Fervo Energy
FRVO
13.97
-0.36
-2.51%
Fervo Energy
US · FRVO
#2296 by market cap
Listed 2026
13.97
-0.36
-2.51%
Live - 5344 symbols - heartbeat 364s ago
· 2026-10-08 07:00
Pre-market
13.86
-0.77%
After-hours
13.95
-0.14%
Overnight
13.85
-0.86%
- Market cap
- 4.12B
- P/E (TTM)i
- -31.25
- P/Bi
- 1.47
- EPSi
- -0.25
- Div yieldi
- 0.00%
- 52W posi
- 3%
Reader sentiment
Are you bullish or bearish on FRVO?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.65, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 2 years
Latest year -30.65% YoY
Margins
- Gross margin
- -181.16%
- Operating margin
- -35,366.67%
- Net margin
- -41,875.36%
Key ratios & quality
- Enterprise valuei
- 3.83B
- Altman Z-Scorei
- 1.65
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2024 | 2025 |
|---|---|---|
| Revenue | 199.00K | 138.00K |
| Gross profit | -181.00K | -250.00K |
| Selling & admin expenses | 41.63M | 48.40M |
| Research & development | -97.00K | -133.00K |
| Operating profit | -41.84M | -48.81M |
| Pretax profit | -41.05M | -57.79M |
| Tax | 56.00K | 1.00K |
| Net profit | -41.11M | -57.79M |
| Basic EPS | 0 | 0 |
| Diluted EPS | -0.14 | -0.20 |
| Line item | 2025-03 | 2025-06 | 2026-03 | 2026-06 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 61.00K | 113.00K |
| Gross profit | -252.00K | -158.00K | -421.00K | -193.00K |
| Selling & admin expenses | 9.67M | 9.69M | 19.61M | 28.92M |
| Research & development | -36.00K | 395.00K | -72.00K | -712.00K |
| Operating profit | -9.93M | -10.30M | -20.05M | -28.74M |
| Pretax profit | -9.15M | -11.44M | -31.83M | -55.91M |
| Tax | -- | 2.00K | -- | 1.00K |
| Net profit | -9.15M | -11.44M | -31.83M | -55.92M |
| Basic EPS | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.03 | -0.04 | -0.12 | -0.38 |
Balance sheet
| Line item | 2024 | 2025 |
|---|---|---|
| Total current assets | 205.30M | 482.13M |
| Cash & ST investments | 193.43M | 461.84M |
| Inventory | -- | -- |
| Total assets | 531.30M | 1.37B |
| Total current liabilities | 66.83M | 151.91M |
| Short-term debt | 1.93M | 4.82M |
| Long-term debt | 39.02M | 172.84M |
| Total liabilities | 708,494,000.00 | 1,431,736,000.00 |
| Total equity | -177.20M | -66.57M |
| Retained earnings | -179.78M | -244.54M |
| Line item | 2025-03 | 2025-06 | 2026-03 | 2026-06 |
|---|---|---|---|---|
| Total current assets | -- | -- | 307.87M | 2.15B |
| Cash & ST investments | -- | -- | 280.78M | 2.11B |
| Inventory | -- | -- | -- | -- |
| Total assets | -- | -- | 1.43B | 3.54B |
| Total current liabilities | -- | -- | 201.92M | 250.03M |
| Short-term debt | -- | -- | 25.34M | 35.79M |
| Long-term debt | -- | -- | 186.64M | 217.38M |
| Total liabilities | -- | -- | 1,522,464,000.00 | 554,276,000.00 |
| Total equity | -- | -- | -94.96M | 2.98B |
| Retained earnings | -- | -- | -276.36M | -332.28M |
Cash flow
| Line item | 2024 | 2025 |
|---|---|---|
| Operating cash flow | -54.75M | -31.76M |
| Depreciation & amortization | 124.00K | 290.00K |
| Free cash flow | -233.44M | -497.42M |
| Dividends paid | -- | -- |
| Stock buybacks / issuance | 70.00K | 166.73M |
| Ending cash balance | 199.43M | 467.84M |
| Line item | 2025-03 | 2025-06 | 2026-03 | 2026-06 |
|---|---|---|---|---|
| Operating cash flow | 17.07M | -10.85M | -9.04M | -34.74M |
| Depreciation & amortization | 47.00K | 56.00K | 93.00K | 344.00K |
| Free cash flow | -88.37M | -118.78M | -181.83M | -261.22M |
| Dividends paid | -- | -- | -- | -- |
| Stock buybacks / issuance | -1.86M | 51.00K | 826.00K | 2.04B |
| Ending cash balance | 117.23M | 94.75M | 286.78M | 2.12B |
Returns & efficiency
| Line item | 2024 | 2025 |
|---|---|---|
| ROE %i | -- | -- |
| ROA %i | -7.74 | -6.09 |
| ROIC %i | -- | -- |
| 5-year avg ROE %i | -- | -- |
| EBIT margin %i | -20,245.23 | -35,783.33 |
| FCF / sales %i | -- | -- |
| Current ratioi | 3.07 | 3.17 |
| Quick ratioi | 2.95 | 3.11 |
| Debt / assetsi | 15.40 | 18.33 |
| LT debt / equityi | -- | -- |
| Interest coveragei | -52.60 | -5.87 |
| Revenue CAGR (3Y) %i | -- | -- |
| Net income CAGR (3Y) %i | -- | -- |
| FCF CAGR (3Y) %i | -- | -- |
| Line item | 2025-03 | 2025-06 | 2026-03 | 2026-06 |
|---|---|---|---|---|
| ROE %i | -- | -- | -- | -4.72 |
| ROA %i | -- | -- | -5.88 | -3.73 |
| ROIC %i | -- | -- | -- | -4.35 |
| 5-year avg ROE %i | -- | -- | -- | -- |
| EBIT margin %i | -- | -- | -35,464.82 | -36,723.40 |
| FCF / sales %i | -- | -- | -- | -- |
| Current ratioi | -- | -- | 1.52 | 8.62 |
| Quick ratioi | -- | -- | 1.47 | 8.49 |
| Debt / assetsi | -- | -- | 20.90 | 9.57 |
| LT debt / equityi | -- | -- | -- | 10.83 |
| Interest coveragei | -- | -- | -7.13 | -11.05 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Commercializing technology to own, develop, and operate geothermal assets as the dispatchable100.00%
Region
United States100.00%
Quote time 2026-10-08 07:00:05 · For reference only, not investment advice and not tailored to your situation.