Listed

Fermi Inc.

FRMINasdaqCIK 2071778Real estateFiscal year ends Dec 31

Revenue is not reported in this company’s XBRL financial statements.

Latest quarter: Q2 FY2026

Three months to Jun 30, 2026, against the same quarter a year earlier.

  • Revenuenot reported (Revenue not reported)No year-earlier figure to compare
  • Gross marginnot reported (Gross profit and Revenue not reported)No year-earlier figure to compare
  • Operating marginnot reported (Revenue not reported)No year-earlier figure to compare
  • Net marginnot reported (Revenue not reported)No year-earlier figure to compare
  • Diluted EPS−$0.04Diluted EPS, Q2 FY2026, three months to 2026-06-30−$0.04 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure−100.0% on a year earlier
  • Free cash flow−$233.6mFree cash flow, Q2 FY2026, three months to 2026-06-30. operating cash flow − capital expenditureOperating cash flow: −$48.7m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-08-14, accession 0002071778-26-000051. Derived: 6-month figure less the 3-month figure.Capital expenditure: $185.0m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-08-14, accession 0002071778-26-000051. Derived: 6-month figure less the 3-month figure.Report this figure−445.2% on a year earlier

Last eight quarters

Full statements
Diluted EPS−$0.04, Q2 FY2026
Free cash flow−$233.6m, Q2 FY2026
Fermi Inc., key figures for the last eight quarters
Line itemUnitperiod not labelled2025-03-31period not labelled2025-06-30Q3 FY20252025-09-30Q4 FY20252025-12-31Q1 FY20262026-03-31Q2 FY20262026-06-30Shape over the periods
Revenue$mnot reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)
Gross margin%not reported (Gross profit and Revenue not reported)not reported (Gross profit and Revenue not reported)not reported (Gross profit and Revenue not reported)not reported (Gross profit and Revenue not reported)not reported (Gross profit and Revenue not reported)not reported (Gross profit and Revenue not reported)
Operating margin%not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)
Net margin%not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)not reported (Revenue not reported)
Diluted EPS$ per share0.00Diluted EPS, period not labelled, three months to 2025-03-31$0.00 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(0.02)Diluted EPS, period not labelled, three months to 2025-06-30−$0.02 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure(0.84)Diluted EPS, Q3 FY2025, three months to 2025-09-30−$0.84 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figurenot reported (Diluted EPS not reported)(0.30)Diluted EPS, Q1 FY2026, three months to 2026-03-31−$0.30 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(0.04)Diluted EPS, Q2 FY2026, three months to 2026-06-30−$0.04 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Free cash flow$m(0.1)Free cash flow, period not labelled, three months to 2025-03-31. operating cash flow − capital expenditureOperating cash flow: −$46.0k. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Capital expenditure: $32.0k. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(42.9)Free cash flow, period not labelled, three months to 2025-06-30. operating cash flow − capital expenditureOperating cash flow: −$2.6m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-08-14, accession 0002071778-26-000051. Derived: 6-month figure less the 3-month figure.Capital expenditure: $40.3m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-08-14, accession 0002071778-26-000051. Derived: 6-month figure less the 3-month figure.Report this figure(5.8)Free cash flow, Q3 FY2025, three months to 2025-09-30. operating cash flow − capital expenditureOperating cash flow: −$5.7m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2025-11-12, accession 0001213900-25-109371. Derived: 9-month figure less the 6-month figure.Capital expenditure: $153.9k. XBRL concept us-gaap:PaymentsToAcquireProductiveAssets. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure(506)Free cash flow, Q4 FY2025, three months to 2025-12-31. operating cash flow − capital expenditureOperating cash flow: −$25.9m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-K filed 2026-03-30, accession 0002071778-26-000010. Derived: 12-month figure less the 9-month figure.Capital expenditure: $480.3m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-K filed 2026-03-30, accession 0002071778-26-000010. Derived: 12-month figure less the 9-month figure.Report this figure(449)Free cash flow, Q1 FY2026, three months to 2026-03-31. operating cash flow − capital expenditureOperating cash flow: −$7.3m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Capital expenditure: $441.2m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(234)Free cash flow, Q2 FY2026, three months to 2026-06-30. operating cash flow − capital expenditureOperating cash flow: −$48.7m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-08-14, accession 0002071778-26-000051. Derived: 6-month figure less the 3-month figure.Capital expenditure: $185.0m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-08-14, accession 0002071778-26-000051. Derived: 6-month figure less the 3-month figure.Report this figure

Focus or hover a figure to see its XBRL concept, period and filing; each links to that filing. A figure marked d is derived: a quarter computed from year-to-date figures, such as the fourth quarter as the fiscal year less the nine months before it. A ratio reads not reported when any input is missing.

