FRMI — Fermi Inc.
—
Nasdaq ·
Real Estate ·
Equity Real Estate Investment Trusts (REITs) ·
CIK 2071778 ·
Last close
$4.26
Market Cap
$2.73B
52W High
$36.99
52W Low
$4.23
ADV30
16,769,054
Next earnings
2026-11-09
Quarterly Fundamentals
Revenues vs Net Income (last 4 Q)
Assets vs Liabilities (last 4 Q)
| Period | Revenues | Gross profit | Op income | Net income | Assets | Cash | Liabilities |
|---|---|---|---|---|---|---|---|
| Jun 2026 | — | — | — | — | — | — | — |
| 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 |
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
2026-08-16
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 end | Revenues | Op income | Net income | Assets | Liabilities | Equity | Op cash flow |
|---|---|---|---|---|---|---|---|
| Dec 2025 | 0 | -177,779,000 | -486,379,000 | 1,413,314,000 | 317,442,000 | 1,095,872,000 | -34,151,000 |
TTM Snapshot
Revenues TTM
$0
NetIncome TTM
$-78,000
OpCashFlow TTM
$0
Assets (Latest)
$1,413,314,000
Forward EPS
$0.12
Max Pain — expiry 2026-12-18 (volume-derived — Yahoo OI feed degraded)
max pain strike: $5.00 · spot: $4.26 · call volume: 1,408 · put volume: 2,213
Expected Move to 2026-12-18:
±$1.60
(37.56%) —
implied range
$2.66 –
$5.86
· ATM straddle on $4.00 strike
Peers — same industry
| Ticker | Name | Market Cap | Last | Daily % |
|---|---|---|---|---|
| IVR-PC | Invesco Mortgage Capital Inc. | $2.68B | $24.02 | — |
| CWK | Cushman & Wakefield Ltd. | $2.78B | $11.86 | — |
| DX | DYNEX CAPITAL INC | $2.81B | $11.33 | — |
| AKR | ACADIA REALTY TRUST | $2.65B | $19.26 | — |
| DRH | DiamondRock Hospitality Co | $2.59B | $12.64 | — |
News headlines (Yahoo Finance, 1h cache)
Fermi and TensorWave Agree to Extend Closing Date to October 31, 2026
2026-09-22 20:01 · Yahoo
Fermi Q2 Earnings Call Highlights
2026-08-13 16:04 · Yahoo
Fermi Selects NAES to Operate and Maintain Its Natural Gas Turbine Fleet
2026-09-28 11:00 · Yahoo
Fermi delivers Siemens turbines with 780 MW combined capacity to Texas AI campus
2026-09-21 14:06 · Yahoo
Fermi Inc. Common Stock Q2 2026 Earnings Call Summary
2026-08-14 12:30 · Yahoo
Fermi (FRMI) Faces A Governance Push, Where Does Fair Value Sit?
2026-09-28 23:13 · Yahoo
Fermi Selects CBRE to Operate and Maintain Its First Data Center
2026-09-24 20:01 · Yahoo
Toby Neugebauer Sues Three Fermi Directors, Alleging a Coordinated Effort to Take Control of Company and Disenfranchise Fermi Shareholders According to the Complaint
2026-09-21 13:03 · Yahoo
Texas Business Court Denies Former CEO's Request for Emergency Relief Against Fermi's Board
2026-09-17 20:05 · Yahoo
Fermi Founder Parties File Formal Proposal for Independent Strategic Review of Extraordinary Transactions, Press Board on Restoring Texas-Style Governance Ahead of October 30 Annual Meeting
2026-09-11 12:56 · Yahoo
Recent Insider Activity
No insider activity indexed for this ticker.