Long-Term Investments | 10.28M | 38.24M | 58.63M | 68.91M | 10.05M | 22.63M | 18.41M | 27.43M | 27.79M | 0 | 0 | 0 | 0 | 0 | 347.04M | 0 | 0 | 345.04M | 345.04M | 0 |
| Other Non-Current Assets | 1.35M | 2.81M | 694K | 3.14M | 3.37M | 3.1M | 3.02M | 2.83M | 0 | 0 | 0 | 0 | 0 | 0 | 347.04M | 345.51M | 345.07M | 345.04M | 0 | 345.03M |
| Total Assets | 542.82M | 599.7M | 629.89M | 1.79B | 1.84B | 2.29B | 2.34B | 2.36B | 2.45B | 2.47B | 2.49B | 2.52B | 76.11M | 78.14M | 349.45M | 348.2M | 348.05M | 348.37M | 348.73M | 350.15M |
| Asset Turnover | - | - | - | - | - | - | 0.00x | 0.00x | - | - | - | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | - |
| Asset Growth % | -70.48% | -73.86% | -73.04% | -24.08% | -24.8% | -7.24% | -6.19% | -6.52% | 3112.77% | 3065.23% | 612.78% | 624.15% | -78.13% | -77.57% | 0.21% | -0.56% | - | - | - | - |
| Total Current Liabilities | 13.06M | 47.47M | 22.29M | 41.83M | 21.37M | 17.91M | 26.91M | 14.56M | 10.55M | 12.02M | 9.41M | 5.39M | 8.27M | 8.45M | 1.54M | 653.57K | 522.87K | 519.32K | 631.87K | 1.81M |
| Accounts Payable | 346K | 1.44M | 1.31M | 1.04M | 849K | 3.09M | 3.64M | 1.98M | 2.67M | 617K | 1.69M | 1.07M | 672K | 577K | 62.59K | 4.24K | 5.18K | 143.41K | 1.3K | 1.19M |
| Days Payables Outstanding | 23.51 | 6.13 | - | 3.98 | 39.5 | 14.52 | 258.8K | 235.5 | 461.46 | 261.04 | 438.83 | 260.73 | 315.76 | 1.34K | 0.91 | 2.76 | 106.13 | 144.71 | - | - |
| Short-Term Debt | 1.16M | 1.2M | 1.24M | 0 | 0 | 0 | 0 | 0 | 0 | 347K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.01M | 166.59K | 166.59K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7.01M | 0 | 0 |
| Other Current Liabilities | 11.55M | 44.83M | 17.25M | 1.62M | 992K | 2.92M | 2.69M | 1.77M | 819K | 11.06M | 1.02M | 3.85M | 4.1M | 5.35M | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 23.82x | 7.24x | 16.58x | 9.77x | 23.30x | 28.65x | 20.96x | 40.06x | 56.90x | 53.31x | 69.17x | 121.31x | 0.99x | 0.89x | 1.57x | 4.11x | 5.69x | 6.40x | 5.84x | 2.84x |
| Quick Ratio | 23.82x | 7.24x | 16.58x | 9.77x | 23.30x | 28.65x | 20.96x | 40.06x | 56.90x | 53.31x | 69.17x | 120.65x | 0.99x | 0.89x | 1.57x | 4.11x | 5.69x | 6.40x | 5.84x | 2.84x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | 1.6K | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 11.89M | 17.03M | 25.12M | 17.17M | 19.02M | 114.02M | 63.92M | 101.26M | 139.18M | 130.28M | 220.08M | 175.3M | 3.1M | 5.28M | 18.89M | 17.66M | 23.9M | 41.8M | 43.88M | 38.56M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 2.39M | 2.58M | 2.78M | 3.02M | 1.9M | 2.23M | 2.49M | 1.63M | 1.73M | 1.81M | 0 | 582K | 621K | 656K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 1.9M | 3.08M | 4.7M | 4.31M | 16.35M | 30.98M | 53.09M | 59.88M | 63.61M | 80.57M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.5M | 14.45M | 20.44M | 11.07M | 12.42M | 107.48M | 45.08M | 68.65M | 84.37M | 68.59M | 156.47M | 10.87M | 2.48M | 4.63M | 18.89M | 17.66M | 23.9M | 41.8M | 43.88M | 38.56M |
