FRMI

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Fermi Inc.

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Key Metrics

Previous Close: $5.76
52-Week Range: $4.47 – $36.99
Market Cap: $3.82B
P/E (TTM): —
EPS (TTM): -1.46
Dividend Yield: —

Advanced Metrics

Price/Book: 3.69
PEG Ratio: —
Return on Equity: —
Return on Assets: —
Gross Margin: 0.00%
Operating Margin: 0.00%
Profit Margin: 0.00%
Current Ratio: 1.10
Debt/Equity: 0.56
Total Debt: $576.39M
Free Cash Flow: —
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $4.20B

FRMI Income statement, annual periods, in USD
USD	FY2025
Revenue	$0.00
Selling, General & Admin	$177.78M
Operating Expenses	$177.78M
Operating Income	-$177.78M
EBITDA	-$177.78M
Pretax Income	-$486.38M
Net Income	-$486.38M
Diluted EPS	-1.13
Diluted Shares	467.96M

FRMI Balance Sheet statement, annual periods, in USD
USD	FY2025
Cash & Equivalents	$408.53M
Current Assets	$408.53M
Total Assets	$1.41B
Current Liabilities	$176.57M
Long-Term Debt	$109.80M
Total Debt	$131.12M
Total Liabilities	$317.44M
Retained Earnings	-$133.20M
Shareholders' Equity	$1.10B
Working Capital	$231.96M

FRMI Cash Flow statement, annual periods, in USD
USD	FY2025
Operating Cash Flow	-$34.15M
Capital Expenditure	-$569.30M
Free Cash Flow	-$603.46M
Stock-Based Compensation	$306.53M
Investing Cash Flow	-$570.26M
Financing Cash Flow	$1.01B
Net Change in Cash	$408.53M

FRMI Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	—	—	$0.00	$0.00	$0.00
Selling, General & Admin	$78.00K	$5.61M	$37.78M	$134.32M	$166.24M
Operating Expenses	$78.00K	$5.61M	$37.78M	$134.32M	$166.24M
Operating Income	-$78.00K	-$5.61M	-$37.78M	-$134.32M	-$166.24M
EBITDA	-$78.00K	-$5.61M	-$37.78M	-$134.32M	-$166.24M
Pretax Income	-$78.00K	-$6.29M	-$346.81M	-$133.20M	-$188.69M
Net Income	-$78.00K	-$6.29M	-$346.81M	-$133.20M	-$188.69M
Diluted EPS	-0.00	—	-0.59	—	-0.30
Diluted Shares	592.80M	—	592.80M	—	629.84M

FRMI Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$46.00K	-$2.57M	-$5.67M	-$25.86M	-$7.34M
Capital Expenditure	-$32.00K	-$42.84M	-$53.45M	-$472.98M	-$441.19M
Free Cash Flow	-$78.00K	-$45.41M	-$59.12M	-$498.84M	-$448.53M
Stock-Based Compensation	$0.00	$3.62M	$198.60M	$104.31M	$133.98M
Investing Cash Flow	-$32.00K	-$42.84M	-$53.45M	-$473.94M	-$441.19M
Financing Cash Flow	$297.00K	$85.53M	$201.78M	$725.34M	$283.30M
Net Change in Cash	$219.00K	$40.11M	$142.66M	$225.54M	-$165.24M

Market Snapshot

About

Fermi Inc. is a technology company focused on developing artificial intelligence and machine learning solutions for business applications. The company's platform aims to help enterprises automate processes, analyze data, and improve decision-making through AI-powered tools. Fermi's technology targets various industry verticals including finance, healthcare, and manufacturing. As an emerging AI company, Fermi competes in the rapidly evolving enterprise software and machine learning markets.