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    FRMI

    Fermi Inc.

    Company overview

    Market capitalization
    $2.73B
    Employees
    35
    Latest publication
    2026-09-29
    About Fermi Inc.

    Fermi Inc. engages in the development of private power campus for AI-centric customers in the United States. The company also develops, owns, and leases grid-independent energy generation and high-performance computing campuses; develops and operates integrated power generation and computing infrastructure. It also engages in acquisition of land, permitting, construction, and long-term leases. The company was founded and incorporated on January 10th, 2025 is headquartered in Amarillo, Texas, USA.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Net Income-25,806,000USD-188,693,000USD-133,199,000USD-346,812,000USD-6,289,772USD-77,831USD
    Total Revenue—0USD0USD0USD0USD0USD
    Selling General Administrative—166,244,000USD134,316,000USD37,776,000USD5,609,499USD77,831USD
    Total Operating Expenses—166,244,000USD134,316,000USD37,776,000USD5,609,499USD77,831USD
    Operating Income—-166,244,000USD-134,316,000USD-37,776,000USD-5,609,499USD-77,831USD
    Interest Income—2,349,000USD———0USD
    Net Interest Income—2,349,000USD4,401,000USD12,000USD-680,273USD0USD
    Income Before Tax—-188,693,000USD-133,199,000USD-346,812,000USD-6,289,772USD-77,831USD
    Net Income From Continuing Ops—-188,693,000USD-133,199,000USD-346,812,000USD-6,289,772USD-77,831USD
    Ebitda—-188,693,000USD-134,316,000USD-346,800,000USD-5,609,499USD-77,831USD
    Total Other Income Expense Net—-22,449,000USD1,117,000USD-309,036,000USD-680,273USD—
    Interest Expense———12,000USD——
    SourceDisclosurePreliminaryLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USD
    Total Revenue0USD
    Selling General Administrative177,779,000USD
    Total Operating Expenses177,779,000USD
    Operating Income-177,779,000USD
    Net Interest Income3,732,000USD
    Income Before Tax-486,379,000USD
    Net Income-486,379,000USD
    Net Income From Continuing Ops-486,379,000USD
    Ebitda-177,779,000USD
    Total Other Income Expense Net-308,600,000USD
    SourceLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Total Assets1,763,136,000USD1,777,493,000USD1,413,314,000USD502,766,000USD89,169,860USD585,157USD
    Cash And Equivalents62,536,000USD—————
    Total Liabilities731,479,000USD—————
    Other Current Liabilities5,390,000USD—————
    Total Stockholder Equity1,031,657,000USD1,072,277,000USD1,095,872,000USD302,473,000USD-1,774,705USD420,492USD
    Total Equity Including Noncontrolling Interest1,031,657,000USD—————
    Property Plant Equipment Net1,595,601,000USD1,470,608,000USD957,032,000USD295,337,000USD42,584,285USD—
    Short Term Debt520,091,000USD—————
    Common Stock638,000USD628,000USD628,000USD575,000USD922,160USD420,492USD
    Retained Earnings-347,698,000USD-321,892,000USD-133,199,000USD0USD-6,367,603USD—
    Total Liab—705,216,000USD317,442,000USD200,293,000USD90,944,565USD164,665USD
    Capital Stock—628,000USD628,000USD575,000USD——
    Other Assets—99,384,000USD—502,766,000USD——
    Cash—207,501,000USD408,529,000USD182,993,000USD40,332,403USD218,914USD
    Cash And Short Term Investments—207,501,000USD408,529,000USD182,993,000USD40,332,403USD218,914USD
    Total Current Assets—207,501,000USD408,529,000USD182,993,000USD45,285,575USD417,898USD
    Total Current Liabilities—238,624,000USD176,572,000USD65,111,999USD5,104,378USD164,665USD
    Net Debt—-207,501,000USD-277,410,000USD-57,552,000USD45,414,730USD-218,914USD
    Long Term Debt—421,296,000USD109,799,000USD102,831,000USD85,747,133USD—
    Accounts Payable—238,624,000USD176,572,000USD65,112,000USD5,104,378USD164,665USD
    Property Plant Equipment Gross—1,470,608,000USD957,032,000USD295,337,000USD42,584,285USD—
    Common Stock Shares Outstanding—629,839,790shares629,839,790shares466,493,415shares363,334,309shares363,334,309shares
    Non Current Assets Total—1,470,608,000USD1,004,785,000USD319,773,000USD43,884,284USD167,259USD
    Non Current Liabilities Total—705,216,000USD140,870,000USD135,181,000USD85,840,187USD—
    Non Current Liabilities Other—1,582,000USD9,751,000USD9,740,000USD——
    Non Currrent Assets Other—63,592,000USD47,753,000USD-295,337,000USD1,300,000USD167,259USD
    Net Working Capital—4,669,000USD231,957,000USD117,881,000USD35,134,971USD—
    Unclassified Non Current Assets—-162,976,000USD—-478,330,000USD——
    Unclassified Non Current Liabilities—282,338,000USD21,320,000USD22,610,000USD——
    Unclassified Equity—1,392,913,000USD1,227,815,000USD301,323,000USD——
