OakChart

Fermi Inc

FRMIReal Estate·REIT - Specialty·USA·Small·NASD·Nov 11 • 3:59 PM ET

1.84+0.30 (19.16%)
2026-11-11 21:59 CET
Market cap
987.54 USD m
Revenue, TTM
0.00 USD m
Net income, TTM
-694.51 USD m
Free cash flow, TTM
- USD m
EPS diluted, TTM
-1.32
P/E
-
Compare

Price

FRMI against its 20, 50 and 200-day averages
2050200beatmissearnings
2.505.007.5010.0043.8M87.5MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26FRMIclose 1.8420-day 2.4250-day 3.68200-day 6.161.84

92.3% under the 52-week high of 23.75 on 11 Nov 2025. 52-week low 1.44 on 5 Nov 2026. Last 15 sessions, 110.4% high to low

Volume 1.32× normal · the line is the 50-bar volume average

Profile

FRMI
52-week range, 2% of the way up
1.4423.75

Fermi, Inc. engages in the development of energy infrastructure. It intends to develop an energy and data center development campus to support the needs of to-be-built AI infrastructure. The company was founded by Rick Perry, Toby Neugebauer and Griffin Perry on January 10, 2025 and is headquartered in Amrillo, TX.

IndexRUI
Employees35
IPOOct 01, 2025
Beta2.64
ATR, 14d0.30
Rel volume1.32
Short float17.25%
Insider own47.39%
Inst own27.97%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap1.18B
Enterprise Value1.66B
Income-694.51M
Sales0.00M
Book/sh1.62
Cash/sh0.14
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees35
IPOOct 01, 2025

Ratios

P/E-
Forward P/E28.35
PEG-
P/S-
P/B1.14
P/C12.83
P/FCF-
EV/EBITDA-
EV/Sales-
Quick Ratio0.61
Current Ratio0.61
Debt/Eq0.56
LT Debt/Eq0.56
Option/ShortYes / Yes

Earnings

EPS (ttm)-1.32
EPS next Y0.06
EPS next Q-0.04
EPS this Y62.07%
EPS next Y116.42%
EPS next 5Y-
EPS past 3/5Y- -
Sales past 3/5Y- -
EPS Y/Y TTM-
Sales Y/Y TTM-
EPS Q/Q-8000.00%
Sales Q/Q-
EarningsNov 12 BMO
EPS/Sales Surpr.12.09% -100.00%

Ownership

Insider Own47.39%
Insider Trans-4.15%
Inst Own27.97%
Inst Trans63.88%
ROA-
ROE-
ROIC-43.25%
Gross Margin-
Oper. Margin-
Profit Margin-
SMA20-24.20%
SMA50-50.19%
SMA200-70.19%
Trades-

Technical

Shs Outstand638.12M
Shs Float337.36M
Short Float17.25%
Short Ratio2.78
Short Interest58.20M
52W High23.75 -92.27%
52W Low1.44 27.43%
Volatility15.28% 12.23%
ATR (14)0.30
RSI (14)33.41
Beta2.64
Rel Volume1.32
Avg Volume20.95M
Volume27,541,958

Performance

Perf Week0.82%
Perf Month-50.67%
Perf Quarter-72.20%
Perf Half Y-69.42%
Perf YTD-77.06%
Perf Year-91.62%
Perf 3Y-
Perf 5Y-
Perf 10Y-
Recom1.50
Target Price14.12
Prev Close1.54
Price1.84
Change %19.16%

Analyst ratings

latest 10 of 11
DateActionAnalystRating changeTargetImplied
May 15, 2026DowngradeEEvercore ISIOutperform → In-line$11+499.5%
May 05, 2026DowngradeUUBSBuy → Neutral$6+227.0%
Apr 09, 2026ResumedCCantor FitzgeraldOverweight$8+336.0%
Feb 09, 2026InitiatedCCitizensMkt Outperform$30+1,534.9%
Oct 27, 2025InitiatedUUBSBuy$30+1,534.9%
Oct 27, 2025InitiatedSStifelBuy$29+1,480.4%
Oct 27, 2025InitiatedRRothschild & Co RedburnBuy$31+1,589.4%
Oct 27, 2025InitiatedMMizuhoOutperform$27+1,371.4%
Oct 27, 2025InitiatedMMacquarieOutperform$35+1,807.4%
Oct 27, 2025InitiatedCCantor FitzgeraldOverweight$27+1,371.4%

