FRMI Fermi Inc. - Common Stock
$8.06
Price · Jul 2, 2026
Fundamentals as of May 15, 2026
52W Range
$4–$37
11% of range
Analyst Rating
BUY
16 analysts
Price Target
$19
+136% upside
P/E (TTM)
-7.1
ROE
—
Net Profit Margin
—
FRMI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.06
Market Cap
—
P/E (TTM)
-7.1
EPS (TTM)
$-1.13
Revenue (TTM)
—
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$4 – $37
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$-1.13
2025-12-31
→
2025-12-31
Free Cash Flow
—
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FRMI
Peer Median
P/E (TTM)
-7.1
60.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FRMI
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FRMI
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FRMI
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FRMI
Peer Median
FRMI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
16 analysts
- Strong Buy 4 25.0%
- Buy 9 56.2%
- Hold 3 18.8%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-07-02
Median
$17.50
Now
$8.06
Low
$6.00
High
$35.00
Median target
$17.50
+117.1%
Mean target
$19.00
+135.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.14%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.26 | $-0.05 | -0.21% |
| Dec. 31, 2025 | $-0.18 | $-0.02 | -0.16% |
| Sept. 30, 2025 | $-0.08 | $-0.03 | -0.05% |
Peer Comparison Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FRMI | — | -7.1 | — | — | — | — |
| EQIX | $75.26B | 55.7 | 5.4% | 14.6% | 9.8% | — |
| DLR | $53.15B | 43.2 | 10.0% | 21.4% | 5.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 9
| Metric | Trend | 2025 |
|---|---|---|
| SG&A Expense | $178M | |
| Operating Expenses | $178M | |
| Operating Income | $-178M | |
| Other Non-op | $-312M | |
| Net Income | $-486M | |
| EPS (Basic) | $-1.13 | |
| EPS (Diluted) | $-1.13 | |
| Shares (Basic) | 467,963,408 | |
| Shares (Diluted) | 467,963,408 |
Balance Sheet 14
| Metric | Trend | 2025 |
|---|---|---|
| Cash & Equivalents | $409M | |
| PP&E (Net) | $935M | |
| PP&E (Gross) | $935M | |
| Accum. Depreciation | $0 | |
| Total Assets | $1.41B | |
| Short-term Debt | $149M | |
| Total Liabilities | $317M | |
| Long-term Debt | $110M | |
| Common Stock | $628.0K | |
| Paid-in Capital | $1.23B | |
| Retained Earnings | $-133M | |
| Stockholders' Equity | $1.10B | |
| Liabilities + Equity | $1.41B | |
| Shares Outstanding | 629,839,790 |
Cash Flow 4
| Metric | Trend | 2025 |
|---|---|---|
| Operating Cash Flow | $-34M | |
| CapEx | $569M | |
| Investing Cash Flow | $-570M | |
| Financing Cash Flow | $1.01B |
Valuation (TTM) 4
| Metric | Trend | 2025 |
|---|---|---|
| Net Income TTM | $-486M | |
| P/E | -7.1 | |
| P / Tangible Book | 4.6 | |
| Earnings Yield | -14.1% |
Income Statement 10
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| SG&A Expense | $166M | $134M | $38M | |
| Operating Expenses | $166M | $134M | $38M | |
| Operating Income | $-166M | $-134M | $-38M | |
| Other Non-op | $-25M | $-3M | $-309M | |
| Net Income | $-189M | $-133M | $-347M | |
| EPS (Basic) | $-0.30 | $-0.18 | $-0.84 | |
| EPS (Diluted) | $-0.30 | $-0.18 | $-0.84 | |
| Shares (Basic) | 629,839,790 | 51,726,102 | 466,493,415 | |
| Shares (Diluted) | 629,839,790 | 51,726,102 | 466,493,415 | |
| EBITDA | $-166M | · | $-38M |
Balance Sheet 15
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Cash & Equivalents | $208M | $409M | $84M | |
| PP&E (Net) | $1.43B | $935M | · | |
| PP&E (Gross) | $1.43B | $935M | · | |
| Accum. Depreciation | $0 | $0 | · | |
| Total Assets | $1.78B | $1.41B | $503M | |
| Short-term Debt | · | $149M | $154M | |
| Total Liabilities | $705M | $317M | $200M | |
| Long-term Debt | $421M | $149M | $154M | |
| Total Debt | · | · | $154M | |
| Common Stock | $628.0K | $628.0K | $575.0K | |
| Paid-in Capital | $1.39B | $1.23B | $302M | |
| Retained Earnings | $-322M | $-133M | · | |
| Stockholders' Equity | $1.07B | $1.10B | $302M | |
| Liabilities + Equity | $1.78B | $1.41B | $503M | |
| Shares Outstanding | 629,839,790 | 629,839,790 | 574,977,840 |
Cash Flow 6
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Stock-based Comp | $134M | · | · | |
| Operating Cash Flow | $-7M | $-26M | · | |
| CapEx | $441M | $480M | · | |
| Investing Cash Flow | $-441M | $-474M | · | |
| Financing Cash Flow | $283M | $725M | · | |
| Free Cash Flow | $-449M | · | · |
Profitability 2
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| ROA | -21.2% | · | -138.0% | |
| ROE | -35.2% | · | -229.3% |
Liquidity & Solvency 1
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Debt / Equity | · | · | 0.5 |
Valuation (TTM) 6
| Metric | Trend | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Net Income TTM | $-542M | · | · | |
| Market Cap | $3.68B | · | · | |
| P/B | 3.4 | · | · | |
| P / Tangible Book | 3.4 | · | · | |
| P / Cash Flow | -500.8 | · | · | |
| P / FCF | -8.2 | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | |
|---|---|
| Net Income | $-486M |
| Diluted EPS | $-1.13 |
Latest News Recent headlines mentioning this company
- Fermi (FRMI) Powers 22.6% After Earning This AI Giant’s Backing
- Fermi's Chief Nuclear Officer Sold Nearly 160,000 Company Shares for $1 Million. Here's What That Means for Investors.
- Stock Market Today, May 14: Fermi Surges After "Fermi 2.0" Plan Spurs Investor Optimism
- Stock Market Today, April 20: Fermi Shares Plunge on CEO and CFO Resignations
- Fermi (FRMI) Secures Up to $156.25M in Committed Financing
- UBS Cautious on Fermi (FRMI) Outlook As It Awaits First Tenant Lease
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