8-K Announcements
6Material company update
May 14, 2026·SEC
Material company update
May 14, 2026·SEC
Material company update
May 6, 2026·SEC
Fermi Inc. Common Stock(FRMI)Earnings, Financials & Key Ratios
FRMI•NASDAQ•Utilities
Price updated Jun 19, 2026
- Revenue$0
- EBITDA-$178M
- Net Income-$486M
- Free Cash Flow-$603M
- ROE-44.38%
- Debt/Equity0.12
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FRMI Price & Volume
Fermi Inc. Common Stock (FRMI) stock price & volume — 10-year historical chart
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FRMI Growth Metrics
Fermi Inc. Common Stock (FRMI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-14.37%
5 Years-14.37%
3 Years-14.37%
Last Year-14.37%
FRMI Recent Earnings
Fermi Inc. Common Stock (FRMI) EPS & revenue vs analyst estimates — last 3 quarters
●Beat EPS 0/3 qtrs (0%)●Beat Revenue 0/3 qtrs (0%)
Q2 2026Latest
May 14, 2026Metric
Actual
Est
EPS
$0.30-784.2%
$0.03
Rev
—
$2M
Q2 2026
Mar 30, 2026Metric
Actual
Est
EPS
$0.26-2526.8%
$0.01
Rev
—
$6M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.84-3569.7%
$0.02
Rev
$6M-50.5%
$12M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 14, 2026 | $0.30vs $0.03-784.2% | —vs $2M |
| Q2 2026 | Mar 30, 2026 | $0.26vs $0.01-2526.8% | —vs $6M |
| Q4 2025 | Nov 10, 2025 | $0.84vs $0.02-3569.7% | $6Mvs $12M-50.5% |
Based on last 3 quarters of dataView full earnings history →
FRMI Peer Comparison
Fermi Inc. Common Stock (FRMI) competitors in industry — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 IONQ | 20.73B | 56.55 | -31.07 | 201.85% | 148.08% | 9.03% | 0.01 | |
 RGTI | 7.1B | 21.36 | -30.51 | -34.31% | -22.54% | -43.94% | 0.01 | |
 QUBT | 1.47B | 10.76 | -97.82 | 82.84% | -9.16% | -3.55% | 0.00 | |
 QBTS | 9.07B | 24.69 | -22.24 | 178.54% | -29.57% | -44.05% | 0.05 | |
 ARQQ | 381.59M | 24.38 | -9.52 | 80.89% | -52.72% | -360.48% | 0.03 | |
 IBM | 233.66B | 249.10 | 22.30 | 7.62% | 15.61% | 35.44% | 2.05 | |
 GOOGL | 4.45T | 368.03 | 34.05 | 15.13% | 37.91% | 38.98% | 0.14 | |
 MSFT | 2.82T | 379.40 | 27.82 | 14.93% | 39.34% | 33.13% | 0.33 |
Compare FRMI vs Peers
Fermi Inc. Common Stock (FRMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FRMI Income Statement
Fermi Inc. Common Stock (FRMI) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'25 | TTM |
|---|---|---|
Revenue | 0 | 0 |
Revenue Growth % | - | - |
Cost of Revenue | 0 | 0 |
Gross Profit | 0▲ 0% | 0▲ 0% |
Gross Margin % | - | - |
Gross Profit Growth % | - | - |
Operating Expenses | 177.78M | 343.95M |
Other Operating Expenses | - | - |
EBITDA | -177.78M | -675.42M |
EBITDA Margin % | - | - |
EBITDA Growth % | - | - |
Depreciation & Amortization | 0 | 0 |
D&A / Revenue % | - | - |
Operating Income (EBIT) | -177.78M▲ 0% | -343.95M▲ 0% |
Operating Margin % | - | - |
Operating Income Growth % | - | - |
Interest Expense | 0 | 12K |
Interest Coverage | - | - |
Interest / Revenue % | - | - |
Non-Operating Income | -1000K | -1.68M |
Pretax Income | -486.38M▲ 0% | -674.99M▲ 0% |
Pretax Margin % | - | - |
Income Tax | 0 | 0 |
Effective Tax Rate % | 0% | 0% |
Net Income | -486.38M▲ 0% | -674.99M▲ 0% |
Net Margin % | - | - |
Net Income Growth % | - | - |
EPS (Diluted) | -1.13▲ 0% | -1.07▲ 0% |
EPS Growth % | - | - |
EPS (Basic) | -1.13 | - |
Diluted Shares Outstanding | 467.96M | 629.84M |
FRMI Balance Sheet
Fermi Inc. Common Stock (FRMI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'25 | TTM |
|---|---|---|
Total Assets | 1.41B | 1.78B |
Asset Growth % | - | 303663.43% |
PP&E (Net) | 21.74M | 1.47B |
PP&E / Total Assets % | 1.54% | 82.73% |
Total Current Assets | 408.53M | 207.5M |
