NASDAQ : FRVO
Fervo Energy Company — Financial statements
Utilities · Utilities - Independent Power Producers · United States
Last price 8.275 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.44B
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Financial statements
Fervo Energy Company (FRVO) reported revenue of 312.00K USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Revenue | 312.00K | 138.00K | 199.00K |
| Operations & Maintenance | 766.00K | 388.00K | 380.00K |
| Selling, General & Admin | 77.57M | 48.40M | 41.63M |
| Depreciation & Amortization | 624.00K | 290.00K | 124.00K |
| Total Operating Expenses | 77.68M | 48.94M | 42.04M |
| Operating Income | -77.37M | -48.81M | -41.84M |
| Interest Expense | -10.37M | -8.41M | -766.00K |
| Interest Income | 14.90M | 4.19M | 1.79M |
| Net Interest Expense | 4.53M | -4.21M | 1.02M |
| Other Non-Operating Income (Expenses) | -52.10M | -4.77M | -237.00K |
| EBT Excluding Unusual Items | -124.95M | -57.79M | -41.05M |
| Pretax Income | -124.95M | -57.79M | -41.05M |
| Income Tax Expense | 1.00K | 56.00K | |
| Net Income | -124.95M | -57.79M | -41.11M |
| Preferred Dividends & Other Adjustments | 19.58M | 12.73M | |
| Net Income to Common | -144.53M | -70.52M | -41.11M |
| Shares Outstanding (Basic) | 46.34M | 8.97M | 8.95M |
| Shares Outstanding (Diluted) | 46.34M | 8.97M | 8.95M |
| EPS (Basic) | -3.12 | -7.87 | -4.59 |
| EPS (Diluted) | -3.12 | -7.87 | -4.59 |
| Free Cash Flow | -733.32M | -497.42M | -233.44M |
| Free Cash Flow Per Share | -15.83 | -55.48 | -26.09 |
| Profit Margin | -46,324.68% | -51,097.83% | -20,658.29% |
| Free Cash Flow Margin | -235,038.46% | -360,446.38% | -117,307.04% |
| EBITDA | -76.75M | -48.52M | -41.71M |
| D&A For EBITDA | 624.00K | 290.00K | 124.00K |
| EBIT | -77.37M | -48.81M | -41.84M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Cash & Equivalents | 2.11B | 461.84M | 193.43M |
| Other Receivables | 17.18M | 10.58M | 3.95M |
| Prepaid Expenses | 30.63M | 9.71M | 7.92M |
| Total Current Assets | 2.15B | 482.13M | 205.30M |
| Property, Plant & Equipment | 1.32B | 851.98M | 285.37M |
| Other Long-Term Assets | 57.08M | 31.05M | 40.63M |
| Total Assets | 3.54B | 1.37B | 531.30M |
| Accounts Payable | 29.67M | 10.79M | 35.04M |
| Accrued Expenses | 10.55M | 14.43M | 5.51M |
| Current Unearned Revenue | 888.00K | 1.48M | |
| Current Portion of Leases | 24.74M | 4.82M | 1.93M |
| Other Current Liabilities | 174.02M | 120.98M | 22.87M |
| Total Current Liabilities | 250.03M | 151.91M | 66.83M |
| Long-Term Debt | 217.38M | 172.84M | 39.02M |
| Long-Term Leases | 85.12M | 72.64M | 40.85M |
| Other Long-Term Liabilities | 1.75M | 11.41M | 299.00K |
| Total Liabilities | 554.28M | 408.79M | 146.99M |
| Total Preferred Equity | 1.02B | 561.50M | |
| Common Stock | 30.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 3.13B | 2.58M | |
| Retained Earnings | -332.28M | -244.54M | -179.78M |
| Treasury Stock | -1.96M | ||
| Total Common Equity | 2.79B | -246.50M | -177.19M |
| Minority Interest | 186.98M | 179.93M | |
| Shareholders' Equity | 2.98B | 956.37M | 384.31M |
| Total Liabilities & Equity | 3.54B | 1.37B | 531.30M |
| Total Debt | 338.29M | 250.30M | 81.80M |
| Net Cash (Debt) | 1.77B | 211.54M | 111.63M |
| Net Cash Per Share | 38.16 | 23.60 | 12.48 |
| Filing Date Shares Outstanding | 294.76M | 9.19M | 8.97M |
| Total Common Shares Outstanding | 294.65M | 9.19M | 8.97M |
| Working Capital | 1.90B | 330.22M | 138.47M |
| Book Value Per Share | 9.48 | -26.83 | -19.75 |
| Tangible Book Value | 2.79B | -246.50M | -177.19M |
| Tangible Book Value Per Share | 9.48 | -26.83 | -19.75 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Net Income | -124.95M | -57.79M | -41.11M |
| Depreciation & Amortization | 624.00K | 290.00K | 124.00K |
| Other Amortization | 2.81M | 1.95M | 689.00K |
| Stock-Based Compensation | 12.41M | 2.67M | 1.37M |
| Change in Accounts Payable | 5.73M | -2.86M | 3.50M |
| Change in Other Net Operating Assets | -34.67M | 14.94M | -23.41M |
| Other Operating Activities | 56.30M | 9.04M | 4.09M |
| Operating Cash Flow | -81.75M | -31.76M | -54.75M |
| Capital Expenditures | -651.57M | -465.66M | -178.69M |
| Investing Cash Flow | -651.57M | -465.66M | -178.69M |
| Long-Term Debt Issued | 134.96M | 40.68M | |
| Net Debt Issued (Repaid) | 162.39M | 134.96M | 40.68M |
| Issuance of Common Stock | 2.06B | 492.00K | 70.00K |
| Repurchase of Common Stock | -1.94M | ||
| Other Financing Activities | 68.16M | 170.31M | -5.84M |
| Financing Cash Flow | 2.76B | 765.82M | 403.75M |
| Net Cash Flow | 2.02B | 268.41M | 170.31M |
| Free Cash Flow | -733.32M | -497.42M | -233.44M |
| Free Cash Flow Margin | -235,038.46% | -360,446.38% | -117,307.04% |
| Free Cash Flow Per Share | -15.83 | -55.48 | -26.09 |
| Levered Free Cash Flow | -422.75M | ||
| Unlevered Free Cash Flow | -419.44M | ||
| Cash Interest Paid | 11.22M | 8.27M | |
| Cash Income Tax Paid | 52.00K | 52.00K | 2.00K |
| Change in Working Capital | -28.94M | 12.09M | -19.91M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | |
|---|---|---|---|
| Market Capitalization | 2.49B | ||
| Enterprise Value | 725.61M | ||
| Debt / Equity Ratio | 0.11 | 0.26 | 0.21 |
| Net Debt / Equity Ratio | -0.59 | -0.22 | -0.29 |
| Net Debt / EBITDA Ratio | 23.04 | 4.36 | 2.68 |
| Net Debt / FCF Ratio | 2.41 | 0.42 | 0.48 |
| Quick Ratio | 8.49 | 3.11 | 2.95 |
| Current Ratio | 8.62 | 3.17 | 3.07 |
| Asset Turnover | 0.00 | ||
| Return on Equity (ROE) | -8.62% | ||
| Return on Assets (ROA) | -3.22% | ||
| Return on Capital Employed (ROCE) | -2.40% | -4.00% | -9.00% |
| Buyback Yield / Dilution | -0.19% |