Peers

Mkt cap
TickerCompanyMkt cap
BXDCBlackstone Digital Infrastructure Trust Inc1.69B
DLRDigital Realty Trust Inc68.55B
APLDApplied Digital Corp5.41B
CIFRCipher Digital Inc3.25B
EQIXEquinix Inc105.77B
WULFTeraWulf Inc6.72B
CORZCore Scientific Inc4.71B
IRENIREN Ltd8.85B
OKLOOklo Inc5.06B
TLNTalen Energy Corp16.46B

Insider trading

latest 14 of 25
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
NEUGEBAUER TOBY R10% OwnerNov 05 '26Sale1.525,000,0007,603,00084,813,010Nov 05 08:26 PM
NEUGEBAUER TOBY R10% OwnerNov 03 '26Sale2.042,563,8005,227,84542,077,276Nov 05 08:26 PM
NEUGEBAUER TOBY R10% OwnerNov 04 '26Sale1.9994,000187,51189,813,010Nov 05 08:26 PM
Toby Neugebauer10% OwnerNov 05 '26Proposed Sale1.535,000,0007,650,000Nov 05 06:30 PM
Toby Neugebauer10% OwnerNov 04 '26Proposed Sale1.8294,000171,080Nov 04 06:28 PM
Toby Neugebauer10% OwnerNov 03 '26Proposed Sale2.042,563,8005,217,333Nov 03 06:41 PM
NEUGEBAUER TOBY R10% OwnerOct 20 '26Sale3.04420,7491,277,22691,188,910Oct 22 05:16 PM
Toby Neugebauer10% OwnerOct 20 '26Proposed Sale2.94420,7491,237,002Oct 20 05:43 PM
NEUGEBAUER TOBY R10% OwnerOct 13 '26Sale3.732,750,00010,266,57591,609,659Oct 15 06:07 PM
NEUGEBAUER TOBY R10% OwnerOct 14 '26Sale3.151,297,2004,089,29343,359,176Oct 15 06:07 PM
Toby Neugebauer10% OwnerOct 14 '26Proposed Sale3.161,297,2004,099,152Oct 14 05:11 PM
Toby Neugebauer10% OwnerOct 13 '26Proposed Sale3.722,750,00010,230,000Oct 13 05:38 PM
Perry James RichardDirectorJun 30 '26Sale7.31863,6376,313,18615,827,807Jul 02 08:53 PM
Uzman MesutChief Nuclear Constr. OfficerJun 03 '26Sale6.3179,509501,702670,491Jun 04 09:38 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VXFVanguard Extended Market Index ETFAUM: 30.47B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
SCHHSchwab U.S. REIT ETFAUM: 11.94B
SPRESP Funds S&P Global REIT Sharia ETFAUM: 203.41M
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B
IWRiShares Russell Mid-Cap ETFAUM: 58.68B
VTVanguard Total World Stock ETFAUM: 83.17B

News

latest 14 of 200

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-12--0.039--0.002
2026Q22026-08-13-0.040-0.046-0.0400.003.002
2026Q12026-05-14-0.300-0.034-0.3003.922.062
2025Q42026-03-30-0.261-0.010-0.1430.006.042
2026Q4---0.038--12.632
2027Q1---0.030--22.411
2027Q2---0.030--36.901
2027Q3---0.016--97.751
2027Q4--0.238--211.81
2028Q1--0.335--478.631
2028Q2--0.616--619.11
2028Q3--0.891--806.671
2028Q4--1.143--972.311

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2025FY-1.039-0.093-1.1300.0015.95
2026FY--0.394--9.48
2027FY-0.065--402.71
2028FY-1.348--2,181
2029FY-6.050--1,971
2030FY-7.137--4,871

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q3S2026-08-143000.000.000.00
2026Q3S2026-08-134003.000.0011.98
2026Q3S2026-07-084003.000.0011.98
2026Q3S2026-07-0160032.940.00184.33
2026Q3S2026-06-2060132.940.00184.33
2026Q3S2026-06-1560232.940.00184.33
2026Q3S2026-05-1660332.940.00184.33
2026Q3S2026-05-1460432.940.00184.33
2026Q3S2026-04-1760432.940.00184.33
2026Q3S2026-04-1260356.900.00184.33
2026Q3S2026-04-0660456.900.00184.33
2026Q3S2026-04-01603101.620.00268.3
2026Q3S2026-03-30602131.230.00268.3
2026Q3S2026-02-25401150.430.00268.3

