FRMI financial statements
The full income statement, balance sheet, and cash-flow statement for Fermi Inc. (FRMI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 |
|---|---|---|
| Income Statement | as ofDec 31 ’25 | |
| 178M | ||
| Selling, general & administrative | 178M | |
| General & administrative | 178M | |
| Operating income | -178M | |
| Interest expense | -3.73M | |
| Other non-operating income | -312M | |
| Net income | -486M | |
| Weighted-avg shares (basic) | 468M | |
| Weighted-avg shares (diluted) | 468M | |
| Balance Sheet | as ofDec 31 ’25 | |
| Cash & equivalents | 409M | |
| 1.41B | ||
| Property, plant & equipment | 935M | |
| Operating lease right-of-use | 21.7M | |
| Short-term & current debt | 110M | |
| 317M | ||
| Long-term debt | 110M | |
| Operating lease liability (total) | 21.3M | |
| 1.10B | ||
| Preferred stock | 0.00 | |
| Common stock | 628K | |
| Additional paid-in capital | 1.23B | |
| Retained earnings | -133M | |
| Total liabilities & equity | 1.41B | |
| Common shares issued | 630M | |
| Common shares outstanding | 630M | |
| Shares outstanding (cover) | 630M | |
| Cash Flow | as ofDec 31 ’25 | |
| Cash from operations | -34.2M | |
| -570M | ||
| Capital expenditure | 569M | |
| Free cash flow | -603M | |
| Acquisitions | 0.00 | |
| Other investing activities | 956K | |
| 1.01B | ||
| Long-term debt issued | 100M | |
| Long-term debt repaid | 0.00 | |
| Common stock issued | 0.00 | |
| Common stock repurchased | 0.00 | |
| Dividends paid | 0.00 | |
| Other financing activities | 354K | |
| Valuation Ratios | as ofDec 31 ’25 | |
| Market cap | 5.04B | |
| P/B | 4.6× | |
| Source filing | 10-K |
About this data
Source: FRMI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all FRMI filings on SEC EDGAR → Not investment advice.