FRMI — Fermi Inc.

Nasdaq · Real Estate · Equity Real Estate Investment Trusts (REITs) · CIK 2071778 ·
Last close
$5.62
Market Cap
$3.58B
52W High
$8.79
52W Low
$4.47
ADV30
14,808,874
Next earnings
2026-08-11
Fermi Inc. engages in the development of private power campus for AI-centric customers in the United States. The company also develops, owns, and leases grid-independent energy generation and high-performance computing campuses; develops and operates integrated power generation and computing infrastructure. It also engages in acquisition of land, permitting, construction, and long-term leases. The company was founded and incorporated on January 10th, 2025 is headquartered in Amarillo, Texas, USA.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 0 -166,244,000 -188,693,000 1,777,493,000 207,501,000 705,216,000
Dec 2025 0 -134,316,000 -133,199,000 1,413,314,000 408,529,000 317,442,000
Sep 2025 0 -37,776,000 -346,812,000 502,766,000 83,693,000 200,293,000
Jun 2025 0 -5,609,499 -6,289,772 89,169,860 40,332,403 90,944,565

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-41,450,000
Investing CF
$-1,011,416,000
Financing CF
$1,295,940,000
CapEx
$-1,010,460,000
Dividends Paid
Buybacks
EPS Diluted TTM
$-0.89
As of
2026-06-07

Balance + Analyst (yfinance extras)

Retained Earnings
$-321,892,000
Inventory
Receivables
ST Investments
EBIT TTM
$-343,945,330
Pretax Income TTM
$-674,993,603
Interest Exp TTM
Analysts
8

Annual Trend (SEC EDGAR, last 1y)

Revenues vs Net Income (last 1y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 0 -177,779,000 -486,379,000 1,413,314,000 317,442,000 -34,151,000

TTM Snapshot

Revenues TTM
NetIncome TTM
OpCashFlow TTM
Assets (Latest)
Forward EPS
$0.36

Max Pain — expiry 2026-07-17 (volume-derived — Yahoo OI feed degraded)

max pain strike: $4.00 · spot: $5.62 · call volume: 9,966 · put volume: 344
Expected Move to 2026-07-17: ±$1.92 (34.16%) — implied range $3.70$7.54 · ATM straddle on $6.00 strike

Peers — same industry

TickerNameMarket CapLastDaily %
SLG SL GREEN REALTY CORP $3.67B $51.53
NSA National Storage Affiliates Trust $3.49B $45.19
NHI NATIONAL HEALTH INVESTORS INC $3.46B $71.44
APLE Apple Hospitality REIT, Inc. $3.76B $15.92
JOE ST JOE Co $3.76B $65.48

News headlines (Yahoo Finance, 1h cache)

Fermi 2.0 Targets AI Power Growth As Project Matador Advances
2026-06-03 10:08 · Yahoo
Fermi (FRMI) Unveils Fermi 2.0 Strategic Shift for AI Infrastructure
2026-06-01 11:36 · Yahoo
Fermi Co-Founder Seeks Board Shake-Up, Strategic Review for Project Matador
2026-05-24 01:02 · Yahoo
Fermi Files Preliminary Consent Revocation Statement
2026-05-18 12:30 · Yahoo
Cisco upgraded, Doximity downgraded: Wall Street's top analyst calls
2026-05-15 13:45 · Yahoo
Fermi (FRMI) Is Up 43.9% After Governance Fight And AI Power Push - Has The Bull Case Changed?
2026-05-15 11:12 · Yahoo
Fermi (FRMI) Jumps 22% as Firm to Ink New Lease Deal
2026-05-15 03:31 · Yahoo
Fermi Flags AI Power Push as Q1 Loss Widens on Expansion Costs
2026-05-15 02:21 · Yahoo
Fermi Inc (FRMI) Q1 2026 Earnings Call Highlights: Strategic Moves Amid Financial Challenges
2026-05-14 23:06 · Yahoo
Fermi Inc. Common Stock Q1 2026 Earnings Call Summary
2026-05-14 21:13 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.