Cash & Equivalents | 408.53M | 207.5M |
Receivables | 0 | 0 |
Inventory | 0 | 0 |
Other Current Assets | 0 | 0 |
Long-Term Investments | 0 | 0 |
Goodwill | 0 | 0 |
Intangible Assets | 0 | 0 |
Other Assets | 983.05M | 0 |
Total Liabilities | 317.44M | 705.22M |
Total Debt | 131.12M | 0 |
Net Debt | -277.41M | -207.5M |
Long-Term Debt | 109.8M | 0 |
Short-Term Borrowings | 0 | 0 |
Capital Lease Obligations | 21.32M | 43.93M |
Total Current Liabilities | 176.57M | 0 |
Accounts Payable | 176.57M | 0 |
Accrued Expenses | 0 | 0 |
Deferred Revenue | 0 | 0 |
Other Current Liabilities | 0 | 0 |
Deferred Taxes | 0 | 0 |
Other Liabilities | 9.75M | 705.22M |
Total Equity | 1.1B▲ 0% | 1.07B▲ 0% |
Equity Growth % | - | 254905.33% |
Shareholders Equity | 1.1B | 1.07B |
Minority Interest | 0 | 0 |
Common Stock | 628K | 628K |
Additional Paid-in Capital | 1.23B | 1.39B |
Retained Earnings | -133.2M | -321.89M |
Accumulated OCI | 0 | 0 |
Return on Assets (ROA) | -34.41% | -71.38% |
Return on Equity (ROE) | -44.38% | -109.36% |
Debt / Equity | 0.12x | 0.00x |
Debt / Assets | 9.28% | 0% |
Net Debt / EBITDA | - | 0.31x |
Book Value per Share | 2.34 | 1.7 |
FRMI Cash Flow Statement
Fermi Inc. Common Stock (FRMI) cash flow — operating, investing & free cash flow history
| Metric | Dec'25 | TTM |
|---|---|---|
Cash from Operations | -34.15M | -35.78M |
Operating CF Growth % | - | -15761.53% |
Operating CF / Revenue % | - | - |
Net Income | 0 | -674.99M |
Depreciation & Amortization | 0 | 0 |
Deferred Taxes | 0 | 0 |
Other Non-Cash Items | -40.66M | 379.4M |
Working Capital Changes | 6.51M | 21.53M |
Capital Expenditures | -569.3M | -957.01M |
CapEx / Revenue % | - | - |
CapEx / D&A | - | - |
CapEx Coverage (OCF/CapEx) | -0.06x | -0.04x |
Cash from Investing | -570.26M | -957.97M |
Acquisitions | 0 | 0 |
Purchase of Investments | 0 | 0 |
Sale of Investments | 0 | 0 |
Other Investing | -956K | 6.33M |
Cash from Financing | 1.01B | 1.09B |
Dividends Paid | 0 | 0 |
Dividend Payout Ratio % | - | - |
Debt Issuance (Net) | 1000K | 0 |
Stock Issued | 745.63M | 745.33M |
Share Repurchases | 0 | 0 |
Other Financing | -21.87M | 70.53M |
Net Change in Cash | 408.53M▲ 0% | 283.19M▲ 0% |
Exchange Rate Effect | 0 | 182.77M |
Cash at Beginning | 0 | 408.53M |
Cash at End | 408.53M | 243.29M |
Free Cash Flow | -603.46M▲ 0% | -992.79M▲ 0% |
FCF Growth % | - | - |
FCF Margin % | - | - |
FCF / Net Income % | 124.07% | 147.08% |
FRMI Key Ratios
Fermi Inc. Common Stock (FRMI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | TTM |
|---|---|
Return on Equity (ROE) | -109.36% |
Net Debt / EBITDA | 0.31x |
Dividend Payout Ratio | 0% |
Debt / Equity | 0.00x |
Related:FRMI Dividend History·FRMI Revenue History·FRMI Price History·FRMI P/E History·FRMI Financial Ratios·FRMI Institutional Holders
FRMI SEC Filings & Documents
Fermi Inc. Common Stock (FRMI) SEC filings — annual & quarterly reports (10-K, 10-Q)
FRMI Frequently Asked Questions
Fermi Inc. Common Stock (FRMI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Fermi Inc. Common Stock (FRMI) grew revenue by 0.0% over the past year. Growth has been modest.
Fermi Inc. Common Stock (FRMI) reported a net loss of $675.0M for fiscal year 2025.
Dividend & Returns
Fermi Inc. Common Stock (FRMI) has a return on equity (ROE) of -44.4%. Negative ROE indicates the company is unprofitable.
Fermi Inc. Common Stock (FRMI) had negative free cash flow of $992.8M in fiscal year 2025, likely due to heavy capital investments.
Industry Metrics
Fermi Inc. Common Stock (FRMI) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.