Last five fiscal years

Diluted EPS−$1.13, FY2025
Free cash flow−$603.5m, FY2025
Fermi Inc., key figures for the last five fiscal years
Line itemUnitFY20252025-12-31Shape over the periods
Revenue$mnot reported (Revenue not reported)
Gross margin%not reported (Gross profit and Revenue not reported)
Operating margin%not reported (Revenue not reported)
Net margin%not reported (Revenue not reported)
Diluted EPS$ per share(1.13)Diluted EPS, FY2025, twelve months to 2025-12-31−$1.13 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-K filed 2026-03-30, accession 0002071778-26-000010.Report this figure
Free cash flow$m(603)Free cash flow, FY2025, twelve months to 2025-12-31. operating cash flow − capital expenditureOperating cash flow: −$34.2m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-K filed 2026-03-30, accession 0002071778-26-000010.Capital expenditure: $569.3m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-K filed 2026-03-30, accession 0002071778-26-000010.Report this figure

Focus or hover a figure to see its XBRL concept, period and filing; each links to that filing. A figure marked d is derived: a quarter computed from year-to-date figures, such as the fourth quarter as the fiscal year less the nine months before it. A ratio reads not reported when any input is missing.

Insider purchases and sales

All insider transactions

The last 20 open-market transactions reported on Form 4 (codes P and S). The reported price is the price per share the insider stated on the form: filing data, not a market price.

By month, by reported value, last 24 monthsPurchases $0Sales $1.3m
Fermi Inc., open-market insider transactions
DateInsiderTransactionSharesReported priceValueFiling
2026-10-20Neugebauer Toby R10% owner Sale420,749$3.0356$1.3mForm 4

Funds that report holding it

All funds

From each manager's latest Form 13F, largest reported value first. Reported value is as filed at the quarter end: filing data, not a price. A put or call is an option position, not shares held.

Funds that report holding Fermi Inc.
FundQuarter endedReported valueSharesPut or callChange on the quarter before
SRS Investment Management, LLC2026-06-30$185.1m20,205,579New+20,205,579
CITADEL ADVISORS LLC2026-06-30$78.7m8,587,055Added+2,365,349
Point72 Asset Management, L.P.2026-06-30$64.5m7,036,123Added+5,790,511
D. E. Shaw & Co., Inc.2026-06-30$49.6m5,418,891Added+4,590,533
SUSQUEHANNA INTERNATIONAL GROUP, LLP2026-06-30$45.2m4,938,700CallAdded+3,373,300
MILLENNIUM MANAGEMENT LLC2026-06-30$39.4m4,303,619Added+4,244,460
BlackRock, Inc.2026-06-30$38.5m4,202,985Added+3,397,240
MARSHALL WACE, LLP2026-06-30$38.1m4,160,290Added+3,883,540
ExodusPoint Capital Management, LP2026-06-30$37.3m4,068,302Added+4,037,542
Gotham Asset Management, LLC2026-06-30$36.1m3,943,404Added+3,586,239

Recent filings

All 164 filings

Reports and events: 10-K, 10-Q, 8-K, proxy statements and ownership schedules.

Fermi Inc., recent filings
FiledFormWhat it isAccession number
2026-10-1610:06 ET8-K8.01 Other events0001213900-26-109980
2026-10-1412:00 ET8-K7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits0001213900-26-109227
2026-10-0220:08 ETDEF 14AProxy statementPeriod 2026-10-300001213900-26-106378
2026-08-3120:15 ET8-K5.08 Item not in the standard list; 8.01 Other events0001213900-26-095719
2026-08-1420:41 ET10-QQuarterly reportPeriod 2026-06-300002071778-26-000051
2026-08-1423:19 ET8-K5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits0001213900-26-089340
2026-08-1311:10 ET8-K2.02 Results of operations; 9.01 Financial statements and exhibits0002071778-26-000046
2026-07-2320:34 ET8-K5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits0001213900-26-080917
2026-07-2120:01 ET8-K/A5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits0001213900-26-079998
2026-07-1520:54 ET8-K1.01 Entry into a material agreement; 2.03 New direct financial obligation; 3.02 Unregistered sale of equity; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits0001213900-26-078366

Latest annual report

Form 10-K for the fiscal year ended Dec 31, 2025Filed Mar 30, 2026. Its page lists the documents and the extracted sections, such as Business and Risk factors.

Forecast league

Not in this season’s league. The league lists companies whose quarter has ended and whose results are not yet filed.This season’s league

About the filer

CIK
2071778
Tickers
FRMI
Exchange
Nasdaq
SIC code
6798 Real Estate Investment Trusts
Sector
Real estate
Fiscal year ends
Dec 31
Incorporated in
TX
Filer category
<br>Emerging growth company
Former names
Fermi LLC (to 2025-10-01)

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:50 ET. Listed shows no prices and gives no investment advice.