FRVO (Fervo Energy Co) Retained Earnings: $-244.54 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRVO Fervo Energy Co FRVO
8 GF Score
Price $16.92
! 1 Warning Sign
View Full Analysis

What is Fervo Energy Co Retained Earnings?

Fervo Energy Co FRVO -0.41% 8 Retained Earnings is $-244.54 Mil as of Dec. 2025. GuruFocus rates FRVO with a GF Score™ of 8/100. The stock has 1 warning sign investors should review.

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fervo Energy Co's retained earnings for the quarter that ended in Dec. 2025 was $-244.54 Mil.

Fervo Energy Co's quarterly retained earnings increased from . 20 ($0.00 Mil) to Dec. 2024 ($-179.78 Mil) but then declined from Dec. 2024 ($-179.78 Mil) to Dec. 2025 ($-244.54 Mil).

Fervo Energy Co's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2024 ($-179.78 Mil) but then declined from Dec. 2024 ($-179.78 Mil) to Dec. 2025 ($-244.54 Mil).

Fervo Energy Co  (NAS:FRVO) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Fervo Energy Co Retained Earnings Historical Data

* Premium members only.

The historical data trend for Fervo Energy Co's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fervo Energy Co Retained Earnings Chart

Fervo Energy Co Annual Data
Trend Dec24 Dec25
Retained Earnings
-179.78 -244.54

Fervo Energy Co Semi-Annual Data
Dec24 Dec25
Retained Earnings -179.78 -244.54
FRVO
8GF Score
Fervo Energy Co FRVO
Retained Earnings is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fervo Energy Co Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Frequently Asked Questions Learn more about Retained Earnings →
What does a Retained Earnings of $-244.54 Mil mean?
Fervo Energy Co (FRVO) has a Retained Earnings of $-244.54 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Fervo Energy Co and its competitors.
Is Fervo Energy Co's Retained Earnings too high?
Fervo Energy Co's current Retained Earnings is $-244.54 Mil. Overall, Fervo Energy Co has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Fervo Energy Co's Retained Earnings compare to ORA and MWH?
Fervo Energy Co's Retained Earnings of $-244.54 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Utilities - Independent Power Producers company?
A good Retained Earnings depends on the Utilities - Independent Power Producers industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Fervo Energy Co and its competitors. Fervo Energy Co's current Retained Earnings is $-244.54 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fervo Energy Co stock overvalued right now?
Fervo Energy Co (FRVO) has a current Retained Earnings of $-244.54 Mil. The current Retained Earnings is $-244.54 Mil. Fervo Energy Co's overall GF Score™ is 8/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Fervo Energy Co (FRVO), the current Retained Earnings is $-244.54 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fervo Energy Co Business Description

Fervo Energy Co operates as a geothermal energy developer that builds, owns, and operates geothermal power facilities. Its innovations include technologies such as computational models, horizontal drilling, and distributed fiber optic sensing. The company's revenue is derived mainly from the sale of electricity from geothermal resources, facilitated through long-term PPAs with utilities and other entities.
8GF Score

Get the complete analysis for FRVO

Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.92
Price