What is NET Power's shares (diluted)?

NET Power (NPWR) reported shares (diluted) of 85.4M in Q1 2026.

How has NET Power's shares (diluted) changed year-over-year?

NET Power's shares (diluted) increased by 10.9% year-over-year, from 77M to 85.4M.

What is the long-term trend for NET Power's shares (diluted)?

Over 2 years (2023 to 2025), NET Power's shares (diluted) has grown at a 45.9% compound annual growth rate (CAGR), from 146.2M to 311.4M.

What does shares (diluted) mean?

The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.

NET Power NPWR Shares (Diluted)

Shares (Diluted) at other companies

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62M+1.9%

NuScale PowerSMR

319.7M+150%

FIP

FTAI Infrastructure Inc.FIP

116.7M-4.9%

ArganAGX

14.2M+0.6%

Natural Gas Services GroupNGS

12.7M+1.1%

Nextra EnergyNEE

——

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

See full

Operating cash flow-$51.1M-151%

CapEx$8.2M-8.2%

Free cash flow-$59.3M-102%

Valuation

See full

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 us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding.

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 shares (diluted)?: NET Power (NPWR) reported shares (diluted) of 85.4M in Q1 2026.
How has NET Power's shares (diluted) changed year-over-year?: NET Power's shares (diluted) increased by 10.9% year-over-year, from 77M to 85.4M.
What is the long-term trend for NET Power's shares (diluted)?: Over 2 years (2023 to 2025), NET Power's shares (diluted) has grown at a 45.9% compound annual growth rate (CAGR), from 146.2M to 311.4M.
What does shares (diluted) mean?: The weighted-average shares outstanding plus all potentially dilutive shares from stock options, RSUs, convertible securities, and warrants, using the treasury stock method.