Fervo Energy Company (FRVO) Income Statement

Fervo Energy Company reported revenue of $138.00K in fiscal 2025 (fiscal year ended Dec 31, 2025), down 30.7% from $199.00K a year earlier. Fervo Energy Company posted a net loss of $57.79M, compared with a net loss of $41.11M a year earlier. Gross margin was -181.2% and operating margin -35366.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $113.00K.

Fervo Energy Company Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Fervo Energy Company income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024
Period ending	Dec 2025	Dec 2024
Revenue & Gross Profit
Revenue	0.14	0.20
Cost of Revenue	0.39	0.38
Gross Profit	-0.25	-0.18
Operating Expenses
Research & Development	-0.13	-0.10
Selling, General & Administrative	48.40	41.63
Operating Expenses	48.56	41.66
Operating Income	-48.81	-41.84
Other Income/Expense
Interest Income	4.19	1.79
Interest Expense	8.41	0.77
Other Income/Expense	-4.77	0.78
Income
Income Before Tax	-57.79	-41.05
Income Tax Expense	0.00	0.06
Net Income	-57.79	-41.11
Net Income - Continuous Operations	-57.79	-41.11
Net Income - Discontinued Operations	-	-
EBITDA	-49.09	-41.71
EBIT	-49.38	-41.84
Depreciation & Amortization	0.29	0.12
Earnings Per Share
Basic EPS	-	-5.00
Diluted EPS	-	-5.00
Basic Shares Outstanding	283.56	8.95
Diluted Shares Outstanding	283.56	8.95

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Fervo Energy Company Financial Statements

What was Fervo Energy Company's revenue in fiscal 2025?

Fervo Energy Company reported revenue of $138.00K in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 30.7% from $199.00K a year earlier.

Is Fervo Energy Company profitable?

No. Fervo Energy Company reported a net loss of $57.79M in fiscal 2025. In fiscal 2024 it lost $41.11M.

What is Fervo Energy Company's operating margin?

Fervo Energy Company's operating income was −$48.81M on revenue of $138.00K in fiscal 2025, an operating margin of -35366.7%, compared with -21024.1% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition