Fermi Inc. reported a net loss of $188.7 million for Q1 FY2026 ended March 31, 2026, compared to a net loss of $0.1 million in the prior year period. Operating loss was $166.2 million, and diluted EPS was -$0.30. The company had cash of $207.5 million, equity of $1.07 billion, and long-term debt of $421.3 million.
•Net loss of $188.7 million, a significant increase from the prior year.
•Operating loss of $166.2 million.
•Diluted EPS of -$0.30.
•Cash and cash equivalents of $207.5 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Fermi develops next-gen private electric grids that deliver highly redundant power at gigawatt scale to support next-gen intelligence and AI computing. Fermi Inc combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders with a combined 25 gigawatts of experience, to create the world's largest, up to 17 gigawatts next-gen private grid, helping ensure America's energy and AI dominance.
The behind-the-meter Project Matador campus is expected to integrate the nation's biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to support hyperscale AI and advanced computing. The company was founded and incorporated on January 10th, 2025 is headquartered in Amarillo, Texas, USA.
Fermi Inc. develops next-generation private electric grids that deliver highly redundant power at gigawatt scale to support next-gen intelligence and AI computing. The company is building the world's largest private grid, capable of up to 17 gigawatts, through its Project Matador campus. This behind-the-meter facility integrates the nation's biggest combined-cycle natural gas project, one of the largest clean new nuclear power complexes in America, utility grid power, solar power, and battery energy storage. The goal is to provide reliable, large-scale energy for hyperscale AI and advanced computing, helping ensure America's energy and AI dominance.
Where is Fermi Inc. (FRMI) listed and in which currency?
Fermi Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol FRMI. Its shares are traded in US dollars (USD). The company is headquartered in Amarillo, Texas, USA, and operates primarily in the United States.
What sector and industry does Fermi Inc. (FRMI) belong to?
Fermi Inc. operates in the Real Estate sector, specifically within the REIT - Specialty industry. As a real estate investment trust focused on specialty assets, the company develops and manages private electric grid infrastructure. This includes large-scale energy projects like the Project Matador campus, which combines natural gas, nuclear, solar, and battery storage to power AI computing. The REIT structure allows Fermi to invest in income-producing real estate assets related to energy and data infrastructure.
Where is Fermi Inc. (FRMI) headquartered and what markets does it serve?
Fermi Inc. is headquartered in Amarillo, Texas, USA. The company primarily serves the United States market, focusing on building large-scale private electric grids to support AI computing and advanced data centers. Its flagship Project Matador campus is located in the US and is designed to integrate multiple energy sources, including natural gas, nuclear, solar, and battery storage, to provide reliable power for hyperscale AI operations. The company aims to strengthen America's energy infrastructure and AI capabilities.
What is the business model of Fermi Inc. (FRMI) and how does it make money?
Fermi Inc. operates as a REIT specializing in private electric grid infrastructure. Its business model involves developing, owning, and operating large-scale behind-the-meter energy campuses that provide highly redundant power to hyperscale AI and advanced computing customers. The company generates revenue by leasing capacity on its private grids to data center operators and AI companies. By integrating multiple energy sources—such as natural gas, nuclear, solar, and battery storage—Fermi offers reliable, low-cost power. The Project Matador campus, with up to 17 gigawatts capacity, is a key asset expected to generate income through long-term contracts.