FRMI net incomeQ2 2026-$25.81M
FRMI net income was -$25.81M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$6.29M a year earlier. For the full fiscal 2025 it was -$486.38M.
Fermi Inc. (FRMI) financials
For the twelve months ended Jun 30, 2026, Fermi Inc. reported -$694.51M of net income.
- Net income, TTM
- -$694.51M
- Free cash flow, TTM
- -$1.19B
- Cash
- $62.54M
- Total debt
- $520.09M
- Market cap
- $1.06B
FRMI revenue and earnings growth
FRMI EPSQ2 2026-$0.04
FRMI diluted EPS was -$0.04 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$1.13.
FRMI free cash flowQ2 2026-$233.64M
FRMI free cash flow was -$233.64M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$42.85M a year earlier. For the full fiscal 2025 it was -$603.46M.
Income statement
| Line item | Dec 31, 2025 |
|---|---|
| Selling, general and admin | $177.78M |
| Operating income | -$177.78M |
| Interest expense | -$3.73M |
| Net income | -$486.38M |
| EPS, basic | -$1.13 |
| EPS, diluted | -$1.13 |
| Diluted shares | 468.0M |
Balance sheet
| Line item | Dec 31, 2025 |
|---|---|
| Cash and equivalents | $408.53M |
| Total assets | $1.41B |
| Short-term debt | $109.80M |
| Total debt | $109.80M |
| Total liabilities | $317.44M |
| Shareholders' equity | $1.10B |
Cash flow
| Line item | Dec 31, 2025 |
|---|---|
| Operating cash flow | -$34.15M |
| Capital expenditures | $569.30M |
| Free cash flow | -$603.46M |
| Investing cash flow | -$570.26M |
| Financing cash flow | $1.01B |
Key ratios
| Line item | Dec 31, 2025 |
|---|---|
| Return on equity | -44.4% |
| Return on assets | -34.4% |
| Debt to equity | 0.10 |
Income statement
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Selling, general and admin | $26.76M | $166.24M | $134.32M | $37.78M | $5.61M | $78.0K |
| Operating income | -$26.76M | -$166.24M | -$134.32M | -$37.78M | -$5.61M | -$78.0K |
| Interest expense | -$953.0K | -$2.35M | -$4.40M | -$12.0K | $680.0K | $0 |
| Net income | -$25.81M | -$188.69M | -$133.20M | -$346.81M | -$6.29M | -$78.0K |
| EPS, basic | -$0.04 | -$0.30 | - | -$0.84 | -$0.02 | $0.00 |
| EPS, diluted | -$0.04 | -$0.30 | - | -$0.84 | -$0.02 | $0.00 |
| Diluted shares | 637.3M | 629.8M | - | 466.5M | 409.0M | 73.7M |
Balance sheet
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $62.54M | $207.50M | $408.53M | $83.69M | $40.33M | $219.0K |
| Total assets | $1.76B | $1.78B | $1.41B | $502.77M | - | - |
| Short-term debt | $520.09M | $421.30M | $109.80M | $102.83M | - | - |
| Total debt | $520.09M | $421.30M | $109.80M | $153.99M | - | - |
| Total liabilities | $731.48M | $705.22M | $317.44M | $200.29M | - | - |
| Shareholders' equity | $1.03B | $1.07B | $1.10B | $302.47M | -$1.77M | $420.0K |
Cash flow
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$48.67M | -$7.34M | -$25.86M | -$5.67M | -$2.57M | -$46.0K |
| Capital expenditures | $184.97M | $441.19M | $480.27M | $153.9K | $40.28M | $32.0K |
| Free cash flow | -$233.64M | -$448.53M | -$506.13M | -$5.83M | -$42.85M | -$78.0K |
| Investing cash flow | -$184.97M | -$441.19M | -$473.94M | -$53.45M | -$42.84M | -$32.0K |
| Financing cash flow | $82.08M | $283.30M | $725.34M | $201.78M | $85.53M | $297.0K |
| Stock-based compensation | - | $133.98M | - | - | - | $0 |
Key ratios
Source: XBRL data Fermi Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
FRMI peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| FRMI | - | - | -$694.51M | - | $1.06B |
| WELL | $13.79B | +39.2% | $1.67B | 12.1% | $181.46B |
| PLD | $8.95B | +6.7% | $3.71B | 41.5% | $124.09B |
| EQIX | $10.06B | +11.1% | $1.65B | 16.4% | $104.38B |
| AMT | $11.01B | +5.3% | $3.31B | 30.1% | $87.65B |
| SPG | $7.15B | +16.2% | $4.51B | 63.0% | $75.39B |
| DLR | $6.34B | +12.6% | $1.38B | 21.7% | $68.13B |
| PSA | $5.03B | +5.2% | $1.90B | 37.8% | $63.18B |
| O | $6.21B | +10.8% | $1.36B | 21.8% | $56.58B |
FRMI FAQ
5 questionsIs FRMI profitable?
No. Fermi Inc. reported a net loss of $694.51M for the twelve months ended Jun 30, 2026.How much cash and debt does FRMI have?
Fermi Inc. reported $62.54M in cash and cash equivalents and $520.09M of debt on its most recent balance sheet in SEC filings.What is FRMI free cash flow?
Fermi Inc. generated -$1.19B of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$87.55M less capital expenditures.When did FRMI last report financial results?
The latest statements here come from Fermi Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.Where does this FRMI financial data come from?
Quantisnow builds these statements from the structured XBRL data Fermi Inc. files with the SEC. It is provided for information only and is not investment advice.