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Loss per Share | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Loss per Share | NOTE 11 — Loss per Share Basic loss per share attributable to shareholders is calculated by dividing net loss attributable to shareholders by the weighted-average number of shares outstanding during the period. Diluted loss per share attributable to shareholders includes the effect of potentially dilutive common shares outstanding. The following table sets forth the computation of the Company’s basic and diluted loss per share for the following periods:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
In thousands, except per share data |  | 2025 |  | 2024 |  | 2025 |  | 2024
Numerator |  |  |  |  |  |  |  |
Net loss after income tax |  | $ | (82,047) |  |  | $ | (17,217) |  |  | $ | (455,633) |  |  | $ | (58,849) |
Net loss attributable to NET Power Inc. |  | $ | (28,142) |  |  | $ | (4,268) |  |  | $ | (147,492) |  |  | $ | (15,689) |
Denominator |  |  |  |  |  |  |  |
Weighted-average number shares outstanding, basic and diluted |  | 77,699 |  |  | 72,177 |  |  | 77,350 |  |  | 72,036
Loss per share attributable to shareholders, basic and diluted |  | $ | (0.36) |  |  | $ | (0.06) |  |  | $ | (1.91) |  |  | $ | (0.22) |
Only shares of Class A Common Stock participate in the Company’s undistributed earnings. As such, the Company’s undistributed earnings are allocated entirely to the Class A Common Stock based on the weighted-average number of shares of Class A Common Stock outstanding for the three and six months ended June 30, 2025 and 2024. Based on the amounts outstanding at June 30, 2025 and 2024, the Company excluded the following financial instruments from the computation of diluted loss per share because their inclusion would be anti-dilutive:
In thousands |  |  |  |  |  | June 30,
Anti-Dilutive Instruments |  |  |  |  |  | 2025 |  | 2024
Public Warrants |  |  |  |  |  | 8,621 |  | 8,622
Private Placement Warrants |  |  |  |  |  | 10,900 |  | 10,900
Earnout Shares |  |  |  |  |  | 329 |  | 329
BHES Bonus Shares |  |  |  |  |  | 2,068 |  | 2,068
Unvested Class A OpCo Units |  |  |  |  |  | — |  | 242
Vested Class A OpCo Units |  |  |  |  |  | 142,331 |  | 142,476
Unvested RSUs |  |  |  |  |  | 2,273 |  | 933
Unvested PSUs |  |  |  |  |  | 322 |  | 128
Make-Whole Awards |  |  |  |  |  | 1,257 |  | 1,257
Stock Options |  |  |  |  |  | 6,506 |  | 2,460
Total |  |  |  |  |  | 174,607 |  | 169,415

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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