PerpEquities

Equity

Fervo Energy Company (FRVO) perpetual futures

Fervo Energy is a geothermal energy developer that builds, owns and operates geothermal power facilities using horizontal drilling and fiber optic sensing.

-4.0%NASDAQ closed
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Trading data

Perpetual market activity

0/1 live markets
Venues
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24h volume
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Open interest
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Tightest spread
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Highest volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-4.03%
5D+2.46%
1M-39.42%
6M-69.15%
YTD-69.15%
1Y-69.15%

Venue matrix

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Company data

Company fundamentals

Updated 390h ago
Market cap
$3.5B
Updated 390h ago
Revenue
$174K
Trailing 12 months
Revenue growth
+3,753%
Next fiscal year
Profit margin
-54,477.6%
P/E
-37.7
Peer P/E -3.5
Free cash flow
-$443.1M
Trailing 12 months
More metrics
Net income
-$94.8M
Trailing 12 months
P/S
19,915.3
Peer P/E
-3.5
Similar listed perps
Revenue estimate
$5.3M
Next fiscal year
Earnings
2026-08-12
Revenue $113K · Updated 390h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$138K
Net margin-51,097.8%
Free cash flow-$497.4M
Net debt-$211.5M
2025$138K
PeriodRevenueGrowthNet incomeFCF
2025$138K--$70.5M-$497.4M
PeriodGross marginOperating marginNet marginROEROA
2025-391.3%-35,366.7%-51,097.8%+28.6%-5.2%
PeriodCashDebtNet debtCurrent ratio
2025$461.8M$250.3M-$211.5M3.17
PeriodMarket capEnterprise valueP/SP/E
2025$7.7B$7.4B55,479.6-108.0
Q1 2026$61K
Q2 2026$113K
PeriodRevenueGrowthNet incomeFCF
Q1 2026$61K--$35.3M-$181.8M
Q2 2026$113K--$59.5M-$261.2M
PeriodGross marginOperating marginNet marginROEROA
Q1 2026-842.6%-32,872.1%-57,809.8%-4.7%-2.5%
Q2 2026-475.2%-25,435.4%-52,678.8%-2.1%-1.7%
PeriodCashDebtNet debtCurrent ratio
Q1 2026$280.8M$298.3M$17.5M1.52
Q2 2026$2.1B$338.3M-$1.8B8.62
PeriodMarket capEnterprise valueP/SP/E
Q1 2026$7.7B$7.7B125,511.2-56.3
Q2 2026$8.6B$6.8B76,218.9-36.5