Estimate history

EPS, annual-1.039-1.3191
Period2025TTM
EPS, quarterly-0.001-0.836-0.143-0.3-0.041
PeriodQ1 '25Q3 '25Q4 '25Q1 '26Q2 '26
Sales, annual00
Period2025TTM
Sales, quarterly00000
PeriodQ1 '25Q3 '25Q4 '25Q1 '26Q2 '26
Shares, annual629.84638.115
Period2025MRQ
Shares, quarterly153.3574.978629.84629.84638.115
PeriodQ1 '25Q3 '25Q4 '25Q1 '26Q2 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY
Total Revenue0.000.00
Total Expenses365.10177.78
Operating Income-365.10-177.78
Unusual Expense0.000.00
Net Income Before Taxes-694.50-486.38
Income Taxes0.000.00
Consolidated Net Income-694.51-486.38
Net Income From Continuing Operations-694.51-486.38
Net Income-694.51-486.38
EPS (Recurring)-0.330.00
EPS (Basic, Before Extraordinaries)-1.32-1.04
EPS (Diluted)-1.32-1.04
Non-Operating Income (Expense)-329.42-308.60
Other After Tax Adjustments0.000.00
Stock Option Compensation Expense-373.62
Shares Outstanding638.12629.84
Market Capitalization987.54987.54

Income statement, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q1
Total Revenue0.000.000.000.000.00
Total Expenses26.76166.24134.3237.780.08
Operating Income-26.76-166.24-134.32-37.78-0.08
Unusual Expense0.000.000.000.000.00
Net Income Before Taxes-25.81-188.69-133.20-346.80-0.08
Income Taxes0.000.000.000.000.00
Consolidated Net Income-25.81-188.69-133.20-346.81-0.08
Net Income From Continuing Operations-25.81-188.69-133.20-346.81-0.08
Net Income-25.81-188.69-89.81-390.20-0.08
EPS (Recurring)-0.04-0.300.63-0.84-0.00
EPS (Basic, Before Extraordinaries)-0.04-0.30-0.14-0.84-0.00
EPS (Diluted)-0.04-0.30-0.14-0.84-0.00
Non-Operating Income (Expense)0.95-22.451.12-309.040.00
Other After Tax Adjustments0.000.000.000.000.00
Stock Option Compensation Expense12.05-171.42198.59-
Shares Outstanding638.12629.84629.84574.98153.30
Market Capitalization987.543,585.914,912.203,219.30-

Balance sheet, annual

Currency USD, millions
Metric2025FY
Cash & Short Term Investments408.53
Short Term Receivables0.00
Investments0.00
Investment in Unconsolidated Affiliates0.00
Net Property, Plant & Equipment957.03
Other Intangible Assets47.75
Total Assets1,413.31
Total Debt131.12
Long Term Debt-17.87
Provision for Risks Charges0.00
Other Liabilities186.32
Total Liabilities317.44
Preferred Stock - Carrying Value0.00
Common Equity1,095.87
Total Shareholders Equity1,095.87
Accumulated Minority Interest0.00
Total Equity1,095.87
Total Liabilities & Stockholders Equity1,413.31
Book Value Per Share1.74
Tangible Book Value Per Share1.74
Full-Time Employees35
Price to Book Ratio0.95
Return on Invested Capital-45.12
Quick Ratio2.31
Current Ratio2.31

Cash flow, annual

Currency USD, millions
MetricTTM2025FY
Funds from Operations--40.66
Extraordinary Item-0.00
Changes in Working Capital-6.51
Cash from Operating Activities--34.15
Capital Expenditures--570.26
Net Assets From Acquisitions-0.00
Sale of Fixed Assets and Businesses-0.00
Purchase or Sale of Investments-0.00
Purchase of Investments-0.00
Sale Or Maturity of Investments-0.00
Other Uses-0.00
Other Sources-0.00
Cash from Investing Activities--570.26
Cash Dividends Paid-0.00
Preferred Dividends (Cash Flow)-0.00
Change in Capital Stock-831.97
Repurchase of Common Pref Stock-0.00
Sale of Common Pref Stock-831.97
Proceedsfrom Stock Options-831.97
Issuance or Reduction of Debt, Net-180.61
Change in Long Term Debt-180.61
Issuance of Long Term Debt-200.61
Reduction of Long Term Debt--20.00
Net Financing Active Other Cash Flow-0.35
Cash from Financing Activities-1,012.94
Net Change in Cash-408.53
Free Cash Flow--603.46

Balance sheet, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q1
Cash & Short Term Investments91.73243.29408.53182.990.22
Short Term Receivables0.000.000.000.000.20
Investments0.000.000.000.000.00
Investment in Unconsolidated Affiliates0.000.000.000.000.00
Net Property, Plant & Equipment1,595.601,470.61957.03295.340.00
Other Intangible Assets75.8063.5947.7524.440.17
Total Assets1,763.141,777.491,413.31502.770.59
Total Debt576.39465.01131.12125.440.00
Long Term Debt574.03462.69-17.87125.440.00
Provision for Risks Charges0.000.000.000.000.00
Other Liabilities155.09240.21186.3274.850.16
Total Liabilities731.48705.22317.44200.290.16
Preferred Stock - Carrying Value0.000.000.000.000.00
Common Equity1,031.661,072.281,095.87302.470.42
Total Shareholders Equity1,031.661,072.281,095.87302.470.42
Accumulated Minority Interest0.000.000.000.000.00
Total Equity1,031.661,072.281,095.87302.470.42
Total Liabilities & Stockholders Equity1,763.141,777.491,413.31502.770.59
Book Value Per Share1.621.701.740.530.00
Tangible Book Value Per Share1.621.701.740.530.00
Full-Time Employees--35--
Price to Book Ratio0.950.0015.217,664.23-
Return on Invested Capital-1.61-12.29-12.36-81.05-18.51
Quick Ratio0.611.021.252.812.54
Current Ratio0.611.021.252.812.54

Cash flow, quarterly

Currency USD, millions
Metric2026Q22026Q12025Q42025Q32025Q1
Funds from Operations-39.79-29.74-25.64--0.08
Extraordinary Item0.000.000.00-0.00
Changes in Working Capital-8.8822.39-0.22-0.03
Cash from Operating Activities-48.67-7.34-25.86--0.05
Capital Expenditures-184.97-441.19-473.94--0.03
Net Assets From Acquisitions0.000.000.00-0.00
Sale of Fixed Assets and Businesses0.000.000.00-0.00
Purchase or Sale of Investments0.000.000.00-0.00
Purchase of Investments0.000.000.00-0.00
Sale Or Maturity of Investments0.000.000.00-0.00
Other Uses0.000.000.00-0.00
Other Sources0.000.000.00-0.00
Cash from Investing Activities-184.97-441.19-473.94--0.03
Cash Dividends Paid0.000.000.00-0.00
Preferred Dividends (Cash Flow)0.000.00--0.00
Change in Capital Stock0.000.00729.98-0.30
Repurchase of Common Pref Stock0.000.000.03-0.00
Sale of Common Pref Stock0.000.00729.96-0.30
Proceedsfrom Stock Options0.000.00729.96-0.30
Issuance or Reduction of Debt, Net82.08283.30-5.00-0.00
Change in Long Term Debt82.08283.30-5.00-0.00
Issuance of Long Term Debt82.08427.590.00-0.00
Reduction of Long Term Debt0.00-144.29-5.00-0.00
Net Financing Active Other Cash Flow0.000.000.35-0.00
Other Financing Activities Uses----0.00
Cash from Financing Activities82.08283.30725.34-0.30
Net Change in Cash-151.56-165.24225.54-0.22
Free Cash Flow-233.64-448.53-506.13--0.05

Revenue breakdown

Revenue split-

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3017.25%58.2M337.4M19.57M
2026-10-1518.79%63.4M337.4M19.24M
2026-09-3020.12%66.8M332.0M18.37M
2026-09-1519.15%63.5M331.6M19.27M
2026-08-3118.22%60.4M331.6M19.59M
2026-08-1415.44%49.3M319.0M19.48M
2026-07-3116.55%47.1M284.8M18.70M
2026-07-1514.92%42.5M284.8M19.88M
2026-06-3011.89%33.9M284.7M18.87M
2026-06-1513.07%34.8M266.5M16.93M
2026-05-2910.37%30.2M290.7M15.11M
2026-05-1512.09%33.0M272.9M14.18M
2026-04-3014.82%36.4M245.6M12.32M
2026-04-158.79%21.1M239.6M8.92M
2026-03-319.10%21.8M239.6M8.26M
2026-03-1310.78%25.2M233.6M7.12M
2026-02-276.25%14.6M233.6M7.44M
2026-02-135.50%12.9M233.6M6.94M
2026-01-305.21%11.9M229.2M6.48M
2026-01-156.04%13.9M229.2M6.46M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call0.501.251.451.4021.06356.006.000.960-0.0450.000
call1.000.750.950.8610.7042578.000.915-0.0420.000
call1.500.300.400.394.0756,5055,4000.773-0.0520.000
call2.000.100.150.124.1556,3746,3810.442-0.0590.001
call2.500.000.050.054.2421,5451610.189-0.0400.000
call3.000.000.050.055.68449839.000.154-0.0480.000
call3.500.000.050.026.8254382.000.136-0.0520.000
call4.000.000.050.027.7111,3245.000.125-0.0560.000
call4.500.000.050.028.1584022.000.116-0.0570.000
call5.000.000.050.028.5931,4480.000.110-0.0570.000
call5.500.000.050.029.58752.002.000.107-0.0610.000
call6.000.000.050.0210.32125.001.000.104-0.0650.000
call6.500.000.050.0210.7912.000.000.101-0.0660.000
call7.000.000.050.0211.2161020.000.098-0.0680.000
call7.500.000.250.0611.5904.000.000.096-0.0690.000
call8.000.000.300.0611.9525.000.000.094-0.0700.000
call8.500.000.050.0512.30611.000.000.093-0.0710.000
put0.500.000.050.0514.8731.000.00-0.041-0.0450.000
put1.000.000.050.057.7410.005.00-0.085-0.0420.000
put1.500.000.100.054.8719491,447-0.227-0.0520.000
put2.000.250.400.285.710123216-0.558-0.0580.001
put2.500.600.900.608.24144151.00-0.811-0.0400.000
put3.001.001.251.146.58264138.00-0.846-0.0470.000
put3.501.551.751.667.77076735.00-0.864-0.0520.000
put4.002.002.252.168.73747.002.00-0.875-0.0550.000
put4.502.602.752.659.5532.003.00-0.883-0.0580.000
put5.003.003.303.2511.70121.0035.00-0.889-0.0610.000
put5.503.503.804.0311.3971.000.00-0.892-0.0630.000
put6.004.004.304.2512.7031.0033.00-0.897-0.0640.000
put6.504.404.904.6915.7413.001.00-0.900-0.0660.000
put7.005.005.305.1213.9192.002.00-0.902-0.0670.000
put7.505.505.805.7214.1162.001.00-0.904-0.0680.000
put8.006.006.306.1514.5111.002.00-0.906-0.0690.000
put8.506.407.006.3019.8260.000.00-0.908-0.0700.000

