FRMI · Fermi Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Price · FRMI
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q1 '25 |
|---|---|---|---|---|
| Revenue | - | - | - | - |
| Cost of Revenue | - | - | - | - |
| Gross Profit | - | - | - | - |
| R&D | - | - | - | - |
| SG&A | $166.24M | - | $37.78M | - |
| Total Operating Expenses | $166.24M | - | $37.78M | - |
| D&A | - | - | - | - |
| Operating Income | ($166.24M) | - | ($37.78M) | - |
| Interest Expense | ($2.35M) | - | ($12.0K) | - |
| Income Tax | - | - | - | - |
| Net Income | ($188.69M) | - | ($346.81M) | - |
| EPS - Basic | ($0.30) | - | ($0.84) | - |
| EPS - Diluted | ($0.30) | - | ($0.84) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q1 '25 |
|---|---|---|---|---|
| Cash & Equivalents | $207.50M | $408.53M | $83.69M | $0 |
| Accounts Receivable | - | - | - | - |
| Inventory | - | - | - | - |
| Accounts Payable | - | - | - | - |
| Current Assets | - | - | - | - |
| Total Assets | $1.78B | $1.41B | $502.77M | - |
| Current Liabilities | - | - | - | - |
| Long-term Debt | $421.30M | $148.99M | $153.99M | - |
| Total Liabilities | $705.22M | $317.44M | $200.29M | - |
| Stockholders' Equity | $1.07B | $1.10B | $420.0K | $0 |
| Retained Earnings | ($321.89M) | ($133.20M) | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q1 '25 |
|---|---|---|---|---|
| Operating Cash Flow | ($7.34M) | - | - | - |
| Investing Cash Flow | ($441.19M) | - | - | - |
| Financing Cash Flow | $283.30M | - | - | - |
| CapEx | $441.19M | - | $153.9K | - |
| Free Cash Flow | ($448.53M) | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q1 '25 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | - | - | - | - |
| Operating margin | - | - | - | - |
| EBITDA margin | - | - | - | - |
| Net margin | - | - | - | - |
| Free cash flow margin | - | - | - | - |
| FCF / Net income | 2.38 | - | - | - |
| R&D / Revenue | - | - | - | - |
| SG&A / Revenue | - | - | - | - |
| Effective tax rate | - | - | - | - |
| Return on assets | -10.6% | - | -69.0% | - |
| Return on equity | -17.6% | - | -82574.3% | - |
| Return on invested capital | - | - | - | - |
| Liquidity | ||||
| Current ratio | - | - | - | - |
| Quick ratio | - | - | - | - |
| Cash ratio | - | - | - | - |
| Leverage | ||||
| Debt / Equity | 0.39 | 0.14 | 366.63 | - |
| Debt / Assets | 0.24 | 0.11 | 0.31 | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | 70.8x | - | 3148.0x | - |
| Equity multiplier | 1.66 | 1.29 | 1197.06 | - |
| Liabilities / Assets | 0.40 | 0.22 | 0.40 | - |
| Efficiency | ||||
| Asset turnover | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days inventory outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Cash conversion cycle | - | - | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | 3.4x | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - |
| Net income growth (YoY) | - | - | - | - |
| EPS growth (YoY) | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | - | - | - | - |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing Fermi Inc. against the 5 most active filers in the same SIC group.