Refreshed 390h ago

Charts: revenue, profit, cash flow & valuation
Revenue$113KQ2 2026
$28.3K$56.5K$84.8K$113KQ1 2026: $61KQ2 2026: $113KQ1 2026Q2 2026
Net income-$59.5MQ2 2026
-$44.6M-$29.8M-$14.9MQ1 2026: -$35.3MQ2 2026: -$59.5MQ1 2026Q2 2026
EBITDA-$28.4MQ2 2026
-$21.3M-$14.2M-$7.1MQ1 2026: -$20MQ2 2026: -$28.4MQ1 2026Q2 2026
Free cash flow-$261.2MQ2 2026
-$195.9M-$130.6M-$65.3MQ1 2026: -$181.8MQ2 2026: -$261.2MQ1 2026Q2 2026
EPS-$0.2Q2 2026
-$0.15-$0.1-$0.05Q1 2026: -$0.12Q2 2026: -$0.2Q1 2026Q2 2026
Cash / Debt$2.1BQ2 2026
$526.6M$1.1B$1.6B$2.1BQ1 2026 · Cash: $280.8MQ1 2026 · Debt: $298.3MQ2 2026 · Cash: $2.1BQ2 2026 · Debt: $338.3MQ1 2026Q2 2026
CashDebt
Profitability-475.2%Q2 2026
-43,357.4%-28,904.9%-14,452.5%Q1 2026 · Gross margin: -842.6%Q2 2026 · Gross margin: -475.2%Q1 2026 · Operating margin: -32,872.1%Q2 2026 · Operating margin: -25,435.4%Q1 2026 · Net margin: -57,809.8%Q2 2026 · Net margin: -52,678.8%Q1 2026Q2 2026
Gross marginOperating marginNet margin
Shares outstanding294.7MQ2 2026
73.7M147.3M221M294.7MQ1 2026: 283.6MQ2 2026: 294.7MQ1 2026Q2 2026
Valuation-36.5Q2 2026
31,335.662,727.594,119.3125,511.2Q1 2026 · P/E: -56.3Q2 2026 · P/E: -36.5Q1 2026 · P/S: 125,511.2Q2 2026 · P/S: 76,218.9Q1 2026Q2 2026
P/EP/S
Revenue$138K2025
$34.5K$69K$103.5K$138K2025: $138K2025
Net income-$70.5M2025
-$52.9M-$35.3M-$17.6M2025: -$70.5M2025
EBITDA-$48.5M2025
-$36.4M-$24.3M-$12.1M2025: -$48.5M2025
Free cash flow-$497.4M2025
-$373.1M-$248.7M-$124.4M2025: -$497.4M2025
EPS-$0.252025
-$0.19-$0.13-$0.062025: -$0.252025
Cash / Debt$461.8M2025
$115.5M$230.9M$346.4M$461.8M2025 · Cash: $461.8M2025 · Debt: $250.3M2025
CashDebt
Profitability-391.3%2025
-38,323.4%-25,548.9%-12,774.5%2025 · Gross margin: -391.3%2025 · Operating margin: -35,366.7%2025 · Net margin: -51,097.8%2025
Gross marginOperating marginNet margin
Shares outstanding283.6M2025
70.9M141.8M212.7M283.6M2025: 283.6M2025
Valuation-108.02025
13,788.927,685.841,582.755,479.62025 · P/E: -108.02025 · P/S: 55,479.62025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-08-12
Revenue $113K · Updated 390h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.50$5.3M+3,753%6
FY 2027-0.37$70.9M+51,276%6
FY 2028-0.31$197M+142,684%3
FY 20290.17$459.9M+333,156%1
FY 20300.82$753.8M+546,166%1
Q1 20290.00$57.1M+93,576%3

Company events

2
2026-08-12EarningsActual -0.38 / Estimate -0.07Miss
2026-06-22EarningsActual -3.72 / Estimate -0.05Miss

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering FRVO have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings4040
Analysts1414
Buy / hold / sell38 / 2 / 038 / 2 / 0
Upgrades / downgrades / initiations3 / 0 / 63 / 0 / 6
Price targets hit / missed0 / 37 (0%)0 / 37 (0%)
Avg. return after a rating (TipRanks)-79.5%-79.5%
Best / worst call-68.1% / -84.4%-68.1% / -84.4%

After buy calls on this stock: median 21-day move -22.7% vs S&P 500 -21.9% (n = 35)

Latest ratings

DateAnalystCallTarget
Oct 19, 2026Mark StrouseJ.P. MorganBuyReiterated$27.00
Oct 19, 2026Bob BrackettBernsteinBuyMaintained$47.00
Oct 9, 2026Chris DendrinosRBC CapitalBuyMaintained$36.00
Oct 9, 2026Chris DendrinosRBC CapitalBuyMaintained$36.00
Oct 5, 2026David AndersonBarclaysBuyMaintained$48.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$10.00$20.00$30.00$40.00Nov 25 · Buy 0 · Hold 0 · Sell 0Nov 25Dec 25 · Buy 0 · Hold 0 · Sell 0Jan 26 · Buy 0 · Hold 0 · Sell 0Jan 26Feb 26 · Buy 0 · Hold 0 · Sell 0Mar 26 · Buy 0 · Hold 0 · Sell 0Mar 26Apr 26 · Buy 0 · Hold 0 · Sell 0May 26 · Buy 0 · Hold 1 · Sell 0May 26Jun 26 · Buy 8 · Hold 2 · Sell 0Jul 26 · Buy 11 · Hold 0 · Sell 0Jul 26Aug 26 · Buy 11 · Hold 0 · Sell 0Sep 26 · Buy 14 · Hold 0 · Sell 0Sep 26Oct 26 · Buy 14 · Hold 0 · Sell 0May 26 · avg. target $42.00Jun 26 · avg. target $46.44Jul 26 · avg. target $45.20Aug 26 · avg. target $44.30Sep 26 · avg. target $39.92Oct 26 · avg. target $38.31May 26 · month-end close $36.66Jun 26 · month-end close $29.23Jul 26 · month-end close $22.54Aug 26 · month-end close $15.38Sep 26 · month-end close $13.59Oct 26 · month-end close $8.04

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 27, 2026 · 40 ratings

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