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$NPWR
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Consolidated Balance Sheets

In millions of USD, except per-share amounts
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Q1 FY2022
As of Mar 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q3 FY2021
As of Sep 30, 2021
ASSETS
Current assets
Cash and cash equivalents
Short-term investments
Investments in securities, available-for-sale
Accounts receivable, net
Interest receivable
Prepaid expenses
Other current assets
Prepaid expenses and other current assets
Total current assets
Long-term assets
Restricted cash
Investments in securities, available-for-sale
Intangible assets, net
Goodwill
Property, plant, and equipment, net
Operating lease right-of-use assets
Total long-term assets
Other long-term assets
Total assets
LIABILITIES, MEZZANINE SHAREHOLDERS' EQUITY, AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable
Accrued liabilities
Due to related parties
Related Party
Total due to related parties
Operating lease liabilities, current
Finance lease liabilities, current
Tax-related partnership distribution liability
Earnout Shares liability
Asset retirement obligation, current
Total current liabilities
Due to related parties
Related Party
Total due to related parties
Earnout Shares liability
Warrant liability
Non-current operating lease liabilities
Non-current finance lease liabilities
Tax Receivable Agreement liability
Deferred taxes
Total long-term liabilities
Asset retirement obligation
Total liabilities
Mezzanine shareholders' equity
Redeemable non-controlling interests in subsidiary
Shareholders' equity
Membership Interests: 4,987,845 units authorized; 3,722,355 units issued and outstanding as of December 31, 2022 (Predecessor)
Preferred Stock, $.0001 par value; 1,000 shares authorized; no shares issued or outstanding as of June 30, 2026 and December 31, 2025
Common stock, value, issued
Class A Common Stock
Class B Common Stock
Additional paid-in capital
Accumulated other comprehensive (loss) income
Accumulated deficit
Total shareholders' equity
Total liabilities, mezzanine shareholders' equity, and shareholders' equity

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