Fervo EnergyISO/NSO
Fervo Energy equity calculator: value your options at the latest valuation
Calculate the current value of your Fervo Energy equity using secondary market data and four independent valuation methods. Free, no account required.
Fervo Energy — current market snapshot
Last primary round
$1.2B
Series C · 2024-04
Secondary market
—
No recent verified signal
Equity type
ISO/NSO
Strike: $5–$9
Key things to know
- →Fervo Energy is developing next-generation geothermal power projects.
- →High-risk, infrastructure-scale equity — long path to commercialization.
- →Secondary market implied valuation tracks the latest closed round.
- →IPO possible 2027+ as project pipeline builds.
Open the calculator
Enter your actual shares, equity type, and strike price. PrivatePulse uses secondary market data and four independent valuation methods to give you a defensible range.
Calculate my Fervo Energy equity →Free · No account required · Takes 2 minutes
Liquidity outlook for Fervo Energy
Early-stage — IPO 4–6+ years away. High-risk, high-upside equity. Liquidity most likely via acquisition or late-stage tender.
As an option holder, you'll need to exercise your ISO/NSO to own shares. Strike price, exercise cost, and tax treatment (ISO vs NSO) all matter. Model carefully with a CPA.
Frequently asked questions
What is my Fervo Energy equity worth right now?↓
Fervo Energy's Series E (2025) valued the company at $3B. Secondary market data (Hiive, Forge, Caplight) gives a live read on implied valuation — PrivatePulse tracks this and updates every week. Gross value per option = (secondary share price − your strike price). Multiply by your vested count, then subtract taxes. The PrivatePulse calculator handles all of this automatically. Note: Fervo Energy has since exited the private market — refer to the exit terms for current value.
When will Fervo Energy go public or offer liquidity?↓
Fervo Energy completed its IPO on Nasdaq (FRVO) on May 13, 2026 at $27/share, raising $1.89B. Market cap at IPO was appr. Employees with vested equity should refer to the exit terms for current liquidation details.
What is the Fervo Energy strike price for employee options?↓
Strike prices at Fervo Energy vary by grant year and cohort. Recent grants typically carry strikes in the $0–$9 range per share. Your grant agreement shows your exact 409A strike. With Fervo Energy now implying ~$3B, the intrinsic value per option is (current secondary price per share − your strike); enter your numbers in the PrivatePulse calculator to see the full picture including AMT and vesting schedule.
What's the difference between Fervo Energy ISOs and NSOs?↓
Fervo Energy typically grants a mix of Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs). ISOs: exercised spread is not taxed as income — instead it creates an AMT preference item. Long-term capital gains treatment is available if you hold shares 2 years from grant and 1 year from exercise. NSOs: exercised spread is ordinary income immediately — simpler but less tax-efficient. Both types require payment of the strike price to exercise. Use the PrivatePulse calculator to model the after-tax outcome under ISO vs NSO treatment at the current $3B implied valuation.