Symbols / FRMI Stock $5.46 +1.11% Fermi Inc.

Real Estate • REIT - Specialty • United States • NMS
FRMI (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Specialty
CEO
Exch · Country NMS · United States
Market Cap 3.44B
Enterprise Value 3.16B
Income -529.76M
Sales
FCF (ttm)
Book/sh 1.74
Cash/sh 0.65
Employees 35
Insider 10d
IPO Oct 01, 2025
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E
Forward P/E 5.03
PEG
P/S
P/B 3.14
P/C
EV/EBITDA
EV/Sales
Quick Ratio 1.42
Current Ratio 1.59
Debt/Eq 11.96
LT Debt/Eq
EPS (ttm) -1.13
EPS next Y 1.09
EPS Growth
Revenue Growth
EPS Gr Q/Q
Rev Gr Q/Q
Earnings (next) 2026-05-14
Earnings (prior) 2026-03-31
ROA
ROE
ROIC
Gross Margin 0.00%
Oper. Margin 0.00%
Profit Margin 0.00%
Shs Outstand 629.84M
Shs Float 282.09M
Insider Own 65.33%
Instit Own 7.46%
Short Float 6.90%
Short Ratio 1.66
Short Interest 21.07M
52W High 36.99
vs 52W High -85.24%
52W Low 4.47
vs 52W Low 22.15%
Beta
Impl. Vol. 1.47%
Rel Volume 0.96
Avg Volume 12.12M
Volume 11.60M
Target (mean) $23.11
Tgt Median $27.00
Tgt Low $8.00
Tgt High $35.00
# Analysts 9
Recom Strong_buy
Prev Close $5.40
Price $5.46
Change 1.11%
About

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 in 2025 and is headquartered in Amarillo, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Proxy: analyst mean price target (no FCF/EPS data available).
Ratings
Current target
$5.46
Low
$8.00
High
$35.00
Mean
$23.11

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 main Macquarie Outperform → Outperform $20
2026-04-01 main Macquarie Outperform → Outperform $20
2026-04-01 main UBS Buy → Buy $8
2026-02-09 main Macquarie Outperform → Outperform $25
2026-02-09 init Citizens — → Market Outperform $30
2025-11-12 main Macquarie Outperform → Outperform $35
2025-10-27 init Macquarie — → Outperform $35
2025-10-27 init UBS — → Buy $30
2025-10-27 init Cantor Fitzgerald — → Overweight $27
2025-10-27 init Berenberg — → Buy $37
2025-10-27 init Stifel — → Buy $29
2025-10-27 init Mizuho — → Outperform $27
2025-10-27 init Rothschild & Co — → Buy $31
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31
Total Revenue
0.00
Operating Revenue
0.00
Operating Expense
177.78
Selling General And Administration
177.78
General And Administrative Expense
177.78
Other Gand A
177.78
Total Expenses
177.78
Operating Income
-177.78
Total Operating Income As Reported
-177.78
EBITDA
-177.78
Normalized EBITDA
-177.78
EBIT
-177.78
Net Income
-486.38
Pretax Income
-486.38
Net Non Operating Interest Income Expense
3.73
Net Interest Income
3.73
Other Income Expense
-312.33
Other Non Operating Income Expenses
-312.33
Tax Rate For Calcs
0.00
Tax Effect Of Unusual Items
0.00
Net Income Including Noncontrolling Interests
-486.38
Net Income From Continuing Operation Net Minority Interest
-486.38
Net Income From Continuing And Discontinued Operation
-486.38
Net Income Continuous Operations
-486.38
Normalized Income
-486.38
Net Income Common Stockholders
-529.76
Diluted EPS
-1.13
Basic EPS
-1.13
Basic Average Shares
467.96
Diluted Average Shares
467.96
Diluted NI Availto Com Stockholders
-529.76
Preferred Stock Dividends
43.38
Total Other Finance Cost
-3.73
Line Item Trend 2025-12-31
Total Assets
1,413.31
Current Assets
408.53
Cash Cash Equivalents And Short Term Investments
408.53
Cash And Cash Equivalents
408.53
Total Non Current Assets
1,004.78
Net PPE
957.03
Gross PPE
957.03
Accumulated Depreciation
0.00
Properties
0.00
Land And Improvements
5.92
Construction In Progress
929.37
Other Properties
21.74
Other Non Current Assets
47.75
Total Liabilities Net Minority Interest
317.44
Current Liabilities
176.57
Payables And Accrued Expenses
176.57
Payables
176.57
Accounts Payable
176.57
Total Non Current Liabilities Net Minority Interest
140.87
Long Term Debt And Capital Lease Obligation
131.12
Long Term Debt
109.80
Long Term Capital Lease Obligation
21.32
Other Non Current Liabilities
9.75
Stockholders Equity
1,095.87
Common Stock Equity
1,095.87
Capital Stock
0.63
Common Stock
0.63
Preferred Stock
0.00
Share Issued
614.03
Ordinary Shares Number
614.03
Additional Paid In Capital
1,228.44
Retained Earnings
-133.20
Total Equity Gross Minority Interest
1,095.87
Total Capitalization
1,205.67
Working Capital
231.96
Invested Capital
1,205.67
Total Debt
131.12
Capital Lease Obligations
21.32
Net Tangible Assets
1,095.87
Tangible Book Value
1,095.87
Limited Partnership Capital
0.00
Total Partnership Capital
0.00
Line Item Trend 2025-12-31
Operating Cash Flow
-34.15
Cash Flow From Continuing Operating Activities
-34.15
Net Income From Continuing Operations
-486.38
Other Non Cash Items
24.33
Stock Based Compensation
306.53
Operating Gains Losses
114.86
Gain Loss On Investment Securities
111.59
Net Foreign Currency Exchange Gain Loss
3.27
Change In Working Capital
6.51
Change In Prepaid Assets
-8.49
Change In Payables And Accrued Expense
14.99
Investing Cash Flow
-570.26
Cash Flow From Continuing Investing Activities
-570.26
Net PPE Purchase And Sale
-569.30
Purchase Of PPE
-569.30
Capital Expenditure
-569.30
Net Other Investing Changes
-0.96
Financing Cash Flow
1,012.94
Cash Flow From Continuing Financing Activities
1,012.94
Net Issuance Payments Of Debt
181.62
Issuance Of Debt
201.62
Repayment Of Debt
-20.00
Long Term Debt Issuance
201.62
Long Term Debt Payments
-20.00
Net Long Term Debt Issuance
181.62
Net Common Stock Issuance
745.63
Net Other Financing Charges
-21.87
Changes In Cash
408.53
Beginning Cash Position
0.00
End Cash Position
408.53
Free Cash Flow
-603.46
Common Stock Issuance
745.63
Issuance Of Capital Stock
853.18
Net Preferred Stock Issuance
107.55
Preferred Stock Issuance
107.55
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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