FRVO Fervo Energy Company - Class A common stock
$18.23
Price · Aug 18, 2026
Fundamentals as of Aug 13, 2026
52W Range
$17–$43
5% of range
Analyst Rating
STRONG BUY
18 analysts
Price Target
$43
+135% upside
P/E (TTM)
—
ROE
—
Net Profit Margin
—
FRVO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$18.23
Market Cap
—
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
—
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$17 – $43
FRVO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
—
Free Cash Flow
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Margins
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Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FRVO
Peer Median
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FRVO
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FRVO
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FRVO
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FRVO
Peer Median
FRVO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
18 analysts
- Strong Buy 8 44.4%
- Buy 8 44.4%
- Hold 2 11.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-19
Median
$45.00
Mean
$42.82
← Below all targets
$18.23
Low
$34.00
High
$51.00
Median target
$45.00
+146.8%
Mean target
$42.82
+134.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-2.0%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.38 | $-0.08 | -0.30% |
| March 31, 2026 | $-3.72 | $-0.07 | -3.6% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FRVO | — | — | — | — | — | — |
| ORA | $6.68B | 54.7 | 12.5% | 12.5% | 5.0% | 27.6% |
| BEPC | — | — | — | — | — | — |
| XIFR | — | -9.6 | -3.4% | -2.4% | -0.25% | — |
| MNTK | $239M | 167.0 | 0.37% | 0.99% | 0.68% | — |
| ANNA | — | — | — | — | — | — |
| SPRU | $92M | -3.5 | 36.2% | -23.3% | -19.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Balance Sheet 17
| Metric | Trend | 2025 |
|---|---|---|
| Cash & Equivalents | $462M | |
| Prepaid Expense | $10M | |
| Current Assets | $482M | |
| Other Non-current Assets | $14M | |
| Total Assets | $1.37B | |
| Accrued Liabilities | $17M | |
| Current Liabilities | $152M | |
| Capital Leases | $73M | |
| Other Non-current Liabilities | $11M | |
| Total Liabilities | $409M | |
| Long-term Debt | $173M | |
| Common Stock | $1.0K | |
| Paid-in Capital | $0 | |
| Retained Earnings | $-245M | |
| Treasury Stock | $2M | |
| Stockholders' Equity | $-246M | |
| Liabilities + Equity | $1.37B |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Revenue | $113.0K | $61.0K | $0 | $0 | |
| Cost of Revenue | $306.0K | $482.0K | $158.0K | $252.0K | |
| SG&A Expense | $27M | $17M | $9M | $8M | |
| Operating Income | $-29M | $-20M | $-10M | $-10M | |
| Interest Income | $11M | $3M | $601.0K | $2M | |
| Other Non-op | $-35M | $-12M | $0 | $-16.0K | |
| Pretax Income | $-56M | $-32M | $-11M | $-9M | |
| Income Tax | $1.0K | · | $2.0K | · | |
| Net Income | $-56M | $-32M | $-11M | $-9M | |
| EPS (Basic) | $-0.38 | $-3.72 | $-1.31 | $-1.02 | |
| EPS (Diluted) | $-0.38 | $-3.72 | $-1.31 | $-1.02 | |
| Shares (Basic) | 157,003,000 | 9,467,000 | 8,844,000 | 8,961,000 | |
| Shares (Diluted) | 157,003,000 | 9,467,000 | 8,844,000 | 8,961,000 | |
| EBITDA | $-28M | $-20M | · | · |
Balance Sheet 18
| Metric | Trend | Q2 2026 | Q1 2026 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.11B | $281M | · | · | |
| Prepaid Expense | $31M | $10M | · | · | |
| Current Assets | $2.15B | $308M | · | · | |
| Other Non-current Assets | $33M | $35M | · | · | |
| Total Assets | $3.54B | $1.43B | · | · | |
| Accrued Liabilities | $11M | $21M | · | · | |
| Current Liabilities | $250M | $202M | · | · | |
| Capital Leases | $85M | $86M | · | · | |
| Other Non-current Liabilities | $2M | $25M | · | · | |
| Total Liabilities | $554M | $500M | · | · | |
| Long-term Debt | $228M | $187M | · | · | |
| Total Debt | $228M | $187M | · | · | |
| Common Stock | $0 | $1.0K | · | · | |
| Paid-in Capital | $3.13B | $0 | · | · | |
| Retained Earnings | $-332M | $-276M | · | · | |
| Treasury Stock | $0 | $2M | · | · | |
| Stockholders' Equity | $2.79B | $-278M | · | · | |
| Liabilities + Equity | $3.54B | $1.43B | · | · |
Cash Flow 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| D&A | $344.0K | $93.0K | $56.0K | $47.0K | |
| Stock-based Comp | $8M | $3M | $613.0K | $489.0K | |
| Other Non-cash | · | $20M | · | · | |
| Operating Cash Flow | $-35M | $-9M | $-11M | $17M | |
| CapEx | $226M | $173M | $108M | $105M | |
| Investing Cash Flow | $-226M | $-173M | $-108M | $-105M | |
| Debt Issued | $198M | $14M | $15M | $8M | |
| Net Debt Issued | · | $14M | · | · | |
| Stock Issued | $375.0K | $826.0K | $66.0K | $89.0K | |
| Stock Repurchased | $0 | $0 | $15.0K | $2M | |
| Net Stock Activity | · | $826.0K | · | · | |
| Financing Cash Flow | $2.09B | $770.0K | $96M | $6M | |
| Net Change in Cash | $1.83B | $-181M | $-22M | $-82M | |
| Free Cash Flow | · | $-182M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Operating Margin | -25435.4% | -32872.1% | · | · | |
| Net Margin | -49482.3% | -52180.3% | · | · | |
| Pretax Margin | -49481.4% | -52180.3% | · | · | |
| EBITDA Margin | -25131.0% | -32719.7% | · | · | |
| ROA | -3.2% | -4.5% | · | · | |
| ROE | -4.0% | 22.9% | · | · | |
| ROIC | -0.95% | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Current Ratio | 8.6 | 1.5 | · | · | |
| Quick Ratio | 8.4 | 1.4 | · | · | |
| Debt / Equity | 0.1 | -0.7 | · | · | |
| LT Debt / Equity | 0.1 | -0.7 | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Latest News Recent headlines mentioning this company
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ETF ownership Held by 12 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PBW · Invesco Exchange-Traded Fund Trust | 1.14% | 201,567 SH | Aug. 8, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | 0.12% | 453,118 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.04% | 1,003,748 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 820,121 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.02% | 1,581,251 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 106,298 SH | Aug. 8, 2026 | Daily |
| IYY · iShares Trust | 0.00% | 2,953 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,190,792 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.00% | 16,864 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.00% | 530 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,628 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 319 SH | Aug. 8, 2026 | Daily |