Fervo Energy (FRVO) FY2024 results: revenue $199,000
Fervo Energy Co. (FRVO) reported revenue of $199,000 for fiscal 2024, the year ended 31 December 2024. Net income was -$41 million. The figures are the company's own, from the 424B4 it filed with the SEC on 14 May 2026.
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
| $ million | FY2024 | Last 8 years |
|---|---|---|
| Revenue | 0.2 | |
| Operating income | -41.8 | |
| Operating margin | -21024.1% | |
| Pre-tax income | -41.1 | |
| Net income | -41.1 | |
| Net margin | -20658.3% |
$ million except per share.
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Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow
| $ million | FY2024 | Last 8 years |
|---|---|---|
| Operating cash flow | -54.7 | |
| Capital expenditure | 179 | |
| Free cash flow | -233 | |
| Free cash flow margin | -117307.0% | |
| Depreciation and amortisation | 0.1 | |
| Share-based compensation | 1.4 | |
| Diluted shares, weighted | 12m |
Balance sheet
| $ million | FY2024 | Last 8 years |
|---|---|---|
| Shareholders' equity | -177 | |
| Redeemable equity | 562 | |
| Other liabilities | 147 | |
| Cash and equivalents | 199 | |
| Total assets | 531 |
424B4 for the year ended 31 December 2024, filed 14 May 2026: the filing.