What is NET Power's tax receivable agreement, liability?

NET Power (NPWR) reported tax receivable agreement, liability of $0 in Q4 2025.

How has NET Power's tax receivable agreement, liability changed year-over-year?

NET Power's tax receivable agreement, liability decreased by 100.0% year-over-year, from $20.97M to $0.

What does tax receivable agreement, liability mean?

This liability represents the company's obligation to pay out a portion of realized tax savings to pre-existing shareholders or partners under a Tax Receivable Agreement. It is a long-term financial commitment that effectively shares the economic benefit of tax attributes with specific counterparties.

NET Power NPWR Tax Receivable Agreement, Liability

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Other financials

Income statement

See full

Revenue-—

Gross profit-—

Operating income-$34.2M+92.8%

Net income-$9.9M+91.7%

EPS (diluted)-$0.12+92.3%

Balance sheet

See full

Cash & equivalents$134.3M-55.6%

Total debt$3.6M+28.6%

Total equity$205.3M-67.8%

Total assets$542.8M-70.5%

Cash flow

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Operating cash flow-$51.1M-151%

CapEx$8.2M-8.2%

Free cash flow-$59.3M-102%

Valuation

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Market cap$147.6M-20.2%

Enterprise value$16.8M-117%

Profitability

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Gross margin91.7%+4.3pp

Operating margin-5,523,266.7%-5,662,660pp

Net margin-1,508,283.3%-1,547,773pp

FCF margin-1,076,558.3%-1,129,620pp

Returns & leverage

See full

Return on equity-111.4%-154pp

Debt / equity0×0.0×

Current ratio23.8×+0.5×

Where this comes from

Reported directly by NET Power in its filing.

Tagged under the XBRL concept npwr:TaxReceivableAgreementLiability.

The official record: NET Power’s 10-K, filed March 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NET Power's tax receivable agreement, liability?: NET Power (NPWR) reported tax receivable agreement, liability of $0 in Q4 2025.
How has NET Power's tax receivable agreement, liability changed year-over-year?: NET Power's tax receivable agreement, liability decreased by 100.0% year-over-year, from $20.97M to $0.
What does tax receivable agreement, liability mean?: This liability represents the company's obligation to pay out a portion of realized tax savings to pre-existing shareholders or partners under a Tax Receivable Agreement. It is a long-term financial commitment that effectively shares the economic benefit of tax attributes with specific counterparties.