Fervo Energy Company Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	-57.79	-41.11
Depreciation & Amortization	0.29	0.12
Stock-Based Compensation	2.67	1.37
Other Adjustments	10.99	4.78
Change in Receivables	-	-1.76
Changes in Accounts Payable	-2.86	3.5
Changes in Other Operating Activities	14.94	-21.65
Operating Cash Flow	-31.76	-54.75
Capital Expenditures	-465.66	-178.69
Investing Cash Flow	-465.66	-178.69
Long-Term Debt Issued	134.96	40.68
Net Long-Term Debt Issued (Repaid)	134.96	40.68
Issuance of Common Stock	0.49	0.07
Repurchase of Common Stock	-1.94	-
Net Common Stock Issued (Repurchased)	-1.45	0.07
Issuance of Preferred Stock	461.44	366.63
Net Preferred Stock Issued (Repurchased)	461.44	366.63
Other Financing Activities	170.87	-3.63
Financing Cash Flow	765.82	403.75
Net Cash Flow	268.41	170.31
Free Cash Flow	-497.42	-233.44
FCF Margin	-360446.00%	-117307.00%
Free Cash Flow Per Share	-55.48	-26.09
Levered Free Cash Flow	-388.84	-197.14
Unlevered Free Cash Flow	-502.09	-238.61

SEC Filings: 10-K · 10-Q