    Short Long Term Debt Total——131,119,000USD125,441,000USD85,747,133USD—
    Other Current Assets———-182,993,000USD4,953,172USD198,984USD
    Other Current Liab———65,111,999USD——
    Unclassified Current Liabilities———-65,112,000USD——
    Accumulated Other Comprehensive Income————3,615,738USD—
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USD
    Total Assets1,413,314,000USD
    Total Liab317,442,000USD
    Total Stockholder Equity1,095,872,000USD
    Common Stock628,000USD
    Capital Stock628,000USD
    Retained Earnings-133,199,000USD
    Cash408,529,000USD
    Cash And Short Term Investments408,529,000USD
    Total Current Assets408,529,000USD
    Total Current Liabilities176,572,000USD
    Net Debt-277,410,000USD
    Short Long Term Debt Total131,119,000USD
    Long Term Debt109,799,000USD
    Accounts Payable176,572,000USD
    Property Plant Equipment Net21,737,000USD
    Property Plant Equipment Gross957,032,000USD
    Common Stock Shares Outstanding467,963,408shares
    Non Current Assets Total1,004,785,000USD
    Non Current Liabilities Total140,870,000USD
    Non Current Liabilities Other9,751,000USD
    Non Currrent Assets Other983,048,000USD
    Net Working Capital231,957,000USD
    Unclassified Non Current Liabilities21,320,000USD
    Unclassified Equity1,227,815,000USD
    SourceLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Other Non Cash Items-26,247,000USD
    Change To Liabilities35,489,000USD
    Change In Working Capital13,512,000USD
    Operating Cash Flow-56,016,000USD
    Capital Expenditures-626,157,000USD
    Investing Cash Flow-626,157,000USD
    Net Debt Issuance369,199,000USD
    Other Financing Activities0USD
    Unclassified Financing Cash Flow-3,824,000USD
    Financing Cash Flow365,375,000USD
    Change In Cash-316,798,000USD
    End Cash Flow91,731,000USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Net Income-188,693,000USD-133,199,000USD-346,812,000USD-6,289,772USD-77,831USD
    Stock Based Compensation133,980,000USD104,315,000USD198,598,262USD3,615,738USD0USD
    Other Non Cash Items24,975,000USD3,246,000USD346,812,000USD4,362,792USD2,500USD
    Change In Working Capital22,393,000USD-222,000USD7,346,919USD-644,943USD29,024USD
    Total Cash From Operating Activities-7,345,000USD-25,860,000USD-5,672,770USD-2,571,923USD-46,307USD
    Capital Expenditures-441,188,000USD-472,983,000USD-53,448,843USD-42,840,539USD-31,618USD
    Free Cash Flow-448,533,000USD-498,843,000USD-59,121,613USD-45,412,462USD-77,925USD
    Total Cashflows From Investing Activities-441,188,000USD-473,939,000USD-53,448,843USD-42,840,539USD-31,618USD
    Net Borrowings286,533,000USD-5,000,000USD101,600,497USD85,023,503USD0USD
    Total Cash From Financing Activities283,297,000USD725,335,000USD201,782,210USD85,525,951USD296,839USD
    Issuance Of Capital Stock0USD744,709,000USD107,551,840USD625,321USD296,839USD
    Change In Cash-165,236,000USD225,536,000USD182,774,086USD40,113,489USD218,914USD
    Begin Period Cash Flow408,529,000USD182,993,000USD218,914USD218,914USD0USD
    End Period Cash Flow243,293,000USD408,529,000USD182,993,000USD40,332,403USD218,914USD
    Other Cashflows From Investing Activities-441,188,000USD6,332,000USD-4,728,662USD——
    Other Cashflows From Financing Activities283,297,000USD-14,374,000USD100,181,873USD84,900,630USD—
    Unclassified Investing Cash Flow441,188,000USD-7,288,000USD4,728,662USD——
    Unclassified Financing Cash Flow-286,533,000USD744,684,000USD-107,552,000USD-85,023,503USD—
    Sale Purchase Of Stock—25,000USD———
    Unclassified Operating Cash Flow——-211,617,951USD-3,615,738USD—
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USD
    Net Income-486,379,000USD
    Stock Based Compensation306,529,000USD
    Other Non Cash Items-40,660,000USD
    Change In Working Capital6,509,000USD
    Total Cash From Operating Activities-34,151,000USD
    Capital Expenditures-569,304,000USD
    Free Cash Flow-603,455,000USD
    Total Cashflows From Investing Activities-570,260,000USD
    Net Borrowings181,624,000USD
    Total Cash From Financing Activities1,012,940,000USD
    Issuance Of Capital Stock853,183,000USD
    Change In Cash408,529,000USD
    Begin Period Cash Flow0USD
    End Period Cash Flow408,529,000USD
    Other Cashflows From Investing Activities-956,000USD
    Other Cashflows From Financing Activities85,685,000USD
    Unclassified Operating Cash Flow179,850,000USD
    Unclassified Financing Cash Flow-107,552,000USD
    SourceLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    No revenue breakdown is currently published for this company.

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.