| Total Liabilities | 24.95M | 64.5M | 47.41M | 58.99M | 40.39M | 131.93M | 90.84M | 115.81M | 149.73M | 142.3M | 229.49M | 180.69M | 11.36M | 13.73M | 20.43M | 18.32M | 24.43M | 42.32M | 44.51M | 40.37M |
| Total Debt | 3.55M | 3.79M | 4.01M | 4.23M | 2.76M | 3.1M | 3.17M | 2M | 2.09M | 2.15M | 3K | 724K | 755K | 786K | 0 | 0 | 0 | 7.01M | 166.59K | 166.59K |
| Net Debt | -129.6M | -195.65M | -225.3M | -279.79M | -297.27M | -326.13M | -383.09M | -403.14M | -426.5M | -534.77M | -545.25M | -647.92M | -4.49M | -4.38M | -2.01M | -2.13M | -2.28M | 4.44M | -2.64M | -3.94M |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.01x | 0.01x | - | - | - | 0.02x | 0.00x | 0.00x |
| Debt / EBITDA | - | 0.01x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.03x | 0.03x |
| Net Debt / EBITDA | - | -0.56x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.52x | -0.64x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | -567.97x | - | - | -429.22x | - | - | - | - |
| Total Equity | 517.88M | 535.21M | 582.49M | 1.73B | 1.8B | 2.16B | 2.25B | 2.24B | 2.3B | 2.33B | 2.26B | 2.34B | 64.75M | 64.4M | 329.02M | 329.88M | 323.62M | 306.05M | 304.22M | 309.79M |
| Equity Growth % | -71.21% | -75.25% | -74.06% | -22.79% | -21.66% | -7.24% | -0.69% | -4.25% | 3445.28% | 3519.32% | 587.29% | 609.58% | -79.99% | -78.96% | 8.15% | 6.49% | - | - | - | - |
| Book Value per Share | 6.07 | 6.79 | 7.48 | 22.27 | 23.36 | 28.17 | 30.54 | 31.18 | 31.93 | 32.70 | 32.79 | 34.75 | 1.50 | 1.49 | 287.75 | 88.77 | 7.50 | 7.10 | 7.05 | 24.61 |
| Total Shareholders' Equity | 205.32M | 203.9M | 143.76M | 616.2M | 637.21M | 655.6M | 767.48M | 730.5M | 659.77M | 785.01M | 104.02M | 455.44M | 64.75M | 64.4M | 328.53M | 329.36M | 323.34M | 306.44M | 304.68M | 310.03M |
| Common Stock | 23K | 22K | 22K | 22K | 22K | 22K | 21K | 21K | 21K | 21K | 21K | 21K | 274.99M | 262.62M | 346.91M | 345.39M | 345M | 345M | 345M | 304.79M |
| Retained Earnings | -704.53M | -694.67M | -675.03M | -263.54M | -235.39M | -116.04M | -81.72M | -82.54M | -78.27M | -66.85M | -89.36M | -58.8M | -241.59M | -224.53M | -18.38M | -16.03M | -21.66M | -38.56M | -40.32M | -6.21M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1K | 129K | 119K | 61K | 38K | 32K | 112K | -67K | 224K | 0 | 0 | 1K | 17K | 17K | 15K | 0 | 0 | 20K | 0 | 0 |
| Minority Interest | 312.55M | 331.3M | 438.73M | 1.11B | 1.16B | 1.51B | 1.48B | 1.51B | 1.64B | 1.55B | 2.16B | 1.89B | 0 | 0 | 492.64K | 525.66K | 284.97K | -390.89K | -461.36K | -247.22K |