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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 monitors FRMI SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • Largest Shareholder Toby Neugebauer Files Additional Proxy Materials in Ongoing Board Battle
  • Fermi Board Fights Former CEO's Proxy Bid for Control, Urges Shareholder Revocations
  • Former CEO Neugebauer Files Definitive Proxy to Force Special Meeting for Board Change and Strategic Review
  • Former CEO Neugebauer Escalates Proxy Fight, Seeks to Oust Directors and Force Strategic Review
  • Dissident Shareholder Toby Neugebauer Intensifies Proxy Fight, Solicits Votes for Special Meeting

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
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$7.15 +0.01% today
52-week range · as of 2026-06-12 $4.47 – $36.99
Market cap
$4.55B
Volume
21.2M (1.3× avg)
3-mo avg 17M
Live data · 2026-06-14 02:03 UTC · Market closed

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feed FRMI - Latest Insights

FRMI
Jun 12, 2026, 5:16 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $7.17
Real-time Price: $7.15 info
Change: -$0.0226 (-0.32%) info
Market Cap: $4.552B info
FRMI
Jun 11, 2026, 7:24 PM EDT
Filing Type: DEFC14A
Importance Score:
9
Price at Filing: $7.05
Real-time Price: $7.15 info
Change: +$0.0974 (+1%) info
Market Cap: $4.552B info
FRMI
Jun 11, 2026, 5:07 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $6.92
Real-time Price: $7.15 info
Change: +$0.2274 (+3%) info
Market Cap: $4.552B info
FRMI
Jun 10, 2026, 4:26 PM EDT
Filing Type: DEFC14A
Importance Score:
9
Price at Filing: $6.89
Real-time Price: $7.15 info
Change: +$0.2574 (+4%) info
Market Cap: $4.552B info
FRMI
Jun 10, 2026, 4:00 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $6.90
Real-time Price: $7.15 info
Change: +$0.2474 (+4%) info
Market Cap: $4.552B info
FRMI
Jun 09, 2026, 4:03 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $5.63
Real-time Price: $7.15 info
Change: +$1.52 (+27%) info
Market Cap: $4.552B info
FRMI
Jun 09, 2026, 6:06 AM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $5.76
Real-time Price: $7.15 info
Change: +$1.39 (+24%) info
Market Cap: $4.552B info
FRMI
Jun 08, 2026, 4:01 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $5.70
Real-time Price: $7.15 info
Change: +$1.45 (+25%) info
Market Cap: $4.552B info
FRMI
Jun 05, 2026, 4:00 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $5.78
Real-time Price: $7.15 info
Change: +$1.37 (+24%) info
Market Cap: $4.552B info
FRMI
Jun 04, 2026, 9:45 PM EDT
Filing Type: PRRN14A
Importance Score:
9
Price at Filing: $6.13
Real-time Price: $7.15 info
Change: +$1.02 (+17%) info
Market Cap: $4.552B info
FRMI
Jun 04, 2026, 4:54 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $6.22
Real-time Price: $7.15 info
Change: +$0.9274 (+15%) info
Market Cap: $4.552B info
FRMI
Jun 03, 2026, 5:13 PM EDT
Filing Type: PRER14A
Importance Score:
9
Price at Filing: $6.15
Real-time Price: $7.15 info
Change: +$0.9974 (+16%) info
Market Cap: $4.552B info
FRMI
Jun 03, 2026, 6:06 AM EDT
Filing Type: DFAN14A
Importance Score:
8
Price at Filing: $6.55
Real-time Price: $7.15 info
Change: +$0.5974 (+9%) info
Market Cap: $4.552B info
FRMI
Jun 02, 2026, 6:17 AM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $6.58
Real-time Price: $7.15 info
Change: +$0.5674 (+9%) info
Market Cap: $4.552B info
FRMI
Jun 01, 2026, 6:09 AM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $7.01
Real-time Price: $7.15 info
Change: +$0.1374 (+2%) info
Market Cap: $4.552B info
FRMI
May 29, 2026, 6:10 AM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $6.80
Real-time Price: $7.15 info
Change: +$0.3474 (+5%) info
Market Cap: $4.552B info
FRMI
May 28, 2026, 4:00 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $6.71
Real-time Price: $7.15 info
Change: +$0.4374 (+7%) info
Market Cap: $4.552B info
FRMI
May 26, 2026, 5:08 PM EDT
Filing Type: PRRN14A
Importance Score:
9
Price at Filing: $6.42
Real-time Price: $7.15 info
Change: +$0.7282 (+11%) info
Market Cap: $4.552B info
FRMI
May 22, 2026, 8:10 AM EDT
Filing Type: DFAN14A
Importance Score:
10
Price at Filing: $6.05
Real-time Price: $7.15 info
Change: +$1.10 (+18%) info
Market Cap: $4.552B info
FRMI
May 20, 2026, 4:10 PM EDT
Filing Type: DFAN14A
Importance Score:
9
Price at Filing: $6.17
Real-time Price: $7.15 info
Change: +$0.9774 (+16%) info
Market Cap: $4.552B info