Listed

Fermi Inc.

FRMINasdaqCIK 2071778Real estateFiscal year ends Dec 31

Share

Share this page

Story card, 1080 × 1920

Standardized line items from XBRL company facts, the last twelve quarters. Negative values are in parentheses. A figure marked d is derived from year-to-date figures.

Income statement

Operating income−$26.8m, Q2 FY2026
Net income−$25.8m, Q2 FY2026
Line itemUnitperiod not labelled2025-03-31period not labelled2025-06-30Q3 FY20252025-09-30Q4 FY20252025-12-31Q1 FY20262026-03-31Q2 FY20262026-06-30
Operating income$m(0.1)Operating income, period not labelled, three months to 2025-03-31−$78.0k. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(5.6)Operating income, period not labelled, three months to 2025-06-30−$5.6m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure(37.8)Operating income, Q3 FY2025, three months to 2025-09-30−$37.8m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure(134)Operating income, Q4 FY2025, three months to 2025-12-31−$134.3m. XBRL concept us-gaap:OperatingIncomeLoss. 10-K filed 2026-03-30, accession 0002071778-26-000010. Derived: 12-month figure less the 9-month figure.Report this figure(166)Operating income, Q1 FY2026, three months to 2026-03-31−$166.2m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(26.8)Operating income, Q2 FY2026, three months to 2026-06-30−$26.8m. XBRL concept us-gaap:OperatingIncomeLoss. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Interest expense$m0.0Interest expense, period not labelled, three months to 2025-03-31$0. XBRL concept us-gaap:InterestExpenseNonoperating. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure0.7Interest expense, period not labelled, three months to 2025-06-30$680.0k. XBRL concept us-gaap:InterestExpenseNonoperating. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure(0.0)Interest expense, Q3 FY2025, three months to 2025-09-30−$12.0k. XBRL concept us-gaap:InterestExpenseNonoperating. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure(4.4)Interest expense, Q4 FY2025, three months to 2025-12-31−$4.4m. XBRL concept us-gaap:InterestExpenseNonoperating. 10-K filed 2026-03-30, accession 0002071778-26-000010. Derived: 12-month figure less the 9-month figure.Report this figure(2.3)Interest expense, Q1 FY2026, three months to 2026-03-31−$2.3m. XBRL concept us-gaap:InterestExpenseNonoperating. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(1.0)Interest expense, Q2 FY2026, three months to 2026-06-30−$953.0k. XBRL concept us-gaap:InterestExpenseNonoperating. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Net income$m(0.1)Net income, period not labelled, three months to 2025-03-31−$78.0k. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure(6.3)Net income, period not labelled, three months to 2025-06-30−$6.3m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure(347)Net income, Q3 FY2025, three months to 2025-09-30−$346.8m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure(133)Net income, Q4 FY2025, three months to 2025-12-31−$133.2m. XBRL concept us-gaap:NetIncomeLoss. 10-K filed 2026-03-30, accession 0002071778-26-000010. Derived: 12-month figure less the 9-month figure.Report this figure(189)Net income, Q1 FY2026, three months to 2026-03-31−$188.7m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure(25.8)Net income, Q2 FY2026, three months to 2026-06-30−$25.8m. XBRL concept us-gaap:NetIncomeLoss. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Diluted EPS$ 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(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−$0.04 per share. XBRL concept us-gaap:EarningsPerShareDiluted. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Basic EPS$ per share0.00Basic EPS, period not labelled, three months to 2025-03-31$0.00 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(0.02)Basic EPS, period not labelled, three months to 2025-06-30−$0.02 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure(0.84)Basic EPS, Q3 FY2025, three months to 2025-09-30−$0.84 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figurenot reported(0.30)Basic EPS, Q1 FY2026, three months to 2026-03-31−$0.30 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(0.04)Basic EPS, Q2 FY2026, three months to 2026-06-30−$0.04 per share. XBRL concept us-gaap:EarningsPerShareBasic. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure

