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Fervo Energy Co (FRVO): material weakness open 212 days
By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.
Fervo Energy Co stated in 2 SEC filings since Jun 23, 2026 that it has one or more material weaknesses in its internal control over financial reporting. The filings gave no conclusion on whether that control is effective. The latest was its 10-Q for the period ended Jun 30, 2026.
Ctrl Worx Watch List™ status
On the ClockStill filing, and no annual report of its own says the weakness is fixed.
Checked against SEC EDGAR: Oct 29, 2026 · Entry #12118
Causes the company named
Segregation of duties · 2Accounting expertise and resources · 2ITGC: user access · 2ITGC: change management · 2
What the latest filing says
ive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of June 30, 2026 due to the material weaknesses in our internal control over financial reporting described below. In connection with the audit of our consolidated financial statements as of and for the year ended December 31, 2025, we identified material weaknesses in our internal control over financial reporting that we are currently working to remediate. These material weaknesses relate to: (a) insufficient segregation of duties in the financial statement reporting and general information technology processes; (b) a lack of sufficient levels of staff with public company and technical accounting experience to maintain proper control activities and perform risk assessment and monitoring activities; and (c) insufficient general information technology controls, including access security and change management controls [...]
From the controls section of the 10-Q filed Aug 13, 2026. Read the full filing on SEC EDGAR.
Company response: Fervo Energy Co can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.
Filings
| Filed | Form | Period | Controls | Causes | Filing |
|---|---|---|---|---|---|
| Aug 13, 2026 | 10-Q | Jun 30, 2026 | Material weakness stated, no ICFR conclusion | Segregation of duties; Accounting expertise and resources; ITGC: user access; ITGC: change management | EDGAR |
| Jun 23, 2026 | 10-Q | Mar 31, 2026 | Material weakness stated, no ICFR conclusion | Segregation of duties; Accounting expertise and resources; ITGC: user access; ITGC: change management | EDGAR |
Others on the Clock in the same industry
By SEC industry code: 4911, Electric Services, then related codes.
- Ocean Power Technologies, Inc. (OPTT) · open since Apr 2026
- Clearway Energy LLC · open since Dec 2025
- Clearway Energy, Inc. (CWEN) · open since Dec 2025
- DEEP FISSION, INC. (FISN) · open since Sep 2025
- Bimergen Energy Corp (BESS) · open since Dec 2024
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Join the MW Pro waitlistLook up any company in Controls Radar™Based on public SEC filings. Causes are grouped into standard categories by Ctrl Worx. The filings are the authority. Ctrl Worx is not affiliated with Fervo Energy Co or the SEC. Not investment advice. Why you can rely on the Watch List.