Fermi Inc. (FRMI)

NASDAQ: FRMI · USD

$3.02

+0.40 (+15.3%)· Recorded snapshot

Market cap	1.9B
Net income (ttm)	-737.9M
EPS (ttm)	-$1.25
Shares out	640.5M
Volume	19,552,254

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Net income (ttm): -737.9M
EPS (ttm): -$1.25
Market cap: 1.9B

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AMT	American Tower Corporation	85.1B	25.8x	7.5x	7.8%	+4.0%	+0.7%	کاهش موقعیت
ARE	Alexandria Real Estate Equities Inc.	6.9B	—	2.4x	0.9%	+6.6%	-45.8%	نگه‌داری
CCI	Crown Castle Inc.	37.4B	46.3x	9.1x	5.1%	-7.9%	-6.2%	فروش

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROICn/a

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All FRMI indicators

Market & fundamental data

Available fields

155

Groups with data

Currency

USD

Showing 155 of 155 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0002071778
Company name	Fermi Inc.
Country	United States
Country code	US
CUSIP number	314911108
Earnings date	2026-11-12
Earnings time	bmo
Employees	35
Enterprise value	$2.4B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2025
Industry	REIT - Specialty
IPO date	2025-10-01
Is primary listing	Yes
Is SPAC	No
ISIN number	US3149111086
Last 10-K release date	2026-03-30
Last earnings date	2026-08-13
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$1.9B
Market cap category	Small-Cap
Next earnings date	2026-11-12
Options	Yes
Price	$3.02
Price currency	USD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	FRMI
U.S. state	Texas
Website	https://www.fermiamerica.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings yield	-41.4%
FCF / EV yield	-54.85%
FCF yield	-70.94%
Forward EV/Sales	12.64x
Forward P/S	9.77x
Industry forward P/E	37.06x
Industry P/E	37.91x
P/B ratio	1.62x
Price / tangible book value	1.7x
Sector forward P/E	30.05x
Sector P/E	41.82x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
Profit per employee	$-21.1M
ROCE	-22.35%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth years	0
Net income growth years	0
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-1.2B
EBIT	$-360.1M
EPS	$-1.25
FCF per share	$-1.94
Financing cash flow	$1.3B
Free cash flow	$-1.2B
Free cash flow minus SBC	$-1.7B
Investing cash flow	$-1.2B
Net cash flow	$51.4M
Net income	$-737.9M
Operating cash flow minus SBC	$-509.2M
Operating income	$-360.1M
Stock-based compensation	$421.6M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$1.62
Debt / equity	0.56
Net cash (debt)	$-513.9M
Net cash / market cap	-29.33%
Net debt / equity	0.5
Piotroski F-Score	1
Property, plant and equipment	$1.6B
Shareholders' equity	$1B
Tangible book value	$1B
Tangible book value per share	$1.62
Total assets	$1.8B
Total cash	$62.5M
Total debt	$576.4M
Total liabilities	$731.5M

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	1.1
Net working capital	$-44.7M
Quick ratio	0.41
Working capital	$15.5M

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Dividend yield	0%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$5.74
1D price change	15.27%
1M price change	-35.18%
1M total return	-35.18%
1W price change	-0.34%
1W total return	-0.34%
1Y price change	-87.7%
1Y return CAGR	-87.72%
1Y total return	-87.7%
20-day SMA	$3.31
200-day SMA	$6.54
3M price change	-59.47%
3M total return	-59.47%
50-day SMA	$4.39
50-day SMA vs 200-day SMA	50under200
52-week high	$30.90
52-week high date	2025-10-28
52-week low	$2.44
52-week low date	2026-10-26
6M price change	-46.34%
6M total return	-46.34%
All-time high	$36.99
All-time high date	2025-10-02
All-time low	$2.44
All-time low date	2026-10-26
Average true range (ATR)	$0.32
Average volume	22.1M
Beta (1Y)	1.97
Beta (2Y)	1.73
Change from 52-week high	-90.23%
Change from 52-week low	23.77%
Change from all-time high	-92.08%
Change from all-time low	20.08%
Change from open	13.53%
Day's gap	1.53%
Dollar volume	$59M
High price	$3.03
Low price	$2.61
Monthly RSI	0
Open price	$2.66
Position in 52-week range	98.8%
Premarket change	1.15%
Premarket close	$2.62
Premarket price	$2.65
Premarket volume	181.1K
Previous close	$2.62
Price vs 150-day SMA	-48.95%
Price vs 20-day SMA	-11.51%
Price vs 200-day SMA	-55.18%
Price vs 50-day SMA	-33.23%
Relative volume	0.88
Return from IPO open	-89.06%
Return from IPO price	-86.98%
RSI	37.49
Sharpe ratio	-1.18
Sortino ratio	-1.61
Volume	19.6M
Weekly RSI	34.1
YTD price change	-63.38%
YTD total return	-63.38%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	341.4M
Float percentage	53.31%
Shares change (QoQ)	1.19%
Shares held by insiders	46.67%
Shares held by institutions	25.4%
Shares outstanding	640.5M
Short % of float	18.57%
Short % of shares	9.9%
Short ratio	3.9 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	195

Deeper analysis on FRMI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this FRMI report

Is a complete FRMI research report available?

No complete published report is available for Fermi Inc. (FRMI) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Fermi Inc. (FRMI)

Price

Financial snapshot

Fair-value bridge

Latest news · FRMI

Valuation

Balance sheet

Trading

Next earnings

Sector percentile context

All FRMI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on FRMI

Frequently asked questions