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-05144Filing for proposed sale of securities under Rule 144.SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-03SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-048-KCurrent report2026-10-30SEC
2026-11-03144Filing for proposed sale of securities under Rule 144.SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-20144Filing for proposed sale of securities under Rule 144.SEC
2026-10-168-KCurrent report2026-10-16SEC
2026-10-154Statement of changes in beneficial ownership of securities2026-10-13SEC
2026-10-14144Filing for proposed sale of securities under Rule 144.SEC
2026-10-148-KCurrent report2026-10-14SEC
2026-10-13144Filing for proposed sale of securities under Rule 144.SEC
2026-10-02ARSAnnual report to security holders. 2025-12-31SEC
2026-10-02DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-10-30SEC
2026-09-11PX14A6GSEC
2026-09-023Initial statement of beneficial ownership of securities2026-07-22SEC
2026-08-318-KCurrent report2026-08-25SEC
2026-08-274Statement of changes in beneficial ownership of securities2026-08-20SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-1410-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-08-14SCHEDULE 13G/ASEC
2026-08-148-KCurrent report2026-08-11SEC
2026-08-138-KCurrent report2026-08-13SEC
2026-07-238-KCurrent report2026-07-20SEC
2026-07-218-K/A2026-07-10SEC
2026-07-20SCHEDULE 13GSEC
2026-07-158-KCurrent report2026-07-09SEC
2026-07-138-KCurrent report2026-07-10SEC
2026-07-098-KCurrent report2026-07-09SEC
2026-07-08SCHEDULE 13D/ASEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110013.02M3
2026-100015.63M3
2026-090000
2026-080000
2026-070000
2026-06007.31M3
2026-050000
2026-040011.54M6
2026-030056.27M2
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
SRS Investment Management, LLC3.17%
CITADEL ADVISORS LLC1.35%
Point72 Asset Management, L.P.1.10%
D. E. Shaw & Co., Inc.0.85%
GEODE CAPITAL MANAGEMENT, LLC0.77%
UBS Group AG0.68%
MILLENNIUM MANAGEMENT LLC0.67%
BlackRock, Inc.0.66%
MARSHALL WACE, LLP0.65%
ExodusPoint Capital Management, LP0.64%

Funds

Fund% owned
Fidelity Convertible Securities Fund1.91%
Fidelity Strategic Dividend and Income Fund0.69%
Virtus Artificial Intelligence & Technology Opportunities Fund0.57%
VANGUARD TOTAL STOCK MARKET INDEX FUND0.48%
Virtus Convertible & Income Fund0.47%
Virtus Convertible & Income Fund II0.38%
Virtus Equity & Convertible Income Fund0.37%
Virtus Dividend, Interest & Premium Strategy Fund0.37%
VANGUARD SMALL-CAP INDEX FUND0.34%
Highland Global Allocation Fund0.32%

OakChart. FRMI. Cached 15 minutes.