Skip to main content

Fermi Inc.

corporate_fare Company Profile

Fermi Inc.

FRMI·NASDAQ·Real Estate & Construction·CIK 0002071778

Fermi Inc. develops and leases large-scale, grid-independent energy generation and high-performance computing facilities for AI-centric customers. The company's mission is to deliver up to 11 GW of low-carbon, highly reliable and redundant, and on-demand power directly to compute-intensive businesses. There is potential to expand the campus to up to approximately 17 GW of total generation capacity, subject to additional land acquisitions and incremental permits. Fermi has a long-term lease on a site large enough to simultaneously house the next three largest AI infrastructure campuses by square footage currently in existence. The company's strategy is anchored by Project Matador, a hyperscale power and AI infrastructure campus located in the Texas Panhandle region. This project is secured by a 99-year ground lease with the Texas Tech University System. Project Matador is designed as a multi-phased development intended to deliver up to 11 GW, with the potential to expand to up to approximately 17 GW, of private power generation capacity. It is also designed to support up to approximately 15 million square feet of AI-ready hyperscale compute infrastructure over a multi-decade buildout timeline. The objective is to provide hyperscale and other compute-intensive tenants with reliable, cost-effective, low-latency power and dedicated powered shell infrastructure, insulated from the constraints of grid-based power supplies.

Fermi Inc. (NASDAQ:FRMI) is a publicly traded company in the Real Estate & Construction sector. Wiseek has independently scored 100 items for FRMI at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-11, rated 8/10. Across its 20 most recent items scored 7 or higher, the top rating is 9/10, with 17 rated 8 or above. Recent SEC coverage for FRMI spans PX14A6G, 10-Q, 8-K, 8-K/A.

Recent high-impact activity:

  • Founder Neugebauer Files Formal Proposal for Independent Strategic Review, Presses Board on Governance Ahead of Oct 30 Vote
  • Founder Files Formal Proposal for Independent Strategic Review, Presses Board on Governance
  • Fermi 10-Q: Going Concern Warning, Material Weakness, and $6.5B TensorWave Lease
  • Fermi Appoints Lee McIntire as CEO with $3M RSU Award
  • Fermi Reports Q2 Results, Signs $6.5B TensorWave Deal, and Raises $431M in Convertible Notes

Financial Snapshot

Fiscal year ended December 31, 2025
Net Income
-$486.38M
Diluted EPS
-$1.13
Cash & Equivalents
$408.53M
Total Debt
$109.8M
Debt / Equity
0.10×
Shares Outstanding
629.84M sh
Source: 10-K · filed 2026-04-30 · accession 0002071778-26-000018

Dilution Risk

Low risk

Filing-implied dilution signals for FRMI, detected from its recent SEC filings · based on capital-structure filings through 2026-07-15.

Convertible Notes Offering Closed · Capped Call Transactions Limit Dilution

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Browse all tickers starting with F →
$5.51 +0.01% today
52-week range · as of 2026-09-11 $4.47 – $36.99
Market cap
$3.52B
Volume
13M (0.7× avg)
3-mo avg 18.5M
Live data · 2026-09-13 21:22 UTC · Market closed

show_chartPrice Chart

Loading chart...

feed FRMI - Latest Insights

FRMI
Sep 11, 2026, 4:03 PM EDT
Filing Type: PX14A6G
Importance Score:
8
Price at Filing: $5.50
Real-time Price: $5.51 info
Change: +$0.0100 (+0.18%) info
Market Cap: $3.523B info
FRMI
Sep 11, 2026, 8:56 AM EDT
Source: PR Newswire
Importance Score:
8
Price at Filing: $5.41
Real-time Price: $5.51 info
Change: +$0.0954 (+2%) info
Market Cap: $3.523B info
FRMI
Aug 14, 2026, 4:41 PM EDT
Filing Type: 10-Q
Importance Score:
9
Price at Filing: $6.46
Real-time Price: $5.51 info
Change: -$0.950 (-15%) info
Market Cap: $3.523B info
FRMI
Aug 13, 2026, 7:19 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $6.72
Real-time Price: $5.51 info
Change: -$1.21 (-18%) info
Market Cap: $3.523B info
FRMI
Aug 13, 2026, 7:10 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $7.87
Real-time Price: $5.51 info
Change: -$2.36 (-30%) info
Market Cap: $3.523B info
FRMI
Jul 23, 2026, 4:34 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.32
Real-time Price: $5.51 info
Change: -$0.810 (-13%) info
Market Cap: $3.523B info
FRMI
Jul 21, 2026, 4:01 PM EDT
Filing Type: 8-K/A
Importance Score:
8
Price at Filing: $6.65
Real-time Price: $5.51 info
Change: -$1.14 (-17%) info
Market Cap: $3.523B info
FRMI
Jul 15, 2026, 4:54 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.25
Real-time Price: $5.51 info
Change: -$0.740 (-12%) info
Market Cap: $3.523B info
FRMI
Jul 13, 2026, 1:16 PM EDT
Source: Dow Jones Newswires
Importance Score:
8
Price at Filing: $6.26
Real-time Price: $5.51 info
Change: -$0.7501 (-12%) info
Market Cap: $3.523B info
FRMI
Jul 13, 2026, 9:23 AM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $6.53
Real-time Price: $5.51 info
Change: -$1.02 (-16%) info
Market Cap: $3.523B info
FRMI
Jul 13, 2026, 9:15 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.56
Real-time Price: $5.51 info
Change: -$1.05 (-16%) info
Market Cap: $3.523B info
FRMI
Jul 10, 2026, 2:42 AM EDT
Source: Reuters
Importance Score:
8
Price at Filing: $6.18
Real-time Price: $5.51 info
Change: -$0.670 (-11%) info
Market Cap: $3.523B info
FRMI
Jul 09, 2026, 5:13 PM EDT
Source: Wiseek News
Importance Score:
8
Price at Filing: $6.42
Real-time Price: $5.51 info
Change: -$0.910 (-14%) info
Market Cap: $3.523B info
FRMI
Jul 09, 2026, 5:11 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.28
Real-time Price: $5.51 info
Change: -$0.770 (-12%) info
Market Cap: $3.523B info
FRMI
Jul 08, 2026, 6:10 AM EDT
Filing Type: DFAN14A
Importance Score:
8
Price at Filing: $7.10
Real-time Price: $5.51 info
Change: -$1.59 (-22%) info
Market Cap: $3.523B info
FRMI
Jul 06, 2026, 4:00 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $8.23
Real-time Price: $5.51 info
Change: -$2.72 (-33%) info
Market Cap: $3.523B info
FRMI
Jul 03, 2026, 1:03 PM EDT
Source: PR Newswire
Importance Score:
9
Price at Filing: $8.02
Real-time Price: $5.51 info
Change: -$2.51 (-31%) info
Market Cap: $3.523B info
FRMI
Jul 02, 2026, 8:53 PM EDT
Filing Type: 4
Importance Score:
7
Price at Filing: $8.02
Real-time Price: $5.51 info
Change: -$2.51 (-31%) info
Market Cap: $3.523B info
FRMI
Jul 02, 2026, 8:41 PM EDT
Filing Type: SCHEDULE 13D/A
Importance Score:
7
Price at Filing: $8.02
Real-time Price: $5.51 info
Change: -$2.51 (-31%) info
Market Cap: $3.523B info
FRMI
Jul 01, 2026, 5:17 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $8.52
Real-time Price: $5.51 info
Change: -$3.01 (-35%) info
Market Cap: $3.523B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets