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Fermi Inc. (FRMI) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

REAL ESTATE · REIT - SPECIALTY · DATA UPDATED 2026-08-28

Fermi Inc. (FRMI) operates in the REIT - SPECIALTY industry and is headquartered in Amarillo, United States with about 35 employees. Its market capitalization is roughly $3 billion. In the fiscal year ended 2025-12-31, FRMI reported $0M in revenue and ($486M) in net income.

Fermi Inc. develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute.

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FRMI Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-31
Total Revenue$0M
Operating Income (EBIT)($365M)($178M)
Operating Margin %
Net Income($695M)($486M)
Net Margin %
EBITDA($694M)($486M)
Earnings Per Share (EPS)$-1.30$-1.04
Shares Outstanding (M)637M468M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FRMI Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-31
Total Revenue$0M$0M$0M$0M$0M
Operating Income (EBIT)($27M)($166M)($134M)($38M)($6M)$0M
Operating Margin %
Net Income($26M)($189M)($133M)($347M)($6M)$0M
Net Margin %
EBITDA($26M)($189M)($133M)($347M)($6M)$0M
Earnings Per Share (EPS)$-0.04$-0.30$-0.21$-0.74$-0.02$-0.00
Shares Outstanding (M)637M630M630M466M363M363M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FRMI Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-31
Cash from Operations (CFO)($88M)($34M)
Capital Expenditures (CapEx)$1.2B$569M
Free Cash Flow (FCF)($1.2B)($603M)
FCF Margin %

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FRMI Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-31
Cash from Operations (CFO)($49M)($7M)($26M)($6M)($3M)$0M
Capital Expenditures (CapEx)$185M$441M$473M$53M$43M$0M
Free Cash Flow (FCF)($234M)($449M)($499M)($59M)($45M)$0M
FCF Margin %

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

FRMI Balance Sheet History

Balance sheet2026-06-302025-12-31
Total Assets$1.8B$1.4B
Cash & Cash Equivalents$63M$409M
Total Liabilities$731M$317M
Total Debt (Short + Long-Term)$0M$110M
Total Shareholders' Equity$1.0B$1.1B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FRMI viewer.

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