Fermi Inc.
FRMI
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Fermi Inc. operates in the specialty REIT sector, which can benefit from niche market demand and less competition compared to traditional real estate sectors.
- The company's market capitalization stands at approximately $2.71 billion, indicating a significant presence in the market.
- Fermi's target mean price is $17.125, suggesting potential upside from its current trading levels.
- Fermi Inc. has reported negative net income for multiple consecutive quarters, with a net loss of $25.806 million in Q2 2026.
- The company's operating income has consistently been negative, with a loss of $26.759 million in Q2 2026.
- Fermi's financial indicators show a 'Strong Sell' signal with a score of -24.00, reflecting ongoing financial struggles.
Fundamentals
| Market cap | $2.35B | Enterprise value | $2.86B | Trailing P/E | — | Forward P/E | 28.18 |
| PEG | — | Price / book | 2.26 | Beta | — | Dividend yield | 0.00% |
| Revenue growth | — | Earnings growth | — | Gross margin | 0.0% | Operating margin | 0.0% |
| Profit margin | 0.0% | ROE | — | ROA | — | Debt / equity | 0.56 |
| Current ratio | 1.10 | Free cash flow | — | Analyst recommendation | none | Mean target | $17.13 |
| 52w high | $32.39 | 52w low | $3.42 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | — |
| Op margin | — | — | — | — | — | — |
| Net income | -$25.8M | -$189M | -$133M | -$347M | -$6.3M | — |
| Gross margin | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| Operating income | -$26.8M | -$166M | -$134M | -$37.8M | -$5.6M | — |
Yearly (6y)
| 2025 | |
|---|---|
| Revenue | $0.0M |
| Op margin | — |
| Net income | -$486M |
| Gross margin | — |
| Gross profit | — |
| Operating income | -$178M |
Headline risk — review
• [CRITICAL · legal] Fermi Receives Subpoena From Eastern District of New York Over Project Matador
• [CRITICAL · legal] Update: Fermi Shares Fall After Receiving Subpoena From Eastern District of New York Over Project Matador
News
2026-10-04 · Jim Cramer Says Fermi (FRMI) Never Should Have Gone Public
2026-09-29 · Fermi (FRMI) Stock Looks Rich On Fresh Data Center Operations News
2026-09-28 · Fermi (FRMI) Faces A Governance Push, Where Does Fair Value Sit?
2026-09-28 · Fermi Selects NAES to Operate and Maintain Its Natural Gas Turbine Fleet
2026-09-24 · Fermi Selects CBRE to Operate and Maintain Its First Data Center
2026-09-22 · Fermi and TensorWave Agree to Extend Closing Date to October 31, 2026
2026-09-21 · Fermi delivers Siemens turbines with 780 MW combined capacity to Texas AI campus
2026-09-17 · Texas Business Court Denies Former CEO's Request for Emergency Relief Against Fermi's Board
2026-08-21 · A Landmark Power Deal Puts Fermi’s (FRMI) Big Bet to the Test
2026-08-17 · Update: Fermi Shares Fall After Receiving Subpoena From Eastern District of New York Over Project Matador
Price (daily)
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