Balance sheet

Cash and equivalents$62.5m, Q2 FY2026
Long-term debt$520.1m, Q2 FY2026
Shareholders' equity$1.03bn, Q2 FY2026
Line itemUnitperiod not labelled2025-01-10period not labelled2025-03-31period not labelled2025-06-30Q3 FY20252025-09-30FY20252025-12-31Q1 FY20262026-03-31Q2 FY20262026-06-30
Cash and equivalents$mnot reported0.2Cash and equivalents, period not labelled, at 2025-03-31$219.0k. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure40.3Cash and equivalents, period not labelled, at 2025-06-30$40.3m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure83.7Cash and equivalents, Q3 FY2025, at 2025-09-30$83.7m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure409Cash and equivalents, FY2025, at 2025-12-31$408.5m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure208Cash and equivalents, Q1 FY2026, at 2026-03-31$207.5m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure62.5Cash and equivalents, Q2 FY2026, at 2026-06-30$62.5m. XBRL concept us-gaap:CashAndCashEquivalentsAtCarryingValue. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Total assets$mnot reportednot reportednot reported503Total assets, Q3 FY2025, at 2025-09-30$502.8m. XBRL concept us-gaap:Assets. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure1,413Total assets, FY2025, at 2025-12-31$1.41bn. XBRL concept us-gaap:Assets. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure1,777Total assets, Q1 FY2026, at 2026-03-31$1.78bn. XBRL concept us-gaap:Assets. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure1,763Total assets, Q2 FY2026, at 2026-06-30$1.76bn. XBRL concept us-gaap:Assets. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Total liabilities$mnot reportednot reportednot reported200Total liabilities, Q3 FY2025, at 2025-09-30$200.3m. XBRL concept us-gaap:Liabilities. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure317Total liabilities, FY2025, at 2025-12-31$317.4m. XBRL concept us-gaap:Liabilities. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure705Total liabilities, Q1 FY2026, at 2026-03-31$705.2m. XBRL concept us-gaap:Liabilities. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure731Total liabilities, Q2 FY2026, at 2026-06-30$731.5m. XBRL concept us-gaap:Liabilities. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Long-term debt$mnot reportednot reportednot reported154Long-term debt, Q3 FY2025, at 2025-09-30$154.0m. XBRL concept us-gaap:LongTermDebt. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure110Long-term debt, FY2025, at 2025-12-31$109.8m. XBRL concept us-gaap:LongTermDebt. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure421Long-term debt, Q1 FY2026, at 2026-03-31$421.3m. XBRL concept us-gaap:LongTermDebt. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure520Long-term debt, Q2 FY2026, at 2026-06-30$520.1m. XBRL concept us-gaap:LongTermDebt. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Current portion of debt$mnot reportednot reportednot reported103Current portion of debt, Q3 FY2025, at 2025-09-30$102.8m. XBRL concept us-gaap:DebtCurrent. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure110Current portion of debt, FY2025, at 2025-12-31$109.8m. XBRL concept us-gaap:DebtCurrent. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure421Current portion of debt, Q1 FY2026, at 2026-03-31$421.3m. XBRL concept us-gaap:DebtCurrent. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure520Current portion of debt, Q2 FY2026, at 2026-06-30$520.1m. XBRL concept us-gaap:DebtCurrent. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure
Short-term borrowings$mnot reportednot reportednot reported154Short-term borrowings, Q3 FY2025, at 2025-09-30$154.0m. XBRL concept us-gaap:ShortTermBorrowings. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure149Short-term borrowings, FY2025, at 2025-12-31$149.0m. XBRL concept us-gaap:ShortTermBorrowings. 10-K filed 2026-03-30, accession 0002071778-26-000010.Report this figurenot reportednot reported
Shareholders' equity$m0.0Shareholders' equity, period not labelled, at 2025-01-10$0. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure0.4Shareholders' equity, period not labelled, at 2025-03-31$420.0k. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure(1.8)Shareholders' equity, period not labelled, at 2025-06-30−$1.8m. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure302Shareholders' equity, Q3 FY2025, at 2025-09-30$302.5m. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure1,096Shareholders' equity, FY2025, at 2025-12-31$1.10bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure1,072Shareholders' equity, Q1 FY2026, at 2026-03-31$1.07bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure1,032Shareholders' equity, Q2 FY2026, at 2026-06-30$1.03bn. XBRL concept us-gaap:StockholdersEquity. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure

Cash flow

Operating cash flow−$48.7m, Q2 FY2026
Capital expenditure$185.0m, Q2 FY2026
Line itemUnitperiod not labelled2025-03-31period not labelled2025-06-30Q3 FY20252025-09-30Q4 FY20252025-12-31Q1 FY20262026-03-31Q2 FY20262026-06-30
Operating cash flow$m(0.0)Operating cash flow, period not labelled, three months to 2025-03-31−$46.0k. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(2.6)Operating cash flow, period not labelled, three months to 2025-06-30−$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.Report this figure(5.7)Operating cash flow, Q3 FY2025, three months to 2025-09-30−$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.Report this figure(25.9)Operating cash flow, Q4 FY2025, three months to 2025-12-31−$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.Report this figure(7.3)Operating cash flow, Q1 FY2026, three months to 2026-03-31−$7.3m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure(48.7)Operating cash flow, Q2 FY2026, three months to 2026-06-30−$48.7m. XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities. 10-Q filed 2026-08-14, accession 0002071778-26-000051. Derived: 6-month figure less the 3-month figure.Report this figure
Capital expenditure$m0.0Capital expenditure, period not labelled, three months to 2025-03-31$32.0k. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure40.3Capital expenditure, period not labelled, three months to 2025-06-30$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 figure0.2Capital expenditure, Q3 FY2025, three months to 2025-09-30$153.9k. XBRL concept us-gaap:PaymentsToAcquireProductiveAssets. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure480Capital expenditure, Q4 FY2025, three months to 2025-12-31$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 figure441Capital expenditure, Q1 FY2026, three months to 2026-03-31$441.2m. XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure185Capital expenditure, Q2 FY2026, three months to 2026-06-30$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

Shares

Diluted shares (weighted)637.33m, Q2 FY2026
Line itemUnitperiod not labelled2025-03-31period not labelled2025-06-30Q3 FY20252025-09-30Q1 FY20262026-03-31Q2 FY20262026-06-30
Diluted shares (weighted)m shares73.7Diluted shares (weighted), period not labelled, three months to 2025-03-3173,687,500 shares. XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure409Diluted shares (weighted), period not labelled, three months to 2025-06-30408,977,385 shares. XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure466Diluted shares (weighted), Q3 FY2025, three months to 2025-09-30466,493,415 shares. XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding. 10-Q filed 2025-11-12, accession 0001213900-25-109371.Report this figure630Diluted shares (weighted), Q1 FY2026, three months to 2026-03-31629,839,790 shares. XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding. 10-Q filed 2026-05-15, accession 0002071778-26-000032.Report this figure637Diluted shares (weighted), Q2 FY2026, three months to 2026-06-30637,325,436 shares. XBRL concept us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure

Shares outstanding: 640.47mShares outstanding, period not labelled, at 2026-08-10640,467,348 shares. XBRL concept dei:EntityCommonStockSharesOutstanding. 10-Q filed 2026-08-14, accession 0002071778-26-000051.Report this figure at Aug 10, 2026, from the cover of the 10-Q filed Aug 14, 2026.

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