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Fermi Inc. (FRMI)

5.12 +0.26 (+5.35%)
At close: September 4 at 4:00:01 PM EDT
5.13 +0.01 (+0.18%)
After hours: September 4 at 7:59:50 PM EDT
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What's happening with FRMI?

45m ago
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Fermi Inc. has made significant progress in its transition to a commercial power provider, securing a $6.5 billionagreement with TensorWave and raising $431 millionthrough convertible notes. The company aims to ramp up capacity to 4.8 GWand expects initial power delivery by July 2027.

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  • Previous Close 4.86
  • Open 4.80
  • Bid 4.72 x 200
  • Ask 5.45 x 200
  • Day's Range 4.80 - 5.19
  • 52 Week Range 4.47 - 36.99
  • Volume 14,094,432
  • Avg. Volume 19,964,724
  • Market Cap (intraday) 3.279B
  • Beta (5Y Monthly) --
  • PE Ratio (TTM) --
  • EPS (TTM) -1.46
  • Earnings Date Nov 9, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 17.12

Fermi Inc. develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-generation intelligence and AI compute. The company combines cutting-edge technology with a deep bench of proven world-class multidisciplinary leaders with a combined 25 GW of experience to create one of the world's largest 17 GW next-generation private grids, helping ensure America's energy and AI dominance. The behind-the-meter Project Matador campus is expected to integrate the nation's largest combined-cycle natural gas project, one of the largest clean new nuclear power complexes in America, utility grid power, solar power, and battery energy storage to support hyperscale AI and advanced computing. The company was incorporated in 2025 is headquartered in Amarillo, Texas.

www.fermiamerica.com

35

Full Time Employees

December 31

Fiscal Year Ends

Real Estate

Sector

REIT - Specialty

Industry

Recent News

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Performance Overview

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

FRMI
36.00%
S&P 500 (^GSPC)
12.75%

1-Year Return

FRMI
79.63%
S&P 500 (^GSPC)
18.71%

3-Year Return

FRMI
79.63%
S&P 500 (^GSPC)
70.93%

5-Year Return

FRMI
79.63%
S&P 500 (^GSPC)
70.18%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue --
Earnings -188.69M
Profit Margin 0.00%

Q3

FY25

Q4

FY25

Q1

FY26

-300M
-200M
-100M
0
0.0%

Analyst Insights

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Analyst Price Targets

6.00
17.12 Average
5.12 Current
35.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 8/14/2026
Analyst Macquarie
Rating Action Maintains
Rating Outperform
Price Action Lowers
Price Target 18 -> 15

Statistics

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Valuation Measures

Annual
  • Market Cap

  • Enterprise Value

  • Trailing P/E

  • Forward P/E

  • PEG Ratio (5yr expected)

  • Price/Sales (ttm)

  • Price/Book (mrq)

  • Enterprise Value/Revenue

  • Enterprise Value/EBITDA

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    0.00%

  • Return on Assets (ttm)

    --

  • Return on Equity (ttm)

    --

  • Revenue (ttm)

    --

  • Net Income Avi to Common (ttm)

    -737.89M

  • Diluted EPS (ttm)

    -1.46

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    62.54M

  • Total Debt/Equity (mrq)

    55.87%

  • Levered Free Cash Flow (ttm)

    --

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