FRVO · XBRL financial data
Fervo Energy financial statements, every quarter
The same tables from 2 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal quarters
| In millions of dollars | Mar 31, 2026 | †Jun 30, 2026 |
|---|---|---|
| Revenue | 0 | 0 |
| Cost of revenue | 0 | 0 |
| General and administrative | 17 | 27 |
| Operating income (loss) | (20) | (29) |
| Interest income | 3 | 11 |
| Interest expense | 3 | 2 |
| Other income (expense) | (12) | (35) |
| Income tax expense (benefit) | — | 0 |
| Net income (loss) | (32) | (56) |
| Earnings per share, basic‡ USD per share | (5.17) | (0.38) |
| Earnings per share, diluted‡ USD per share | (5.17) | (0.38) |
| Weighted average shares, basic‡ millions of shares | 7 | 157 |
| Weighted average shares, diluted‡ millions of shares | 7 | 157 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-1.3900472616068946 stock split (May 2026); filings made before it reported them unadjusted.
- † Share count changed about 23x in the period ending 2026-06-30, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal quarters
| In millions of dollars | Mar 31, 2026 | †Jun 30, 2026 |
|---|---|---|
| Cash and cash equivalents | 281 | 2,106 |
| Prepaid and other current assets | 10 | 31 |
| Total current assets | 308 | 2,154 |
| Right-of-use asset | 91 | 89 |
| Total assets | 1,428 | 3,535 |
| Accrued liabilities | 21 | 11 |
| Current portion of long-term debt | — | 11 |
| Total current liabilities | 202 | 250 |
| Long-term debt | 187 | 217 |
| Lease liability, non-current | 86 | 85 |
| Total liabilities | 500 | 554 |
| Accumulated deficit | (276) | (332) |
| Total stockholders' equity | (278) | 2,794 |
| Total liabilities and equity | 1,428 | 3,535 |
- † Share count changed about 23x in the period ending 2026-06-30, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal quarters
| In millions of dollars | Mar 31, 2026 | †Jun 30, 2026 |
|---|---|---|
| Net income (loss) | (32) | (56) |
| Stock-based compensation | 3 | 8* |
| Depreciation and amortization | 0 | 0 |
| Net cash from operating activities | (9) | (35)* |
| Net cash from investing activities | (173) | (226)* |
| Proceeds from issuing common stock | 1 | 0* |
| Share repurchases | 0 | 0* |
| Proceeds from long-term debt | 14 | 198* |
| Net cash from financing activities | 1 | 2,092* |
| Net change in cash | (181) | 1,831* |
- † Share count changed about 23x in the period ending 2026-06-30, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 4911 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 4911 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Fervo Energy | 2,106 | 0.1 | (35)* | not reported | 60.6 quarters | 10-QJun 30, 2026 |
| Nano Nuclear Energy | 298 | 0.2 | (9.4)* | 53.7M | 61.6 quarters | 10-QJun 30, 2026 |
| American Fusion | 0.1 | 0.1 | (0.6)* | 1.6B | 0.1 quarters | 10-QJun 30, 2026 |
| Ocean Power Technologies | 7.4 | 0.3 | (10) | 9.0M | 0.7 quarters | 10-QJul 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.