FRVO financial statements
The full income statement, balance sheet, and cash-flow statement for Fervo Energy Company (FRVO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
| Line item | Trend | Q2 2026 | Q1 2026 |
|---|---|---|---|
| Income Statement | as ofJun 30 ’26 | as ofMar 31 ’26 | |
| Revenue | 113K | 61.0K | |
| Cost of revenue | 306K | 482K | |
| Selling, general & administrative | 27.4M | 17.0M | |
| General & administrative | 27.4M | 17.0M | |
| Operating income | -28.7M | -20.1M | |
| Interest expense | 2.21M | 2.72M | |
| Interest & investment income | 10.5M | 2.81M | |
| Other non-operating income | -35.5M | -11.9M | |
| Pre-tax income | -55.9M | -31.8M | |
| Income tax | 1.00K | — | |
| -55.9M | -31.8M | ||
| Net income to common | -59.5M | -35.3M | |
| -$0.38 | -$3.72 | ||
| EPS (basic) | -$0.38 | -$3.72 | |
| Weighted-avg shares (basic) | 157M | 9.47M | |
| Weighted-avg shares (diluted) | 157M | 9.47M | |
| Balance Sheet | as ofJun 30 ’26 | as ofMar 31 ’26 | |
| 2.15B | 308M | ||
| Cash & equivalents | 2.11B | 281M | |
| Prepaid expenses | 30.6M | 10.3M | |
| 3.54B | 1.43B | ||
| Operating lease right-of-use | 88.7M | 91.1M | |
| Other non-current assets | 33.5M | 35.2M | |
| 250M | 202M | ||
| Accrued liabilities | 10.6M | 20.9M | |
| Short-term & current debt | 11.0M | — | |
| Current lease liability | 24.7M | 25.3M | |
| Other current liabilities | 10.6M | 20.9M | |
| 554M | 500M | ||
| Long-term debt | 217M | 187M | |
| Non-current lease liability | 85.1M | 86.3M | |
| Operating lease liability (total) | 110M | 112M | |
| Other non-current liabilities | 1.75M | 24.7M | |
| 2.79B | -278M | ||
| Common stock | — | 1.00K | |
| Additional paid-in capital | 3.13B | 0.00 | |
| Retained earnings | -332M | -276M | |
| Treasury stock | 0.00 | 1.96M | |
| Total liabilities & equity | 3.54B | 1.43B | |
| Common shares issued | — | 9.87M | |
| Cash Flow | as ofJun 30 ’26 | as ofMar 31 ’26 | |
| -34.7M | -9.04M | ||
| Depreciation & amortization | 344K | 93.0K | |
| Share-based compensation | 8.23M | 2.62M | |
| Change in payables | 3.91M | 1.23M | |
| -226M | -173M | ||
| Capital expenditure | 226M | 173M | |
| Free cash flow | -261M | -182M | |
| Acquisitions | 0.00 | 0.00 | |
| 2.09B | 770K | ||
| Long-term debt issued | 198M | 14.2M | |
| Long-term debt repaid | 152M | 0.00 | |
| Common stock issued | 375K | 826K | |
| Common stock repurchased | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | |
| Other financing activities | 0.00 | -56.0K | |
| Net change in cash | 1.83B | -181M | |
| Interest paid | 2.24M | 2.95M | |
| Valuation Ratios | as ofJun 30 ’26 | as ofMar 31 ’26 | |
| Market cap | 4.59B | — | |
| P/B | 1.6× | — | |
| Source filing | 10-Q | 10-Q |
About this data
Source: FRVO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FRVO filings on SEC EDGAR → Not investment advice.