NET Power Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	0.25	0.25	0.18	0.58	2.1	0.05
Revenue Growth (YoY)	100.00%	42.86%	-69.83%	-72.42%	4573.33%	-
Cost of Revenue	6.13	1.96	1.11	0.29	0.83	0.04
Gross Profit	-5.88	-1.71	-0.93	0.29	1.27	0.01
Selling, General & Admin	36.85	34.13	40.27	17.99	16.14	14.59
Research & Development	75.21	63.85	40.03	18.94	10.11	7.39
Operating Expenses	195.32	179.61	131.07	50.32	38.98	36.41
Operating Income	-201.19	-181.32	-132.01	-50.03	-37.71	-36.4
Interest Expense	-	-	-0.03	-4.79	-0.58	-
Interest & Investment Income	29.58	31.39	19.47	-	-	0
Other Non Operating Income (Expenses)	21.68	0.36	0	0.04	0	-0.01
EBT Excluding Unusual Items	-149.93	-149.57	-112.56	-54.78	-38.29	-36.4
Merger & Restructuring Charges	-	-	-16.6	-	-	-
Other Unusual Items	63.09	-25.66	-52.54	-	-	-
Pretax Income	-502.74	-175.22	-181.7	-54.78	-38.29	-36.4
Income Tax Expense	-6.15	-10.58	-5.71	-	-	-
Earnings From Continuing Operations	-496.6	-164.64	-175.99	-54.78	-38.29	-36.4
Minority Interest in Earnings	339.48	115.45	98.76	-	-	-
Net Income	-157.12	-49.19	-77.23	-54.78	-38.29	-36.4
Net Income to Common	-157.12	-49.19	-77.23	-54.78	-38.29	-36.4
Shares Outstanding (Basic)	75	73	41	4	4	3
Shares Outstanding (Diluted)	75	73	41	4	4	3
Shares Change (YoY)	28.24%	78.19%	1012.42%	4.14%	2.45%	-
EPS (Basic)	-2.10	-0.67	-1.87	-14.79	-10.77	-10.49
EPS (Diluted)	-2.10	-0.67	-1.87	-14.79	-10.77	-10.49
Free Cash Flow	-117.42	-100.3	-60.65	-16.74	-20.33	-25.2
Free Cash Flow Per Share	-1.57	-1.37	-1.47	-4.52	-5.72	-7.26
Gross Margin	-	-	-	50.00%	60.58%	17.78%
Operating Margin	-80477.60%	-72528.40%	-75432.00%	-8625.00%	-1793.11%	-80882.22%
Profit Margin	-62848.00%	-19676.40%	-44132.57%	-9444.48%	-1820.54%	-80897.78%
Free Cash Flow Margin	-46968.40%	-40120.00%	-34657.14%	-2887.07%	-966.71%	-55997.78%
EBITDA	-185.24	-167.03	-118.97	-36.66	-24.97	-23.39
D&A For EBITDA	15.95	14.29	13.04	13.36	12.74	13.01
EBIT	-201.19	-181.32	-132.01	-50.03	-37.71	-36.4

Updated May 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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