NET Power Inc. is classed by the SEC under Electrical Industrial Apparatus (industry code 3620), based in Durham, NC. In its latest annual figures on file, for the fiscal year ended 2025-12-31, it reported revenue of $0 thousand and a loss of $1.7 billion (its filed statements).
Product businessElectrical Industrial ApparatusDurham, NCfilings since 20214 of 9 filed, 5 estimated
Three tenses, nine metrics. Unseen metrics stay unseen; the grade never fakes a number. Proxy era: provisional values, marked. Weighed as a product business: prior from its industry code (SEC 3620, Electrical Industrial Apparatus); the filing read can change it. All three tenses have at least two readings, so the archetype blend applies as printed.
The grade, in three tenses
Headline 4.5 out of ten, 4 of 9 metrics filed and 5 estimated: past 2.8 out of ten, present 3.2 out of ten, future 7.8 out of ten. The past asks what it actually did, the present what it is doing right now, the future what it is set up to do next.
The nine metrics
Surviving crises (past): 5.0 out of ten. 3 warning events since 2021; the latest 2025-03-21. 50th percentile among 9 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Track record (past): 2.1 out of ten. 3 filed years; profitable in 0 of 3. 21st percentile among 7 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Shareholder treatment (past): 0.7 out of ten. CrossAssetData estimate 0.7/10, confidence 35 of 100 (one part). 7th percentile among 8 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Financial health (present): 3.3 out of ten. ROE -284%: lost 284¢ per shareholder dollar. Leverage 66%: owes 66¢ per asset dollar. 33rd percentile among 8 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Industry position (present): 3.1 out of ten. CrossAssetData estimate 3.1/10, confidence 20 of 100 (family median). 50th percentile among 7 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
Leadership (present): 3.1 out of ten. CrossAssetData estimate 3.1/10, confidence 35 of 100 (one part). 31st percentile among 8 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Room to expand (future): 8.1 out of ten. CrossAssetData estimate 8.1/10, confidence 35 of 100 (one part). 81st percentile among 8 sector filers. A CrossAssetData estimate, not a filed reading: one part, confidence 35 of 100; a filing that carries the missing parts replaces this estimate with the filed reading.
Growth drivers (future): 9.3 out of ten. top 7% of 7 in its family for growth drivers. 93rd percentile among 7 sector filers. A production reading, recomputed from the filings on every data build (read from EDGAR 2026-10-12).
Expectations vs reality (future): 5.0 out of ten. CrossAssetData estimate 5.0/10, confidence 20 of 100 (family median). 50th percentile among 6 sector filers. A CrossAssetData estimate, not a filed reading: family median, confidence 20 of 100; its next annual report on file with the inputs replaces this estimate with the filed reading.
The filing record
Newest annual report: Form 10-K filed 2026-03-09 for the period ended 2025-12-31 (on EDGAR). Newest quarterly report: Form 10-Q filed 2026-08-13 for the period ended 2026-06-30 (on EDGAR). Newest results release: Form 8-K filed 2026-08-13 (on EDGAR). Newest filing: Form 4, 2026-10-08. Filings on record since 2021. Read from EDGAR 2026-10-12.
Who runs it
Shuman, Ned Leland (Chief Financial Officer); Alexander, Ralph (director); Kelliher, Joseph T (director); Peterson, Carol R. (director); Veltmann, Alejandra (director). 5 officers and directors have filed their own trades in the last fifteen months, names and titles as filed with the SEC, through 2026-10-08.
Every stock is a company. We grade the company behind the stock. CrossAssetData is a company research product: no investment advice, no price targets, no price predictions; every claim carries its source, and unseen means unseen. The full file draws when the page's script runs: the essentials, the balance sheet, the estimators, the trend, and every filing of the last ten years.