State Ledger
Company profile

Fermi Inc. CIK 2071778

Ticker
FRMI (Nasdaq)
Industry
Real Estate Investment Trusts
Headquarters
Dallas, TX 75201
Fiscal year end
2025 (FY)
Market Data
Close
$3.25
Change
-$0.18
Change %
-5.26%
Volume
701,510

FRMI · trading date Oct 12, 2026 · previous close $3.43 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
—
Net income
-$486.38M
Total assets
$1.41B
Total liabilities
$317.44M
Stockholders' equity
$1.10B
Cash & equivalents
$408.53M
Operating income
-$177.78M
Operating cash flow
-$34.15M
Capital expenditures
$569.30M

Fiscal year 2025, via 10-K filed 2026-03-30. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
-$603.46M
Free cash flow margin
—
Liabilities / assets
22.5%
Equity / assets
77.5%
CapEx / revenue
—
Operating cash flow / net income
0.07×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 — -$486.38M $1.41B $317.44M $1.10B

Only one fiscal year is currently available. Additional years will appear here as the dataset expands.

Company Details
SIC code
6798
State of incorporation
TX
Active filer
Yes
Most recent SEC filing
Form PX14A6G
2026-09-11
Financials filed via
Form 10-K
filed 2026-03-30

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Dallas, TX 75201
1845 WOODALL RODGERS FWY
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:58 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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