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Fervo Energy $FRVO

Utilities

Russell 1000 Texas
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$9.29
+0.19 (+2.09%)
As of Oct 20, 2026, 9:06 PM EDT
Price history
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Fervo Energy (FRVO) is trading up at $9.29 (+2.09%), as of the latest quote. It is a Russell 1000 constituent in the Utilities sector.

IPO: May 13, 2026 · $27.00 offering · NASDAQ · View IPO details →

Fervo Energy revenue & net income history

RevenueNet incomeNet margin (right axis, %)
$113.0K−$27.9M−$55.9MQ1 FY2025 revenue: $0Q1 FY2025 net income: −$9.15MQ1 '25Q2 FY2025 revenue: $0Q2 FY2025 net income: −$11.4MQ2 '25Q1 FY2026 revenue: $61.0KQ1 FY2026 net income: −$31.8M · Net margin −52180.3%Q1 '26Q2 FY2026 revenue: $113.0KQ2 FY2026 net income: −$55.9M · Net margin −49482.3%Q2 '26−100%−80%−60%−40%−20%0%Q1 FY2026 net margin: −52180.3% (off the scale, which stops at −100.0%)Q2 FY2026 net margin: −49482.3% (off the scale, which stops at −100.0%)
Fervo Energy quarterly financial statements
Q1 FY25Mar 2025Q2 FY25Jun 2025Q1 FY26Mar 2026Q2 FY26Jun 2026
Income statement
Revenue$0$0$61.0K$113.0K
Gross profit−$252.0K−$158.0K−$421.0K−$193.0K
Gross margin——−690.2%−170.8%
Operating income−$9.93M−$10.3M−$20.1M−$28.7M
Operating margin——−32872.1%−25435.4%
Net income−$9.15M−$11.4M−$31.8M−$55.9M
Net margin——−52180.3%−49482.3%
EPS (diluted)−$1.02−$1.31−$3.72−$0.38
Balance sheet
Cash and equivalents$117.2M$94.7M$280.8M$2.11B
Total assets——$1.43B$3.54B
Total liabilities——$499.6M$554.3M
Long-term debt——$186.6M$217.4M
Shareholders' equity−$187.7M−$198.5M−$278.3M$2.79B
Cash flow
Operating cash flow$17.1M−$10.9M−$9.04M−$34.7M
Capital expenditure$105.4M$107.9M$172.8M$226.5M
Free cash flow−$88.4M−$118.8M−$181.8M−$261.2M
Share buybacks$1.95M$15.0K$0$0

From Fervo Energy's 10-Q filings with the SEC. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. Filings on SEC EDGAR →

About Fervo Energy

Fervo Energy is a geothermal company based in Houston, Texas, that generates electricity through enhanced geothermal systems (EGS). Fervo Energy was co-founded in 2017 by CEO Tim Latimer, a mechanical engineer who worked as a drilling engineer at BHP until 2015, and CTO Jack Norbeck.

Source: Wikipedia — Fervo Energy

Headquarters
Houston, Texas From SEC filings, Oct 2026

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