Fervo Energy Company (FRVO) Stock Analysis
Utilities · Utilities - Renewable · NasdaqGS
Fervo Energy Company (FRVO) posted $138,000 in revenue for fiscal 2025 (down 30.7% year over year), with a net loss of $57.79M, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Fervo Energy Company
Fervo Energy Company posted $138,000 in revenue in fiscal 2025. The most recent year was down 30.7%.
Net margin sits at -41875.4%, down 21217.1 points year over year on a -181.2% gross margin. It carries about $172.84M of total debt.
The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Fervo Energy Company's SEC filings — descriptive, not advice. Ask the analyst your own question →
Fervo Energy Company revenue & earnings — last 2 fiscal years
| Metric | 2024 | 2025 |
|---|---|---|
| Revenue | $199,000 | $138,000 |
| Gross profit | $-181,000 | $-250,000 |
| Net income | $-41.11M | $-57.79M |
| Net margin | -20658.3% | -41875.4% |
Source: Fervo Energy Company SEC filings (10-K).
Fervo Energy Company: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 167.7% while revenue rose -30.7% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Debt with negative operating cash flowCarries $172.8M of debt while last year's operating cash flow was negative ($-31.8M).
Explore 2 years of Fervo Energy Company financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track FRVO in your portfolio →
Fervo Energy Company financial history by metric
Compare Fervo Energy Company with peers
About Fervo Energy Company
Fervo Energy Company operates as a geothermal energy developer, builds, owns, and operates geothermal power facilities. The company's product incorporates horizontal drilling, advanced computational models, and distributed fiber optic sensing that increase the productivity and lifetime of geothermal wells. The company employs precision directional drilling technology to drill horizontally in geothermal reservoirs and develops a data analytics algorithm that enables the identification of existing resources and optimizes flow distribution through the reservoir for heat mining efficiency. The company was incorporated in 2017 and is headquartered in Houston, Texas.
Fervo Energy Company — frequently asked questions
What is Fervo Energy Company's revenue?
Fervo Energy Company (FRVO) reported revenue of $138,000 for fiscal year 2025, down 30.7% from the prior year, according to its SEC filings.
Is Fervo Energy Company profitable?
No — FRVO reported a net loss of $-57.79M in fiscal 2025.
What is FRVO's P/E ratio?
Fervo Energy Company trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How much debt does Fervo Energy Company have?
As of fiscal year 2025, FRVO carried roughly $172.84M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Fervo Energy Company's gross margin?
FRVO's gross margin was -181.2% in fiscal 2025 — gross profit of $-250,000 on revenue of $138,000.
What is Fervo Energy Company's market cap?
Fervo Energy Company (FRVO) has a market capitalization of about $10.35B, based on the latest data in our nightly-refreshed cache.
When does Fervo Energy Company's fiscal year end?
FRVO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Fervo Energy Company's official SEC filings (10-K and 10-Q), covering 2 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.