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Fervo Energy Co (FRVO)

Fervo Energy Co (FRVO)

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Balance Sheets Overview

Current Ratio
861.58%
Quick Ratio
861.58%
Cash Ratio
842.45%
Debt to Asset Ratio
15.68%
Unit: Thousand (K) dollars
Assets Breakdown
    • Cash and cash equivalents
    • Construction-in-process
    • Other long-term assets
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Accumulated deficit
    • Total current liabilities
    • Others
Balance Sheets
2026-06-30
2026-03-31
Cash and cash equivalents
2,106,371
280,776
Grant receivables
17,177
16,755
Prepaid expenses and other
30,634
10,338
Total current assets
2,154,182
307,869
Deposits
12,602
15,242
Construction-in-process
1,235,160
972,040
Operating leases right-of-use assets
88,667
91,112
Restricted cash
11,000
6,000
Other long-term assets
33,478
35,244
Total assets
3,535,089
1,427,507
Accounts payable
29,667
8,043
Accrued capital expenditures
173,961
147,610
Current portion of long-term debt
11,042
-
Operating lease liabilities
24,744
25,335
Other current liabilities
10,614
20,932
Total current liabilities
250,028
201,920
Long-term debt, net of issuance costs and current portion
217,376
186,636
Operating lease liabilities
85,123
86,349
Other long-term liabilities
1,749
24,673
Total liabilities
554,276
499,578
Temporary equity, carrying amount, attributable to parent
0
1,022,886
Redeemable noncontrolling interest-CPIHold Co Class AUnits
105,118
103,843
Redeemable noncontrolling interest-CPIIntermediate Class AUnits
81,858
79,521
Common stock-Common Stock
0
-
Common stock-Common Class A
29
-
Common stock, par value 0.0001 per share 358,279 and 358,279 authorized 9,873 and 9,457 issued and outstanding as of march 31, 2026 and december 31, 2025, respectively
-
1
Common stock-Common Class B
1
-
Additional paid-in capital
3,126,084
0
Treasury stock, at cost 0 and 270 shares as of march 31, 2026 and december 31, 2025, respectively
0
1,960
Accumulated deficit
-332,277
-276,362
Total stockholders equity (deficit)
2,793,837
-278,321
Total liabilities, mezzanine equity, and stockholders equity (deficit)
3,535,089
1,427,507
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Cash and cashequivalents$2,106,371K Prepaid expenses andother$30,634K Grant receivables$17,177K Total current assets$2,154,182K Construction-in-process$1,235,160K Operating leasesright-of-use assets$88,667K Other long-termassets$33,478K Deposits$12,602K Restricted cash$11,000K Total assets$3,535,089K Total liabilities,mezzanine equity, and...$3,535,089K Total stockholdersequity (deficit)$2,793,837K Total liabilities$554,276K Redeemable noncontrollinginterest-CPIHold Co Class AUnits$105,118K Redeemable noncontrollinginterest-CPIIntermediate Class AUnits$81,858K Accumulated deficit-$332,277K Additional paid-in capital$3,126,084K Total currentliabilities$250,028K Long-term debt, net ofissuance costs and...$217,376K Operating leaseliabilities$85,123K Other long-termliabilities$1,749K Common stock-CommonClass A$29K Common stock-CommonClass B$1K Accrued capitalexpenditures$173,961K Accounts payable$29,667K Operating leaseliabilities$24,744K Current portion oflong-term debt$11,042K Other currentliabilities$10,614K