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Red Flags Detected

  • Material Weakness (new) — Three material weaknesses identified in internal controls: segregation of duties, staffing expertise, and IT controls; disclosure controls ineffective as of June 30, 2026.
NASDAQ: FRVO Fervo Energy Co 10-Q

Fervo 500 MW Cape Station under construction; -$87.7M H1 net loss

Filed August 13, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

  • high

    Subsequent event: Management has evaluated subsequent events that occurred after the date of the Condensed Consolidated Balance Sheets through the date the financial statements were issued.

    Notes: Subsequent Events verify on EDGAR →
  • high

    Cash and equivalents rose to (Jun 2026), funding Cape Station construction and development pipeline.

    MD&A: IPO and Liquidity verify on EDGAR →
  • high

    Cape Station (500 MW under construction) targets first power Q4 2026 and ~100 MW operational Q1 2027. Phase I permitting nearly complete (79/80); Phase II in progress (82/179). Missing commercial operation dates triggers liquidated damages; six-month delay allows PPA termination.

    MD&A: Cape Station Progress; Risk Factors verify on EDGAR →

3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify