What is NET Power's warrant liability?

NET Power (NPWR) reported warrant liability of $5.82M in Q1 2026.

How has NET Power's warrant liability changed year-over-year?

NET Power's warrant liability decreased by 35.3% year-over-year, from $8.99M to $5.82M.

What does warrant liability mean?

This represents the fair value of outstanding warrants that grant holders the right to purchase company stock at a specified price. As a non-current liability, it reflects long-term financial obligations that are subject to periodic revaluation based on market conditions and stock price volatility.

NET Power NPWR Warrant liability

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Other financials

Income statement

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Revenue-—

Gross profit-—

Operating income-$34.2M+92.8%

Net income-$9.9M+91.7%

EPS (diluted)-$0.12+92.3%

Balance sheet

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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-21.2%

Enterprise value$16.8M-115%

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:WarrantLiabilityNoncurrent.

The official record: NET Power’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NET Power's warrant liability?: NET Power (NPWR) reported warrant liability of $5.82M in Q1 2026.
How has NET Power's warrant liability changed year-over-year?: NET Power's warrant liability decreased by 35.3% year-over-year, from $8.99M to $5.82M.
What does warrant liability mean?: This represents the fair value of outstanding warrants that grant holders the right to purchase company stock at a specified price. As a non-current liability, it reflects long-term financial obligations that are subject to periodic revaluation based on market conditions and stock price volatility.