Fervo Energy Company Class A common stock

FRVO · NASDAQ · Utilities / Utilities - Renewable

11.51USD-0.14 (-1.20%)

Price History

Full chart

Market Stats

Previous Close11.65

Open11.71

Day Range10.97 – 11.99

52-Week Range7.64 – 42.65

Volume7.23M

Market Cap2.66B

P/E (TTM)0.00

Forward P/E0.00

EPS-1.26

Dividend Yield0.00%

50-Day Avg13.12

200-Day Avg22.34

About

Fervo Energy Company builds, owns, and operates geothermal power facilities in the United States. Fervo Energy Company was incorporated in 2017 and is headquartered in Houston, Texas.

Company Details

SectorUtilities
IndustryUtilities - Renewable
CEOMr. Timothy Michael Latimer
Employees261
Headquarters811 Main Street, Houston, TX, United States, 77002, USA
Websitehttps://fervoenergy.com

Leadership

Mr. Timothy Michael LatimerCo-Founder, Chairman, CEO, President & Treasurer · b. 1990
Dr. Jack Hunter Norbeck Ph.D.Co-Founder & CTO · b. 1988
Mr. David Lawrence UlreyChief Financial Officer · b. 1987
Ms. Sarah JewettChief Operating Officer · b. 1990
Paxton BentzingerSenior Director of Corporate Development & Investor Relations
Mr. Gustavo Torres Jr.Senior VP, General Counsel & Corporate Secretary · b. 1981
Mr. Christian GradlSenior Vice President of GeoBlock Factory · b. 1983
Ms. Dawn OwensSenior VP and Head of Development & Commercial Markets · b. 1984
Mr. Evan MallahChief of Staff - Power Generation

Financials

Income Statement

Currency: USD	2024-12-31	2025-12-31
Total Revenue	199.00K	138.00K
Growth (%)	-	-30.65%
Cost of Revenue	380.00K	678.00K
Gross Profit	-181.00K	-540.00K
Gross Margin	-90.95%	-391.30%
Operating Expense	41.66M	48.27M
Operating Income	-41.84M	-48.81M
Operating Margin	-21024.12%	-35366.67%
EBITDA	-40.16M	-48.52M
EBITDA Margin	-20182.91%	-35156.52%
Net Income	-41.11M	-70.52M
Net Income Margin	-20658.29%	-51097.83%
R&D	97.00K	133.00K
R&D as % of Total Revenue	48.74%	96.38%
Interest Expense	766.00K	8.41M
Interest Expense % of Total Revenue	384.92%	6091.30%

Balance Sheet

Currency: USD	2024-12-31	2025-12-31
Total Assets	531.30M	1.37B
Total Liabilities	708.49M	1.43B
Total Equity	-177.19M	-246.50M
Cash	193.43M	461.84M
Total Debt	-	250.30M
Net Debt	-	-211.54M

Cash Flow

Currency: USD	2024-12-31	2025-12-31
Operating Cash Flow	-54.75M	-31.76M
Investing Cash Flow	-	-465.66M
Financing Cash Flow	403.75M	765.82M
Capital Expenditure	178.69M	465.66M
Free Cash Flow	-233.44M	-497.42M
FCF to OCF	426.39%	1566.32%

Earnings

Report Date	Jun 22, 2026	Aug 12, 2026	Nov 9, 2026	Nov 11, 2026
EPS Estimate	-0.09	-0.09	-0.10	-0.09
EPS Actual	-3.72	-0.38	-	-
Surprise	-4033.33%	-322.22%	-	-
Timing	-	Pre-market	Pre-market	-

Key Statistics & Ratios

Market Cap2.66B

Enterprise Value890.68M

Trailing P/E0.00

Forward P/E0.00

Price / Sales8526.40

Price / Book0.95

EPS-1.26

Book Value9.48

Revenue (TTM)312.00K

Gross Profit (TTM)-454.00K

EBITDA-76.75M

Profit Margin0.00%

Operating Margin-25435.40%

Return on Equity-8.62%

Return on Assets-3.22%

Shares Outstanding286.98M

Shares Float183.75M

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 15 analystsTarget 34.07

Strong Buy
10
Buy
5

Ownership Breakdown

Institutions: 60.20%
Insiders: 22.89%
Retail / Other: 16.91%

Top Institutional Holders

Devon Energy Corp
35.73M12.60%
Capricorn Investment Group LLC
34.23M12.07%
JPMorgan Chase & Co
7.57M2.67%
Canada Pension Plan Investment Board
7.30M2.57%
Capital Research Global Investors
6.00M2.12%
BlackRock Inc
4.53M1.60%
Wellington Management Company LLP
4.43M1.56%
T. Rowe Price Investment Management,Inc.
4.00M1.41%
Liberty Mutual Group Asset Management Inc.
3.88M1.37%
UBS Group AG
3.67M1.29%
Sam Sustainable Asset Management Ltd
3.28M1.16%
NORGES BANK
3.20M1.13%
Victory Capital Management Inc.
3.09M1.09%
Vanguard Capital Management, LLC
3.08M1.09%
Vanguard Portfolio Management, LLC
3.06M1.08%
T. Rowe Price Associates, Inc.
2.66M0.94%

Top Fund Holders

American Funds SMALLCAP World A
6.82M2.40%
Fidelity Contrafund
3.94M1.39%
Victory Pioneer A
3.17M1.12%
Robeco Smart Energy F-EUR Cap
3.07M1.08%