NASDAQ : FRMI
Fermi Inc. — Financial statements
Utilities · Regulated Electric · United States
Last price 2.61 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.67B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | |
|---|---|---|
| Selling, General & Administrative | 348.19M | 165.88M |
| Other Operating Expenses | 11.90M | 11.90M |
| Total Operating Expenses | 360.10M | 177.78M |
| Operating Income | -360.10M | -177.78M |
| Interest & Investment Income | 7.03M | 3.73M |
| Other Non-Operating Income | -312.38M | -312.33M |
| EBT Excluding Unusual Items | -664.76M | -486.38M |
| Pretax Income | -694.51M | -486.38M |
| Net Income | -694.51M | -486.38M |
| Preferred Dividends & Other Adjustments | 43.38M | 43.38M |
| Net Income to Common | -737.89M | -529.76M |
| Basic Shares Outstanding | 590.22M | 467.96M |
| Diluted Shares Outstanding | 590.22M | 467.96M |
| EPS (Basic) | -1.25 | -1.13 |
| EPS (Diluted) | -1.25 | -1.13 |
| EBIT | -360.10M | -177.78M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | |
|---|---|---|
| Property, Plant & Equipment | 1.60B | 957.03M |
| Cash & Equivalents | 62.54M | 408.53M |
| Other Current Assets | 75.80M | 47.75M |
| Total Assets | 1.76B | 1.41B |
| Current Portion of Leases | 2.36M | 432.00K |
| Long-Term Leases | 53.94M | 20.89M |
| Accounts Payable | 149.69M | 176.57M |
| Other Long-Term Liabilities | 5.40M | 9.75M |
| Total Liabilities | 731.48M | 317.44M |
| Common Stock | 638.00K | 628.00K |
| Additional Paid-In Capital | 1.38B | 1.23B |
| Retained Earnings | -347.70M | -133.20M |
| Shareholders' Equity | 1.03B | 1.10B |
| Total Liabilities & Equity | 1.76B | 1.41B |
| Total Debt | 576.39M | 131.12M |
| Net Cash (Debt) | -513.85M | 277.41M |
| Net Cash Per Share | -0.87 | 0.59 |
| Filing Date Shares Outstanding | 640.47M | 629.84M |
| Total Common Shares Outstanding | 638.12M | 629.84M |
| Book Value Per Share | 1.62 | 1.74 |
| Tangible Book Value | 1.03B | 1.10B |
| Tangible Book Value Per Share | 1.62 | 1.74 |
| Land | 8.61M | 5.92M |
| Construction In Progress | 1.54B | 929.37M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | |
|---|---|---|
| Net Income | -694.51M | -486.38M |
| Stock-Based Compensation | 421.64M | 306.53M |
| Change in Accounts Payable | 49.14M | 14.99M |
| Change in Other Net Operating Assets | -28.50M | -8.49M |
| Other Operating Activities | 164.69M | 139.19M |
| Operating Cash Flow | -87.55M | -34.15M |
| Acquisition of Real Estate Assets | -1.15B | -569.30M |
| Net Sale / Acq. of Real Estate Assets | -1.15B | -569.30M |
| Other Investing Activities | -956.00K | -956.00K |
| Investing Cash Flow | -1.15B | -570.26M |
| Short-Term Debt Issued | 100.00M | |
| Long-Term Debt Issued | 101.62M | |
| Total Debt Issued | 630.09M | 201.62M |
| Short-Term Debt Repaid | -20.00M | |
| Total Debt Repaid | -164.29M | -20.00M |
| Net Debt Issued (Repaid) | 465.80M | 181.62M |
| Issuance of Common Stock | 745.63M | 745.63M |
| Preferred Stock Issued | 107.55M | 107.55M |
| Other Financing Activities | -26.49M | -21.87M |
| Net Cash Flow | 51.40M | 408.53M |
| Change in Working Capital | 20.64M | 6.51M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | |
|---|---|---|
| Market Capitalization | 1.67B | 4.91B |
| Enterprise Value | 2.19B | 4.95B |
| Last Close Price | 2.61 | 8.00 |
| PB Ratio | 1.61 | 4.48 |
| Debt / Equity Ratio | 0.56 | 0.12 |
| Net Debt / Equity Ratio | 0.50 | -0.25 |
| Quick Ratio | 0.41 | 1.42 |
| Current Ratio | 1.10 | 1.59 |
| Earnings Yield | -47.90% | -9.90% |