Fervo Energy Company

NasdaqGS:FRVO Stock Report

Market Cap: US$9.0b

Fervo Energy Past Earnings Performance

Past criteria checks 0/6

Fervo Energy's earnings have been declining at an average annual rate of -71.5%, while the Renewable Energy industry saw earnings growing at 17.5% annually. Revenues have been declining at an average rate of 30.7% per year.

Key information

-71.53%

Earnings growth rate

-71.20%

EPS growth rate

Renewable Energy Industry Growth-5.84%
Revenue growth rate-30.65%
Return on equity-6.04%
Net Margin-51,097.83%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

New Narrative Jun 26

Long-Term Geothermal PPAs And Policy Tailwinds Will Support Future Clean Power Demand

Catalysts About Fervo Energy Fervo Energy develops, owns, and operates enhanced geothermal power plants that supply always on carbon free electricity. What are the underlying business or industry changes driving this perspective?
Seeking Alpha Jun 23

Fervo Energy: Nvidia Can't Fix What's Missing Here

Summary Fervo Energy Company pioneers enhanced geothermal systems, leveraging oil and gas technologies to unlock scalable, carbon-free baseload power. FRVO’s approach is well-timed as AI-driven data centers increasingly demand reliable, clean electricity available 24/7. Recent partnerships with Nvidia and Pacific Northwest National Laboratory to develop EGS-Twin signal strong innovation and industry validation. I lean neutral on FRVO after reviewing its latest strategic collaborations and first-quarter 2026 results. Read the full article on Seeking Alpha
Analysis Article Jun 18

Fervo Energy (FRVO) Stock Looks Stretched After COO Promotion and 42x P B Valuation

Fervo Energy (FRVO) is drawing fresh attention after promoting Sarah Jewett to Chief Operating Officer, putting her in charge of core corporate operations as the geothermal developer targets large opportunities in clean, firm power. See our latest analysis for Fervo Energy. The executive change comes as Fervo Energy’s 1 day share price return of 7.61% and 7 day share price return of 10.34% sit against a 30 day share price return that declined 5.47% and a broadly flat year to date share price...

Revenue & Expenses Breakdown

How Fervo Energy makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:FRVO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 250-71480
31 Dec 240-41420

Quality Earnings: FRVO is currently unprofitable.

Growing Profit Margin: FRVO is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if FRVO's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare FRVO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FRVO is unprofitable, making it difficult to compare its past year earnings growth to the Renewable Energy industry (-8.3%).


Return on Equity

High ROE: FRVO has a negative Return on Equity (-6.04%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/30 01:41
End of Day Share Price 2026/06/29 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fervo Energy Company is covered by 13 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin KalloBaird
J. David AndersonBarclays
Sunaina OcalanBernstein