Fermi Inc. Financial Summary

Complete Filing Data

Fermi Inc. reported Stockholders Equity of $1.10 billion for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Fermi Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025
Net Income Loss-$486.4M
Other Nonoperating Income Expense-$312.3M
Operating Income Loss-$177.8M
Operating Expenses$177.8M
Nonoperating Income Expense-$308.6M
Interest Expense Nonoperating-$3.7M
General And Administrative Expense$177.8M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025
Net Income Loss-$346.8M-$6.3M-$78.0K
Other Nonoperating Income Expense-$309.0M
Operating Income Loss-$37.8M
Operating Expenses$37.8M
Nonoperating Income Expense-$309.0M
Interest Expense Nonoperating-$12.0K
General And Administrative Expense$37.8M

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024
Stockholders Equity$1.10B$0.00
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$408.5M$0.00
Repayments Of Notes Payable$20.0M
Prepaid Expense And Other Assets$47.8M
Other Liabilities$9.8M
Operating Lease Right Of Use Asset$21.7M
Operating Lease Liability$21.3M
Liabilities And Stockholders Equity$1.41B
Liabilities$317.4M
Debt Current$109.8M
Common Stock Value$628.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect$408.5M
Cash And Cash Equivalents At Carrying Value$408.5M
Assets$1.41B
Accounts Payable And Accrued Liabilities Current And Noncurrent$176.6M
Retained Earnings Accumulated Deficit-$133.2M
Restricted Cash
Property Plant And Equipment Net$935.3M
Preferred Stock Value$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025
Stockholders Equity$302.5M-$1.8M$420.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$183.0M
Repayments Of Notes Payable
Prepaid Expense And Other Assets$24.4M
Other Liabilities$9.7M
Operating Lease Right Of Use Asset$24.6M
Operating Lease Liability$22.6M
Liabilities And Stockholders Equity$502.8M
Liabilities$200.3M
Debt Current$102.8M
Common Stock Value$575.0K
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
Cash And Cash Equivalents At Carrying Value$83.7M
Assets$502.8M
Accounts Payable And Accrued Liabilities Current And Noncurrent$65.1M
Retained Earnings Accumulated Deficit
Restricted Cash$99.3M
Property Plant And Equipment Net
Preferred Stock Value

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025
Share Based Compensation$3.6K
Proceeds From Other Debt$26.1M
Proceeds From Issuance Of Preferred Stock And Preference Stock$107.6M
Proceeds From Issuance Of Debt$100.0M
Proceeds From Convertible Debt$75.5M
Payments To Acquire Property Plant And Equipment$569.3M
Payments Of Stock Issuance Costs$21.2M
Payments Of Debt Issuance Costs$1.0M
Net Cash Provided By Used In Operating Activities-$34.2M
Net Cash Provided By Used In Investing Activities-$570.3M
Net Cash Provided By Used In Financing Activities$1.01B
Increase Decrease In Prepaid Deferred Expense And Other Assets$8.5M
Increase Decrease In Accounts Payable And Accrued Liabilities$15.0M
Stock Issued During Period Value Share Based Compensation
Proceeds From Payments For Other Financing Activities$354.0K
Proceeds From Issuance Initial Public Offering$745.6M
Payments For Proceeds From Other Investing Activities$956.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025
Share Based Compensation
Proceeds From Other Debt
Proceeds From Issuance Of Preferred Stock And Preference Stock
Proceeds From Issuance Of Debt
Proceeds From Convertible Debt
Payments To Acquire Property Plant And Equipment
Payments Of Stock Issuance Costs
Payments Of Debt Issuance Costs
Net Cash Provided By Used In Operating Activities
Net Cash Provided By Used In Investing Activities
Net Cash Provided By Used In Financing Activities
Increase Decrease In Prepaid Deferred Expense And Other Assets
Increase Decrease In Accounts Payable And Accrued Liabilities
Stock Issued During Period Value Share Based Compensation$24.8M
Proceeds From Payments For Other Financing Activities
Proceeds From Issuance Initial Public Offering
Payments For Proceeds From Other Investing Activities

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025
Weighted Average Number Of Shares Outstanding Basic468.0M
Weighted Average Number Of Diluted Shares Outstanding468.0M
Earnings Per Share Diluted$-1.13
Earnings Per Share Basic$-1.13
Common Stock Shares Outstanding629.8M
Common Stock Shares Issued629.8M
Preferred Stock Shares Authorized10.0M
Preferred Stock Par Or Stated Value Per Share$0.00
Common Stock Shares Authorized2.40B
Common Stock Par Or Stated Value Per Share$0.00
Preferred Stock Shares Outstanding0.00
Preferred Stock Shares Issued0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025
Weighted Average Number Of Shares Outstanding Basic466.5M
Weighted Average Number Of Diluted Shares Outstanding466.5M
Earnings Per Share Diluted$-0.84
Earnings Per Share Basic$-0.84
Common Stock Shares Outstanding
Common Stock Shares Issued
Preferred Stock Shares Authorized10.0M
Preferred Stock Par Or Stated Value Per Share$0.00
Common Stock Shares Authorized2.40B
Common Stock Par Or Stated Value Per Share$0.00
Preferred Stock Shares Outstanding
Preferred Stock Shares Issued

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025
Stock Issued During Period Value New Issues$977.0K
Stock Issued During Period Value Induced Conversion Of Series A And Series B Convertible Notes$23.7M
Stock Issued During Period Value Conversion Of Units$146.6M
Stock Issued During Period Value Conversion Of Convertible Securities$282.2M
Noncash Contribution Expense$173.8M
Change In Fair Value Of Embedded Derivative$111.6M
Additional Paid In Capital$1.23B
Units Issued During Period Value Vesting Of Class B Units Note9
Stock Issued During Period Value Vesting Of Class B Units$76.0K
Stock Issued During Period Value Sharebased Compensation Expense Related Party
Stock Issued During Period Value Sharebased Charitable Contribution Expense Including Repurchase Of Unvested Class B Units
Stock Issued During Period Value Share Based Charitable Contribution Expense Including Repurchase Of Unvested Class B Units
Stock Issued During Period Value Effect Of The Corporate Conversion$0.00
Other Noncash Income Expense-$653.0K
Foreign Currency Transaction Gain Loss Unrealized After Tax-$3.3M
Convertible Notes Inducement Expense$23.7M
Construction In Progress Gross

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025
Stock Issued During Period Value New Issues$479.0K$498.0K
Stock Issued During Period Value Induced Conversion Of Series A And Series B Convertible Notes$23.7M
Stock Issued During Period Value Conversion Of Units$146.6M
Stock Issued During Period Value Conversion Of Convertible Securities$282.2M
Noncash Contribution Expense
Change In Fair Value Of Embedded Derivative
Additional Paid In Capital$301.9M
Units Issued During Period Value Vesting Of Class B Units Note9$43.0K
Stock Issued During Period Value Vesting Of Class B Units
Stock Issued During Period Value Sharebased Compensation Expense Related Party$3.6M
Stock Issued During Period Value Sharebased Charitable Contribution Expense Including Repurchase Of Unvested Class B Units$173.8M
Stock Issued During Period Value Share Based Charitable Contribution Expense Including Repurchase Of Unvested Class B Units$173.8M
Stock Issued During Period Value Effect Of The Corporate Conversion
Other Noncash Income Expense
Foreign Currency Transaction Gain Loss Unrealized After Tax
Convertible Notes Inducement Expense
Construction In Progress Gross$270.7M

Most recent annual filing with the SEC: March 30, 2026

Data sourced from SEC EDGAR public filings as of August 5, 2026.