Fervo Q2 FY26 net loss widens to $55.9 million; revenue rises to $113,000 - FRVO News | RalliesFervo Q2 FY26 net loss widens to $55.9 million; revenue rises to $113,000
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FRVO• Q2 FY26 results
- Fervo Energy posted Q2 2026 operating loss of USD 28.7 million, widening from USD 10.3 million a year earlier.
- Net loss widened to USD 55.9 million from USD 11.4 million in Q2 2025, while revenue was USD 113,000 versus no revenue.
- Capital expenditures rose to USD 226.5 million from USD 108 million in Q2 2025; cash and cash equivalents totaled USD 2.11 billion.
Development and project update
- IPO raised about USD 2.2 billion in gross proceeds; long-term development target increased to 1.1 gigawatts by 2030.
- Cape Station Phase I reached mechanical completion on GeoBlocks 1 and 2; GeoBlock 1 first power targeted for Q4 2026.
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