FRVOFervo Energy Company

$15.46

Is it safe?

Can FRVO take a bad year?

Fervo Energy Company holds $1.88B more cash than debt, so a bad year is a question about profits, not about lenders.

$1.88B

Net cash

Net debt / EBITDA
net cash

Net debt / EBITDA · no net borrowings to measure against earnings

Debt / equity
0.08×

Debt / equity

Annualised volatility
99%

Annualised volatility · three times the market's own swing

Details
Total debtQ2 2026
$228M
Cash and short-term investments
$2.11B
Net cash
$1.88B
Debt / equity
0.08×
Annualised volatilitytwo years of daily moves
99%
Worst drawdown on file
−64%
Below its 52-week high
−64%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.