What is Fervo Energy worth?
$20.2Bimplied by the PA Mark · Sep 2026
Fervo Energy last raised an undisclosed amount in its IPO (Jan 2026).
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- ·Post-money valuations for all 11 rounds
- ·The complete investor list — 51 names
- ·Watchlist + deal alerts for Fervo Energy
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Valuation timeline
4 marks · Aug 2022 – Sep 2026▮▮
Later Stage VC (Series C)2 roundsPA Mark
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Funding history
11 rounds| Date | Round | Raised | Post-money | $/share |
|---|---|---|---|---|
| Jan 2026 | IPO | — | ▮ | ▮ |
| Dec 2025 | Later Stage VC (Series E) | $462.0M | ▮ | ▮ |
| Jun 2025 | Project Financing | $205.6M | ▮ | ▮ |
| Dec 2024 | Later Stage VC (Series D) | $499.0M | ▮ | ▮ |
| Sep 2024 | Project Financing | $100.0M | ▮ | ▮ |
| Feb 2024 | Later Stage VC | $244.0M | ▮ | ▮ |
| + 5 earlier rounds · a free account shows the full history | ||||
How Fervo Energy's valuation is determined
Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.
For Fervo Energy, we compose those signals into the PA Mark — a weighted composite of 4 recent pricing inputs, decayed by age and reset on new rounds. The implied valuation multiplies the mark by shares outstanding. Full methodology →
Frequently asked
- What is Fervo Energy worth?
- Fervo Energy's implied valuation is $20.2B, based on the PA Mark composite price of about $37 per share as of Sep 2026.
- How much has Fervo Energy raised?
- Fervo Energy has raised $2.0B in total funding across 11 recorded rounds.
- When did Fervo Energy last raise?
- Fervo Energy last raised in Jan 2026 (IPO).